BLUEGREEN VACATIONS HOLDING (BVH)
US0963081015 - Common Stock
We assign a fundamental rating of 4 out of 10 to BVH. BVH was compared to 135 industry peers in the Hotels, Restaurants & Leisure industry. BVH has a medium profitability rating, but doesn't score so well on its financial health evaluation. BVH is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year BVH was profitable.
In the past year BVH has reported a negative cash flow from operations.
Of the past 5 years BVH 4 years were profitable.
BVH had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
BVH has a better Return On Assets (4.01%) than 63.97% of its industry peers.
With an excellent Return On Equity value of 28.03%, BVH belongs to the best of the industry, outperforming 82.35% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 2.92%, BVH is doing worse than 61.76% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.01% | ||
| ROE | 28.03% | ||
| ROIC | 2.92% |
ROA(3y)1%
ROA(5y)1.21%
ROE(3y)6.26%
ROE(5y)5.68%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 7.14%, BVH is in the better half of the industry, outperforming 67.65% of the companies in the same industry.
BVH's Profit Margin has declined in the last couple of years.
BVH has a Operating Margin (6.22%) which is in line with its industry peers.
BVH's Operating Margin has improved in the last couple of years.
BVH has a Gross Margin of 74.21%. This is amongst the best in the industry. BVH outperforms 86.76% of its industry peers.
In the last couple of years the Gross Margin of BVH has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.22% | ||
| PM (TTM) | 7.14% | ||
| GM | 74.21% |
OM growth 3YN/A
OM growth 5Y37.7%
PM growth 3Y42.53%
PM growth 5Y-6%
GM growth 3Y0.98%
GM growth 5Y2%
2. Health
2.1 Basic Checks
BVH has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for BVH has been reduced compared to 1 year ago.
BVH has less shares outstanding than it did 5 years ago.
The debt/assets ratio for BVH is higher compared to a year ago.
2.2 Solvency
BVH has an Altman-Z score of 1.87. This is not the best score and indicates that BVH is in the grey zone with still only limited risk for bankruptcy at the moment.
BVH's Altman-Z score of 1.87 is in line compared to the rest of the industry. BVH outperforms 56.62% of its industry peers.
BVH has a Debt/Equity ratio of 4.16. This is a high value indicating a heavy dependency on external financing.
BVH has a worse Debt to Equity ratio (4.16) than 61.03% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.16 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.87 |
ROIC/WACC0.36
WACC8.05%
2.3 Liquidity
A Current Ratio of 3.48 indicates that BVH has no problem at all paying its short term obligations.
With an excellent Current ratio value of 3.48, BVH belongs to the best of the industry, outperforming 95.59% of the companies in the same industry.
A Quick Ratio of 0.88 indicates that BVH may have some problems paying its short term obligations.
BVH has a Quick ratio of 0.88. This is comparable to the rest of the industry: BVH outperforms 50.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.48 | ||
| Quick Ratio | 0.88 |
3. Growth
3.1 Past
BVH shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 8.80%, which is quite good.
The Earnings Per Share has been decreasing by -4.32% on average over the past years.
Looking at the last year, BVH shows a quite strong growth in Revenue. The Revenue has grown by 9.29% in the last year.
The Revenue has been growing slightly by 0.90% on average over the past years.
EPS 1Y (TTM)8.8%
EPS 3Y6.82%
EPS 5Y-4.32%
EPS growth Q2Q5.04%
Revenue 1Y (TTM)9.29%
Revenue growth 3Y7.91%
Revenue growth 5Y0.9%
Revenue growth Q2Q4.44%
3.2 Future
Based on estimates for the next years, BVH will show a very strong growth in Earnings Per Share. The EPS will grow by 26.72% on average per year.
Based on estimates for the next years, BVH will show a small growth in Revenue. The Revenue will grow by 6.08% on average per year.
EPS Next Y31.02%
EPS Next 2Y26.72%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year10.92%
Revenue Next 2Y6.08%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last 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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 20.22 indicates a rather expensive valuation of BVH.
68.38% of the companies in the same industry are more expensive than BVH, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 24.84, BVH is valued at the same level.
With a Price/Forward Earnings ratio of 14.46, BVH is valued correctly.
Based on the Price/Forward Earnings ratio, BVH is valued a bit cheaper than the industry average as 77.94% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 21.35. BVH is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.22 | ||
| Fwd PE | 14.46 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BVH is valued a bit more expensive than 73.53% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 31.4 |
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.
BVH's earnings are expected to grow with 26.72% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.65
PEG (5Y)N/A
EPS Next 2Y26.72%
EPS Next 3YN/A
5. Dividend
5.1 Amount
BVH has a Yearly Dividend Yield of 1.07%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 2.56, BVH pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.41, BVH's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.07% |
5.2 History
The dividend of BVH is nicely growing with an annual growth rate of 27.35%!
BVH has been paying a dividend for over 5 years, so it has already some track record.
The dividend of BVH decreased recently.
Dividend Growth(5Y)27.35%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
21.23% of the earnings are spent on dividend by BVH. This is a low number and sustainable payout ratio.
BVH's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP21.23%
EPS Next 2Y26.72%
EPS Next 3YN/A
BLUEGREEN VACATIONS HOLDING
NYSE:BVH (1/16/2024, 7:13:22 PM)
After market: 75 0 (0%)75
+0.01 (+0.01%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.55B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.07% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.22 | ||
| Fwd PE | 14.46 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.65
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.01% | ||
| ROE | 28.03% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 6.22% | ||
| PM (TTM) | 7.14% | ||
| GM | 74.21% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.56
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.16 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 3.48 | ||
| Quick Ratio | 0.88 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)8.8%
EPS 3Y6.82%
EPS 5Y
EPS growth Q2Q
EPS Next Y31.02%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)9.29%
Revenue growth 3Y7.91%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y