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BF SPA (BFG.MI) Stock Fundamental Analysis

BIT:BFG - IT0005187460 - Common Stock

4.31 EUR
-0.03 (-0.69%)
Last: 9/10/2025, 2:43:09 PM
Fundamental Rating

3

BFG gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 59 industry peers in the Food Products industry. BFG has a bad profitability rating. Also its financial health evaluation is rather negative. BFG is valued quite expensively, but it does show have an excellent growth rating.


Dividend Valuation Growth Profitability Health

2

1. Profitability

1.1 Basic Checks

In the past year BFG was profitable.
In the past year BFG has reported a negative cash flow from operations.
BFG had positive earnings in 4 of the past 5 years.
In multiple years BFG reported negative operating cash flow during the last 5 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 2024 0 50M -50M

1.2 Ratios

BFG has a Return On Assets of 0.50%. This is in the lower half of the industry: BFG underperforms 69.49% of its industry peers.
BFG has a Return On Equity of 1.49%. This is in the lower half of the industry: BFG underperforms 69.49% of its industry peers.
BFG has a Return On Invested Capital of 0.07%. This is amonst the worse of the industry: BFG underperforms 81.36% of its industry peers.
Industry RankSector Rank
ROA 0.5%
ROE 1.49%
ROIC 0.07%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
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 2024 0 1 2

1.3 Margins

Looking at the Profit Margin, with a value of 0.84%, BFG is doing worse than 69.49% of the companies in the same industry.
In the last couple of years the Profit Margin of BFG has grown nicely.
BFG has a Operating Margin of 0.10%. This is amonst the worse of the industry: BFG underperforms 81.36% of its industry peers.
BFG's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 18.87%, BFG is doing worse than 83.05% of the companies in the same industry.
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 3Y30.96%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5Y93.88%
GM growth 3Y6.13%
GM growth 5Y-2.82%
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 2024 0 20 40 60 80

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 no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
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 1.49. This is a bad value and indicates that BFG is not financially healthy and even has some risk of bankruptcy.
BFG's Altman-Z score of 1.49 is on the low side compared to the rest of the industry. BFG is outperformed by 72.88% 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 83.05% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.29
Debt/FCF N/A
Altman-Z 1.49
ROIC/WACC0.01
WACC7.12%
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

BFG has a Current Ratio of 1.30. This is a normal value and indicates that BFG is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.30, BFG perfoms like the industry average, outperforming 49.15% 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.
Looking at the Quick ratio, with a value of 0.94, BFG is in line with its industry, outperforming 55.93% of the companies in the same 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

8

3. Growth

3.1 Past

BFG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 876.34%, which is quite impressive.
The Earnings Per Share has been growing by 230.78% on average over the past years. This is a very strong growth
The Revenue has grown by 60.51% in the past year. This is a very strong growth!
Measured over the past years, BFG shows a very strong growth in Revenue. The Revenue has been growing by 81.93% on average per year.
EPS 1Y (TTM)876.34%
EPS 3YN/A
EPS 5Y230.78%
EPS Q2Q%614.29%
Revenue 1Y (TTM)60.51%
Revenue growth 3Y70.81%
Revenue growth 5Y81.93%
Sales Q2Q%121.97%

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
BFG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.74% yearly.
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

The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
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

1

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 47.89, which means the current valuation is very expensive for BFG.
Based on the Price/Earnings ratio, BFG is valued a bit more expensive than the industry average as 69.49% of the companies are valued more cheaply.
When comparing the Price/Earnings ratio of BFG to the average of the S&P500 Index (27.07), we can say BFG is valued expensively.
Based on the Price/Forward Earnings ratio of 85.35, the valuation of BFG can be described as expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BFG indicates a slightly more expensive valuation: BFG is more expensive than 74.58% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.59. BFG is valued rather expensively when compared to this.
Industry RankSector Rank
PE 47.89
Fwd PE 85.35
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

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, BFG is valued expensively inside the industry as 86.44% of the companies are valued cheaper.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 28.94
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 BFG does not grow enough to justify the current Price/Earnings ratio.
BFG's earnings are expected to grow with 65.55% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.92
PEG (5Y)0.21
EPS Next 2Y50%
EPS Next 3Y65.55%

1

5. Dividend

5.1 Amount

BFG has a Yearly Dividend Yield of 1.74%.
BFG's Dividend Yield is comparable with the industry average which is at 3.25.
BFG's Dividend Yield is slightly below the S&P500 average, which is at 2.46.
Industry RankSector Rank
Dividend Yield 1.74%

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 2Y50%
EPS Next 3Y65.55%
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 2024 0 20M -20M 40M -40M 60M
BFG.MI Dividend Payout.BFG.MI Dividend Payout, showing the Payout Ratio.BFG.MI Dividend Payout.PayoutRetained Earnings

BF SPA

BIT:BFG (9/10/2025, 2:43:09 PM)

4.31

-0.03 (-0.69%)

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 Cap1.13B
Analysts45.71
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.74%
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 47.89
Fwd PE 85.35
P/S 0.83
P/FCF N/A
P/OCF N/A
P/B 1.47
P/tB 2.16
EV/EBITDA 28.94
EPS(TTM)0.09
EY2.09%
EPS(NY)0.05
Fwd EY1.17%
FCF(TTM)-0.25
FCFYN/A
OCF(TTM)-0.05
OCFYN/A
SpS5.17
BVpS2.93
TBVpS1.99
PEG (NY)1.92
PEG (5Y)0.21
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)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y30.96%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5Y93.88%
GM growth 3Y6.13%
GM growth 5Y-2.82%
F-Score3
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 1.49
F-Score3
WACC7.12%
ROIC/WACC0.01
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)876.34%
EPS 3YN/A
EPS 5Y230.78%
EPS Q2Q%614.29%
EPS Next Y25%
EPS Next 2Y50%
EPS Next 3Y65.55%
EPS Next 5YN/A
Revenue 1Y (TTM)60.51%
Revenue growth 3Y70.81%
Revenue growth 5Y81.93%
Sales Q2Q%121.97%
Revenue Next Year8.56%
Revenue Next 2Y8.52%
Revenue Next 3Y4.74%
Revenue Next 5YN/A
EBIT growth 1Y-92.53%
EBIT growth 3Y123.69%
EBIT growth 5YN/A
EBIT Next Year350%
EBIT Next 3Y89.11%
EBIT Next 5YN/A
FCF growth 1Y-322.23%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-123.98%
OCF growth 3YN/A
OCF growth 5YN/A