ENXTPA:EN

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Established dividend payer and good value.


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


Market Performance


7 Day Return

8.7%

EN

2.3%

FR Construction

2.1%

FR Market


1 Year Return

6.6%

EN

18.0%

FR Construction

10.2%

FR Market

Return vs Industry: EN underperformed the French Construction industry which returned 18% over the past year.

Return vs Market: EN underperformed the French Market which returned 10.2% over the past year.


Shareholder returns

ENIndustryMarket
7 Day8.7%2.3%2.1%
30 Day10.4%1.7%-0.7%
90 Day19.3%6.3%-0.7%
1 Year12.0%6.6%22.2%18.0%14.1%10.2%
3 Year48.7%30.2%55.1%40.6%44.6%30.6%
5 Year91.6%52.5%137.7%98.1%76.5%50.1%

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?

11.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: EN (€39.17) is trading below our estimate of fair value (€44.35)

Significantly Undervalued: EN is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: EN is good value based on its PE Ratio (11.4x) compared to the Construction industry average (13x).

PE vs Market: EN is good value based on its PE Ratio (11.4x) compared to the French market (17.2x).


Price to Earnings Growth Ratio

Low PEG Ratio: EN is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: EN is good value based on its PB Ratio (1.6x) compared to the FR Construction industry average (1.7x).


Next Steps

Future Growth

How is Bouygues forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

9.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EN's forecast earnings growth (9.3% per year) is above the savings rate (0.7%).

Earnings vs Market: EN's earnings (9.3% per year) are forecast to grow slower than the French market (11.5% per year).

High Growth Earnings: EN's earnings are forecast to grow, but not significantly.

Revenue vs Market: EN's revenue (1.9% per year) is forecast to grow slower than the French market (4.4% per year).

High Growth Revenue: EN's revenue (1.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: EN's Return on Equity is forecast to be low in 3 years time (11.6%).


Next Steps

Past Performance

How has Bouygues performed over the past 5 years?

38.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: EN has become profitable over the past 5 years, growing earnings by 38% per year.

Accelerating Growth: EN's earnings growth over the past year (13.5%) is below its 5-year average (38% per year).

Earnings vs Industry: EN earnings growth over the past year (13.5%) exceeded the Construction industry 8.1%.


Return on Equity

High ROE: EN's Return on Equity (13.6%) is considered low.


Return on Assets

ROA vs Industry: EN has a higher Return on Assets than the Construction industry average last year.


Return on Capital Employed

ROCE Improving: EN has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Bouygues's financial position?


Financial Position Analysis

Short Term Liabilities: EN's short term assets (€19.2B) do not cover its short term liabilities (€20.0B)

Long Term Liabilities: EN's short term assets (19.2B) exceeds its long term liabilities (10.0B)


Debt to Equity History and Analysis

Debt Level: EN's debt to equity ratio (76%) is considered high

Reducing Debt: EN's debt to equity ratio has reduced from 95.4% to 76% over the past 5 years.

Debt Coverage: EN's debt is well covered by operating cash flow (23.4%).

Interest Coverage: EN's interest payments on its debt are well covered by EBIT (7.8x coverage).


Balance Sheet

Inventory Level: EN has a high level of physical assets or inventory.

Debt Coverage by Assets: EN's debt is covered by short term assets (assets are 2.390450x debt).


Next Steps

Dividend

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

4.34%

Current Dividend Yield


Dividend Yield vs Market

company4.3%marketbottom25%1.6%markettop25%4.7%industryaverage3.1%forecastin3Years4.4%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: EN's dividend (4.34%) is higher than the bottom 25% of dividend payers in the French market (1.57%).

High Dividend: EN's dividend (4.34%) is low compared to the top 25% of dividend payers in the French market (4.67%).

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: With its reasonably low payout ratio (49.5%), EN's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: EN's dividends in 3 years are forecast to be well covered by earnings (49.2% payout ratio).


Next Steps

Management

What is the CEO of Bouygues's salary, the management and board of directors tenure and is there insider trading?

7.9yrs

Average management tenure


CEO

Martin Bouygues (67yo)

30.1yrs

Tenure

€2,653,522

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 ($USD2.93M) is about average for companies of similar size in the French market ($USD3.56M).

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


Management Age and Tenure

7.9yrs

Average Tenure

62yo

Average Age

Experienced Management: EN's management team is seasoned and experienced (7.9 years average tenure).


Board Age and Tenure

8.5yrs

Average Tenure

66.5yo

Average Age

Experienced Board: EN's board of directors are considered experienced (8.5 years average tenure).


Insider Trading

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


Ownership Breakdown


Management Team

  • Martin Bouygues (67yo)

    Chairman & CEO

    • Tenure: 30.1yrs
    • Compensation: €2.65m
  • Olivier Bouygues (69yo)

    Deputy CEO & Director

    • Tenure: 35.3yrs
    • Compensation: €1.48m
  • Gilles Christian Pélisson (62yo)

    Chairman & CEO of TF1

    • Tenure: 3.7yrs
  • Christophe Liénard

    Group Chief Innovation Officer

    • Tenure: 0yrs
  • Emmanuel Forest (60yo)

    Senior Vice President of Institutional & European Affairs

    • Tenure: 0yrs
  • Philippe Marien (63yo)

    Deputy CEO

    • Tenure: 12.1yrs
    • Compensation: €2.62m
  • Olivier Roussat (55yo)

    Deputy CEO

    • Tenure: 3.2yrs
    • Compensation: €1.57m
  • Pierre Auberger

    Group Corporate Communications Director

    • Tenure: 0yrs
  • Karine Gruson

    Investor Relations Director

    • Tenure: 0yrs
  • Arnauld Van Eeckhout (62yo)

    General Counsel

    • Tenure: 1.3yrs

Board Members

  • Martin Bouygues (67yo)

    Chairman & CEO

    • Tenure: 30.1yrs
    • Compensation: €2.65m
  • Olivier Bouygues (69yo)

    Deputy CEO & Director

    • Tenure: 35.3yrs
    • Compensation: €1.48m
  • Helman le de Sécheval (53yo)

    Independent Director

    • Tenure: 11.5yrs
    • Compensation: €62.40k
  • Gilles Christian Pélisson (62yo)

    Chairman & CEO of TF1

    • Tenure: 3.7yrs
  • Anne-Marie Idrac (68yo)

    Independent Director

    • Tenure: 7.5yrs
    • Compensation: €63.52k
  • Colette Lewiner (74yo)

    Independent Director

    • Tenure: 9.5yrs
    • Compensation: €84.00k
  • Philippe Bonnave (66yo)

    Chairman & CEO of Bouygues Construction

    • Tenure: 4.6yrs
  • Rose-Marie Van Lerberghe (72yo)

    Independent Director

    • Tenure: 6.5yrs
    • Compensation: €46.40k
  • Michèle Vilain (58yo)

    Director

    • Tenure: 9.5yrs
    • Compensation: €56.00k
  • Pascal Minault (56yo)

    Chairman of Bouygues Immobilier

    • Tenure: 0.7yrs

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: €14.590b
  • Shares outstanding: 372.47m
  • Website: https://www.bouygues.com

Number of Employees


Location

  • Bouygues SA
  • 32, Avenue Hoche
  • Cedex 08
  • 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
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, and operates structures and facilities; dev ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/15 20:38
End of Day Share Price2019/10/15 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.