ENXTPA:EN

Stock Analysis Report

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Executive Summary

Bouygues SA, together with its subsidiaries, operates in the construction, telecom, and media sectors in France and internationally. More Details


Snowflake Analysis

6 star dividend payer with excellent balance sheet.


Similar Companies

Share Price & News

How has Bouygues's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: EN has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-6.3%

EN

-6.5%

FR Construction

-4.3%

FR Market


1 Year Return

-19.1%

EN

-25.4%

FR Construction

-10.9%

FR Market

Return vs Industry: EN exceeded the French Construction industry which returned -25.4% over the past year.

Return vs Market: EN underperformed the French Market which returned -10.9% over the past year.


Shareholder returns

ENIndustryMarket
7 Day-6.3%-6.5%-4.3%
30 Day-14.9%-12.8%-4.3%
90 Day-3.1%-10.6%-2.2%
1 Year-14.8%-19.1%-23.4%-25.4%-8.9%-10.9%
3 Year-16.3%-27.4%-10.4%-18.4%3.0%-6.0%
5 Year15.2%-9.2%34.7%14.4%36.0%17.2%

Price Volatility Vs. Market

How volatile is Bouygues's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Bouygues undervalued compared to its fair value and its price relative to the market?

15.31x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: EN (€29.13) is trading above our estimate of fair value (€27.03)

Significantly Below Fair Value: EN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: EN is poor value based on its PE Ratio (15.3x) compared to the FR Construction industry average (15.2x).

PE vs Market: EN is good value based on its PE Ratio (15.3x) compared to the French market (16.9x).


Price to Earnings Growth Ratio

PEG Ratio: EN is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: EN is good value based on its PB Ratio (1.1x) compared to the FR Construction industry average (1.3x).


Next Steps

Future Growth

How is Bouygues forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

26.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EN's forecast earnings growth (26.3% per year) is above the savings rate (0.6%).

Earnings vs Market: EN's earnings (26.3% per year) are forecast to grow faster than the French market (24.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: EN's revenue (3.5% per year) is forecast to grow slower than the French market (6.7% per year).

High Growth Revenue: EN's revenue (3.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: EN's Return on Equity is forecast to be low in 3 years time (9.9%).


Next Steps

Past Performance

How has Bouygues performed over the past 5 years?

20.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EN has high quality earnings.

Growing Profit Margin: EN's current net profit margins (2%) are lower than last year (3.4%).


Past Earnings Growth Analysis

Earnings Trend: EN's earnings have grown significantly by 20.3% per year over the past 5 years.

Accelerating Growth: EN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: EN had negative earnings growth (-43.8%) over the past year, making it difficult to compare to the Construction industry average (-43.8%).


Return on Equity

High ROE: EN's Return on Equity (7%) is considered low.


Next Steps

Financial Health

How is Bouygues's financial position?


Financial Position Analysis

Short Term Liabilities: EN's short term assets (€21.1B) exceed its short term liabilities (€19.8B).

Long Term Liabilities: EN's short term assets (€21.1B) exceed its long term liabilities (€10.2B).


Debt to Equity History and Analysis

Debt Level: EN's debt to equity ratio (75%) is considered high.

Reducing Debt: EN's debt to equity ratio has reduced from 98.7% to 75% over the past 5 years.

Debt Coverage: EN's debt is well covered by operating cash flow (41.2%).

Interest Coverage: EN's interest payments on its debt are well covered by EBIT (4.4x coverage).


Balance Sheet


Next Steps

Dividend

What is Bouygues's current dividend yield, its reliability and sustainability?

5.84%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: EN's dividend (5.84%) is higher than the bottom 25% of dividend payers in the French market (1.56%).

High Dividend: EN's dividend (5.84%) is in the top 25% of dividend payers in the French market (5.25%)


Stability and Growth of Payments

Stable Dividend: EN's dividends per share have been stable in the past 10 years.

Growing Dividend: EN's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (89.4%), EN's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: EN's dividends in 3 years are forecast to be covered by earnings (52.2% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.2yrs

Average management tenure


CEO

Martin Bouygues (68 yo)

31yrs

Tenure

€2,517,080

Compensation

Mr. Martin Bouygues has been the Chief Executive Officer and Chairman at Bouygues SA since September 5, 1989. Mr. Bouygues is employed at Saipem s.a. He serves as Administrator/Chairman and Chief Executive ...


CEO Compensation Analysis

Compensation vs Market: Martin's total compensation ($USD2.92M) is about average for companies of similar size in the French market ($USD3.92M).

Compensation vs Earnings: Martin's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Martin Bouygues
Chairman & CEO31yrs€2.52m0.097%
€ 10.8m
Olivier Roussat
Deputy Chief Executive Officer4.08yrs€2.46mno data
Pascal Grange
Senior VP & CFO0.67yrno datano data
Karine Gruson
Investor Relations Directorno datano datano data
Arnauld Van Eeckhout
General Counsel2.25yrsno datano data
Pierre Auberger
Group Corporate Communications Directorno datano datano data
Jean-Manuel Soussan
Senior VP & Human Resources Director0.50yrno datano data
Gilles Zancanaro
Senior VP of Digital0.67yrno datano data
Emmanuel Forest
Senior Vice President of Institutional & European Affairsno datano datano data
Christophe Liénard
Group Chief Innovation Officerno datano datano data
Gilles Christian Pélisson
Chairman & CEO of TF14.58yrsno datano data
Philippe Bonnave
Chairman & CEO of Bouygues Construction5.5yrsno datano data

3.2yrs

Average Tenure

62yo

Average Age

Experienced Management: EN's management team is considered experienced (3.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Martin Bouygues
Chairman & CEO31yrs€2.52m0.097%
€ 10.8m
Gilles Christian Pélisson
Chairman & CEO of TF14.58yrsno datano data
Philippe Bonnave
Chairman & CEO of Bouygues Construction5.5yrsno datano data
Olivier Bouygues
Director36.25yrs€1.40m0.051%
€ 5.6m
Anne-Marie Idrac
Independent Director8.42yrs€60.16k0.00013%
€ 14.4k
Colette Lewiner
Independent Director10.42yrs€84.00k0.0033%
€ 369.0k
Clara Gaymard
Independent Director4.42yrs€44.80k0.00013%
€ 14.4k
Benoît Maes
Independent Director0.42yrno datano data
Rose-Marie Van Lerberghe
Independent Director7.42yrs€52.00k0.00014%
€ 15.5k
Michèle Vilain
Employee Representative Director10.42yrs€56.00kno data
Raphaëlle Deflesselle
Employee Representative Director1.42yrs€31.65kno data
Pascal Minault
Chairman of Bouygues Immobilier1.58yrsno datano data

6.5yrs

Average Tenure

65yo

Average Age

Experienced Board: EN's board of directors are considered experienced (6.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.3%.


Top Shareholders

Company Information

Bouygues SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bouygues SA
  • Ticker: EN
  • Exchange: ENXTPA
  • Founded: 1952
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: €11.082b
  • Shares outstanding: 380.42m
  • Website: https://www.bouygues.com

Number of Employees


Location

  • Bouygues SA
  • 32 Avenue Hoche
  • Paris
  • Ile-de-France
  • 75008
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BOUY.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
ENENXTPA (Euronext Paris)YesOrdinary SharesFREURJan 1992
BYGDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
0HANLSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
BYGXTRA (XETRA Trading Platform)YesOrdinary SharesDEEURJan 1992
ENPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992
ENSWX (SIX Swiss Exchange)YesOrdinary SharesCHCHFJan 1992
ENWBAG (Wiener Boerse AG)YesOrdinary SharesATEURJan 1992
BYGETLX (Eurotlx)YesOrdinary SharesITEURJan 1992
BOUY.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDDec 2008

Biography

Bouygues SA, together with its subsidiaries, operates in the construction, telecom, and media sectors in France and internationally. The company designs, builds, renovates, operates, and deconstructs build ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/27 03:18
End of Day Share Price2020/09/25 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.