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 gets an excellent profitability rating and is at the same time showing great financial health properties. BCC is valued correctly, 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.
BCC had positive earnings in each of the past 5 years.
In the past 5 years BCC always reported a positive cash flow from operatings.
1.2 Ratios
With an excellent Return On Assets value of 11.17%, BCC belongs to the best of the industry, outperforming 91.67% of the companies in the same industry.
BCC has a Return On Equity of 17.49%. This is in the better half of the industry: BCC outperforms 70.83% of its industry peers.
BCC has a Return On Invested Capital of 13.10%. This is amongst the best in the industry. BCC outperforms 83.33% 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 9.25%.
The 3 year average ROIC (20.56%) for BCC is well above the current ROIC(13.10%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.17% | ||
| ROE | 17.49% | ||
| ROIC | 13.1% |
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
The Profit Margin of BCC (5.60%) is better than 62.50% of its industry peers.
BCC's Profit Margin has improved in the last couple of years.
BCC has a Operating Margin (7.29%) which is comparable to the rest of the industry.
In the last couple of years the Operating Margin of BCC has grown nicely.
BCC has a Gross Margin of 19.79%. This is in the lower half of the industry: BCC underperforms 79.17% of its industry peers.
BCC's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.29% | ||
| PM (TTM) | 5.6% | ||
| GM | 19.79% |
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
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), BCC is creating value.
BCC has less shares outstanding than it did 1 year ago.
BCC has less shares outstanding than it did 5 years ago.
BCC has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 5.49 indicates that BCC is not in any danger for bankruptcy at the moment.
BCC's Altman-Z score of 5.49 is amongst the best of the industry. BCC outperforms 85.42% of its industry peers.
The Debt to FCF ratio of BCC is 2.27, which is a good value as it means it would take BCC, 2.27 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of BCC (2.27) is better than 72.92% of 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.
BCC has a Debt to Equity ratio of 0.22. This is in the better half of the industry: BCC outperforms 70.83% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | 2.27 | ||
| Altman-Z | 5.49 |
ROIC/WACC1.36
WACC9.64%
2.3 Liquidity
A Current Ratio of 3.34 indicates that BCC has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 3.34, BCC is in the better half of the industry, outperforming 79.17% of the companies in the same industry.
A Quick Ratio of 1.92 indicates that BCC should not have too much problems paying its short term obligations.
With a decent Quick ratio value of 1.92, BCC is doing good in the industry, outperforming 75.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.34 | ||
| Quick Ratio | 1.92 |
3. Growth
3.1 Past
The earnings per share for BCC have decreased strongly by -21.12% 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.
Looking at the last year, BCC shows a decrease in Revenue. The Revenue has decreased by -1.67% in the last 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)-21.12%
EPS 3Y-18.94%
EPS 5Y35.93%
EPS Q2Q%-27.05%
Revenue 1Y (TTM)-1.67%
Revenue growth 3Y-5.33%
Revenue growth 5Y7.69%
Sales Q2Q%-4.67%
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 2.27% on average per year.
The Revenue is expected to grow by 2.69% on average over the next years.
EPS Next Y-16.98%
EPS Next 2Y-1.37%
EPS Next 3Y2.27%
EPS Next 5YN/A
Revenue Next Year0.34%
Revenue Next 2Y2.7%
Revenue Next 3Y2.69%
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
BCC is valuated reasonably with a Price/Earnings ratio of 9.76.
Based on the Price/Earnings ratio, BCC is valued cheaply inside the industry as 93.75% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 28.33, BCC is valued rather cheaply.
A Price/Forward Earnings ratio of 11.76 indicates a reasonable valuation of BCC.
Based on the Price/Forward Earnings ratio, BCC is valued a bit cheaper than the industry average as 79.17% of the companies are valued more expensively.
BCC is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.37, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.76 | ||
| Fwd PE | 11.76 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BCC indicates a rather cheap valuation: BCC is cheaper than 87.50% of the companies listed 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 77.08% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.01 | ||
| EV/EBITDA | 5.18 |
4.3 Compensation for Growth
BCC has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.27
EPS Next 2Y-1.37%
EPS Next 3Y2.27%
5. Dividend
5.1 Amount
BCC has a yearly dividend return of 0.90%, which is pretty low.
In the last 3 months the price of BCC has falen by -26.58%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
Compared to an average industry Dividend Yield of 2.26, BCC has a dividend in line with its industry peers.
With a Dividend Yield of 0.90, BCC pays less dividend than the S&P500 average, which is at 2.51.
| 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.
The dividend of BCC decreased recently.
Dividend Growth(5Y)33.47%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
BCC pays out 60.80% of its income as dividend. This is not a sustainable payout ratio.
BCC's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP60.8%
EPS Next 2Y-1.37%
EPS Next 3Y2.27%
93.33
+0.3 (+0.32%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryTrading Companies & Distributors
Earnings (Last)
Earnings (Next)
Inst Owners100.27%
Inst Owner Change0.38%
Ins Owners0.81%
Ins Owner Change0.05%
Market Cap3.55B
Analysts70.91
Price Target128.86 (38.07%)
Short Float %2.93%
Short Ratio3.23
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.9% |
Yearly Dividend5.89
Dividend Growth(5Y)33.47%
DP60.8%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-1.22%
Min EPS beat(2)-1.73%
Max EPS beat(2)-0.71%
EPS beat(4)2
Avg EPS beat(4)3.82%
Min EPS beat(4)-1.73%
Max EPS beat(4)12.6%
EPS beat(8)5
Avg EPS beat(8)12.59%
EPS beat(12)8
Avg EPS beat(12)13.37%
EPS beat(16)12
Avg EPS beat(16)22.31%
Revenue beat(2)0
Avg Revenue beat(2)-0.91%
Min Revenue beat(2)-1.28%
Max Revenue beat(2)-0.54%
Revenue beat(4)2
Avg Revenue beat(4)0.72%
Min Revenue beat(4)-1.28%
Max Revenue beat(4)4.21%
Revenue beat(8)3
Avg Revenue beat(8)0.52%
Revenue beat(12)6
Avg Revenue beat(12)1.14%
Revenue beat(16)10
Avg Revenue beat(16)3.98%
PT rev (1m)0%
PT rev (3m)-13.57%
EPS NQ rev (1m)-8.13%
EPS NQ rev (3m)-40.89%
EPS NY rev (1m)-22.98%
EPS NY rev (3m)-24.5%
Revenue NQ rev (1m)-0.32%
Revenue NQ rev (3m)-9.16%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.56%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.76 | ||
| Fwd PE | 11.76 | ||
| P/S | 0.53 | ||
| P/FCF | 17.01 | ||
| P/OCF | 8.1 | ||
| P/B | 1.65 | ||
| P/tB | 1.97 | ||
| EV/EBITDA | 5.18 |
EPS(TTM)9.56
EY10.24%
EPS(NY)7.94
Fwd EY8.5%
FCF(TTM)5.49
FCFY5.88%
OCF(TTM)11.52
OCFY12.35%
SpS176.77
BVpS56.55
TBVpS47.48
PEG (NY)N/A
PEG (5Y)0.27
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.17% | ||
| ROE | 17.49% | ||
| ROCE | 17.47% | ||
| ROIC | 13.1% | ||
| ROICexc | 17.57% | ||
| ROICexgc | 21.03% | ||
| OM | 7.29% | ||
| PM (TTM) | 5.6% | ||
| GM | 19.79% | ||
| FCFM | 3.1% |
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-Score5
Asset Turnover2
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | 2.27 | ||
| Debt/EBITDA | 0.74 | ||
| Cap/Depr | 155.74% | ||
| Cap/Sales | 3.41% | ||
| Interest Coverage | 21.68 | ||
| Cash Conversion | 68.76% | ||
| Profit Quality | 55.47% | ||
| Current Ratio | 3.34 | ||
| Quick Ratio | 1.92 | ||
| Altman-Z | 5.49 |
F-Score5
WACC9.64%
ROIC/WACC1.36
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)-21.12%
EPS 3Y-18.94%
EPS 5Y35.93%
EPS Q2Q%-27.05%
EPS Next Y-16.98%
EPS Next 2Y-1.37%
EPS Next 3Y2.27%
EPS Next 5YN/A
Revenue 1Y (TTM)-1.67%
Revenue growth 3Y-5.33%
Revenue growth 5Y7.69%
Sales Q2Q%-4.67%
Revenue Next Year0.34%
Revenue Next 2Y2.7%
Revenue Next 3Y2.69%
Revenue Next 5YN/A
EBIT growth 1Y-21.52%
EBIT growth 3Y-20.41%
EBIT growth 5Y29.13%
EBIT Next Year16.57%
EBIT Next 3Y11.14%
EBIT Next 5YN/A
FCF growth 1Y-55.77%
FCF growth 3Y-28.05%
FCF growth 5Y5.09%
OCF growth 1Y-36.24%
OCF growth 3Y-13.06%
OCF growth 5Y12.28%