ENXTPA:BVI

Stock Analysis Report

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Executive Summary

Bureau Veritas SA provides testing, inspection, and certification services in the areas of quality, health and safety, environmental protection, efficiency, and social responsibility. More Details


Snowflake Analysis

Reasonable growth potential with adequate balance sheet.


Similar Companies

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.


Market Performance


7 Day Return

-1.4%

BVI

-3.1%

FR Professional Services

-3.8%

FR Market


1 Year Return

-17.2%

BVI

2.0%

FR Professional Services

-11.4%

FR Market

Return vs Industry: BVI underperformed the French Professional Services industry which returned 3.6% over the past year.

Return vs Market: BVI underperformed the French Market which returned -9.6% over the past year.


Shareholder returns

BVIIndustryMarket
7 Day-1.4%-3.1%-3.8%
30 Day-3.7%-0.1%1.2%
90 Day1.8%4.0%-2.2%
1 Year-17.2%-17.2%2.6%2.0%-9.5%-11.4%
3 Year-12.8%-17.2%25.4%19.7%0.7%-8.0%
5 Year0.6%-9.4%80.2%64.8%26.2%7.4%

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

Valuation

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

51.98x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BVI (€19.53) is trading above our estimate of fair value (€15.5)

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 (53.7x) compared to the FR Professional Services industry average (19.1x).

PE vs Market: BVI is poor value based on its PE Ratio (53.7x) compared to the French market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: BVI is poor value based on its PEG Ratio (2x)


Price to Book Ratio

PB vs Industry: BVI is overvalued based on its PB Ratio (7.8x) compared to the FR Professional Services industry average (1.3x).


Next Steps

Future Growth

How is Bureau Veritas forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?

25.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BVI's forecast earnings growth (26.5% per year) is above the savings rate (0.6%).

Earnings vs Market: BVI's earnings (26.5% per year) are forecast to grow faster than the French market (23.4% per year).

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

Revenue vs Market: BVI's revenue (5.1% per year) is forecast to grow slower than the French market (6.8% per year).

High Growth Revenue: BVI's revenue (5.1% 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 (26.8%)


Next Steps

Past Performance

How has Bureau Veritas performed over the past 5 years?

2.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BVI has high quality earnings.

Growing Profit Margin: BVI's current net profit margins (3.4%) are lower than last year (7.2%).


Past Earnings Growth Analysis

Earnings Trend: BVI's earnings have grown by 2.1% per year over the past 5 years.

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

Earnings vs Industry: BVI had negative earnings growth (-54%) over the past year, making it difficult to compare to the Professional Services industry average (-43.6%).


Return on Equity

High ROE: BVI's Return on Equity (15%) is considered low.


Next Steps

Financial Health

How is Bureau Veritas's financial position?


Financial Position Analysis

Short Term Liabilities: BVI's short term assets (€3.8B) exceed its short term liabilities (€2.3B).

Long Term Liabilities: BVI's short term assets (€3.8B) exceed its long term liabilities (€3.8B).


Debt to Equity History and Analysis

Debt Level: BVI's debt to equity ratio (317.4%) is considered high.

Reducing Debt: BVI's debt to equity ratio has increased from 196.2% to 317.4% over the past 5 years.

Debt Coverage: BVI's debt is well covered by operating cash flow (25.5%).

Interest Coverage: BVI's interest payments on its debt are well covered by EBIT (4.3x coverage).


Balance Sheet


Next Steps

Dividend

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

2.97%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate BVI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BVI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BVI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BVI's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: BVI is not paying a notable dividend for the French market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BVI's dividend in 3 years as they are not forecast to pay a notable one for the French market.


Next Steps

Management

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

2.4yrs

Average management tenure


CEO

Didier Michaud-Daniel (62 yo)

8.58yrs

Tenure

€4,136,785

Compensation

Mr. Didier Michaud-Daniel has been the Chief Executive Officer and Managing Director of Bureau Veritas SA of Wendel since March 1, 2012. Mr. Michaud-Daniel serves as Independent Member of Supervisory Board ...


CEO Compensation Analysis

Compensation vs Market: Didier's total compensation ($USD4.90M) is about average for companies of similar size in the French market ($USD3.99M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Didier Michaud-Daniel
Chief Executive Officer8.58yrs€4.14m0.089%
€ 7.5m
François Chabas
Executive VP of Finance & Group CFO2.08yrsno datano data
Alan Sikarskie
VP & COO0.58yrno datano data
Laurent Brunelle
Head of Investor Relations4.33yrsno datano data
Béatrice Faget
Executive Vice-President of Group Legal Affairs & Internal Audit0.17yrno datano data
Helen Bradley
EVP of Human Resources2.33yrsno datano data
Eduardo Camargo
Executive Vice President of Group Transformationno datano datano data
Juliano Cardoso
Executive Vice-President of CIF Asiano datano datano data
Natalia Shuman
Executive VP & CEO - North America3.5yrsno datano data
Jacques Pommeraud
Executive Vice President of CIF France & Africa and Government Services2.42yrsno datano data
Laurent Louail
Executive Vice President of Commodities2.42yrsno datano data
Matthieu de Tugny
Executive Vice President of Marine & Offshore Division1.75yrsno datano data

2.4yrs

Average Tenure

46yo

Average Age

Experienced Management: BVI's management team is considered experienced (2.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
André François-Poncet
Vice Chairman of the Board2.75yrs€67.00k0.00028%
€ 23.7k
Aldo Cardoso
Independent Chairman3.58yrs€348.00k0.0027%
€ 233.2k
Siân Herbert-Jones
Independent Director4.42yrs€54.50k0.00027%
€ 22.9k
Pascal Lebard
Independent Director6.83yrs€86.50k0.00027%
€ 22.9k
Frédéric Sanchez
Independent Director1.42yrs€16.28k0.00027%
€ 22.9k
Frank Piedelièvre
Honorary Chairman6.92yrs€464.73kno data
Philippe Lazare
Independent Director2yrs€45.77k0.00046%
€ 39.0k
Claude Ehlinger
Director4yrs€56.43k0.00027%
€ 22.9k
Stéphanie Besnier
Director4yrs€54.50k0.00027%
€ 22.9k
Lucia Sinapi-Thomas
Independent Director6.42yrs€50.25k0.00045%
€ 38.2k
Ieda Gomes Yell
Independent Director7.42yrs€63.23k0.00027%
€ 22.9k
Ana Giros Calpe
Independent Director3.42yrs€52.50k0.00027%
€ 22.9k

4.0yrs

Average Tenure

60yo

Average Age

Experienced Board: BVI's board of directors are considered experienced (4 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Bureau Veritas SA
  • Ticker: BVI
  • Exchange: ENXTPA
  • Founded: 1828
  • Industry: Research and Consulting Services
  • Sector: Commercial Services
  • Market Cap: €8.480b
  • Shares outstanding: 448.92m
  • Website: https://www.bureauveritas.com

Number of Employees


Location

  • Bureau Veritas SA
  • Immeuble Newtime
  • 40/52 Boulevard du Parc
  • Neuilly-sur-Seine
  • Ile-de-France
  • 92200
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BVIENXTPA (Euronext Paris)YesOrdinary SharesFREUROct 2007
4BVDB (Deutsche Boerse AG)YesOrdinary SharesDEEUROct 2007
0MH1LSE (London Stock Exchange)YesOrdinary SharesGBEUROct 2007
BVRD.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDOct 2007
BVIPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEUROct 2007
BVIWBAG (Wiener Boerse AG)YesOrdinary SharesATEUROct 2007

Biography

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 s ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/28 21:19
End of Day Share Price2020/10/28 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.