BERTRANDT AG (BDT.DE) Stock Fundamental Analysis
FRA:BDT - Deutsche Boerse Ag - DE0005232805 - Common Stock - Currency: EUR
BDT gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 29 industry peers in the Professional Services industry. While BDT seems to be doing ok healthwise, there are quite some concerns on its profitability. BDT has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year BDT was profitable.
BDT had a positive operating cash flow in the past year.
Of the past 5 years BDT 4 years were profitable.
Each year in the past 5 years BDT had a positive operating cash flow.
1.2 Ratios
The Return On Assets of BDT (-8.77%) is worse than 82.76% of its industry peers.
BDT has a Return On Equity of -21.22%. This is amonst the worse of the industry: BDT underperforms 82.76% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -8.77% | ||
| ROE | -21.22% | ||
| ROIC | N/A |
ROA(3y)-1.13%
ROA(5y)-0.45%
ROE(3y)-3.21%
ROE(5y)-1.4%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
BDT has a Gross Margin of 87.11%. This is amongst the best in the industry. BDT outperforms 82.76% of its industry peers.
In the last couple of years the Gross Margin of BDT has remained more or less at the same level.
The Profit Margin and Operating Margin are not available for BDT so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 87.11% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.74%
GM growth 5Y-0.63%
2. Health
2.1 Basic Checks
BDT does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for BDT remains at a similar level compared to 1 year ago.
BDT has about the same amout of shares outstanding than it did 5 years ago.
The debt/assets ratio for BDT is higher compared to a year ago.
2.2 Solvency
BDT has an Altman-Z score of 2.19. This is not the best score and indicates that BDT is in the grey zone with still only limited risk for bankruptcy at the moment.
BDT has a Altman-Z score of 2.19. This is in the lower half of the industry: BDT underperforms 62.07% of its industry peers.
BDT has a debt to FCF ratio of 5.33. This is a neutral value as BDT would need 5.33 years to pay back of all of its debts.
BDT has a Debt to FCF ratio (5.33) which is in line with its industry peers.
BDT has a Debt/Equity ratio of 0.75. This is a neutral value indicating BDT is somewhat dependend on debt financing.
BDT's Debt to Equity ratio of 0.75 is in line compared to the rest of the industry. BDT outperforms 51.72% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.75 | ||
| Debt/FCF | 5.33 | ||
| Altman-Z | 2.19 |
ROIC/WACCN/A
WACC5.03%
2.3 Liquidity
BDT has a Current Ratio of 2.16. This indicates that BDT is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 2.16, BDT belongs to the top of the industry, outperforming 93.10% of the companies in the same industry.
A Quick Ratio of 2.16 indicates that BDT has no problem at all paying its short term obligations.
BDT has a better Quick ratio (2.16) than 93.10% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.16 | ||
| Quick Ratio | 2.16 |
3. Growth
3.1 Past
BDT shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -90.89%.
BDT shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -43.11% yearly.
BDT shows a decrease in Revenue. In the last year, the revenue decreased by -3.48%.
The Revenue has been decreasing by -0.42% on average over the past years.
EPS 1Y (TTM)-90.89%
EPS 3Y-56.01%
EPS 5Y-43.11%
EPS Q2Q%-146.15%
Revenue 1Y (TTM)-3.48%
Revenue growth 3Y-2.66%
Revenue growth 5Y-0.42%
Sales Q2Q%-13.64%
3.2 Future
BDT is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 17.96% yearly.
Based on estimates for the next years, BDT will show a small growth in Revenue. The Revenue will grow by 4.33% on average per year.
EPS Next Y237.12%
EPS Next 2Y148.93%
EPS Next 3Y101.66%
EPS Next 5Y17.96%
Revenue Next Year-6.91%
Revenue Next 2Y3.15%
Revenue Next 3Y6.46%
Revenue Next 5Y4.33%
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
BDT is valuated quite expensively with a Price/Earnings ratio of 64.05.
Compared to the rest of the industry, the Price/Earnings ratio of BDT indicates a slightly more expensive valuation: BDT is more expensive than 72.41% of the companies listed in the same industry.
BDT's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 28.80.
With a Price/Forward Earnings ratio of 10.34, the valuation of BDT can be described as very reasonable.
Based on the Price/Forward Earnings ratio, BDT is valued cheaper than 89.66% of the companies in the same industry.
BDT's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.91.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 64.05 | ||
| Fwd PE | 10.34 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BDT is valued a bit more expensive than 75.86% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, BDT is valued cheaper than 96.55% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.17 | ||
| EV/EBITDA | 29.8 |
4.3 Compensation for Growth
BDT'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 BDT's earnings are expected to grow with 101.66% in the coming years.
PEG (NY)0.27
PEG (5Y)N/A
EPS Next 2Y148.93%
EPS Next 3Y101.66%
5. Dividend
5.1 Amount
BDT has a Yearly Dividend Yield of 1.05%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 2.94, BDT has a dividend in line with its industry peers.
With a Dividend Yield of 1.05, BDT pays less dividend than the S&P500 average, which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.05% |
5.2 History
The dividend of BDT decreases each year by -9.71%.
Dividend Growth(5Y)-9.71%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
BDT has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-15.71%
EPS Next 2Y148.93%
EPS Next 3Y101.66%
FRA:BDT (3/28/2025, 10:50:54 AM)
23.7
0 (0%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)
Earnings (Next)
Inst Owners25.48%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap240.32M
Analysts81.82
Price Target30.73 (29.66%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.05% |
Yearly Dividend1.2
Dividend Growth(5Y)-9.71%
DP-15.71%
Div Incr Years3
Div Non Decr Years3
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)2.12%
PT rev (3m)-9.11%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-72.61%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.08%
Revenue NY rev (3m)-7.54%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 64.05 | ||
| Fwd PE | 10.34 | ||
| P/S | 0.2 | ||
| P/FCF | 4.17 | ||
| P/OCF | 3.13 | ||
| P/B | 0.66 | ||
| P/tB | 0.77 | ||
| EV/EBITDA | 29.8 |
EPS(TTM)0.37
EY1.56%
EPS(NY)2.29
Fwd EY9.67%
FCF(TTM)5.68
FCFY23.96%
OCF(TTM)7.58
OCFY31.99%
SpS116.92
BVpS35.87
TBVpS30.75
PEG (NY)0.27
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -8.77% | ||
| ROE | -21.22% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 87.11% | ||
| FCFM | 4.86% |
ROA(3y)-1.13%
ROA(5y)-0.45%
ROE(3y)-3.21%
ROE(5y)-1.4%
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-1.74%
GM growth 5Y-0.63%
F-Score3
Asset Turnover1.35
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.75 | ||
| Debt/FCF | 5.33 | ||
| Debt/EBITDA | 19.53 | ||
| Cap/Depr | 17.23% | ||
| Cap/Sales | 1.63% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | 549.96% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.16 | ||
| Quick Ratio | 2.16 | ||
| Altman-Z | 2.19 |
F-Score3
WACC5.03%
ROIC/WACCN/A
Cap/Depr(3y)39.53%
Cap/Depr(5y)56.28%
Cap/Sales(3y)2.33%
Cap/Sales(5y)3.43%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-90.89%
EPS 3Y-56.01%
EPS 5Y-43.11%
EPS Q2Q%-146.15%
EPS Next Y237.12%
EPS Next 2Y148.93%
EPS Next 3Y101.66%
EPS Next 5Y17.96%
Revenue 1Y (TTM)-3.48%
Revenue growth 3Y-2.66%
Revenue growth 5Y-0.42%
Sales Q2Q%-13.64%
Revenue Next Year-6.91%
Revenue Next 2Y3.15%
Revenue Next 3Y6.46%
Revenue Next 5Y4.33%
EBIT growth 1Y-295.78%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year1077.17%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y378.06%
FCF growth 3Y17.64%
FCF growth 5Y51.24%
OCF growth 1Y99.91%
OCF growth 3Y1.44%
OCF growth 5Y1.24%