BLUEGREEN VACATIONS HOLDING (BVH) Stock Fundamental Analysis
NYSE:BVH - New York Stock Exchange, Inc. - US0963081015 - Common Stock - Currency: USD
We assign a fundamental rating of 4 out of 10 to BVH. BVH was compared to 136 industry peers in the Hotels, Restaurants & Leisure industry. There are concerns on the financial health of BVH while its profitability can be described as average. BVH has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
BVH had positive earnings in the past year.
BVH had a negative operating cash flow in the past year.
BVH had positive earnings in 4 of the past 5 years.
BVH had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
BVH has a Return On Assets of 4.01%. This is in the better half of the industry: BVH outperforms 63.97% of its industry peers.
BVH's Return On Equity of 28.03% is amongst the best of the industry. BVH outperforms 82.35% of its industry peers.
Looking at the Return On Invested Capital, with a value of 2.92%, BVH is doing worse than 61.76% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.01% | ||
| ROE | 28.03% | ||
| ROIC | 2.92% |
ROA(3y)1%
ROA(5y)1.21%
ROE(3y)6.26%
ROE(5y)5.68%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 7.14%, BVH is in the better half of the industry, outperforming 67.65% of the companies in the same industry.
In the last couple of years the Profit Margin of BVH has declined.
BVH has a Operating Margin of 6.22%. This is comparable to the rest of the industry: BVH outperforms 45.59% of its industry peers.
BVH's Operating Margin has improved in the last couple of years.
With an excellent Gross Margin value of 74.21%, BVH belongs to the best of the industry, outperforming 86.76% of the companies in the same industry.
BVH's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.22% | ||
| PM (TTM) | 7.14% | ||
| GM | 74.21% |
OM growth 3YN/A
OM growth 5Y37.7%
PM growth 3Y42.53%
PM growth 5Y-6%
GM growth 3Y0.98%
GM growth 5Y2%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so BVH is destroying value.
The number of shares outstanding for BVH has been reduced compared to 1 year ago.
BVH has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 1.87 indicates that BVH is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 1.87, BVH is in line with its industry, outperforming 56.62% of the companies in the same industry.
A Debt/Equity ratio of 4.16 is on the high side and indicates that BVH has dependencies on debt financing.
BVH has a worse Debt to Equity ratio (4.16) than 61.03% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.16 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.87 |
ROIC/WACC0.36
WACC8.05%
2.3 Liquidity
A Current Ratio of 3.48 indicates that BVH has no problem at all paying its short term obligations.
The Current ratio of BVH (3.48) is better than 95.59% of its industry peers.
A Quick Ratio of 0.88 indicates that BVH may have some problems paying its short term obligations.
BVH has a Quick ratio (0.88) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.48 | ||
| Quick Ratio | 0.88 |
3. Growth
3.1 Past
BVH shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 8.80%, which is quite good.
Measured over the past years, BVH shows a decrease in Earnings Per Share. The EPS has been decreasing by -4.32% on average per year.
BVH shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.29%.
Measured over the past years, BVH shows a small growth in Revenue. The Revenue has been growing by 0.90% on average per year.
EPS 1Y (TTM)8.8%
EPS 3Y6.82%
EPS 5Y-4.32%
EPS Q2Q%5.04%
Revenue 1Y (TTM)9.29%
Revenue growth 3Y7.91%
Revenue growth 5Y0.9%
Sales Q2Q%4.44%
3.2 Future
BVH is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 26.72% yearly.
BVH is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.08% yearly.
EPS Next Y31.02%
EPS Next 2Y26.72%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year10.92%
Revenue Next 2Y6.08%
Revenue Next 3YN/A
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 accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 20.22, the valuation of BVH can be described as rather expensive.
Based on the Price/Earnings ratio, BVH is valued a bit cheaper than 68.38% of the companies in the same industry.
BVH is valuated rather cheaply when we compare the Price/Earnings ratio to 28.29, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 14.46, which indicates a correct valuation of BVH.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BVH indicates a somewhat cheap valuation: BVH is cheaper than 77.94% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of BVH to the average of the S&P500 Index (21.08), we can say BVH is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.22 | ||
| Fwd PE | 14.46 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BVH is valued a bit more expensive than 73.53% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 31.4 |
4.3 Compensation for Growth
BVH's 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 BVH's earnings are expected to grow with 26.72% in the coming years.
PEG (NY)0.65
PEG (5Y)N/A
EPS Next 2Y26.72%
EPS Next 3YN/A
5. Dividend
5.1 Amount
BVH has a Yearly Dividend Yield of 1.07%. Purely for dividend investing, there may be better candidates out there.
BVH's Dividend Yield is a higher than the industry average which is at 3.92.
Compared to an average S&P500 Dividend Yield of 2.52, BVH's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.07% |
5.2 History
The dividend of BVH is nicely growing with an annual growth rate of 27.35%!
BVH has been paying a dividend for over 5 years, so it has already some track record.
BVH has decreased its dividend recently.
Dividend Growth(5Y)27.35%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
21.23% of the earnings are spent on dividend by BVH. This is a low number and sustainable payout ratio.
BVH's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP21.23%
EPS Next 2Y26.72%
EPS Next 3YN/A
75
+0.01 (+0.01%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners0.25%
Inst Owner Change0%
Ins Owners0.08%
Ins Owner Change0%
Market Cap1.55B
Analysts76.67
Price Target76.5 (2%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.07% |
Yearly Dividend0.49
Dividend Growth(5Y)27.35%
DP21.23%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)12.43%
Min EPS beat(2)1.44%
Max EPS beat(2)23.42%
EPS beat(4)3
Avg EPS beat(4)8.93%
Min EPS beat(4)-27.51%
Max EPS beat(4)38.38%
EPS beat(8)5
Avg EPS beat(8)9.69%
EPS beat(12)9
Avg EPS beat(12)233.45%
EPS beat(16)10
Avg EPS beat(16)103.22%
Revenue beat(2)0
Avg Revenue beat(2)-8.13%
Min Revenue beat(2)-9.54%
Max Revenue beat(2)-6.72%
Revenue beat(4)0
Avg Revenue beat(4)-5.24%
Min Revenue beat(4)-9.54%
Max Revenue beat(4)-0.4%
Revenue beat(8)1
Avg Revenue beat(8)-5.43%
Revenue beat(12)2
Avg Revenue beat(12)-6.53%
Revenue beat(16)2
Avg Revenue beat(16)-14.49%
PT rev (1m)0%
PT rev (3m)25%
EPS NQ rev (1m)11.36%
EPS NQ rev (3m)17.37%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.12%
Revenue NQ rev (1m)3.7%
Revenue NQ rev (3m)4.65%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.33%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.22 | ||
| Fwd PE | 14.46 | ||
| P/S | 1.79 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 7.05 | ||
| P/tB | 9.77 | ||
| EV/EBITDA | 31.4 |
EPS(TTM)3.71
EY4.95%
EPS(NY)5.19
Fwd EY6.92%
FCF(TTM)-7.79
FCFYN/A
OCF(TTM)-6.86
OCFYN/A
SpS41.79
BVpS10.64
TBVpS7.68
PEG (NY)0.65
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.01% | ||
| ROE | 28.03% | ||
| ROCE | 3.94% | ||
| ROIC | 2.92% | ||
| ROICexc | 3.24% | ||
| ROICexgc | 3.52% | ||
| OM | 6.22% | ||
| PM (TTM) | 7.14% | ||
| GM | 74.21% | ||
| FCFM | N/A |
ROA(3y)1%
ROA(5y)1.21%
ROE(3y)6.26%
ROE(5y)5.68%
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 5Y39.3%
ROICexc growth 3YN/A
ROICexc growth 5Y42.62%
OM growth 3YN/A
OM growth 5Y37.7%
PM growth 3Y42.53%
PM growth 5Y-6%
GM growth 3Y0.98%
GM growth 5Y2%
F-Score3
Asset Turnover0.56
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.16 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 12.33 | ||
| Cap/Depr | 93.17% | ||
| Cap/Sales | 2.21% | ||
| Interest Coverage | 0.92 | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 3.48 | ||
| Quick Ratio | 0.88 | ||
| Altman-Z | 1.87 |
F-Score3
WACC8.05%
ROIC/WACC0.36
Cap/Depr(3y)62.61%
Cap/Depr(5y)100.12%
Cap/Sales(3y)2.18%
Cap/Sales(5y)3.51%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)8.8%
EPS 3Y6.82%
EPS 5Y-4.32%
EPS Q2Q%5.04%
EPS Next Y31.02%
EPS Next 2Y26.72%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)9.29%
Revenue growth 3Y7.91%
Revenue growth 5Y0.9%
Sales Q2Q%4.44%
Revenue Next Year10.92%
Revenue Next 2Y6.08%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-7.88%
EBIT growth 3YN/A
EBIT growth 5Y38.94%
EBIT Next Year-0.52%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-263.22%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-226.79%
OCF growth 3YN/A
OCF growth 5YN/A