BUREAU VERITAS SA (BVI.PA)
FR0006174348 - Common Stock
Taking everything into account, BVI scores 5 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. While showing a medium growth rate, BVI is valued expensive at the moment.
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.
In the past 5 years BVI always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of BVI (7.02%) is better than 67.86% of its industry peers.
The Return On Equity of BVI (31.01%) is better than 82.14% of its industry peers.
Looking at the Return On Invested Capital, with a value of 12.73%, BVI is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for BVI is in line with the industry average of 11.65%.
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 71.43% of its industry peers.
BVI's Profit Margin has improved in the last couple of years.
With a decent Operating Margin value of 14.12%, BVI is doing good in 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 94.76%, BVI is in the better half of the industry, outperforming 78.57% 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 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.
BVI has more shares outstanding than it did 5 years ago.
The debt/assets ratio for BVI has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 3.10 indicates that BVI is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.10, BVI is in line with its industry, outperforming 53.57% of the companies in the same industry.
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 has a Debt to FCF ratio of 4.23. This is comparable to the rest of the industry: BVI outperforms 50.00% 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.
Looking at the Debt to Equity ratio, with a value of 1.48, BVI is doing worse than 71.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.48 | ||
| Debt/FCF | 4.23 | ||
| Altman-Z | 3.1 |
ROIC/WACC1.99
WACC6.39%
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 has a Current ratio of 1.33. This is in the better half of the industry: BVI outperforms 60.71% of its industry peers.
A Quick Ratio of 1.33 indicates that BVI should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.33, BVI is in the better half of the industry, outperforming 67.86% of the companies in the same industry.
| 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%.
BVI shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 5.76% yearly.
The Revenue has been growing slightly by 2.11% in the past year.
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)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
BVI is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.96% yearly.
Based on estimates for the next years, BVI will show a small growth in Revenue. The Revenue will grow by 4.98% on average per year.
EPS Next Y9.1%
EPS Next 2Y8.75%
EPS Next 3Y8.83%
EPS Next 5Y6.96%
Revenue Next Year6.57%
Revenue Next 2Y6.5%
Revenue Next 3Y6.5%
Revenue Next 5Y4.98%
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
Based on the Price/Earnings ratio of 23.24, the valuation of BVI can be described as rather expensive.
BVI's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 31.52, BVI is valued a bit cheaper.
With a Price/Forward Earnings ratio of 20.11, BVI is valued on the expensive side.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BVI is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.55, BVI is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.24 | ||
| Fwd PE | 20.11 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BVI is on the same level as its industry peers.
BVI's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.75 | ||
| EV/EBITDA | 13.06 |
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 a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.55
PEG (5Y)4.04
EPS Next 2Y8.75%
EPS Next 3Y8.83%
5. Dividend
5.1 Amount
BVI has a Yearly Dividend Yield of 2.86%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 2.90, BVI pays a bit more dividend than its industry peers.
BVI's Dividend Yield is a higher than the S&P500 average which is at 2.22.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.86% |
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
BVI pays out 77.57% of its income as dividend. This is not a sustainable payout ratio.
The dividend of BVI is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP77.57%
EPS Next 2Y8.75%
EPS Next 3Y8.83%
BUREAU VERITAS SA
EPA:BVI (10/14/2024, 5:29:55 PM)
30.21
+0.63 (+2.13%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap13.51B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.86% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
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Revenue beat(2)
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Min Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.24 | ||
| Fwd PE | 20.11 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)2.55
PEG (5Y)4.04
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.02% | ||
| ROE | 31.01% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 14.12% | ||
| PM (TTM) | 8.45% | ||
| GM | 94.76% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.83
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.48 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.33 | ||
| Quick Ratio | 1.33 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)4.84%
EPS 3Y25.66%
EPS 5Y
EPS Q2Q%
EPS Next Y9.1%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)2.11%
Revenue growth 3Y8.44%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y