GBF Stock Analysis: Bilfinger SE | XETRA
Engineering & Construction | XETRA, Germany | Market Cap: 2.752m EUR | 12M Return: -15.5% | DE0005909006 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 7.62M
EPS Trend: 94.8%
Qual. Beats: 0
Rev. Trend: 98.2%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Bilfinger SE is an industrial services provider headquartered in Mannheim, Germany, that has been operating since 1880. The company primarily serves the process industry across Europe, North America, and the Middle East, and is listed on XETRA under the ticker GBF.
The business is organized into three segments: Engineering & Maintenance Europe, Engineering & Maintenance International, and Technologies. Its service offering spans engineering, project execution, maintenance, turnarounds, rotating equipment, inspection, insulation, scaffolding, corrosion protection, mechanical, electrical, instrumentation and control work, digital services, and the decommissioning of nuclear power plants.
Bilfinger serves customers in the energy, chemicals and petrochemicals, pharma and biopharma, and oil and gas industries. It is also expanding into growth fields such as battery production, district heating and waste heat recovery, hydropower, waste recycling and wastewater treatment, hydrogen, carbon capture and storage, wind power, biogas, and environmental technology.
Within the industrials sector and the Construction & Engineering sub-industry, Bilfinger operates as a multi-disciplinary engineering and maintenance contractor, with revenue tied largely to the capex and maintenance cycles of process industry clients rather than pure construction activity. Its combination of recurring maintenance work and capital-project services is characteristic of the European industrial services model, which often carries multi-year framework contracts with major energy and chemical operators.
- Energy transition backlog grows across hydrogen and carbon capture services
- Middle East expansion accelerates Engineering & Maintenance International revenue
- European plant turnaround volumes and margins remain under pressure
| Net Income: 187.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA -2.25 > 1.0 |
| NWC/Revenue: 6.30% < 20% (prev 6.67%; Δ -0.37% < -1%) |
| CFO/TA 0.08 > 3% & CFO 275.0m > Net Income 187.6m |
| Net Debt (186.6m) to EBITDA (421.6m): 0.44 < 3 |
| Current Ratio: 1.21 > 1.5 & < 3 |
| Outstanding Shares: last quarter (36.9m) vs 12m ago -1.61% < -2% |
| Gross Margin: 11.08% > 18% (prev 11.25%; Δ -0.17% > 0.5%) |
| Asset Turnover: 159.6% > 50% (prev 152.2%; Δ 7.46% > 0%) |
| Interest Coverage Ratio: 8.87 > 6 (EBIT TTM 278.4m / Interest Expense TTM 31.4m) |
| A: 0.10 (Total Current Assets 2.04b - Total Current Liabilities 1.69b) / Total Assets 3.52b |
| B: 0.14 (Retained Earnings 496.2m / Total Assets 3.52b) |
| C: 0.08 (EBIT TTM 278.4m / Avg Total Assets 3.49b) |
| D: 0.62 (Book Value of Equity 1.34b / Total Liabilities 2.16b) |
| Altman-Z'' = 2.30 = BBB |
| DSRI: 0.10 (Receivables 27.4m/1.39b, Revenue 5.57b/5.27b) |
| GMI: 1.02 (GM 11.25% / 11.08%) |
| AQI: 1.04 (AQ_t 0.28 / AQ_t-1 0.27) |
| SGI: 1.06 (Revenue 5.57b / 5.27b) |
| TATA: -0.02 (NI 187.6m - CFO 275.0m) / TA 3.52b) |
| Beneish M = -3.69 (Cap -4..+1) = AAA |
As of August 24, 2026, the stock is trading at EUR 75.20 with a total of 77,214 shares traded. Over the past week, the price has changed by -2.21%, over one month by -11.89%, over three months by -18.22% and over the past year by -15.46%.
Current recommended Stop Loss: 72.30 (which is 3.9% or 1.2 ATR below the current price).
Bilfinger SE has no consensus analysts rating.
P/E Trailing = 14.8111
P/E Forward = 10.4384
P/S = 0.4941
P/B = 2.0447
P/EG = 3.6182
Revenue TTM = 5.57b EUR
EBIT TTM = 278.4m EUR
EBITDA TTM = 421.6m EUR
Long Term Debt = 55.3m EUR (from longTermDebt, last fiscal year)
Short Term Debt = 61.3m EUR (from shortTermDebt, last quarter)
Debt = 419.2m EUR (from shortLongTermDebtTotal, last quarter) + Leases 196.7m
Net Debt = 186.6m EUR (calculated: Debt 419.2m - CCE 232.6m)
Enterprise Value = 2.94b EUR (2.75b + Debt 419.2m - CCE 232.6m)
Interest Coverage Ratio = 8.87 (Ebit TTM 278.4m / Interest Expense TTM 31.4m)
EV/FCF = 14.29x (Enterprise Value 2.94b / FCF TTM 205.6m)
FCF Yield = 7.00% (FCF TTM 205.6m / Enterprise Value 2.94b)
FCF Margin = 3.69% (FCF TTM 205.6m / Revenue TTM 5.57b)
Net Margin = 3.37% (Net Income TTM 187.6m / Revenue TTM 5.57b)
Gross Margin = 11.08% ((Revenue TTM 5.57b - Cost of Revenue TTM 4.95b) / Revenue TTM)
Gross Margin QoQ = 10.79% (prev 10.80%)
Tobins Q-Ratio = 0.84 (Enterprise Value 2.94b / Total Assets 3.52b)
Interest Expense / Debt = 7.49% (Interest Expense 31.4m / Debt 419.2m)
Taxrate = 25.54% (66.1m / 258.8m)
NOPAT = 207.3m (EBIT 278.4m * (1 - 25.54%))
Current Ratio = 1.21 (Total Current Assets 2.04b / Total Current Liabilities 1.69b)
Debt / Equity = 0.31 (Debt 419.2m / totalStockholderEquity, last quarter 1.34b)
Debt / EBITDA = 0.44 (Net Debt 186.6m / EBITDA 421.6m)
Debt / FCF = 0.91 (Net Debt 186.6m / FCF TTM 205.6m)
Total Stockholder Equity = 1.34b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.38% (Net Income 187.6m / Total Assets 3.52b)
RoE = 14.00% (Net Income TTM 187.6m / Total Stockholder Equity 1.34b)
RoCE = 19.95% (EBIT 278.4m / Capital Employed (Equity 1.34b + L.T.Debt 55.3m))
RoIC = 12.54% (NOPAT 207.3m / Invested Capital 1.65b)
WACC = 6.92% (E(2.75b)/V(3.17b) * Re(7.12%) + D(419.2m)/V(3.17b) * Rd(7.49%) * (1-Tc(0.26)))
Discount Rate = 7.12% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -90.29 | Cagr: -0.93%
[DCF] Terminal Value 73.10% ; FCFF base≈235.4m ; Y1≈206.4m ; Y5≈166.8m
[DCF] Fair Price = 67.41 (EV 2.68b - Net Debt 186.6m = Equity 2.49b / Shares 36.9m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 94.75 | EPS CAGR: 26.39% | SUE: -0.32 | # QB: 0
Revenue Correlation: 98.20 | Revenue CAGR: 9.78% | SUE: 0.10 | # QB: 0
EPS current Quarter (2026-09-30): EPS=1.64 | Chg30d=-11.84% | Revisions=-25% | Analysts=1
EPS current Year (2026-12-31): EPS=5.86 | Chg30d=-4.54% | Revisions=+0% | GrowthEPS=+12.9% | GrowthRev=+4.9%
EPS next Year (2027-12-31): EPS=6.99 | Chg30d=-1.40% | Revisions=+0% | GrowthEPS=+19.3% | GrowthRev=+4.5%
[Analyst] Revisions Ratio: -12% (up=2, down=3)