Boss score harvest Bouygues family – back to Bouygues SA (FR0000120503)
After looking at one of the main subsidiaries Colas in the last post, let’s have a quick look back at Bouygues, the holding company itself.
Sum of part valuation
As I have mentioned in the initial post, Bouygues has 3 listed subsidiaries, Colas, TF1 and Alstom as well as 3 unlisted major subs which are Bouygues Construction, Bouygues real estate and Bouygues Telecom.
To get a feeling for a “sum of parts” valuation, we should start with the listed subs and then make assumption for the unlisted ones.
value and opportunity 