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BARCO N.V. (BAR.BR) Stock Fundamental Analysis

EBR:BAR - Euronext Brussels - BE0974362940 - Common Stock - Currency: EUR

12.37  -0.05 (-0.4%)

Fundamental Rating

6

Overall BAR gets a fundamental rating of 6 out of 10. We evaluated BAR against 49 industry peers in the Electronic Equipment, Instruments & Components industry. BAR is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. BAR is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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6

1. Profitability

1.1 Basic Checks

In the past year BAR was profitable.
BAR had a positive operating cash flow in the past year.
BAR had positive earnings in 4 of the past 5 years.
BAR had a positive operating cash flow in 4 of the past 5 years.
BAR.BR Yearly Net Income VS EBIT VS OCF VS FCFBAR.BR 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 2024 0 50M 100M

1.2 Ratios

The Return On Assets of BAR (5.12%) is better than 83.67% of its industry peers.
The Return On Equity of BAR (7.92%) is better than 77.55% of its industry peers.
The Return On Invested Capital of BAR (5.47%) is better than 73.47% of its industry peers.
The Average Return On Invested Capital over the past 3 years for BAR is in line with the industry average of 7.00%.
Industry RankSector Rank
ROA 5.12%
ROE 7.92%
ROIC 5.47%
ROA(3y)6.2%
ROA(5y)3.79%
ROE(3y)9.3%
ROE(5y)5.7%
ROIC(3y)7.25%
ROIC(5y)4.83%
BAR.BR Yearly ROA, ROE, ROICBAR.BR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 10

1.3 Margins

BAR has a Profit Margin of 6.65%. This is amongst the best in the industry. BAR outperforms 85.71% of its industry peers.
In the last couple of years the Profit Margin of BAR has declined.
With a decent Operating Margin value of 6.81%, BAR is doing good in the industry, outperforming 71.43% of the companies in the same industry.
BAR's Operating Margin has declined in the last couple of years.
BAR has a Gross Margin (40.72%) which is in line with its industry peers.
BAR's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 6.81%
PM (TTM) 6.65%
GM 40.72%
OM growth 3Y51.51%
OM growth 5Y-8.88%
PM growth 3Y81.95%
PM growth 5Y-5.47%
GM growth 3Y4.44%
GM growth 5Y0.53%
BAR.BR Yearly Profit, Operating, Gross MarginsBAR.BR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20 30 40

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8

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), BAR is destroying value.
The number of shares outstanding for BAR has been reduced compared to 1 year ago.
BAR has more shares outstanding than it did 5 years ago.
The debt/assets ratio for BAR is higher compared to a year ago.
BAR.BR Yearly Shares OutstandingBAR.BR Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M
BAR.BR Yearly Total Debt VS Total AssetsBAR.BR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.2 Solvency

An Altman-Z score of 3.76 indicates that BAR is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.76, BAR belongs to the top of the industry, outperforming 81.63% of the companies in the same industry.
BAR has a debt to FCF ratio of 1.03. This is a very positive value and a sign of high solvency as it would only need 1.03 years to pay back of all of its debts.
The Debt to FCF ratio of BAR (1.03) is better than 91.84% of its industry peers.
A Debt/Equity ratio of 0.11 indicates that BAR is not too dependend on debt financing.
The Debt to Equity ratio of BAR (0.11) is better than 79.59% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF 1.03
Altman-Z 3.76
ROIC/WACC0.73
WACC7.52%
BAR.BR Yearly LT Debt VS Equity VS FCFBAR.BR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M

2.3 Liquidity

BAR has a Current Ratio of 2.60. This indicates that BAR is financially healthy and has no problem in meeting its short term obligations.
BAR's Current ratio of 2.60 is amongst the best of the industry. BAR outperforms 81.63% of its industry peers.
BAR has a Quick Ratio of 1.91. This is a normal value and indicates that BAR is financially healthy and should not expect problems in meeting its short term obligations.
BAR's Quick ratio of 1.91 is amongst the best of the industry. BAR outperforms 83.67% of its industry peers.
Industry RankSector Rank
Current Ratio 2.6
Quick Ratio 1.91
BAR.BR Yearly Current Assets VS Current LiabilitesBAR.BR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

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3

3. Growth

3.1 Past

The earnings per share for BAR have decreased strongly by -19.00% in the last year.
The Earnings Per Share has been decreasing by -8.09% on average over the past years.
BAR shows a decrease in Revenue. In the last year, the revenue decreased by -9.86%.
The Revenue has been decreasing by -2.65% on average over the past years.
EPS 1Y (TTM)-19%
EPS 3Y91.91%
EPS 5Y-8.09%
EPS Q2Q%18.15%
Revenue 1Y (TTM)-9.86%
Revenue growth 3Y5.58%
Revenue growth 5Y-2.65%
Sales Q2Q%-3.24%

3.2 Future

BAR is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 16.52% yearly.
Based on estimates for the next years, BAR will show a small growth in Revenue. The Revenue will grow by 5.17% on average per year.
EPS Next Y44.2%
EPS Next 2Y27.35%
EPS Next 3Y20.94%
EPS Next 5Y16.52%
Revenue Next Year4.73%
Revenue Next 2Y4.36%
Revenue Next 3Y4.22%
Revenue Next 5Y5.17%

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
BAR.BR Yearly Revenue VS EstimatesBAR.BR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 200M 400M 600M 800M 1B
BAR.BR Yearly EPS VS EstimatesBAR.BR Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0.2 0.4 0.6 0.8 1

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6

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 17.42, which indicates a rather expensive current valuation of BAR.
Based on the Price/Earnings ratio, BAR is valued a bit cheaper than the industry average as 75.51% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 27.15, BAR is valued a bit cheaper.
Based on the Price/Forward Earnings ratio of 13.89, the valuation of BAR can be described as correct.
Based on the Price/Forward Earnings ratio, BAR is valued a bit cheaper than 63.27% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of BAR to the average of the S&P500 Index (21.60), we can say BAR is valued slightly cheaper.
Industry RankSector Rank
PE 17.42
Fwd PE 13.89
BAR.BR Price Earnings VS Forward Price EarningsBAR.BR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

BAR's Enterprise Value to EBITDA is on the same level as the industry average.
BAR's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. BAR is cheaper than 69.39% of the companies in the same industry.
Industry RankSector Rank
P/FCF 11.43
EV/EBITDA 7.85
BAR.BR Per share dataBAR.BR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

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.
BAR has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as BAR's earnings are expected to grow with 20.94% in the coming years.
PEG (NY)0.39
PEG (5Y)N/A
EPS Next 2Y27.35%
EPS Next 3Y20.94%

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6

5. Dividend

5.1 Amount

BAR has a Yearly Dividend Yield of 2.96%.
Compared to an average industry Dividend Yield of 3.03, BAR pays a bit more dividend than its industry peers.
BAR's Dividend Yield is a higher than the S&P500 average which is at 2.42.
Industry RankSector Rank
Dividend Yield 2.96%

5.2 History

The dividend of BAR is nicely growing with an annual growth rate of 7.79%!
Dividend Growth(5Y)7.79%
Div Incr Years4
Div Non Decr Years4
BAR.BR Yearly Dividends per shareBAR.BR Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 0.1 0.2 0.3 0.4 0.5

5.3 Sustainability

67.54% of the earnings are spent on dividend by BAR. This is not a sustainable payout ratio.
The dividend of BAR is growing, but earnings are growing more, so the dividend growth is sustainable.
DP67.54%
EPS Next 2Y27.35%
EPS Next 3Y20.94%
BAR.BR Yearly Income VS Free CF VS DividendBAR.BR Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M 100M
BAR.BR Dividend Payout.BAR.BR Dividend Payout, showing the Payout Ratio.BAR.BR Dividend Payout.PayoutRetained Earnings

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BARCO N.V.

EBR:BAR (6/30/2025, 7:00:00 PM)

12.37

-0.05 (-0.4%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)04-16 2025-04-16
Earnings (Next)07-16 2025-07-16
Inst Owners19.3%
Inst Owner ChangeN/A
Ins Owners25.25%
Ins Owner ChangeN/A
Market Cap1.15B
Analysts74.55
Price Target14.24 (15.12%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.96%
Yearly Dividend0.48
Dividend Growth(5Y)7.79%
DP67.54%
Div Incr Years4
Div Non Decr Years4
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)0.62%
PT rev (3m)9.65%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)2.18%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.34%
Valuation
Industry RankSector Rank
PE 17.42
Fwd PE 13.89
P/S 1.21
P/FCF 11.43
P/OCF 8.03
P/B 1.45
P/tB 1.7
EV/EBITDA 7.85
EPS(TTM)0.71
EY5.74%
EPS(NY)0.89
Fwd EY7.2%
FCF(TTM)1.08
FCFY8.75%
OCF(TTM)1.54
OCFY12.45%
SpS10.19
BVpS8.56
TBVpS7.3
PEG (NY)0.39
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 5.12%
ROE 7.92%
ROCE 6.99%
ROIC 5.47%
ROICexc 8.75%
ROICexgc 10.85%
OM 6.81%
PM (TTM) 6.65%
GM 40.72%
FCFM 10.63%
ROA(3y)6.2%
ROA(5y)3.79%
ROE(3y)9.3%
ROE(5y)5.7%
ROIC(3y)7.25%
ROIC(5y)4.83%
ROICexc(3y)11.1%
ROICexc(5y)7.42%
ROICexgc(3y)13.91%
ROICexgc(5y)9.35%
ROCE(3y)8.96%
ROCE(5y)5.96%
ROICexcg growth 3Y46.54%
ROICexcg growth 5Y-18.44%
ROICexc growth 3Y49.92%
ROICexc growth 5Y-15.64%
OM growth 3Y51.51%
OM growth 5Y-8.88%
PM growth 3Y81.95%
PM growth 5Y-5.47%
GM growth 3Y4.44%
GM growth 5Y0.53%
F-Score4
Asset Turnover0.77
Health
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF 1.03
Debt/EBITDA 0.83
Cap/Depr 97.37%
Cap/Sales 4.5%
Interest Coverage 19.28
Cash Conversion 132.28%
Profit Quality 159.75%
Current Ratio 2.6
Quick Ratio 1.91
Altman-Z 3.76
F-Score4
WACC7.52%
ROIC/WACC0.73
Cap/Depr(3y)96.83%
Cap/Depr(5y)74.6%
Cap/Sales(3y)3.89%
Cap/Sales(5y)3.19%
Profit Quality(3y)72.79%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-19%
EPS 3Y91.91%
EPS 5Y-8.09%
EPS Q2Q%18.15%
EPS Next Y44.2%
EPS Next 2Y27.35%
EPS Next 3Y20.94%
EPS Next 5Y16.52%
Revenue 1Y (TTM)-9.86%
Revenue growth 3Y5.58%
Revenue growth 5Y-2.65%
Sales Q2Q%-3.24%
Revenue Next Year4.73%
Revenue Next 2Y4.36%
Revenue Next 3Y4.22%
Revenue Next 5Y5.17%
EBIT growth 1Y-36.84%
EBIT growth 3Y59.96%
EBIT growth 5Y-11.29%
EBIT Next Year119.14%
EBIT Next 3Y36.54%
EBIT Next 5Y19.2%
FCF growth 1Y151.61%
FCF growth 3Y7.54%
FCF growth 5Y2.61%
OCF growth 1Y51.66%
OCF growth 3Y12.83%
OCF growth 5Y5.68%