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BUREAU VERITAS SA (BVI.PA) Stock Fundamental Analysis

Europe - Euronext Paris - EPA:BVI - FR0006174348 - Common Stock

25.71 EUR
+0.09 (+0.35%)
Last: 12/10/2025, 1:00:45 PM
Fundamental Rating

5

Taking everything into account, BVI scores 5 out of 10 in our fundamental rating. 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.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

BVI had positive earnings in the past year.
In the past year BVI had a positive cash flow from operations.
BVI had positive earnings in each of the past 5 years.
BVI had a positive operating cash flow in each of the past 5 years.
BVI.PA Yearly Net Income VS EBIT VS OCF VS FCFBVI.PA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

1.2 Ratios

BVI has a Return On Assets of 10.02%. This is amongst the best in the industry. BVI outperforms 81.25% of its industry peers.
BVI's Return On Equity of 45.56% is amongst the best of the industry. BVI outperforms 81.25% of its industry peers.
BVI has a better Return On Invested Capital (15.55%) than 75.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for BVI is in line with the industry average of 12.00%.
The 3 year average ROIC (11.83%) for BVI is below the current ROIC(15.55%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 10.02%
ROE 45.56%
ROIC 15.55%
ROA(3y)7.35%
ROA(5y)6.04%
ROE(3y)26.65%
ROE(5y)23.15%
ROIC(3y)11.83%
ROIC(5y)10.4%
BVI.PA Yearly ROA, ROE, ROICBVI.PA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

1.3 Margins

Looking at the Profit Margin, with a value of 10.25%, BVI is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
BVI's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 14.50%, BVI is in the better half of the industry, outperforming 75.00% 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.
Looking at the Gross Margin, with a value of 103.28%, BVI belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
In the last couple of years the Gross Margin of BVI has remained more or less at the same level.
Industry RankSector Rank
OM 14.5%
PM (TTM) 10.25%
GM 103.28%
OM growth 3Y1.16%
OM growth 5Y0.48%
PM growth 3Y2.57%
PM growth 5Y4.79%
GM growth 3Y1.43%
GM growth 5Y0.65%
BVI.PA Yearly Profit, Operating, Gross MarginsBVI.PA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60 80 100

5

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.
BVI has more shares outstanding than it did 5 years ago.
The debt/assets ratio for BVI is higher compared to a year ago.
BVI.PA Yearly Shares OutstandingBVI.PA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M
BVI.PA Yearly Total Debt VS Total AssetsBVI.PA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.2 Solvency

An Altman-Z score of 3.18 indicates that BVI is not in any danger for bankruptcy at the moment.
With a decent Altman-Z score value of 3.18, BVI is doing good in the industry, outperforming 71.88% 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 better Debt to FCF ratio (3.04) than 78.13% 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.
With a Debt to Equity ratio value of 1.56, BVI is not doing good in the industry: 68.75% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.56
Debt/FCF 3.04
Altman-Z 3.18
ROIC/WACC2.33
WACC6.66%
BVI.PA Yearly LT Debt VS Equity VS FCFBVI.PA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

2.3 Liquidity

BVI has a Current Ratio of 1.17. 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 Current ratio of 1.17 is in line compared to the rest of the industry. BVI outperforms 59.38% of its industry peers.
A Quick Ratio of 1.17 indicates that BVI should not have too much problems paying its short term obligations.
BVI has a better Quick ratio (1.17) than 62.50% of its industry peers.
Industry RankSector Rank
Current Ratio 1.17
Quick Ratio 1.17
BVI.PA Yearly Current Assets VS Current LiabilitesBVI.PA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

4

3. Growth

3.1 Past

BVI shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 6.92%.
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

The Earnings Per Share is expected to grow by 7.82% on average over the next years.
BVI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.13% yearly.
EPS Next Y4.75%
EPS Next 2Y6.66%
EPS Next 3Y7.15%
EPS Next 5Y7.82%
Revenue Next Year4.48%
Revenue Next 2Y4.92%
Revenue Next 3Y5.31%
Revenue Next 5Y7.13%

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 accelerating.
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.
BVI.PA Yearly Revenue VS EstimatesBVI.PA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2B 4B 6B 8B
BVI.PA Yearly EPS VS EstimatesBVI.PA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0.5 1 1.5

4

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 18.50, BVI is valued on the expensive side.
Based on the Price/Earnings ratio, BVI is valued a bit cheaper than 68.75% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.28. BVI is valued slightly cheaper when compared to this.
BVI is valuated correctly with a Price/Forward Earnings ratio of 16.38.
The rest of the industry has a similar Price/Forward Earnings ratio as BVI.
BVI is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.52, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 18.5
Fwd PE 16.38
BVI.PA Price Earnings VS Forward Price EarningsBVI.PA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

BVI's Enterprise Value to EBITDA is on the same level as the industry average.
Based on the Price/Free Cash Flow ratio, BVI is valued a bit cheaper than the industry average as 65.63% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 13.73
EV/EBITDA 10.91
BVI.PA Per share dataBVI.PA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates BVI does not grow enough to justify the current Price/Earnings ratio.
BVI has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)3.89
PEG (5Y)2.97
EPS Next 2Y6.66%
EPS Next 3Y7.15%

4

5. Dividend

5.1 Amount

BVI has a Yearly Dividend Yield of 3.36%.
BVI's Dividend Yield is a higher than the industry average which is at 3.47.
Compared to an average S&P500 Dividend Yield of 2.31, BVI pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 3.36%

5.2 History

The dividend of BVI is nicely growing with an annual growth rate of 32.56%!
Dividend Growth(5Y)32.56%
Div Incr Years4
Div Non Decr Years4
BVI.PA Yearly Dividends per shareBVI.PA Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

64.52% of the earnings are spent on dividend by BVI. This is not a sustainable payout ratio.
BVI's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP64.52%
EPS Next 2Y6.66%
EPS Next 3Y7.15%
BVI.PA Yearly Income VS Free CF VS DividendBVI.PA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M
BVI.PA Dividend Payout.BVI.PA Dividend Payout, showing the Payout Ratio.BVI.PA Dividend Payout.PayoutRetained Earnings

BUREAU VERITAS SA

EPA:BVI (12/10/2025, 1:00:45 PM)

25.71

+0.09 (+0.35%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)10-23 2025-10-23
Earnings (Next)02-23 2026-02-23/amc
Inst Owners46.22%
Inst Owner ChangeN/A
Ins Owners0%
Ins Owner ChangeN/A
Market Cap11.67B
Revenue(TTM)6.41B
Net Income(TTM)657.00M
Analysts81
Price Target34.09 (32.59%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.36%
Yearly Dividend0.9
Dividend Growth(5Y)32.56%
DP64.52%
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)-0.47%
PT rev (3m)-0.9%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.12%
EPS NY rev (3m)-0.23%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.11%
Revenue NY rev (3m)-0.06%
Valuation
Industry RankSector Rank
PE 18.5
Fwd PE 16.38
P/S 1.82
P/FCF 13.73
P/OCF 11.66
P/B 8.1
P/tB N/A
EV/EBITDA 10.91
EPS(TTM)1.39
EY5.41%
EPS(NY)1.57
Fwd EY6.11%
FCF(TTM)1.87
FCFY7.28%
OCF(TTM)2.21
OCFY8.58%
SpS14.13
BVpS3.17
TBVpS-2.53
PEG (NY)3.89
PEG (5Y)2.97
Graham Number9.96
Profitability
Industry RankSector Rank
ROA 10.02%
ROE 45.56%
ROCE 22.81%
ROIC 15.55%
ROICexc 19.79%
ROICexgc 103.18%
OM 14.5%
PM (TTM) 10.25%
GM 103.28%
FCFM 13.26%
ROA(3y)7.35%
ROA(5y)6.04%
ROE(3y)26.65%
ROE(5y)23.15%
ROIC(3y)11.83%
ROIC(5y)10.4%
ROICexc(3y)16.61%
ROICexc(5y)14.86%
ROICexgc(3y)78.48%
ROICexgc(5y)69.86%
ROCE(3y)17.36%
ROCE(5y)15.27%
ROICexgc growth 3Y20.36%
ROICexgc growth 5Y9.89%
ROICexc growth 3Y8.49%
ROICexc growth 5Y5.24%
OM growth 3Y1.16%
OM growth 5Y0.48%
PM growth 3Y2.57%
PM growth 5Y4.79%
GM growth 3Y1.43%
GM growth 5Y0.65%
F-Score7
Asset Turnover0.98
Health
Industry RankSector Rank
Debt/Equity 1.56
Debt/FCF 3.04
Debt/EBITDA 1.84
Cap/Depr 51.71%
Cap/Sales 2.36%
Interest Coverage 24.47
Cash Conversion 81.91%
Profit Quality 129.38%
Current Ratio 1.17
Quick Ratio 1.17
Altman-Z 3.18
F-Score7
WACC6.66%
ROIC/WACC2.33
Cap/Depr(3y)49.77%
Cap/Depr(5y)44.08%
Cap/Sales(3y)2.44%
Cap/Sales(5y)2.38%
Profit Quality(3y)144.21%
Profit Quality(5y)231.79%
High Growth Momentum
Growth
EPS 1Y (TTM)6.92%
EPS 3Y8.85%
EPS 5Y6.23%
EPS Q2Q%1.56%
EPS Next Y4.75%
EPS Next 2Y6.66%
EPS Next 3Y7.15%
EPS Next 5Y7.82%
Revenue 1Y (TTM)7.12%
Revenue growth 3Y7.81%
Revenue growth 5Y4.12%
Sales Q2Q%5.65%
Revenue Next Year4.48%
Revenue Next 2Y4.92%
Revenue Next 3Y5.31%
Revenue Next 5Y7.13%
EBIT growth 1Y10.05%
EBIT growth 3Y9.06%
EBIT growth 5Y4.62%
EBIT Next Year37.23%
EBIT Next 3Y15.96%
EBIT Next 5Y12.68%
FCF growth 1Y23.58%
FCF growth 3Y8.48%
FCF growth 5Y4.31%
OCF growth 1Y18.6%
OCF growth 3Y8.18%
OCF growth 5Y4.06%

BUREAU VERITAS SA / BVI.PA FAQ

Can you provide the ChartMill fundamental rating for BUREAU VERITAS SA?

ChartMill assigns a fundamental rating of 5 / 10 to BVI.PA.


What is the valuation status of BUREAU VERITAS SA (BVI.PA) stock?

ChartMill assigns a valuation rating of 4 / 10 to BUREAU VERITAS SA (BVI.PA). This can be considered as Fairly Valued.


What is the profitability of BVI stock?

BUREAU VERITAS SA (BVI.PA) has a profitability rating of 8 / 10.


Can you provide the financial health for BVI stock?

The financial health rating of BUREAU VERITAS SA (BVI.PA) is 5 / 10.


What is the earnings growth outlook for BUREAU VERITAS SA?

The Earnings per Share (EPS) of BUREAU VERITAS SA (BVI.PA) is expected to grow by 4.75% in the next year.