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BF SPA (BFG.MI) Stock Fundamental Analysis

BIT:BFG - Euronext Milan - IT0005187460 - Common Stock - Currency: EUR

4.39  0 (0%)

Fundamental Rating

2

Taking everything into account, BFG scores 2 out of 10 in our fundamental rating. BFG was compared to 59 industry peers in the Food Products industry. BFG has a bad profitability rating. Also its financial health evaluation is rather negative. BFG is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

BFG had positive 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.
The reported operating cash flow has been mixed in the past 5 years: BFG reported negative operating cash flow in multiple years.
BFG.MI Yearly Net Income VS EBIT VS OCF VS FCFBFG.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50M -50M

1.2 Ratios

With a Return On Assets value of 0.50%, BFG is not doing good in the industry: 66.10% of the companies in the same industry are doing better.
With a Return On Equity value of 1.49%, BFG is not doing good in the industry: 66.10% of the companies in the same industry are doing better.
Looking at the Return On Invested Capital, with a value of 0.07%, BFG is doing worse than 76.27% of the companies in the same industry.
BFG had an Average Return On Invested Capital over the past 3 years of 0.26%. This is significantly below the industry average of 6.44%.
Industry RankSector Rank
ROA 0.5%
ROE 1.49%
ROIC 0.07%
ROA(3y)0.1%
ROA(5y)0.1%
ROE(3y)0.35%
ROE(5y)0.27%
ROIC(3y)0.26%
ROIC(5y)N/A
BFG.MI Yearly ROA, ROE, ROICBFG.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 1 2

1.3 Margins

BFG's Profit Margin of 0.84% is on the low side compared to the rest of the industry. BFG is outperformed by 66.10% of its industry peers.
BFG's Profit Margin has declined in the last couple of years.
BFG has a worse Operating Margin (0.10%) than 76.27% of its industry peers.
BFG's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 18.87%, BFG is not doing good in the industry: 79.66% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of BFG has declined.
Industry RankSector Rank
OM 0.1%
PM (TTM) 0.84%
GM 18.87%
OM growth 3Y-43.13%
OM growth 5YN/A
PM growth 3Y-61.91%
PM growth 5YN/A
GM growth 3Y-21.31%
GM growth 5Y-15.17%
BFG.MI Yearly Profit, Operating, Gross MarginsBFG.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 40 60 80

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3

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), BFG is destroying value.
BFG has more shares outstanding than it did 1 year ago.
The number of shares outstanding for BFG has been increased compared to 5 years ago.
Compared to 1 year ago, BFG has an improved debt to assets ratio.
BFG.MI Yearly Shares OutstandingBFG.MI Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M 250M
BFG.MI Yearly Total Debt VS Total AssetsBFG.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B 2B

2.2 Solvency

BFG has an Altman-Z score of 1.50. This is a bad value and indicates that BFG is not financially healthy and even has some risk of bankruptcy.
BFG has a Altman-Z score of 1.50. This is in the lower half of the industry: BFG underperforms 67.80% of its industry peers.
BFG has a Debt/Equity ratio of 0.29. This is a healthy value indicating a solid balance between debt and equity.
BFG has a Debt to Equity ratio of 0.29. This is amongst the best in the industry. BFG outperforms 84.75% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.29
Debt/FCF N/A
Altman-Z 1.5
ROIC/WACC0.01
WACC7.42%
BFG.MI Yearly LT Debt VS Equity VS FCFBFG.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 200M 400M 600M

2.3 Liquidity

A Current Ratio of 1.30 indicates that BFG should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.30, BFG is in line with its industry, outperforming 40.68% of the companies in the same industry.
A Quick Ratio of 0.94 indicates that BFG may have some problems paying its short term obligations.
BFG has a Quick ratio (0.94) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.3
Quick Ratio 0.94
BFG.MI Yearly Current Assets VS Current LiabilitesBFG.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M 1B

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5

3. Growth

3.1 Past

The Earnings Per Share has been growing slightly by 2.35% over the past year.
The earnings per share for BFG have been decreasing by -15.28% on average. This is quite bad
The Revenue has been growing slightly by 2.60% in the past year.
Measured over the past years, BFG shows a very strong growth in Revenue. The Revenue has been growing by 82.81% on average per year.
EPS 1Y (TTM)2.35%
EPS 3Y-15.28%
EPS 5YN/A
EPS Q2Q%201.18%
Revenue 1Y (TTM)2.6%
Revenue growth 3Y154.55%
Revenue growth 5Y82.81%
Sales Q2Q%3.83%

3.2 Future

The Earnings Per Share is expected to grow by 55.80% 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 7.98% on average per year.
EPS Next Y29.87%
EPS Next 2Y27.41%
EPS Next 3Y42.97%
EPS Next 5Y55.81%
Revenue Next Year18.3%
Revenue Next 2Y13.33%
Revenue Next 3Y11.68%
Revenue Next 5Y7.98%

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 decreasing.
BFG.MI Yearly Revenue VS EstimatesBFG.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 500M 1B 1.5B
BFG.MI Yearly EPS VS EstimatesBFG.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2017 2018 2019 2023 2024 2025 2026 2027 0 0.2 0.4 0.6

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1

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 109.75 indicates a quite expensive valuation of BFG.
Based on the Price/Earnings ratio, BFG is valued a bit more expensive than the industry average as 62.71% of the companies are valued more cheaply.
When comparing the Price/Earnings ratio of BFG to the average of the S&P500 Index (26.20), we can say BFG is valued expensively.
The Price/Forward Earnings ratio is 86.93, which means the current valuation is very expensive for BFG.
74.58% of the companies in the same industry are cheaper than BFG, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.13, BFG is valued quite expensively.
Industry RankSector Rank
PE 109.75
Fwd PE 86.93
BFG.MI Price Earnings VS Forward Price EarningsBFG.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80 100

4.2 Price Multiples

BFG's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. BFG is more expensive than 79.66% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 29.24
BFG.MI Per share dataBFG.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 2 3 4 5

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 42.97% in the coming years. This may justify a more expensive valuation.
PEG (NY)3.67
PEG (5Y)N/A
EPS Next 2Y27.41%
EPS Next 3Y42.97%

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1

5. Dividend

5.1 Amount

BFG has a Yearly Dividend Yield of 1.75%.
Compared to an average industry Dividend Yield of 3.21, BFG has a dividend in line with its industry peers.
BFG's Dividend Yield is slightly below the S&P500 average, which is at 2.40.
Industry RankSector Rank
Dividend Yield 1.75%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

BFG pays out 138.88% of its income as dividend. This is not a sustainable payout ratio.
DP138.88%
EPS Next 2Y27.41%
EPS Next 3Y42.97%
BFG.MI Yearly Income VS Free CF VS DividendBFG.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20M -20M 40M -40M 60M
BFG.MI Dividend Payout.BFG.MI Dividend Payout, showing the Payout Ratio.BFG.MI Dividend Payout.PayoutRetained Earnings

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BF SPA

BIT:BFG (5/29/2025, 7:00:00 PM)

4.39

0 (0%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)N/A N/A
Earnings (Next)N/A N/A
Inst Owners8.29%
Inst Owner ChangeN/A
Ins Owners47.46%
Ins Owner ChangeN/A
Market Cap1.15B
Analysts45.71
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.75%
Yearly Dividend0.04
Dividend Growth(5Y)N/A
DP138.88%
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)N/A
PT rev (3m)N/A
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 RankSector Rank
PE 109.75
Fwd PE 86.93
P/S 0.85
P/FCF N/A
P/OCF N/A
P/B 1.5
P/tB 2.2
EV/EBITDA 29.24
EPS(TTM)0.04
EY0.91%
EPS(NY)0.05
Fwd EY1.15%
FCF(TTM)-0.25
FCFYN/A
OCF(TTM)-0.05
OCFYN/A
SpS5.17
BVpS2.93
TBVpS1.99
PEG (NY)3.67
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0.5%
ROE 1.49%
ROCE 0.09%
ROIC 0.07%
ROICexc 0.09%
ROICexgc 0.12%
OM 0.1%
PM (TTM) 0.84%
GM 18.87%
FCFM N/A
ROA(3y)0.1%
ROA(5y)0.1%
ROE(3y)0.35%
ROE(5y)0.27%
ROIC(3y)0.26%
ROIC(5y)N/A
ROICexc(3y)0.34%
ROICexc(5y)N/A
ROICexgc(3y)0.44%
ROICexgc(5y)N/A
ROCE(3y)0.34%
ROCE(5y)N/A
ROICexcg growth 3Y22.96%
ROICexcg growth 5YN/A
ROICexc growth 3Y16.61%
ROICexc growth 5YN/A
OM growth 3Y-43.13%
OM growth 5YN/A
PM growth 3Y-61.91%
PM growth 5YN/A
GM growth 3Y-21.31%
GM growth 5Y-15.17%
F-Score4
Asset Turnover0.59
Health
Industry RankSector Rank
Debt/Equity 0.29
Debt/FCF N/A
Debt/EBITDA 5.15
Cap/Depr 125.19%
Cap/Sales 3.91%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.3
Quick Ratio 0.94
Altman-Z 1.5
F-Score4
WACC7.42%
ROIC/WACC0.01
Cap/Depr(3y)89.07%
Cap/Depr(5y)124.79%
Cap/Sales(3y)3.28%
Cap/Sales(5y)9.32%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)2.35%
EPS 3Y-15.28%
EPS 5YN/A
EPS Q2Q%201.18%
EPS Next Y29.87%
EPS Next 2Y27.41%
EPS Next 3Y42.97%
EPS Next 5Y55.81%
Revenue 1Y (TTM)2.6%
Revenue growth 3Y154.55%
Revenue growth 5Y82.81%
Sales Q2Q%3.83%
Revenue Next Year18.3%
Revenue Next 2Y13.33%
Revenue Next 3Y11.68%
Revenue Next 5Y7.98%
EBIT growth 1Y-92.53%
EBIT growth 3Y44.76%
EBIT growth 5YN/A
EBIT Next Year166.53%
EBIT Next 3Y63.95%
EBIT Next 5Y51.64%
FCF growth 1Y-842.37%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-146.68%
OCF growth 3YN/A
OCF growth 5YN/A