GBF Stock Analysis: Bilfinger SE | XETRA
Engineering & Construction | XETRA, Germany | Market Cap: 3.264m EUR | 12M Return: -7.9% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 8.90M
EPS Trend: 95.2%
Qual. Beats: 0
Rev. Trend: 98.7%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 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: 181.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA -1.58 > 1.0 |
| NWC/Revenue: 8.57% < 20% (prev 10.73%; Δ -2.16% < -1%) |
| CFO/TA 0.08 > 3% & CFO 275.4m > Net Income 181.1m |
| Net Debt (68.8m) to EBITDA (420.6m): 0.16 < 3 |
| Current Ratio: 1.27 > 1.5 & < 3 |
| Outstanding Shares: last quarter (36.9m) vs 12m ago -1.81% < -2% |
| Gross Margin: 11.25% > 18% (prev 11.04%; Δ 0.21% > 0.5%) |
| Asset Turnover: 153.6% > 50% (prev 149.2%; Δ 4.36% > 0%) |
| Interest Coverage Ratio: 9.10 > 6 (EBIT TTM 281.1m / Interest Expense TTM 30.9m) |
| A: 0.13 (Total Current Assets 2.21b - Total Current Liabilities 1.75b) / Total Assets 3.63b |
| B: 0.14 (Retained Earnings 502.7m / Total Assets 3.63b) |
| C: 0.08 (EBIT TTM 281.1m / Avg Total Assets 3.56b) |
| D: 0.62 (Book Value of Equity 1.39b / Total Liabilities 2.23b) |
| Altman-Z'' = 2.48 = A |
| DSRI: 1.04 (Receivables 1.47b/1.35b, Revenue 5.47b/5.22b) |
| GMI: 0.98 (GM 11.04% / 11.25%) |
| AQI: 0.97 (AQ_t 0.26 / AQ_t-1 0.26) |
| SGI: 1.05 (Revenue 5.47b / 5.22b) |
| TATA: -0.03 (NI 181.1m - CFO 275.4m) / TA 3.63b) |
| Beneish M = -3.00 (Cap -4..+1) = A |
As of July 09, 2026, the stock is trading at EUR 82.55 with a total of 110,083 shares traded. Over the past week, the price has changed by +1.54%, over one month by +1.98%, over three months by -23.28% and over the past year by -7.90%.
Current recommended Stop Loss: 78.90 (which is 4.4% or 1.3 ATR below the current price).
Bilfinger SE has no consensus analysts rating.
P/E Trailing = 18.2165
P/E Forward = 10.4384
P/S = 0.5964
P/B = 2.3495
P/EG = 3.6182
Revenue TTM = 5.47b EUR
EBIT TTM = 281.1m EUR
EBITDA TTM = 420.6m EUR
Long Term Debt = 55.3m EUR (from longTermDebt, last fiscal year)
Short Term Debt = 183.5m EUR (from shortTermDebt, last quarter)
Debt = 570.8m EUR (from shortLongTermDebtTotal, last quarter) + Leases 196.7m
Net Debt = 68.8m EUR (calculated: Debt 570.8m - CCE 502.0m)
Enterprise Value = 3.33b EUR (3.26b + Debt 570.8m - CCE 502.0m)
Interest Coverage Ratio = 9.10 (Ebit TTM 281.1m / Interest Expense TTM 30.9m)
EV/FCF = 15.77x (Enterprise Value 3.33b / FCF TTM 211.3m)
FCF Yield = 6.34% (FCF TTM 211.3m / Enterprise Value 3.33b)
FCF Margin = 3.86% (FCF TTM 211.3m / Revenue TTM 5.47b)
Net Margin = 3.31% (Net Income TTM 181.1m / Revenue TTM 5.47b)
Gross Margin = 11.25% ((Revenue TTM 5.47b - Cost of Revenue TTM 4.86b) / Revenue TTM)
Gross Margin QoQ = 10.80% (prev 11.43%)
Tobins Q-Ratio = 0.92 (Enterprise Value 3.33b / Total Assets 3.63b)
Interest Expense / Debt = 5.41% (Interest Expense 30.9m / Debt 570.8m)
Taxrate = 26.89% (69.0m / 256.6m)
NOPAT = 205.5m (EBIT 281.1m * (1 - 26.89%))
Current Ratio = 1.27 (Total Current Assets 2.21b / Total Current Liabilities 1.75b)
Debt / Equity = 0.41 (Debt 570.8m / totalStockholderEquity, last quarter 1.39b)
Debt / EBITDA = 0.16 (Net Debt 68.8m / EBITDA 420.6m)
Debt / FCF = 0.33 (Net Debt 68.8m / FCF TTM 211.3m)
Total Stockholder Equity = 1.32b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.08% (Net Income 181.1m / Total Assets 3.63b)
RoE = 13.75% (Net Income TTM 181.1m / Total Stockholder Equity 1.32b)
RoCE = 20.48% (EBIT 281.1m / Capital Employed (Equity 1.32b + L.T.Debt 55.3m))
RoIC = 11.46% (NOPAT 205.5m / Invested Capital 1.79b)
WACC = 6.76% (E(3.26b)/V(3.83b) * Re(7.25%) + D(570.8m)/V(3.83b) * Rd(5.41%) * (1-Tc(0.27)))
Discount Rate = 7.25% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -71.91 | Cagr: -0.87%
[DCF] Terminal Value 73.10% ; FCFF base≈230.3m ; Y1≈201.9m ; Y5≈163.1m
[DCF] Fair Price = 69.03 (EV 2.62b - Net Debt 68.8m = Equity 2.55b / Shares 36.9m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 95.22 | EPS CAGR: 32.98% | SUE: -0.17 | # QB: 0
Revenue Correlation: 98.71 | Revenue CAGR: 10.60% | SUE: 4.0 | # QB: 1
EPS current Quarter (2026-06-30): EPS=1.48 | Chg30d=-13.20% | Revisions=-25% | Analysts=1
EPS next Quarter (2026-09-30): EPS=1.64 | Chg30d=-11.84% | Revisions=-25% | Analysts=1
EPS current Year (2026-12-31): EPS=6.12 | Chg30d=-0.47% | Revisions=-50% | GrowthEPS=+17.9% | GrowthRev=+4.7%
EPS next Year (2027-12-31): EPS=7.06 | Chg30d=-0.25% | Revisions=-50% | GrowthEPS=+15.3% | GrowthRev=+4.5%
[Analyst] Revisions Ratio: -73% (up=0, down=8)