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 30 industry peers in the Professional Services industry. BVI has an excellent profitability rating, 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
In the past year BVI was profitable.
In the past year BVI had a positive cash flow from operations.
Each year in the past 5 years BVI has been profitable.
In the past 5 years BVI always reported a positive cash flow from operatings.
1.2 Ratios
With a decent Return On Assets value of 7.58%, BVI is doing good in the industry, outperforming 71.43% of the companies in the same industry.
BVI's Return On Equity of 26.02% is fine compared to the rest of the industry. BVI outperforms 71.43% of its industry peers.
Looking at the Return On Invested Capital, with a value of 11.49%, BVI is in the better half of the industry, outperforming 64.29% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for BVI is in line with the industry average of 12.20%.
The 3 year average ROIC (10.65%) for BVI is below the current ROIC(11.49%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.58% | ||
| ROE | 26.02% | ||
| ROIC | 11.49% |
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
With a decent Profit Margin value of 8.58%, BVI is doing good in the industry, outperforming 71.43% of the companies in the same industry.
In the last couple of years the Profit Margin of BVI has grown nicely.
BVI has a better Operating Margin (13.78%) than 78.57% of its industry peers.
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 96.66%, BVI belongs to the top of the industry, outperforming 96.43% 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 | 13.78% | ||
| PM (TTM) | 8.58% | ||
| GM | 96.66% |
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.
Compared to 1 year ago, BVI has more shares outstanding
The number of shares outstanding for BVI has been increased compared to 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 3.49 indicates that BVI is not in any danger for bankruptcy at the moment.
BVI has a better Altman-Z score (3.49) than 64.29% of its industry peers.
BVI has a debt to FCF ratio of 3.83. This is a good value and a sign of high solvency as BVI would need 3.83 years to pay back of all of its debts.
BVI has a Debt to FCF ratio of 3.83. This is in the better half of the industry: BVI outperforms 64.29% of its industry peers.
A Debt/Equity ratio of 1.24 is on the high side and indicates that BVI has dependencies on debt financing.
BVI has a Debt to Equity ratio of 1.24. This is in the lower half of the industry: BVI underperforms 64.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.24 | ||
| Debt/FCF | 3.83 | ||
| Altman-Z | 3.49 |
ROIC/WACC1.86
WACC6.18%
2.3 Liquidity
A Current Ratio of 1.67 indicates that BVI should not have too much problems paying its short term obligations.
BVI has a Current ratio of 1.67. This is amongst the best in the industry. BVI outperforms 82.14% of its industry peers.
BVI has a Quick Ratio of 1.67. This is a normal value and indicates that BVI is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.67, BVI belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.67 | ||
| Quick Ratio | 1.67 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 7.63% over the past year.
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.
BVI shows a small growth in Revenue. In the last year, the Revenue has grown by 3.84%.
The Revenue has been growing slightly by 4.12% on average over the past years.
EPS 1Y (TTM)7.63%
EPS 3Y25.66%
EPS 5Y5.76%
EPS growth Q2Q4.76%
Revenue 1Y (TTM)3.84%
Revenue growth 3Y8.44%
Revenue growth 5Y4.12%
Revenue growth Q2Q0.22%
3.2 Future
The Earnings Per Share is expected to grow by 4.97% 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 4.97% yearly.
EPS Next Y8.02%
EPS Next 2Y7.68%
EPS Next 3Y7.97%
EPS Next 5Y4.97%
Revenue Next Year6.06%
Revenue Next 2Y5.89%
Revenue Next 3Y6%
Revenue Next 5Y4.97%
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 stable.
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
The Price/Earnings ratio is 21.80, which indicates a rather expensive current valuation of BVI.
BVI's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 24.92, BVI is valued at the same level.
The Price/Forward Earnings ratio is 20.18, which indicates a rather expensive current valuation of BVI.
BVI's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of BVI to the average of the S&P500 Index (21.49), we can say BVI is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.8 | ||
| Fwd PE | 20.18 |
4.2 Price Multiples
BVI's Enterprise Value to EBITDA is on the same level as the industry average.
64.29% of the companies in the same industry are more expensive than BVI, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.96 | ||
| EV/EBITDA | 12.48 |
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.
The decent profitability rating of BVI may justify a higher PE ratio.
PEG (NY)2.72
PEG (5Y)3.79
EPS Next 2Y7.68%
EPS Next 3Y7.97%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.05%, BVI has a reasonable but not impressive dividend return.
BVI's Dividend Yield is rather good when compared to the industry average which is at 2.64. BVI pays more dividend than 82.14% of the companies in the same industry.
BVI's Dividend Yield is a higher than the S&P500 average which is at 2.43.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.05% |
5.2 History
The dividend of BVI is nicely growing with an annual growth rate of 6.55%!
Dividend Growth(5Y)6.55%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
78.68% 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.
DP78.68%
EPS Next 2Y7.68%
EPS Next 3Y7.97%
BUREAU VERITAS SA
EPA:BVI (4/26/2024, 7:00:00 PM)
27.68
+0.36 (+1.32%)
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 Cap12.55B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.05% |
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)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
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Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
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Revenue beat(16)
Avg Revenue beat(16)
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 | 21.8 | ||
| Fwd PE | 20.18 | ||
| 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)2.72
PEG (5Y)3.79
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.58% | ||
| ROE | 26.02% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 13.78% | ||
| PM (TTM) | 8.58% | ||
| GM | 96.66% | ||
| 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 Turnover0.88
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.24 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.67 | ||
| Quick Ratio | 1.67 | ||
| 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)
Growth
EPS 1Y (TTM)7.63%
EPS 3Y25.66%
EPS 5Y
EPS growth Q2Q
EPS Next Y8.02%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)3.84%
Revenue growth 3Y8.44%
Revenue growth 5Y
Revenue growth 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