BOISE CASCADE CO (BCC) Stock Fundamental Analysis
NYSE:BCC - New York Stock Exchange, Inc. - US09739D1000 - Common Stock - Currency: USD
Taking everything into account, BCC scores 6 out of 10 in our fundamental rating. BCC was compared to 48 industry peers in the Trading Companies & Distributors industry. BCC scores excellent points on both the profitability and health parts. This is a solid base for a good stock. BCC has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
BCC had positive earnings in the past year.
In the past year BCC had a positive cash flow from operations.
In the past 5 years BCC has always been profitable.
Each year in the past 5 years BCC had a positive operating cash flow.
1.2 Ratios
BCC has a Return On Assets of 8.98%. This is in the better half of the industry: BCC outperforms 75.00% of its industry peers.
BCC's Return On Equity of 14.70% is fine compared to the rest of the industry. BCC outperforms 62.50% of its industry peers.
BCC has a Return On Invested Capital of 11.11%. This is in the better half of the industry: BCC outperforms 72.92% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for BCC is significantly above the industry average of 9.84%.
The last Return On Invested Capital (11.11%) for BCC is well below the 3 year average (20.56%), which needs to be investigated, but indicates that BCC had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.98% | ||
| ROE | 14.7% | ||
| ROIC | 11.11% |
ROA(3y)17.21%
ROA(5y)17.64%
ROE(3y)27.07%
ROE(5y)30.89%
ROIC(3y)20.56%
ROIC(5y)23.38%
1.3 Margins
Looking at the Profit Margin, with a value of 4.73%, BCC is in the better half of the industry, outperforming 62.50% of the companies in the same industry.
In the last couple of years the Profit Margin of BCC has grown nicely.
The Operating Margin of BCC (6.22%) is comparable to the rest of the industry.
BCC's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 18.94%, BCC is doing worse than 85.42% of the companies in the same industry.
In the last couple of years the Gross Margin of BCC has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.22% | ||
| PM (TTM) | 4.73% | ||
| GM | 18.94% |
OM growth 3Y-15.92%
OM growth 5Y19.91%
PM growth 3Y-14.61%
PM growth 5Y26.29%
GM growth 3Y-1.19%
GM growth 5Y6.28%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so BCC is creating value.
BCC has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, BCC has less shares outstanding
BCC has a worse debt/assets ratio than last year.
2.2 Solvency
BCC has an Altman-Z score of 5.07. This indicates that BCC is financially healthy and has little risk of bankruptcy at the moment.
BCC has a better Altman-Z score (5.07) than 75.00% of its industry peers.
The Debt to FCF ratio of BCC is 3.54, which is a good value as it means it would take BCC, 3.54 years of fcf income to pay off all of its debts.
BCC has a Debt to FCF ratio (3.54) which is in line with its industry peers.
BCC has a Debt/Equity ratio of 0.22. This is a healthy value indicating a solid balance between debt and equity.
With a decent Debt to Equity ratio value of 0.22, BCC is doing good in the industry, outperforming 64.58% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | 3.54 | ||
| Altman-Z | 5.07 |
ROIC/WACC1.13
WACC9.8%
2.3 Liquidity
A Current Ratio of 2.82 indicates that BCC has no problem at all paying its short term obligations.
With a decent Current ratio value of 2.82, BCC is doing good in the industry, outperforming 72.92% of the companies in the same industry.
BCC has a Quick Ratio of 1.51. This is a normal value and indicates that BCC is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of BCC (1.51) is better than 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.82 | ||
| Quick Ratio | 1.51 |
3. Growth
3.1 Past
The earnings per share for BCC have decreased strongly by -34.88% in the last year.
BCC shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 35.93% yearly.
The Revenue has decreased by -4.67% in the past year.
BCC shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.69% yearly.
EPS 1Y (TTM)-34.88%
EPS 3Y-18.94%
EPS 5Y35.93%
EPS Q2Q%-59.39%
Revenue 1Y (TTM)-4.67%
Revenue growth 3Y-5.33%
Revenue growth 5Y7.69%
Sales Q2Q%-6.62%
3.2 Future
Based on estimates for the next years, BCC will show a small growth in Earnings Per Share. The EPS will grow by 0.88% on average per year.
The Revenue is expected to grow by 1.83% on average over the next years.
EPS Next Y-31.65%
EPS Next 2Y-7.74%
EPS Next 3Y0.88%
EPS Next 5YN/A
Revenue Next Year-1.15%
Revenue Next 2Y1.69%
Revenue Next 3Y1.83%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 11.63 indicates a reasonable valuation of BCC.
Based on the Price/Earnings ratio, BCC is valued cheaply inside the industry as 89.58% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of BCC to the average of the S&P500 Index (27.45), we can say BCC is valued rather cheaply.
With a Price/Forward Earnings ratio of 11.45, the valuation of BCC can be described as very reasonable.
Based on the Price/Forward Earnings ratio, BCC is valued cheaply inside the industry as 81.25% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of BCC to the average of the S&P500 Index (21.90), we can say BCC is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.63 | ||
| Fwd PE | 11.45 |
4.2 Price Multiples
95.83% of the companies in the same industry are more expensive than BCC, based on the Enterprise Value to EBITDA ratio.
64.58% of the companies in the same industry are more expensive than BCC, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.17 | ||
| EV/EBITDA | 6.1 |
4.3 Compensation for Growth
BCC has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.32
EPS Next 2Y-7.74%
EPS Next 3Y0.88%
5. Dividend
5.1 Amount
With a yearly dividend of 0.90%, BCC is not a good candidate for dividend investing.
BCC's Dividend Yield is comparable with the industry average which is at 2.34.
Compared to an average S&P500 Dividend Yield of 2.38, BCC's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.9% |
5.2 History
On average, the dividend of BCC grows each year by 33.47%, which is quite nice.
BCC has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)33.47%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
72.97% of the earnings are spent on dividend by BCC. This is not a sustainable payout ratio.
BCC's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP72.97%
EPS Next 2Y-7.74%
EPS Next 3Y0.88%
93.15
-0.6 (-0.64%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryTrading Companies & Distributors
Earnings (Last)
Earnings (Next)
Inst Owners111.8%
Inst Owner Change-56.9%
Ins Owners0.96%
Ins Owner Change1.67%
Market Cap3.51B
Analysts70.91
Price Target114.07 (22.46%)
Short Float %2.4%
Short Ratio2.84
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.9% |
Yearly Dividend5.89
Dividend Growth(5Y)33.47%
DP72.97%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-10.81%
Min EPS beat(2)-19.89%
Max EPS beat(2)-1.73%
EPS beat(4)1
Avg EPS beat(4)-4.3%
Min EPS beat(4)-19.89%
Max EPS beat(4)5.12%
EPS beat(8)4
Avg EPS beat(8)4.58%
EPS beat(12)7
Avg EPS beat(12)10.38%
EPS beat(16)11
Avg EPS beat(16)17.87%
Revenue beat(2)1
Avg Revenue beat(2)-0.12%
Min Revenue beat(2)-0.54%
Max Revenue beat(2)0.29%
Revenue beat(4)2
Avg Revenue beat(4)-0.26%
Min Revenue beat(4)-1.28%
Max Revenue beat(4)0.48%
Revenue beat(8)4
Avg Revenue beat(8)0.77%
Revenue beat(12)6
Avg Revenue beat(12)0.72%
Revenue beat(16)10
Avg Revenue beat(16)3.54%
PT rev (1m)-5.89%
PT rev (3m)-11.48%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-21.16%
EPS NY rev (1m)0%
EPS NY rev (3m)-21.9%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.25%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.48%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.63 | ||
| Fwd PE | 11.45 | ||
| P/S | 0.53 | ||
| P/FCF | 26.17 | ||
| P/OCF | 9.17 | ||
| P/B | 1.65 | ||
| P/tB | 1.96 | ||
| EV/EBITDA | 6.1 |
EPS(TTM)8.01
EY8.6%
EPS(NY)8.14
Fwd EY8.74%
FCF(TTM)3.56
FCFY3.82%
OCF(TTM)10.16
OCFY10.91%
SpS175.8
BVpS56.53
TBVpS47.49
PEG (NY)N/A
PEG (5Y)0.32
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.98% | ||
| ROE | 14.7% | ||
| ROCE | 14.81% | ||
| ROIC | 11.11% | ||
| ROICexc | 13.92% | ||
| ROICexgc | 16.44% | ||
| OM | 6.22% | ||
| PM (TTM) | 4.73% | ||
| GM | 18.94% | ||
| FCFM | 2.02% |
ROA(3y)17.21%
ROA(5y)17.64%
ROE(3y)27.07%
ROE(5y)30.89%
ROIC(3y)20.56%
ROIC(5y)23.38%
ROICexc(3y)31.07%
ROICexc(5y)35.84%
ROICexgc(3y)37.77%
ROICexgc(5y)41.09%
ROCE(3y)27.41%
ROCE(5y)31.18%
ROICexcg growth 3Y-31.63%
ROICexcg growth 5Y14.19%
ROICexc growth 3Y-34.18%
ROICexc growth 5Y11.92%
OM growth 3Y-15.92%
OM growth 5Y19.91%
PM growth 3Y-14.61%
PM growth 5Y26.29%
GM growth 3Y-1.19%
GM growth 5Y6.28%
F-Score4
Asset Turnover1.9
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | 3.54 | ||
| Debt/EBITDA | 0.84 | ||
| Cap/Depr | 167.03% | ||
| Cap/Sales | 3.76% | ||
| Interest Coverage | 18.88 | ||
| Cash Conversion | 68.24% | ||
| Profit Quality | 42.85% | ||
| Current Ratio | 2.82 | ||
| Quick Ratio | 1.51 | ||
| Altman-Z | 5.07 |
F-Score4
WACC9.8%
ROIC/WACC1.13
Cap/Depr(3y)141.55%
Cap/Depr(5y)127.1%
Cap/Sales(3y)2.64%
Cap/Sales(5y)2.14%
Profit Quality(3y)87.05%
Profit Quality(5y)92.55%
High Growth Momentum
Growth
EPS 1Y (TTM)-34.88%
EPS 3Y-18.94%
EPS 5Y35.93%
EPS Q2Q%-59.39%
EPS Next Y-31.65%
EPS Next 2Y-7.74%
EPS Next 3Y0.88%
EPS Next 5YN/A
Revenue 1Y (TTM)-4.67%
Revenue growth 3Y-5.33%
Revenue growth 5Y7.69%
Sales Q2Q%-6.62%
Revenue Next Year-1.15%
Revenue Next 2Y1.69%
Revenue Next 3Y1.83%
Revenue Next 5YN/A
EBIT growth 1Y-34.65%
EBIT growth 3Y-20.41%
EBIT growth 5Y29.13%
EBIT Next Year-1.49%
EBIT Next 3Y8.36%
EBIT Next 5YN/A
FCF growth 1Y-82.46%
FCF growth 3Y-28.05%
FCF growth 5Y5.09%
OCF growth 1Y-57.05%
OCF growth 3Y-13.06%
OCF growth 5Y12.28%