Bilfinger GBF.DE
GermanyIndustrials · Engineering & ConstructionXetra · EUR
84.60 EUR (+54.0%)
5 analysts
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Bilfinger SE is a German engineering and industrial services company that provides maintenance, modernization, and construction solutions for clients in the energy, industrial, and real estate sectors.
Listed on Xetra · Symbol GBF.DE · ETR: GBF · Currency EUR
Key points
from its scores- ✓Attractive valuation8.4
- ✓Attractive dividend8.4
- ✓Favourable backdrop7.5
- ✕Poor share-price trend1.6
- !Average business quality5.0
AI analysis
bottom line, main risk, context and newsValuation and balance sheet are solid, but negative momentum and a low operating margin (4.72%) suggest waiting for improved operational execution before taking a position.
Bilfinger presents solid financial health with net cash (Net Debt/EBITDA of -0.03), an attractive valuation (P/E 10.95, EV/EBITDA 5.78) and a sustainable dividend (net yield 4.52%, payout 55.76%). Growth is moderate (revenue +7.2%, earnings +14.4%), but momentum is very negative (-22.1% over 12 months), reflecting the stock's price weakness.
The main risk is weak momentum (-22.1% over 12 months) and a low operating margin (4.72%), which could indicate execution problems or competitive pressure in its engineering and construction business.
Context and risks
Bilfinger operates in the engineering and construction sector, with exposure to industrial and infrastructure projects. Its domicile in Germany carries moderate governance risk, but the main contextual risk is the sensitivity of its business to industrial investment cycles, which can be affected by economic uncertainty and interest rates. However, its balance sheet is solid (negative net debt), mitigating the direct impact of rates.
Is Bilfinger stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 59% below the Industrials median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 10.9 | 25.4 | −57% |
| EV / EBITDA | 5.8 | 14.5 | −60% |
| Price / book | 1.5 | 4.1 | −63% |
| Price / sales | 0.4 | 2.1 | −82% |
Sector: median of the 388 Industrials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 8.4 out of 10 (median for Industrials: 5.0).
Average analyst target: 84.60 EUR, +54.0% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 7.0 (sector 6.4), Growth 6.5 (sector 6.6).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Industrials medianValuation
- P/E
- 10.9
- Forward P/E
- 9.2
- EV / EBITDA
- 5.8
- Price / book
- 1.5
- Price / sales
- 0.4
- PEG
- 3.62
- Market cap
- 2.0B EUR
- Enterprise value
- 2.0B EUR
Profitability
- ROE
- 14.7%
- ROA
- 5.0%
- ROIC (approx.)
- 16.8%
- Gross margin
- 11.1%
- Operating margin
- 4.7%
- Net margin
- 3.4%
- Free cash flow
- 129.1M EUR
- FCF yield
- 6.4%
- Cash conversion
- 37%
Solvency
- Total debt
- 222.5M EUR
- Net debt
- −10.1M EUR
- Cash
- 232.6M EUR
- EBITDA
- 352.4M EUR
- Net debt / EBITDA
- −0.03
- Debt / equity
- 16.38
- Current ratio
- 1.21
- Quick ratio
- 1.07
Growth
- Revenue growth
- +7.2%
- Earnings growth
- +14.4%
- EPS (TTM)
- 5.02 EUR
- EPS (forward)
- 6.00 EUR
Dividend
- Dividend yield
- 5.1%
- Payout
- 55.8%
Risk and market
- Beta
- 0.66
- Analyst consensus
- Buy (5)
- Target price
- 84.60 EUR
- 52-week range
- 54.80 – 129.30
Recent news
All GBF.DE news →Compare it with its sector
All 388 in Industrials →Frequently asked questions about Bilfinger
Is Bilfinger stock cheap or expensive?
On P/E and EV / EBITDA, it trades 59% below the Industrials median on average. Valuation score: 8.4 out of 10 (median for Industrials: 5.0). Average analyst target: 84.60 EUR, +54.0% versus the price. This is not investment advice.
What score does Bilfinger get on MeridIAn Screener?
It scores 6.5 out of 10, rank 533 of 2,130 (better than 72% of the companies analysed). Its strongest category is Valuation (8.4) and its weakest, Momentum (1.6). Analysis of 08/10/2026.
What is Bilfinger's P/E ratio?
Its P/E is 10.9: the share price equals 10.9 times earnings per share over the last 12 months. The Industrials median is 25.4. Based on the earnings analysts expect, the forward P/E is 9.2.
How much is Bilfinger worth on the stock market?
Its market capitalisation is 2.0B EUR and its enterprise value, debt included, is 2.0B EUR.
How much debt does Bilfinger have?
It has more cash than debt: net cash of 10.1M EUR.
Does Bilfinger pay a dividend?
Yes: its dividend yield is 5.10% and it pays out 56% of its earnings.
How has Bilfinger stock performed over the last year?
It has fallen 43.9% over the last year, excluding dividends. Over the last 52 weeks it has traded between 54.80 and 129.30 EUR. Past performance does not guarantee future results.
What do analysts think of Bilfinger?
5 analysts cover it; their average recommendation is “Buy” and their average target is 84.60 EUR (+54.0% versus the price). It is an estimate, not market data.