B&C SPEAKERS SPA (BEC.MI) Stock Fundamental Analysis
BIT:BEC - Euronext Milan - IT0001268561 - Common Stock - Currency: EUR
We assign a fundamental rating of 8 out of 10 to BEC. BEC was compared to 31 industry peers in the Household Durables industry. BEC gets an excellent profitability rating and is at the same time showing great financial health properties. A decent growth rate in combination with a cheap valuation! Better keep an eye on BEC. BEC also has an excellent dividend rating. This makes BEC very considerable for value and dividend and quality investing!
1. Profitability
1.1 Basic Checks
BEC had positive earnings in the past year.
In the past year BEC had a positive cash flow from operations.
Each year in the past 5 years BEC has been profitable.
In the past 5 years BEC always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 28.77%, BEC belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
With an excellent Return On Equity value of 45.49%, BEC belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
BEC has a Return On Invested Capital of 35.43%. This is amongst the best in the industry. BEC outperforms 96.77% 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 16.03%.
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
BEC has a better Profit Margin (16.78%) than 93.55% of its industry peers.
BEC's Profit Margin has improved in the last couple of years.
BEC's Operating Margin of 19.38% is amongst the best of the industry. BEC outperforms 93.55% of its industry peers.
BEC's Operating Margin has been stable in the last couple of years.
The Gross Margin of BEC (37.40%) is comparable to the rest of the 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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so BEC is creating value.
The number of shares outstanding for BEC has been reduced compared to 1 year ago.
The number of shares outstanding for BEC has been reduced compared to 5 years ago.
The debt/assets ratio for BEC has been reduced compared to a year ago.
2.2 Solvency
BEC has an Altman-Z score of 7.63. This indicates that BEC is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 7.63, BEC belongs to the best of the industry, outperforming 96.77% of the companies in the same industry.
The Debt to FCF ratio of BEC is 1.63, which is an excellent value as it means it would take BEC, only 1.63 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 1.63, BEC belongs to the best of the industry, outperforming 80.65% of the companies in the same industry.
A Debt/Equity ratio of 0.22 indicates that BEC is not too dependend on debt financing.
BEC's Debt to Equity ratio of 0.22 is fine compared to the rest of the industry. BEC outperforms 77.42% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | 1.63 | ||
| Altman-Z | 7.63 |
ROIC/WACC4.52
WACC7.83%
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.
BEC's Current ratio of 3.25 is amongst the best of the industry. BEC outperforms 80.65% of its industry peers.
BEC has a Quick Ratio of 1.88. This is a normal value and indicates that BEC is financially healthy and should not expect problems in meeting its short term obligations.
BEC's Quick ratio of 1.88 is amongst the best of the industry. BEC outperforms 93.55% of its industry peers.
| 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.
The Earnings Per Share has been growing by 15.74% on average over the past years. This is quite good.
Looking at the last year, BEC shows a small growth in Revenue. The Revenue has grown by 7.83% in the last year.
BEC shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 12.26% yearly.
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
The Earnings Per Share is expected to grow by 4.89% on average over the next years.
Based on estimates for the next years, BEC will show a small growth in Revenue. The Revenue will grow by 3.40% on average per year.
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
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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 6.97 indicates a rather cheap valuation of BEC.
Compared to the rest of the industry, the Price/Earnings ratio of BEC indicates a rather cheap valuation: BEC is cheaper than 83.87% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of BEC to the average of the S&P500 Index (27.30), we can say BEC is valued rather cheaply.
With a Price/Forward Earnings ratio of 10.12, the valuation of BEC can be described as very reasonable.
BEC's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 21.76. BEC is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.97 | ||
| Fwd PE | 10.12 |
4.2 Price Multiples
BEC's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. BEC is cheaper than 61.29% of the companies in the same industry.
BEC's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.63 | ||
| EV/EBITDA | 5.82 |
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.
BEC has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)0.8
PEG (5Y)0.44
EPS Next 2Y7.73%
EPS Next 3Y4.89%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.97%, BEC is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.60, BEC pays a better dividend. On top of this BEC pays more dividend than 83.87% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.37, BEC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.97% |
5.2 History
On average, the dividend of BEC grows each year by 7.01%, which is quite nice.
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 (7/10/2025, 7:00:00 PM)
16.25
0 (0%)
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 Cap178.75M
Analysts80
Price Target19.71 (21.29%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.97% |
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 | 6.97 | ||
| Fwd PE | 10.12 | ||
| P/S | 1.19 | ||
| P/FCF | 16.63 | ||
| P/OCF | 13.78 | ||
| P/B | 3.24 | ||
| P/tB | 3.42 | ||
| EV/EBITDA | 5.82 |
EPS(TTM)2.33
EY14.34%
EPS(NY)1.61
Fwd EY9.88%
FCF(TTM)0.98
FCFY6.01%
OCF(TTM)1.18
OCFY7.26%
SpS13.6
BVpS5.02
TBVpS4.75
PEG (NY)0.8
PEG (5Y)0.44
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 | 7.63 |
F-Score8
WACC7.83%
ROIC/WACC4.52
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%