Nachrichten |
| Datum / Uhrzeit |
Titel |
Bewertung |
| 09.10.25 04:27:38 |
Es deutet eine interne Berechnung bei Bilfinger SE darauf hin, dass das Unternehmen 49% unterbewertet ist. |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
Okay, here’s a 600-word summary and translation of the provided text, focusing on the key insights and financial analysis:
**Summary (approx. 600 words)**
This analysis utilizes a two-stage Discounted Cash Flow (DCF) model to assess the fair value of Bilfinger SE (GBF), a German industrial services company. The core finding is that GBF is currently significantly undervalued, estimated at €198 per share, representing a 49% discount to the analyst’s projected fair value of €101.
The DCF model breaks down the valuation into two phases. The first stage, spanning the next ten years, incorporates projected free cash flow (FCF) growth. Simply Wall St utilizes analyst estimates for this period, projecting FCF growth at 1.39% per year. The model utilizes a discount rate of 5%, reflecting the company’s cost of equity, determined via a levered beta of 0.859 (derived from a global industry average). The projected cash flows translate to a present value of €2.2 billion.
The second stage involves calculating the ‘Terminal Value’, accounting for all future cash flows beyond the initial 10-year period. This is calculated using the Gordon Growth Model, assuming a terminal growth rate of 1.4% (based on the 5-year government bond yield), resulting in a terminal value of approximately €8.5 billion. This terminal value is then discounted back to the present value, yielding an additional €5.2 billion.
Combining the present value of the 10-year cash flows and the discounted terminal value, the DCF model arrives at a total equity value of €7.4 billion. Dividing this by the current share price of €100, yields an estimated fair value of €198 per share.
The analysis highlights several key assumptions and limitations. The DCF is sensitive to the discount rate and the terminal growth rate. The model does not account for industry cyclicality or capital expenditure requirements, offering an incomplete picture. The beta of 0.859 is derived from a global industry average, and the range of 0.8 – 2.0 imposes a limit.
Furthermore, the company’s financial performance is scrutinized, identifying both strengths and weaknesses. Bilfinger maintains a debt-free balance sheet and covers dividends with earnings and cash flows. However, earnings have declined in the past year, and the dividend yield is below the average for the commercial services sector.
The report suggests that the share price is trading below the estimated fair value due to potentially underestimated future growth. The analysts encourage investors to consider various scenarios and assumptions to assess the valuation’s sensitivity. They also highlight three key factors: a risk warning, a comparison of GBF’s growth rate to its peers, and a recommendation to explore other solid businesses with similar financial characteristics.
**German Translation (approx. 600 words)**
**Zusammenfassung der Schlüsselinformationen**
Diese Analyse nutzt ein zweistufiges Discounted Cash Flow (DCF)-Modell, um den fairen Wert von Bilfinger SE (GBF), einem deutschen Industrie-Dienstleistungsunternehmen, zu bewerten. Das zentrale Ergebnis ist, dass GBF derzeit deutlich unterbewertet ist, mit einem geschätzten Wert von 198 Euro pro Aktie, was einem Abschlag von 49 % gegenüber der von Analysten prognostizierten fairen Bewertung von 101 Euro entspricht.
Das DCF-Modell unterteilt die Bewertung in zwei Phasen. Die erste Phase, die die nächsten zehn Jahre umfasst, berücksichtigt die prognostizierten freien Cashflows (FCF) Wachstum. Simply Wall St verwendet Analystenschätzungen für diesen Zeitraum und prognostiziert ein FCF-Wachstum von 1,39 % pro Jahr. Das Modell verwendet einen Abzinsungssatz von 5 %, der auf den Kosten des Eigenkapitals basiert, ermittelt anhand eines Leverage-Betas von 0,859. Die prognostizierten Cashflows ergeben einen Wert von 2,2 Milliarden Euro.
Die zweite Phase beinhaltet die Berechnung des "Terminals Werts", der alle zukünftigen Cashflows über die erste Phase hinaus berücksichtigt. Dies wird mit dem Gordon-Wachstumsmodell berechnet, wobei ein Terminal-Wachstumsrate von 1,4 % (basierend auf der 5-jährigen Staatsanleihenrendite von 1,4 %) angenommen wird, was zu einem Terminalwert von etwa 8,5 Milliarden Euro führt. Dieser Terminalwert wird dann auf den heutigen Wert abgezinst, was einen weiteren Wert von 5,2 Milliarden Euro ergibt.
Durch die Kombination des heutigen Werts der Cashflows über die nächsten zehn Jahre und des abgezinsten Terminalwerts ergibt das DCF-Modell einen Gesamt-Eigenkapitalwert von 7,4 Milliarden Euro. Durch die Division dieser Summe durch den aktuellen Aktienkurs von 100 Euro ergibt sich eine geschätzte faire Bewertung von 198 Euro pro Aktie.
Die Analyse hebt mehrere Schlüsselannahmen und Einschränkungen hervor. Das DCF ist sensibel gegenüber dem Abzinsungssatz und der Terminal-Wachstumsrate. Das Modell berücksichtigt nicht die zyklische Natur der Branche oder die zukünftigen Investitionsanforderungen, was ein unvollständiges Bild der potenziellen Unternehmensleistung bietet. Das Beta von 0,859 wird aus einem globalen Branchenmittelwert ermittelt, und der Bereich von 0,8 – 2,0 setzt eine Obergrenze.
Darüber hinaus wird die finanzielle Leistung des Unternehmens unter die Lupe genommen und sowohl Stärken als auch Schwächen identifiziert. Bilfinger weist eine Schuldfreie Bilanz auf und deckt Dividenden mit Erträgen und Cashflows ab. Allerdings sind die Erträge in den letzten Jahren gesunken, und die Dividendenausschüttungsrate liegt unter dem Durchschnitt für den Bereich der kommerziellen Dienstleistungen.
Der Bericht legt nahe, dass der Aktienkurs aufgrund von unterschätztem zukünftigem Wachstum unter dem geschätzten fairen Wert liegt. Die Analysten ermutigen Investoren, verschiedene Szenarien und Annahmen zu berücksichtigen, um die Bewertungsempfindlichkeit zu beurteilen. Sie heben auch drei wichtige Faktoren hervor: eine Risikowarnung, einen Vergleich des GBF-Wachstums mit dem seiner Wettbewerber und die Empfehlung, andere solide Unternehmen mit ähnlichen finanziellen Charakteristiken zu prüfen.
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| 05.09.25 09:44:28 |
Gibt es jetzt eine Chance bei Bilfinger SE? |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
**Zusammenfassung (ca. 500 Wörter)**
Diese Analyse konzentriert sich auf Bilfinger SE (GBF), ein deutsches Industrie-Dienstleistung Unternehmen, das kürzlich einen bemerkenswerten Preisanstieg erfahren hat. Trotz dieser Gewinne untersucht der Artikel, ob es immer noch eine Gelegenheit zum Kaufen bietet.
Der Kern der Bewertung dreht sich um das Kurs-Gewinn-Verhältnis (KGV) von Bilfinger. Mit 18,01x liegt es leicht über dem Branchenmittel von 16,57x. Dies deutet darauf hin, dass Investoren für die Gewinne des Unternehmens einen angemessenen Aufpreis zahlen. Aufgrund des etablierten Status von Bilfinger und der Analystenüberwachung spiegelt der aktuelle Preis wahrscheinlich die Perspektiven des Unternehmens wider.
Trotzdem verspricht der erwartete Gewinnanstieg des Unternehmens – der in den nächsten zwei Jahren voraussichtlich 32 % betragen wird – ein erhebliches Plus. Dieser erhöhte Cashflow sollte zu einer höheren Aktienbewertung beitragen, was den aktuellen Aufpreis rechtfertigen könnte. Der Artikel hebt die Bedeutung der Berücksichtigung zukünftiger Wachstumsaussichten bei der Bewertung eines Aktien hervor.
Der Artikel weist auch auf den relativ stabilen Aktienkurs von Bilfinger hin, der durch ein niedriges Beta angezeigt wird. Dies deutet darauf hin, dass der Aktienkurs weniger volatil ist als der Gesamtmarkt und die Wahrscheinlichkeit von großen, plötzlichen Abwärtsbewegungen reduziert. Diese Stabilität könnte jedoch auch das zukünftige Aufwärtspotenzial einschränken, da der Preis eng an die anderer Branchenwerte angelehnt ist.
Der Autor warnt, dass der Markt Bilfinger’s positive Perspektive bereits weitgehend berücksichtigt hat. Für bestehende Aktionäre fordert der Artikel eine Überprüfung der finanziellen Stärke des Unternehmens und berücksichtigt dabei Faktoren, die über das KGV hinausgehen, die die Aktienperformance beeinflussen könnten. Für potenzielle Investoren rät der Autor, dass der aktuelle Multiples – die um Branchenwerte gehandelt werden – möglicherweise nicht der optimale Zeitpunkt zum Kaufen ist, insbesondere angesichts des bestehenden Marktwerts.
Der Text betont die Wichtigkeit der Sorgfaltspflicht. Es wird die Due Diligence von Bilfinger’s Bilanz und das Verständnis der mit jeder Investition verbundenen Risiken befürwortet. Wichtig ist, dass der Artikel auf ein "Warnsignal" hinweist, das auf eine spezifische Bedenken bezüglich des Unternehmens hinweist.
Letztendlich betont die Bewertung einen langfristigen, fundierten Investmentansatz. Der Artikel hebt die Notwendigkeit hervor, Bilfinger’s Risiken zu verstehen und die Bedeutung qualitativer Faktoren zusätzlich zu quantitativen Kennzahlen zu berücksichtigen. |
| 20.08.25 04:45:58 |
Es könnte ein paar Lichtblicke in Bilfinger\'s Zahlen geben. |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
**Bilfinger: Eine Analyse der Gewinnverhältnisse – Investieren Sie strategisch**
Bilfinger SE (ETR:GBF) zeigt trotz vermeintlich “weichen” Gewinnen solide finanzielle Ergebnisse. Der wichtigste Punkt ist ein deutlich positives Gewinnaufwahlratios – ein Maß für die Übereinstimmung von Free Cash Flow und ausgewiesenen Gewinnen. Für den Zeitraum bis Juni 2025 wies Bilfinger eine Gewinnaufwahlratios von -0,11 auf, was bedeutet, dass der Free Cash Flow deutlich über den ausgewiesenen Gewinnen lag (€293 Mio. gegenüber €185,7 Mio.). Dies deutet auf eine gute Liquiditätsentwicklung hin und legt nahe, dass die ausgewiesenen Gewinne das tatsächliche Gewinnpotenzial des Unternehmens möglicherweise unterschätzen.
Analysten prognostizieren weiterhin starke Gewinnwachstumsraten, was die positive Stimmung unter den Aktionären weiter befeuert. Das Unternehmen weist aufgrund seines robusten Free Cash Flows und seines Wachstumspotenzials vielversprechende Zahlen auf.
Dennoch rät der Artikel dazu, bei der Bewertung eines Unternehmens zusätzliche Faktoren zu berücksichtigen. Es wird empfohlen, sich nicht nur auf diesen einzelnen Datenpunkt zu konzentrieren, sondern auch andere Kennzahlen wie die Eigenkapitalrendite (ROE) zu prüfen.
Der Artikel weist zudem auf ein potenzielles Risiko hin: die identifizierte Warnung bezüglich Bilfinger. Obwohl die Gewinnaufwahlratios wertvolle Einblicke bietet, sollten Investoren vor einer Entscheidung ihre Ziele und ihre finanzielle Situation berücksichtigen.
Dieser Artikel von Simply Wall St ist allgemeiner Natur. Wir bieten Kommentare auf Basis historischer Daten und Analystenprognosen unter Verwendung einer unvoreingenommenen Methodik. Die Artikel dienen nicht als Finanzberatung und stellen keine Empfehlung zum Kauf oder Verkauf von Aktien dar und berücksichtigen Ihre Ziele oder Ihre finanzielle Situation. Wir möchten Ihnen langfristig ausgerichtete Analysen mit fundamentalen Daten bieten. Bitte beachten Sie, dass unsere Analyse möglicherweise nicht die neuesten preisempfindlichen Unternehmensankündigungen oder qualitative Informationen berücksichtigt. Simply Wall St hält keine Positionen in den genannten Aktien. |
| 06.08.25 09:01:23 |
Sind starke finanzielle Aspekte der Kraft, die das Momentum in Bilfinger SE ETR:GBF) Stock? |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
**Zusammenfassung von Bilfinger – Analyse der Kennzahlen**
Dieser Artikel analysiert die jüngste Aktienentwicklung von Bilfinger (ETR:GBF) und bewertet die finanzielle Gesundheit des Unternehmens anhand des Return on Equity (ROE)-Kennwerts. Der Hauptargument ist, dass Bilfinger’s 24%iger Aktienanstieg der letzten drei Monate gerechtfertigt ist durch seinen starken ROE von 14% (berechnet auf Basis der letzten zwölf Monate bis März 2025).
Die Analyse beginnt damit, zu erklären, was ROE darstellt – ein Maß für die Effektivität, mit der ein Unternehmen die Investitionen der Aktionäre zur Gewinnermittlung nutzt. Der Schlüsselpunkt ist, dass ein höherer ROE eine bessere Verwaltung und ein größeres Potenzial für Gewinnwachstum bedeutet. Der Artikel weist darauf hin, dass der ROE von Bilfinger mit dem Durchschnitt des ROE innerhalb seiner Branche (14%) vergleichbar ist. Dieser Branchenstandard ist entscheidend für den Kontext.
Der Artikel stellt dann den Zusammenhang zwischen ROE und Gewinnwachstum her. Unternehmen mit hohem ROE und einer Tendenz, Gewinne zu halten ("Gewinnrückhaltung"), haben tendenziell ein schnelleres Gewinnwachstum. Bilfinger’s 44%iger Median-Dividendenquote (d. h. es werden 56% seines Einkommens zurückgehalten) unterstützt dieses Argument. Dies deutet auf eine effiziente Neugewinnung und eine Strategie für langfristiges Wachstum anstatt unmittelbarer Dividendenzahlungen hin.
Über den ROE hinaus untersucht der Artikel Bilfinger’s Gewinnwachstum in den letzten fünf Jahren, das 26% beträgt. Dieses Wachstum wird teilweise auf den hohen ROE und die effiziente Gewinnrückhaltung des Unternehmens zurückgeführt. Die Analyse weist außerdem darauf hin, dass Bilfinger’s Wachstumsrate höher ist als der Branchendurchschnitt (18%) über den gleichen Zeitraum.
Dennoch warnt der Artikel vor einer Verlangsamung dieses hohen Wachstums. Aktuelle Analystenschätzungen prognostizieren einen zukünftigen ROE von 16% für Bilfinger, im Vergleich zu den derzeitigen 14%. Diese Verlangsamung des Wachstums ist eine kritische Überlegung für Investoren.
Der Artikel betont die Bedeutung der Berücksichtigung des P/E-Verhältnisses (Kurs-Gewinn-Verhältnis), um zu beurteilen, ob Bilfinger’s Aktien fair bewertet sind. Ein niedrigeres P/E-Verhältnis würde bedeuten, dass die Aktie unterbewertet ist, während ein höheres Verhältnis eine Überbewertung andeuten könnte.
Schließlich präsentiert der Artikel eine vorsichtig optimistische Sicht auf Bilfinger, die die starken finanziellen Leistungen des Unternehmens, insbesondere seine effiziente Neugewinnung und konsistente Dividendenzahlungen, anerkennt. Es wird jedoch auch betont, dass die Verlangsamung des Gewinnwachstums die Aussichten für Aktienbewertungen sorgfältig prüfen muss. |
| 14.07.25 04:55:06 |
While institutions own 32% of Bilfinger SE (ETR:GBF), retail investors are its largest shareholders with 53% ownership |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
Key Insights
Bilfinger's significant retail investors ownership suggests that the key decisions are influenced by shareholders from the larger public 44% of the business is held by the top 25 shareholders Institutions own 32% of Bilfinger
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A look at the shareholders of Bilfinger SE (ETR:GBF) can tell us which group is most powerful. And the group that holds the biggest piece of the pie are retail investors with 53% ownership. Put another way, the group faces the maximum upside potential (or downside risk).
Institutions, on the other hand, account for 32% of the company's stockholders. Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders.
Let's delve deeper into each type of owner of Bilfinger, beginning with the chart below.
Check out our latest analysis for Bilfinger XTRA:GBF Ownership Breakdown July 14th 2025
What Does The Institutional Ownership Tell Us About Bilfinger?
Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.
As you can see, institutional investors have a fair amount of stake in Bilfinger. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Bilfinger, (below). Of course, keep in mind that there are other factors to consider, too.XTRA:GBF Earnings and Revenue Growth July 14th 2025
It looks like hedge funds own 12% of Bilfinger shares. That's interesting, because hedge funds can be quite active and activist. Many look for medium term catalysts that will drive the share price higher. Ena Investment Capital Llp is currently the largest shareholder, with 12% of shares outstanding. In comparison, the second and third largest shareholders hold about 5.1% and 3.9% of the stock.
On studying our ownership data, we found that 25 of the top shareholders collectively own less than 50% of the share register, implying that no single individual has a majority interest.
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Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. Quite a few analysts cover the stock, so you could look into forecast growth quite easily.
Insider Ownership Of Bilfinger
While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.
Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.
Shareholders would probably be interested to learn that insiders own shares in Bilfinger SE. It is a pretty big company, so it is generally a positive to see some potentially meaningful alignment. In this case, they own around €104m worth of shares (at current prices). Most would say this shows alignment of interests between shareholders and the board. Still, it might be worth checking if those insiders have been selling.
General Public Ownership
The general public, mostly comprising of individual investors, collectively holds 53% of Bilfinger shares. This level of ownership gives investors from the wider public some power to sway key policy decisions such as board composition, executive compensation, and the dividend payout ratio.
Next Steps:
It's always worth thinking about the different groups who own shares in a company. But to understand Bilfinger better, we need to consider many other factors. To that end, you should be aware of the 1 warning sign we've spotted with Bilfinger .
If you would prefer discover what analysts are predicting in terms of future growth, do not miss this freereport on analyst forecasts.
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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| 26.06.25 04:59:47 |
Bilfinger's (ETR:GBF) Returns On Capital Are Heading Higher |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. Speaking of which, we noticed some great changes in Bilfinger's (ETR:GBF) returns on capital, so let's have a look.
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Return On Capital Employed (ROCE): What Is It?
For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. Analysts use this formula to calculate it for Bilfinger:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
0.13 = €247m ÷ (€3.5b - €1.5b) (Based on the trailing twelve months to March 2025).
Therefore, Bilfinger has an ROCE of 13%. In absolute terms, that's a satisfactory return, but compared to the Commercial Services industry average of 8.3% it's much better.
View our latest analysis for Bilfinger XTRA:GBF Return on Capital Employed June 26th 2025
In the above chart we have measured Bilfinger's prior ROCE against its prior performance, but the future is arguably more important. If you'd like to see what analysts are forecasting going forward, you should check out our free analyst report for Bilfinger .
The Trend Of ROCE
Bilfinger has not disappointed with their ROCE growth. The figures show that over the last five years, ROCE has grown 399% whilst employing roughly the same amount of capital. So our take on this is that the business has increased efficiencies to generate these higher returns, all the while not needing to make any additional investments. It's worth looking deeper into this though because while it's great that the business is more efficient, it might also mean that going forward the areas to invest internally for the organic growth are lacking.
On a side note, Bilfinger's current liabilities are still rather high at 44% of total assets. This can bring about some risks because the company is basically operating with a rather large reliance on its suppliers or other sorts of short-term creditors. Ideally we'd like to see this reduce as that would mean fewer obligations bearing risks.
In Conclusion...
In summary, we're delighted to see that Bilfinger has been able to increase efficiencies and earn higher rates of return on the same amount of capital. And with the stock having performed exceptionally well over the last five years, these patterns are being accounted for by investors. So given the stock has proven it has promising trends, it's worth researching the company further to see if these trends are likely to persist.
Story Continues
On a separate note, we've found 1 warning sign for Bilfinger you'll probably want to know about.
For those who like to invest in solid companies, check out this freelist of companies with solid balance sheets and high returns on equity.
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Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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| 22.05.25 14:39:23 |
Bilfinger UK wins contract to maintain the National Transmission System |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
Bilfinger UK has been awarded a significant contract with National Gas to ensure the continuous flow of gas through National Transmission System (NTS) pipelines.
This project is expected to generate up to 100 employment opportunities, with Bilfinger UK serving as the principal designer and contractor at crucial sites.
Strategically placed compressor stations along the NTS are essential for maintaining gas flow. These stations, equipped with multiple compressor units, pressurise and propel the gas through the network at speeds reaching 25mph (40km/h).
The Control System Refurbishment project, backed by the Office of Gas and Electricity Markets (Ofgem), will see Bilfinger UK executing a comprehensive design and construction programme, including panel design and manufacturing, while also fulfilling the role of principal contractor to ensure top-tier safety and performance standards.
Following a two-year engagement in front end engineering design works, Bilfinger UK will now embark on a subsequent three-year programme of works. The contract involves a two-stage approach, emphasising early contractor involvement.
Bilfinger's Engineering, Automation and Production divisions will contribute their expertise to deliver holistic solutions.
Bilfinger Engineering & Maintenance UK Gas Framework director Ben Hill said: “This contract is a testament to our successful collaboration with National Gas and our readiness to take the project forward into detailed design, build and commissioning. By utilising resources from our Engineering, Automation and Production teams, we are well-equipped to deliver comprehensive solutions that meet the highest standards of safety and performance.
“Our partnership with National Gas reflects our commitment to innovation, efficiency and sustainability and we look forward to continuing our collaboration to meet the challenges of net zero.”
The primary design team, stationed at the Bilfinger UK headquarters in Warrington, will collaborate with colleagues in Chesterfield, St. Helens and on-site.
During the design phase, the team will comprise 40–50 individuals, expanding to as many as 100 during the peak construction period.
In February 2024, Bilfinger secured a similar contract with INEOS FPS, spanning three-years, to provide maintenance services for the Forties Pipeline System (FPS) in Scotland, with an option to extend for two additional years.
This agreement, effective from January 2024, continues a partnership spanning more than ten years, aiming to ensure the FPS' reliability and longevity, which is vital for North Sea oil and gas transportation and processing.
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The contract will support both onshore and offshore facilities within the 169km pipeline system.
"Bilfinger UK wins contract to maintain the National Transmission System" was originally created and published by Offshore Technology, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
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| 15.05.25 07:05:56 |
Bilfinger SE (BFLBF) Q1 2025 Earnings Call Highlights: Strong Revenue Growth and Strategic ... |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
Orders Received: Increased by 11%. Revenue: Increased by 17%. EBITDA Margin: Improved by 50 basis points from 4% to 4.5%. Free Cash Flow: Increased to EUR109 million. Order Backlog: Grew by 20% overall, 4% organically. Net Profit: EUR32 million, up 27% from the previous year. Earnings Per Share: Increased to $0.84 from $0.66. Gross Profit Margin: Increased from 10.3% to 11.2%. Net Liquidity: EUR163 million. Investment Grade Rating: Upgraded to triple B minus.
Warning! GuruFocus has detected 3 Warning Signs with BOM:507880.
Release Date: May 14, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
Bilfinger SE (BFLBF) reported a strong start to 2025 with orders received up by 11% and revenue increasing by 17%. EBITDA margin improved by 50 basis points to 4.5%, indicating better profitability. Free cash flow showed a significant increase, reaching EUR109 million. The company maintained its guidance with a revenue midpoint of EUR4.5 billion and an EBITDA margin of 5.5%. Bilfinger SE (BFLBF) achieved an upgrade to an investment-grade rating of BBB-, reflecting improved financial stability.
Negative Points
There was a slight negative development in safety metrics compared to Q1 2024, although improvements were noted versus the end of last year. Organic orders received decreased by 4%, attributed to market hesitancy due to political uncertainties in the US and Germany. The chemical and petrochemical industries remain challenging, particularly in Germany, affecting growth in these sectors. The US market faced delays in contract approvals due to political changes, impacting customer investment decisions. The company is still dealing with ongoing legal proceedings related to past construction business activities in the US.
Q & A Highlights
Q: Do you see signs of normalization in the US market, and how is the sentiment in Europe following the new German government? A: Thomas Schulz, CEO: We see stabilization and improvement in the US market. The initial uncertainty caused by government actions is easing, leading to a better mood. In Europe, the quick formation of the new German government has positively impacted sentiment, although companies are still optimizing their operations. We expect this to improve efficiency and competitiveness in the long term.
Q: Can you provide more details on the recent M&A activity, particularly the acquisition of nZero, and your plans in the US and Middle East? A: Thomas Schulz, CEO: The acquisition of nZero enhances our capabilities in gas treatment and hydrogen-related services, making us more competitive. We continue to focus on M&A in the US and Middle East, ensuring any acquisition aligns with our strategic goals and delivers shareholder value. We aim for acquisitions that can quickly integrate and add value.
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Q: How is the Pharma sector performing, and is the growth broad-based or concentrated among a few clients? A: Thomas Schulz, CEO: The Pharma sector's growth is broad-based, driven by the industry's need to localize production and accelerate product development post-COVID. This trend is expected to continue, with strong demand for our services in Central Europe.
Q: Regarding the completion of the US legal case, was this included in your guidance, and are there any other pending legal issues? A: Matti Jaekel, CFO: Yes, the settlement was included in our 2025 guidance. We have a few remaining legal matters related to past US construction contracts, but these are typical and being addressed.
Q: How do you view the current demand trajectory, given the organic order decline? A: Thomas Schulz, CEO: Despite the organic order decline, we remain positive about growth in 2025. The first half of the year was affected by political uncertainties, but we expect improvement in the second half. Our recent acquisitions, like Stork, are performing well and enhancing our competitiveness.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
This article first appeared on GuruFocus.
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| 16.04.25 10:31:37 |
European Dividend Stocks To Enhance Your Portfolio |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
Amid escalating trade tensions and market volatility, the European markets have experienced a downturn, with the pan-European STOXX Europe 600 Index closing lower. In this environment, dividend stocks can offer stability and income potential for investors seeking to enhance their portfolios.
Top 10 Dividend Stocks In Europe
Name Dividend Yield Dividend Rating Julius Bär Gruppe (SWX:BAER) 5.22% ★★★★★★ Bredband2 i Skandinavien (OM:BRE2) 4.81% ★★★★★★ Zurich Insurance Group (SWX:ZURN) 4.61% ★★★★★★ Mapfre (BME:MAP) 5.62% ★★★★★★ HEXPOL (OM:HPOL B) 4.97% ★★★★★★ Deutsche Post (XTRA:DHL) 5.10% ★★★★★★ Allianz (XTRA:ALV) 4.49% ★★★★★★ Cembra Money Bank (SWX:CMBN) 4.26% ★★★★★★ Rubis (ENXTPA:RUI) 7.37% ★★★★★★ Banque Cantonale Vaudoise (SWX:BCVN) 4.50% ★★★★★★
Click here to see the full list of 241 stocks from our Top European Dividend Stocks screener.
Let's explore several standout options from the results in the screener.
Skandinaviska Enskilda Banken
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Skandinaviska Enskilda Banken AB (publ) offers a range of corporate, retail, investment, and private banking services with a market cap of approximately SEK295.90 billion.
Operations: Skandinaviska Enskilda Banken AB (publ) generates revenue from several segments, including Large Corporates & Financial Institutions (SEK32.02 billion), Corporate & Private Customers excluding Private Wealth Management & Family Office (SEK25.62 billion), Baltic operations (SEK13.34 billion), Private Wealth Management & Family Office (SEK4.61 billion), Life services (SEK3.80 billion), and Investment Management (SEK3.37 billion).
Dividend Yield: 7.9%
Skandinaviska Enskilda Banken recently approved an ordinary dividend of SEK 8.50 per share and a special dividend of SEK 3.00 per share, with a record date of April 3, 2025. Despite its dividends being volatile over the past decade, SEB maintains a reasonable payout ratio of 48.6%, indicating current earnings coverage. However, future earnings are expected to decline slightly by an average of 2% annually over the next three years, potentially impacting dividend sustainability.
Click here to discover the nuances of Skandinaviska Enskilda Banken with our detailed analytical dividend report. The valuation report we've compiled suggests that Skandinaviska Enskilda Banken's current price could be quite moderate.OM:SEB A Dividend History as at Apr 2025
Bilfinger
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Bilfinger SE is an industrial services provider serving the process industry in Europe, North America, and the Middle East with a market cap of €2.57 billion.
Operations: Bilfinger SE's revenue is primarily derived from its Engineering & Maintenance Europe segment (€3.51 billion), followed by Technologies (€732.10 million) and Engineering & Maintenance International (€709.60 million).
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Dividend Yield: 3.5%
Bilfinger's dividend payments have been historically volatile and unreliable, yet they have increased over the past decade. The company recently announced a dividend of €2.40 per share, payable in May 2025. Despite trading at a good value and having earnings and cash flows cover its payout ratio of 50.6%, its dividend yield of 3.51% is below the top tier in Germany. Recent earnings showed stable performance with net income slightly lower than the previous year at €179.5 million on sales of €5 billion.
Click here and access our complete dividend analysis report to understand the dynamics of Bilfinger. Our valuation report here indicates Bilfinger may be undervalued.XTRA:GBF Dividend History as at Apr 2025
INDUS Holding
Simply Wall St Dividend Rating: ★★★★★☆
Overview: INDUS Holding AG is a private equity firm focused on mergers and acquisitions as well as corporate spin-offs, with a market cap of €578.34 million.
Operations: INDUS Holding AG generates its revenue from three primary segments: Materials (€565.13 million), Engineering (€598.26 million), and Infrastructure (€559.52 million).
Dividend Yield: 4.9%
INDUS Holding's dividends have been historically volatile, but recent proposals maintain a €1.20 per share payout, yielding 5.9%. This is well-covered by earnings and cash flows with payout ratios of 38.4% and 30.8%, respectively. Despite high debt levels, the company trades at a significant discount to its estimated fair value and offers one of the top dividend yields in Germany. Recent buybacks have reduced outstanding shares by 7.01%.
Take a closer look at INDUS Holding's potential here in our dividend report. Our comprehensive valuation report raises the possibility that INDUS Holding is priced lower than what may be justified by its financials.XTRA:INH Dividend History as at Apr 2025
Turning Ideas Into Actions
Embark on your investment journey to our 241 Top European Dividend Stocks selection here. Are you invested in these stocks already? Keep abreast of every twist and turn by setting up a portfolio with Simply Wall St, where we make it simple for investors like you to stay informed and proactive. Join a community of smart investors by using Simply Wall St. It's free and delivers expert-level analysis on worldwide markets.
Searching for a Fresh Perspective?
Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include OM:SEB A XTRA:GBF and XTRA:INH.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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| 02.04.25 12:52:03 |
Bilfinger's (ETR:GBF) Shareholders Will Receive A Bigger Dividend Than Last Year |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
Bilfinger SE's (ETR:GBF) dividend will be increasing from last year's payment of the same period to €2.40 on 19th of May. The payment will take the dividend yield to 3.6%, which is in line with the average for the industry.
While the dividend yield is important for income investors, it is also important to consider any large share price moves, as this will generally outweigh any gains from distributions. Investors will be pleased to see that Bilfinger's stock price has increased by 45% in the last 3 months, which is good for shareholders and can also explain a decrease in the dividend yield.
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Bilfinger's Future Dividend Projections Appear Well Covered By Earnings
We like to see a healthy dividend yield, but that is only helpful to us if the payment can continue. The last dividend was quite easily covered by Bilfinger's earnings. This means that a large portion of its earnings are being retained to grow the business.
Looking forward, earnings per share is forecast to rise by 41.8% over the next year. Assuming the dividend continues along recent trends, we think the payout ratio could be 35% by next year, which is in a pretty sustainable range.XTRA:GBF Historic Dividend April 2nd 2025
See our latest analysis for Bilfinger
Dividend Volatility
The company's dividend history has been marked by instability, with at least one cut in the last 10 years. Since 2015, the annual payment back then was €2.00, compared to the most recent full-year payment of €2.40. This implies that the company grew its distributions at a yearly rate of about 1.8% over that duration. The dividend has seen some fluctuations in the past, so even though the dividend was raised this year, we should remember that it has been cut in the past.
The Dividend Looks Likely To Grow
Given that the dividend has been cut in the past, we need to check if earnings are growing and if that might lead to stronger dividends in the future. We are encouraged to see that Bilfinger has grown earnings per share at 217% per year over the past five years. The company's earnings per share has grown rapidly in recent years, and it has a good balance between reinvesting and paying dividends to shareholders, so we think that Bilfinger could prove to be a strong dividend payer.
Bilfinger Looks Like A Great Dividend Stock
Overall, we think this could be an attractive income stock, and it is only getting better by paying a higher dividend this year. Distributions are quite easily covered by earnings, which are also being converted to cash flows. All of these factors considered, we think this has solid potential as a dividend stock.
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Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. Still, investors need to consider a host of other factors, apart from dividend payments, when analysing a company. For instance, we've picked out 1 warning sign for Bilfinger that investors should take into consideration. If you are a dividend investor, you might also want to look at our curated list of high yield dividend stocks.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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