BF SPA (BFG.MI) Stock Fundamental Analysis

BIT:BFG • IT0005187460

4.44 EUR
-0.06 (-1.33%)
Last: Feb 20, 2026, 03:40 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

2

BFG gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 59 industry peers in the Food Products industry. Both the profitability and financial health of BFG have multiple concerns. BFG is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

1

1. Profitability

1.1 Basic Checks

  • In the past year BFG has reported negative net income.
  • BFG had a negative operating cash flow in the past year.
  • Of the past 5 years BFG 4 years were profitable.
  • In multiple years BFG reported negative operating cash flow during the last 5 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M

1.2 Ratios

  • BFG has a Return On Assets of -0.10%. This is in the lower half of the industry: BFG underperforms 71.19% of its industry peers.
  • With a Return On Equity value of -0.31%, BFG is not doing good in the industry: 71.19% of the companies in the same industry are doing better.
  • BFG has a worse Return On Invested Capital (0.12%) than 79.66% of its industry peers.
Industry RankSector Rank
ROA -0.1%
ROE -0.31%
ROIC 0.12%
ROA(3y)0.26%
ROA(5y)0.19%
ROE(3y)0.83%
ROE(5y)0.54%
ROIC(3y)N/A
ROIC(5y)N/A
BFG.MI Yearly ROA, ROE, ROICBFG.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 0.5 -0.5 1

1.3 Margins

  • BFG's Profit Margin has improved in the last couple of years.
  • BFG's Operating Margin of 0.15% is on the low side compared to the rest of the industry. BFG is outperformed by 79.66% of its industry peers.
  • With a Gross Margin value of 23.94%, BFG is not doing good in the industry: 77.97% 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 0.15%
PM (TTM) N/A
GM 23.94%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5Y93.88%
GM growth 3Y6.13%
GM growth 5Y-2.82%
BFG.MI Yearly Profit, Operating, Gross MarginsBFG.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60 80

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), BFG is destroying value.
  • The number of shares outstanding for BFG remains at a similar level compared to 1 year ago.
  • Compared to 5 years ago, BFG has more shares outstanding
  • The debt/assets ratio for BFG is higher compared to a year ago.
BFG.MI Yearly Shares OutstandingBFG.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

2.2 Solvency

  • Based on the Altman-Z score of 1.42, we must say that BFG is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of BFG (1.42) is worse than 64.41% of its industry peers.
  • BFG has a Debt/Equity ratio of 0.25. This is a healthy value indicating a solid balance between debt and equity.
  • BFG's Debt to Equity ratio of 0.25 is fine compared to the rest of the industry. BFG outperforms 74.58% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.25
Debt/FCF N/A
Altman-Z 1.42
ROIC/WACC0.02
WACC7.02%
BFG.MI Yearly LT Debt VS Equity VS FCFBFG.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M

2.3 Liquidity

  • A Current Ratio of 1.17 indicates that BFG should not have too much problems paying its short term obligations.
  • BFG has a Current ratio of 1.17. This is comparable to the rest of the industry: BFG outperforms 40.68% of its industry peers.
  • A Quick Ratio of 0.86 indicates that BFG may have some problems paying its short term obligations.
  • BFG has a Quick ratio (0.86) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 1.17
Quick Ratio 0.86
BFG.MI Yearly Current Assets VS Current LiabilitesBFG.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. Growth

3.1 Past

  • BFG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -122.30%.
  • BFG shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 230.78% yearly.
  • Looking at the last year, BFG shows a quite strong growth in Revenue. The Revenue has grown by 11.77% in the last year.
  • The Revenue has been growing by 81.93% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-122.3%
EPS 3YN/A
EPS 5Y230.78%
EPS Q2Q%-96.29%
Revenue 1Y (TTM)11.77%
Revenue growth 3Y70.81%
Revenue growth 5Y81.93%
Sales Q2Q%13.87%

3.2 Future

  • BFG is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 65.55% yearly.
  • BFG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.74% yearly.
EPS Next Y25%
EPS Next 2Y50%
EPS Next 3Y65.55%
EPS Next 5YN/A
Revenue Next Year8.56%
Revenue Next 2Y8.52%
Revenue Next 3Y4.74%
Revenue Next 5YN/A

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
  • 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 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 2017 2018 2019 2023 2024 2025 2026 2027 0 0.2 0.4 0.6

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Find the best growth stocksShow best growing peers

1

4. Valuation

4.1 Price/Earnings Ratio

  • BFG reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • Based on the Price/Forward Earnings ratio of 48.84, the valuation of BFG can be described as expensive.
  • Based on the Price/Forward Earnings ratio, BFG is valued a bit more expensive than 76.27% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of BFG to the average of the S&P500 Index (28.02), we can say BFG is valued expensively.
Industry RankSector Rank
PE N/A
Fwd PE 48.84
BFG.MI Price Earnings VS Forward Price EarningsBFG.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 -100 -200 -300 -400

4.2 Price Multiples

  • BFG's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. BFG is more expensive than 76.27% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 27.89
BFG.MI Per share dataBFG.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • A more expensive valuation may be justified as BFG's earnings are expected to grow with 65.55% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y50%
EPS Next 3Y65.55%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

2

5. Dividend

5.1 Amount

  • BFG has a Yearly Dividend Yield of 1.69%. Purely for dividend investing, there may be better candidates out there.
  • BFG's Dividend Yield is comparable with the industry average which is at 2.53.
  • Compared to an average S&P500 Dividend Yield of 1.81, BFG has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.69%

5.2 History

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

5.3 Sustainability

  • The earnings of BFG are negative and hence is the payout ratio. BFG will probably not be able to sustain this dividend level.
DP-94.98%
EPS Next 2Y50%
EPS Next 3Y65.55%
BFG.MI Yearly Income VS Free CF VS DividendBFG.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M 40M -40M 60M -60M

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Find the best dividend stocksShow peers with best dividend

BF SPA

BIT:BFG (2/20/2026, 3:40:21 PM)

4.44

-0.06 (-1.33%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)N/A
Earnings (Next)N/A
Inst Owners8.29%
Inst Owner ChangeN/A
Ins Owners47.46%
Ins Owner ChangeN/A
Market Cap1.16B
Revenue(TTM)1.51B
Net Income(TTM)-2.55M
Analysts45.71
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.69%
Yearly Dividend0.06
Dividend Growth(5Y)N/A
DP-94.98%
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)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 RankSector Rank
PE N/A
Fwd PE 48.84
P/S 0.77
P/FCF N/A
P/OCF N/A
P/B 1.41
P/tB 2.08
EV/EBITDA 27.89
EPS(TTM)-0.01
EYN/A
EPS(NY)0.09
Fwd EY2.05%
FCF(TTM)-0.52
FCFYN/A
OCF(TTM)-0.42
OCFYN/A
SpS5.77
BVpS3.14
TBVpS2.13
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -0.1%
ROE -0.31%
ROCE 0.16%
ROIC 0.12%
ROICexc 0.15%
ROICexgc 0.19%
OM 0.15%
PM (TTM) N/A
GM 23.94%
FCFM N/A
ROA(3y)0.26%
ROA(5y)0.19%
ROE(3y)0.83%
ROE(5y)0.54%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5Y93.88%
GM growth 3Y6.13%
GM growth 5Y-2.82%
F-Score3
Asset Turnover0.6
Health
Industry RankSector Rank
Debt/Equity 0.25
Debt/FCF N/A
Debt/EBITDA 4.03
Cap/Depr 51.84%
Cap/Sales 1.67%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.17
Quick Ratio 0.86
Altman-Z 1.42
F-Score3
WACC7.02%
ROIC/WACC0.02
Cap/Depr(3y)77.79%
Cap/Depr(5y)100.55%
Cap/Sales(3y)2.36%
Cap/Sales(5y)5.66%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-122.3%
EPS 3YN/A
EPS 5Y230.78%
EPS Q2Q%-96.29%
EPS Next Y25%
EPS Next 2Y50%
EPS Next 3Y65.55%
EPS Next 5YN/A
Revenue 1Y (TTM)11.77%
Revenue growth 3Y70.81%
Revenue growth 5Y81.93%
Sales Q2Q%13.87%
Revenue Next Year8.56%
Revenue Next 2Y8.52%
Revenue Next 3Y4.74%
Revenue Next 5YN/A
EBIT growth 1Y78.67%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year348.64%
EBIT Next 3Y89.11%
EBIT Next 5YN/A
FCF growth 1Y-558.57%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-302.75%
OCF growth 3YN/A
OCF growth 5YN/A

BF SPA / BFG.MI FAQ

Can you provide the ChartMill fundamental rating for BF SPA?

ChartMill assigns a fundamental rating of 2 / 10 to BFG.MI.


Can you provide the valuation status for BF SPA?

ChartMill assigns a valuation rating of 1 / 10 to BF SPA (BFG.MI). This can be considered as Overvalued.


How profitable is BF SPA (BFG.MI) stock?

BF SPA (BFG.MI) has a profitability rating of 1 / 10.


Can you provide the financial health for BFG stock?

The financial health rating of BF SPA (BFG.MI) is 2 / 10.