Bouygues EN.PA
Bouygues is a diversified French industrial conglomerate with operations in construction, telecommunications (via Bouygues Telecom), and media (TF1), based on public and private works contracts, telecom services, and advertising. Bouygues presents an attractive valuation (P/E 13.17, FCF yield 18.47%) with moderate financial health (ND/EBITDA 2.15) and a solid dividend (4.87% net). The recent award of a $1.3 billion contract for a data center in Sydney strengthens its backlog and its exposure to the AI investment cycle, although the operating margin remains low (4.83%).
Detailed metrics
Market and fundamental data as of the analysis date.
Full AI report
Generated automatically from the metrics, the macro context and the company's news.
Bouygues is a diversified French industrial conglomerate with operations in construction, telecommunications (via Bouygues Telecom), and media (TF1), based on public and private works contracts, telecom services, and advertising. Bouygues presents an attractive valuation (P/E 13.17, FCF yield 18.47%) with moderate financial health (ND/EBITDA 2.15) and a solid dividend (4.87% net). The recent award of a $1.3 billion contract for a data center in Sydney strengthens its backlog and its exposure to the AI investment cycle, although the operating margin remains low (4.83%).
Score by category
| Category | Score |
|---|---|
| Financial health | 5.0 |
| Quality / Moat | 6.1 |
| Valuation | 8.5 |
| Growth | 5.1 |
| Dividend | 8.1 |
| Momentum | 6.5 |
| Risk & Context | 6.6 |
OVERALL SCORE: 6.6/10
Context and risks
Elevated governance risk in France and exposure to a sector with tight operating margins (4.83%) and high competition. Dependence on government contracts and large infrastructure projects adds regulatory and execution risk.
News considered in the analysis
- Bouygues wins $1.3bn contract for AirTrunk’s Sydney data centre expansion — Contrato de gran magnitud que refuerza la cartera de proyectos de construcción, con exposición al ciclo de capex de IA.
- Bouygues (BOUYY) (H1 2026) Earnings Call Highlights: Record Equans Margin and Strategic ... — Mejora de márgenes en la división Equans, señal positiva de eficiencia operativa.
- Bouygues selected to build Overdale Acute Hospital in Jersey — Nuevo contrato de construcción que amplía la cartera de proyectos, aunque de menor magnitud que el de AirTrunk.
- Bouygues (ENXTPA:EN) Stock Gets Fair Value Bump After Analyst Target Increases — Aumento del precio objetivo por parte de un analista, refleja una visión positiva pero no es un hecho material.
- Is Bouygues (ENXTPA:EN) Cheap After A 54% Five Year Run? — Artículo de análisis genérico sin información nueva.
Verdict: Hold or buy on dips, given the solid valuation and dividend profile, but watch margin trends and execution of new contracts.
Main risk: The main risk is the execution of large construction contracts with tight operating margins (4.83%), which could be pressured by cost inflation and competition in the sector.
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