Company Valuation: Bouygues SA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 12,045 10,501 12,914 10,758 16,943 15,774 - -
Change - -12.82% 22.98% -16.69% 57.49% -6.9% - -
Enterprise Value (EV) 1 12,986 17,941 19,165 16,824 21,147 20,564 19,546 18,392
Change - 38.16% 6.82% -12.21% 25.69% -2.75% -4.95% -5.9%
P/E 10.7x 11x 12.3x 10.2x 14.9x 12.6x 10.9x 9.48x
PBR 1.08x - 1.03x 0.85x - 1.14x 1.06x 1.05x
PEG - -0.8x 1.43x 9.42x 2.32x 1.48x 0.7x 0.6x
Capitalization / Revenue 0.32x 0.24x 0.23x 0.19x 0.3x 0.28x 0.27x 0.26x
EV / Revenue 0.35x 0.4x 0.34x 0.3x 0.37x 0.36x 0.34x 0.31x
EV / EBITDA 3.54x 4.56x 4.22x 3.55x 4.13x 3.96x 3.58x 3.13x
EV / EBIT 7.67x 9.14x 8.3x 6.9x 8.28x 7.97x 7.07x 6.03x
EV / FCF 11.5x - 5.88x 6.32x 7.09x 13.6x 9.97x 8.27x
FCF Yield 8.7% - 17% 15.8% 14.1% 7.34% 10% 12.1%
Dividend per Share 2 1.8 - 1.9 2 - 2.138 2.2 2.261
Rate of return 5.72% - 5.57% 7.01% - 5.23% 5.38% 5.53%
EPS 2 2.95 2.55 2.77 2.8 2.98 3.234 3.759 4.311
Distribution rate 61% - 68.6% 71.4% - 66.1% 58.5% 52.4%
Net sales 1 37,589 44,322 56,017 56,752 56,877 56,806 58,298 60,041
EBITDA 1 3,667 3,936 4,545 4,737 5,124 5,199 5,466 5,868
EBIT 1 1,693 1,962 2,308 2,438 2,555 2,581 2,765 3,051
Net income 1 1,125 973 1,040 1,058 1,138 1,240 1,446 1,668
Net Debt 1 941 7,440 6,251 6,066 4,204 4,790 3,772 2,618
Reference price 2 31.49 28.04 34.12 28.54 44.35 40.87 40.87 40.87
Nbr of stocks (in thousands) 382,487 374,485 378,482 376,949 382,019 385,957 - -
Announcement Date 2/24/22 2/23/23 2/27/24 3/6/25 2/26/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
57.17x2.64x25.17x0.07% 99.62B
11.62x1.01x5.53x5.03% 65.88B
34.7x4.37x23.7x0.19% 59.21B
24.76x1.92x18.92x1.19% 52.66B
48.38x3.9x24.64x2% 37.76B
23.48x1.6x14.78x0.2% 33.92B
27.15x0.68x11.23x2.27% 33.56B
21.83x0.43x6.79x2.83% 28.72B
5.01x0.31x5.98x5.63% 26.71B
Average 28.23x 1.87x 15.19x 2.16% 48.67B
Weighted average by Cap. 32.22x 2.13x 16.97x 1.83%

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