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Bollore

DB:BOP
Snowflake Description

Average dividend payer and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BOP
DB
€12B
Market Cap
  1. Home
  2. DE
  3. Transportation
Company description

Bolloré engages in the transportation and logistics, communications, and electricity storage solutions businesses in France, other European countries, Africa, the Americas, the Asia-Pacific, and internationally. The last earnings update was 54 days ago. More info.


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BOP Share Price and Events
7 Day Returns
-2.2%
DB:BOP
-0%
Europe Logistics
-0.5%
DE Market
1 Year Returns
3.8%
DB:BOP
19.4%
Europe Logistics
12.2%
DE Market
BOP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bollore (BOP) -2.2% 5.4% 1.9% 3.8% 31.9% 0.4%
Europe Logistics -0% 9.7% 12.5% 19.4% 26.3% 35.2%
DE Market -0.5% 4.4% 11.1% 12.2% 13.8% 16.6%
1 Year Return vs Industry and Market
  • BOP underperformed the Logistics industry which returned 19.4% over the past year.
  • BOP underperformed the Market in Germany which returned 12.2% over the past year.
Price Volatility
BOP
Industry
5yr Volatility vs Market

BOP Value

 Is Bollore undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Bollore to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Bollore.

DB:BOP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:BOP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Logistics Unlevered Beta Simply Wall St/ S&P Global 1
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.996 (1 + (1- 33%) (106.28%))
1.472
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.47
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.472 * 6.65%)
10.02%

Discounted Cash Flow Calculation for DB:BOP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Bollore is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:BOP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 10.02%)
2020 1,531.00 Analyst x3 1,391.57
2021 2,100.10 Analyst x1 1,735.00
2022 2,525.73 Est @ 20.27% 1,896.61
2023 2,885.78 Est @ 14.26% 1,969.63
2024 3,175.72 Est @ 10.05% 1,970.13
2025 3,401.25 Est @ 7.1% 1,917.87
2026 3,572.65 Est @ 5.04% 1,831.06
2027 3,701.12 Est @ 3.6% 1,724.15
2028 3,796.82 Est @ 2.59% 1,607.65
2029 3,868.13 Est @ 1.88% 1,488.69
Present value of next 10 years cash flows €17,532.00
DB:BOP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €3,868.13 × (1 + 0.23%) ÷ (10.02% – 0.23%)
€39,595.10
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €39,595.10 ÷ (1 + 10.02%)10
€15,238.60
DB:BOP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €17,532.00 + €15,238.60
€32,770.60
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €32,770.60 / 2,926.18
€11.2
DB:BOP Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:BOP represents 0.99696x of ENXTPA:BOL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99696x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 11.20 x 0.99696
€11.17
Value per share (EUR) From above. €11.17
Current discount Discount to share price of €3.93
= -1 x (€3.93 - €11.17) / €11.17
64.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Bollore is available for.
Intrinsic value
>50%
Share price is €3.93 vs Future cash flow value of €11.17
Current Discount Checks
For Bollore to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Bollore's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Bollore's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Bollore's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bollore's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:BOP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €0.10
ENXTPA:BOL Share Price ** ENXTPA (2019-11-20) in EUR €3.94
Europe Logistics Industry PE Ratio Median Figure of 24 Publicly-Listed Logistics Companies 16.43x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 19.86x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Bollore.

DB:BOP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTPA:BOL Share Price ÷ EPS (both in EUR)

= 3.94 ÷ 0.10

40.06x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bollore is overvalued based on earnings compared to the Europe Logistics industry average.
  • Bollore is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Bollore's expected growth come at a high price?
Raw Data
DB:BOP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 40.06x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
20.3%per year
Europe Logistics Industry PEG Ratio Median Figure of 14 Publicly-Listed Logistics Companies 1.74x
Germany Market PEG Ratio Median Figure of 259 Publicly-Listed Companies 1.37x

*Line of best fit is calculated by linear regression .

DB:BOP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 40.06x ÷ 20.3%

1.97x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bollore is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Bollore's assets?
Raw Data
DB:BOP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €3.20
ENXTPA:BOL Share Price * ENXTPA (2019-11-20) in EUR €3.94
Europe Logistics Industry PB Ratio Median Figure of 28 Publicly-Listed Logistics Companies 2.51x
Germany Market PB Ratio Median Figure of 578 Publicly-Listed Companies 1.87x
DB:BOP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:BOL Share Price ÷ Book Value per Share (both in EUR)

= 3.94 ÷ 3.20

1.23x

* Primary Listing of Bollore.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bollore is good value based on assets compared to the Europe Logistics industry average.
X
Value checks
We assess Bollore's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Logistics industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Logistics industry average (and greater than 0)? (1 check)
  5. Bollore has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

BOP Future Performance

 How is Bollore expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
20.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bollore expected to grow at an attractive rate?
  • Bollore's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Bollore's earnings growth is expected to exceed the Germany market average.
  • Bollore's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:BOP Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:BOP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 20.3%
DB:BOP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 3.2%
Europe Logistics Industry Earnings Growth Rate Market Cap Weighted Average 12.7%
Europe Logistics Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.9%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:BOP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:BOP Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 25,772 3,080 539 3
2020-12-31 25,202 2,475 483 6
2019-12-31 24,240 2,428 401 6
2019-11-20
DB:BOP Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 23,923 1,951 287
2019-03-31 23,474 1,975 261
2018-12-31 23,024 1,999 235
2018-09-30 22,607 2,016 349
2018-06-30 22,177 2,033 462
2018-03-31 20,257 2,050 579
2017-12-31 18,337 2,067 695
2017-09-30 15,251 1,601 561
2017-06-30 12,164 1,135 427
2017-03-31 11,120 1,121 434
2016-12-31 10,076 1,107 440
2016-09-30 10,255 1,145 438

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bollore's earnings are expected to grow significantly at over 20% yearly.
  • Bollore's revenue is expected to grow by 3.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:BOP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Bollore Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:BOP Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.17 0.19 0.13 3.00
2020-12-31 0.13 0.17 0.08 4.00
2019-12-31 0.11 0.15 0.07 4.00
2019-11-20
DB:BOP Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 0.10
2019-03-31 0.09
2018-12-31 0.08
2018-09-30 0.12
2018-06-30 0.16
2018-03-31 0.20
2017-12-31 0.24
2017-09-30 0.19
2017-06-30 0.15
2017-03-31 0.15
2016-12-31 0.15
2016-09-30 0.15

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Bollore is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Bollore's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Bollore has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

BOP Past Performance

  How has Bollore performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Bollore's growth in the last year to its industry (Logistics).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Bollore's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Bollore's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Bollore's 1-year earnings growth is negative, it can't be compared to the Europe Logistics industry average.
Earnings and Revenue History
Bollore's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Bollore Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:BOP Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 23,922.70 287.40 5,022.60
2019-03-31 23,473.55 261.40 5,021.85
2018-12-31 23,024.40 235.40 5,021.10
2018-09-30 22,607.15 348.80 4,978.00
2018-06-30 22,177.40 462.20 4,934.90
2018-03-31 20,257.30 578.55 4,652.25
2017-12-31 18,337.20 694.90 4,369.60
2017-09-30 15,250.55 561.00 3,893.95
2017-06-30 12,163.90 427.10 3,418.30
2017-03-31 11,119.75 433.55 3,233.70
2016-12-31 10,075.60 440.00 3,049.10
2016-09-30 10,254.50 437.50 3,040.10
2016-06-30 10,433.40 435.00 3,031.10
2016-03-31 10,628.70 499.60 3,008.90
2015-12-31 10,824.00 564.20 2,986.70
2015-06-30 10,856.79 552.32 2,856.33
2015-03-31 10,730.25 381.16 2,770.41
2014-12-31 10,603.70 210.00 2,684.50
2014-09-30 10,586.75 228.83 2,650.08
2014-06-30 10,569.76 248.23 2,622.26
2014-03-31 10,709.13 256.68 2,609.50
2013-12-31 10,848.49 265.14 2,596.74
2013-06-30 10,795.62 703.38 2,401.84
2013-03-31 10,452.50 682.05 2,098.12
2012-12-31 10,109.38 660.73 1,794.39

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Bollore has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bollore used its assets less efficiently than the Europe Logistics industry average last year based on Return on Assets.
  • Bollore's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Bollore's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Logistics industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Bollore has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

BOP Health

 How is Bollore's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Bollore's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bollore's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Bollore's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Bollore's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Bollore Company Filings, last reported 4 months ago.

DB:BOP Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 26,620.90 12,265.40 5,171.70
2019-03-31 26,620.90 12,265.40 5,171.70
2018-12-31 28,203.80 10,281.70 5,865.40
2018-09-30 28,203.80 10,281.70 5,865.40
2018-06-30 28,507.80 9,643.60 4,823.60
2018-03-31 28,507.80 9,643.60 4,823.60
2017-12-31 31,091.00 8,015.10 3,174.60
2017-09-30 31,091.00 8,015.10 3,174.60
2017-06-30 31,146.00 9,386.70 4,960.10
2017-03-31 31,146.00 9,386.70 4,960.10
2016-12-31 10,280.70 5,616.70 1,357.90
2016-09-30 10,280.70 5,616.70 1,357.90
2016-06-30 9,816.50 5,646.50 1,404.10
2016-03-31 9,816.50 5,646.50 1,404.10
2015-12-31 11,284.70 5,827.10 1,546.40
2015-06-30 12,064.87 5,269.05 935.48
2015-03-31 12,064.87 5,269.05 935.48
2014-12-31 9,707.30 3,255.60 1,381.90
2014-09-30 9,806.41 3,350.28 1,381.95
2014-06-30 10,452.86 3,325.80 1,453.29
2014-03-31 10,452.86 3,325.80 1,453.29
2013-12-31 9,315.52 3,374.06 1,579.38
2013-06-30 7,776.34 3,272.85 1,262.34
2013-03-31 7,776.34 3,272.85 1,262.34
2012-12-31 7,264.66 3,056.38 1,103.61
  • Bollore's level of debt (46.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (31.8% vs 46.1% today).
  • Debt is not well covered by operating cash flow (15.9%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 9.8x coverage).
X
Financial health checks
We assess Bollore's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Bollore has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

BOP Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.52%
Current annual income from Bollore dividends. Estimated to be 1.59% next year.
If you bought €2,000 of Bollore shares you are expected to receive €30 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Bollore's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.35%).
  • Bollore's dividend is below the markets top 25% of dividend payers in Germany (3.7%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:BOP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
Europe Logistics Industry Average Dividend Yield Market Cap Weighted Average of 19 Stocks 2.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 335 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:BOP Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.06 3.00
2020-12-31 0.06 6.00
2019-12-31 0.06 6.00
2019-11-20
DB:BOP Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-09-12 0.060 1.570
2019-03-14 0.060 1.508
2018-04-27 0.060 1.562
2018-03-22 0.060 1.379
2017-09-01 0.060 1.381
2017-06-01 0.060 1.505
2016-04-29 0.060 1.806
2016-03-24 0.060 1.734
2015-04-30 0.060 1.377
2015-03-19 0.060 1.197
2014-04-30 0.031 0.718
2014-03-21 0.031 0.688
2013-04-30 0.031 0.828
2013-03-22 0.031 1.043
2012-04-27 0.033 1.555
2012-03-23 0.033 2.046
2011-04-18 0.030 1.851
2011-03-15 0.030 1.844
2010-09-28 0.040 2.463
2010-03-26 0.013 0.965
2009-12-31 0.013 1.114
2009-06-05 0.011 0.994
2009-04-30 0.011 1.108

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Bollore's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
X
Income/ dividend checks
We assess Bollore's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Bollore afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bollore has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

BOP Management

 What is the CEO of Bollore's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Cyrille Bolloré
COMPENSATION €3,230,251
AGE 34
TENURE AS CEO 0.7 years
CEO Bio

Mr. Cyrille Bolloré has been Manager of Supplies and Logistics at BOLLORE ENERGIE S.A.S. since December 2008. Mr. Bolloré serves as Vice President of the Board at Financière de l'Odet SA. Mr. Bolloré has been Member of the Supervisory Board at Vivendi SA since April 2019. He was Chief Executive Officer of La Société Industrielle et Financière de l'Artois. He has been the Chairman and Chief Executive Officer at Bollore since March 14, 2019. He was Vice Chairman and Managing Director of Bollore since August 31, 2012 until March, 2019 and served as its Chief Executive Officer. Mr. Bolloré served as Deputy Chief Executive Officer at Bollore since June 5, 2013. He serves as President of BlueElec. He has been Acting Chief Executive Officer of Bolloré SA since June 05, 2013 and serves as its Managing Director. Mr. Bolloré serves as Head of Procurement and Logistics for Bolloré Énergie. He serves as a Member of The Management Board at SOCIÉTÉ DES PIPELINES DE STRASBOURG SARL. Mr. Bolloré served as a Deputy Manager of Supplies and Logistics of Bolloré Énergie from November 2007 to December 2008. He serves as Chairman of the Board at Société Française Donges-Metz (SFDM). He served as Chairman of the Supervisory Board at Compagnie du Cambodge since June 05, 2013 and as its Member of Supervisory Board and serves as Chairman of the Management Board. He serves as the Chairman of the Supervisory Board of Sofibol. He serves as the Chairman and CEO of Bolloré Transport & Logistics. He served as Chairman of SDV Logistique Internationale SAS and BOLLORÉ ÉNERGIE. He has been Acting Vice Chairman of Bolloré SA since August 31, 2012. He serves as Director of BOLLORE ENERGIE S.A.S. He serves on the board of SAGESS – Public Limited Company for The Management of Strategic Petroleum Reserves and LA CHARBONNIÈRE. He has been a Director of Blue Solutions Societe anonyme since August 30, 2013. He has been a Director of Financiere de l'Odet since June 10, 2010. He has been a Director at Bollore since June 10, 2009. He has been Director of Bolloré Énergie since December 2008. He serves as a Director of Financiere Moncey SA. He has been a Director of Bolloré S.A. since June 10, 2009. He serves as a Director of La Société Industrielle et Financière de l'Artois. He serves as Director at Bolloré Participations, Financiere V, Les Combustibles de Normandie S.A., Omnium Bolloré, Sofibol, CICA SA, Satram Huiles SA. He serves as a Director of CIPCH BV, Plantations des Terres Rouges, Nord-Sumatra Investissements, SFA SA, Financière du Champ de Mars, Financière V, Financière de l’Odet and Trapil. He served as a Director of Société Anonyme de Gestion de Stocks de Sécurité. Mr. Bolloré is a Graduate of the university of Paris-IX Dauphine (Master (Msc) of Management and Economics – Major in Finance). He serves as a Director of Socfinasia S.A. since 2019.

CEO Compensation
  • Cyrille's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Cyrille's remuneration is about average for companies of similar size in Germany.
Management Team

Cyrille Bolloré

TITLE
Chairman & CEO
COMPENSATION
€3M
AGE
34
TENURE
0.7 yrs

Emmanuel Fossorier

TITLE
Director of Financial Communications

Xavier Roy

TITLE
Director Investor Relations

Jean-Christophe Thiery

TITLE
President of Bollore Media
Board of Directors Tenure

Average tenure and age of the Bollore board of directors in years:

8.9
Average Tenure
54
Average Age
  • The tenure for the Bollore board of directors is about average.
Board of Directors

Cyrille Bolloré

TITLE
Chairman & CEO
COMPENSATION
€3M
AGE
34
TENURE
0.7 yrs

Cédric de Bailliencourt

TITLE
Vice-Chairman
COMPENSATION
€977K
AGE
50
TENURE
7.3 yrs

Yannick Bolloré

TITLE
Vice-Chairman
COMPENSATION
€866K
AGE
39
TENURE
6.4 yrs

François Thomazeau

TITLE
Independent Director
COMPENSATION
€44K
AGE
70
TENURE
12.7 yrs

Martine Studer

TITLE
Independent Director
COMPENSATION
€135K
AGE
58
TENURE
8.4 yrs

Olivier Roussel

TITLE
Independent Director
COMPENSATION
€64K
AGE
72
TENURE
21.4 yrs

Hubert Fabri

TITLE
Independent Director
COMPENSATION
€1M
AGE
67
TENURE
13.4 yrs

Gilles Alix

TITLE
Director
COMPENSATION
€2M
AGE
61
TENURE
27.4 yrs

Marie Bolloré

TITLE
Director
COMPENSATION
€307K
AGE
31
TENURE
8.4 yrs

Sébastien Bolloré

TITLE
Director
COMPENSATION
€931K
AGE
41
TENURE
9.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Bollore's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Bollore has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

BOP News

Simply Wall St News

BOP Company Info

Description

Bolloré engages in the transportation and logistics, communications, and electricity storage solutions businesses in France, other European countries, Africa, the Americas, the Asia-Pacific, and internationally. It operates through Transportation and Logistics, Oil Logistics, Communication, and Electricity Storage and Solutions segments. The company offers freight forwarding, railroad, and port services; distributes domestic fuel-oil; and operates oil pipelines and warehouses. It also provides advertising, and digital and communication consulting services; owns and publishes Cnews, a French daily newspaper; provides high speed Wi-Fi network; and operates Mac-Mahon cinema theaters. In addition, it engages in the recorded music, music publishing, and merchandising activities; production, sale, and distribution of movies and TV series; publishing fiction, children’s, non-fiction, graphic and illustrated, and educational and reference books; and operation of mobile video games. Further, it designs and produces electric batteries based on Lithium Metal Polymer technology; electric batteries for application in electric cars, car sharing, and buses, as well as stationary applications; electricity storage solutions, including charging terminals, IT systems for car sharing, etc.; films for capacitors; and shrink-wrap packaging films. Additionally, the company designs, products, and markets solutions for passenger air and rail transport networks; integrates identification, tracking, and mobility solutions for logistics contractors, industry, and transport; develops terminals, electric charging points, and identification and geolocalization systems; operates shuttles; offers Bluecar electric vehicles and digital transformation solutions; and develops, deploys, and operates point-to-point car sharing solutions. The company was founded in 1822 and is headquartered in Puteaux, France. Bolloré is a subsidiary of Financière de l'Odet SA.

Details
Name: Bollore
BOP
Exchange: DB
Founded: 1822
€11,540,845,795
2,926,177,940
Website: http://www.bollore.com
Address: Bollore
31-32, quai de Dion-Bouton,
Puteaux Cedex,
Puteaux,
Ile-de-France, 92811,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA BOL Ordinary Shares Euronext Paris FR EUR 02. Jan 1992
OTCPK BOIV.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB BOP Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0IXZ Ordinary Shares London Stock Exchange GB EUR 02. Jan 1992
BMV BOL N Ordinary Shares Bolsa Mexicana de Valores MX MXN 02. Jan 1992
BATS-CHIXE BOLP Ordinary Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
79,857
Bollore employees.
Industry
Air Freight and Logistics
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/20 20:56
End of day share price update: 2019/11/20 00:00
Last estimates confirmation: 2019/10/29
Last earnings filing: 2019/09/27
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.