BUREAU VERITAS SA (BVI.PA) Stock Fundamental Analysis
EPA:BVI - Euronext Paris - Matif - FR0006174348 - Common Stock - Currency: EUR
Taking everything into account, BVI scores 6 out of 10 in our fundamental rating. BVI was compared to 27 industry peers in the Professional Services industry. BVI has an excellent profitability rating, but there are some minor concerns on its financial health. BVI is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year BVI was profitable.
BVI had a positive operating cash flow in the past year.
BVI had positive earnings in each of the past 5 years.
Each year in the past 5 years BVI had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 7.91%, BVI is in the better half of the industry, outperforming 77.78% of the companies in the same industry.
BVI's Return On Equity of 28.88% is amongst the best of the industry. BVI outperforms 81.48% of its industry peers.
BVI has a better Return On Invested Capital (13.18%) than 77.78% 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 11.35%.
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
The Profit Margin of BVI (9.12%) is better than 85.19% of its industry peers.
In the last couple of years the Profit Margin of BVI has grown nicely.
BVI's Operating Margin of 14.53% is amongst the best of the industry. BVI outperforms 85.19% of its industry peers.
BVI's Operating Margin has been stable in the last couple of years.
With an excellent Gross Margin value of 103.26%, BVI belongs to the best 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 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
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 about the same amout of shares outstanding than it did 5 years ago.
The debt/assets ratio for BVI is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 3.24 indicates that BVI is not in any danger for bankruptcy at the moment.
With a decent Altman-Z score value of 3.24, BVI is doing good in the industry, outperforming 74.07% 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.
BVI has a Debt/Equity ratio of 1.13. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.13, BVI perfoms like the industry average, outperforming 40.74% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.13 | ||
| Debt/FCF | 3.36 | ||
| Altman-Z | 3.24 |
ROIC/WACC1.95
WACC6.76%
2.3 Liquidity
A Current Ratio of 1.29 indicates that BVI should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.29, BVI is in the better half of the industry, outperforming 74.07% of the companies in the same industry.
A Quick Ratio of 1.29 indicates that BVI should not have too much problems paying its short term obligations.
BVI's Quick ratio of 1.29 is fine compared to the rest of the industry. BVI outperforms 77.78% 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.
BVI shows a small growth in Revenue. In the last year, the Revenue has grown by 6.36%.
BVI shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.12% yearly.
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 6.81% on average per year.
The Revenue is expected to grow by 5.69% on average over the next years.
EPS Next Y9.27%
EPS Next 2Y8.92%
EPS Next 3Y8.48%
EPS Next 5Y6.81%
Revenue Next Year7.13%
Revenue Next 2Y6.73%
Revenue Next 3Y6.54%
Revenue Next 5Y5.69%
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
BVI is valuated rather expensively with a Price/Earnings ratio of 20.46.
BVI's Price/Earnings ratio is a bit cheaper when compared to the industry. BVI is cheaper than 70.37% of the companies in the same industry.
When comparing the Price/Earnings ratio of BVI to the average of the S&P500 Index (28.10), we can say BVI is valued slightly cheaper.
BVI is valuated rather expensively with a Price/Forward Earnings ratio of 18.73.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BVI is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 20.74. BVI is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.46 | ||
| Fwd PE | 18.73 |
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 | 14.99 | ||
| EV/EBITDA | 12.12 |
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.
The excellent profitability rating of BVI may justify a higher PE ratio.
PEG (NY)2.21
PEG (5Y)3.28
EPS Next 2Y8.92%
EPS Next 3Y8.48%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.23%, BVI has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.12, 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 2.43.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.23% |
5.2 History
On average, the dividend of BVI grows each year by 32.58%, which is quite nice.
Dividend Growth(5Y)32.58%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
BVI pays out 71.46% of its income as dividend. This is not a sustainable payout ratio.
BVI's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP71.46%
EPS Next 2Y8.92%
EPS Next 3Y8.48%
EPA:BVI (5/5/2025, 7:00:00 PM)
28.24
+0.08 (+0.28%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)
Earnings (Next)
Inst Owners42.01%
Inst Owner ChangeN/A
Ins Owners0%
Ins Owner ChangeN/A
Market Cap12.82B
Analysts79
Price Target35.07 (24.19%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.23% |
Yearly Dividend0.9
Dividend Growth(5Y)32.58%
DP71.46%
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)-0.13%
PT rev (3m)2.19%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.78%
EPS NY rev (3m)-0.17%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.46%
Revenue NY rev (3m)0.24%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.46 | ||
| Fwd PE | 18.73 | ||
| P/S | 2.05 | ||
| P/FCF | 14.99 | ||
| P/OCF | 12.8 | ||
| P/B | 6.5 | ||
| P/tB | N/A | ||
| EV/EBITDA | 12.12 |
EPS(TTM)1.38
EY4.89%
EPS(NY)1.51
Fwd EY5.34%
FCF(TTM)1.88
FCFY6.67%
OCF(TTM)2.21
OCFY7.81%
SpS13.75
BVpS4.34
TBVpS-1.78
PEG (NY)2.21
PEG (5Y)3.28
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 | 3.24 |
F-Score7
WACC6.76%
ROIC/WACC1.95
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 5Y6.81%
Revenue 1Y (TTM)6.36%
Revenue growth 3Y7.81%
Revenue growth 5Y4.12%
Sales Q2Q%8.62%
Revenue Next Year7.13%
Revenue Next 2Y6.73%
Revenue Next 3Y6.54%
Revenue Next 5Y5.69%
EBIT growth 1Y12.09%
EBIT growth 3Y9.08%
EBIT growth 5Y4.64%
EBIT Next Year42.27%
EBIT Next 3Y17.85%
EBIT Next 5Y13.49%
FCF growth 1Y29.18%
FCF growth 3Y8.5%
FCF growth 5Y4.31%
OCF growth 1Y22.14%
OCF growth 3Y8.19%
OCF growth 5Y4.06%