BVI FP

Bureau Veritas SA

Industrial/Transportation


Presented:10/18/2021
Price:€27.12
Cap:$13.63B
Current Price:€30.44
Cap:$15.17B

Presented

Date10/18/2021
Price€27.12
Market Cap$13.63B
Ent Value$15.31B
P/E Ratio34.22x
Book Value€3.01
Div Yield1.33%
Shares O/S451.17M
Ave Daily Vol690,181
Short IntN/A

Current

Price€30.44
Market Cap$15.17B
Bureau Veritas SA engages in the provision of compliance evaluation and certification services in the fields of quality, health and safety, security, environment, and social responsibility. It operates through the following segments: Marine and Offshore, Industry, Agri-Food and Commodities, Buildings and Infrastructure, Certification, and Consumer Products. The Marine and Offshore segment checks the compliance of ships and offshore units by carrying standards mainly on the strength of structures and equipment reliability on board. The Agri-Food and Commodities segment provides its clients with inspection, laboratory testing, and certification services for all types of commodities, including oil and petrochemicals, metals and minerals, food, and agri-commodities. The Industry segment includes conformity assessment, production monitoring, asset integrity management, and equipment certification. The Buildings and Infrastructure segment consists of buildings and infrastructure lifecycle, including capital expenditure and operating expenditure services. The Certification segment certifies the QHSE management systems utilized by clients comply with international standards or with national segment. The Consumer Products segment retails and manufactures consumer products worldwide. The company was founded in June 1828 and is headquartered in Neuilly-sur-Seine, France.

Publicly traded companies mentioned herein: Bureau Veritas SA (BVI FP), Intertek Group PLC (ITRK LN), SGS SA (SGSN SW)

Highlights

The presenter is bullish on the prospects for energy transition/decarbonization in the testing and inspection space. There are a few public names in the space, including Intertek (ITRK LN), SGS (SGSN SW), and Bureau Veritas (BVI FP). Of that group, he is long shares of BVI because it has been a laggard and trades at a multiple discount to its peers. Going forward, he expects its growth to outpace the industry, driving multiple expansion. 

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Idea Discussion

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