BUREAU VERITAS SA (BVI.PA) Stock Fundamental Analysis
EPA:BVI - Euronext Paris - Matif - FR0006174348 - Common Stock - Currency: EUR
Taking everything into account, BVI scores 6 out of 10 in our fundamental rating. BVI was compared to 29 industry peers in the Professional Services industry. BVI scores excellent on profitability, but there are some minor concerns on its financial health. BVI is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
BVI had positive earnings in the past year.
BVI had a positive operating cash flow in the past year.
Each year in the past 5 years BVI has been profitable.
BVI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 11.17%, BVI belongs to the top of the industry, outperforming 82.76% of the companies in the same industry.
The Return On Equity of BVI (40.76%) is better than 86.21% of its industry peers.
BVI's Return On Invested Capital of 19.65% is amongst the best of the industry. BVI outperforms 86.21% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.17% | ||
| ROE | 40.76% | ||
| ROIC | 19.65% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
BVI has a better Profit Margin (8.68%) than 79.31% of its industry peers.
In the last couple of years the Profit Margin of BVI has grown nicely.
BVI has a Operating Margin of 14.58%. This is amongst the best in the industry. BVI outperforms 82.76% of its industry peers.
BVI's Operating Margin has been stable in the last couple of years.
BVI has a Gross Margin of 103.22%. This is amongst the best in the industry. BVI outperforms 96.55% of its industry peers.
In the last couple of years the Gross Margin of BVI has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.58% | ||
| PM (TTM) | 8.68% | ||
| GM | 103.22% |
OM growth 3Y2.17%
OM growth 5Y1.08%
PM growth 3Y2.59%
PM growth 5Y4.81%
GM growth 3Y2.43%
GM growth 5Y1.25%
2. Health
2.1 Basic Checks
BVI has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
There is no outstanding debt for BVI. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
An Altman-Z score of 3.92 indicates that BVI is not in any danger for bankruptcy at the moment.
BVI has a Altman-Z score of 3.92. This is amongst the best in the industry. BVI outperforms 89.66% of its industry peers.
BVI has a debt to FCF ratio of 3.36. This is a good value and a sign of high solvency as BVI would need 3.36 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 3.36, BVI is in the better half of the industry, outperforming 65.52% of the companies in the same industry.
A Debt/Equity ratio of 1.13 is on the high side and indicates that BVI has dependencies on debt financing.
The Debt to Equity ratio of BVI (1.13) is worse than 62.07% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.13 | ||
| Debt/FCF | 3.36 | ||
| Altman-Z | 3.92 |
ROIC/WACC2.67
WACC7.37%
2.3 Liquidity
BVI has a Current Ratio of 1.29. This is a normal value and indicates that BVI is financially healthy and should not expect problems in meeting its short term obligations.
BVI has a Current ratio of 1.29. This is in the better half of the industry: BVI outperforms 68.97% of its industry peers.
A Quick Ratio of 1.29 indicates that BVI should not have too much problems paying its short term obligations.
BVI has a better Quick ratio (1.29) than 72.41% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.29 | ||
| Quick Ratio | 1.29 |
3. Growth
3.1 Past
BVI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 60.07%, which is quite impressive.
The Earnings Per Share has been growing by 8.66% on average over the past years. This is quite good.
Looking at the last year, BVI shows a very strong growth in Revenue. The Revenue has grown by 57.85%.
Measured over the past years, BVI shows a small growth in Revenue. The Revenue has been growing by 4.12% on average per year.
EPS 1Y (TTM)60.07%
EPS 3Y10.56%
EPS 5Y8.66%
EPS Q2Q%111.15%
Revenue 1Y (TTM)57.85%
Revenue growth 3Y7.81%
Revenue growth 5Y4.12%
Sales Q2Q%110.59%
3.2 Future
Based on estimates for the next years, BVI will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.92% on average per year.
The Revenue is expected to grow by 6.56% on average over the next years.
EPS Next Y10.04%
EPS Next 2Y10.46%
EPS Next 3Y9.28%
EPS Next 5Y8.92%
Revenue Next Year7.63%
Revenue Next 2Y7.04%
Revenue Next 3Y6.76%
Revenue Next 5Y6.56%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
BVI is valuated correctly with a Price/Earnings ratio of 16.61.
BVI's Price/Earnings ratio is a bit cheaper when compared to the industry. BVI is cheaper than 68.97% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 29.35, BVI is valued a bit cheaper.
Based on the Price/Forward Earnings ratio of 19.39, the valuation of BVI can be described as rather expensive.
BVI's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.10, BVI is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.61 | ||
| Fwd PE | 19.39 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BVI indicates a somewhat cheap valuation: BVI is cheaper than 62.07% of the companies listed in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as BVI.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.52 | ||
| EV/EBITDA | 9.13 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
BVI has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)1.66
PEG (5Y)1.92
EPS Next 2Y10.46%
EPS Next 3Y9.28%
5. Dividend
5.1 Amount
BVI has a Yearly Dividend Yield of 3.09%.
Compared to an average industry Dividend Yield of 2.83, BVI pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.33, BVI pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.09% |
5.2 History
On average, the dividend of BVI grows each year by 6.55%, which is quite nice.
Dividend Growth(5Y)6.55%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
50.63% of the earnings are spent on dividend by BVI. This is a bit on the high side, but may be sustainable.
The dividend of BVI is growing, but earnings are growing more, so the dividend growth is sustainable.
DP50.63%
EPS Next 2Y10.46%
EPS Next 3Y9.28%
EPA:BVI (3/7/2025, 7:00:00 PM)
29.24
+0.08 (+0.27%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)
Earnings (Next)
Inst Owners42.01%
Inst Owner ChangeN/A
Ins Owners0%
Ins Owner ChangeN/A
Market Cap13.27B
Analysts80
Price Target35.05 (19.87%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.09% |
Yearly Dividend0.87
Dividend Growth(5Y)6.55%
DP50.63%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)2.14%
PT rev (3m)3.38%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.16%
EPS NY rev (3m)0.59%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.7%
Revenue NY rev (3m)1.81%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.61 | ||
| Fwd PE | 19.39 | ||
| P/S | 1.43 | ||
| P/FCF | 15.52 | ||
| P/OCF | 13.26 | ||
| P/B | 6.73 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.13 |
EPS(TTM)1.76
EY6.02%
EPS(NY)1.51
Fwd EY5.16%
FCF(TTM)1.88
FCFY6.44%
OCF(TTM)2.21
OCFY7.54%
SpS20.41
BVpS4.34
TBVpS-1.78
PEG (NY)1.66
PEG (5Y)1.92
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.17% | ||
| ROE | 40.76% | ||
| ROCE | 28.79% | ||
| ROIC | 19.65% | ||
| ROICexc | 26.52% | ||
| ROICexgc | 132.29% | ||
| OM | 14.58% | ||
| PM (TTM) | 8.68% | ||
| GM | 103.22% | ||
| FCFM | 9.23% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y2.17%
OM growth 5Y1.08%
PM growth 3Y2.59%
PM growth 5Y4.81%
GM growth 3Y2.43%
GM growth 5Y1.25%
F-Score8
Asset Turnover1.29
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.13 | ||
| Debt/FCF | 3.36 | ||
| Debt/EBITDA | 1.36 | ||
| Cap/Depr | 51.43% | ||
| Cap/Sales | 1.58% | ||
| Interest Coverage | 62.22 | ||
| Cash Conversion | 61.28% | ||
| Profit Quality | 106.42% | ||
| Current Ratio | 1.29 | ||
| Quick Ratio | 1.29 | ||
| Altman-Z | 3.92 |
F-Score8
WACC7.37%
ROIC/WACC2.67
Cap/Depr(3y)49.76%
Cap/Depr(5y)44.07%
Cap/Sales(3y)2.44%
Cap/Sales(5y)2.38%
Profit Quality(3y)144.23%
Profit Quality(5y)231.8%
High Growth Momentum
Growth
EPS 1Y (TTM)60.07%
EPS 3Y10.56%
EPS 5Y8.66%
EPS Q2Q%111.15%
EPS Next Y10.04%
EPS Next 2Y10.46%
EPS Next 3Y9.28%
EPS Next 5Y8.92%
Revenue 1Y (TTM)57.85%
Revenue growth 3Y7.81%
Revenue growth 5Y4.12%
Sales Q2Q%110.59%
Revenue Next Year7.63%
Revenue Next 2Y7.04%
Revenue Next 3Y6.76%
Revenue Next 5Y6.56%
EBIT growth 1Y66.94%
EBIT growth 3Y10.15%
EBIT growth 5Y5.25%
EBIT Next Year40.27%
EBIT Next 3Y17.17%
EBIT Next 5Y14.31%
FCF growth 1Y29.18%
FCF growth 3Y8.5%
FCF growth 5Y4.31%
OCF growth 1Y22.14%
OCF growth 3Y8.19%
OCF growth 5Y4.06%