Added to YB: 2025-07-18
Pitch date: 2025-07-17
BVI.PA [bullish]
Bureau Veritas SA
-7.11%
current return
Author Info
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Company Info
Bureau Veritas SA provides laboratory testing, inspection, and certification services. It operates through six segments: Marine & Offshore; Agri-Food & Commodities; Industry; Buildings & Infrastructure; Certification; and Consumer Products services.
Market Cap
EUR 12.5B
Pitch Price
EUR 27.86
Price Target
N/A
Dividend
3.23%
EV/EBITDA
11.59
P/E
22.26
EV/Sales
2.20
Sector
Professional Services
Category
value
Inside Bureau Veritas: an 11% Return Powered by a Moat You Can’t Build Quickly
BVI.PA: Quality TIC player trading at forward P/E 19 (low end of 5yr range). 11% annual return (8% earnings growth + 3.3% dividend). Strong moat via regulatory accreditations. ESG services growing (5% to 6% of rev, targeting 15% by 2028). FCF +27.9% in 2024. 10x interest coverage. Disciplined capital allocation.
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