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 35 industry peers in the Household Durables industry. BEC has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. BEC is valued quite cheap, while showing a decent growth score. This is a good combination! Finally BEC also has an excellent dividend rating. These ratings would make BEC suitable for value and dividend and quality investing!
1. Profitability
1.1 Basic Checks
In the past year BEC was profitable.
BEC had a positive operating cash flow in the past year.
Each year in the past 5 years BEC has been profitable.
Each year in the past 5 years BEC had a positive operating cash flow.
1.2 Ratios
The Return On Assets of BEC (28.77%) is better than 100.00% of its industry peers.
BEC has a better Return On Equity (45.49%) than 100.00% of its industry peers.
The Return On Invested Capital of BEC (35.43%) is better than 97.14% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for BEC is significantly above the industry average of 16.45%.
The 3 year average ROIC (26.56%) for BEC is below the current ROIC(35.43%), indicating increased profibility in the last year.
| 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's Profit Margin of 16.78% is amongst the best of the industry. BEC outperforms 94.29% of its industry peers.
BEC's Profit Margin has improved in the last couple of years.
The Operating Margin of BEC (19.38%) is better than 94.29% of its industry peers.
In the last couple of years the Operating Margin of BEC has remained more or less at the same level.
The Gross Margin of BEC (37.40%) is comparable to the rest of the industry.
BEC's Gross Margin has been stable in the last couple of years.
| 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.
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 7.67. This indicates that BEC is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 7.67, BEC belongs to the best of the industry, outperforming 94.29% 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 85.71% of the companies in the same industry.
BEC has a Debt/Equity ratio of 0.22. This is a healthy value indicating a solid balance between debt and equity.
BEC's Debt to Equity ratio of 0.22 is fine compared to the rest of the industry. BEC outperforms 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | 1.63 | ||
| Altman-Z | 7.67 |
ROIC/WACC4.59
WACC7.71%
2.3 Liquidity
A Current Ratio of 3.25 indicates that BEC has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 3.25, BEC is in the better half of the industry, outperforming 80.00% 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.
Looking at the Quick ratio, with a value of 1.88, BEC belongs to the top of the industry, outperforming 91.43% 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.
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.
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
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 7.06 indicates a rather cheap valuation of BEC.
Based on the Price/Earnings ratio, BEC is valued cheaply inside the industry as 82.86% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 27.03, BEC is valued rather cheaply.
BEC is valuated reasonably with a Price/Forward Earnings ratio of 10.24.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BEC is on the same level as its industry peers.
BEC's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 36.28.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.06 | ||
| Fwd PE | 10.24 |
4.2 Price Multiples
BEC's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. BEC is cheaper than 62.86% of the companies in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as BEC.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.83 | ||
| EV/EBITDA | 5.88 |
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)0.81
PEG (5Y)0.45
EPS Next 2Y7.73%
EPS Next 3Y4.89%
5. Dividend
5.1 Amount
BEC has a Yearly Dividend Yield of 6.08%, which is a nice return.
Compared to an average industry Dividend Yield of 4.80, BEC pays a better dividend. On top of this BEC pays more dividend than 85.71% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.40, BEC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.08% |
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
30.59% of the earnings are spent on dividend by BEC. This is a low number and 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 (8/5/2025, 7:00:00 PM)
16.45
+0.18 (+1.08%)
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 Cap180.95M
Analysts80
Price Target19.71 (19.82%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.08% |
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 | 7.06 | ||
| Fwd PE | 10.24 | ||
| P/S | 1.21 | ||
| P/FCF | 16.83 | ||
| P/OCF | 13.95 | ||
| P/B | 3.28 | ||
| P/tB | 3.46 | ||
| EV/EBITDA | 5.88 |
EPS(TTM)2.33
EY14.16%
EPS(NY)1.61
Fwd EY9.76%
FCF(TTM)0.98
FCFY5.94%
OCF(TTM)1.18
OCFY7.17%
SpS13.6
BVpS5.02
TBVpS4.75
PEG (NY)0.81
PEG (5Y)0.45
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 | 7.67 |
F-Score8
WACC7.71%
ROIC/WACC4.59
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%