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NV Bekaert SAENXTBR:BEKB Stock Report

Market Cap €1.8b
Share Price
€35.80
My Fair Value
€41.9
14.6% undervalued intrinsic discount
1Y4.8%
7D4.4%
Portfolio Value
​
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NV Bekaert SA

ENXTBR:BEKB Stock Report

Market Cap: €1.8b

NV Bekaert (BEKB) Stock Overview

Provides steel wire transformation and coating technologies worldwide. More details

BEKB fundamental analysis
Snowflake Score
Valuation5/6
Future Growth2/6
Past Performance1/6
Financial Health6/6
Dividends4/6

Rewards

Trading at 55.2% below our estimate of its fair value

Earnings are forecast to grow 15.82% per year

Trading at good value compared to peers and industry

Risk Analysis

Large one-off items impacting financial results

Unstable dividend track record


BEKB Community Fair Values

Create Narrative

See what 22 others think this stock is worth. Follow their fair value or set your own to get alerts.

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NV Bekaert

Global Renewable Demand Will Drive Sustainable Infrastructure Expansion

Key Takeaways Structural growth in renewable energy and infrastructure, plus innovation in sustainable materials, positions Bekaert for sustained revenue and margin expansion. Geographic diversification and efficiency measures enhance resilience, enabling market share gains and future earnings growth as global demand rebounds.
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€41.9
FV
14.6% undervalued intrinsic discount
-0.36%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
8users have followed this narrative
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NV Bekaert

Overcapacity And Tightening Regulations Will Suppress Industry Margins

Key Takeaways Declining demand for steel products, combined with slow innovation and digital lag, threatens future growth and risks losing market share to more agile competitors. Heightened regulatory costs, operational disruptions, and economic volatility expose margins and revenue to persistent uncertainty and increased risk across markets.
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€32
FV
11.9% overvalued intrinsic discount
1.49%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
0users have followed this narrative
BEKB logo
NV Bekaert

Renewable Energy And Urbanization Will Drive High-Performance Wire Demand

Key Takeaways Operational discipline, capital redeployment, and sustainability leadership position Bekaert to outperform peers in both margin expansion and revenue growth amid sector transformation. Aggressive working capital management and targeted M&A support market share gains, recurring revenue, and exposure to surging infrastructure and energy transition themes.
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€55
FV
34.9% undervalued intrinsic discount
2.76%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
0users have followed this narrative
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NV Bekaert SA Competitors

Price History & Performance

Summary of share price highs, lows and changes for NV Bekaert
Historical stock prices
Current Share Price€35.80
52 Week High€40.30
52 Week Low€27.30
Beta1.47
1 Month Change-10.50%
3 Month Change-0.69%
1 Year Change4.80%
3 Year Change28.68%
5 Year Change96.06%
Change since IPO397.86%

Recent News & Updates

We Think NV Bekaert (EBR:BEKB) Can Stay On Top Of Its Debt

Sep 20
We Think NV Bekaert (EBR:BEKB) Can Stay On Top Of Its Debt

Recent updates

We Think NV Bekaert (EBR:BEKB) Can Stay On Top Of Its Debt

Sep 20
We Think NV Bekaert (EBR:BEKB) Can Stay On Top Of Its Debt

There Is A Reason NV Bekaert SA's (EBR:BEKB) Price Is Undemanding

Jun 27
There Is A Reason NV Bekaert SA's (EBR:BEKB) Price Is Undemanding

NV Bekaert (EBR:BEKB) Has Announced That It Will Be Increasing Its Dividend To €1.33

May 16
NV Bekaert (EBR:BEKB) Has Announced That It Will Be Increasing Its Dividend To €1.33

There May Be Some Bright Spots In NV Bekaert's (EBR:BEKB) Earnings

Mar 09
There May Be Some Bright Spots In NV Bekaert's (EBR:BEKB) Earnings
User avatar

Expanding Rubber Reinforcement Capacity In Indonesia And India Will Strengthen Future Presence

Focus on cost structure optimization and divestment from low-margin sectors to improve net margins and earnings through strategic resource allocation.

NV Bekaert SA's (EBR:BEKB) Business And Shares Still Trailing The Market

Dec 18
NV Bekaert SA's (EBR:BEKB) Business And Shares Still Trailing The Market

Investors Will Want NV Bekaert's (EBR:BEKB) Growth In ROCE To Persist

Oct 18
Investors Will Want NV Bekaert's (EBR:BEKB) Growth In ROCE To Persist

NV Bekaert (EBR:BEKB) Seems To Use Debt Quite Sensibly

Sep 09
NV Bekaert (EBR:BEKB) Seems To Use Debt Quite Sensibly

Investors Aren't Buying NV Bekaert SA's (EBR:BEKB) Earnings

Jul 27
Investors Aren't Buying NV Bekaert SA's (EBR:BEKB) Earnings

We Think NV Bekaert (EBR:BEKB) Can Stay On Top Of Its Debt

Jun 05
We Think NV Bekaert (EBR:BEKB) Can Stay On Top Of Its Debt

NV Bekaert (EBR:BEKB) Is Increasing Its Dividend To €1.26

May 01
NV Bekaert (EBR:BEKB) Is Increasing Its Dividend To €1.26

NV Bekaert (EBR:BEKB) Will Pay A Larger Dividend Than Last Year At €1.26

Apr 17
NV Bekaert (EBR:BEKB) Will Pay A Larger Dividend Than Last Year At €1.26

NV Bekaert (EBR:BEKB) Is Increasing Its Dividend To €1.26

Apr 03
NV Bekaert (EBR:BEKB) Is Increasing Its Dividend To €1.26

NV Bekaert's (EBR:BEKB) Dividend Will Be Increased To €1.26

Mar 19
NV Bekaert's (EBR:BEKB) Dividend Will Be Increased To €1.26

NV Bekaert's (EBR:BEKB) Shareholders Will Receive A Bigger Dividend Than Last Year

Mar 05
NV Bekaert's (EBR:BEKB) Shareholders Will Receive A Bigger Dividend Than Last Year

An Intrinsic Calculation For NV Bekaert SA (EBR:BEKB) Suggests It's 33% Undervalued

Jan 08
An Intrinsic Calculation For NV Bekaert SA (EBR:BEKB) Suggests It's 33% Undervalued

These 4 Measures Indicate That NV Bekaert (EBR:BEKB) Is Using Debt Reasonably Well

Dec 21
These 4 Measures Indicate That NV Bekaert (EBR:BEKB) Is Using Debt Reasonably Well

NV Bekaert (EBR:BEKB) Is Experiencing Growth In Returns On Capital

Dec 06
NV Bekaert (EBR:BEKB) Is Experiencing Growth In Returns On Capital

Are Investors Undervaluing NV Bekaert SA (EBR:BEKB) By 25%?

Oct 05
Are Investors Undervaluing NV Bekaert SA (EBR:BEKB) By 25%?

NV Bekaert (EBR:BEKB) Seems To Use Debt Quite Sensibly

Sep 18
NV Bekaert (EBR:BEKB) Seems To Use Debt Quite Sensibly

Investors Will Want NV Bekaert's (EBR:BEKB) Growth In ROCE To Persist

Aug 31
Investors Will Want NV Bekaert's (EBR:BEKB) Growth In ROCE To Persist

Is NV Bekaert SA (EBR:BEKB) Trading At A 41% Discount?

Jun 24
Is NV Bekaert SA (EBR:BEKB) Trading At A 41% Discount?

NV Bekaert (EBR:BEKB) Is Experiencing Growth In Returns On Capital

May 25
NV Bekaert (EBR:BEKB) Is Experiencing Growth In Returns On Capital

NV Bekaert's (EBR:BEKB) Upcoming Dividend Will Be Larger Than Last Year's

May 09
NV Bekaert's (EBR:BEKB) Upcoming Dividend Will Be Larger Than Last Year's

NV Bekaert's (EBR:BEKB) Upcoming Dividend Will Be Larger Than Last Year's

Apr 05
NV Bekaert's (EBR:BEKB) Upcoming Dividend Will Be Larger Than Last Year's

Is NV Bekaert SA (EBR:BEKB) Trading At A 45% Discount?

Mar 20
Is NV Bekaert SA (EBR:BEKB) Trading At A 45% Discount?

NV Bekaert (EBR:BEKB) Has Announced That It Will Be Increasing Its Dividend To €1.16

Mar 04
NV Bekaert (EBR:BEKB) Has Announced That It Will Be Increasing Its Dividend To €1.16

Is NV Bekaert (EBR:BEKB) A Risky Investment?

Mar 03
Is NV Bekaert (EBR:BEKB) A Risky Investment?

Returns At NV Bekaert (EBR:BEKB) Are On The Way Up

Oct 29
Returns At NV Bekaert (EBR:BEKB) Are On The Way Up

Here's Why NV Bekaert (EBR:BEKB) Can Manage Its Debt Responsibly

Oct 05
Here's Why NV Bekaert (EBR:BEKB) Can Manage Its Debt Responsibly

The Return Trends At NV Bekaert (EBR:BEKB) Look Promising

Jul 07
The Return Trends At NV Bekaert (EBR:BEKB) Look Promising

NV Bekaert (EBR:BEKB) Has A Pretty Healthy Balance Sheet

Jun 15
NV Bekaert (EBR:BEKB) Has A Pretty Healthy Balance Sheet

NV Bekaert (EBR:BEKB) Has Announced That It Will Be Increasing Its Dividend To €1.05

May 12
NV Bekaert (EBR:BEKB) Has Announced That It Will Be Increasing Its Dividend To €1.05

NV Bekaert (EBR:BEKB) Is Increasing Its Dividend To €1.05

Apr 28
NV Bekaert (EBR:BEKB) Is Increasing Its Dividend To €1.05

NV Bekaert (EBR:BEKB) Is Increasing Its Dividend To €1.05

Apr 12
NV Bekaert (EBR:BEKB) Is Increasing Its Dividend To €1.05

NV Bekaert's (EBR:BEKB) Upcoming Dividend Will Be Larger Than Last Year's

Mar 29
NV Bekaert's (EBR:BEKB) Upcoming Dividend Will Be Larger Than Last Year's

NV Bekaert's (EBR:BEKB) Upcoming Dividend Will Be Larger Than Last Year's

Feb 28
NV Bekaert's (EBR:BEKB) Upcoming Dividend Will Be Larger Than Last Year's

We Think NV Bekaert (EBR:BEKB) Can Manage Its Debt With Ease

Feb 27
We Think NV Bekaert (EBR:BEKB) Can Manage Its Debt With Ease

Estimating The Intrinsic Value Of NV Bekaert SA (EBR:BEKB)

Jan 23
Estimating The Intrinsic Value Of NV Bekaert SA (EBR:BEKB)

With EPS Growth And More, NV Bekaert (EBR:BEKB) Is Interesting

Jan 05
With EPS Growth And More, NV Bekaert (EBR:BEKB) Is Interesting

NV Bekaert (EBR:BEKB) Might Have The Makings Of A Multi-Bagger

Dec 19
NV Bekaert (EBR:BEKB) Might Have The Makings Of A Multi-Bagger

These 4 Measures Indicate That NV Bekaert (EBR:BEKB) Is Using Debt Reasonably Well

Oct 26
These 4 Measures Indicate That NV Bekaert (EBR:BEKB) Is Using Debt Reasonably Well

NV Bekaert SA (EBR:BEKB) Shares Could Be 26% Below Their Intrinsic Value Estimate

Sep 23
NV Bekaert SA (EBR:BEKB) Shares Could Be 26% Below Their Intrinsic Value Estimate

Returns Are Gaining Momentum At NV Bekaert (EBR:BEKB)

Sep 06
Returns Are Gaining Momentum At NV Bekaert (EBR:BEKB)

Shareholder Returns

BEKBBE Metals and MiningBE Market
7D4.4%2.5%-0.3%
1Y4.8%15.8%8.8%

Return vs Industry: BEKB underperformed the Belgian Metals and Mining industry which returned 15.8% over the past year.

Return vs Market: BEKB underperformed the Belgian Market which returned 8.8% over the past year.

Price Volatility

Is BEKB's price volatile compared to industry and market?
BEKB volatility
BEKB Average Weekly Movement4.6%
Metals and Mining Industry Average Movement7.7%
Market Average Movement3.4%
10% most volatile stocks in BE Market6.6%
10% least volatile stocks in BE Market1.9%

Stable Share Price: BEKB has not had significant price volatility in the past 3 months compared to the Belgian market.

Volatility Over Time: BEKB's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
188021,000Yves Kerstenswww.bekaert.com

NV Bekaert SA provides steel wire transformation and coating technologies worldwide. The company operates through four segments: Rubber Reinforcement, Steel Wire Solutions, Specialty Businesses, and Bridon-Bekaert Ropes Group. The Rubber Reinforcement Business segment develops, manufactures, and supplies steel cord and bead wire reinforcement solutions for the tire sector.

NV Bekaert SA Fundamentals Summary

How do NV Bekaert's earnings and revenue compare to its market cap?
BEKB fundamental statistics
Market cap€1.77b
Earnings (TTM)€173.95m
Revenue (TTM)€3.85b
10.3x
P/E Ratio
0.5x
P/S Ratio

Is BEKB overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BEKB income statement (TTM)
Revenue€3.85b
Cost of Revenue€3.22b
Gross Profit€628.77m
Other Expenses€454.82m
Earnings€173.95m

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

Feb 26, 2026

Earnings per share (EPS)3.48
Gross Margin16.33%
Net Profit Margin4.52%
Debt/Equity Ratio33.3%

How did BEKB perform over the long term?

See historical performance and comparison

Dividends

5.3%
Current Dividend Yield
57%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/24 17:46
End of Day Share Price 2025/10/24 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

NV Bekaert SA is covered by 9 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mourad LahmidiBNP Paribas Exane
Bin GaoBofA Global Research
Frank ClaassenDegroof Petercam