Bureau Veritas SA provides testing, inspection, and certification services in the areas of quality, health and safety, environmental protection, efficiency, and social responsibility.
Solid track record established dividend payer.
Share Price & News
How has Bureau Veritas's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BVI has not had significant price volatility in the past 3 months.
7 Day Return
FR Professional Services
1 Year Return
FR Professional Services
Return vs Industry: BVI underperformed the French Professional Services industry which returned 44.4% over the past year.
Return vs Market: BVI exceeded the French Market which returned 24.9% over the past year.
Price Volatility Vs. Market
How volatile is Bureau Veritas's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StBureau Veritas SA (EPA:BVI) Delivered A Better ROE Than Its Industry
2 weeks ago | Simply Wall StHow Much is Bureau Veritas SA's (EPA:BVI) CEO Getting Paid?
1 month ago | Simply Wall StShould We Worry About Bureau Veritas SA's (EPA:BVI) P/E Ratio?
Is Bureau Veritas undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BVI (€24.46) is trading above our estimate of fair value (€20.99)
Significantly Below Fair Value: BVI is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BVI is poor value based on its PE Ratio (30.2x) compared to the Professional Services industry average (17.6x).
PE vs Market: BVI is poor value based on its PE Ratio (30.2x) compared to the French market (18.1x).
Price to Earnings Growth Ratio
PEG Ratio: BVI is poor value based on its PEG Ratio (2.9x)
Price to Book Ratio
PB vs Industry: BVI is overvalued based on its PB Ratio (10.5x) compared to the FR Professional Services industry average (1.5x).
How is Bureau Veritas forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BVI's forecast earnings growth (10.5% per year) is above the savings rate (-0.1%).
Earnings vs Market: BVI's earnings (10.5% per year) are forecast to grow slower than the French market (11.7% per year).
High Growth Earnings: BVI's earnings are forecast to grow, but not significantly.
Revenue vs Market: BVI's revenue (4.2% per year) is forecast to grow slower than the French market (4.7% per year).
High Growth Revenue: BVI's revenue (4.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BVI's Return on Equity is forecast to be high in 3 years time (35.8%)
How has Bureau Veritas performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BVI has high quality earnings.
Growing Profit Margin: BVI's current net profit margins (7.2%) are higher than last year (7.1%).
Past Earnings Growth Analysis
Earnings Trend: BVI's earnings have grown by 3.2% per year over the past 5 years.
Accelerating Growth: BVI's earnings growth over the past year (7.1%) exceeds its 5-year average (3.2% per year).
Earnings vs Industry: BVI earnings growth over the past year (7.1%) exceeded the Professional Services industry 5.1%.
Return on Equity
High ROE: Whilst BVI's Return on Equity (34.38%) is high, this metric is skewed due to their high level of debt.
Return on Assets
Return on Capital Employed
How is Bureau Veritas's financial position?
Financial Position Analysis
Short Term Liabilities: BVI's short term assets (€2.6B) exceed its short term liabilities (€1.7B).
Long Term Liabilities: BVI's short term assets (€2.6B) do not cover its long term liabilities (€3.5B).
Debt to Equity History and Analysis
Debt Level: BVI's debt to equity ratio (266.2%) is considered high.
Reducing Debt: BVI's debt to equity ratio has increased from 229.4% to 266.2% over the past 5 years.
Debt Coverage: BVI's debt is well covered by operating cash flow (25.7%).
Interest Coverage: BVI's interest payments on its debt are well covered by EBIT (7.3x coverage).
Inventory Level: BVI has a low level of unsold assets or inventory.
Debt Coverage by Assets: BVI's debt is not covered by short term assets (assets are 0.9x debt).
What is Bureau Veritas's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: BVI's dividend (2.29%) is higher than the bottom 25% of dividend payers in the French market (1.46%).
High Dividend: BVI's dividend (2.29%) is low compared to the top 25% of dividend payers in the French market (4.43%).
Stability and Growth of Payments
Stable Dividend: BVI's dividends per share have been stable in the past 10 years.
Growing Dividend: BVI's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (69.1%), BVI's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BVI's dividends in 3 years are forecast to be covered by earnings (56.5% payout ratio).
What is the CEO of Bureau Veritas's salary, the management and board of directors tenure and is there insider trading?
Average management tenure
Didier Michaud-Daniel (61yo)
Mr. Didier Michaud-Daniel has been the Chief Executive Officer of Bureau Veritas SA of Wendel since March 1, 2012. Mr. Michaud-Daniel serves as Independent Member of Supervisory Board at Tarkett SAS since ...
CEO Compensation Analysis
Compensation vs Market: Didier's total compensation ($USD4.80M) is above average for companies of similar size in the French market ($USD3.59M).
Compensation vs Earnings: Didier's compensation has been consistent with company performance over the past year.
Management Age and Tenure
Experienced Management: BVI's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
Board Age and Tenure
Experienced Board: BVI's board of directors are considered experienced (3.5 years average tenure).
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Didier Michaud-Daniel (61yo)
Chief Executive Officer
- Tenure: 7.8yrs
- Compensation: €4.31m
Laurent Brunelle (45yo)
Head of Investor Relations
- Tenure: 3.6yrs
Pascal Quint (61yo)
Executive VP of Risk & Compliance
- Tenure: 1.4yrs
Executive Vice President of Group Transformation
President of Consumer Products Division
Executive Vice President of CIF - Africa
Natalia Shuman (45yo)
Executive Vice-President of CIF North America
- Tenure: 2.8yrs
Executive Vice President of Human Resources
- Tenure: 1.6yrs
Jacques Pommeraud (43yo)
Executive VP of Commodities
- Tenure: 1.7yrs
Executive VP of Finance & Group CFO
- Tenure: 1.3yrs
André François-Poncet (60yo)
Vice Chairman of the Board
- Tenure: 2yrs
- Compensation: €75.50k
Aldo Cardoso (63yo)
- Tenure: 2.8yrs
- Compensation: €347.00k
Siân Herbert-Jones (59yo)
- Tenure: 3.7yrs
- Compensation: €57.00k
Pascal Lebard (57yo)
- Tenure: 6.1yrs
- Compensation: €86.38k
Frank Piedelièvre (63yo)
- Tenure: 6.2yrs
- Compensation: €464.73k
Claude Ehlinger (55yo)
- Tenure: 3.3yrs
- Compensation: €80.50k
Stéphanie Besnier (41yo)
- Tenure: 3.3yrs
- Compensation: €59.00k
Lucia Sinapi-Thomas (55yo)
- Tenure: 6.7yrs
- Compensation: €56.75k
Ieda Gomes Yell (62yo)
- Tenure: 6.7yrs
- Compensation: €82.50k
Ana Giros Calpe (44yo)
- Tenure: 2.7yrs
- Compensation: €52.75k
Bureau Veritas SA's company bio, employee growth, exchange listings and data sources
- Name: Bureau Veritas SA
- Ticker: BVI
- Exchange: ENXTPA
- Founded: 1828
- Industry: Research and Consulting Services
- Sector: Commercial Services
- Market Cap: €11.174b
- Shares outstanding: 446.76m
- Website: https://www.bureauveritas.com
Number of Employees
- Bureau Veritas SA
- Immeuble Newtime
- 40/52 Boulevard du Parc
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|BVI||ENXTPA (Euronext Paris)||Yes||Ordinary Shares||FR||EUR||Oct 2007|
|4BV||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Oct 2007|
|0MH1||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Oct 2007|
|BVRD.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Oct 2007|
|BVIP||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||Oct 2007|
Bureau Veritas SA provides testing, inspection, and certification services in the areas of quality, health and safety, environmental protection, efficiency, and social responsibility. It operates through six segments: Marine & Offshore, Agri-Food & Commodities, Industry, Buildings & Infrastructure, Certification, and Consumer Products. The company engages in inspecting, testing, auditing, and certifying the products, assets, and management systems of its clients related to regulatory or self-imposed standards, as well as the issuance of compliance reports. It also provides laboratory and on-site testing and analyses services to determine the characteristics of a product or material; inspection services, including visual inspections and verification of documents, and manufacturing supervision, as well as electronic, electrical, mechanical, and software testing; and certification services for management systems, products, and people, as well as cross-market services. The company serves the automotive and transport, buildings and infrastructure, chemicals, commodities and agriculture, consumer products and retail, financial services and public, food, marine and offshore, oil and gas, and power and utilities markets. It operates in approximately 140 countries through a network of approximately 1,500 offices and laboratories. The company was founded in 1828 and is based in Neuilly-sur-Seine, France.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/01/21 21:23|
|End of Day Share Price||2020/01/21 00:00|
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.