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BF SPA (BFG.MI) Stock Fundamental Analysis

BIT:BFG - Euronext Milan - IT0005187460 - Common Stock - Currency: EUR

4.49  -0.01 (-0.22%)

Fundamental Rating

2

Taking everything into account, BFG scores 2 out of 10 in our fundamental rating. BFG was compared to 58 industry peers in the Food Products industry. BFG has a bad profitability rating. Also its financial health evaluation is rather negative. BFG is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

In the past year BFG was profitable.
BFG had a negative operating cash flow in the past year.
Of the past 5 years BFG 4 years were profitable.
The reported operating cash flow has been mixed in the past 5 years: BFG reported negative operating cash flow in multiple years.
BFG.MI Yearly Net Income VS EBIT VS OCF VS FCFBFG.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50M -50M

1.2 Ratios

The Return On Assets of BFG (0.50%) is worse than 72.41% of its industry peers.
BFG has a worse Return On Equity (1.49%) than 72.41% of its industry peers.
BFG has a Return On Invested Capital of 0.07%. This is in the lower half of the industry: BFG underperforms 79.31% of its industry peers.
The Average Return On Invested Capital over the past 3 years for BFG is significantly below the industry average of 7.10%.
Industry RankSector Rank
ROA 0.5%
ROE 1.49%
ROIC 0.07%
ROA(3y)0.1%
ROA(5y)0.1%
ROE(3y)0.35%
ROE(5y)0.27%
ROIC(3y)0.26%
ROIC(5y)N/A
BFG.MI Yearly ROA, ROE, ROICBFG.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 1 2

1.3 Margins

BFG has a Profit Margin of 0.84%. This is in the lower half of the industry: BFG underperforms 70.69% of its industry peers.
In the last couple of years the Profit Margin of BFG has declined.
BFG has a Operating Margin of 0.10%. This is in the lower half of the industry: BFG underperforms 79.31% of its industry peers.
BFG's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 18.87%, BFG is not doing good in the industry: 77.59% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of BFG has declined.
Industry RankSector Rank
OM 0.1%
PM (TTM) 0.84%
GM 18.87%
OM growth 3Y-43.13%
OM growth 5YN/A
PM growth 3Y-61.91%
PM growth 5YN/A
GM growth 3Y-21.31%
GM growth 5Y-15.17%
BFG.MI Yearly Profit, Operating, Gross MarginsBFG.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 40 60 80

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3

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), BFG is destroying value.
BFG has more shares outstanding than it did 1 year ago.
BFG has more shares outstanding than it did 5 years ago.
The debt/assets ratio for BFG has been reduced compared to a year ago.
BFG.MI Yearly Shares OutstandingBFG.MI Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M 250M
BFG.MI Yearly Total Debt VS Total AssetsBFG.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B 2B

2.2 Solvency

Based on the Altman-Z score of 1.51, we must say that BFG is in the distress zone and has some risk of bankruptcy.
BFG's Altman-Z score of 1.51 is on the low side compared to the rest of the industry. BFG is outperformed by 68.97% of its industry peers.
BFG has a Debt/Equity ratio of 0.29. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.29, BFG belongs to the top of the industry, outperforming 82.76% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.29
Debt/FCF N/A
Altman-Z 1.51
ROIC/WACC0.01
WACC7.28%
BFG.MI Yearly LT Debt VS Equity VS FCFBFG.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 200M 400M 600M

2.3 Liquidity

A Current Ratio of 1.30 indicates that BFG should not have too much problems paying its short term obligations.
With a Current ratio value of 1.30, BFG perfoms like the industry average, outperforming 48.28% of the companies in the same industry.
BFG has a Quick Ratio of 1.30. This is a bad value and indicates that BFG is not financially healthy enough and could expect problems in meeting its short term obligations.
BFG has a Quick ratio (0.94) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 1.3
Quick Ratio 0.94
BFG.MI Yearly Current Assets VS Current LiabilitesBFG.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M 1B

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5

3. Growth

3.1 Past

BFG shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 2.35%.
Measured over the past years, BFG shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -15.28% on average per year.
The Revenue has been growing slightly by 2.60% in the past year.
The Revenue has been growing by 82.81% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)2.35%
EPS 3Y-15.28%
EPS 5YN/A
EPS Q2Q%201.18%
Revenue 1Y (TTM)2.6%
Revenue growth 3Y154.55%
Revenue growth 5Y82.81%
Sales Q2Q%3.83%

3.2 Future

Based on estimates for the next years, BFG will show a very strong growth in Earnings Per Share. The EPS will grow by 55.80% on average per year.
BFG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.98% yearly.
EPS Next Y29.87%
EPS Next 2Y27.41%
EPS Next 3Y42.97%
EPS Next 5Y55.81%
Revenue Next Year18.3%
Revenue Next 2Y13.33%
Revenue Next 3Y11.68%
Revenue Next 5Y7.98%

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 accelerating.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
BFG.MI Yearly Revenue VS EstimatesBFG.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 500M 1B 1.5B
BFG.MI Yearly EPS VS EstimatesBFG.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 0.2 0.4 0.6

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1

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 112.25, the valuation of BFG can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of BFG indicates a slightly more expensive valuation: BFG is more expensive than 70.69% of the companies listed in the same industry.
BFG is valuated expensively when we compare the Price/Earnings ratio to 29.35, which is the current average of the S&P500 Index.
BFG is valuated quite expensively with a Price/Forward Earnings ratio of 88.91.
75.86% of the companies in the same industry are cheaper than BFG, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.10, BFG is valued quite expensively.
Industry RankSector Rank
PE 112.25
Fwd PE 88.91
BFG.MI Price Earnings VS Forward Price EarningsBFG.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80 100

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, BFG is valued more expensive than 81.03% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 29.84
BFG.MI Per share dataBFG.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 2 3 4 5

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates BFG does not grow enough to justify the current Price/Earnings ratio.
A more expensive valuation may be justified as BFG's earnings are expected to grow with 42.97% in the coming years.
PEG (NY)3.76
PEG (5Y)N/A
EPS Next 2Y27.41%
EPS Next 3Y42.97%

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0

5. Dividend

5.1 Amount

With a yearly dividend of 0.98%, BFG is not a good candidate for dividend investing.
BFG's Dividend Yield is slightly below the industry average, which is at 3.37.
With a Dividend Yield of 0.98, BFG pays less dividend than the S&P500 average, which is at 2.33.
Industry RankSector Rank
Dividend Yield 0.98%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

BFG pays out 138.88% of its income as dividend. This is not a sustainable payout ratio.
DP138.88%
EPS Next 2Y27.41%
EPS Next 3Y42.97%
BFG.MI Yearly Income VS Free CF VS DividendBFG.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20M -20M 40M -40M 60M
BFG.MI Dividend Payout.BFG.MI Dividend Payout, showing the Payout Ratio.BFG.MI Dividend Payout.PayoutRetained Earnings

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BF SPA

BIT:BFG (3/7/2025, 7:00:00 PM)

4.49

-0.01 (-0.22%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)N/A N/A
Earnings (Next)N/A N/A
Inst Owners8.29%
Inst Owner ChangeN/A
Ins Owners47.46%
Ins Owner ChangeN/A
Market Cap1.18B
Analysts45.71
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.98%
Yearly Dividend0.04
Dividend Growth(5Y)N/A
DP138.88%
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)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-42.86%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 112.25
Fwd PE 88.91
P/S 0.87
P/FCF N/A
P/OCF N/A
P/B 1.53
P/tB 2.25
EV/EBITDA 29.84
EPS(TTM)0.04
EY0.89%
EPS(NY)0.05
Fwd EY1.12%
FCF(TTM)-0.25
FCFYN/A
OCF(TTM)-0.05
OCFYN/A
SpS5.17
BVpS2.93
TBVpS1.99
PEG (NY)3.76
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0.5%
ROE 1.49%
ROCE 0.09%
ROIC 0.07%
ROICexc 0.09%
ROICexgc 0.12%
OM 0.1%
PM (TTM) 0.84%
GM 18.87%
FCFM N/A
ROA(3y)0.1%
ROA(5y)0.1%
ROE(3y)0.35%
ROE(5y)0.27%
ROIC(3y)0.26%
ROIC(5y)N/A
ROICexc(3y)0.34%
ROICexc(5y)N/A
ROICexgc(3y)0.44%
ROICexgc(5y)N/A
ROCE(3y)0.34%
ROCE(5y)N/A
ROICexcg growth 3Y22.96%
ROICexcg growth 5YN/A
ROICexc growth 3Y16.61%
ROICexc growth 5YN/A
OM growth 3Y-43.13%
OM growth 5YN/A
PM growth 3Y-61.91%
PM growth 5YN/A
GM growth 3Y-21.31%
GM growth 5Y-15.17%
F-Score4
Asset Turnover0.59
Health
Industry RankSector Rank
Debt/Equity 0.29
Debt/FCF N/A
Debt/EBITDA 5.15
Cap/Depr 125.19%
Cap/Sales 3.91%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.3
Quick Ratio 0.94
Altman-Z 1.51
F-Score4
WACC7.28%
ROIC/WACC0.01
Cap/Depr(3y)89.07%
Cap/Depr(5y)124.79%
Cap/Sales(3y)3.28%
Cap/Sales(5y)9.32%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)2.35%
EPS 3Y-15.28%
EPS 5YN/A
EPS Q2Q%201.18%
EPS Next Y29.87%
EPS Next 2Y27.41%
EPS Next 3Y42.97%
EPS Next 5Y55.81%
Revenue 1Y (TTM)2.6%
Revenue growth 3Y154.55%
Revenue growth 5Y82.81%
Sales Q2Q%3.83%
Revenue Next Year18.3%
Revenue Next 2Y13.33%
Revenue Next 3Y11.68%
Revenue Next 5Y7.98%
EBIT growth 1Y-92.53%
EBIT growth 3Y44.76%
EBIT growth 5YN/A
EBIT Next Year166.53%
EBIT Next 3Y63.95%
EBIT Next 5Y51.64%
FCF growth 1Y-842.37%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-146.68%
OCF growth 3YN/A
OCF growth 5YN/A