B&C SPEAKERS SPA (BEC.MI) Stock Fundamental Analysis
Europe • Euronext Milan • BIT:BEC • IT0001268561
13.95 EUR
-0.1 (-0.71%)
Last: Jan 30, 2026, 07:00 PM
We assign a fundamental rating of 8 out of 10 to BEC. BEC was compared to 33 industry peers in the Household Durables industry. BEC scores excellent points on both the profitability and health parts. This is a solid base for a good stock. BEC scores decently on growth, while it is valued quite cheap. This could make an interesting combination. BEC also has an excellent dividend rating. These ratings could make BEC a good candidate for value and dividend investing.
1. Profitability
1.1 Basic Checks
- BEC had positive earnings in the past year.
- 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 better Return On Assets (21.88%) than 100.00% of its industry peers.
- BEC's Return On Equity of 38.43% is amongst the best of the industry. BEC outperforms 100.00% of its industry peers.
- BEC has a better Return On Invested Capital (34.84%) than 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 9.57%.
- The 3 year average ROIC (26.56%) for BEC is below the current ROIC(34.84%), indicating increased profibility in the last year.
| 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
- With an excellent Profit Margin value of 12.95%, BEC belongs to the best of the industry, outperforming 96.97% of the companies in the same industry.
- In the last couple of years the Profit Margin of BEC has grown nicely.
- Looking at the Operating Margin, with a value of 19.52%, BEC belongs to the top of the industry, outperforming 96.97% of the companies in the same industry.
- BEC's Operating Margin has been stable in the last couple of years.
- With a Gross Margin value of 38.18%, BEC perfoms like the industry average, outperforming 51.52% 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 | 19.52% | ||
| 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
- 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.
- The number of shares outstanding for BEC has been reduced compared to 5 years ago.
- The debt/assets ratio for BEC has been reduced compared to a year ago.
2.2 Solvency
- An Altman-Z score of 6.57 indicates that BEC is not in any danger for bankruptcy at the moment.
- The Altman-Z score of BEC (6.57) is better than 96.97% of its industry peers.
- The Debt to FCF ratio of BEC is 2.48, which is a good value as it means it would take BEC, 2.48 years of fcf income to pay off all of its debts.
- Looking at the Debt to FCF ratio, with a value of 2.48, BEC belongs to the top of the industry, outperforming 81.82% of the companies in the same industry.
- A Debt/Equity ratio of 0.36 indicates that BEC is not too dependend on debt financing.
- BEC's Debt to Equity ratio of 0.36 is fine compared to the rest of the industry. BEC outperforms 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.36 | ||
| Debt/FCF | 2.48 | ||
| Altman-Z | 6.57 |
ROIC/WACC4.53
WACC7.69%
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 87.88% of its industry peers.
- A Quick Ratio of 2.08 indicates that BEC has no problem at all paying its short term obligations.
- The Quick ratio of BEC (2.08) is better than 96.97% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.42 | ||
| Quick Ratio | 2.08 |
3. Growth
3.1 Past
- The earnings per share for BEC have decreased strongly by -19.88% in the last 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.
- Looking at the last year, BEC shows a small growth in Revenue. The Revenue has grown by 5.38% in the last 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)-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.
- 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.
- 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 7.84, the valuation of BEC can be described as very cheap.
- Based on the Price/Earnings ratio, BEC is valued cheaply inside the industry as 90.91% of the companies are valued more expensively.
- The average S&P500 Price/Earnings ratio is at 28.32. BEC is valued rather cheaply when compared to this.
- With a Price/Forward Earnings ratio of 8.69, the valuation of BEC can be described as very reasonable.
- Based on the Price/Forward Earnings ratio, BEC is valued a bit cheaper than 72.73% of the companies in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 25.57. BEC is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.84 | ||
| Fwd PE | 8.69 |
4.2 Price Multiples
- BEC's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. BEC is cheaper than 81.82% of the companies in the same industry.
- 66.67% of the companies in the same industry are more expensive than BEC, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.9 | ||
| EV/EBITDA | 5.05 |
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.
- BEC has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)0.89
PEG (5Y)0.5
EPS Next 2Y7.73%
EPS Next 3Y4.89%
5. Dividend
5.1 Amount
- BEC has a Yearly Dividend Yield of 7.12%, which is a nice return.
- Compared to an average industry Dividend Yield of 2.63, BEC pays a better dividend. On top of this BEC pays more dividend than 87.88% of the companies listed in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.83, BEC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.12% |
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 55.55% of its income as dividend. This is a bit on the high side, but may be sustainable.
- The dividend of BEC is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP55.55%
EPS Next 2Y7.73%
EPS Next 3Y4.89%
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 8 / 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%.