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Bouygues EN

Morningstar Rating
€37.83 −0.14 (0.37%)
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Company Report

Slight Growth in Revenue and EBITDA Expected for 2024 Supported by Backlog

Bouygues is a conglomerate with a disparate number of businesses. In its construction segment it develops big infrastructure projects such as motorways, rails, power plants, and tunnels, among other things. Despite having small margins, the construction business is usually more resilient to the cycle as infrastructure spending tends to be less affected by recessions than residential construction. Bouygues’ cost structure is highly variable so when difficult times come it can adjust its cost base rapidly (although this also prevents it from benefiting from operating leverage in times of high demand). Both Bouygues Construction and Inmobilier (residential construction) have high exposure to France, as a significant portion of their business comes from there. In 2022, Bouygues acquired Equans for EUR 7.1 billion, significantly expanding its construction business.

Price vs Fair Value

EN is trading at a 8% premium.
Price
€37.65
Fair Value
€77.00
Uncertainty
Medium
1-Star Price
€23.66
5-Star Price
€83.10
Economic Moat
Qqf
Capital Allocation
Zwbslwgmj

Bulls Say, Bears Say

Bulls

Bouygues Telecom's turnaround is an example of the company’s ability to deliver on its promises. This business should keep winning some market share in the years to come.

Bears

The conglomerate nature of the business obscures returns on investment and underlying performance, and reduces cash flow visibility.

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News

Trading Information

Previous Close Price
€37.97
Day Range
€37.8238.24
52-Week Range
€28.8338.25
Bid/Ask
€37.80 / €38.00
Market Cap
€14.28 Bil
Volume/Avg
965,487 / 846,078

Key Statistics

Price/Earnings (Normalized)
14.32
Price/Sales
0.26
Dividend Yield (Trailing)
4.76%
Dividend Yield (Forward)
5.02%
Total Yield
5.14%

Company Profile

Bouygues is a French conglomerate made up of a disparate range of assets: a construction business, a TV business, and a telecom business. It is one of the biggest construction companies in France and Europe with construction sales of around EUR 25 billion-EUR 30 billion and one of the four telecom operators in France, with both mobile and fixed operations and EUR 6 billion in revenue. It is also the owner of TF1, one of the main media and TV companies in France.
Sector
Industrials
Industry
Engineering & Construction
Stock Style Box
Large Core
Total Number of Employees
147,443

Competitors

Valuation

Metric
EN
ORAN
DG
Price/Earnings (Normalized)
14.3212.1113.67
Price/Book Value
1.170.892.41
Price/Sales
0.260.660.98
Price/Cash Flow
3.552.407.52
Price/Earnings
EN
ORAN
DG

Financial Strength

Metric
EN
ORAN
DG
Quick Ratio
0.810.710.70
Current Ratio
0.940.850.91
Interest Coverage
4.473.756.97
Quick Ratio
EN
ORAN
DG

Profitability

Metric
EN
ORAN
DG
Return on Assets (Normalized)
2.33%2.71%4.29%
Return on Equity (Normalized)
11.17%9.33%18.27%
Return on Invested Capital (Normalized)
5.71%6.56%9.34%
Return on Assets
EN
ORAN
DG
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