NV Bekaert（BEKB）株式概要NV Bekaert SAは、スチールワイヤの加工とコーティング技術を世界中に提供しています。 詳細BEKB ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長3/6過去の実績0/6財務の健全性6/6配当金4/6報酬当社が推定した公正価値より41%で取引されている 収益は年間31.36%増加すると予測されています リスク分析利益率(1.8%)は昨年より低い(6%) 財務結果に影響を与える大きな一時的項目 4.82%の配当は利益で十分にカバーされていない すべてのリスクチェックを見るBEKB Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€40.7528.6% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture05b2016201920222025202620282031Revenue €4.0bEarnings €72.0mAdvancedSet Fair ValueView all narrativesNV Bekaert SA 競合他社VoestalpineSymbol: WBAG:VOEMarket cap: €7.7bAMAG Austria MetallSymbol: WBAG:AMAGMarket cap: €990.9mMayr-Melnhof KartonSymbol: WBAG:MMKMarket cap: €1.6bWienerbergerSymbol: WBAG:WIEMarket cap: €2.5b価格と性能株価の高値、安値、推移の概要NV Bekaert過去の株価現在の株価€40.7552週高値€44.8552週安値€33.15ベータ1.171ヶ月の変化-2.51%3ヶ月変化-7.49%1年変化21.10%3年間の変化-0.074%5年間の変化1.37%IPOからの変化14.53%最新ニュースお知らせ • May 13NV Bekaert SA Approves Dividend, Payable on May 19, 2026NV Bekaert SA at the annual general meeting of shareholders held on May 13, 2026 approved the distribution of a gross dividend of €1.95 per share. The dividend ex-date is 15 May 2026. The dividend will be payable on 19 May 2026.Declared Dividend • May 13Dividend of €1.37 announcedShareholders will receive a dividend of €1.37. Ex-date: 15th May 2026 Payment date: 19th May 2026 Dividend yield will be 3.2%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is not covered by earnings (147% earnings payout ratio). However, it is well covered by cash flows (34% cash payout ratio). The dividend has increased by an average of 8.0% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 63% to bring the payout ratio under control. EPS is expected to grow by 135% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.Board Change • May 13Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Tony Haag was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • May 11Bekaert Announces CEO ChangesBekaert has appointed Olivier Biebuyck as Chief Executive Officer. His extensive experience in leading, growing and transforming global industrial businesses, both organically and through acquisitions, will be a key enabler in delivering on Bekaert’s strategic ambitions for the future. The appointment takes effect on June 1, 2026. Yves Kerstens, current Chief Executive Officer and member of the Board of Directors of Bekaert, will conclude his mandate on May 31, 2026 after having led the company over the past years.Board Change • Mar 25Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Director Henriette Ellekrog was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.New Risk • Mar 09New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 57% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (147% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.8% net profit margin).最新情報をもっと見るRecent updatesお知らせ • May 13NV Bekaert SA Approves Dividend, Payable on May 19, 2026NV Bekaert SA at the annual general meeting of shareholders held on May 13, 2026 approved the distribution of a gross dividend of €1.95 per share. The dividend ex-date is 15 May 2026. The dividend will be payable on 19 May 2026.Declared Dividend • May 13Dividend of €1.37 announcedShareholders will receive a dividend of €1.37. Ex-date: 15th May 2026 Payment date: 19th May 2026 Dividend yield will be 3.2%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is not covered by earnings (147% earnings payout ratio). However, it is well covered by cash flows (34% cash payout ratio). The dividend has increased by an average of 8.0% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 63% to bring the payout ratio under control. EPS is expected to grow by 135% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.Board Change • May 13Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Tony Haag was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • May 11Bekaert Announces CEO ChangesBekaert has appointed Olivier Biebuyck as Chief Executive Officer. His extensive experience in leading, growing and transforming global industrial businesses, both organically and through acquisitions, will be a key enabler in delivering on Bekaert’s strategic ambitions for the future. The appointment takes effect on June 1, 2026. Yves Kerstens, current Chief Executive Officer and member of the Board of Directors of Bekaert, will conclude his mandate on May 31, 2026 after having led the company over the past years.Board Change • Mar 25Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Director Henriette Ellekrog was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.New Risk • Mar 09New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 57% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (147% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.8% net profit margin).Board Change • Mar 06Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Director Henriette Ellekrog was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Declared Dividend • Mar 06Dividend of €1.37 announcedShareholders will receive a dividend of €1.37. Ex-date: 15th May 2026 Payment date: 19th May 2026 Dividend yield will be 3.3%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 8.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 163% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Feb 26Nv Bekaert Sa Proposes Dividend for 2025NV Bekaert SA Proposed dividend increase from €1.90 to €1.95 per share, alongside ongoing €200 million share buyback for 2025.お知らせ • Jan 29NV Bekaert SA (ENXTBR:BEKB) reached an agreement to acquire Bridgestone Metalpha (Thailand) Company Limited and Bridgestone (Shenyang) Steel Cord Co., Ltd. from Bridgestone Corporation (TSE:5108) for €60 million.NV Bekaert SA (ENXTBR:BEKB) reached an agreement to acquire Bridgestone Metalpha (Thailand) Company Limited and Bridgestone (Shenyang) Steel Cord Co., Ltd. from Bridgestone Corporation (TSE:5108) for €60 million on January 27, 2026. A cash consideration of €60 million will be paid by NV Bekaert SA. The transaction will be financed from available cash balances of NV Bekaert SA. The transaction is estimated to add approximately €80 million to Bekaert's consolidated sales on an annual basis. The transaction is part of the business restructuring and rebuilding in Bridgestone’s Mid-Term Business Plan (2024–2026), aimed at reinforcing business quality across the value chain. The transaction is subject to applicable regulatory approvals and customary closing conditions and is expected to close in the first half of 2026.Board Change • Jan 21Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Director Henriette Ellekrog was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Nov 22Nv Bekaert Sa Provides Earnings Guidance for the Fiscal Year 2025NV Bekaert SA provides earnings guidance for the fiscal year 2025. For the period, the company expects sales of around €3.7 billion for Fiscal Year 2025.Board Change • Nov 11Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Director Henriette Ellekrog was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Oct 23+ 3 more updatesNV Bekaert SA to Report Q3, 2026 Results on Nov 27, 2026NV Bekaert SA announced that they will report Q3, 2026 results on Nov 27, 2026Board Change • Oct 17Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Director Henriette Ellekrog was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Sep 19Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Director Henriette Ellekrog was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Aug 05First half 2025 earnings released: EPS: €1.59 (vs €2.80 in 1H 2024)First half 2025 results: EPS: €1.59 (down from €2.80 in 1H 2024). Revenue: €1.95b (down 5.2% from 1H 2024). Net income: €81.7m (down 44% from 1H 2024). Profit margin: 4.2% (down from 7.1% in 1H 2024). Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.Board Change • Jul 25Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Director Henriette Ellekrog was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Jul 03Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Director Henriette Ellekrog was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.New Risk • Jun 01New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.4% average weekly change).Board Change • May 23Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Director Henriette Ellekrog was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €29.42, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 10x in the Metals and Mining industry in Europe. Total loss to shareholders of 7.6% over the past three years.Reported Earnings • Apr 02Full year 2024 earnings released: EPS: €4.56 (vs €4.75 in FY 2023)Full year 2024 results: EPS: €4.56 (down from €4.75 in FY 2023). Revenue: €3.96b (down 8.6% from FY 2023). Net income: €238.9m (down 6.2% from FY 2023). Profit margin: 6.0% (up from 5.9% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.お知らせ • Mar 03NV Bekaert SA, Annual General Meeting, May 14, 2025NV Bekaert SA, Annual General Meeting, May 14, 2025.Reported Earnings • Mar 02Full year 2024 earnings released: EPS: €4.56 (vs €4.75 in FY 2023)Full year 2024 results: EPS: €4.56 (down from €4.75 in FY 2023). Revenue: €3.96b (down 8.6% from FY 2023). Net income: €238.9m (down 6.2% from FY 2023). Profit margin: 6.0% (up from 5.9% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has remained flat, which means it is well ahead of earnings.Board Change • Feb 28Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Henriette Ellekrog was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Feb 28+ 1 more updateNV Bekaert SA Proposes Dividend for the Year 2024NV Bekaert SA's Board of Directors is committed to maintaining a strategic capital allocation policy, balancing investment in future growth and innovation, with maintaining a strong balance sheet and growing shareholder returns over time. The group is continuing its policy of progressively growing the dividend year-on-year and announced a gross dividend of €1.90 per share (an increase of 6% y-on-y), to be proposed by the Board at the Annual General Meeting of Shareholders in May 2025. This proposed dividend to shareholders would be alongside the ongoing buyback of up to €200 million of Bekaert shares.Board Change • Feb 13Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Henriette Ellekrog was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Jan 07Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Henriette Ellekrog was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Nov 22NV Bekaert SA Provides Consolidated Earnings Guidance for the Financial Year 2024NV Bekaert SA provided consolidated earnings guidance for the financial year 2024. Consolidated sales slightly below €4 billion reflecting the ongoing effects of lower volumes and pricing and EBIT in the range of €340 million to €350 million.Board Change • Nov 19Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Henriette Ellekrog was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Nov 08+ 2 more updatesNV Bekaert SA to Report Fiscal Year 2024 Results on Feb 28, 2025NV Bekaert SA announced that they will report fiscal year 2024 results on Feb 28, 2025Reported Earnings • Aug 01First half 2024 earnings released: EPS: €2.80 (vs €2.71 in 1H 2023)First half 2024 results: EPS: €2.80 (up from €2.71 in 1H 2023). Revenue: €2.06b (down 11% from 1H 2023). Net income: €146.7m (flat on 1H 2023). Profit margin: 7.1% (up from 6.3% in 1H 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.お知らせ • Jul 26NV Bekaert SA Reaffirms Earnings Guidance for the Year 2024NV Bekaert SA reaffirmed earnings guidance for the year 2024. The company’s resilient financial performance in first half and robust financial position gives confidence in its ability to further deliver on its strategic and financial priorities. There have been delays to some growth businesses and in this environment, management now expects a modest decline in sales in fiscal year 2024 against fiscal year 2023.Declared Dividend • Mar 11Dividend of €1.26 announcedShareholders will receive a dividend of €1.26. Ex-date: 10th May 2024 Payment date: 14th May 2024 Dividend yield will be 2.7%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (44% cash payout ratio). The dividend has increased by an average of 7.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Buy Or Sell Opportunity • Mar 07Now 21% undervaluedOver the last 90 days, the stock has risen 7.6% to €46.32. The fair value is estimated to be €58.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 2.7% per annum. Earnings are also forecast to grow by 8.1% per annum over the same time period.Reported Earnings • Mar 05Full year 2023 earnings released: EPS: €4.75 (vs €4.78 in FY 2022)Full year 2023 results: EPS: €4.75 (down from €4.78 in FY 2022). Revenue: €4.33b (down 23% from FY 2022). Net income: €254.6m (down 5.3% from FY 2022). Profit margin: 5.9% (up from 4.8% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.お知らせ • Mar 03+ 2 more updatesNV Bekaert SA to Report Fiscal Year 2023 Final Results on Mar 29, 2024NV Bekaert SA announced that they will report fiscal year 2023 final results on Mar 29, 2024お知らせ • Nov 17NV Bekaert SA Provides Earnings Guidance for the Year 2023NV Bekaert SA provided earnings guidance for the year 2023. For the year, the company expects Consolidated sales of approximately €4.3 billion reflecting the ongoing reversal of raw material cost inflation and the normalization of energy surcharges in 2022 .EBIT margin in the range of 8.5-8.7% (up from 8.2% last year).Board Change • Nov 02Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Henriette Ellekrog was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.New Risk • Oct 27New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.6% net profit margin). Shareholders have been diluted in the past year (5.5% increase in shares outstanding).Board Change • Oct 20Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Henriette Ellekrog was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.New Risk • Oct 07New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.6% net profit margin). Shareholders have been diluted in the past year (2.2% increase in shares outstanding).Reported Earnings • Aug 03First half 2023 earnings released: EPS: €2.71 (vs €3.80 in 1H 2022)First half 2023 results: EPS: €2.71 (down from €3.80 in 1H 2022). Revenue: €2.32b (down 8.2% from 1H 2022). Net income: €146.7m (down 32% from 1H 2022). Profit margin: 6.3% (down from 8.6% in 1H 2022). Revenue is forecast to decline by 2.2% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Jul 30New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.6% net profit margin).お知らせ • Jul 28+ 1 more updateBekaert Announces Board ChangesOswald Schmid, Chief Executive Officer and member of the Board of Directors of Bekaert, will retire on 31 August 2023 after having led the company successfully over the past three years. He also will step down as Director on the same date. The Board of Directors of Bekaert has appointed Yves Kerstensas Chief Executive Officer. Yves was already a member of the Bekaert Group Executive and was Divisional CEO of Bekaert’s Specialty Businesses. The appointment takes effect on 1 September 2023. The Board of Directors will coopt Yves Kerstens as Director until the Annual General Meeting of Shareholders to be held in May 2024.Board Change • May 20Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 2 highly experienced directors. 4 independent directors (7 non-independent directors). Independent Director Henriette Ellekrog was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • May 11Nv Bekaert Sa Approves Dividend, Payable on May 15, 2023NV Bekaert SA announced at the AGM held on Mau 10, 2023 that the company approved distribution of a gross dividend of €1.65 per share. The dividend ex-date is 11 May 2023. The dividend will be payable on 15 May 2023 by the following banks: ING Belgium, Bank Degroof Petercam, BNP Paribas Fortis, KBC Bank and Belfius Bank in Belgium, Société Générale in France, ABN AMRO Bank in the Netherlands and UBS in Switzerland.お知らせ • May 10NV Bekaert SA Provides Earnings Guidance for the Year 2023NV Bekaert SA provided earnings guidance for the year 2023. For the year, the company increases confidence in the delivery of expectations in 2023 and profitability ambitions of 9%-11% EBIT margin in the medium term, which remain unchanged.Upcoming Dividend • May 04Upcoming dividend of €1.16 per share at 3.9% yieldEligible shareholders must have bought the stock before 11 May 2023. Payment date: 15 May 2023. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of Austrian dividend payers (5.2%). Lower than average of industry peers (8.7%).Board Change • Apr 14Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Henriette Ellekrog was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Mar 10Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Henriette Ellekrog was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Feb 03Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Henriette Ellekrog was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Jan 18Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Henriette Ellekrog was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Dec 23+ 3 more updatesNV Bekaert SA to Report Q2, 2023 Results on Jul 28, 2023NV Bekaert SA announced that they will report Q2, 2023 results on Jul 28, 2023お知らせ • Nov 18NV Bekaert SA Provides Earnings Guidance for the Year 2022NV Bekaert SA provided earnings guidance for the year 2022. The management currently anticipates for the full year 2022. Consolidated sales of approximately €5.7 billion, an increase by + €900 million compared with last year resulting from decisive price management and structural mix improvements. As a result, underlying EBIT is expected to be in the range of €450 million - EUR 460 million. The profitability ambitions for the medium term remain unchanged.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Henriette Ellekrog was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Jul 29First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €208.1m from profit in 1H 2021). Profit margin: (down from 9.0% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is expected to shrink by 3.8% compared to a 26% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.お知らせ • May 12+ 1 more updateNV Bekaert SA Approves DividendNV Bekaert SA at its annual general meeting, held on May 11, 2022, approved a gross dividend of €1.50, The dividend ex-date is 12 May 2022. The dividend will be payable on 16 May 2022.Upcoming Dividend • May 05Upcoming dividend of €1.05 per shareEligible shareholders must have bought the stock before 12 May 2022. Payment date: 16 May 2022. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of Austrian dividend payers (4.6%). Lower than average of industry peers (7.8%).お知らせ • May 04NV Bekaert SA, Annual General Meeting, May 11, 2022NV Bekaert SA, Annual General Meeting, May 11, 2022, at 10:30 Central European Standard Time. Location: Kortrijk Xpo Meeting Center, Doorniksesteenweg 216 (P6) Kortrijk BelgiumReported Earnings • Mar 29Full year 2021 earnings released: EPS: €7.14 (vs €2.38 in FY 2020)Full year 2021 results: EPS: €7.14 (up from €2.38 in FY 2020). Revenue: €4.84b (up 28% from FY 2020). Net income: €407.0m (up 202% from FY 2020). Profit margin: 8.4% (up from 3.6% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to stay flat compared to a 31% growth forecast for the mining industry in Austria. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Mar 04Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to €34.10, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 6x in the Metals and Mining industry in Europe. Total returns to shareholders of 62% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €56.05 per share.Reported Earnings • Feb 27Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: €7.14 (up from €2.38 in FY 2020). Revenue: €4.84b (up 28% from FY 2020). Net income: €407.0m (up 202% from FY 2020). Profit margin: 8.4% (up from 3.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.2%. Over the next year, revenue is expected to shrink by 2.6% compared to a 8.8% growth forecast for the mining industry in Austria. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Feb 25Now 21% undervaluedOver the last 90 days, the stock is up 12%. The fair value is estimated to be €50.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.6% per annum over the last 3 years. Earnings per share has grown by 46% per annum over the last 3 years.お知らせ • Feb 25Bekaert Proposes DividendThe Board of Bekaert will proposed the Annual General Meeting of Shareholders in May of 2022 a 50% gross dividend increase to €1.50 per share.Reported Earnings • Aug 05First half 2021 earnings released: EPS €3.66 (vs €0.59 in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €2.31b (up 30% from 1H 2020). Net income: €208.1m (up €174.7m from 1H 2020). Profit margin: 9.0% (up from 1.9% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.お知らせ • May 13NV Bekaert SA Approves Gross Dividend, Payable on 18 May 2021NV Bekaert SA approved a gross dividend of €1.00 at the AGM held on May 12, 2021. For the dividend ex-date is 14 May 2021, the dividend will be payable on 18 May 2021.Upcoming Dividend • May 08Upcoming dividend of €0.70 per shareEligible shareholders must have bought the stock before 14 May 2021. Payment date: 18 May 2021. Trailing yield: 2.6%. Lower than top quartile of Austrian dividend payers (3.2%). Lower than average of industry peers (4.3%).Reported Earnings • Mar 30Full year 2020 earnings released: EPS €2.38 (vs €0.73 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: €3.77b (down 13% from FY 2019). Net income: €134.7m (up 226% from FY 2019). Profit margin: 3.6% (up from 1.0% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has remained flat, which means it is well ahead of earnings.お知らせ • Mar 11NV Bekaert SA, Annual General Meeting, May 12, 2021NV Bekaert SA, Annual General Meeting, May 12, 2021, at 10:00 Central European Standard Time.お知らせ • Mar 04Bekaert Names Oswald Schmid as Chief Executive OfficerThe Board of Directors of Bekaert has appointed Oswald Schmid as Chief Executive Officer. Oswald Schmidhas been leading the Bekaert Group Executive as interim CEO since 13 May 2020, when he was appointed member of the Board of Directors. The appointment of Oswald Schmid as CEO of Bekaert takes immediate effect.Is New 90 Day High Low • Feb 25New 90-day high: €31.10The company is up 19% from its price of €26.08 on 27 November 2020. The Austrian market is up 17% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €13.40 per share.Is New 90 Day High Low • Jan 06New 90-day high: €28.76The company is up 58% from its price of €18.19 on 08 October 2020. The Austrian market is up 27% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 29% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.32 per share.Is New 90 Day High Low • Dec 04New 90-day high: €27.22The company is up 52% from its price of €17.92 on 04 September 2020. The Austrian market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.13 per share.Is New 90 Day High Low • Nov 11New 90-day high: €20.58The company is up 19% from its price of €17.36 on 13 August 2020. The Austrian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €29.09 per share.Is New 90 Day High Low • Oct 16New 90-day high: €19.31The company is up 10.0% from its price of €17.53 on 17 July 2020. The Austrian market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.30 per share.お知らせ • Sep 30+ 1 more updateBMB - Belgo-Mineira Bekaert Artefatos de Arame Ltda. signed an agreement to acquire 55.5% stake in Steel Cord Entity in Sumaré from NV Bekaert SA (ENXTBR:BEKB) for $63 million.BMB - Belgo-Mineira Bekaert Artefatos de Arame Ltda. signed an agreement to acquire 55.5% stake in Steel Cord Entity in Sumaré from NV Bekaert SA (ENXTBR:BEKB) for $63 million on April 26, 2017. Under the terms of transaction, BMB - Belgo-Mineira Bekaert Artefatos de Arame Ltda. agreed to pay a total cash consideration of $63 million, of which $58 million was settled on closing date and $5 million to be paid subsequently upon conclusion of certain business restructuring measure by Bekaert. Upon closing, Bekaert Sumaré Ltda subsequently renamed ArcelorMittal Bekaert Sumaré Ltda. The deal is subject to customary closing conditions and approval of antitrust authority, Cade. The transaction is expected to be completed in the second quarter of 2017.お知らせ • Sep 26The management of Bekaert-Stanwick acquired the entire share ownership of Bekaert-Stanwick from NV Bekaert SA (ENXTBR: BEKB).The management of Bekaert-Stanwick acquired the entire share ownership of Bekaert-Stanwick from NV Bekaert SA (ENXTBR: BEKB) on December 19, 2003. Bekaert-Stanwick achieved a turnover of approximately €5 million in 2002. In a related transaction, NV Bekaert SA also sold Bekaert Consulting to Bekaert Consulting's management. The management of Bekaert-Stanwick completed the acquisition of the entire share ownership of Bekaert-Stanwick from NV Bekaert SA (ENXTBR: BEKB) on December 19, 2003.株主還元BEKBAT Metals and MiningAT 市場7D-5.8%-4.7%-0.4%1Y21.1%85.8%24.5%株主還元を見る業界別リターン: BEKB過去 1 年間で85.8 % の収益を上げたAustrian Metals and Mining業界を下回りました。リターン対市場: BEKBは、過去 1 年間で24.5 % のリターンを上げたAustrian市場を下回りました。価格変動Is BEKB's price volatile compared to industry and market?BEKB volatilityBEKB Average Weekly Movement4.6%Metals and Mining Industry Average Movement8.5%Market Average Movement4.9%10% most volatile stocks in AT Market6.8%10% least volatile stocks in AT Market2.8%安定した株価: BEKB 、 Austrian市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: BEKBの 週次ボラティリティ ( 5% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト188018,317Yves Kerstenswww.bekaert.comNV Bekaert SA はスチールワイヤの加工とコーティング技術を世界中に提供している。同社は4つのセグメントで事業を展開：ゴム補強、スチールワイヤーソリューション、スペシャリティ事業、Bridon-Bekaert Ropes Group。ゴム補強事業部門では、タイヤ分野向けのスチールコードおよびビードワイヤ補強ソリューションの開発、製造、供給を行っている。スチールワイヤーソリューション事業部門は、エネルギー・公共事業、鉱業、建設、農業、自動車、消費財などの分野向けに、様々なスチールワイヤー製品とソリューションを開発、製造、供給している。スペシャリティ事業部門は、コンクリート、石工、石膏、アスファルトの補強、ホースやベルトの補強ソリューション、繊維技術、加熱技術、極細ワイヤー、エネルギー移行市場向け水素の開発・製造を行っている。ブライドン・ベカルト・ロープ・グループ部門は、地表・地下採掘、海洋・陸上エネルギー、クレーン・産業、漁業・海洋、構造物用の鋼線・合成ロープを提供し、建設・設備市場で使用されるエレベーター・タイミングベルト用ファイン・スチール・コード、自動車分野のウィンドウ・レギュレーター・ヒーティングコード、エネルギー市場の軽量パイプ用Armofor熱可塑性テープを開発・供給している。NVベカルトSAは1880年に設立され、ベルギーのツヴェヴェゲムに本社を置く。もっと見るNV Bekaert SA 基礎のまとめNV Bekaert の収益と売上を時価総額と比較するとどうか。BEKB 基礎統計学時価総額€1.97b収益（TTM）€67.36m売上高(TTM)€3.71b29.3xPER（株価収益率0.5xP/SレシオBEKB は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計BEKB 損益計算書（TTM）収益€3.71b売上原価€3.11b売上総利益€592.24mその他の費用€524.89m収益€67.36m直近の収益報告Dec 31, 2025次回決算日Jul 30, 2026一株当たり利益（EPS）1.38グロス・マージン15.98%純利益率1.82%有利子負債／自己資本比率29.7%BEKB の長期的なパフォーマンスは？過去の実績と比較を見る配当金4.8%現在の配当利回り147%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/21 06:48終値2026/05/21 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋NV Bekaert SA 6 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。8 アナリスト機関Mourad LahmidiBNP ParibasBin GaoBofA Global ResearchFrank ClaassenDegroof Petercam5 その他のアナリストを表示
お知らせ • May 13NV Bekaert SA Approves Dividend, Payable on May 19, 2026NV Bekaert SA at the annual general meeting of shareholders held on May 13, 2026 approved the distribution of a gross dividend of €1.95 per share. The dividend ex-date is 15 May 2026. The dividend will be payable on 19 May 2026.
Declared Dividend • May 13Dividend of €1.37 announcedShareholders will receive a dividend of €1.37. Ex-date: 15th May 2026 Payment date: 19th May 2026 Dividend yield will be 3.2%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is not covered by earnings (147% earnings payout ratio). However, it is well covered by cash flows (34% cash payout ratio). The dividend has increased by an average of 8.0% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 63% to bring the payout ratio under control. EPS is expected to grow by 135% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
Board Change • May 13Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Tony Haag was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • May 11Bekaert Announces CEO ChangesBekaert has appointed Olivier Biebuyck as Chief Executive Officer. His extensive experience in leading, growing and transforming global industrial businesses, both organically and through acquisitions, will be a key enabler in delivering on Bekaert’s strategic ambitions for the future. The appointment takes effect on June 1, 2026. Yves Kerstens, current Chief Executive Officer and member of the Board of Directors of Bekaert, will conclude his mandate on May 31, 2026 after having led the company over the past years.
Board Change • Mar 25Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Director Henriette Ellekrog was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
New Risk • Mar 09New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 57% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (147% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.8% net profit margin).
お知らせ • May 13NV Bekaert SA Approves Dividend, Payable on May 19, 2026NV Bekaert SA at the annual general meeting of shareholders held on May 13, 2026 approved the distribution of a gross dividend of €1.95 per share. The dividend ex-date is 15 May 2026. The dividend will be payable on 19 May 2026.
Declared Dividend • May 13Dividend of €1.37 announcedShareholders will receive a dividend of €1.37. Ex-date: 15th May 2026 Payment date: 19th May 2026 Dividend yield will be 3.2%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is not covered by earnings (147% earnings payout ratio). However, it is well covered by cash flows (34% cash payout ratio). The dividend has increased by an average of 8.0% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 63% to bring the payout ratio under control. EPS is expected to grow by 135% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
Board Change • May 13Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Tony Haag was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • May 11Bekaert Announces CEO ChangesBekaert has appointed Olivier Biebuyck as Chief Executive Officer. His extensive experience in leading, growing and transforming global industrial businesses, both organically and through acquisitions, will be a key enabler in delivering on Bekaert’s strategic ambitions for the future. The appointment takes effect on June 1, 2026. Yves Kerstens, current Chief Executive Officer and member of the Board of Directors of Bekaert, will conclude his mandate on May 31, 2026 after having led the company over the past years.
Board Change • Mar 25Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Director Henriette Ellekrog was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
New Risk • Mar 09New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 57% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (147% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.8% net profit margin).
Board Change • Mar 06Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Director Henriette Ellekrog was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Declared Dividend • Mar 06Dividend of €1.37 announcedShareholders will receive a dividend of €1.37. Ex-date: 15th May 2026 Payment date: 19th May 2026 Dividend yield will be 3.3%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 8.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 163% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Feb 26Nv Bekaert Sa Proposes Dividend for 2025NV Bekaert SA Proposed dividend increase from €1.90 to €1.95 per share, alongside ongoing €200 million share buyback for 2025.
お知らせ • Jan 29NV Bekaert SA (ENXTBR:BEKB) reached an agreement to acquire Bridgestone Metalpha (Thailand) Company Limited and Bridgestone (Shenyang) Steel Cord Co., Ltd. from Bridgestone Corporation (TSE:5108) for €60 million.NV Bekaert SA (ENXTBR:BEKB) reached an agreement to acquire Bridgestone Metalpha (Thailand) Company Limited and Bridgestone (Shenyang) Steel Cord Co., Ltd. from Bridgestone Corporation (TSE:5108) for €60 million on January 27, 2026. A cash consideration of €60 million will be paid by NV Bekaert SA. The transaction will be financed from available cash balances of NV Bekaert SA. The transaction is estimated to add approximately €80 million to Bekaert's consolidated sales on an annual basis. The transaction is part of the business restructuring and rebuilding in Bridgestone’s Mid-Term Business Plan (2024–2026), aimed at reinforcing business quality across the value chain. The transaction is subject to applicable regulatory approvals and customary closing conditions and is expected to close in the first half of 2026.
Board Change • Jan 21Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Director Henriette Ellekrog was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Nov 22Nv Bekaert Sa Provides Earnings Guidance for the Fiscal Year 2025NV Bekaert SA provides earnings guidance for the fiscal year 2025. For the period, the company expects sales of around €3.7 billion for Fiscal Year 2025.
Board Change • Nov 11Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Director Henriette Ellekrog was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Oct 23+ 3 more updatesNV Bekaert SA to Report Q3, 2026 Results on Nov 27, 2026NV Bekaert SA announced that they will report Q3, 2026 results on Nov 27, 2026
Board Change • Oct 17Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Director Henriette Ellekrog was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Sep 19Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Director Henriette Ellekrog was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Aug 05First half 2025 earnings released: EPS: €1.59 (vs €2.80 in 1H 2024)First half 2025 results: EPS: €1.59 (down from €2.80 in 1H 2024). Revenue: €1.95b (down 5.2% from 1H 2024). Net income: €81.7m (down 44% from 1H 2024). Profit margin: 4.2% (down from 7.1% in 1H 2024). Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
Board Change • Jul 25Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Director Henriette Ellekrog was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Jul 03Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Director Henriette Ellekrog was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
New Risk • Jun 01New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.4% average weekly change).
Board Change • May 23Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Director Henriette Ellekrog was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €29.42, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 10x in the Metals and Mining industry in Europe. Total loss to shareholders of 7.6% over the past three years.
Reported Earnings • Apr 02Full year 2024 earnings released: EPS: €4.56 (vs €4.75 in FY 2023)Full year 2024 results: EPS: €4.56 (down from €4.75 in FY 2023). Revenue: €3.96b (down 8.6% from FY 2023). Net income: €238.9m (down 6.2% from FY 2023). Profit margin: 6.0% (up from 5.9% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 03NV Bekaert SA, Annual General Meeting, May 14, 2025NV Bekaert SA, Annual General Meeting, May 14, 2025.
Reported Earnings • Mar 02Full year 2024 earnings released: EPS: €4.56 (vs €4.75 in FY 2023)Full year 2024 results: EPS: €4.56 (down from €4.75 in FY 2023). Revenue: €3.96b (down 8.6% from FY 2023). Net income: €238.9m (down 6.2% from FY 2023). Profit margin: 6.0% (up from 5.9% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
Board Change • Feb 28Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Henriette Ellekrog was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Feb 28+ 1 more updateNV Bekaert SA Proposes Dividend for the Year 2024NV Bekaert SA's Board of Directors is committed to maintaining a strategic capital allocation policy, balancing investment in future growth and innovation, with maintaining a strong balance sheet and growing shareholder returns over time. The group is continuing its policy of progressively growing the dividend year-on-year and announced a gross dividend of €1.90 per share (an increase of 6% y-on-y), to be proposed by the Board at the Annual General Meeting of Shareholders in May 2025. This proposed dividend to shareholders would be alongside the ongoing buyback of up to €200 million of Bekaert shares.
Board Change • Feb 13Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Henriette Ellekrog was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Jan 07Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Henriette Ellekrog was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Nov 22NV Bekaert SA Provides Consolidated Earnings Guidance for the Financial Year 2024NV Bekaert SA provided consolidated earnings guidance for the financial year 2024. Consolidated sales slightly below €4 billion reflecting the ongoing effects of lower volumes and pricing and EBIT in the range of €340 million to €350 million.
Board Change • Nov 19Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Henriette Ellekrog was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Nov 08+ 2 more updatesNV Bekaert SA to Report Fiscal Year 2024 Results on Feb 28, 2025NV Bekaert SA announced that they will report fiscal year 2024 results on Feb 28, 2025
Reported Earnings • Aug 01First half 2024 earnings released: EPS: €2.80 (vs €2.71 in 1H 2023)First half 2024 results: EPS: €2.80 (up from €2.71 in 1H 2023). Revenue: €2.06b (down 11% from 1H 2023). Net income: €146.7m (flat on 1H 2023). Profit margin: 7.1% (up from 6.3% in 1H 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
お知らせ • Jul 26NV Bekaert SA Reaffirms Earnings Guidance for the Year 2024NV Bekaert SA reaffirmed earnings guidance for the year 2024. The company’s resilient financial performance in first half and robust financial position gives confidence in its ability to further deliver on its strategic and financial priorities. There have been delays to some growth businesses and in this environment, management now expects a modest decline in sales in fiscal year 2024 against fiscal year 2023.
Declared Dividend • Mar 11Dividend of €1.26 announcedShareholders will receive a dividend of €1.26. Ex-date: 10th May 2024 Payment date: 14th May 2024 Dividend yield will be 2.7%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (44% cash payout ratio). The dividend has increased by an average of 7.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Buy Or Sell Opportunity • Mar 07Now 21% undervaluedOver the last 90 days, the stock has risen 7.6% to €46.32. The fair value is estimated to be €58.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 2.7% per annum. Earnings are also forecast to grow by 8.1% per annum over the same time period.
Reported Earnings • Mar 05Full year 2023 earnings released: EPS: €4.75 (vs €4.78 in FY 2022)Full year 2023 results: EPS: €4.75 (down from €4.78 in FY 2022). Revenue: €4.33b (down 23% from FY 2022). Net income: €254.6m (down 5.3% from FY 2022). Profit margin: 5.9% (up from 4.8% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
お知らせ • Mar 03+ 2 more updatesNV Bekaert SA to Report Fiscal Year 2023 Final Results on Mar 29, 2024NV Bekaert SA announced that they will report fiscal year 2023 final results on Mar 29, 2024
お知らせ • Nov 17NV Bekaert SA Provides Earnings Guidance for the Year 2023NV Bekaert SA provided earnings guidance for the year 2023. For the year, the company expects Consolidated sales of approximately €4.3 billion reflecting the ongoing reversal of raw material cost inflation and the normalization of energy surcharges in 2022 .EBIT margin in the range of 8.5-8.7% (up from 8.2% last year).
Board Change • Nov 02Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Henriette Ellekrog was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
New Risk • Oct 27New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.6% net profit margin). Shareholders have been diluted in the past year (5.5% increase in shares outstanding).
Board Change • Oct 20Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Henriette Ellekrog was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
New Risk • Oct 07New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.6% net profit margin). Shareholders have been diluted in the past year (2.2% increase in shares outstanding).
Reported Earnings • Aug 03First half 2023 earnings released: EPS: €2.71 (vs €3.80 in 1H 2022)First half 2023 results: EPS: €2.71 (down from €3.80 in 1H 2022). Revenue: €2.32b (down 8.2% from 1H 2022). Net income: €146.7m (down 32% from 1H 2022). Profit margin: 6.3% (down from 8.6% in 1H 2022). Revenue is forecast to decline by 2.2% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Jul 30New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.6% net profit margin).
お知らせ • Jul 28+ 1 more updateBekaert Announces Board ChangesOswald Schmid, Chief Executive Officer and member of the Board of Directors of Bekaert, will retire on 31 August 2023 after having led the company successfully over the past three years. He also will step down as Director on the same date. The Board of Directors of Bekaert has appointed Yves Kerstensas Chief Executive Officer. Yves was already a member of the Bekaert Group Executive and was Divisional CEO of Bekaert’s Specialty Businesses. The appointment takes effect on 1 September 2023. The Board of Directors will coopt Yves Kerstens as Director until the Annual General Meeting of Shareholders to be held in May 2024.
Board Change • May 20Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 2 highly experienced directors. 4 independent directors (7 non-independent directors). Independent Director Henriette Ellekrog was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • May 11Nv Bekaert Sa Approves Dividend, Payable on May 15, 2023NV Bekaert SA announced at the AGM held on Mau 10, 2023 that the company approved distribution of a gross dividend of €1.65 per share. The dividend ex-date is 11 May 2023. The dividend will be payable on 15 May 2023 by the following banks: ING Belgium, Bank Degroof Petercam, BNP Paribas Fortis, KBC Bank and Belfius Bank in Belgium, Société Générale in France, ABN AMRO Bank in the Netherlands and UBS in Switzerland.
お知らせ • May 10NV Bekaert SA Provides Earnings Guidance for the Year 2023NV Bekaert SA provided earnings guidance for the year 2023. For the year, the company increases confidence in the delivery of expectations in 2023 and profitability ambitions of 9%-11% EBIT margin in the medium term, which remain unchanged.
Upcoming Dividend • May 04Upcoming dividend of €1.16 per share at 3.9% yieldEligible shareholders must have bought the stock before 11 May 2023. Payment date: 15 May 2023. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of Austrian dividend payers (5.2%). Lower than average of industry peers (8.7%).
Board Change • Apr 14Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Henriette Ellekrog was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Mar 10Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Henriette Ellekrog was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Feb 03Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Henriette Ellekrog was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Jan 18Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Henriette Ellekrog was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Dec 23+ 3 more updatesNV Bekaert SA to Report Q2, 2023 Results on Jul 28, 2023NV Bekaert SA announced that they will report Q2, 2023 results on Jul 28, 2023
お知らせ • Nov 18NV Bekaert SA Provides Earnings Guidance for the Year 2022NV Bekaert SA provided earnings guidance for the year 2022. The management currently anticipates for the full year 2022. Consolidated sales of approximately €5.7 billion, an increase by + €900 million compared with last year resulting from decisive price management and structural mix improvements. As a result, underlying EBIT is expected to be in the range of €450 million - EUR 460 million. The profitability ambitions for the medium term remain unchanged.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Henriette Ellekrog was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Jul 29First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €208.1m from profit in 1H 2021). Profit margin: (down from 9.0% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is expected to shrink by 3.8% compared to a 26% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
お知らせ • May 12+ 1 more updateNV Bekaert SA Approves DividendNV Bekaert SA at its annual general meeting, held on May 11, 2022, approved a gross dividend of €1.50, The dividend ex-date is 12 May 2022. The dividend will be payable on 16 May 2022.
Upcoming Dividend • May 05Upcoming dividend of €1.05 per shareEligible shareholders must have bought the stock before 12 May 2022. Payment date: 16 May 2022. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of Austrian dividend payers (4.6%). Lower than average of industry peers (7.8%).
お知らせ • May 04NV Bekaert SA, Annual General Meeting, May 11, 2022NV Bekaert SA, Annual General Meeting, May 11, 2022, at 10:30 Central European Standard Time. Location: Kortrijk Xpo Meeting Center, Doorniksesteenweg 216 (P6) Kortrijk Belgium
Reported Earnings • Mar 29Full year 2021 earnings released: EPS: €7.14 (vs €2.38 in FY 2020)Full year 2021 results: EPS: €7.14 (up from €2.38 in FY 2020). Revenue: €4.84b (up 28% from FY 2020). Net income: €407.0m (up 202% from FY 2020). Profit margin: 8.4% (up from 3.6% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to stay flat compared to a 31% growth forecast for the mining industry in Austria. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Mar 04Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to €34.10, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 6x in the Metals and Mining industry in Europe. Total returns to shareholders of 62% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €56.05 per share.
Reported Earnings • Feb 27Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: €7.14 (up from €2.38 in FY 2020). Revenue: €4.84b (up 28% from FY 2020). Net income: €407.0m (up 202% from FY 2020). Profit margin: 8.4% (up from 3.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.2%. Over the next year, revenue is expected to shrink by 2.6% compared to a 8.8% growth forecast for the mining industry in Austria. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Feb 25Now 21% undervaluedOver the last 90 days, the stock is up 12%. The fair value is estimated to be €50.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.6% per annum over the last 3 years. Earnings per share has grown by 46% per annum over the last 3 years.
お知らせ • Feb 25Bekaert Proposes DividendThe Board of Bekaert will proposed the Annual General Meeting of Shareholders in May of 2022 a 50% gross dividend increase to €1.50 per share.
Reported Earnings • Aug 05First half 2021 earnings released: EPS €3.66 (vs €0.59 in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €2.31b (up 30% from 1H 2020). Net income: €208.1m (up €174.7m from 1H 2020). Profit margin: 9.0% (up from 1.9% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.
お知らせ • May 13NV Bekaert SA Approves Gross Dividend, Payable on 18 May 2021NV Bekaert SA approved a gross dividend of €1.00 at the AGM held on May 12, 2021. For the dividend ex-date is 14 May 2021, the dividend will be payable on 18 May 2021.
Upcoming Dividend • May 08Upcoming dividend of €0.70 per shareEligible shareholders must have bought the stock before 14 May 2021. Payment date: 18 May 2021. Trailing yield: 2.6%. Lower than top quartile of Austrian dividend payers (3.2%). Lower than average of industry peers (4.3%).
Reported Earnings • Mar 30Full year 2020 earnings released: EPS €2.38 (vs €0.73 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: €3.77b (down 13% from FY 2019). Net income: €134.7m (up 226% from FY 2019). Profit margin: 3.6% (up from 1.0% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
お知らせ • Mar 11NV Bekaert SA, Annual General Meeting, May 12, 2021NV Bekaert SA, Annual General Meeting, May 12, 2021, at 10:00 Central European Standard Time.
お知らせ • Mar 04Bekaert Names Oswald Schmid as Chief Executive OfficerThe Board of Directors of Bekaert has appointed Oswald Schmid as Chief Executive Officer. Oswald Schmidhas been leading the Bekaert Group Executive as interim CEO since 13 May 2020, when he was appointed member of the Board of Directors. The appointment of Oswald Schmid as CEO of Bekaert takes immediate effect.
Is New 90 Day High Low • Feb 25New 90-day high: €31.10The company is up 19% from its price of €26.08 on 27 November 2020. The Austrian market is up 17% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €13.40 per share.
Is New 90 Day High Low • Jan 06New 90-day high: €28.76The company is up 58% from its price of €18.19 on 08 October 2020. The Austrian market is up 27% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 29% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.32 per share.
Is New 90 Day High Low • Dec 04New 90-day high: €27.22The company is up 52% from its price of €17.92 on 04 September 2020. The Austrian market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.13 per share.
Is New 90 Day High Low • Nov 11New 90-day high: €20.58The company is up 19% from its price of €17.36 on 13 August 2020. The Austrian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €29.09 per share.
Is New 90 Day High Low • Oct 16New 90-day high: €19.31The company is up 10.0% from its price of €17.53 on 17 July 2020. The Austrian market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.30 per share.
お知らせ • Sep 30+ 1 more updateBMB - Belgo-Mineira Bekaert Artefatos de Arame Ltda. signed an agreement to acquire 55.5% stake in Steel Cord Entity in Sumaré from NV Bekaert SA (ENXTBR:BEKB) for $63 million.BMB - Belgo-Mineira Bekaert Artefatos de Arame Ltda. signed an agreement to acquire 55.5% stake in Steel Cord Entity in Sumaré from NV Bekaert SA (ENXTBR:BEKB) for $63 million on April 26, 2017. Under the terms of transaction, BMB - Belgo-Mineira Bekaert Artefatos de Arame Ltda. agreed to pay a total cash consideration of $63 million, of which $58 million was settled on closing date and $5 million to be paid subsequently upon conclusion of certain business restructuring measure by Bekaert. Upon closing, Bekaert Sumaré Ltda subsequently renamed ArcelorMittal Bekaert Sumaré Ltda. The deal is subject to customary closing conditions and approval of antitrust authority, Cade. The transaction is expected to be completed in the second quarter of 2017.
お知らせ • Sep 26The management of Bekaert-Stanwick acquired the entire share ownership of Bekaert-Stanwick from NV Bekaert SA (ENXTBR: BEKB).The management of Bekaert-Stanwick acquired the entire share ownership of Bekaert-Stanwick from NV Bekaert SA (ENXTBR: BEKB) on December 19, 2003. Bekaert-Stanwick achieved a turnover of approximately €5 million in 2002. In a related transaction, NV Bekaert SA also sold Bekaert Consulting to Bekaert Consulting's management. The management of Bekaert-Stanwick completed the acquisition of the entire share ownership of Bekaert-Stanwick from NV Bekaert SA (ENXTBR: BEKB) on December 19, 2003.
