BUREAU VERITAS SA (BVI.PA) Stock Fundamental Analysis
EPA:BVI - Euronext Paris - Matif - FR0006174348 - Common Stock - Currency: EUR
BVI gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 30 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.
In the past year BVI had a positive cash flow from operations.
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
BVI has a better Return On Assets (7.02%) than 70.37% of its industry peers.
BVI has a Return On Equity of 31.01%. This is amongst the best in the industry. BVI outperforms 81.48% of its industry peers.
BVI's Return On Invested Capital of 12.73% is fine compared to the rest of the industry. BVI outperforms 74.07% 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 11.50%.
The 3 year average ROIC (10.65%) for BVI is below the current ROIC(12.73%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.02% | ||
| ROE | 31.01% | ||
| ROIC | 12.73% |
ROA(3y)6.79%
ROA(5y)5.5%
ROE(3y)25.59%
ROE(5y)23.2%
ROIC(3y)10.65%
ROIC(5y)9.66%
1.3 Margins
BVI has a Profit Margin of 8.45%. This is in the better half of the industry: BVI outperforms 77.78% of its industry peers.
BVI's Profit Margin has improved in the last couple of years.
BVI has a Operating Margin of 14.12%. This is amongst the best in the industry. BVI outperforms 81.48% of its industry peers.
In the last couple of years the Operating Margin of BVI has remained more or less at the same level.
BVI has a Gross Margin of 94.76%. This is amongst the best in the industry. BVI outperforms 81.48% 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 | 14.12% | ||
| PM (TTM) | 8.45% | ||
| GM | 94.76% |
OM growth 3Y13.01%
OM growth 5Y0.62%
PM growth 3Y46.62%
PM growth 5Y4.36%
GM growth 3Y0.41%
GM growth 5Y-0.24%
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.
The number of shares outstanding for BVI has been increased compared to 1 year ago.
The number of shares outstanding for BVI has been increased compared to 5 years ago.
BVI has a better debt/assets ratio than last year.
2.2 Solvency
BVI has an Altman-Z score of 3.11. This indicates that BVI is financially healthy and has little risk of bankruptcy at the moment.
BVI has a Altman-Z score of 3.11. This is in the better half of the industry: BVI outperforms 66.67% of its industry peers.
BVI has a debt to FCF ratio of 4.23. This is a neutral value as BVI would need 4.23 years to pay back of all of its debts.
BVI's Debt to FCF ratio of 4.23 is in line compared to the rest of the industry. BVI outperforms 51.85% of its industry peers.
A Debt/Equity ratio of 1.48 is on the high side and indicates that BVI has dependencies on debt financing.
BVI's Debt to Equity ratio of 1.48 is on the low side compared to the rest of the industry. BVI is outperformed by 70.37% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.48 | ||
| Debt/FCF | 4.23 | ||
| Altman-Z | 3.11 |
ROIC/WACC1.99
WACC6.4%
2.3 Liquidity
BVI has a Current Ratio of 1.33. 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 1.33 is fine compared to the rest of the industry. BVI outperforms 70.37% of its industry peers.
A Quick Ratio of 1.33 indicates that BVI should not have too much problems paying its short term obligations.
BVI has a Quick ratio of 1.33. This is in the better half of the industry: BVI outperforms 77.78% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.33 | ||
| Quick Ratio | 1.33 |
3. Growth
3.1 Past
BVI shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 4.84%.
Measured over the past 5 years, BVI shows a small growth in Earnings Per Share. The EPS has been growing by 5.76% on average per year.
The Revenue has been growing slightly by 2.11% in the past year.
The Revenue has been growing slightly by 4.12% on average over the past years.
EPS 1Y (TTM)4.84%
EPS 3Y25.66%
EPS 5Y5.76%
EPS Q2Q%4.92%
Revenue 1Y (TTM)2.11%
Revenue growth 3Y8.44%
Revenue growth 5Y4.12%
Sales Q2Q%4.05%
3.2 Future
The Earnings Per Share is expected to grow by 8.72% on average over the next years. This is quite good.
Based on estimates for the next years, BVI will show a small growth in Revenue. The Revenue will grow by 6.53% on average per year.
EPS Next Y7.96%
EPS Next 2Y9.06%
EPS Next 3Y8.83%
EPS Next 5Y8.72%
Revenue Next Year6.4%
Revenue Next 2Y6.63%
Revenue Next 3Y6.58%
Revenue Next 5Y6.53%
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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 22.66, BVI is valued on the expensive side.
Compared to the rest of the industry, the Price/Earnings ratio of BVI is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 28.47. BVI is valued slightly cheaper when compared to this.
A Price/Forward Earnings ratio of 19.50 indicates a rather expensive valuation of BVI.
The rest of the industry has a similar Price/Forward Earnings ratio as BVI.
Compared to an average S&P500 Price/Forward Earnings ratio of 92.74, BVI is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.66 | ||
| Fwd PE | 19.5 |
4.2 Price Multiples
BVI's Enterprise Value to EBITDA is on the same level as the industry average.
BVI's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.56 | ||
| EV/EBITDA | 13.12 |
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)2.85
PEG (5Y)3.94
EPS Next 2Y9.06%
EPS Next 3Y8.83%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.76%, BVI has a reasonable but not impressive dividend return.
BVI's Dividend Yield is a higher than the industry average which is at 2.85.
BVI's Dividend Yield is a higher than the S&P500 average which is at 2.28.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.76% |
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
77.57% of the earnings are spent on dividend by BVI. This is not a sustainable payout ratio.
BVI's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP77.57%
EPS Next 2Y9.06%
EPS Next 3Y8.83%
BUREAU VERITAS SA
EPA:BVI (2/4/2025, 7:00:00 PM)
29.46
+0.16 (+0.55%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)
Earnings (Next)
Inst Owners36.53%
Inst Owner ChangeN/A
Ins Owners0%
Ins Owner ChangeN/A
Market Cap13.37B
Analysts80
Price Target34.32 (16.5%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.76% |
Yearly Dividend0.87
Dividend Growth(5Y)6.55%
DP77.57%
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)0.28%
PT rev (3m)3.9%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.14%
EPS NY rev (3m)-0.14%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.13%
Revenue NY rev (3m)0.13%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.66 | ||
| Fwd PE | 19.5 | ||
| P/S | 2.23 | ||
| P/FCF | 18.56 | ||
| P/OCF | 15.55 | ||
| P/B | 8.2 | ||
| P/tB | N/A | ||
| EV/EBITDA | 13.12 |
EPS(TTM)1.3
EY4.41%
EPS(NY)1.51
Fwd EY5.13%
FCF(TTM)1.59
FCFY5.39%
OCF(TTM)1.89
OCFY6.43%
SpS13.19
BVpS3.59
TBVpS-2.02
PEG (NY)2.85
PEG (5Y)3.94
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.02% | ||
| ROE | 31.01% | ||
| ROCE | 18.78% | ||
| ROIC | 12.73% | ||
| ROICexc | 19.28% | ||
| ROICexgc | 134.71% | ||
| OM | 14.12% | ||
| PM (TTM) | 8.45% | ||
| GM | 94.76% | ||
| FCFM | 12.04% |
ROA(3y)6.79%
ROA(5y)5.5%
ROE(3y)25.59%
ROE(5y)23.2%
ROIC(3y)10.65%
ROIC(5y)9.66%
ROICexc(3y)15.25%
ROICexc(5y)13.98%
ROICexgc(3y)65.59%
ROICexgc(5y)62.89%
ROCE(3y)15.72%
ROCE(5y)14.26%
ROICexcg growth 3Y-7.56%
ROICexcg growth 5Y-9.92%
ROICexc growth 3Y13.38%
ROICexc growth 5Y2.15%
OM growth 3Y13.01%
OM growth 5Y0.62%
PM growth 3Y46.62%
PM growth 5Y4.36%
GM growth 3Y0.41%
GM growth 5Y-0.24%
F-Score8
Asset Turnover0.83
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.48 | ||
| Debt/FCF | 4.23 | ||
| Debt/EBITDA | 2.13 | ||
| Cap/Depr | 49.17% | ||
| Cap/Sales | 2.33% | ||
| Interest Coverage | 53.15 | ||
| Cash Conversion | 76.2% | ||
| Profit Quality | 142.55% | ||
| Current Ratio | 1.33 | ||
| Quick Ratio | 1.33 | ||
| Altman-Z | 3.11 |
F-Score8
WACC6.4%
ROIC/WACC1.99
Cap/Depr(3y)47.27%
Cap/Depr(5y)42.17%
Cap/Sales(3y)2.47%
Cap/Sales(5y)2.41%
Profit Quality(3y)147.19%
Profit Quality(5y)239.4%
High Growth Momentum
Growth
EPS 1Y (TTM)4.84%
EPS 3Y25.66%
EPS 5Y5.76%
EPS Q2Q%4.92%
EPS Next Y7.96%
EPS Next 2Y9.06%
EPS Next 3Y8.83%
EPS Next 5Y8.72%
Revenue 1Y (TTM)2.11%
Revenue growth 3Y8.44%
Revenue growth 5Y4.12%
Sales Q2Q%4.05%
Revenue Next Year6.4%
Revenue Next 2Y6.63%
Revenue Next 3Y6.58%
Revenue Next 5Y6.53%
EBIT growth 1Y11.87%
EBIT growth 3Y22.55%
EBIT growth 5Y4.77%
EBIT Next Year40.72%
EBIT Next 3Y18.15%
EBIT Next 5Y13.07%
FCF growth 1Y29.49%
FCF growth 3Y-2.33%
FCF growth 5Y3.61%
OCF growth 1Y27.45%
OCF growth 3Y0.43%
OCF growth 5Y3.64%