Company Valuation: Bilfinger SE

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,227 1,011 1,303 1,734 3,996 2,094 - -
Change - -17.63% 28.95% 33.02% 130.51% -47.59% - -
Enterprise Value (EV) 1 843.6 1,011 1,097 1,586 3,916 1,723 1,621 1,491
Change - 19.81% 8.57% 44.5% 146.95% -56.01% -5.9% -8%
P/E 9.35x 38.1x 7.19x 9.66x 22.9x 13.9x 9.72x 8.53x
PBR 0.94x - 1.11x 1.33x 3.03x 1.51x 1.45x 1.4x
PEG - -0.5x 0x -9.35x -12.19x -1.1x 0.2x 0.6x
Capitalization / Revenue 0.33x 0.23x 0.29x 0.34x 0.74x 0.37x 0.36x 0.35x
EV / Revenue 0.23x 0.23x 0.24x 0.31x 0.72x 0.31x 0.28x 0.25x
EV / EBITDA 3.59x 4.23x 3.78x 4.33x 9.4x 4.19x 3.46x 2.96x
EV / EBIT 6.16x 7.22x 5.75x 5.48x 12.8x 6.93x 4.95x 4.05x
EV / FCF 15.7x 7.43x 8.99x 8.39x 11.9x 7.47x 6.21x 6.13x
FCF Yield 6.37% 13.5% 11.1% 11.9% 8.42% 13.4% 16.1% 16.3%
Dividend per Share 2 4.75 - 1.8 2.4 2.8 2.916 3.22 3.606
Rate of return 15.9% - 5.17% 5.19% 2.61% 5.14% 5.68% 6.36%
EPS 2 3.199 0.71 4.84 4.79 4.7 4.084 5.832 6.647
Distribution rate 148% - 37.2% 50.1% 59.6% 71.4% 55.2% 54.3%
Net sales 1 3,737 4,312 4,486 5,038 5,427 5,587 5,798 6,030
EBITDA 1 235 239 290.1 366.1 416.6 410.9 468.8 503.4
EBIT 1 137 140 190.8 289.4 307 248.5 327.6 368.4
Net income 1 130 28 181.5 179.5 176 137.6 208.3 237.4
Net Debt 1 -383.4 - -205.9 -147.9 -80.3 -371.8 -473.4 -603.1
Reference price 2 29.90 27.08 34.82 46.25 107.40 56.70 56.70 56.70
Nbr of stocks (in thousands) 41,037 37,324 37,429 37,484 37,209 36,940 - -
Announcement Date 10/02/22 14/02/23 14/02/24 03/03/25 03/03/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
58.37x2.69x25.68x0.06% 102B
11.76x1.02x5.57x4.97% 66.61B
35.58x4.48x24.33x0.19% 60.72B
24.84x1.93x18.95x1.19% 52.74B
49.38x3.96x25.08x1.96% 38.53B
24.02x1.64x15.14x0.19% 34.7B
27.92x0.7x11.55x2.21% 34.5B
22.53x0.44x7.03x2.74% 29.63B
5.01x0.31x5.98x5.63% 26.75B
Average 28.82x 1.91x 15.48x 2.13% 49.54B
Weighted average by Cap. 32.95x 2.18x 17.31x 1.8%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield