BF SPA (BFG.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:BFG - IT0005187460 - Common Stock
4.47 EUR
+0.07 (+1.59%)
We assign a fundamental rating of 2 out of 10 to BFG. BFG was compared to 64 industry peers in the Food Products industry. Both the profitability and financial health of BFG have multiple concerns. BFG is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
- BFG had negative earnings in the past year.
- BFG had a negative operating cash flow in the past year.
- Of the past 5 years BFG 4 years were profitable.
- In multiple years BFG reported negative operating cash flow during the last 5 years.
1.2 Ratios
- Looking at the Return On Assets, with a value of -0.10%, BFG is doing worse than 68.75% of the companies in the same industry.
- BFG has a worse Return On Equity (-0.31%) than 68.75% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 0.12%, BFG is doing worse than 79.69% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.1% | ||
| ROE | -0.31% | ||
| ROIC | 0.12% |
ROA(3y)0.26%
ROA(5y)0.19%
ROE(3y)0.83%
ROE(5y)0.54%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
- BFG's Profit Margin has improved in the last couple of years.
- BFG has a Operating Margin of 0.15%. This is in the lower half of the industry: BFG underperforms 79.69% of its industry peers.
- BFG's Gross Margin of 23.94% is on the low side compared to the rest of the industry. BFG is outperformed by 76.56% of its industry peers.
- BFG's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 0.15% | ||
| PM (TTM) | N/A | ||
| GM | 23.94% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5Y93.88%
GM growth 3Y6.13%
GM growth 5Y-2.82%
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so BFG is destroying value.
- BFG has about the same amout of shares outstanding than it did 1 year ago.
- Compared to 5 years ago, BFG has more shares outstanding
- BFG has a worse debt/assets ratio than last year.
2.2 Solvency
- Based on the Altman-Z score of 1.41, we must say that BFG is in the distress zone and has some risk of bankruptcy.
- BFG has a worse Altman-Z score (1.41) than 67.19% of its industry peers.
- BFG has a Debt/Equity ratio of 0.25. This is a healthy value indicating a solid balance between debt and equity.
- BFG has a better Debt to Equity ratio (0.25) than 79.69% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.25 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.41 |
ROIC/WACC0.02
WACC7.07%
2.3 Liquidity
- BFG has a Current Ratio of 1.17. This is a normal value and indicates that BFG is financially healthy and should not expect problems in meeting its short term obligations.
- BFG's Current ratio of 1.17 is in line compared to the rest of the industry. BFG outperforms 45.31% of its industry peers.
- BFG has a Quick Ratio of 1.17. This is a bad value and indicates that BFG is not financially healthy enough and could expect problems in meeting its short term obligations.
- With a Quick ratio value of 0.86, BFG perfoms like the industry average, outperforming 56.25% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.17 | ||
| Quick Ratio | 0.86 |
3. Growth
3.1 Past
- BFG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -122.30%.
- BFG shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 230.78% yearly.
- The Revenue has grown by 11.77% in the past year. This is quite good.
- BFG shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 81.93% yearly.
EPS 1Y (TTM)-122.3%
EPS 3YN/A
EPS 5Y230.78%
EPS Q2Q%-96.29%
Revenue 1Y (TTM)11.77%
Revenue growth 3Y70.81%
Revenue growth 5Y81.93%
Sales Q2Q%13.87%
3.2 Future
- The Earnings Per Share is expected to grow by 65.55% on average over the next years. This is a very strong growth
- Based on estimates for the next years, BFG will show a small growth in Revenue. The Revenue will grow by 4.74% on average per year.
EPS Next Y25%
EPS Next 2Y50%
EPS Next 3Y65.55%
EPS Next 5YN/A
Revenue Next Year8.56%
Revenue Next 2Y8.52%
Revenue Next 3Y4.74%
Revenue Next 5YN/A
3.3 Evolution
- Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past 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
- BFG reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
- BFG is valuated quite expensively with a Price/Forward Earnings ratio of 49.17.
- Based on the Price/Forward Earnings ratio, BFG is valued a bit more expensive than the industry average as 76.56% of the companies are valued more cheaply.
- BFG is valuated expensively when we compare the Price/Forward Earnings ratio to 24.26, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 49.17 |
4.2 Price Multiples
- 78.13% of the companies in the same industry are cheaper than BFG, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 27.68 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
- BFG's earnings are expected to grow with 65.55% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y50%
EPS Next 3Y65.55%
5. Dividend
5.1 Amount
- BFG has a Yearly Dividend Yield of 1.82%.
- Compared to an average industry Dividend Yield of 2.42, BFG has a dividend in line with its industry peers.
- BFG's Dividend Yield is comparable with the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.82% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- BFG has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-94.98%
EPS Next 2Y50%
EPS Next 3Y65.55%
BF SPA / BFG.MI FAQ
Can you provide the ChartMill fundamental rating for BF SPA?
ChartMill assigns a fundamental rating of 2 / 10 to BFG.MI.
Can you provide the valuation status for BF SPA?
ChartMill assigns a valuation rating of 1 / 10 to BF SPA (BFG.MI). This can be considered as Overvalued.
How profitable is BF SPA (BFG.MI) stock?
BF SPA (BFG.MI) has a profitability rating of 1 / 10.
Can you provide the financial health for BFG stock?
The financial health rating of BF SPA (BFG.MI) is 2 / 10.