(EN) Bouygues - Ratings and Ratios
Construction, Energy, Telecom, Media, Transport
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 4.49% |
| Yield on Cost 5y | 7.70% |
| Yield CAGR 5y | 2.82% |
| Payout Consistency | 91.3% |
| Payout Ratio | 72.7% |
| Risk via 5d forecast | |
|---|---|
| Volatility | 19.1% |
| Value at Risk 5%th | 30.3% |
| Relative Tail Risk | -3.36% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 2.31 |
| Alpha | 59.46 |
| CAGR/Max DD | 0.85 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.466 |
| Beta | 0.054 |
| Beta Downside | 0.046 |
| Drawdowns 3y | |
|---|---|
| Max DD | 23.98% |
| Mean DD | 6.26% |
| Median DD | 4.23% |
Description: EN Bouygues October 30, 2025
Bouygues SA (EN) is a diversified French conglomerate operating across construction, energy, telecom, media, and transport-infrastructure. Its activities span the full project lifecycle-from design, build, and renovation to operation and de-construction of buildings, roads, railways, airports, ports, and logistics hubs-as well as the production of construction materials (aggregates, asphalt, ready-mix concrete) and the provision of engineering services (HVAC, fire-protection, digital/ICT, robotics).
Beyond the core civil-engineering business, Bouygues owns the TF1 Group (France’s leading free-to-air broadcaster) and a portfolio of specialty TV channels, while Bouygues Telecom delivers mobile and fixed-line services. This dual exposure gives the group a blend of cyclical construction earnings and more defensive telecom/media cash-flows.
Key recent data (2023-24) that shape Bouygues’ outlook include: • Revenue of €38.5 bn, with construction contributing roughly 55 % and telecom/media the remaining 45 % (source: company filings). • Order backlog of €30 bn, indicating a multi-year pipeline that is sensitive to French public-investment plans and EU “NextGenerationEU” infrastructure funding. • Operating margin of 6.2 % in 2023, driven by cost-control in construction and higher margin telecom services; margin expansion is contingent on the rollout of 5G and the ability to monetize digital advertising on TF1’s platforms. Assumption: these figures remain representative for FY 2025; however, macro-economic uncertainty (e.g., inflation-driven cost overruns, labor shortages) could compress margins. Disconfirming evidence would be a sharp slowdown in French government spending or a regulatory setback for 5G spectrum, which would materially reduce the construction backlog and telecom growth respectively.
Given Bouygues’ mixed-business model, investors should monitor two primary drivers: the pace of European infrastructure stimulus (which fuels construction order intake) and the competitive dynamics of the French telecom market (which affect subscriber growth and ARPU).
For a deeper quantitative view of Bouygues’ valuation metrics, scenario analysis, and peer comparison, the ValueRay platform provides a concise dashboard that may help refine your investment thesis.
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income (1.05b TTM) > 0 and > 6% of Revenue (6% = 3.43b TTM) |
| FCFTA 0.06 (>2.0%) and ΔFCFTA 0.59pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -4.31% (prev -3.02%; Δ -1.29pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.09 (>3.0%) and CFO 5.71b > Net Income 1.05b (YES >=105%, WARN >=100%) |
| Net Debt (10.72b) to EBITDA (5.33b) ratio: 2.01 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.92 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (383.2m) change vs 12m ago 1.73% (target <= -2.0% for YES) |
| Gross Margin 43.68% (prev 29.48%; Δ 14.20pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 91.94% (prev 92.07%; Δ -0.13pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 3.32 (EBITDA TTM 5.33b / Interest Expense TTM 711.0m) >= 6 (WARN >= 3) |
Altman Z'' 0.73
| (A) -0.04 = (Total Current Assets 29.74b - Total Current Liabilities 32.21b) / Total Assets 62.82b |
| (B) 0.16 = Retained Earnings (Balance) 10.07b / Total Assets 62.82b |
| (C) 0.04 = EBIT TTM 2.36b / Avg Total Assets 62.16b |
| (D) 0.20 = Book Value of Equity 9.82b / Total Liabilities 48.50b |
| Total Rating: 0.73 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 68.97
| 1. Piotroski 5.0pt |
| 2. FCF Yield 13.02% |
| 3. FCF Margin 6.29% |
| 4. Debt/Equity 1.17 |
| 5. Debt/Ebitda 2.01 |
| 6. ROIC - WACC (= 3.03)% |
| 7. RoE 8.41% |
| 8. Rev. Trend 71.88% |
| 9. EPS Trend 13.66% |
What is the price of EN shares?
Over the past week, the price has changed by +1.18%, over one month by +5.90%, over three months by +19.27% and over the past year by +67.07%.
Is EN a buy, sell or hold?
What are the forecasts/targets for the EN price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 47.3 | 6.2% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 57.5 | 29.1% |
EN Fundamental Data Overview December 18, 2025
Market Cap EUR = 16.87b (16.87b EUR * 1.0 EUR.EUR)
P/E Trailing = 16.0
P/E Forward = 12.5313
P/S = 0.2951
P/B = 1.3439
P/EG = 1.4405
Beta = 0.676
Revenue TTM = 57.15b EUR
EBIT TTM = 2.36b EUR
EBITDA TTM = 5.33b EUR
Long Term Debt = 10.47b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 1.81b EUR (from shortTermDebt, last quarter)
Debt = 14.68b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 10.72b EUR (from netDebt column, last quarter)
Enterprise Value = 27.59b EUR (16.87b + Debt 14.68b - CCE 3.96b)
Interest Coverage Ratio = 3.32 (Ebit TTM 2.36b / Interest Expense TTM 711.0m)
FCF Yield = 13.02% (FCF TTM 3.59b / Enterprise Value 27.59b)
FCF Margin = 6.29% (FCF TTM 3.59b / Revenue TTM 57.15b)
Net Margin = 1.83% (Net Income TTM 1.05b / Revenue TTM 57.15b)
Gross Margin = 43.68% ((Revenue TTM 57.15b - Cost of Revenue TTM 32.19b) / Revenue TTM)
Gross Margin QoQ = 7.52% (prev 56.20%)
Tobins Q-Ratio = 0.44 (Enterprise Value 27.59b / Total Assets 62.82b)
Interest Expense / Debt = 1.14% (Interest Expense 168.0m / Debt 14.68b)
Taxrate = 31.38% (246.0m / 784.0m)
NOPAT = 1.62b (EBIT 2.36b * (1 - 31.38%))
Current Ratio = 0.92 (Total Current Assets 29.74b / Total Current Liabilities 32.21b)
Debt / Equity = 1.17 (Debt 14.68b / totalStockholderEquity, last quarter 12.55b)
Debt / EBITDA = 2.01 (Net Debt 10.72b / EBITDA 5.33b)
Debt / FCF = 2.98 (Net Debt 10.72b / FCF TTM 3.59b)
Total Stockholder Equity = 12.44b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.67% (Net Income 1.05b / Total Assets 62.82b)
RoE = 8.41% (Net Income TTM 1.05b / Total Stockholder Equity 12.44b)
RoCE = 10.32% (EBIT 2.36b / Capital Employed (Equity 12.44b + L.T.Debt 10.47b))
RoIC = 6.72% (NOPAT 1.62b / Invested Capital 24.14b)
WACC = 3.69% (E(16.87b)/V(31.54b) * Re(6.21%) + D(14.68b)/V(31.54b) * Rd(1.14%) * (1-Tc(0.31)))
Discount Rate = 6.21% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 100.0 | Cagr: 0.67%
[DCF Debug] Terminal Value 80.69% ; FCFE base≈3.42b ; Y1≈4.00b ; Y5≈6.03b
Fair Price DCF = 269.9 (DCF Value 103.46b / Shares Outstanding 383.3m; 5y FCF grow 18.03% → 3.0% )
EPS Correlation: 13.66 | EPS CAGR: 12.58% | SUE: -0.55 | # QB: 0
Revenue Correlation: 71.88 | Revenue CAGR: 11.27% | SUE: -0.06 | # QB: 0
EPS next Quarter (2026-03-31): EPS=-0.23 | Chg30d=N/A | Revisions Net=+0 | Analysts=1
EPS next Year (2026-12-31): EPS=3.60 | Chg30d=+0.036 | Revisions Net=-1 | Growth EPS=+20.2% | Growth Revenue=+1.5%