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 17,067 - -
Change - -12.82% 22.98% -16.69% 57.49% 0.73% - -
Enterprise Value (EV) 1 12,986 17,941 19,165 16,824 21,147 21,751 20,602 19,493
Change - 38.16% 6.82% -12.21% 25.69% 2.86% -5.28% -5.38%
P/E 10.7x 11x 12.3x 10.2x 14.9x 13.8x 11.7x 10.2x
PBR 1.08x - 1.03x 0.85x - 1.26x 1.17x 1.16x
PEG - -0.8x 1.43x 9.42x 2.32x 1.84x 0.7x 0.7x
Capitalization / Revenue 0.32x 0.24x 0.23x 0.19x 0.3x 0.3x 0.29x 0.29x
EV / Revenue 0.35x 0.4x 0.34x 0.3x 0.37x 0.38x 0.35x 0.33x
EV / EBITDA 3.54x 4.56x 4.22x 3.55x 4.13x 4.23x 3.83x 3.44x
EV / EBIT 7.67x 9.14x 8.3x 6.9x 8.28x 8.36x 7.36x 6.39x
EV / FCF 11.5x - 5.88x 6.32x 7.09x 14.4x 10.5x 8.76x
FCF Yield 8.7% - 17% 15.8% 14.1% 6.94% 9.51% 11.4%
Dividend per Share 2 1.8 - 1.9 2 - 2.131 2.189 2.247
Rate of return 5.72% - 5.57% 7.01% - 4.82% 4.95% 5.08%
EPS 2 2.95 2.55 2.77 2.8 2.98 3.204 3.776 4.33
Distribution rate 61% - 68.6% 71.4% - 66.5% 58% 51.9%
Net sales 1 37,589 44,322 56,017 56,752 56,877 56,725 58,085 59,552
EBITDA 1 3,667 3,936 4,545 4,737 5,124 5,145 5,379 5,665
EBIT 1 1,693 1,962 2,308 2,438 2,555 2,603 2,798 3,051
Net income 1 1,125 973 1,040 1,058 1,138 1,228 1,448 1,663
Net Debt 1 941 7,440 6,251 6,066 4,204 4,684 3,535 2,426
Reference price 2 31.49 28.04 34.12 28.54 44.35 44.22 44.22 44.22
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.($)
52.99x2.43x23.19x0.07% 91.27B
12.44x1.07x5.83x4.7% 72.82B
27.08x2.07x20.37x1.13% 58.27B
31.82x3.99x21.65x0.21% 54.31B
51.97x4.18x26.57x1.71% 42.21B
29.09x0.71x11.86x2.13% 36.56B
23.84x0.49x7.69x2.47% 32.86B
22.43x1.53x14.09x0.21% 32.4B
5.38x0.33x5.06x5.36% 26.61B
Average 28.56x 1.87x 15.15x 2% 49.7B
Weighted average by Cap. 31.21x 2.04x 16.33x 1.8%

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