BOISE CASCADE CO (BCC) Stock Fundamental Analysis
NYSE:BCC - New York Stock Exchange, Inc. - US09739D1000 - Common Stock - Currency: USD
We assign a fundamental rating of 6 out of 10 to BCC. BCC was compared to 47 industry peers in the Trading Companies & Distributors industry. BCC gets an excellent profitability rating and is at the same time showing great financial health properties. BCC has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year BCC was profitable.
BCC had a positive operating cash flow in the past year.
In the past 5 years BCC has always been profitable.
BCC had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 8.98%, BCC is in the better half of the industry, outperforming 76.60% of the companies in the same industry.
BCC has a better Return On Equity (14.70%) than 63.83% of its industry peers.
BCC's Return On Invested Capital of 11.11% is fine compared to the rest of the industry. BCC outperforms 74.47% of its industry peers.
The Average Return On Invested Capital over the past 3 years for BCC is significantly above the industry average of 9.66%.
The 3 year average ROIC (20.56%) for BCC is well above the current ROIC(11.11%). The reason for the recent decline needs to be investigated.
| 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
With a decent Profit Margin value of 4.73%, BCC is doing good in the industry, outperforming 63.83% of the companies in the same industry.
BCC's Profit Margin has improved in the last couple of years.
BCC has a Operating Margin (6.22%) which is in line with its industry peers.
In the last couple of years the Operating Margin of BCC has grown nicely.
With a Gross Margin value of 18.94%, BCC is not doing good in the industry: 85.11% of the companies in the same industry are doing better.
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
BCC has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
BCC has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, BCC has less shares outstanding
Compared to 1 year ago, BCC has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 5.02 indicates that BCC is not in any danger for bankruptcy at the moment.
BCC has a better Altman-Z score (5.02) than 76.60% of its industry peers.
BCC has a debt to FCF ratio of 3.54. This is a good value and a sign of high solvency as BCC would need 3.54 years to pay back of all of its debts.
BCC has a Debt to FCF ratio (3.54) which is comparable to the rest of the industry.
A Debt/Equity ratio of 0.22 indicates that BCC is not too dependend on debt financing.
BCC has a better Debt to Equity ratio (0.22) than 65.96% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | 3.54 | ||
| Altman-Z | 5.02 |
ROIC/WACC1.13
WACC9.82%
2.3 Liquidity
BCC has a Current Ratio of 2.82. This indicates that BCC is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of BCC (2.82) is better than 74.47% of its industry peers.
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.
Looking at the Quick ratio, with a value of 1.51, BCC is in the better half of the industry, outperforming 65.96% of the companies in the same industry.
| 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.
Measured over the past years, BCC shows a very strong growth in Earnings Per Share. The EPS has been growing by 35.93% on average per year.
The Revenue has decreased by -4.67% in the past year.
Measured over the past years, BCC shows a small growth in Revenue. The Revenue has been growing by 7.69% on average per year.
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.
Based on estimates for the next years, BCC will show a small growth in Revenue. The Revenue will grow by 1.83% on average per year.
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
With a Price/Earnings ratio of 11.23, the valuation of BCC can be described as very reasonable.
BCC's Price/Earnings ratio is rather cheap when compared to the industry. BCC is cheaper than 89.36% of the companies in the same industry.
When comparing the Price/Earnings ratio of BCC to the average of the S&P500 Index (27.29), we can say BCC is valued rather cheaply.
With a Price/Forward Earnings ratio of 11.05, the valuation of BCC can be described as very reasonable.
BCC's Price/Forward Earnings ratio is rather cheap when compared to the industry. BCC is cheaper than 80.85% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.74, BCC is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.23 | ||
| Fwd PE | 11.05 |
4.2 Price Multiples
BCC's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. BCC is cheaper than 97.87% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BCC indicates a somewhat cheap valuation: BCC is cheaper than 63.83% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 25.27 | ||
| EV/EBITDA | 5.89 |
4.3 Compensation for Growth
The decent profitability rating of BCC may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.31
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 2.02.
Compared to an average S&P500 Dividend Yield of 2.37, BCC's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.9% |
5.2 History
The dividend of BCC is nicely growing with an annual growth rate of 33.47%!
BCC has paid a dividend for at least 10 years, which is 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.
The dividend of BCC is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP72.97%
EPS Next 2Y-7.74%
EPS Next 3Y0.88%
89.95
-3.2 (-3.44%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryTrading Companies & Distributors
Earnings (Last)
Earnings (Next)
Inst Owners111.8%
Inst Owner Change0%
Ins Owners0.96%
Ins Owner Change1.67%
Market Cap3.38B
Analysts70.91
Price Target114.07 (26.81%)
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 | 11.23 | ||
| Fwd PE | 11.05 | ||
| P/S | 0.51 | ||
| P/FCF | 25.27 | ||
| P/OCF | 8.85 | ||
| P/B | 1.59 | ||
| P/tB | 1.89 | ||
| EV/EBITDA | 5.89 |
EPS(TTM)8.01
EY8.9%
EPS(NY)8.14
Fwd EY9.05%
FCF(TTM)3.56
FCFY3.96%
OCF(TTM)10.16
OCFY11.3%
SpS175.8
BVpS56.53
TBVpS47.49
PEG (NY)N/A
PEG (5Y)0.31
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 | 5.02 |
F-Score4
WACC9.82%
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%