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 16,596 - -
Change - -12.82% 22.98% -16.69% 57.49% -2.04% - -
Enterprise Value (EV) 1 12,986 17,941 19,165 16,824 21,147 21,121 20,127 19,214
Change - 38.16% 6.82% -12.21% 25.69% -0.12% -4.71% -4.53%
P/E 10.7x 11x 12.3x 10.2x 14.9x 13.3x 11.4x 9.92x
PBR 1.08x - 1.03x 0.85x - 1.2x 1.12x 1.1x
PEG - -0.8x 1.43x 9.42x 2.32x 1.55x 0.7x 0.7x
Capitalization / Revenue 0.32x 0.24x 0.23x 0.19x 0.3x 0.29x 0.28x 0.28x
EV / Revenue 0.35x 0.4x 0.34x 0.3x 0.37x 0.37x 0.34x 0.32x
EV / EBITDA 3.54x 4.56x 4.22x 3.55x 4.13x 4.12x 3.72x 3.33x
EV / EBIT 7.67x 9.14x 8.3x 6.9x 8.28x 8.1x 7.18x 6.3x
EV / FCF 11.5x - 5.88x 6.32x 7.09x 14x 10.3x 8.63x
FCF Yield 8.7% - 17% 15.8% 14.1% 7.15% 9.74% 11.6%
Dividend per Share 2 1.8 - 1.9 2 - 2.131 2.189 2.247
Rate of return 5.72% - 5.57% 7.01% - 4.96% 5.09% 5.23%
EPS 2 2.95 2.55 2.77 2.8 2.98 3.236 3.785 4.334
Distribution rate 61% - 68.6% 71.4% - 65.9% 57.8% 51.8%
Net sales 1 37,589 44,322 56,017 56,752 56,877 56,822 58,357 59,820
EBITDA 1 3,667 3,936 4,545 4,737 5,124 5,131 5,407 5,767
EBIT 1 1,693 1,962 2,308 2,438 2,555 2,608 2,803 3,051
Net income 1 1,125 973 1,040 1,058 1,138 1,241 1,456 1,668
Net Debt 1 941 7,440 6,251 6,066 4,204 4,525 3,531 2,618
Reference price 2 31.49 28.04 34.12 28.54 44.35 43.00 43.00 43.00
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.($)
56.12x2.59x24.69x0.07% 97.59B
12.25x1.05x5.75x4.77% 70.29B
34.15x4.3x23.32x0.2% 58.29B
26.07x2.01x19.74x1.13% 55.68B
50.74x4.04x25.56x1.91% 39.91B
27.22x0.68x11.26x2.27% 34.06B
23.27x1.59x14.65x0.2% 33.62B
21.85x0.44x6.92x2.78% 29.56B
4.92x0.31x5.78x5.98% 26.22B
Average 28.51x 1.89x 15.30x 2.15% 49.47B
Weighted average by Cap. 32.09x 2.13x 16.90x 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