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.
7 Day Return
FR Professional Services
1 Year Return
FR Professional Services
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.
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
1 week ago | Simply Wall StShould You Think About Buying Bureau Veritas SA (EPA:BVI) Now?
3 weeks ago | Simply Wall StBureau Veritas (EPA:BVI) shareholders have earned a 49% return over the last year
1 month ago | Simply Wall StBureau Veritas (EPA:BVI) Will Want To Turn Around Its Return Trends
Bureau Veritas Fundamentals Summary
|BVI fundamental statistics|
Is BVI overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|BVI income statement (TTM)|
|Cost of Revenue||€3.33b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.79|
|Net Profit Margin||7.39%|
How did BVI perform over the long term?See historical performance and comparison
1.3%Current Dividend Yield
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 (€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).
How is Bureau Veritas forecast to perform in the next 1 to 3 years based on estimates from 20 analysts?
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%)
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 (7.4%) 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.
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).
What is Bureau Veritas's current dividend yield, its reliability and sustainability?
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).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Didier Michaud-Daniel (63 yo)
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.
Experienced Management: BVI's management team is considered experienced (3.1 years average tenure).
Experienced Board: BVI's board of directors are considered experienced (4.4 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
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: €12.779b
- Shares outstanding: 451.71m
- Website: https://www.bureauveritas.com
Number of Employees
- Bureau Veritas SA
- Immeuble Newtime
- 40/52 Boulevard du Parc
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
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/21 22:29|
|End of Day Share Price||2021/09/21 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.