Bouygues S.A.

Bouygues is a global industrial group engaged in designing, building and operating structures in public and private buildings, transportation infrastructure and energy and communication networks. Co. operates in three sectors - Construction (Bouygues Construction, Bouygues Immobilier and Colas), Media (TF1) and Telecom (Bouygues Telecom). Construction is engaged in the design and maintenance of projects in the areas of building, civil works, energies and services; Media offers activities covering the audiovisual sector; and Telecom offers mobile broadband services and prepaid card services for smart phones, as well as a range of services including telemessaging, voice mail and WAP
  • TickerEN
  • ISINFR0000120503
  • ExchangeEuronext Paris
  • SectorConstruction & Materials
  • CountryFrance

Analysts

Allan C. Nichols

Morningstar | Despite Preannounced Weak Margins, Bouygues Reports Better 3Q Revenue Growth; Shares Undervalued

Bouygues' preannounced margin shortfall in the construction business didn’t prevent the firm from reporting better nine-month revenue growth than we expected. However, just as we didn’t lower our EUR 45 per share fair value estimate then, we don’t expect to raise it now. We continue to believe the company has no moat and the shares are undervalued. The firm reported strong third-quarter revenue growth of 9.3% year over year. However, part of this was from acquisitions and positive currency movements. On a like-for-like and constant-currency basis, revenue for the nine-month period increased 4...

Allan C. Nichols

Despite Preannounced Weak Margins, Bouygues Reports Better 3Q Revenue Growth; Shares Undervalued

Bouygues' preannounced margin shortfall in the construction business didn’t prevent the firm from reporting better nine-month revenue growth than we expected. However, just as we didn’t lower our EUR 45 per share fair value estimate then, we don’t expect to raise it now. We continue to believe the company has no moat and the shares are undervalued. The firm reported strong third-quarter revenue growth of 9.3% year over year. However, part of this was from acquisitions and positive currency movem...

Eric Lemarie ...
  • Thomas Coudry

BOUYGUES: Q3 results: Construction in line, strong telecoms | BUY | EUR43

BOUYGUES - BUY | EUR43(+33%) Q3 results: Construction in line, strong telecoms Solid results above expectations, driven by telecoms Besides pressure on ABPU in fixed all lights at green in telecoms Current EBIT bang in line with expectations in construction

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Benoit Valleaux
  • Christophe-Raphaël Ganet
  • Jerôme Bodin
  • Khaled Ben Amor
  • Laurence Hofmann
  • Louis Boujard
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Stephane Houri
  • Veysel Taze

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/15/2018

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Alexandre Iatrides ...
  • Rémi Adam

Bouygues : A very good publication in telecoms, October’s warning appears to have been a one-off

>A solid publication in telecoms, in line in construction - Bouygues published Q3 revenues that came in 4.8% above forecasts, up +9.6% (vs +7.8% in Q2) to € 9,476m. The contribution from Miller McAsphalt at Colas offset the impact of the SNCF rail strikes and the difficulties encountered on three contracts at the construction division over recent months. Colas reported revenue growth of +17.3% to € 4,241m (after +12.7% in Q2 and +4.7% excl. Miller), with the construct...

Jean-Christophe Dourret

Bouygues : Bouygues - 1 June 2018

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Jean-Christophe Dourret

Bouygues : Bouygues - 1 juin 2018

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Allan C. Nichols

Morningstar | Despite Preannounced Weak Margins, Bouygues Reports Better 3Q Revenue Growth; Shares Undervalued

Bouygues' preannounced margin shortfall in the construction business didn’t prevent the firm from reporting better nine-month revenue growth than we expected. However, just as we didn’t lower our EUR 45 per share fair value estimate then, we don’t expect to raise it now. We continue to believe the company has no moat and the shares are undervalued. The firm reported strong third-quarter revenue growth of 9.3% year over year. However, part of this was from acquisitions and positive currency movements. On a like-for-like and constant-currency basis, revenue for the nine-month period increased 4...

Allan C. Nichols

Despite Preannounced Weak Margins, Bouygues Reports Better 3Q Revenue Growth; Shares Undervalued

Bouygues' preannounced margin shortfall in the construction business didn’t prevent the firm from reporting better nine-month revenue growth than we expected. However, just as we didn’t lower our EUR 45 per share fair value estimate then, we don’t expect to raise it now. We continue to believe the company has no moat and the shares are undervalued. The firm reported strong third-quarter revenue growth of 9.3% year over year. However, part of this was from acquisitions and positive currency movem...

Eric Lemarie ...
  • Thomas Coudry

BOUYGUES: Q3 results: Construction in line, strong telecoms | BUY | EUR43

BOUYGUES - BUY | EUR43(+33%) Q3 results: Construction in line, strong telecoms Solid results above expectations, driven by telecoms Besides pressure on ABPU in fixed all lights at green in telecoms Current EBIT bang in line with expectations in construction

Alexandre Iatrides ...
  • Rémi Adam

Bouygues : A very good publication in telecoms, October’s warning appears to have been a one-off

>A solid publication in telecoms, in line in construction - Bouygues published Q3 revenues that came in 4.8% above forecasts, up +9.6% (vs +7.8% in Q2) to € 9,476m. The contribution from Miller McAsphalt at Colas offset the impact of the SNCF rail strikes and the difficulties encountered on three contracts at the construction division over recent months. Colas reported revenue growth of +17.3% to € 4,241m (after +12.7% in Q2 and +4.7% excl. Miller), with the construct...

Alexandre Iatrides ...
  • Rémi Adam

Bouygues : Très bonne publication dans les Telecoms, le warning d’octobre nous semble bien un « one-off »

>Publication solide en Télécoms, en ligne sur la Construction - Bouygues a publié ce matin un CA T3 4.8% au-dessus des attentes, en hausse de 9.6% (vs +7.8% au T2) à 9 476 M€. La contribution de Miller McAsphalt chez Colas compense l’impact de la grève SNCF et les difficultés rencontrées sur trois contrats de la division Construction évoquées le mois dernier. Colas progresse de 17.3% à 4 241 M€ (après +12.7% au T2 et +4.7% hors Miller), la Construction ressort à +2% (...

1 director bought/sold after exercising options

A director at Bouygues bought/sold after exercising options 145,657 shares at 37.161EUR and the significance rating of the trade was 89/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing ...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Benoit Valleaux
  • Christophe-Raphaël Ganet
  • Jerôme Bodin
  • Khaled Ben Amor
  • Laurence Hofmann
  • Louis Boujard
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Stephane Houri
  • Veysel Taze

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/15/2018

...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Benoit Valleaux
  • Christophe-Raphaël Ganet
  • Jerôme Bodin
  • Khaled Ben Amor
  • Laurence Hofmann
  • Louis Boujard
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Stephane Houri
  • Veysel Taze

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 15/11/2018

...

Alexandre Iatrides ...
  • Benoit Valleaux
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • Jerôme Bodin
  • Manuel Martin
  • Olivier Lebrun
  • Sven Edelfelt
  • Thomas Effler
  • Vincent Maulay
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 08/30/2018

A number of recent indicators in France have disappointed and the upturn in Legrand’s activity there (16% of sales) has not been as robust as hoped, prompting concerns about underlying difficulties. But we think Legrand’s business in France is in line with market trends and, importantly, the group has found alternative sources of growth. We reiterate our Buy recommendation. Cf. report published today. - - ...

Ibrahim Firdaus

Bouygues

Ibrahim Firdaus

Bouygues

Ibrahim Firdaus

Bouygues

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Ibrahim Firdaus

Bouygues

Ibrahim Firdaus

Bouygues

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GlobalData Department

Bouygues SA (EN) - Power - Deals and Alliances Profile

Summary Bouygues SA (Bouygues) is an industrial group which operates in construction, real estate development, media and telecommunication markets. It undertakes construction contracts for roads, airport runways, seaport, industrial infrastructure, parking areas, recreational facilities, electrical and civil work developments. The company also develops residential, commercial establishments and retail parks; and produces and recycles construction materials such as aggregates, asphalt mixes, bitumen, ready-mix concrete and emulsions and binders. Bouygues also operates television channels, tele...

Thomas Coudry

Telecom services: Market data indicates very poor Bouygues + Iliad net adds in Q2

Telecom services Market data indicates very poor Bouygues + Iliad net adds in Q2 ARCEP’s latest mobile observatory published yesterday shows a sharp slowdown of postpaid market growth in Q2. Given the good numbers published by Orange and SFR, we forecast very poor mobile nets adds for Iliad and Bouygues Telecom cumulated in Q2. Nothing good to expect from the publications, but definitely another catalyst for consolidation.

Bouygues SA (EN) - Power - Deals and Alliances Profile

Summary Bouygues S.A. (Bouygues) is an industrial group which operates in construction contracting, real estate development, media and telecommunication markets. It undertakes construction contracts for roads, airport runways, seaport, industrial infrastructure, parking areas, recreational facilities, electrical and civil work. The company also develops residential housing, commercial establishments and retail parks. It operates television channels, telecommunication networks and offers broadband services to its customers across the world. Bouygues operates internationally through its major s...

ICD Research Department

ASFINAG Wien : Construction - Company Profile & SWOT Analysis

Synopsis ICD Research's "ASFINAG Wien : Construction - Company Profile & SWOT Analysis" contains in depth information and data about the company and its operations. The profile contains a company overview, key facts, major products and services, SWOT analysis, business description, company history, recent developments, key employees as well as company locations and subsidiaries. Summary This report is a crucial resource for industry executives and anyone looking to access key information about "ASFINAG Wien " The report utilizes a wide range of primary and secondary sources, which are anal...

Anaïs Dudout

Proxy Report - 26/04/2018

ITEM 12 Shareholders are called to vote on the renewal of the mandate of Martin Bouygues, Chairman and CEO of the Company since 1989. Although the performance of the company is satisfactory, we are not in favor of the control exercised by the Bouygues Family through the use of double voting rights and overrepresentation on the Board (without any lead independent Director). We therefore recommend opposition.  RESOLUTION 16 Bouygues is one of the few companies in the CAC 40 to still offer its shareholders the use of anti-takeover devices. Already at the general meeting of 2017, the Company was o...

Anaïs Dudout

Proxy Report - 26/04/2018

La présente assemblée générale propose le renouvellement du Président Directeur Général de Bouygues, Martin Bouygues (résolution 12). Proxinvest a estimé que la performance du dirigeant en poste depuis 1989 était plutôt bonne, mais le dirigeant a fait preuve d'une politique en matière de gouvernance qui laisse trop peu de place à la contradiction : insuffisance d'administrateurs libres de conflits d'intérêts, pas d'égalité de traitement des actionnaires puisque maintien du droit de vote double qui bénéficie principalement à la famille, absence d'administrateur référent, etc. Par conséquent, no...

Etude de l'AG du 27/04/2017

Bouygues has appointed two additional Deputy Chief Executive Officers since 1 September 2016: Olivier Roussat and Philippe Marien. Their remuneration is aligned with that of Martin Bouygues, Chairman and Chief Executive Officer. Olivier Roussat will become CEO and Martin Bouygues will remain in his role as Chairman.The Company appeared to have caved under investor pressure with the recent departure of directors linked to its subsidiaries from the Board (Hervé le Bouc and François Bertière for this year).In addition, Bouygues is one of the few companies in the CAC 40 to offer its shareholders t...

Etude de l'AG du 27/04/2017

Bouygues a nommé deux Directeurs Généraux Délégués supplémentaires depuis le 1er septembre 2016 : Olivier Roussat et Philippe Marien. Leur rémunération est alignée sur celle de Martin Bouygues, Président Directeur Général. Olivier Roussat est présenti Directeur Général dans un futur proche et Martin Bouygues garderait la présidence. Un départ progressif des dirigeants de filiales au sein du conseil d'administration s'opère sous la pression des investisseurs (Hervé le Bouc et François Bertière pour cette année). Par ailleurs, Bouygues est l'une des rares sociétés du CAC 40 à proposer à ses acti...

Jérôme VINERIER

Short term view - BOUYGUES : The background trend is clearly bearish.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €30.91. The background trend would be questioned should prices rise above €39.30.

Jérôme VINERIER

Analyse court terme - BOUYGUES : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 30,91 €. La tendance de fond serait remise en cause en cas de franchissement de 39,30 €.

Jérôme VINERIER

Short term view - BOUYGUES : The background trend is clearly bearish.

The background trend is clearly bearish. The movement goes on. The next target is at €30.91, then €28.93. Passing €39.30 would question the continuation of the fall.

Jérôme VINERIER

Analyse court terme - BOUYGUES : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 30,91 €, puis 28,93 €. Le franchissement de 39,30 € remettrait en cause la suite de la baisse.

Jérôme VINERIER

Medium term view - BOUYGUES : The movement goes on.

The trend is bearish. The movement goes on. The next target is at €27.70, then €22.80. Passing €37.96 would question the continuation of the fall.

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