B&C SPEAKERS SPA (BEC.MI) Stock Fundamental Analysis
BIT:BEC - Euronext Milan - IT0001268561 - Common Stock - Currency: EUR
Overall BEC gets a fundamental rating of 7 out of 10. We evaluated BEC against 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 has a correct valuation and a medium growth rate. Finally BEC also has an excellent dividend rating. These ratings would make BEC suitable for dividend investing!
1. Profitability
1.1 Basic Checks
In the past year BEC was profitable.
BEC had a positive operating cash flow in the past year.
Each year in the past 5 years BEC has been profitable.
In the past 5 years BEC always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of BEC (27.17%) is better than 100.00% of its industry peers.
BEC's Return On Equity of 48.56% is amongst the best of the industry. BEC outperforms 100.00% of its industry peers.
BEC has a better Return On Invested Capital (32.16%) than 91.43% of its industry peers.
BEC had an Average Return On Invested Capital over the past 3 years of 20.37%. This is significantly above the industry average of 14.20%.
The 3 year average ROIC (20.37%) for BEC is below the current ROIC(32.16%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 27.17% | ||
| ROE | 48.56% | ||
| ROIC | 32.16% |
ROA(3y)13.1%
ROA(5y)11.88%
ROE(3y)27.06%
ROE(5y)24.42%
ROIC(3y)20.37%
ROIC(5y)17.35%
1.3 Margins
Looking at the Profit Margin, with a value of 17.04%, BEC belongs to the top of the industry, outperforming 94.29% of the companies in the same industry.
BEC's Profit Margin has declined in the last couple of years.
The Operating Margin of BEC (19.54%) is better than 94.29% of its industry peers.
BEC's Operating Margin has improved in the last couple of years.
With a Gross Margin value of 37.12%, BEC perfoms like the industry average, outperforming 48.57% of the companies in the same industry.
In the last couple of years the Gross Margin of BEC has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 19.54% | ||
| PM (TTM) | 17.04% | ||
| GM | 37.12% |
OM growth 3Y31.98%
OM growth 5Y3.64%
PM growth 3Y35.42%
PM growth 5Y-2.74%
GM growth 3Y0.67%
GM growth 5Y-0.41%
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 increased compared to 1 year ago.
BEC has about the same amout of shares outstanding than it did 5 years ago.
Compared to 1 year ago, BEC has an improved debt to assets ratio.
2.2 Solvency
BEC has an Altman-Z score of 6.52. This indicates that BEC is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of BEC (6.52) is better than 97.14% of its industry peers.
The Debt to FCF ratio of BEC is 1.25, which is an excellent value as it means it would take BEC, only 1.25 years of fcf income to pay off all of its debts.
BEC has a Debt to FCF ratio of 1.25. This is amongst the best in the industry. BEC outperforms 91.43% of its industry peers.
A Debt/Equity ratio of 0.25 indicates that BEC is not too dependend on debt financing.
The Debt to Equity ratio of BEC (0.25) is better than 74.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.25 | ||
| Debt/FCF | 1.25 | ||
| Altman-Z | 6.52 |
ROIC/WACC4.1
WACC7.85%
2.3 Liquidity
A Current Ratio of 2.61 indicates that BEC has no problem at all paying its short term obligations.
BEC has a Current ratio of 2.61. This is in the better half of the industry: BEC outperforms 80.00% of its industry peers.
A Quick Ratio of 1.62 indicates that BEC should not have too much problems paying its short term obligations.
With an excellent Quick ratio value of 1.62, BEC belongs to the best of the industry, outperforming 94.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.61 | ||
| Quick Ratio | 1.62 |
3. Growth
3.1 Past
BEC shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 4.66%.
The Earnings Per Share has been growing by 8.56% on average over the past years. This is quite good.
BEC shows a small growth in Revenue. In the last year, the Revenue has grown by 4.13%.
BEC shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.52% yearly.
EPS 1Y (TTM)4.66%
EPS 3Y93.71%
EPS 5Y8.56%
EPS Q2Q%15.3%
Revenue 1Y (TTM)4.13%
Revenue growth 3Y43.26%
Revenue growth 5Y11.52%
Sales Q2Q%11.81%
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 3.55% on average per year.
Based on estimates for the next years, BEC will show a small growth in Revenue. The Revenue will grow by 4.84% on average per year.
EPS Next Y-0.36%
EPS Next 2Y4.1%
EPS Next 3Y4.96%
EPS Next 5Y3.55%
Revenue Next Year9.31%
Revenue Next 2Y7.87%
Revenue Next 3Y6.71%
Revenue Next 5Y4.84%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 6.87, the valuation of BEC can be described as very cheap.
BEC's Price/Earnings ratio is rather cheap when compared to the industry. BEC is cheaper than 85.71% of the companies in the same industry.
BEC's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 29.35.
A Price/Forward Earnings ratio of 10.37 indicates a reasonable valuation of BEC.
BEC's Price/Forward Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.10, BEC is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.87 | ||
| Fwd PE | 10.37 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BEC is on the same level as its industry peers.
Based on the Price/Free Cash Flow ratio, BEC is valued a bit cheaper than the industry average as 62.86% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.15 | ||
| EV/EBITDA | 5.85 |
4.3 Compensation for Growth
BEC has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.8
EPS Next 2Y4.1%
EPS Next 3Y4.96%
5. Dividend
5.1 Amount
BEC has a Yearly Dividend Yield of 4.44%, which is a nice return.
BEC's Dividend Yield is a higher than the industry average which is at 5.11.
BEC's Dividend Yield is rather good when compared to the S&P500 average which is at 2.33.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.44% |
5.2 History
On average, the dividend of BEC grows each year by 7.28%, which is quite nice.
Dividend Growth(5Y)7.28%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
31.45% of the earnings are spent on dividend by BEC. This is a low number and sustainable payout ratio.
BEC's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP31.45%
EPS Next 2Y4.1%
EPS Next 3Y4.96%
BIT:BEC (3/7/2025, 7:00:00 PM)
15.6
-0.1 (-0.64%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryHousehold Durables
Earnings (Last)
Earnings (Next)
Inst Owners27.49%
Inst Owner ChangeN/A
Ins Owners54%
Ins Owner ChangeN/A
Market Cap171.60M
Analysts80
Price Target19.71 (26.35%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.44% |
Yearly Dividend0.6
Dividend Growth(5Y)7.28%
DP31.45%
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)0.74%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.58%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.87 | ||
| Fwd PE | 10.37 | ||
| P/S | 1.2 | ||
| P/FCF | 11.15 | ||
| P/OCF | 9.87 | ||
| P/B | 3.41 | ||
| P/tB | 3.61 | ||
| EV/EBITDA | 5.85 |
EPS(TTM)2.27
EY14.55%
EPS(NY)1.5
Fwd EY9.65%
FCF(TTM)1.4
FCFY8.97%
OCF(TTM)1.58
OCFY10.13%
SpS13.03
BVpS4.57
TBVpS4.32
PEG (NY)N/A
PEG (5Y)0.8
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 27.17% | ||
| ROE | 48.56% | ||
| ROCE | 45.76% | ||
| ROIC | 32.16% | ||
| ROICexc | 38.42% | ||
| ROICexgc | 40.56% | ||
| OM | 19.54% | ||
| PM (TTM) | 17.04% | ||
| GM | 37.12% | ||
| FCFM | 10.74% |
ROA(3y)13.1%
ROA(5y)11.88%
ROE(3y)27.06%
ROE(5y)24.42%
ROIC(3y)20.37%
ROIC(5y)17.35%
ROICexc(3y)24.82%
ROICexc(5y)21.23%
ROICexgc(3y)26.5%
ROICexgc(5y)22.85%
ROCE(3y)28.44%
ROCE(5y)24.12%
ROICexcg growth 3Y53.93%
ROICexcg growth 5Y3.27%
ROICexc growth 3Y56.15%
ROICexc growth 5Y4.17%
OM growth 3Y31.98%
OM growth 5Y3.64%
PM growth 3Y35.42%
PM growth 5Y-2.74%
GM growth 3Y0.67%
GM growth 5Y-0.41%
F-Score4
Asset Turnover1.59
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.25 | ||
| Debt/FCF | 1.25 | ||
| Debt/EBITDA | 0.41 | ||
| Cap/Depr | 82.09% | ||
| Cap/Sales | 1.39% | ||
| Interest Coverage | 25.4 | ||
| Cash Conversion | 57.14% | ||
| Profit Quality | 63.04% | ||
| Current Ratio | 2.61 | ||
| Quick Ratio | 1.62 | ||
| Altman-Z | 6.52 |
F-Score4
WACC7.85%
ROIC/WACC4.1
Cap/Depr(3y)35.64%
Cap/Depr(5y)33.16%
Cap/Sales(3y)1%
Cap/Sales(5y)1.16%
Profit Quality(3y)53.57%
Profit Quality(5y)128.21%
High Growth Momentum
Growth
EPS 1Y (TTM)4.66%
EPS 3Y93.71%
EPS 5Y8.56%
EPS Q2Q%15.3%
EPS Next Y-0.36%
EPS Next 2Y4.1%
EPS Next 3Y4.96%
EPS Next 5Y3.55%
Revenue 1Y (TTM)4.13%
Revenue growth 3Y43.26%
Revenue growth 5Y11.52%
Sales Q2Q%11.81%
Revenue Next Year9.31%
Revenue Next 2Y7.87%
Revenue Next 3Y6.71%
Revenue Next 5Y4.84%
EBIT growth 1Y-14.26%
EBIT growth 3Y89.08%
EBIT growth 5Y15.59%
EBIT Next Year8.71%
EBIT Next 3Y7.54%
EBIT Next 5Y5.56%
FCF growth 1Y362.77%
FCF growth 3Y35.92%
FCF growth 5Y19.86%
OCF growth 1Y432.71%
OCF growth 3Y36.69%
OCF growth 5Y18.62%