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 valied quite expensively at the moment, while it does show 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.
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.
1.2 Ratios
The Return On Assets of BVI (7.91%) is better than 83.33% of its industry peers.
Looking at the Return On Equity, with a value of 28.88%, BVI belongs to the top of the industry, outperforming 86.67% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 13.18%, BVI is in the better half of the industry, outperforming 76.67% 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 10.46%.
The last Return On Invested Capital (13.18%) for BVI is above the 3 year average (11.84%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.91% | ||
| ROE | 28.88% | ||
| ROIC | 13.18% |
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
With a decent Profit Margin value of 9.12%, BVI is doing good in the industry, outperforming 80.00% of the companies in the same industry.
BVI's Profit Margin has improved in the last couple of years.
BVI has a Operating Margin of 14.53%. This is in the better half of the industry: BVI outperforms 80.00% of its industry peers.
BVI's Operating Margin has been stable in the last couple of years.
BVI has a better Gross Margin (103.26%) than 96.67% of its industry peers.
BVI's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.53% | ||
| PM (TTM) | 9.12% | ||
| GM | 103.26% |
OM growth 3Y1.18%
OM growth 5Y0.5%
PM growth 3Y2.59%
PM growth 5Y4.81%
GM growth 3Y1.43%
GM growth 5Y0.65%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), 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
An Altman-Z score of 3.31 indicates that BVI is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.31, BVI is in the better half of the industry, outperforming 70.00% of the companies in the same industry.
The Debt to FCF ratio of BVI is 3.36, which is a good value as it means it would take BVI, 3.36 years of fcf income to pay off all of its debts.
BVI has a better Debt to FCF ratio (3.36) than 66.67% of its industry peers.
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 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.13 | ||
| Debt/FCF | 3.36 | ||
| Altman-Z | 3.31 |
ROIC/WACC1.98
WACC6.66%
2.3 Liquidity
A Current Ratio of 1.29 indicates that BVI should not have too much problems paying its short term obligations.
The Current ratio of BVI (1.29) is better than 66.67% 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 73.33% 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 8.66%, which is quite good.
The Earnings Per Share has been growing slightly by 6.23% on average over the past years.
The Revenue has been growing slightly by 6.36% 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)8.66%
EPS 3Y8.85%
EPS 5Y6.23%
EPS Q2Q%12.12%
Revenue 1Y (TTM)6.36%
Revenue growth 3Y7.81%
Revenue growth 5Y4.12%
Sales Q2Q%8.62%
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 7.63% on average per year.
BVI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.58% yearly.
EPS Next Y9.27%
EPS Next 2Y8.92%
EPS Next 3Y8.48%
EPS Next 5Y7.63%
Revenue Next Year5.79%
Revenue Next 2Y5.87%
Revenue Next 3Y5.98%
Revenue Next 5Y6.58%
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.
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
Based on the Price/Earnings ratio of 21.15, the valuation of BVI can be described as rather expensive.
The rest of the industry has a similar Price/Earnings ratio as BVI.
Compared to an average S&P500 Price/Earnings ratio of 26.98, BVI is valued a bit cheaper.
The Price/Forward Earnings ratio is 19.36, which indicates a rather expensive current valuation of BVI.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BVI is on the same level as its industry peers.
BVI is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 21.49, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.15 | ||
| Fwd PE | 19.36 |
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 is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.49 | ||
| EV/EBITDA | 12.61 |
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)2.28
PEG (5Y)3.39
EPS Next 2Y8.92%
EPS Next 3Y8.48%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.14%, BVI has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.01, 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 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.14% |
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
BVI pays out 71.46% of its income as dividend. 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.
DP71.46%
EPS Next 2Y8.92%
EPS Next 3Y8.48%
EPA:BVI (6/30/2025, 4:29:56 PM)
29.19
-0.25 (-0.85%)
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 Cap13.25B
Analysts79
Price Target34.63 (18.64%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.14% |
Yearly Dividend0.9
Dividend Growth(5Y)32.58%
DP71.46%
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%
PT rev (3m)-1.37%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-0.78%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.7%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.15 | ||
| Fwd PE | 19.36 | ||
| P/S | 2.12 | ||
| P/FCF | 15.49 | ||
| P/OCF | 13.23 | ||
| P/B | 6.72 | ||
| P/tB | N/A | ||
| EV/EBITDA | 12.61 |
EPS(TTM)1.38
EY4.73%
EPS(NY)1.51
Fwd EY5.17%
FCF(TTM)1.88
FCFY6.46%
OCF(TTM)2.21
OCFY7.56%
SpS13.75
BVpS4.34
TBVpS-1.78
PEG (NY)2.28
PEG (5Y)3.39
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.91% | ||
| ROE | 28.88% | ||
| ROCE | 19.33% | ||
| ROIC | 13.18% | ||
| ROICexc | 17.79% | ||
| ROICexgc | 88.37% | ||
| OM | 14.53% | ||
| PM (TTM) | 9.12% | ||
| GM | 103.26% | ||
| FCFM | 13.7% |
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 Turnover0.87
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.13 | ||
| Debt/FCF | 3.36 | ||
| Debt/EBITDA | 1.87 | ||
| Cap/Depr | 51.43% | ||
| Cap/Sales | 2.34% | ||
| Interest Coverage | 41.78 | ||
| Cash Conversion | 84.11% | ||
| Profit Quality | 150.21% | ||
| Current Ratio | 1.29 | ||
| Quick Ratio | 1.29 | ||
| Altman-Z | 3.31 |
F-Score7
WACC6.66%
ROIC/WACC1.98
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)8.66%
EPS 3Y8.85%
EPS 5Y6.23%
EPS Q2Q%12.12%
EPS Next Y9.27%
EPS Next 2Y8.92%
EPS Next 3Y8.48%
EPS Next 5Y7.63%
Revenue 1Y (TTM)6.36%
Revenue growth 3Y7.81%
Revenue growth 5Y4.12%
Sales Q2Q%8.62%
Revenue Next Year5.79%
Revenue Next 2Y5.87%
Revenue Next 3Y5.98%
Revenue Next 5Y6.58%
EBIT growth 1Y12.09%
EBIT growth 3Y9.08%
EBIT growth 5Y4.64%
EBIT Next Year40.38%
EBIT Next 3Y17.17%
EBIT Next 5Y12.81%
FCF growth 1Y29.18%
FCF growth 3Y8.5%
FCF growth 5Y4.31%
OCF growth 1Y22.14%
OCF growth 3Y8.19%
OCF growth 5Y4.06%