BVI

Bureau VeritasENXTPA:BVI Stock Report

Market Cap

€12.8b

7D

-0.1%

1Y

48.4%

Updated

21 Sep, 2021

Data

Company Financials +
BVI fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance4/6
Financial Health4/6
Dividends3/6

BVI Overview

Bureau Veritas SA provides laboratory testing, inspection, and certification services.

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 is less volatile than 75% of French stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: BVI's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

-0.1%

BVI

0.8%

FR Professional Services

-0.9%

FR Market


1 Year Return

48.4%

BVI

51.8%

FR Professional Services

36.0%

FR Market

Return vs Industry: BVI exceeded the French Professional Services industry which returned 47% over the past year.

Return vs Market: BVI exceeded the French Market which returned 35.6% over the past year.


Shareholder returns

BVIIndustryMarket
7 Day-0.1%0.8%-0.9%
30 Day1.4%2.5%-2.2%
90 Day5.7%11.0%-1.4%
1 Year50.4%48.4%53.3%51.8%39.5%36.0%
3 Year30.0%24.9%69.9%64.2%30.4%18.2%
5 Year62.8%48.5%145.5%127.5%82.4%54.0%

Long-Term 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

Bureau Veritas Fundamentals Summary

How do Bureau Veritas's earnings and revenue compare to its market cap?
BVI fundamental statistics
Market Cap€12.78b
Earnings (TTM)€356.30m
Revenue (TTM)€4.82b

35.9x

P/E Ratio

2.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BVI income statement (TTM)
Revenue€4.82b
Cost of Revenue€3.33b
Gross Profit€1.49b
Expenses€1.14b
Earnings€356.30m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.79
Gross Margin30.96%
Net Profit Margin7.39%
Debt/Equity Ratio171.5%

How did BVI perform over the long term?

See historical performance and comparison

Dividends

1.3%

Current Dividend Yield

45%

Payout Ratio

Valuation

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

35.87x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BVI (€28.29) is trading above our estimate of fair value (€26.45)

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 (35.9x) compared to the French Professional Services industry average (34.5x).

PE vs Market: BVI is poor value based on its PE Ratio (35.9x) compared to the French market (20.7x).


Price to Earnings Growth Ratio

PEG Ratio: BVI is poor value based on its PEG Ratio (3.8x)


Price to Book Ratio

PB vs Industry: BVI is overvalued based on its PB Ratio (9.4x) compared to the FR Professional Services industry average (2.6x).


Future Growth

How is Bureau Veritas forecast to perform in the next 1 to 3 years based on estimates from 20 analysts?

9.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BVI's forecast earnings growth (9.5% per year) is above the savings rate (0.4%).

Earnings vs Market: BVI's earnings (9.5% per year) are forecast to grow slower than the French market (12.3% per year).

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

Revenue vs Market: BVI's revenue (5% per year) is forecast to grow slower than the French market (6.3% per year).

High Growth Revenue: BVI's revenue (5% 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 (26.4%)


Past Performance

How has Bureau Veritas performed over the past 5 years?

-4.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BVI has high quality earnings.

Growing Profit Margin: BVI's current net profit margins (7.4%) are higher than last year (3.4%).


Past Earnings Growth Analysis

Earnings Trend: BVI's earnings have declined by 4.5% per year over the past 5 years.

Accelerating Growth: BVI's earnings growth over the past year (119%) exceeds its 5-year average (-4.5% per year).

Earnings vs Industry: BVI earnings growth over the past year (119%) exceeded the Professional Services industry -17.9%.


Return on Equity

High ROE: Whilst BVI's Return on Equity (26.93%) is high, this metric is skewed due to their high level of debt.


Financial Health

How is Bureau Veritas's financial position?


Financial Position Analysis

Short Term Liabilities: BVI's short term assets (€3.0B) exceed its short term liabilities (€1.8B).

Long Term Liabilities: BVI's short term assets (€3.0B) do not cover its long term liabilities (€3.2B).


Debt to Equity History and Analysis

Debt Level: BVI's debt to equity ratio (171.5%) is considered high.

Reducing Debt: BVI's debt to equity ratio has reduced from 229.5% to 171.5% over the past 5 years.

Debt Coverage: BVI's debt is well covered by operating cash flow (31.8%).

Interest Coverage: BVI's interest payments on its debt are well covered by EBIT (8.5x coverage).


Balance Sheet


Dividend

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

1.27%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BVI's dividend (1.27%) isn’t notable compared to the bottom 25% of dividend payers in the French market (1.29%).

High Dividend: BVI's dividend (1.27%) is low compared to the top 25% of dividend payers in the French market (3.97%).


Stability and Growth of Payments

Stable Dividend: BVI's dividend payments have been volatile 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 reasonably low payout ratio (45.4%), BVI's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BVI's dividends in 3 years are forecast to be well covered by earnings (50% payout ratio).


Next Steps

Management

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

3.1yrs

Average management tenure


CEO

Didier Michaud-Daniel (63 yo)

9.5yrs

Tenure

€3,538,746

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 ($USD4.15M) is about average for companies of similar size in the French market ($USD3.34M).

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


Leadership Team

Experienced Management: BVI's management team is considered experienced (3.1 years average tenure).


Board Members

Experienced Board: BVI's board of directors are considered experienced (4.4 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: €12.779b
  • Shares outstanding: 451.71m
  • 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


Biography

Bureau Veritas SA provides laboratory testing, inspection, and certification services. It operates through six segments: Marine & Offshore; Agri-Food & Commodities; Industry; Buildings & Infrastructure; Ce...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/21 22:29
End of Day Share Price2021/09/21 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.