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Bouygues

BATS-CHIXE:ENP
Snowflake Description

Established dividend payer and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ENP
BATS-CHIXE
€11B
Market Cap
  1. Home
  2. GB
  3. Capital Goods
Company description

Bouygues SA, together with its subsidiaries, operates in the construction, telecom, and media sectors in France and internationally. The last earnings update was 48 days ago. More info.


Add to Portfolio Compare Print
  • Bouygues has significant price volatility in the past 3 months.
ENP Share Price and Events
7 Day Returns
15.4%
BATS-CHIXE:ENP
5.4%
GB Construction
1.7%
GB Market
1 Year Returns
-16.7%
BATS-CHIXE:ENP
-30.5%
GB Construction
-21.8%
GB Market
ENP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bouygues (ENP) 15.4% -10.9% -26.1% -16.7% -24.6% -26.3%
GB Construction 5.4% -14.8% -19.7% -30.5% -55.9% -54.8%
GB Market 1.7% -12% -25.3% -21.8% -22.8% -22.4%
1 Year Return vs Industry and Market
  • ENP outperformed the Construction industry which returned -30.5% over the past year.
  • ENP outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -21.8% over the past year.
Price Volatility
ENP
Industry
5yr Volatility vs Market
Related Companies

ENP Value

 Is Bouygues 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 Bouygues 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 Bouygues.

BATS-CHIXE:ENP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 16 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.8%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

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 BATS-CHIXE:ENP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.1%
Construction Unlevered Beta Simply Wall St/ S&P Global 0.88
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.882 (1 + (1- 33%) (67.93%))
1.19
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.19
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (1.19 * 6.07%)
7.75%

Discounted Cash Flow Calculation for BATS-CHIXE:ENP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Bouygues 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.

BATS-CHIXE:ENP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.75%)
2020 924.46 Analyst x6 857.96
2021 1,138.00 Analyst x6 980.16
2022 1,361.00 Analyst x2 1,087.90
2023 1,587.00 Analyst x1 1,177.29
2024 1,621.00 Analyst x1 1,116.01
2025 1,645.66 Est @ 1.52% 1,051.48
2026 1,665.80 Est @ 1.22% 987.78
2027 1,682.72 Est @ 1.02% 926.03
2028 1,697.36 Est @ 0.87% 866.89
2029 1,710.39 Est @ 0.77% 810.71
Present value of next 10 years cash flows €9,862.00
BATS-CHIXE:ENP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €1,710.39 × (1 + 0.53%) ÷ (7.75% – 0.53%)
€23,810.35
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €23,810.35 ÷ (1 + 7.75%)10
€11,285.84
BATS-CHIXE:ENP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €9,862.00 + €11,285.84
€21,147.84
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €21,147.84 / 379.91
€55.67
BATS-CHIXE:ENP Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:ENP represents 0.96694x of ENXTPA:EN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.96694x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 55.67 x 0.96694
€53.83
Value per share (EUR) From above. €53.83
Current discount Discount to share price of €28.08
= -1 x (€28.08 - €53.83) / €53.83
47.8%

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

Current Discount
Amount off the current price Bouygues is available for.
Intrinsic value
48%
Share price is €28.08 vs Future cash flow value of €53.83
Current Discount Checks
For Bouygues to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Bouygues's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Bouygues'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 Bouygues's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bouygues's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:ENP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €3.18
ENXTPA:EN Share Price ** ENXTPA (2020-04-07) in EUR €29.04
United Kingdom of Great Britain and Northern Ireland Construction Industry PE Ratio Median Figure of 17 Publicly-Listed Construction Companies 7.79x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 748 Publicly-Listed Companies 13x

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

** Primary Listing of Bouygues.

BATS-CHIXE:ENP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 29.04 ÷ 3.18

9.14x

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

  • Bouygues is overvalued based on earnings compared to the GB Construction industry average.
  • Bouygues is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Bouygues's expected growth come at a high price?
Raw Data
BATS-CHIXE:ENP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.14x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts
5.4%per year
United Kingdom of Great Britain and Northern Ireland Construction Industry PEG Ratio Median Figure of 9 Publicly-Listed Construction Companies 0.88x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 518 Publicly-Listed Companies 1.02x

*Line of best fit is calculated by linear regression .

BATS-CHIXE:ENP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.14x ÷ 5.4%

1.7x

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

  • Bouygues is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Bouygues's assets?
Raw Data
BATS-CHIXE:ENP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €27.39
ENXTPA:EN Share Price * ENXTPA (2020-04-07) in EUR €29.04
United Kingdom of Great Britain and Northern Ireland Construction Industry PB Ratio Median Figure of 19 Publicly-Listed Construction Companies 1.09x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.13x
BATS-CHIXE:ENP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 29.04 ÷ 27.39

1.06x

* Primary Listing of Bouygues.

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

  • Bouygues is good value based on assets compared to the GB Construction industry average.
X
Value checks
We assess Bouygues'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 Construction 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 Construction industry average (and greater than 0)? (1 check)
  5. Bouygues has a total score of 4/6, 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.

ENP Future Performance

 How is Bouygues expected to perform in the next 1 to 3 years based on estimates from 16 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
5.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bouygues expected to grow at an attractive rate?
  • Bouygues's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Bouygues's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Bouygues's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:ENP Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:ENP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts 5.4%
BATS-CHIXE:ENP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 16 Analysts 1.3%
United Kingdom of Great Britain and Northern Ireland Construction Industry Earnings Growth Rate Market Cap Weighted Average 15.8%
United Kingdom of Great Britain and Northern Ireland Construction Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.6%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 2.5%

*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
BATS-CHIXE:ENP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BATS-CHIXE:ENP Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31
2023-12-31 40,160 2
2022-12-31 39,077 3,241 1,366 8
2021-12-31 38,052 3,204 1,260 13
2020-12-31 36,655 2,937 1,094 16
2020-04-08
BATS-CHIXE:ENP Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 37,929 3,373 1,184
2019-09-30 38,045 2,265 1,388
2019-06-30 37,430 1,876 1,275
2019-03-31 36,835 2,150 1,238
2018-12-31 35,555 2,583 1,308
2018-09-30 34,551 2,487 1,164
2018-06-30 33,731 2,851 1,123
2018-03-31 33,087 2,512 1,137
2017-12-31 33,073 2,059 1,082
2017-09-30 32,569 2,273 1,076
2017-06-30 32,342 2,135 980
2017-03-31 32,212 2,344 871

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bouygues's earnings are expected to grow by 5.4% yearly, however this is not considered high growth (20% yearly).
  • Bouygues's revenue is expected to grow by 1.3% 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
BATS-CHIXE:ENP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below

All data from Bouygues Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:ENP Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 3.43 3.77 3.21 7.00
2021-12-31 3.28 3.72 2.81 14.00
2020-12-31 2.70 3.57 1.05 16.00
2020-04-08
BATS-CHIXE:ENP Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 3.18
2019-09-30 3.74
2019-06-30 3.44
2019-03-31 3.33
2018-12-31 3.56
2018-09-30 3.18
2018-06-30 3.08
2018-03-31 3.23
2017-12-31 3.02
2017-09-30 3.03
2017-06-30 2.81
2017-03-31 2.47

*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.
  • Bouygues is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Bouygues'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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
Bouygues has a total score of 1/6, 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.

ENP Past Performance

  How has Bouygues 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 Bouygues's growth in the last year to its industry (Construction).
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.
  • Bouygues has delivered over 20% year on year earnings growth in the past 5 years.
  • Bouygues's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Bouygues's 1-year earnings growth is negative, it can't be compared to the GB Construction industry average.
Earnings and Revenue History
Bouygues'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 Bouygues Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:ENP Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 37,929.00 1,184.00 16,326.00
2019-09-30 38,045.00 1,388.00 16,661.00
2019-06-30 37,430.00 1,275.00 16,474.00
2019-03-31 36,835.00 1,238.00 16,286.00
2018-12-31 35,555.00 1,308.00 15,465.00
2018-09-30 34,551.00 1,164.00 15,019.00
2018-06-30 33,731.00 1,123.00 14,808.00
2018-03-31 33,087.00 1,137.00 14,593.00
2017-12-31 33,073.00 1,082.00 14,663.00
2017-09-30 32,569.00 1,076.00 14,487.00
2017-06-30 32,342.00 980.00 14,284.00
2017-03-31 32,212.00 871.00 14,170.00
2016-12-31 31,900.00 732.00 14,031.00
2016-09-30 31,837.00 414.00 13,915.00
2016-06-30 32,106.00 417.00 13,906.00
2016-03-31 32,341.00 380.00 13,895.00
2015-12-31 32,520.00 403.00 13,787.00
2015-09-30 32,840.00 429.00 13,906.00
2015-06-30 33,175.00 387.00 13,810.00
2015-03-31 33,127.00 412.00 13,675.00
2014-12-31 33,245.00 807.00 13,698.00
2014-09-30 33,352.00 -593.00 13,764.00
2014-06-30 33,290.00 -567.00 13,864.00
2014-03-31 33,407.00 -477.00 14,075.00
2013-12-31 33,217.00 -757.00 14,054.00
2013-09-30 33,142.00 617.00 14,146.00
2013-06-30 33,244.00 543.00 14,167.00

*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.
  • Bouygues has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bouygues used its assets less efficiently than the GB Construction industry average last year based on Return on Assets.
  • Bouygues has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Bouygues'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 Construction 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.
Bouygues has a total score of 2/6, 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.

ENP Health

 How is Bouygues'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 Bouygues's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bouygues's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Bouygues's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Bouygues'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.3x 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 Bouygues Company Filings, last reported 3 months ago.

BATS-CHIXE:ENP Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 11,800.00 5,808.00 3,581.00
2019-09-30 11,224.00 7,550.00 2,906.00
2019-06-30 10,571.00 8,029.00 1,825.00
2019-03-31 10,964.00 7,129.00 2,018.00
2018-12-31 11,032.00 6,551.00 2,938.00
2018-09-30 10,383.00 7,492.00 2,024.00
2018-06-30 9,947.00 7,545.00 2,517.00
2018-03-31 10,343.00 6,879.00 3,051.00
2017-12-31 10,416.00 6,737.00 4,835.00
2017-09-30 9,654.00 7,053.00 3,370.00
2017-06-30 9,173.00 7,415.00 3,171.00
2017-03-31 9,428.00 6,868.00 3,584.00
2016-12-31 9,420.00 6,615.00 4,773.00
2016-09-30 8,773.00 6,236.00 2,358.00
2016-06-30 8,415.00 6,750.00 2,396.00
2016-03-31 8,897.00 6,681.00 3,163.00
2015-12-31 9,293.00 6,348.00 3,800.00
2015-09-30 8,952.00 7,318.00 2,453.00
2015-06-30 8,732.00 8,648.00 3,461.00
2015-03-31 9,308.00 7,661.00 3,435.00
2014-12-31 9,455.00 7,356.00 4,167.00
2014-09-30 9,318.00 8,520.00 3,554.00
2014-06-30 8,952.00 8,541.00 3,389.00
2014-03-31 8,941.00 8,358.00 3,663.00
2013-12-31 8,669.00 7,961.00 3,562.00
2013-09-30 9,953.00 8,726.00 3,178.00
2013-06-30 9,617.00 8,295.00 2,600.00
  • Bouygues's level of debt (49.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (77.8% vs 49.2% today).
  • Debt is well covered by operating cash flow (58.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.4x coverage).
X
Financial health checks
We assess Bouygues'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. Bouygues has a total score of 4/6, 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.

ENP Dividends

 What is Bouygues'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
5.85%
Current annual income from Bouygues dividends. Estimated to be 6.21% next year.
If you bought €2,000 of Bouygues shares you are expected to receive €117 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?
  • Bouygues's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.51%).
  • Bouygues's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (6.87%).
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
BATS-CHIXE:ENP 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 16 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Construction Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 5.4%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 588 Stocks 5.5%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.3%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.5%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 6.9%

Industry and Market average data is calculated daily.

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

BATS-CHIXE:ENP Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 1.77 6.00
2021-12-31 1.80 13.00
2020-12-31 1.82 16.00
2020-04-08
BATS-CHIXE:ENP Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-02-20 1.700 5.672
2019-02-21 1.700 4.912
2018-02-22 1.700 4.722
2017-02-23 1.600 4.037
2016-02-24 1.600 5.270
2015-02-25 1.600 4.585
2014-02-26 1.600 5.401
2013-02-27 1.600 6.655
2012-04-12 1.600 7.874
2012-03-19 1.600 7.055
2012-02-28 1.600 6.686
2011-03-01 1.600 5.923
2010-03-02 1.600 4.767
2009-04-14 1.600 4.919

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Bouygues's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (2x coverage).
X
Income/ dividend checks
We assess Bouygues's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 Bouygues afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bouygues has a total score of 5/6, see the detailed checks below.


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

ENP Management

 What is the CEO of Bouygues'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
Martin Bouygues
COMPENSATION €2,653,522
AGE 67
TENURE AS CEO 30.6 years
CEO Bio

Mr. Martin Bouygues has been the Chief Executive Officer and Chairman at Bouygues SA since September 5, 1989. Mr. Bouygues is employed at Saipem s.a. He serves as Administrator/Chairman and Chief Executive Officer of SCDM SA and Administrator of ACTIBY. He served as Managing Director of Bouygues SA. In 1987, he served as Vice-Chairman of Bouygues' Board of Directors. He has been a Director of Bouygues SA since January 21, 1982 and Television Francaise 1 SA since September 1, 1987. He has been a Non-Independent Director of TF1 Group since September 1, 1987 until February 13, 2020 and serves as Representative Director at TF1 Group. He serves as a Director of Sodeci, CCF, CIE and Actiby. He served as a Independent Member of the Supervisory Board at Rothschild & Co SCA (formerly, Paris Orléans S.C.A.) from December 7, 2007 to November 25, 2016. He served as a Member of Advisory council at Banque de France. He served as an Independent Director of HSBC France since 2002. He served as a Member of the Supervisory Board at Paris Orleans S.A. since December 7, 2007.

CEO Compensation
  • Martin's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Martin's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Bouygues management team in years:

1.8
Average Tenure
60
Average Age
  • The average tenure for the Bouygues management team is less than 2 years, this suggests a new team.
Management Team

Martin Bouygues

TITLE
Chairman & CEO
COMPENSATION
€3M
AGE
67
TENURE
30.6 yrs

Olivier Bouygues

TITLE
Deputy CEO & Director
COMPENSATION
€1M
AGE
69
TENURE
18 yrs

Olivier Roussat

TITLE
Deputy Chief Executive Officer
COMPENSATION
€2M
AGE
55
TENURE
3.7 yrs

Pascal Grangé

TITLE
Senior VP & CFO
AGE
58
TENURE
0.3 yrs

Karine Gruson

TITLE
Investor Relations Director

Arnauld Van Eeckhout

TITLE
General Counsel
AGE
62
TENURE
1.8 yrs

Pierre Auberger

TITLE
Group Corporate Communications Director

Jean-Manuel Soussan

TITLE
Senior VP & Human Resources Director
AGE
56
TENURE
0.1 yrs

Gilles Zancanaro

TITLE
Senior VP of Digital
TENURE
0.3 yrs

Emmanuel Forest

TITLE
Senior Vice President of Institutional & European Affairs
AGE
60
Board of Directors Tenure

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

9
Average Tenure
66.5
Average Age
  • The tenure for the Bouygues board of directors is about average.
Board of Directors

Olivier Bouygues

TITLE
Deputy CEO & Director
COMPENSATION
€1M
AGE
69
TENURE
35.8 yrs

Gilles Christian Pélisson

TITLE
Chairman & CEO of TF1
AGE
62
TENURE
4.2 yrs

Philippe Bonnave

TITLE
Chairman & CEO of Bouygues Construction
AGE
66
TENURE
5.1 yrs

Pascal Minault

TITLE
Chairman of Bouygues Immobilier
AGE
56
TENURE
1.2 yrs

Martin Bouygues

TITLE
Chairman & CEO
COMPENSATION
€3M
AGE
67
TENURE
30.6 yrs

Helman le de Sécheval

TITLE
Independent Director
COMPENSATION
€62K
AGE
53
TENURE
12 yrs

Colette Lewiner

TITLE
Independent Director
COMPENSATION
€84K
AGE
74
TENURE
10 yrs

Michèle Vilain

TITLE
Employee Representative Director
COMPENSATION
€56K
AGE
58
TENURE
10 yrs

Rose-Marie Van Lerberghe

TITLE
Independent Director
COMPENSATION
€46K
AGE
72
TENURE
7 yrs

Anne-Marie Idrac

TITLE
Independent Director
COMPENSATION
€64K
AGE
68
TENURE
8 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 Bouygues'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. Bouygues 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.

ENP News

Simply Wall St News

ENP Company Info

Description

Bouygues SA, together with its subsidiaries, operates in the construction, telecom, and media sectors in France and internationally. The company designs, builds, renovates, operates, and deconstructs building, infrastructure, and industrial projects; develops urban planning, residential, and commercial projects; constructs and maintains roads and motorways, airport runways, ports, industrial logistics and commercial hubs, urban roads and amenities, external works, reserved-lane public transport facilities, leisure facilities, and environmental amenities, as well as undertakes civil engineering activities; produces and recycles construction materials; and distributes bitumen. It also engages in the construction, renewal, and maintenance of rail networks; fitting of road safety and signaling equipment; and laying and maintenance of pipes and pipelines. In addition, the company produces TF1, TMC, TFX, TF1, and LCI complementary TV channels; operates TV Breizh, Histoire, Ushuaïa, and Serieclub channels; produces, broadcasts, and distributes content; produces cinemas; operates la seine musicale entertainment and concert venue; and licenses, publishes, and boards games, as well as musical and events. Further, it offers telecom services; mobile and fixed Internet services; and Bbox Miami, an Android box for TV. Bouygues SA was founded in 1952 and is based in Paris, France.

Details
Name: Bouygues SA
ENP
Exchange: BATS-CHIXE
Founded: 1952
€11,032,580,679
379,909,803
Website: http://www.bouygues.com
Address: Bouygues SA
32 Avenue Hoche,
Paris,
Ile-de-France, 75008,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA EN Ordinary Shares Euronext Paris FR EUR 02. Jan 1992
OTCPK BOUY.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB BYG Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
XTRA BYG Ordinary Shares XETRA Trading Platform DE EUR 02. Jan 1992
LSE 0HAN Ordinary Shares London Stock Exchange GB EUR 02. Jan 1992
SWX EN Ordinary Shares SIX Swiss Exchange CH CHF 02. Jan 1992
WBAG EN Ordinary Shares Wiener Boerse AG AT EUR 02. Jan 1992
ETLX BYG Ordinary Shares Eurotlx IT EUR 02. Jan 1992
BATS-CHIXE ENP Ordinary Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
OTCPK BOUY.Y UNSPONSORD ADR Pink Sheets LLC US USD 05. Dec 2008
ENXTPA ENNV EUR1 (RFD 01/01/2020) Euronext Paris FR EUR 02. Jan 2020
Number of employees
Current staff
Staff numbers
133,197
Bouygues employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 19:42
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/07
Last earnings filing: 2020/02/20
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.