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 17,329 - -
Change - -12.82% 22.98% -16.69% 57.49% 2.28% - -
Enterprise Value (EV) 1 12,986 17,941 19,165 16,824 21,147 22,014 20,864 19,756
Change - 38.16% 6.82% -12.21% 25.69% 4.1% -5.22% -5.31%
P/E 10.7x 11x 12.3x 10.2x 14.9x 14x 11.9x 10.4x
PBR 1.08x - 1.03x 0.85x - 1.28x 1.19x 1.17x
PEG - -0.8x 1.43x 9.42x 2.32x 1.87x 0.7x 0.7x
Capitalization / Revenue 0.32x 0.24x 0.23x 0.19x 0.3x 0.31x 0.3x 0.29x
EV / Revenue 0.35x 0.4x 0.34x 0.3x 0.37x 0.39x 0.36x 0.33x
EV / EBITDA 3.54x 4.56x 4.22x 3.55x 4.13x 4.28x 3.88x 3.49x
EV / EBIT 7.67x 9.14x 8.3x 6.9x 8.28x 8.46x 7.46x 6.47x
EV / FCF 11.5x - 5.88x 6.32x 7.09x 14.6x 10.6x 8.88x
FCF Yield 8.7% - 17% 15.8% 14.1% 6.86% 9.39% 11.3%
Dividend per Share 2 1.8 - 1.9 2 - 2.131 2.189 2.247
Rate of return 5.72% - 5.57% 7.01% - 4.75% 4.88% 5%
EPS 2 2.95 2.55 2.77 2.8 2.98 3.204 3.776 4.33
Distribution rate 61% - 68.6% 71.4% - 66.5% 58% 51.9%
Net sales 1 37,589 44,322 56,017 56,752 56,877 56,725 58,085 59,552
EBITDA 1 3,667 3,936 4,545 4,737 5,124 5,145 5,379 5,665
EBIT 1 1,693 1,962 2,308 2,438 2,555 2,603 2,798 3,051
Net income 1 1,125 973 1,040 1,058 1,138 1,228 1,448 1,663
Net Debt 1 941 7,440 6,251 6,066 4,204 4,684 3,535 2,426
Reference price 2 31.49 28.04 34.12 28.54 44.35 44.90 44.90 44.90
Nbr of stocks (in thousands) 3,82,487 3,74,485 3,78,482 3,76,949 3,82,019 3,85,957 - -
Announcement Date 24/02/22 23/02/23 27/02/24 06/03/25 26/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
54.5x2.49x23.81x0.07% 9.39TCr
12.49x1.07x5.85x4.68% 7.32TCr
26.81x2.06x20.21x1.14% 5.8TCr
33.15x4.16x22.6x0.2% 5.66TCr
52.22x4.14x26.33x1.75% 4.17TCr
30.35x0.75x12.38x2.04% 3.82TCr
23.02x1.57x14.49x0.2% 3.33TCr
24.29x0.5x7.84x2.43% 3.35TCr
5.02x0.31x5.81x5.85% 2.68TCr
Average 29.10x 1.89x 15.48x 2.04% 5.06TCr
Weighted average by Cap. 31.89x 2.08x 16.67x 1.81%

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

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