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Bilfinger
(XETRA:GBF)
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Rating:67Neutral
Price Target:
€64.00
▼(-16.72% Downside)
Action:Reiterated
Date:09/18/26
The score is driven primarily by improving fundamentals—rising revenue, solid profitability, and notably reduced leverage—tempered by uneven cash-flow momentum. Technicals are the main drag, with the stock trading below major moving averages and negative MACD/weak RSI signaling poor near-term trend strength. Valuation is supportive thanks to a moderate P/E and a strong dividend yield.
Positive Factors
Revenue and profit expansion
Multi-year revenue expansion alongside stronger operating profit and net income indicates improving scale and business execution. Continued growth in industrial-service activity can support reinvestment, strengthen customer relationships, and provide a broader earnings base over the next several quarters.
Negative Factors
Volatile cash conversion
Positive cash generation is offset by weakening free-cash-flow momentum and relatively low operating-cash conversion against revenue. Working-capital swings typical of project-driven activity can make cash availability less predictable, potentially constraining internally funded investment and shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and profit expansion
Multi-year revenue expansion alongside stronger operating profit and net income indicates improving scale and business execution. Continued growth in industrial-service activity can support reinvestment, strengthen customer relationships, and provide a broader earnings base over the next several quarters.
Read all positive factors
Bilfinger (GBF) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€2.10B
Dividend Yield5%
Average Volume (3M)193.23K
Price to Earnings (P/E)11.1
Beta (1Y)1.57
Revenue Growth5.76%
EPS Growth2.14%
CountryDE
Employees31,323
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)5.06
Shares Outstanding37,606,373
10 Day Avg. Volume371,876
30 Day Avg. Volume193,230
Financial Highlights & Ratios
PEG Ratio-18.13
Price to Book (P/B)3.00
Price to Sales (P/S)0.74
P/FCF Ratio13.35
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€80.50Price Target Upside4.75% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
EPS Forecast (FY)4.12
Revenue Forecast (FY)€5.54B
Bilfinger Business Overview & Revenue Model
Company Description
Bilfinger SE, founded in Mannheim, Germany, in 1880, provides a comprehensive array of industrial services. The company primarily supports clients within the process industry across Europe, North America, and the Middle East. Their extensive servi...
How the Company Makes Money
Bilfinger primarily makes money by providing industrial services to process-industry customers under customer contracts, generating revenue when services are delivered (e.g., via time-and-materials arrangements, unit-rate/service catalog pricing, ...
Bilfinger Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
83
Very Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.57B | 5.43B | 5.04B | 4.49B | 4.31B | 3.74B |
| Gross Profit | 617.00M | 617.20M | 546.80M | 463.50M | 437.10M | 387.00M |
| EBITDA | 421.60M | 408.30M | 394.30M | 295.70M | 171.20M | 242.50M |
| Net Income | 187.60M | 176.00M | 179.50M | 181.50M | 28.20M | 129.50M |
Balance Sheet | ||||||
| Total Assets | 3.52B | 3.66B | 3.46B | 3.36B | 3.05B | 3.15B |
| Cash, Cash Equivalents and Short-Term Investments | 232.60M | 519.20M | 533.50M | 728.90M | 615.90M | 861.40M |
| Total Debt | 222.50M | 373.60M | 376.50M | 608.80M | 443.50M | 449.40M |
| Total Liabilities | 2.16B | 2.31B | 2.15B | 2.18B | 1.97B | 1.86B |
| Stockholders Equity | 1.34B | 1.33B | 1.30B | 1.17B | 1.09B | 1.30B |
Cash Flow | ||||||
| Free Cash Flow | 205.60M | 299.00M | 177.90M | 86.20M | 106.30M | 53.70M |
| Operating Cash Flow | 276.10M | 364.30M | 241.10M | 144.80M | 158.00M | 115.00M |
| Investing Cash Flow | -112.60M | -94.70M | 111.60M | -217.60M | 156.10M | 283.10M |
| Financing Cash Flow | -365.00M | -214.30M | -427.70M | 40.70M | -382.80M | -239.00M |
Bilfinger Technical Analysis
Negative
76.85
Price Trends
74.93
Negative
79.61
Negative
93.14
Negative
Market Momentum
-6.49
Positive
25.59
Positive
14.53
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:GBF, the sentiment is Negative. The current price of 76.85 is above the 20-day moving average (MA) of 67.40, above the 50-day MA of 74.93, and below the 200-day MA of 93.14, indicating a bearish trend. The MACD of -6.49 indicates Positive momentum. The RSI at 25.59 is Positive, neither overbought nor oversold. The STOCH value of 14.53 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:GBF.
Bilfinger Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | €2.10B | 11.14 | 14.00% | 5.00% | 5.76% | 2.14% | |
62 Neutral | €8.56B | 23.48 | 8.30% | 3.21% | -5.28% | -13.76% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | €29.61B | 32.80 | 69.90% | 1.70% | 8.06% | 8.35% | |
42 Neutral | €1.08B | -0.24 | 64.53% | 0.18% | ― | ― |
* General Sector Average
DE:GBF
Bilfinger
56.00
-33.97
-37.76%
DE:B5A0
Bauer AG
5.42
-0.48
-8.14%
DE:BYW
BayWa AG
8.20
0.08
1.01%
DE:BNR
Brenntag AG
59.18
8.82
17.52%
DE:CEV
Centrotec Sustainable
51.20
-10.26
-16.69%
DE:HOT
Hochtief
387.40
158.61
69.33%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.