B&C SPEAKERS SPA (BEC.MI) Stock Fundamental Analysis
Europe - BIT:BEC - IT0001268561 - Common Stock
17 EUR
+0.2 (+1.19%)
Taking everything into account, BEC scores 8 out of 10 in our fundamental rating. BEC was compared to 32 industry peers in the Household Durables industry. Both the health and profitability get an excellent rating, making BEC a very profitable company, without any liquidiy or solvency issues. A decent growth rate in combination with a cheap valuation! Better keep an eye on BEC. BEC also has an excellent dividend rating. This makes BEC very considerable for value and dividend and quality investing!
1. Profitability
1.1 Basic Checks
In the past year BEC was profitable.
In the past year BEC had a positive cash flow from operations.
BEC had positive earnings in each of the past 5 years.
BEC had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
BEC's Return On Assets of 28.77% is amongst the best of the industry. BEC outperforms 100.00% of its industry peers.
The Return On Equity of BEC (45.49%) is better than 100.00% of its industry peers.
BEC has a Return On Invested Capital of 35.43%. This is amongst the best in the industry. BEC outperforms 100.00% of its industry peers.
BEC had an Average Return On Invested Capital over the past 3 years of 26.56%. This is significantly above the industry average of 9.97%.
The last Return On Invested Capital (35.43%) for BEC is above the 3 year average (26.56%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 28.77% | ||
| ROE | 45.49% | ||
| ROIC | 35.43% |
ROA(3y)17.3%
ROA(5y)12.66%
ROE(3y)31.96%
ROE(5y)24.15%
ROIC(3y)26.56%
ROIC(5y)19.74%
1.3 Margins
BEC's Profit Margin of 16.78% is amongst the best of the industry. BEC outperforms 96.88% of its industry peers.
In the last couple of years the Profit Margin of BEC has grown nicely.
BEC has a better Operating Margin (19.38%) than 96.88% of its industry peers.
BEC's Operating Margin has been stable in the last couple of years.
BEC's Gross Margin of 37.40% is in line compared to the rest of the industry. BEC outperforms 50.00% of its industry peers.
BEC's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 19.38% | ||
| PM (TTM) | 16.78% | ||
| GM | 37.4% |
OM growth 3Y9.42%
OM growth 5Y0.76%
PM growth 3Y17.26%
PM growth 5Y2.99%
GM growth 3Y1.29%
GM growth 5Y-0.86%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), BEC is creating value.
Compared to 1 year ago, BEC has less shares outstanding
The number of shares outstanding for BEC has been reduced compared to 5 years ago.
BEC has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 7.74 indicates that BEC is not in any danger for bankruptcy at the moment.
BEC has a Altman-Z score of 7.74. This is amongst the best in the industry. BEC outperforms 96.88% of its industry peers.
BEC has a debt to FCF ratio of 1.63. This is a very positive value and a sign of high solvency as it would only need 1.63 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 1.63, BEC belongs to the best of the industry, outperforming 87.50% of the companies in the same industry.
BEC has a Debt/Equity ratio of 0.22. This is a healthy value indicating a solid balance between debt and equity.
BEC's Debt to Equity ratio of 0.22 is fine compared to the rest of the industry. BEC outperforms 68.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | 1.63 | ||
| Altman-Z | 7.74 |
ROIC/WACC4.58
WACC7.73%
2.3 Liquidity
BEC has a Current Ratio of 3.25. This indicates that BEC is financially healthy and has no problem in meeting its short term obligations.
BEC has a better Current ratio (3.25) than 84.38% of its industry peers.
A Quick Ratio of 1.88 indicates that BEC should not have too much problems paying its short term obligations.
BEC's Quick ratio of 1.88 is amongst the best of the industry. BEC outperforms 96.88% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.25 | ||
| Quick Ratio | 1.88 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 22.49% over the past year.
BEC shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 15.74% yearly.
The Revenue has been growing slightly by 7.83% in the past year.
Measured over the past years, BEC shows a quite strong growth in Revenue. The Revenue has been growing by 12.26% on average per year.
EPS 1Y (TTM)22.49%
EPS 3Y52.14%
EPS 5Y15.74%
EPS Q2Q%13.33%
Revenue 1Y (TTM)7.83%
Revenue growth 3Y30.43%
Revenue growth 5Y12.26%
Sales Q2Q%8.26%
3.2 Future
Based on estimates for the next years, BEC will show a small growth in Earnings Per Share. The EPS will grow by 4.89% on average per year.
BEC is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.40% yearly.
EPS Next Y8.76%
EPS Next 2Y7.73%
EPS Next 3Y4.89%
EPS Next 5YN/A
Revenue Next Year6.45%
Revenue Next 2Y5.43%
Revenue Next 3Y3.4%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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 7.30 indicates a rather cheap valuation of BEC.
Based on the Price/Earnings ratio, BEC is valued cheaply inside the industry as 93.75% of the companies are valued more expensively.
BEC is valuated cheaply when we compare the Price/Earnings ratio to 27.20, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 10.59, the valuation of BEC can be described as very reasonable.
The rest of the industry has a similar Price/Forward Earnings ratio as BEC.
The average S&P500 Price/Forward Earnings ratio is at 22.70. BEC is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.3 | ||
| Fwd PE | 10.59 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BEC is valued a bit cheaper than 68.75% of the companies in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as BEC.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.4 | ||
| EV/EBITDA | 6.01 |
4.3 Compensation for Growth
BEC's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The excellent profitability rating of BEC may justify a higher PE ratio.
PEG (NY)0.83
PEG (5Y)0.46
EPS Next 2Y7.73%
EPS Next 3Y4.89%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.26%, BEC is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.90, BEC pays a better dividend. On top of this BEC pays more dividend than 84.38% of the companies listed in the same industry.
BEC's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.26% |
5.2 History
On average, the dividend of BEC grows each year by 7.01%, which is quite nice.
Dividend Growth(5Y)7.01%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
BEC pays out 30.59% of its income as dividend. This is a sustainable payout ratio.
The dividend of BEC is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP30.59%
EPS Next 2Y7.73%
EPS Next 3Y4.89%
BIT:BEC (9/17/2025, 10:41:34 AM)
17
+0.2 (+1.19%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryHousehold Durables
Earnings (Last)
Earnings (Next)
Inst Owners27.02%
Inst Owner ChangeN/A
Ins Owners52.73%
Ins Owner ChangeN/A
Market Cap187.00M
Analysts80
Price Target19.71 (15.94%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.26% |
Yearly Dividend0.7
Dividend Growth(5Y)7.01%
DP30.59%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.3 | ||
| Fwd PE | 10.59 | ||
| P/S | 1.25 | ||
| P/FCF | 17.4 | ||
| P/OCF | 14.42 | ||
| P/B | 3.39 | ||
| P/tB | 3.58 | ||
| EV/EBITDA | 6.01 |
EPS(TTM)2.33
EY13.71%
EPS(NY)1.61
Fwd EY9.45%
FCF(TTM)0.98
FCFY5.75%
OCF(TTM)1.18
OCFY6.94%
SpS13.6
BVpS5.02
TBVpS4.75
PEG (NY)0.83
PEG (5Y)0.46
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 28.77% | ||
| ROE | 45.49% | ||
| ROCE | 44.29% | ||
| ROIC | 35.43% | ||
| ROICexc | 41.04% | ||
| ROICexgc | 43.2% | ||
| OM | 19.38% | ||
| PM (TTM) | 16.78% | ||
| GM | 37.4% | ||
| FCFM | 7.18% |
ROA(3y)17.3%
ROA(5y)12.66%
ROE(3y)31.96%
ROE(5y)24.15%
ROIC(3y)26.56%
ROIC(5y)19.74%
ROICexc(3y)31.8%
ROICexc(5y)24.11%
ROICexgc(3y)33.73%
ROICexgc(5y)25.74%
ROCE(3y)32.9%
ROCE(5y)24.32%
ROICexcg growth 3Y17.34%
ROICexcg growth 5Y-0.79%
ROICexc growth 3Y18.52%
ROICexc growth 5Y-0.06%
OM growth 3Y9.42%
OM growth 5Y0.76%
PM growth 3Y17.26%
PM growth 5Y2.99%
GM growth 3Y1.29%
GM growth 5Y-0.86%
F-Score8
Asset Turnover1.71
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | 1.63 | ||
| Debt/EBITDA | 0.38 | ||
| Cap/Depr | 82.09% | ||
| Cap/Sales | 1.48% | ||
| Interest Coverage | 31.63 | ||
| Cash Conversion | 40.91% | ||
| Profit Quality | 42.81% | ||
| Current Ratio | 3.25 | ||
| Quick Ratio | 1.88 | ||
| Altman-Z | 7.74 |
F-Score8
WACC7.73%
ROIC/WACC4.58
Cap/Depr(3y)55.55%
Cap/Depr(5y)40.71%
Cap/Sales(3y)1.4%
Cap/Sales(5y)1.24%
Profit Quality(3y)64.2%
Profit Quality(5y)115.86%
High Growth Momentum
Growth
EPS 1Y (TTM)22.49%
EPS 3Y52.14%
EPS 5Y15.74%
EPS Q2Q%13.33%
EPS Next Y8.76%
EPS Next 2Y7.73%
EPS Next 3Y4.89%
EPS Next 5YN/A
Revenue 1Y (TTM)7.83%
Revenue growth 3Y30.43%
Revenue growth 5Y12.26%
Sales Q2Q%8.26%
Revenue Next Year6.45%
Revenue Next 2Y5.43%
Revenue Next 3Y3.4%
Revenue Next 5YN/A
EBIT growth 1Y-3.99%
EBIT growth 3Y42.71%
EBIT growth 5Y13.11%
EBIT Next Year19.14%
EBIT Next 3Y7.76%
EBIT Next 5YN/A
FCF growth 1Y-37.64%
FCF growth 3Y96.38%
FCF growth 5Y0.44%
OCF growth 1Y-29.3%
OCF growth 3Y90.76%
OCF growth 5Y2.37%