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BELIEVE SA (BLV.PA) Stock Fundamental Analysis

EPA:BLV - Euronext Paris - Matif - FR0014003FE9 - Common Stock - Currency: EUR

14.8  -0.2 (-1.33%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to BLV. BLV was compared to 46 industry peers in the Entertainment industry. Both the profitability and financial health of BLV have multiple concerns. BLV is valied quite expensively at the moment, while 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 BLV has reported negative net income.
In the past year BLV had a positive cash flow from operations.
BLV had negative earnings in 4 of the past 5 years.
In multiple years BLV reported negative operating cash flow during the last 5 years.
BLV.PA Yearly Net Income VS EBIT VS OCF VS FCFBLV.PA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 0 20M -20M 40M 60M

1.2 Ratios

BLV has a Return On Assets (-1.20%) which is comparable to the rest of the industry.
The Return On Equity of BLV (-3.51%) is comparable to the rest of the industry.
Industry RankSector Rank
ROA -1.2%
ROE -3.51%
ROIC N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
BLV.PA Yearly ROA, ROE, ROICBLV.PA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 0 5 -5 -10 -15

1.3 Margins

BLV's Gross Margin of 32.47% is on the low side compared to the rest of the industry. BLV is outperformed by 71.74% of its industry peers.
BLV's Gross Margin has declined in the last couple of years.
BLV does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 32.47%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-3.4%
GM growth 5Y-1.64%
BLV.PA Yearly Profit, Operating, Gross MarginsBLV.PA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 0 10 20 30

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3

2. Health

2.1 Basic Checks

BLV does not have a ROIC to compare to the WACC, probably because it is not profitable.
There is no outstanding debt for BLV. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
BLV.PA Yearly Shares OutstandingBLV.PA Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 20M 40M 60M 80M
BLV.PA Yearly Total Debt VS Total AssetsBLV.PA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 200M 400M 600M 800M

2.2 Solvency

Based on the Altman-Z score of 1.75, we must say that BLV is in the distress zone and has some risk of bankruptcy.
BLV has a better Altman-Z score (1.75) than 71.74% of its industry peers.
BLV has a Debt/Equity ratio of 0.06. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of BLV (0.06) is better than 89.13% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.06
Debt/FCF N/A
Altman-Z 1.75
ROIC/WACCN/A
WACC7.96%
BLV.PA Yearly LT Debt VS Equity VS FCFBLV.PA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 0 100M 200M 300M 400M

2.3 Liquidity

BLV has a Current Ratio of 0.84. This is a bad value and indicates that BLV is not financially healthy enough and could expect problems in meeting its short term obligations.
BLV has a Current ratio (0.84) which is comparable to the rest of the industry.
A Quick Ratio of 0.83 indicates that BLV may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.83, BLV is in line with its industry, outperforming 47.83% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.84
Quick Ratio 0.83
BLV.PA Yearly Current Assets VS Current LiabilitesBLV.PA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 100M 200M 300M 400M 500M

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6

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 39.09% over the past year.
The Revenue has grown by 13.96% in the past year. This is quite good.
Measured over the past years, BLV shows a very strong growth in Revenue. The Revenue has been growing by 29.90% on average per year.
EPS 1Y (TTM)39.09%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-2100%
Revenue 1Y (TTM)13.96%
Revenue growth 3Y25.87%
Revenue growth 5Y29.9%
Sales Q2Q%118.68%

3.2 Future

Based on estimates for the next years, BLV will show a very strong growth in Earnings Per Share. The EPS will grow by 59.99% on average per year.
The Revenue is expected to grow by 15.08% on average over the next years. This is quite good.
EPS Next Y119.31%
EPS Next 2Y97.05%
EPS Next 3Y87.45%
EPS Next 5Y59.99%
Revenue Next Year12.89%
Revenue Next 2Y14.39%
Revenue Next 3Y14.2%
Revenue Next 5Y15.08%

3.3 Evolution

The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
BLV.PA Yearly Revenue VS EstimatesBLV.PA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B 1.5B
BLV.PA Yearly EPS VS EstimatesBLV.PA Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 0.2 0.4 0.6 0.8

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2

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for BLV. In the last year negative earnings were reported.
Based on the Price/Forward Earnings ratio of 75.15, the valuation of BLV can be described as expensive.
BLV's Price/Forward Earnings is on the same level as the industry average.
BLV is valuated expensively when we compare the Price/Forward Earnings ratio to 22.10, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE N/A
Fwd PE 75.15
BLV.PA Price Earnings VS Forward Price EarningsBLV.PA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 50 -50 -100

4.2 Price Multiples

BLV's Enterprise Value to EBITDA ratio is in line with the industry average.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 40.1
BLV.PA Per share dataBLV.PA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8

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.
A more expensive valuation may be justified as BLV's earnings are expected to grow with 87.45% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y97.05%
EPS Next 3Y87.45%

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0

5. Dividend

5.1 Amount

No dividends for BLV!.
Industry RankSector Rank
Dividend Yield N/A

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BELIEVE SA

EPA:BLV (3/7/2025, 7:00:00 PM)

14.8

-0.2 (-1.33%)

Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryEntertainment
Earnings (Last)10-23 2024-10-23
Earnings (Next)03-13 2025-03-13/amc
Inst Owners1.68%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap1.49B
Analysts72.5
Price Target16.27 (9.93%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
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)1.21%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-81.82%
EPS NY rev (3m)-76.69%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-1.87%
Revenue NY rev (3m)-1.87%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 75.15
P/S 1.59
P/FCF N/A
P/OCF 55.58
P/B 3.91
P/tB 14.41
EV/EBITDA 40.1
EPS(TTM)-0.13
EYN/A
EPS(NY)0.2
Fwd EY1.33%
FCF(TTM)-0.19
FCFYN/A
OCF(TTM)0.27
OCFY1.8%
SpS9.33
BVpS3.78
TBVpS1.03
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -1.2%
ROE -3.51%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 32.47%
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
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
ROICexcg growth 3YN/A
ROICexcg 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 5YN/A
GM growth 3Y-3.4%
GM growth 5Y-1.64%
F-Score5
Asset Turnover0.84
Health
Industry RankSector Rank
Debt/Equity 0.06
Debt/FCF N/A
Debt/EBITDA 0.67
Cap/Depr 71.01%
Cap/Sales 4.91%
Interest Coverage N/A
Cash Conversion 80.85%
Profit Quality N/A
Current Ratio 0.84
Quick Ratio 0.83
Altman-Z 1.75
F-Score5
WACC7.96%
ROIC/WACCN/A
Cap/Depr(3y)73.39%
Cap/Depr(5y)102.42%
Cap/Sales(3y)4.6%
Cap/Sales(5y)5.56%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)39.09%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-2100%
EPS Next Y119.31%
EPS Next 2Y97.05%
EPS Next 3Y87.45%
EPS Next 5Y59.99%
Revenue 1Y (TTM)13.96%
Revenue growth 3Y25.87%
Revenue growth 5Y29.9%
Sales Q2Q%118.68%
Revenue Next Year12.89%
Revenue Next 2Y14.39%
Revenue Next 3Y14.2%
Revenue Next 5Y15.08%
EBIT growth 1Y-568.52%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year4709.51%
EBIT Next 3Y334.67%
EBIT Next 5Y168.98%
FCF growth 1Y-279.91%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-25.65%
OCF growth 3YN/A
OCF growth 5Y-15.28%