BUREAU VERITAS SA (BVI.PA) Stock Fundamental Analysis
Europe - EPA:BVI - FR0006174348 - Common Stock
25.91 EUR
+0.13 (+0.5%)
We assign a fundamental rating of 6 out of 10 to BVI. BVI was compared to 32 industry peers in the Professional Services industry. While BVI belongs to the best of the industry regarding profitability, 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
In the past year BVI was profitable.
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 10.02%, BVI belongs to the top of the industry, outperforming 84.38% of the companies in the same industry.
BVI has a Return On Equity of 45.59%. This is in the better half of the industry: BVI outperforms 78.13% of its industry peers.
BVI has a better Return On Invested Capital (15.56%) than 78.13% of its industry peers.
The Average Return On Invested Capital over the past 3 years for BVI is in line with the industry average of 12.59%.
The 3 year average ROIC (11.84%) for BVI is below the current ROIC(15.56%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.02% | ||
| ROE | 45.59% | ||
| ROIC | 15.56% |
ROA(3y)7.35%
ROA(5y)6.04%
ROE(3y)26.65%
ROE(5y)23.15%
ROIC(3y)11.84%
ROIC(5y)10.41%
1.3 Margins
BVI has a better Profit Margin (10.25%) than 78.13% of its industry peers.
BVI's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 14.51%, BVI is in the better half of the industry, outperforming 78.13% of the companies in the same industry.
In the last couple of years the Operating Margin of BVI has remained more or less at the same level.
BVI has a better Gross Margin (103.28%) than 96.88% of its industry peers.
BVI's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.51% | ||
| PM (TTM) | 10.25% | ||
| GM | 103.28% |
OM growth 3Y1.18%
OM growth 5Y0.5%
PM growth 3Y2.59%
PM growth 5Y4.81%
GM growth 3Y1.43%
GM growth 5Y0.65%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so BVI is creating value.
The number of shares outstanding for BVI has been reduced compared to 1 year ago.
The number of shares outstanding for BVI remains at a similar level compared to 5 years ago.
Compared to 1 year ago, BVI has a worse debt to assets ratio.
2.2 Solvency
BVI has an Altman-Z score of 3.19. This indicates that BVI is financially healthy and has little risk of bankruptcy at the moment.
With a decent Altman-Z score value of 3.19, BVI is doing good in the industry, outperforming 78.13% of the companies in the same industry.
BVI has a debt to FCF ratio of 3.04. This is a good value and a sign of high solvency as BVI would need 3.04 years to pay back of all of its debts.
BVI has a Debt to FCF ratio of 3.04. This is amongst the best in the industry. BVI outperforms 84.38% of its industry peers.
BVI has a Debt/Equity ratio of 1.56. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of BVI (1.56) is worse than 68.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.56 | ||
| Debt/FCF | 3.04 | ||
| Altman-Z | 3.19 |
ROIC/WACC2.39
WACC6.5%
2.3 Liquidity
BVI has a Current Ratio of 1.18. This is a normal value and indicates that BVI is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of BVI (1.18) is comparable to the rest of the industry.
BVI has a Quick Ratio of 1.18. This is a normal value and indicates that BVI is financially healthy and should not expect problems in meeting its short term obligations.
BVI's Quick ratio of 1.18 is fine compared to the rest of the industry. BVI outperforms 65.63% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.18 | ||
| Quick Ratio | 1.18 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 6.92% over the past year.
The Earnings Per Share has been growing slightly by 6.23% on average over the past years.
BVI shows a small growth in Revenue. In the last year, the Revenue has grown by 7.12%.
The Revenue has been growing slightly by 4.12% on average over the past years.
EPS 1Y (TTM)6.92%
EPS 3Y8.85%
EPS 5Y6.23%
EPS Q2Q%1.56%
Revenue 1Y (TTM)7.12%
Revenue growth 3Y7.81%
Revenue growth 5Y4.12%
Sales Q2Q%5.65%
3.2 Future
Based on estimates for the next years, BVI will show a small growth in Earnings Per Share. The EPS will grow by 7.13% on average per year.
BVI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.05% yearly.
EPS Next Y4.99%
EPS Next 2Y6.86%
EPS Next 3Y7.32%
EPS Next 5Y7.13%
Revenue Next Year4.37%
Revenue Next 2Y4.76%
Revenue Next 3Y5.23%
Revenue Next 5Y7.05%
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 18.64, which indicates a rather expensive current valuation of BVI.
BVI's Price/Earnings ratio is a bit cheaper when compared to the industry. BVI is cheaper than 71.88% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.20, BVI is valued a bit cheaper.
A Price/Forward Earnings ratio of 16.44 indicates a correct valuation of BVI.
BVI's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.70, BVI is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.64 | ||
| Fwd PE | 16.44 |
4.2 Price Multiples
BVI's Enterprise Value to EBITDA ratio is in line with the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BVI indicates a somewhat cheap valuation: BVI is cheaper than 62.50% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.85 | ||
| EV/EBITDA | 10.97 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The excellent profitability rating of BVI may justify a higher PE ratio.
PEG (NY)3.73
PEG (5Y)2.99
EPS Next 2Y6.86%
EPS Next 3Y7.32%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.39%, BVI has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.37, BVI pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.38, BVI pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.39% |
5.2 History
The dividend of BVI is nicely growing with an annual growth rate of 32.58%!
Dividend Growth(5Y)32.58%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
64.39% of the earnings are spent on dividend by BVI. This is not a sustainable payout ratio.
The dividend of BVI is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP64.39%
EPS Next 2Y6.86%
EPS Next 3Y7.32%
EPA:BVI (9/18/2025, 10:02:18 AM)
25.91
+0.13 (+0.5%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)
Earnings (Next)
Inst Owners78.26%
Inst Owner ChangeN/A
Ins Owners0%
Ins Owner ChangeN/A
Market Cap11.76B
Analysts80
Price Target34.4 (32.77%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.39% |
Yearly Dividend0.9
Dividend Growth(5Y)32.58%
DP64.39%
Div Incr Years4
Div Non Decr Years4
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)0.3%
PT rev (3m)-1.06%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-3.91%
EPS NY rev (3m)-3.91%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.52%
Revenue NY rev (3m)-1.34%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.64 | ||
| Fwd PE | 16.44 | ||
| P/S | 1.83 | ||
| P/FCF | 13.85 | ||
| P/OCF | 11.75 | ||
| P/B | 8.16 | ||
| P/tB | N/A | ||
| EV/EBITDA | 10.97 |
EPS(TTM)1.39
EY5.36%
EPS(NY)1.58
Fwd EY6.08%
FCF(TTM)1.87
FCFY7.22%
OCF(TTM)2.2
OCFY8.51%
SpS14.13
BVpS3.18
TBVpS-2.53
PEG (NY)3.73
PEG (5Y)2.99
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.02% | ||
| ROE | 45.59% | ||
| ROCE | 22.82% | ||
| ROIC | 15.56% | ||
| ROICexc | 19.8% | ||
| ROICexgc | 103.04% | ||
| OM | 14.51% | ||
| PM (TTM) | 10.25% | ||
| GM | 103.28% | ||
| FCFM | 13.24% |
ROA(3y)7.35%
ROA(5y)6.04%
ROE(3y)26.65%
ROE(5y)23.15%
ROIC(3y)11.84%
ROIC(5y)10.41%
ROICexc(3y)16.62%
ROICexc(5y)14.87%
ROICexgc(3y)78.54%
ROICexgc(5y)69.9%
ROCE(3y)17.37%
ROCE(5y)15.28%
ROICexcg growth 3Y20.39%
ROICexcg growth 5Y9.91%
ROICexc growth 3Y8.51%
ROICexc growth 5Y5.26%
OM growth 3Y1.18%
OM growth 5Y0.5%
PM growth 3Y2.59%
PM growth 5Y4.81%
GM growth 3Y1.43%
GM growth 5Y0.65%
F-Score7
Asset Turnover0.98
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.56 | ||
| Debt/FCF | 3.04 | ||
| Debt/EBITDA | 1.84 | ||
| Cap/Depr | 52.04% | ||
| Cap/Sales | 2.36% | ||
| Interest Coverage | 24.48 | ||
| Cash Conversion | 81.92% | ||
| Profit Quality | 129.18% | ||
| Current Ratio | 1.18 | ||
| Quick Ratio | 1.18 | ||
| Altman-Z | 3.19 |
F-Score7
WACC6.5%
ROIC/WACC2.39
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)6.92%
EPS 3Y8.85%
EPS 5Y6.23%
EPS Q2Q%1.56%
EPS Next Y4.99%
EPS Next 2Y6.86%
EPS Next 3Y7.32%
EPS Next 5Y7.13%
Revenue 1Y (TTM)7.12%
Revenue growth 3Y7.81%
Revenue growth 5Y4.12%
Sales Q2Q%5.65%
Revenue Next Year4.37%
Revenue Next 2Y4.76%
Revenue Next 3Y5.23%
Revenue Next 5Y7.05%
EBIT growth 1Y10.09%
EBIT growth 3Y9.08%
EBIT growth 5Y4.64%
EBIT Next Year40.38%
EBIT Next 3Y17.17%
EBIT Next 5Y12.59%
FCF growth 1Y23.47%
FCF growth 3Y8.5%
FCF growth 5Y4.31%
OCF growth 1Y18.57%
OCF growth 3Y8.19%
OCF growth 5Y4.06%