Projected Income Statement: Bureau Veritas SA

Forecast Balance Sheet: Bureau Veritas SA

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 1,332 1,051 975 936 1,226 1,555 1,274 1,033
Change - -21.1% -7.23% -4% 30.98% 26.8% -18.07% -18.92%
Announcement Date 25/02/21 24/02/22 23/02/23 22/02/24 25/02/25 - - -
1EUR in Million
Estimates

Cash Flow Forecast: Bureau Veritas SA

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
CAPEX 1 88.3 114.5 125.6 143.5 139.8 161.1 179.8 191.4
Change - 29.67% 9.69% 14.25% -2.58% 15.24% 11.6% 6.46%
Free Cash Flow (FCF) 1 720.8 676.2 709.3 659.1 843.3 645 738.1 801.8
Change - -6.19% 4.9% -7.08% 27.95% -23.51% 14.43% 8.63%
Announcement Date 25/02/21 24/02/22 23/02/23 22/02/24 25/02/25 - - -
1EUR in Million
Estimates

Forecast Financial Ratios: Bureau Veritas SA

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027

Profitability

        
EBITDA Margin (%) 18.37% 20.33% 20.06% 19.85% 19.8% 20.09% 20.35% 20.46%
EBIT Margin (%) 13.37% 16.1% 15.96% 15.85% 15.96% 16.11% 16.33% 16.58%
EBT Margin (%) 5.86% 12.96% 12.71% 12.89% 13.83% 14.2% 14.56% 14.87%
Net margin (%) 2.72% 8.45% 8.26% 8.58% 9.12% 9.48% 9.77% 9.94%
FCF margin (%) 15.67% 13.58% 12.55% 11.23% 13.51% 9.98% 10.86% 11.11%
FCF / Net Income (%) 575.26% 160.66% 151.98% 130.85% 148.1% 105.25% 111.14% 111.83%

Profitability

        
ROA 4.19% 7.22% 7.7% 7.32% 8.23% 8.39% 8.79% 9.08%
ROE 22.8% 33.43% 29.37% 26.52% 29.14% 33.46% 34.56% 34.27%

Financial Health

        
Leverage (Debt/EBITDA) 1.58x 1.04x 0.86x 0.8x 0.99x 1.2x 0.92x 0.7x
Debt / Free cash flow 1.85x 1.55x 1.38x 1.42x 1.45x 2.41x 1.73x 1.29x

Capital Intensity

        
CAPEX / Current Assets (%) 1.92% 2.3% 2.22% 2.45% 2.24% 2.49% 2.64% 2.65%
CAPEX / EBITDA (%) 10.45% 11.3% 11.08% 12.32% 11.31% 12.4% 12.99% 12.97%
CAPEX / FCF (%) 12.25% 16.93% 17.71% 21.77% 16.58% 24.98% 24.36% 23.87%

Items per share

        
Cash flow per share 1 1.804 1.754 1.847 1.81 2.233 2.028 2.079 2.123
Change - -2.77% 5.31% -2.01% 23.39% -9.16% 2.49% 2.16%
Dividend per Share 1 0.36 0.53 0.77 0.83 0.9 0.932 1.019 1.101
Change - 47.22% 45.28% 7.79% 8.43% 3.55% 9.35% 8.06%
Book Value Per Share 1 2.756 3.621 4.264 4.274 4.382 4.247 4.681 5.167
Change - 31.4% 17.77% 0.23% 2.52% -3.07% 10.22% 10.39%
EPS 1 0.28 0.92 1.02 1.1 1.25 1.349 1.488 1.611
Change - 228.57% 10.87% 7.84% 13.64% 7.94% 10.31% 8.21%
Nbr of stocks (in thousands) 4,48,945 4,52,037 4,52,445 4,53,664 4,47,493 4,43,585 4,43,585 4,43,585
Announcement Date 25/02/21 24/02/22 23/02/23 22/02/24 25/02/25 - - -
1EUR
Estimates
2025 *2026 *
P/E ratio 20.1x 18.2x
PBR 6.39x 5.8x
EV / Sales 2.1x 1.96x
Yield 3.43% 3.75%
More valuation ratios * Estimated data

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
AA
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
16
Last Close Price
27.16EUR
Average target price
33.58EUR
Spread / Average Target
+23.63%
Consensus

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. BVI Stock
  4. Financials Bureau Veritas SA