(EN) Bouygues - PA
Sector: Industrials | Industry: Engineering & Construction | Exchange: PA (France) | Market Cap: 19.419m EUR | Total Return: 36.5% in 12m
Avg Turnover: 48.2M
EPS Trend: 68.5%
Qual. Beats: 0
Rev. Trend: 67.0%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality
Bouygues SA is a French large-cap industrial conglomerate headquartered in Paris and founded in 1952, operating across four main sectors: construction, energies and services, telecom, and media. The group is organized into several business segments - including Colas (roads and civil infrastructure), Bouygues Construction, Bouygues Immobilier (property development), Equans (multi-technical services), Bouygues Telecom, and TF1 (media). Within construction, the company handles roadbuilding, rail infrastructure, public works (tunnels, bridges, nuclear), building renovation, and concessions, while in energies and services it covers electrical installations, HVAC, robotics, facility management, and digital/ICT services. Its telecom arm delivers mobile and fixed network services to both B2C and B2B customers, and the TF1 media segment produces and broadcasts television content across unencrypted channels (TF1, TMC, TFX, TF1 Séries Films, LCI), themed channels, the TF1+ streaming platform, and the TFOU MAX on-demand service.
Bouygues sits within the GICS Industrials sector under Construction & Engineering, reflecting its heavy infrastructure and civil works exposure, but it is structurally more diversified than a pure engineering firm, generating meaningful revenue from telecom subscriptions and media/advertising. Operating internationally alongside its core French market, the group exports construction materials and services globally, giving it a hybrid profile of cyclical infrastructure activity combined with recurring revenue streams from telecom and media.
- French public infrastructure spending lifts Colas and Bouygues Construction order book
- Bouygues Telecom faces ARPU pressure amid intense French mobile market competition
- Equans margin expansion remains key driver of group profitability
- TF1 advertising revenue tracks French consumer cycle
| Net Income: 1.20b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA -1.71 > 1.0 |
| NWC/Revenue: -3.70% < 20% (prev -4.69%; Δ 1.00% < -1%) |
| CFO/TA 0.08 > 3% & CFO 5.12b > Net Income 1.20b |
| Net Debt (11.8b) to EBITDA (5.73b): 2.06 < 3 |
| Current Ratio: 0.94 > 1.5 & < 3 |
| Outstanding Shares: last quarter (385.3m) vs 12m ago 1.25% < -2% |
| Gross Margin: 18.16% > 18% (prev 55.84%; Δ -37.68% > 0.5%) |
| Asset Turnover: 89.06% > 50% (prev 90.91%; Δ -1.85% > 0%) |
| Interest Coverage Ratio: 3.61 > 6 (EBIT TTM 2.57b / Interest Expense TTM 712.0m) |
| A: -0.03 (Total Current Assets 30.8b - Total Current Liabilities 32.9b) / Total Assets 64.1b |
| B: 0.15 (Retained Earnings 9.66b / Total Assets 64.1b) |
| C: 0.04 (EBIT TTM 2.57b / Avg Total Assets 63.4b) |
| D: 0.26 (Book Value of Equity 13.0b / Total Liabilities 49.3b) |
| Altman-Z'' = 0.83 = B |
| DSRI: 1.01 (Receivables 20.8b/20.8b, Revenue 56.5b/57.1b) |
| GMI: 3.08 (GM 55.84% / 18.16%) |
| AQI: 0.97 (AQ_t 0.32 / AQ_t-1 0.33) |
| SGI: 0.99 (Revenue 56.5b / 57.1b) |
| TATA: -0.06 (NI 1.20b - CFO 5.12b) / TA 64.1b) |
| Beneish M = -1.17 (Cap -4..+1) = D |
As of June 28, 2026, the stock is trading at EUR 49.75 with a total of 645,062 shares traded. Over the past week, the price has changed by -1.13%, over one month by -0.54%, over three months by +5.13% and over the past year by +36.54%.
Current recommended Stop Loss: 48.30 (which is 2.9% or 1.6 ATR below the current price).
Bouygues has no consensus analysts rating.
P/E Trailing = 15.9241
P/E Forward = 15.2905
P/S = 0.3438
P/B = 1.491
P/EG = 2.1243
Revenue TTM = 56.5b EUR
EBIT TTM = 2.57b EUR
EBITDA TTM = 5.73b EUR
Long Term Debt = 9.97b EUR (from longTermDebt, last quarter)
Short Term Debt = 2.33b EUR (from shortTermDebt, last quarter)
Debt = 18.5b EUR (from shortLongTermDebtTotal, last quarter) + Leases 3.36b
Net Debt = 11.8b EUR (calculated: Debt 18.5b - CCE 6.66b)
Enterprise Value = 31.2b EUR (19.4b + Debt 18.5b - CCE 6.66b)
Interest Coverage Ratio = 3.61 (Ebit TTM 2.57b / Interest Expense TTM 712.0m)
EV/FCF = 11.71x (Enterprise Value 31.2b / FCF TTM 2.67b)
FCF Yield = 8.54% (FCF TTM 2.67b / Enterprise Value 31.2b)
FCF Margin = 4.72% (FCF TTM 2.67b / Revenue TTM 56.5b)
Net Margin = 2.12% (Net Income TTM 1.20b / Revenue TTM 56.5b)
Gross Margin = 18.16% ((Revenue TTM 56.5b - Cost of Revenue TTM 46.2b) / Revenue TTM)
Gross Margin QoQ = 0.23% (prev 7.11%)
Tobins Q-Ratio = 0.49 (Enterprise Value 31.2b / Total Assets 64.1b)
Interest Expense / Debt = 3.85% (Interest Expense 712.0m / Debt 18.5b)
Taxrate = 32.19% (630.0m / 1.96b)
NOPAT = 1.74b (EBIT 2.57b * (1 - 32.19%))
Current Ratio = 0.94 (Total Current Assets 30.8b / Total Current Liabilities 32.9b)
Debt / Equity = 1.42 (Debt 18.5b / totalStockholderEquity, last quarter 13.0b)
Debt / EBITDA = 2.06 (Net Debt 11.8b / EBITDA 5.73b)
Debt / FCF = 4.43 (Net Debt 11.8b / FCF TTM 2.67b)
Total Stockholder Equity = 12.7b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.89% (Net Income 1.20b / Total Assets 64.1b)
RoE = 9.47% (Net Income TTM 1.20b / Total Stockholder Equity 12.7b)
RoCE = 11.35% (EBIT 2.57b / Capital Employed (Equity 12.7b + L.T.Debt 9.97b))
RoIC = 5.67% (NOPAT 1.74b / Invested Capital 30.7b)
WACC = 4.47% (E(19.4b)/V(37.9b) * Re(6.24%) + D(18.5b)/V(37.9b) * Rd(3.85%) * (1-Tc(0.32)))
Discount Rate = 6.24% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 67.42 | Cagr: 0.83%
[DCF] Terminal Value 73.10% ; FCFF base≈3.07b ; Y1≈2.70b ; Y5≈2.18b
[DCF] Fair Price = 60.00 (EV 35.0b - Net Debt 11.8b = Equity 23.2b / Shares 385.9m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 68.52 | EPS CAGR: 8.03% | SUE: 0.52 | # QB: 0
Revenue Correlation: 66.99 | Revenue CAGR: 1.97% | SUE: -0.25 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.81 | Chg30d=-6.90% | Revisions=-20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=1.44 | Chg30d=-2.70% | Revisions=-20% | Analysts=1
EPS current Year (2026-12-31): EPS=3.32 | Chg30d=+3.23% | Revisions=+0% | GrowthEPS=-0.1% | GrowthRev=+0.1%
EPS next Year (2027-12-31): EPS=3.88 | Chg30d=-3.47% | Revisions=-14% | GrowthEPS=+16.6% | GrowthRev=+2.2%
[Analyst] Revisions Ratio: -20%