B&C SPEAKERS SPA (BEC.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:BEC - IT0001268561 - Common Stock
15.2 EUR
-0.35 (-2.25%)
We assign a fundamental rating of 8 out of 10 to BEC. BEC was compared to 32 industry peers in the Household Durables industry. BEC has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. BEC scores decently on growth, while it is valued quite cheap. This could make an interesting combination. Finally BEC also has an excellent dividend rating. With these ratings, BEC could be worth investigating further for value and dividend investing!.
1. Profitability
1.1 Basic Checks
BEC had positive earnings in the past year.
In the past year BEC had a positive cash flow from operations.
BEC had positive earnings in each of the past 5 years.
In the past 5 years BEC always reported a positive cash flow from operatings.
1.2 Ratios
With an excellent Return On Assets value of 21.88%, BEC belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
With an excellent Return On Equity value of 38.43%, BEC belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
BEC has a Return On Invested Capital of 34.84%. This is amongst the best in the industry. BEC outperforms 100.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for BEC is significantly above the industry average of 8.34%.
The last Return On Invested Capital (34.84%) for BEC is above the 3 year average (26.56%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 21.88% | ||
| ROE | 38.43% | ||
| ROIC | 34.84% |
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
The Profit Margin of BEC (12.95%) is better than 94.44% of its industry peers.
In the last couple of years the Profit Margin of BEC has grown nicely.
The Operating Margin of BEC (19.52%) is better than 94.44% of its industry peers.
In the last couple of years the Operating Margin of BEC has remained more or less at the same level.
The Gross Margin of BEC (38.18%) is comparable to the rest of the industry.
BEC's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 19.52% | ||
| PM (TTM) | 12.95% | ||
| GM | 38.18% |
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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so BEC is creating value.
The number of shares outstanding for BEC has been reduced compared to 1 year ago.
BEC has less shares outstanding than it did 5 years ago.
The debt/assets ratio for BEC has been reduced compared to a year ago.
2.2 Solvency
BEC has an Altman-Z score of 6.78. This indicates that BEC is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 6.78, BEC belongs to the best of the industry, outperforming 97.22% of the companies in the same industry.
BEC has a debt to FCF ratio of 2.48. This is a good value and a sign of high solvency as BEC would need 2.48 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 2.48, BEC belongs to the best of the industry, outperforming 80.56% of the companies in the same industry.
BEC has a Debt/Equity ratio of 0.36. This is a healthy value indicating a solid balance between debt and equity.
BEC has a better Debt to Equity ratio (0.36) than 63.89% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.36 | ||
| Debt/FCF | 2.48 | ||
| Altman-Z | 6.78 |
ROIC/WACC4.55
WACC7.65%
2.3 Liquidity
BEC has a Current Ratio of 3.42. This indicates that BEC is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of BEC (3.42) is better than 88.89% of its industry peers.
BEC has a Quick Ratio of 2.08. This indicates that BEC is financially healthy and has no problem in meeting its short term obligations.
BEC has a Quick ratio of 2.08. This is amongst the best in the industry. BEC outperforms 97.22% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.42 | ||
| Quick Ratio | 2.08 |
3. Growth
3.1 Past
BEC shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -19.88%.
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 5.38% in the past year.
The Revenue has been growing by 12.26% on average over the past years. This is quite good.
EPS 1Y (TTM)-19.88%
EPS 3Y52.14%
EPS 5Y15.74%
EPS Q2Q%-51.4%
Revenue 1Y (TTM)5.38%
Revenue growth 3Y30.43%
Revenue growth 5Y12.26%
Sales Q2Q%-1.14%
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.
Based on estimates for the next years, BEC will show a small growth in Revenue. The Revenue will grow by 3.40% on average per year.
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
Based on the Price/Earnings ratio of 8.54, the valuation of BEC can be described as reasonable.
Based on the Price/Earnings ratio, BEC is valued cheaply inside the industry as 88.89% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of BEC to the average of the S&P500 Index (26.51), we can say BEC is valued rather cheaply.
With a Price/Forward Earnings ratio of 9.47, the valuation of BEC can be described as very reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BEC is on the same level as its industry peers.
BEC's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.13.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.54 | ||
| Fwd PE | 9.47 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BEC is valued a bit cheaper than the industry average as 77.78% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BEC indicates a somewhat cheap valuation: BEC is cheaper than 61.11% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.32 | ||
| EV/EBITDA | 5.47 |
4.3 Compensation for Growth
The 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)0.97
PEG (5Y)0.54
EPS Next 2Y7.73%
EPS Next 3Y4.89%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.60%, BEC is a good candidate for dividend investing.
BEC's Dividend Yield is rather good when compared to the industry average which is at 2.58. BEC pays more dividend than 83.33% of the companies in the same industry.
BEC's Dividend Yield is rather good when compared to the S&P500 average which is at 2.00.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.6% |
5.2 History
The dividend of BEC is nicely growing with an annual growth rate of 7.01%!
Dividend Growth(5Y)7.01%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
BEC pays out 55.55% of its income as dividend. This is a bit on the high side, but may be sustainable.
BEC's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP55.55%
EPS Next 2Y7.73%
EPS Next 3Y4.89%
BIT:BEC (12/30/2025, 7:00:00 PM)
15.2
-0.35 (-2.25%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryHousehold Durables
Earnings (Last)
Earnings (Next)
Inst Owners29.81%
Inst Owner ChangeN/A
Ins Owners52.73%
Ins Owner ChangeN/A
Market Cap167.20M
Revenue(TTM)151.00M
Net Income(TTM)19.56M
Analysts80
Price Target19.71 (29.67%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.6% |
Yearly Dividend0.7
Dividend Growth(5Y)7.01%
DP55.55%
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 | 8.54 | ||
| Fwd PE | 9.47 | ||
| P/S | 1.11 | ||
| P/FCF | 17.32 | ||
| P/OCF | 14.44 | ||
| P/B | 3.28 | ||
| P/tB | 3.48 | ||
| EV/EBITDA | 5.47 |
EPS(TTM)1.78
EY11.71%
EPS(NY)1.61
Fwd EY10.57%
FCF(TTM)0.88
FCFY5.77%
OCF(TTM)1.05
OCFY6.92%
SpS13.73
BVpS4.63
TBVpS4.36
PEG (NY)0.97
PEG (5Y)0.54
Graham Number13.61
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 21.88% | ||
| ROE | 38.43% | ||
| ROCE | 43.39% | ||
| ROIC | 34.84% | ||
| ROICexc | 41.82% | ||
| ROICexgc | 44.02% | ||
| OM | 19.52% | ||
| PM (TTM) | 12.95% | ||
| GM | 38.18% | ||
| FCFM | 6.39% |
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%
ROICexgc growth 3Y17.34%
ROICexgc 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-Score5
Asset Turnover1.69
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.36 | ||
| Debt/FCF | 2.48 | ||
| Debt/EBITDA | 0.57 | ||
| Cap/Depr | 67.1% | ||
| Cap/Sales | 1.28% | ||
| Interest Coverage | 20.82 | ||
| Cash Conversion | 35.78% | ||
| Profit Quality | 49.34% | ||
| Current Ratio | 3.42 | ||
| Quick Ratio | 2.08 | ||
| Altman-Z | 6.78 |
F-Score5
WACC7.65%
ROIC/WACC4.55
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)-19.88%
EPS 3Y52.14%
EPS 5Y15.74%
EPS Q2Q%-51.4%
EPS Next Y8.76%
EPS Next 2Y7.73%
EPS Next 3Y4.89%
EPS Next 5YN/A
Revenue 1Y (TTM)5.38%
Revenue growth 3Y30.43%
Revenue growth 5Y12.26%
Sales Q2Q%-1.14%
Revenue Next Year6.45%
Revenue Next 2Y5.43%
Revenue Next 3Y3.4%
Revenue Next 5YN/A
EBIT growth 1Y5.28%
EBIT growth 3Y42.71%
EBIT growth 5Y13.11%
EBIT Next Year19.14%
EBIT Next 3Y7.76%
EBIT Next 5YN/A
FCF growth 1Y-29.27%
FCF growth 3Y96.38%
FCF growth 5Y0.44%
OCF growth 1Y-19.96%
OCF growth 3Y90.76%
OCF growth 5Y2.37%
B&C SPEAKERS SPA / BEC.MI FAQ
What is the fundamental rating for BEC stock?
ChartMill assigns a fundamental rating of 8 / 10 to BEC.MI.
What is the valuation status of B&C SPEAKERS SPA (BEC.MI) stock?
ChartMill assigns a valuation rating of 7 / 10 to B&C SPEAKERS SPA (BEC.MI). This can be considered as Undervalued.
How profitable is B&C SPEAKERS SPA (BEC.MI) stock?
B&C SPEAKERS SPA (BEC.MI) has a profitability rating of 9 / 10.
What is the earnings growth outlook for B&C SPEAKERS SPA?
The Earnings per Share (EPS) of B&C SPEAKERS SPA (BEC.MI) is expected to grow by 8.76% in the next year.
How sustainable is the dividend of B&C SPEAKERS SPA (BEC.MI) stock?
The dividend rating of B&C SPEAKERS SPA (BEC.MI) is 7 / 10 and the dividend payout ratio is 55.55%.