Company Valuation: Bilfinger SE

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,227 1,011 1,303 1,734 3,996 2,120 - -
Change - -17.63% 28.95% 33.02% 130.51% -46.94% - -
Enterprise Value (EV) 1 843.6 1,011 1,097 1,586 3,916 1,794 1,688 1,549
Change - 19.81% 8.57% 44.5% 146.95% -54.2% -5.9% -8.22%
P/E 9.35x 38.1x 7.19x 9.66x 22.9x 11.7x 9.08x 7.99x
PBR 0.94x - 1.11x 1.33x 3.03x 1.48x 1.41x 1.34x
PEG - -0.5x 0x -9.35x -12.19x 2.9x 0.3x 0.6x
Capitalization / Revenue 0.33x 0.23x 0.29x 0.34x 0.74x 0.38x 0.36x 0.35x
EV / Revenue 0.23x 0.23x 0.24x 0.31x 0.72x 0.32x 0.29x 0.25x
EV / EBITDA 3.59x 4.23x 3.78x 4.33x 9.4x 3.95x 3.35x 2.84x
EV / EBIT 6.16x 7.22x 5.75x 5.48x 12.8x 6.48x 4.84x 3.92x
EV / FCF 15.7x 7.43x 8.99x 8.39x 11.9x 7.15x 6x 5.35x
FCF Yield 6.37% 13.5% 11.1% 11.9% 8.42% 14% 16.7% 18.7%
Dividend per Share 2 4.75 - 1.8 2.4 2.8 2.906 3.33 3.768
Rate of return 15.9% - 5.17% 5.19% 2.61% 5.06% 5.8% 6.56%
EPS 2 3.199 0.71 4.84 4.79 4.7 4.889 6.324 7.188
Distribution rate 148% - 37.2% 50.1% 59.6% 59.4% 52.6% 52.4%
Net sales 1 3,737 4,312 4,486 5,038 5,427 5,637 5,875 6,131
EBITDA 1 235 239 290.1 366.1 416.6 454.4 503.9 545.7
EBIT 1 137 140 190.8 289.4 307 276.7 348.6 395.1
Net income 1 130 28 181.5 179.5 176 173.4 228.4 261.5
Net Debt 1 -383.4 - -205.9 -147.9 -80.3 -326.8 -432.6 -571.3
Reference price 2 29.90 27.08 34.82 46.25 107.40 57.40 57.40 57.40
Nbr of stocks (in thousands) 41,037 37,324 37,429 37,484 37,209 36,940 - -
Announcement Date 2/10/22 2/14/23 2/14/24 3/3/25 3/3/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
53.3x2.46x23.5x0.07% 92.69B
12.42x1.06x5.81x4.7% 71.83B
32.4x4.07x22.07x0.21% 55.3B
25.74x1.99x19.53x1.19% 55.02B
50.08x3.98x25.3x1.89% 39.44B
26.89x0.68x11.12x2.29% 33.9B
22.26x1.52x13.99x0.21% 32.17B
21.8x0.44x6.89x2.75% 29.79B
4.93x0.31x5.78x5.96% 26.31B
Average 27.76x 1.83x 14.89x 2.14% 48.49B
Weighted average by Cap. 30.75x 2.04x 16.21x 1.88%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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