Bouygues (EN.PA) stock forecast 2027–2029
What is the Bouygues (EN.PA) stock forecast?
Our forecast for Bouygues
€41.41by November 2027
€43.53by November 2029
From €42.29 at the November 6, 2026 close, that is a 3 % gain by 2027 and 19 % by 2029, dividends included.
It blends three cases for November 2027, € per share:
- Bear32.1130 % chance
- Base43.4450 % chance
- Bull50.2920 % chance
Our own forecast, built from Bouygues's filings. It is not an average of analysts' price targets, so it can differ from them.
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Executive summary + 8 chapters · 19,760 words · 223 sources
Bouygues (EN.PA) key numbers
P/E, price to profit, is how many years of expected profit the price equals. Price to book is what buyers pay for each unit of the company's net worth on its books. Dividend yield is a year of dividends as a share of the price.
- 11.1xP/E on the profit our report expects over the next 12 months
- 1.3xprice to book value
- 5.0 %dividend yield
- €15.3 billionrevenue in the quarter to Sep 2026, +2 % on a year earlier
Prices and ratios: our report, at the November 6, 2026 close. Revenue: the company's own figures.
Where could Bouygues shares be by November 2029?
The range is more important than the central estimate. By November 2029, the bear case gives €23.34, while the bull case gives €64.10. The forecast assigns 30% to the bear case, 50% to the base case and 20% to the bull case because execution and financing risks remain real, but Bouygues has generally grown equity and met recurring operating guidance.
What has to go right, and what could go wrong for Bouygues?
The base case assumes Equans sustains improvement, construction remains active, and Telecom, TF1 and property stay mixed. SFR may complete in the second half of 2027, but financing costs restrain cash flow before full savings appear. The base case gives €43.44 in 2027 and €47.41 in 2029. Its 50% probability is highest because it matches modest growth, gradual dividends and a stable valuation.
Bull case, 20 % chance: if it goes right
€64.10 by November 2029, +70 % with dividends.
Bear case, 30 % chance: if it goes wrong
€23.34 by November 2029, −31 % with dividends.
How much cash does Bouygues really make?
Olivier Roussat has been chief executive since 2021. Stéphane Stoll became finance chief in 2025. Roussat’s pay rewards operating profit, shareholder profit, cash or debt, safety, climate and management goals; his long-term award rewards ROCE and shareholder return. He held 179,369 shares at 31 December 2025. Bouygues recorded €94 million of stock-based pay in 2025, while diluted shares reached 382.276182 million. The family-controlled SCDM group owned 28.3% of shares and 29.3% of votes.
Bouygues reported record 2025 free cash flow of €1.81 billion before working-capital movements. Working capital is cash tied up in customers, suppliers, contracts and stock. A favourable working-capital movement of €941 million would lift the figure to about €2.75 billion, but a release of cash from projects may not repeat.
What does an investor pay today for Bouygues?
Our report makes no buy or sell call.
The price-to-earnings ratio uses forecast earnings for the next twelve months. It is like valuing a bakery by what it expects to earn next year, not by last year’s receipts. Bouygues’s reported earnings were also reduced by a €569 million TF1 impairment, which used no cash, so forecast profit and underlying cash power are not identical. The dividend yield is cash income only if the dividend remains affordable and the share price does not change.
- Market value (every class)€16.3 billion
- Dividend yield5.0%
Bouygues earnings: how did the last quarter go?
Questions about Bouygues (EN.PA) stock
Where will Bouygues stock be in 5 years?
Our report's forecast goes to November 2029. By then it puts the shares between €23.34 in the bear case and €64.10 in the bull case, and at €43.53 with the three cases weighted by their chances. It makes no forecast past November 2029.
Does Bouygues pay a dividend?
Yes. At the November 6, 2026 close, a year of dividends came to 5.0 % of the share price (our report). Bouygues dividend →
Who are Bouygues's competitors?
Our report compares Bouygues with VINCI and Orange.
Why is this forecast different from analysts' price targets?
Analysts' price targets average the share prices that brokerage analysts expect. Our report builds its own three cases from Bouygues's filings, gives each a chance and counts dividends.
More on Bouygues (EN.PA)
More Bouygues pages
This page gives the forecast. The report gives the reasons.
The full report: an executive summary and 8 chapters, 19,760 words, 51 tables. Its first page opens here, no account needed.
How it is made: AI reads Bouygues's filings, writes the report, checks the numbers against them and cites each source, 223 in this one. How we work · Corrections
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Information only, not investment advice. The forecast gives three cases with their chances; it promises no price. Prices are those of the date shown.