Valuation Update With 7 Day Price Move • May 20
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €89.10, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Commercial Services industry in the United Kingdom. Total returns to shareholders of 153% over the past three years. Announcement • Apr 04
Bilfinger SE announces Annual dividend, payable on May 25, 2026 Bilfinger SE announced Annual dividend of EUR 2.8000 per share payable on May 25, 2026, ex-date on May 21, 2026 and record date on May 22, 2026. Announcement • Dec 19
Bilfinger SE (XTRA:GBF) agreed to acquire Teknokon Servis & Bakim and Teknokon Endustri Tesisleri Insaat Ve Montaj Anonim Sirketi from Teknokon Makina Imalat Ve Montaj Anonim Sirketi. Bilfinger SE (XTRA:GBF) agreed to acquire Teknokon Servis & Bakim and Teknokon Endustri Tesisleri Insaat Ve Montaj Anonim Sirketi from Teknokon Makina Imalat Ve Montaj Anonim Sirketi on December 18, 2025. The transaction is subject to competition authority approval and is expected to close in the first half of 2026. Announcement • Apr 02
Bilfinger SE, Annual General Meeting, May 14, 2025 Bilfinger SE, Annual General Meeting, May 14, 2025, at 13:00 W. Europe Standard Time. Announcement • Mar 05
Bilfinger SE announces Annual dividend, payable on May 19, 2025 Bilfinger SE announced Annual dividend of EUR 2.4000 per share payable on May 19, 2025, ex-date on May 15, 2025 and record date on May 16, 2025. Announcement • Dec 18
Bilfinger SE (XTRA:GBF) agreed to acquire Rodoverken Ab from Induroc Fastighets Ab. Bilfinger SE (XTRA:GBF) agreed to acquire Rodoverken Ab from Induroc Fastighets Ab on December 13, 2024. The transaction includes both Rodoverken’s prefabrication site in Gródek, Poland, and its offices in Stenungsund, Sweden, as well as a total of around 100 employees.
For the period ending December 31, 2023, Rodoverken Ab reported total revenue of €30 million.
The transaction is subject to subject to antitrust regulations. The expected completion of the transaction is in the first quarter of 2025. Announcement • Aug 16
Bilfinger SE to Report Q2, 2025 Results on Aug 14, 2025 Bilfinger SE announced that they will report Q2, 2025 results at 12:00 PM, Central European Standard Time on Aug 14, 2025 Announcement • Aug 15
Bilfinger SE to Report Fiscal Year 2024 Results on Mar 04, 2025 Bilfinger SE announced that they will report fiscal year 2024 results on Mar 04, 2025 Reported Earnings • Feb 15
Full year 2023 earnings released: EPS: €4.75 (vs €0.71 in FY 2022) Full year 2023 results: EPS: €4.75 (up from €0.71 in FY 2022). Revenue: €8.97b (up 108% from FY 2022). Net income: €356.0m (up €327.7m from FY 2022). Profit margin: 4.0% (up from 0.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 20% p.a. on average during the next 3 years, while revenues in the Commercial Services industry in the United Kingdom are expected to grow by 6.1%. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €39.87, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 20x in the Commercial Services industry in the United Kingdom. Total returns to shareholders of 67% over the past three years. Announcement • Jan 24
Bilfinger SE to Report Q4, 2023 Results on Feb 14, 2024 Bilfinger SE announced that they will report Q4, 2023 results at 7:00 AM, Central European Standard Time on Feb 14, 2024 Announcement • Sep 07
Bilfinger SE (XTRA:GBF) agreed to acquire Stork business in Belgium, Germany, Netherlands and turbo blading manufacturing in US from Fluor Corporation (NYSE:FLR). Bilfinger SE (XTRA:GBF) agreed to acquire Stork business in Belgium, Germany, Netherlands and turbo blading manufacturing in US from Fluor Corporation (NYSE:FLR) on September 7, 2023. This transaction is subject to consultations with and advice from the representative body of the applicable works councils, consultations with the trade unions and receipt of regulatory clearances along with other customary conditions and, subject to these conditions, is expected to be completed in the first half of 2024. Lazard is the financial advisor to Fluor Corporation (NYSE:FLR) on this transaction. Reported Earnings • Feb 20
Full year 2022 earnings released: EPS: €0.71 (vs €3.02 in FY 2021) Full year 2022 results: EPS: €0.71 (down from €3.02 in FY 2021). Revenue: €4.31b (up 15% from FY 2021). Net income: €28.0m (down 77% from FY 2021). Profit margin: 0.6% (down from 3.3% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Commercial Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Feb 16
Bilfinger SE to Report First Half, 2023 Results on Aug 14, 2023 Bilfinger SE announced that they will report first half, 2023 results on Aug 14, 2023 Announcement • Jan 20
Bilfinger SE to Report Fiscal Year 2022 Results on Feb 14, 2023 Bilfinger SE announced that they will report fiscal year 2022 results at 7:00 AM, Central European Standard Time on Feb 14, 2023 Reported Earnings • Aug 12
Second quarter 2022 earnings released: EPS: €0.44 (vs €0.20 in 2Q 2021) Second quarter 2022 results: EPS: €0.44 (up from €0.20 in 2Q 2021). Revenue: €1.08b (up 10% from 2Q 2021). Net income: €18.0m (up 122% from 2Q 2021). Profit margin: 1.7% (up from 0.8% in 2Q 2021). Over the next year, revenue is forecast to stay flat compared to a 10% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment deteriorated over the past week After last week's 21% share price decline to €30.55, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 20x in the Commercial Services industry in the United Kingdom. Total returns to shareholders of 41% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €23.43 per share. Reported Earnings • May 14
First quarter 2022 earnings released: €0.15 loss per share (vs €0.27 profit in 1Q 2021) First quarter 2022 results: €0.15 loss per share (down from €0.27 profit in 1Q 2021). Revenue: €961.0m (up 15% from 1Q 2021). Net loss: €6.00m (down 155% from profit in 1Q 2021). Over the next year, revenue is forecast to grow 4.3%, compared to a 18% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 06
Upcoming dividend of €4.75 per share Eligible shareholders must have bought the stock before 12 May 2022. Payment date: 16 May 2022. Payout ratio is a comfortable 33% but the company is paying out more than the cash it is generating. Trailing yield: 2.6%. Lower than top quartile of British dividend payers (4.7%). Higher than average of industry peers (1.9%). Reported Earnings • Mar 13
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: €3.02 (up from €2.64 in FY 2020). Revenue: €3.74b (up 8.0% from FY 2020). Net income: €122.7m (up 15% from FY 2020). Profit margin: 3.3% (up from 3.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 7.3%, compared to a 9.9% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Feb 11
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: €3.03 (up from €2.64 in FY 2020). Revenue: €3.74b (up 8.0% from FY 2020). Net income: €123.0m (up 16% from FY 2020). Profit margin: 3.3% (up from 3.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 7.6%, compared to a 9.4% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 12
Third quarter 2021 earnings released: EPS €1.03 (vs €0.42 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €945.0m (up 8.6% from 3Q 2020). Net income: €42.0m (up €59.0m from 3Q 2020). Profit margin: 4.4% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 12
Second quarter 2021 earnings released: EPS €0.20 (vs €1.52 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €977.1m (up 23% from 2Q 2020). Net income: €8.10m (up €69.4m from 2Q 2020). Profit margin: 0.8% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • May 12
First quarter 2021 earnings released: EPS €0.27 (vs €0.57 loss in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: €833.0m (down 9.0% from 1Q 2020). Net income: €11.0m (up €34.0m from 1Q 2020). Profit margin: 1.3% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Mar 07
Revenue misses expectations Revenue missed analyst estimates by 0.6%. Over the next year, revenue is forecast to grow 10%, compared to a 5.0% growth forecast for the Commercial Services industry in the United Kingdom. Analyst Estimate Surprise Post Earnings • Feb 13
Revenue misses expectations Revenue missed analyst estimates by 0.6%. Over the next year, revenue is forecast to grow 11%, compared to a 4.0% growth forecast for the Commercial Services industry in the United Kingdom. Is New 90 Day High Low • Feb 05
New 90-day high: €29.94 The company is up 56% from its price of €19.18 on 06 November 2020. The British market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.15 per share. Is New 90 Day High Low • Dec 30
New 90-day high: €25.98 The company is up 68% from its price of €15.46 on 01 October 2020. The British market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €53.38 per share. Is New 90 Day High Low • Dec 08
New 90-day high: €24.40 The company is up 46% from its price of €16.72 on 09 September 2020. The British market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €16.26 per share. 