B&C SPEAKERS SPA (BEC.MI) Stock Fundamental Analysis
BIT:BEC - IT0001268561 - Common Stock
19.05 EUR
+0.5 (+2.7%)
BEC gets a fundamental rating of 8 out of 10. The analysis compared the fundamentals against 34 industry peers in the Household Durables industry. Both the health and profitability get an excellent rating, making BEC a very profitable company, without any liquidiy or solvency issues. BEC has a correct valuation and a medium growth rate. Finally BEC also has an excellent dividend rating. With these ratings, BEC could be worth investigating further for dividend and quality investing!.
1. Profitability
1.1 Basic Checks
BEC had positive earnings in the past year.
BEC had a positive operating cash flow in the past year.
BEC had positive earnings in each of the past 5 years.
BEC had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
BEC has a better Return On Assets (28.77%) than 100.00% of its industry peers.
BEC's Return On Equity of 45.49% is amongst the best of the industry. BEC outperforms 100.00% of its industry peers.
The Return On Invested Capital of BEC (35.43%) is better than 100.00% of its industry peers.
BEC had an Average Return On Invested Capital over the past 3 years of 26.56%. This is significantly above the industry average of 10.55%.
The last Return On Invested Capital (35.43%) for BEC is above the 3 year average (26.56%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 28.77% | ||
| ROE | 45.49% | ||
| ROIC | 35.43% |
ROA(3y)17.3%
ROA(5y)12.66%
ROE(3y)31.96%
ROE(5y)24.15%
ROIC(3y)26.56%
ROIC(5y)19.74%
1.3 Margins
The Profit Margin of BEC (16.78%) is better than 97.06% of its industry peers.
In the last couple of years the Profit Margin of BEC has grown nicely.
BEC has a better Operating Margin (19.38%) than 97.06% of its industry peers.
BEC's Operating Margin has been stable in the last couple of years.
Looking at the Gross Margin, with a value of 37.40%, BEC is in line with its industry, outperforming 52.94% of the companies in the same industry.
In the last couple of years the Gross Margin of BEC has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 19.38% | ||
| PM (TTM) | 16.78% | ||
| GM | 37.4% |
OM growth 3Y9.42%
OM growth 5Y0.76%
PM growth 3Y17.26%
PM growth 5Y2.99%
GM growth 3Y1.29%
GM growth 5Y-0.86%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), BEC is creating value.
Compared to 1 year ago, BEC has less shares outstanding
The number of shares outstanding for BEC has been reduced compared to 5 years ago.
Compared to 1 year ago, BEC has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 8.20 indicates that BEC is not in any danger for bankruptcy at the moment.
With an excellent Altman-Z score value of 8.20, BEC belongs to the best of the industry, outperforming 97.06% of the companies in the same industry.
BEC has a debt to FCF ratio of 1.63. This is a very positive value and a sign of high solvency as it would only need 1.63 years to pay back of all of its debts.
The Debt to FCF ratio of BEC (1.63) is better than 85.29% of its industry peers.
A Debt/Equity ratio of 0.22 indicates that BEC is not too dependend on debt financing.
The Debt to Equity ratio of BEC (0.22) is better than 67.65% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | 1.63 | ||
| Altman-Z | 8.2 |
ROIC/WACC4.56
WACC7.77%
2.3 Liquidity
BEC has a Current Ratio of 3.25. This indicates that BEC is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 3.25, BEC belongs to the top of the industry, outperforming 82.35% of the companies in the same industry.
A Quick Ratio of 1.88 indicates that BEC should not have too much problems paying its short term obligations.
With an excellent Quick ratio value of 1.88, BEC belongs to the best of the industry, outperforming 97.06% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.25 | ||
| Quick Ratio | 1.88 |
3. Growth
3.1 Past
BEC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 22.49%, which is quite impressive.
BEC shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 15.74% yearly.
The Revenue has been growing slightly by 7.83% in the past year.
The Revenue has been growing by 12.26% on average over the past years. This is quite good.
EPS 1Y (TTM)22.49%
EPS 3Y52.14%
EPS 5Y15.74%
EPS Q2Q%13.33%
Revenue 1Y (TTM)7.83%
Revenue growth 3Y30.43%
Revenue growth 5Y12.26%
Sales Q2Q%8.26%
3.2 Future
Based on estimates for the next years, BEC will show a small growth in Earnings Per Share. The EPS will grow by 4.89% on average per year.
The Revenue is expected to grow by 3.40% on average over the next years.
EPS Next Y8.76%
EPS Next 2Y7.73%
EPS Next 3Y4.89%
EPS Next 5YN/A
Revenue Next Year6.45%
Revenue Next 2Y5.43%
Revenue Next 3Y3.4%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 8.18 indicates a reasonable valuation of BEC.
82.35% of the companies in the same industry are more expensive than BEC, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of BEC to the average of the S&P500 Index (27.13), we can say BEC is valued rather cheaply.
The Price/Forward Earnings ratio is 11.86, which indicates a very decent valuation of BEC.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BEC is on the same level as its industry peers.
BEC is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.76, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.18 | ||
| Fwd PE | 11.86 |
4.2 Price Multiples
BEC's Enterprise Value to EBITDA ratio is in line with the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BEC is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.5 | ||
| EV/EBITDA | 6.79 |
4.3 Compensation for Growth
BEC's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The excellent profitability rating of BEC may justify a higher PE ratio.
PEG (NY)0.93
PEG (5Y)0.52
EPS Next 2Y7.73%
EPS Next 3Y4.89%
5. Dividend
5.1 Amount
BEC has a Yearly Dividend Yield of 5.25%, which is a nice return.
Compared to an average industry Dividend Yield of 4.61, BEC pays a better dividend. On top of this BEC pays more dividend than 85.29% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.32, BEC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.25% |
5.2 History
The dividend of BEC is nicely growing with an annual growth rate of 7.01%!
Dividend Growth(5Y)7.01%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
BEC pays out 30.59% of its income as dividend. This is a sustainable payout ratio.
BEC's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP30.59%
EPS Next 2Y7.73%
EPS Next 3Y4.89%
BIT:BEC (8/28/2025, 7:00:00 PM)
19.05
+0.5 (+2.7%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryHousehold Durables
Earnings (Last)
Earnings (Next)
Inst Owners27.02%
Inst Owner ChangeN/A
Ins Owners52.73%
Ins Owner ChangeN/A
Market Cap209.55M
Analysts80
Price Target19.71 (3.46%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.25% |
Yearly Dividend0.7
Dividend Growth(5Y)7.01%
DP30.59%
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)0%
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.18 | ||
| Fwd PE | 11.86 | ||
| P/S | 1.4 | ||
| P/FCF | 19.5 | ||
| P/OCF | 16.16 | ||
| P/B | 3.8 | ||
| P/tB | 4.01 | ||
| EV/EBITDA | 6.79 |
EPS(TTM)2.33
EY12.23%
EPS(NY)1.61
Fwd EY8.43%
FCF(TTM)0.98
FCFY5.13%
OCF(TTM)1.18
OCFY6.19%
SpS13.6
BVpS5.02
TBVpS4.75
PEG (NY)0.93
PEG (5Y)0.52
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 28.77% | ||
| ROE | 45.49% | ||
| ROCE | 44.29% | ||
| ROIC | 35.43% | ||
| ROICexc | 41.04% | ||
| ROICexgc | 43.2% | ||
| OM | 19.38% | ||
| PM (TTM) | 16.78% | ||
| GM | 37.4% | ||
| FCFM | 7.18% |
ROA(3y)17.3%
ROA(5y)12.66%
ROE(3y)31.96%
ROE(5y)24.15%
ROIC(3y)26.56%
ROIC(5y)19.74%
ROICexc(3y)31.8%
ROICexc(5y)24.11%
ROICexgc(3y)33.73%
ROICexgc(5y)25.74%
ROCE(3y)32.9%
ROCE(5y)24.32%
ROICexcg growth 3Y17.34%
ROICexcg growth 5Y-0.79%
ROICexc growth 3Y18.52%
ROICexc growth 5Y-0.06%
OM growth 3Y9.42%
OM growth 5Y0.76%
PM growth 3Y17.26%
PM growth 5Y2.99%
GM growth 3Y1.29%
GM growth 5Y-0.86%
F-Score8
Asset Turnover1.71
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | 1.63 | ||
| Debt/EBITDA | 0.38 | ||
| Cap/Depr | 82.09% | ||
| Cap/Sales | 1.48% | ||
| Interest Coverage | 31.63 | ||
| Cash Conversion | 40.91% | ||
| Profit Quality | 42.81% | ||
| Current Ratio | 3.25 | ||
| Quick Ratio | 1.88 | ||
| Altman-Z | 8.2 |
F-Score8
WACC7.77%
ROIC/WACC4.56
Cap/Depr(3y)55.55%
Cap/Depr(5y)40.71%
Cap/Sales(3y)1.4%
Cap/Sales(5y)1.24%
Profit Quality(3y)64.2%
Profit Quality(5y)115.86%
High Growth Momentum
Growth
EPS 1Y (TTM)22.49%
EPS 3Y52.14%
EPS 5Y15.74%
EPS Q2Q%13.33%
EPS Next Y8.76%
EPS Next 2Y7.73%
EPS Next 3Y4.89%
EPS Next 5YN/A
Revenue 1Y (TTM)7.83%
Revenue growth 3Y30.43%
Revenue growth 5Y12.26%
Sales Q2Q%8.26%
Revenue Next Year6.45%
Revenue Next 2Y5.43%
Revenue Next 3Y3.4%
Revenue Next 5YN/A
EBIT growth 1Y-3.99%
EBIT growth 3Y42.71%
EBIT growth 5Y13.11%
EBIT Next Year19.14%
EBIT Next 3Y7.76%
EBIT Next 5YN/A
FCF growth 1Y-37.64%
FCF growth 3Y96.38%
FCF growth 5Y0.44%
OCF growth 1Y-29.3%
OCF growth 3Y90.76%
OCF growth 5Y2.37%