Bouygues SA
Bouygues SA, together with its subsidiaries, operates in the construction, energies and services, telecom, and media sectors in France and internationally. It operates through Colas, Bouygues Construction, Bouygues Immobilier, Equans, Bouygues Telecom, TF1, and Other segments. The company engages i…
Bouygues SA, together with its subsidiaries, operates in the construction, energies and services, telecom, and media sectors in France and internationally. It operates through Colas, Bouygues Construction, Bouygues Immobilier, Equans, Bouygues Telecom, TF1, and Other segments. The company engages in the construction and maintenance of roads; production, distribution, sale, and recycling of aggregates, emulsions, asphalt mixes, ready-mix concrete, and bitumen; design, construction, upgrade, and maintenance of rail networks; design, construction, refurbishment, and renovation of buildings, as well as property development and consulting; public works, which include civil engineering, bridges, nuclear power station, tunnels and underground structures, prestressing, and stay cable systems; and concession activities. It is also involved in property development of housing, offices, and hotels; urban operations; design, building, management, and decarbonization of electrical installations; mechanical and robotics; HVAC; cooling and fire protection; facility management solutions, including technical services for installations; and digital technology and ICT services. In addition, the company engages in the roll out, maintenance, and management of mobile and fixed networks; B2C and B2B services; production, editing, and broadcasting of televisual content; music production and live events; and creation and distribution of programmes for TV channels and digital platforms. Further, it operates unencrypted television channels comprising TF1, TMC, TFX, TF1 Séries Films, and LCI; theme television channels consisting of Ushuaia TV, Histoire TV, TV Breizh, and Série Club; TF1+, a free streaming platform for family entertainment and news; TFOU MAX, an on-demand platform; and TF1 PUB, an advertising sales unit. The company exports its products. Bouygues SA was founded in 1952 and is headquartered in Paris, France.Looks undervalued
Why: Free cash flow cannot be used (negative or far below earnings, with too little history to normalise it), so value is based on reinvestment-adjusted earnings.
Details and the full model are below.
Market price below modeled range
Showing the DCF (trailing free cash flow) you selected on the company card, using 5.04% growth, 2.7% terminal growth and 10% discount. The range varies these assumptions slightly; it is illustrative, not investment advice.
Assumptions: growth 5.04%, discount rate 10%, terminal growth 2.70% (sector defaults). See a worked example.
Blended growth assumption: 5.0% (sector default 6.2%, own revenue history 8.6%, analyst revenue consensus 2.7%).
5-year outlook: relative outlook of about 9.8% a year (Medium confidence), anchored to a 7% market return and adjusted for how this company ranks against others. A ranking aid, not a prediction. See the full forecast.
Analyst consensus expects revenue growth of 2.7% a year; the growth assumption used is 5.0%.
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Why this model: Free cash flow cannot be used (negative or far below earnings, with too little history to normalise it), so value is based on reinvestment-adjusted earnings.
Compare models- Recommended: Earnings-based DCF — EUR 35.33 (-15.1%)
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EPS-based Gordon proxy
— EUR 45.71 (+9.8%)
Not used: Treats all earnings as if paid out and ignores the cash kept for reinvestment, so it overstates value for companies that retain most profit.
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DCF (trailing free cash flow)
— EUR 86.32 (+107.4%)
Not used: Free cash flow is 2.2x net income, which usually means costs such as lease payments sit outside operating cash flow, so it may be overstated.
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FCFF (steady state)
— EUR 75.77 (+82.0%)
Not used: Free cash flow is 2.2x net income, which usually means costs such as lease payments sit outside operating cash flow, so it may be overstated.
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EV/EBITDA (12x)
— not applicable
Not used: Cannot be computed: EBITDA is missing, zero or negative.
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Fade DCF (10-year growth fade)
— EUR 85.93 (+106.4%)
Not used: Free cash flow is 2.2x net income, which usually means costs such as lease payments sit outside operating cash flow, so it may be overstated.
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EV/Sales (Rule of 40)
— EUR 120.56 (+189.6%)
Not used: Used only for technology and communication companies whose cash-flow value is far below the price.
| Bear EUR 44.91 | 7.3% |
| Base EUR 86.32 | 51.8% |
| Bull EUR 167.14 | 75.1% |
Margin = (value − price) / value, so it is measured against the value and reads lower than the upside to value, which is measured against the price. Positive means the price is below that case.
Track record: see the methodology page for how this model has performed historically, including its limits. Treat it as a screen, not a forecast.
Price history and fair value
No chartable saved daily price history is available for this range. The chart uses stored EODHD prices only and will appear after history is saved.
More detail: quality, peers, price history, dividends and financials
Quality score: 60 / 100
Five equal checks on reported history: profitability, cash generation, revenue growth, balance sheet and margins. It describes business quality, not whether the price is attractive.
| Profitability | 5 of 5 years profitable | 20 / 20 |
| Cash generation | free cash flow positive in 5 of 5 years | 20 / 20 |
| Growth | revenue +6.1% a year | 20 / 20 |
| Balance sheet | net debt with no EBITDA | 0 / 20 |
| Margins | EBITDA margin -12% | 0 / 20 |
Peers in Industrials
Same-sector companies with a valuation, most undervalued first. Compare the margin of safety, yield and quality score side by side.
| Company | Price | Margin of safety | P/E | P/B | Yield | Quality |
|---|---|---|---|---|---|---|
| EN.PA (this company) | EUR 41.63 | -17.8% | 12.8 | 1.3 | 4.8% | 60 |
| EZJ.L easyJet plc | GBP 6.84 | 74.5% | 10.6 | 1.5 | 1.7% | 78 |
| WAWI.OL Wallenius Wilhelmsen ASA | NOK 160.60 | 64.7% | 7.1 | 2.2 | 0.3% | 100 |
| IAG.L International Consolidated Airlines Group S.A. | GBP 4.31 | 59.5% | 7.9 | 3.4 | 1.8% | 92 |
| TPK.L Travis Perkins plc | GBP 6.45 | 55.4% | – | 0.8 | 2.1% | 46 |
| DFDS.CO DFDS A/S | DKK 153.20 | 47.3% | – | 0.6 | – | 64 |
| SRP.L Serco Group plc | GBP 2.79 | 45.8% | 19.8 | 3.3 | 1.5% | 82 |
| DG.PA VINCI SA | EUR 110.60 | 42.8% | 12.8 | 2.0 | 4.2% | 90 |
| HAFNI.OL Hafnia Limited | NOK 88.95 | 40.9% | 7.2 | 1.8 | 1.2% | 100 |
| Peer median | 9.2 | 1.9 | ||||
Dividends
Paid in the last 12 months: EUR 2.10 per share · yield 5.04% at the current price.
| Year | Dividends per share |
|---|---|
| 2026 (so far) | 2.100 |
| 2025 | 2.000 |
| 2024 | 1.900 |
| 2023 | 1.800 |
| 2022 | 1.800 |
| 2021 | 1.700 |
Trailing 12-month financials
TTM through 30 Jun 2026 · quarterly EODHD data · data downloaded 05 Nov 2026 16:06
| Revenue | EUR 56,299,000,000 |
|---|---|
| EBITDA | EUR -6,860,000,000 |
| EBIT | EUR -9,890,000,000 |
| Net income | EUR 1,252,000,000 |
| Free cash flow | EUR 2,775,000,000 |
| Capital expenditures | EUR 2,409,000,000 |
| Debt | EUR 14,697,000,000 |
| Cash | EUR 4,855,000,000 |
| Working capital | EUR -3,822,000,000 |
| Shares outstanding | 385,328,000 |