B&C SPEAKERS SPA (BEC.MI) Stock Fundamental Analysis
BIT:BEC - Euronext Milan - IT0001268561 - Common Stock - Currency: EUR
BEC gets a fundamental rating of 8 out of 10. The analysis compared the fundamentals against 30 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. These ratings would make BEC suitable for value and 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.
In the past 5 years BEC has always been profitable.
In the past 5 years BEC always reported a positive cash flow from operatings.
1.2 Ratios
BEC has a Return On Assets of 28.77%. This is amongst the best in 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.
The Return On Invested Capital of BEC (35.43%) is better than 96.67% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for BEC is significantly above the industry average of 15.43%.
The 3 year average ROIC (26.56%) for BEC is below the current ROIC(35.43%), indicating increased profibility in the last year.
| 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 has a Profit Margin of 16.78%. This is amongst the best in the industry. BEC outperforms 93.33% of its industry peers.
BEC's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 19.38%, BEC belongs to the top of the industry, outperforming 93.33% of the companies in the same industry.
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 (37.40%) is comparable to the rest of the 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 | 19.38% | ||
| 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.
The number of shares outstanding for BEC has been reduced compared to 1 year ago.
Compared to 5 years ago, BEC has less shares outstanding
The debt/assets ratio for BEC has been reduced compared to a year ago.
2.2 Solvency
BEC has an Altman-Z score of 7.35. This indicates that BEC is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 7.35, BEC belongs to the top of the industry, outperforming 96.67% of the companies in the same industry.
The Debt to FCF ratio of BEC is 1.63, which is an excellent value as it means it would take BEC, only 1.63 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 1.63, BEC is in the better half of the industry, outperforming 80.00% 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.
With a decent Debt to Equity ratio value of 0.22, BEC is doing good in the industry, outperforming 76.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | 1.63 | ||
| Altman-Z | 7.35 |
ROIC/WACC4.42
WACC8.02%
2.3 Liquidity
A Current Ratio of 3.25 indicates that BEC has no problem at all paying its short term obligations.
BEC's Current ratio of 3.25 is amongst the best of the industry. BEC outperforms 86.67% of its industry peers.
BEC has a Quick Ratio of 1.88. This is a normal value and indicates that BEC is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of BEC (1.88) is better than 96.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.25 | ||
| Quick Ratio | 1.88 |
3. Growth
3.1 Past
BEC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 16.12%, which is quite good.
BEC shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 15.74% yearly.
BEC shows a small growth in Revenue. In the last year, the Revenue has grown by 6.15%.
The Revenue has been growing by 12.26% on average over the past years. This is quite good.
EPS 1Y (TTM)16.12%
EPS 3Y52.14%
EPS 5Y15.74%
EPS Q2Q%3.55%
Revenue 1Y (TTM)6.15%
Revenue growth 3Y30.43%
Revenue growth 5Y12.26%
Sales Q2Q%8.02%
3.2 Future
BEC is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.89% yearly.
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.
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
The Price/Earnings ratio is 6.54, which indicates a rather cheap valuation of BEC.
Based on the Price/Earnings ratio, BEC is valued a bit cheaper than the industry average as 76.67% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of BEC to the average of the S&P500 Index (28.79), we can say BEC is valued rather cheaply.
A Price/Forward Earnings ratio of 9.95 indicates a reasonable valuation of BEC.
BEC's Price/Forward Earnings ratio is in line with the industry average.
When comparing the Price/Forward Earnings ratio of BEC to the average of the S&P500 Index (21.38), we can say BEC is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.54 | ||
| Fwd PE | 9.95 |
4.2 Price Multiples
BEC's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. BEC is cheaper than 63.33% of the companies in the same industry.
BEC's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.32 | ||
| EV/EBITDA | 5.36 |
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)0.75
PEG (5Y)0.42
EPS Next 2Y7.73%
EPS Next 3Y4.89%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.62%, BEC is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.32, BEC pays a better dividend. On top of this BEC pays more dividend than 86.67% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.47, BEC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.62% |
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 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 (4/25/2025, 3:59:51 PM)
14.975
+0.05 (+0.34%)
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 Cap164.72M
Analysts80
Price Target19.71 (31.62%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.62% |
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)0.68%
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 | 6.54 | ||
| Fwd PE | 9.95 | ||
| P/S | 1.1 | ||
| P/FCF | 15.32 | ||
| P/OCF | 12.7 | ||
| P/B | 2.98 | ||
| P/tB | 3.15 | ||
| EV/EBITDA | 5.36 |
EPS(TTM)2.29
EY15.29%
EPS(NY)1.5
Fwd EY10.05%
FCF(TTM)0.98
FCFY6.53%
OCF(TTM)1.18
OCFY7.87%
SpS13.6
BVpS5.02
TBVpS4.75
PEG (NY)0.75
PEG (5Y)0.42
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 | 7.35 |
F-Score8
WACC8.02%
ROIC/WACC4.42
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)16.12%
EPS 3Y52.14%
EPS 5Y15.74%
EPS Q2Q%3.55%
EPS Next Y8.76%
EPS Next 2Y7.73%
EPS Next 3Y4.89%
EPS Next 5YN/A
Revenue 1Y (TTM)6.15%
Revenue growth 3Y30.43%
Revenue growth 5Y12.26%
Sales Q2Q%8.02%
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%