Befesa（BFSA）株式概要Befesa S.A.は、ヨーロッパ、アジア、北米市場の鉄鋼・アルミニウム業界に環境リサイクルサービスを提供している。 詳細BFSA ファンダメンタル分析スノーフレーク・スコア評価3/6将来の成長1/6過去の実績4/6財務の健全性4/6配当金3/6報酬当社が推定した公正価値より69.6%で取引されている 収益は年間11.21%増加すると予測されています 過去1年間で収益は37.7%増加しました リスク分析多額の負債を抱えている 不安定な配当実績 すべてのリスクチェックを見るBFSA 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€34.304.7% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-100m2b2016201920222025202620282031Revenue €1.6bEarnings €111.5mAdvancedSet Fair ValueView all narrativesBefesa S.A. 競合他社CEWE Stiftung KGaASymbol: XTRA:CWCMarket cap: €708.7mBilfingerSymbol: XTRA:GBFMarket cap: €3.2bVeteranpoolenSymbol: DB:QI5Market cap: €1.3bShanghai Environment GroupSymbol: SHSE:601200Market cap: CN¥10.4b価格と性能株価の高値、安値、推移の概要Befesa過去の株価現在の株価€34.3052週高値€35.4552週安値€24.60ベータ1.741ヶ月の変化1.63%3ヶ月変化3.31%1年変化29.53%3年間の変化-6.54%5年間の変化-41.86%IPOからの変化7.95%最新ニュースお知らせ • Oct 31+ 3 more updatesBefesa S.A. to Report Q3, 2026 Results on Oct 29, 2026Befesa S.A. announced that they will report Q3, 2026 results at 7:30 AM, Central European Standard Time on Oct 29, 2026お知らせ • Feb 28Befesa S.A. announces Annual dividend, payable on June 24, 2025Befesa S.A. announced Annual dividend of EUR 0.6400 per share payable on June 24, 2025, ex-date on June 20, 2025 and record date on June 23, 2025.Price Target Changed • Nov 06Price target decreased by 7.4% to €34.14Down from €36.86, the current price target is an average from 11 analysts. New target price is 64% above last closing price of €20.80. Stock is down 21% over the past year. The company is forecast to post earnings per share of €1.44 for next year compared to €1.45 last year.お知らせ • Nov 01+ 4 more updatesBefesa S.A. to Report First Half, 2025 Results on Jul 30, 2025Befesa S.A. announced that they will report first half, 2025 results on Jul 30, 2025Reported Earnings • Nov 01Third quarter 2024 earnings: Revenues miss analyst expectationsThird quarter 2024 results: Revenue: €293.7m (up 1.7% from 3Q 2023). Net income: €4.95m (down 32% from 3Q 2023). Profit margin: 1.7% (down from 2.5% in 3Q 2023). Revenue missed analyst estimates by 3.4%. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 26% per year whereas the company’s share price has fallen by 30% per year.Reported Earnings • Jul 26Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: €0.26 (up from €0.13 in 2Q 2023). Revenue: €322.8m (up 10.0% from 2Q 2023). Net income: €10.6m (up 108% from 2Q 2023). Profit margin: 3.3% (up from 1.7% in 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 16%. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 25% per year.最新情報をもっと見るRecent updatesお知らせ • Oct 31+ 3 more updatesBefesa S.A. to Report Q3, 2026 Results on Oct 29, 2026Befesa S.A. announced that they will report Q3, 2026 results at 7:30 AM, Central European Standard Time on Oct 29, 2026お知らせ • Feb 28Befesa S.A. announces Annual dividend, payable on June 24, 2025Befesa S.A. announced Annual dividend of EUR 0.6400 per share payable on June 24, 2025, ex-date on June 20, 2025 and record date on June 23, 2025.Price Target Changed • Nov 06Price target decreased by 7.4% to €34.14Down from €36.86, the current price target is an average from 11 analysts. New target price is 64% above last closing price of €20.80. Stock is down 21% over the past year. The company is forecast to post earnings per share of €1.44 for next year compared to €1.45 last year.お知らせ • Nov 01+ 4 more updatesBefesa S.A. to Report First Half, 2025 Results on Jul 30, 2025Befesa S.A. announced that they will report first half, 2025 results on Jul 30, 2025Reported Earnings • Nov 01Third quarter 2024 earnings: Revenues miss analyst expectationsThird quarter 2024 results: Revenue: €293.7m (up 1.7% from 3Q 2023). Net income: €4.95m (down 32% from 3Q 2023). Profit margin: 1.7% (down from 2.5% in 3Q 2023). Revenue missed analyst estimates by 3.4%. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 26% per year whereas the company’s share price has fallen by 30% per year.Reported Earnings • Jul 26Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: €0.26 (up from €0.13 in 2Q 2023). Revenue: €322.8m (up 10.0% from 2Q 2023). Net income: €10.6m (up 108% from 2Q 2023). Profit margin: 3.3% (up from 1.7% in 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 16%. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 25% per year.Upcoming Dividend • Jun 14Upcoming dividend of €0.73 per shareEligible shareholders must have bought the stock before 21 June 2024. Payment date: 25 June 2024. Payout ratio is a comfortable 56% but the company is paying out more than the cash it is generating. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.9%).New Risk • Jun 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.2% 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: Major Risk Interest payments are not well covered by earnings (2.2x net interest cover). Minor Risks Dividend is not well covered by cash flows (146% cash payout ratio). Share price has been volatile over the past 3 months (7.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.5% net profit margin).Reported Earnings • Apr 26First quarter 2024 earnings released: EPS: €0.24 (vs €0.38 in 1Q 2023)First quarter 2024 results: EPS: €0.24 (down from €0.38 in 1Q 2023). Revenue: €298.3m (down 7.3% from 1Q 2023). Net income: €9.45m (down 38% from 1Q 2023). Profit margin: 3.2% (down from 4.7% in 1Q 2023). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings.Valuation Update With 7 Day Price Move • Apr 09Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €36.54, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Commercial Services industry in Germany. Total loss to shareholders of 34% over the past three years.Reported Earnings • Mar 21Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2023 results: EPS: €1.45 (down from €2.66 in FY 2022). Revenue: €1.18b (up 3.9% from FY 2022). Net income: €58.0m (down 45% from FY 2022). Profit margin: 4.9% (down from 9.4% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) exceeded analyst estimates by 18%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings.Declared Dividend • Mar 03Dividend of €0.73 announcedShareholders will receive a dividend of €0.73. Ex-date: 21st June 2024 Payment date: 25th June 2024 Dividend yield will be 2.4%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is not covered by earnings (107% earnings payout ratio) nor is it covered by cash flows (dividend approximately 6x free cash flows). The dividend has increased by an average of 9.4% per year over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 19% to bring the payout ratio under control. EPS is expected to grow by 141% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.お知らせ • Jan 26Befesa S.A.(XTRA:BFSA) dropped from Germany SDAX (Total Return) IndexBefesa S.A. has been dropped from Germany SDAX (Total Return) Index.Valuation Update With 7 Day Price Move • Nov 14Investor sentiment improves as stock rises 21%After last week's 21% share price gain to €31.76, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 12x in the Commercial Services industry in Germany. Total loss to shareholders of 11% over the past three years.お知らせ • Oct 28+ 5 more updatesBefesa S.A. to Report Q1, 2024 Results on Apr 25, 2024Befesa S.A. announced that they will report Q1, 2024 results on Apr 25, 2024Reported Earnings • Oct 27Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2023 results: EPS: €0.18 (down from €0.93 in 3Q 2022). Revenue: €288.7m (up 1.2% from 3Q 2022). Net income: €7.30m (down 80% from 3Q 2022). Profit margin: 2.5% (down from 13% in 3Q 2022). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 50%. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.Reported Earnings • Jul 28Second quarter 2023 earnings: EPS and revenues miss analyst expectationsSecond quarter 2023 results: EPS: €0.13 (down from €0.58 in 2Q 2022). Revenue: €293.5m (down 5.7% from 2Q 2022). Net income: €5.09m (down 78% from 2Q 2022). Profit margin: 1.7% (down from 7.4% in 2Q 2022). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 69%. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Upcoming Dividend • Jun 09Upcoming dividend of €1.25 per share at 3.5% yieldEligible shareholders must have bought the stock before 16 June 2023. Payment date: 20 June 2023. Payout ratio is a comfortable 53% but the company is paying out more than the cash it is generating. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.2%).Reported Earnings • May 06First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2023 results: EPS: €0.38 (down from €0.68 in 1Q 2022). Revenue: €322.0m (up 23% from 1Q 2022). Net income: €15.2m (down 44% from 1Q 2022). Profit margin: 4.7% (down from 10% in 1Q 2022). Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) missed analyst estimates by 17%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 24Full year 2022 earnings: EPS in line with analyst expectations despite revenue beatFull year 2022 results: EPS: €2.66. Revenue: €1.14b (up 38% from FY 2021). Net income: €106.2m (up 6.5% from FY 2021). Profit margin: 9.4% (down from 12% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Commercial Services industry in Germany.Buying Opportunity • Feb 11Now 21% undervaluedOver the last 90 days, the stock is up 17%. The fair value is estimated to be €62.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 9.8%. For the next 3 years, revenue is forecast to grow by 9.0% per annum. Earnings is also forecast to grow by 3.0% per annum over the same time period.お知らせ • Nov 17Befesa S.A. to Report Fiscal Year 2022 Final Results on Mar 23, 2023Befesa S.A. announced that they will report fiscal year 2022 final results on Mar 23, 2023お知らせ • Nov 15+ 2 more updatesBefesa S.A., Annual General Meeting, Jun 15, 2023Befesa S.A., Annual General Meeting, Jun 15, 2023.Valuation Update With 7 Day Price Move • Nov 11Investor sentiment improved over the past weekAfter last week's 16% share price gain to €40.30, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Commercial Services industry in Germany. Total returns to shareholders of 19% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €53.45 per share.Reported Earnings • Oct 29Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: €0.93 (up from €0.40 in 3Q 2021). Revenue: €285.3m (up 50% from 3Q 2021). Net income: €37.2m (up 134% from 3Q 2021). Profit margin: 13% (up from 8.4% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) also surpassed analyst estimates by 154%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Price Target Changed • Oct 21Price target decreased to €53.00Down from €58.18, the current price target is an average from 11 analysts. New target price is 58% above last closing price of €33.46. Stock is down 51% over the past year. The company is forecast to post earnings per share of €2.51 for next year compared to €2.68 last year.Price Target Changed • Sep 19Price target decreased to €58.18Down from €63.30, the current price target is an average from 11 analysts. New target price is 81% above last closing price of €32.08. Stock is down 51% over the past year. The company is forecast to post earnings per share of €2.52 for next year compared to €2.68 last year.Valuation Update With 7 Day Price Move • Sep 17Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to €32.08, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Commercial Services industry in Germany. Total returns to shareholders of 5.5% over the past three years.Reported Earnings • Jul 30Second quarter 2022 earnings released: EPS: €0.58 (vs €0.60 in 2Q 2021)Second quarter 2022 results: EPS: €0.58. Revenue: €311.1m (up 62% from 2Q 2021). Net income: €23.0m (up 11% from 2Q 2021). Profit margin: 7.4% (down from 11% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 8.1%, compared to a 5.3% growth forecast for the industry in Germany.Price Target Changed • Jul 20Price target decreased to €69.02Down from €76.17, the current price target is an average from 10 analysts. New target price is 52% above last closing price of €45.34. Stock is down 28% over the past year. The company is forecast to post earnings per share of €2.97 for next year compared to €2.68 last year.Price Target Changed • Jul 14Price target decreased to €70.92Down from €76.77, the current price target is an average from 10 analysts. New target price is 65% above last closing price of €43.00. Stock is down 36% over the past year. The company is forecast to post earnings per share of €2.98 for next year compared to €2.68 last year.Upcoming Dividend • Jun 10Upcoming dividend of €1.25 per shareEligible shareholders must have bought the stock before 17 June 2022. Payment date: 21 June 2022. Payout ratio is a comfortable 48% but the company is paying out more than the cash it is generating. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (4.3%). Lower than average of industry peers (3.3%).Reported Earnings • May 01First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: €0.68. Revenue: €261.4m (up 36% from 1Q 2021). Net income: €27.0m (up 8.9% from 1Q 2021). Profit margin: 10% (down from 13% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 26%. Over the next year, revenue is forecast to grow 18%, compared to a 16% growth forecast for the industry in Germany.Reported Earnings • Apr 01Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: €2.68 (up from €1.40 in FY 2020). Revenue: €821.6m (up 36% from FY 2020). Net income: €99.7m (up 110% from FY 2020). Profit margin: 12% (up from 7.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 2.6%. Over the next year, revenue is forecast to grow 34%, compared to a 26% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.Reported Earnings • Nov 01Third quarter 2021 earnings released: EPS €0.40 (vs €0.32 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €190.0m (up 31% from 3Q 2020). Net income: €15.9m (up 47% from 3Q 2020). Profit margin: 8.4% (up from 7.5% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.お知らせ • Aug 20Befesa S.A. (XTRA:BFSA) completed the acquisition of American Zinc Recycling Corp. from American Zinc Recycling LLC and others.Befesa S.A. (XTRA:BFSA) entered into an agreement to acquire American Zinc Recycling Corp. from American Zinc Recycling LLC and others for $450 million on June 16, 2021. Additionally, Befesa will invest $10 million for a minority stake in AZR’s downstream refining operation in Rutherford County, NC, American Zinc Products (“AZP”), forming a joint venture with the current ownership i.e. As part of the agreement, Befesa will also acquire a minority stake of 6.9% of the equity interests in American Zinc Products LLC ("AZP"), AZR's zinc refining subsidiary, for $10 million with the option to acquire the remaining 93.1% of the equity interests in AZP for a consideration of USD 135 million (subject to customary adjustments), plus an additional earn out in an amount of up to $29 million. The acquisition will be financed through a capital increase and a pre-approved term loan B (TLB) add-on of EUR 90 million, maintaining Befesa's leverage ratio at similar levels post acquisition. AZP employees will remain with the joint venture. The combined company will include all employees in AZR’s recycling business, and will operate under the Befesa name. The International Metals Reclamation Company (INMETCO), will continue to be a wholly owned subsidiary of AZR and operate as a standalone business. The transaction is subject to antitrust approval, regulatory approvals and other customary closing conditions. The expected closing date of the transaction is Q3 2021. BMO Capital Markets Corp. acted as a financial advisor to American Zinc Recycling Corp. and Iain Wood, Nicholas Houpt, Evan Goodman and William Pelak of Akin Gump Strauss Hauer & Feld LLP acted as a legal advisors to American Zinc Recycling Corp. Rohan Sawhney of Citigroup Inc. (NYSE:C) . acted as a financial advisor to American Zinc Recycling Corp. Noerr LLP acted as legal advisor to Befesa S.A. (XTRA:BFSA) Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor to Befesa S.A. (XTRA:BFSA) Befesa S.A. (XTRA:BFSA) completed the acquisition of American Zinc Recycling Corp. from American Zinc Recycling LLC and others on August 19, 2021. AZR reports that it will continue to own a majority interest in American Zinc Products with a U.S. subsidiary of Glencore S.A. continuing to own the remaining interests. As part of the transaction, AZR LLC will be renamed Metals Recovery Holdings LLC. Michael Griffin will become president and CEO of AZR LLC. Andrew Repine will become chief financial officer of AZR.Price Target Changed • Jun 22Price target increased to €67.37Up from €62.31, the current price target is an average from 6 analysts. New target price is 9.0% above last closing price of €61.80. Stock is up 89% over the past year.お知らせ • Jun 18+ 1 more updateBefesa S.A. has completed a Follow-on Equity Offering in the amount of €332.264408 million.Befesa S.A. has completed a Follow-on Equity Offering in the amount of €332.264408 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 5,933,293 Price\Range: €56 Transaction Features: Subsequent Direct Listingお知らせ • Apr 27Befesa S.A. Proposes Dividend for the Year 2021Befesa S.A. at its annual general meeting to be held on June 30, 2021, proposed dividend distribution of EUR 40 million (EUR 1.17 per share) for 2021, equal to 84% of 2020 net profit of EUR 47.6 million, equal to 50% on a two-year basis, at the upper end of the company’s dividend policy.Reported Earnings • Mar 27Full year 2020 earnings released: EPS €1.40 (vs €2.43 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €604.3m (down 6.7% from FY 2019). Net income: €47.6m (down 42% from FY 2019). Profit margin: 7.9% (down from 13% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.Price Target Changed • Mar 01Price target raised to €58.03Up from €52.46, the current price target is an average from 5 analysts. The new target price is close to the current share price of €56.20. As of last close, the stock is up 92% over the past year.お知らせ • Jan 30+ 2 more updatesBefesa S.A. to Report Fiscal Year 2020 Final Results on Mar 25, 2021Befesa S.A. announced that they will report fiscal year 2020 final results on Mar 25, 2021Is New 90 Day High Low • Jan 20New 90-day high: €58.70The company is up 64% from its price of €35.70 on 22 October 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 36% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €55.72 per share.Price Target Changed • Jan 15Price target raised to €52.46Up from €48.89, the current price target is an average from 6 analysts. The new target price is close to the current share price of €55.00. As of last close, the stock is up 58% over the past year.Is New 90 Day High Low • Dec 24New 90-day high: €49.25The company is up 45% from its price of €34.00 on 25 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 31% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €53.37 per share.Is New 90 Day High Low • Dec 04New 90-day high: €44.80The company is up 35% from its price of €33.20 on 04 September 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €33.60 per share.Price Target Changed • Dec 01Price target raised to €45.89Up from €40.66, the current price target is an average from 6 analysts. The new target price is 6.0% above the current share price of €43.30. As of last close, the stock is up 29% over the past year.お知らせ • Nov 26Befesa S.A. to Report Fiscal Year 2020 Results on Feb 23, 2021Befesa S.A. announced that they will report fiscal year 2020 results on Feb 23, 2021お知らせ • Nov 20+ 1 more updateBefesa S.A. to Report First Half, 2021 Results on Jul 29, 2021Befesa S.A. announced that they will report first half, 2021 results on Jul 29, 2021Is New 90 Day High Low • Nov 10New 90-day high: €37.65The company is up 16% from its price of €32.45 on 11 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €33.18 per share.Analyst Estimate Surprise Post Earnings • Nov 03Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 7.2%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Over the next year, revenue is forecast to grow 7.4% while the growth in Commercial Services industry in Germany is expected to stay flat.Reported Earnings • Nov 03Third quarter 2020 earnings released: EPS €0.32The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €145.2m (down 1.6% from 3Q 2019). Net income: €10.8m (down 42% from 3Q 2019). Profit margin: 7.5% (down from 13% in 3Q 2019). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Is New 90 Day High Low • Oct 24New 90-day high: €36.85The company is up 6.0% from its price of €34.65 on 24 July 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €31.88 per share.Is New 90 Day High Low • Oct 05New 90-day high: €35.70The company is up 7.0% from its price of €33.50 on 07 July 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €31.80 per share.株主還元BFSADE Commercial ServicesDE 市場7D-2.7%-1.7%0.6%1Y29.5%6.1%0.2%株主還元を見る業界別リターン: BFSA過去 1 年間で6.1 % の収益を上げたGerman Commercial Services業界を上回りました。リターン対市場: BFSA過去 1 年間で0.2 % の収益を上げたGerman市場を上回りました。価格変動Is BFSA's price volatile compared to industry and market?BFSA volatilityBFSA Average Weekly Movement7.5%Commercial Services Industry Average Movement6.6%Market Average Movement6.1%10% most volatile stocks in DE Market13.2%10% least volatile stocks in DE Market2.7%安定した株価: BFSA 、 German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: BFSAの 週次ボラティリティ ( 8% ) 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19871,763Asier Zarraonandia Ayowww.befesa.comBefesa S.A.は、欧州、アジア、北米市場の鉄鋼・アルミ業界に環境リサイクルサービスを提供している。鉄鋼ダスト・リサイクル・サービスとアルミ塩スラグ・リサイクル・サービスの2つのセグメントで事業を展開している。スチールダスト・リサイクル・サービス部門は、粗鋼、ステンレス鋼、亜鉛メッキ鋼の製造過程で発生する粗鋼ダストやその他の鉄鋼残渣の回収・リサイクル、亜鉛製錬所への酸化ワエルズの販売、粗鋼ダストの処理などを行っている。アルミニウム塩スラグ・リサイクル・サービス部門は、塩スラグ、使用済みポットライニング、一次アルミニウム生産者から発生する有害残留物のリサイクル、塩、アルミニウム精鉱、アルミニウム酸化物の回収・販売を行っている。また、アルミスクラップやその他のアルミ残渣（アルミドロス、削り屑、切断屑、アルミ精鉱など）の回収・リサイクル、自動車・建設業界向けのアルミ二次合金の製造も行っている。また、ロジスティクス、ウェールズ酸化物、アルミニウム廃棄物処理サービスも提供し、プロジェクトや技術開発も行っている。Befesa S.A.は1987年に設立され、ルクセンブルクのルクセンブルク市に本社を置いている。もっと見るBefesa S.A. 基礎のまとめBefesa の収益と売上を時価総額と比較するとどうか。BFSA 基礎統計学時価総額€1.38b収益（TTM）€82.59m売上高(TTM)€1.16b16.7xPER（株価収益率1.2xP/SレシオBFSA 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BFSA 損益計算書（TTM）収益€1.16b売上原価€631.39m売上総利益€528.08mその他の費用€445.49m収益€82.59m直近の収益報告Mar 31, 2026次回決算日Jul 29, 2026一株当たり利益（EPS）2.06グロス・マージン45.54%純利益率7.12%有利子負債／自己資本比率79.5%BFSA 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2.9%現在の配当利回り48%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 17:24終値2026/05/21 00:00収益2026/03/31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Befesa S.A. 9 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。21 アナリスト機関Jaime EscribanoBanco SantanderCarlos Javier Treviño PeinadorBanco SantanderLasse StuebenBerenberg18 その他のアナリストを表示
お知らせ • Oct 31+ 3 more updatesBefesa S.A. to Report Q3, 2026 Results on Oct 29, 2026Befesa S.A. announced that they will report Q3, 2026 results at 7:30 AM, Central European Standard Time on Oct 29, 2026
お知らせ • Feb 28Befesa S.A. announces Annual dividend, payable on June 24, 2025Befesa S.A. announced Annual dividend of EUR 0.6400 per share payable on June 24, 2025, ex-date on June 20, 2025 and record date on June 23, 2025.
Price Target Changed • Nov 06Price target decreased by 7.4% to €34.14Down from €36.86, the current price target is an average from 11 analysts. New target price is 64% above last closing price of €20.80. Stock is down 21% over the past year. The company is forecast to post earnings per share of €1.44 for next year compared to €1.45 last year.
お知らせ • Nov 01+ 4 more updatesBefesa S.A. to Report First Half, 2025 Results on Jul 30, 2025Befesa S.A. announced that they will report first half, 2025 results on Jul 30, 2025
Reported Earnings • Nov 01Third quarter 2024 earnings: Revenues miss analyst expectationsThird quarter 2024 results: Revenue: €293.7m (up 1.7% from 3Q 2023). Net income: €4.95m (down 32% from 3Q 2023). Profit margin: 1.7% (down from 2.5% in 3Q 2023). Revenue missed analyst estimates by 3.4%. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 26% per year whereas the company’s share price has fallen by 30% per year.
Reported Earnings • Jul 26Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: €0.26 (up from €0.13 in 2Q 2023). Revenue: €322.8m (up 10.0% from 2Q 2023). Net income: €10.6m (up 108% from 2Q 2023). Profit margin: 3.3% (up from 1.7% in 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 16%. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 25% per year.
お知らせ • Oct 31+ 3 more updatesBefesa S.A. to Report Q3, 2026 Results on Oct 29, 2026Befesa S.A. announced that they will report Q3, 2026 results at 7:30 AM, Central European Standard Time on Oct 29, 2026
お知らせ • Feb 28Befesa S.A. announces Annual dividend, payable on June 24, 2025Befesa S.A. announced Annual dividend of EUR 0.6400 per share payable on June 24, 2025, ex-date on June 20, 2025 and record date on June 23, 2025.
Price Target Changed • Nov 06Price target decreased by 7.4% to €34.14Down from €36.86, the current price target is an average from 11 analysts. New target price is 64% above last closing price of €20.80. Stock is down 21% over the past year. The company is forecast to post earnings per share of €1.44 for next year compared to €1.45 last year.
お知らせ • Nov 01+ 4 more updatesBefesa S.A. to Report First Half, 2025 Results on Jul 30, 2025Befesa S.A. announced that they will report first half, 2025 results on Jul 30, 2025
Reported Earnings • Nov 01Third quarter 2024 earnings: Revenues miss analyst expectationsThird quarter 2024 results: Revenue: €293.7m (up 1.7% from 3Q 2023). Net income: €4.95m (down 32% from 3Q 2023). Profit margin: 1.7% (down from 2.5% in 3Q 2023). Revenue missed analyst estimates by 3.4%. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 26% per year whereas the company’s share price has fallen by 30% per year.
Reported Earnings • Jul 26Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: €0.26 (up from €0.13 in 2Q 2023). Revenue: €322.8m (up 10.0% from 2Q 2023). Net income: €10.6m (up 108% from 2Q 2023). Profit margin: 3.3% (up from 1.7% in 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 16%. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 25% per year.
Upcoming Dividend • Jun 14Upcoming dividend of €0.73 per shareEligible shareholders must have bought the stock before 21 June 2024. Payment date: 25 June 2024. Payout ratio is a comfortable 56% but the company is paying out more than the cash it is generating. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.9%).
New Risk • Jun 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.2% 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: Major Risk Interest payments are not well covered by earnings (2.2x net interest cover). Minor Risks Dividend is not well covered by cash flows (146% cash payout ratio). Share price has been volatile over the past 3 months (7.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.5% net profit margin).
Reported Earnings • Apr 26First quarter 2024 earnings released: EPS: €0.24 (vs €0.38 in 1Q 2023)First quarter 2024 results: EPS: €0.24 (down from €0.38 in 1Q 2023). Revenue: €298.3m (down 7.3% from 1Q 2023). Net income: €9.45m (down 38% from 1Q 2023). Profit margin: 3.2% (down from 4.7% in 1Q 2023). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings.
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €36.54, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Commercial Services industry in Germany. Total loss to shareholders of 34% over the past three years.
Reported Earnings • Mar 21Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2023 results: EPS: €1.45 (down from €2.66 in FY 2022). Revenue: €1.18b (up 3.9% from FY 2022). Net income: €58.0m (down 45% from FY 2022). Profit margin: 4.9% (down from 9.4% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) exceeded analyst estimates by 18%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings.
Declared Dividend • Mar 03Dividend of €0.73 announcedShareholders will receive a dividend of €0.73. Ex-date: 21st June 2024 Payment date: 25th June 2024 Dividend yield will be 2.4%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is not covered by earnings (107% earnings payout ratio) nor is it covered by cash flows (dividend approximately 6x free cash flows). The dividend has increased by an average of 9.4% per year over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 19% to bring the payout ratio under control. EPS is expected to grow by 141% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
お知らせ • Jan 26Befesa S.A.(XTRA:BFSA) dropped from Germany SDAX (Total Return) IndexBefesa S.A. has been dropped from Germany SDAX (Total Return) Index.
Valuation Update With 7 Day Price Move • Nov 14Investor sentiment improves as stock rises 21%After last week's 21% share price gain to €31.76, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 12x in the Commercial Services industry in Germany. Total loss to shareholders of 11% over the past three years.
お知らせ • Oct 28+ 5 more updatesBefesa S.A. to Report Q1, 2024 Results on Apr 25, 2024Befesa S.A. announced that they will report Q1, 2024 results on Apr 25, 2024
Reported Earnings • Oct 27Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2023 results: EPS: €0.18 (down from €0.93 in 3Q 2022). Revenue: €288.7m (up 1.2% from 3Q 2022). Net income: €7.30m (down 80% from 3Q 2022). Profit margin: 2.5% (down from 13% in 3Q 2022). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 50%. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
Reported Earnings • Jul 28Second quarter 2023 earnings: EPS and revenues miss analyst expectationsSecond quarter 2023 results: EPS: €0.13 (down from €0.58 in 2Q 2022). Revenue: €293.5m (down 5.7% from 2Q 2022). Net income: €5.09m (down 78% from 2Q 2022). Profit margin: 1.7% (down from 7.4% in 2Q 2022). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 69%. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Upcoming Dividend • Jun 09Upcoming dividend of €1.25 per share at 3.5% yieldEligible shareholders must have bought the stock before 16 June 2023. Payment date: 20 June 2023. Payout ratio is a comfortable 53% but the company is paying out more than the cash it is generating. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.2%).
Reported Earnings • May 06First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2023 results: EPS: €0.38 (down from €0.68 in 1Q 2022). Revenue: €322.0m (up 23% from 1Q 2022). Net income: €15.2m (down 44% from 1Q 2022). Profit margin: 4.7% (down from 10% in 1Q 2022). Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) missed analyst estimates by 17%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 24Full year 2022 earnings: EPS in line with analyst expectations despite revenue beatFull year 2022 results: EPS: €2.66. Revenue: €1.14b (up 38% from FY 2021). Net income: €106.2m (up 6.5% from FY 2021). Profit margin: 9.4% (down from 12% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Commercial Services industry in Germany.
Buying Opportunity • Feb 11Now 21% undervaluedOver the last 90 days, the stock is up 17%. The fair value is estimated to be €62.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 9.8%. For the next 3 years, revenue is forecast to grow by 9.0% per annum. Earnings is also forecast to grow by 3.0% per annum over the same time period.
お知らせ • Nov 17Befesa S.A. to Report Fiscal Year 2022 Final Results on Mar 23, 2023Befesa S.A. announced that they will report fiscal year 2022 final results on Mar 23, 2023
お知らせ • Nov 15+ 2 more updatesBefesa S.A., Annual General Meeting, Jun 15, 2023Befesa S.A., Annual General Meeting, Jun 15, 2023.
Valuation Update With 7 Day Price Move • Nov 11Investor sentiment improved over the past weekAfter last week's 16% share price gain to €40.30, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Commercial Services industry in Germany. Total returns to shareholders of 19% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €53.45 per share.
Reported Earnings • Oct 29Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: €0.93 (up from €0.40 in 3Q 2021). Revenue: €285.3m (up 50% from 3Q 2021). Net income: €37.2m (up 134% from 3Q 2021). Profit margin: 13% (up from 8.4% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) also surpassed analyst estimates by 154%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Oct 21Price target decreased to €53.00Down from €58.18, the current price target is an average from 11 analysts. New target price is 58% above last closing price of €33.46. Stock is down 51% over the past year. The company is forecast to post earnings per share of €2.51 for next year compared to €2.68 last year.
Price Target Changed • Sep 19Price target decreased to €58.18Down from €63.30, the current price target is an average from 11 analysts. New target price is 81% above last closing price of €32.08. Stock is down 51% over the past year. The company is forecast to post earnings per share of €2.52 for next year compared to €2.68 last year.
Valuation Update With 7 Day Price Move • Sep 17Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to €32.08, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Commercial Services industry in Germany. Total returns to shareholders of 5.5% over the past three years.
Reported Earnings • Jul 30Second quarter 2022 earnings released: EPS: €0.58 (vs €0.60 in 2Q 2021)Second quarter 2022 results: EPS: €0.58. Revenue: €311.1m (up 62% from 2Q 2021). Net income: €23.0m (up 11% from 2Q 2021). Profit margin: 7.4% (down from 11% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 8.1%, compared to a 5.3% growth forecast for the industry in Germany.
Price Target Changed • Jul 20Price target decreased to €69.02Down from €76.17, the current price target is an average from 10 analysts. New target price is 52% above last closing price of €45.34. Stock is down 28% over the past year. The company is forecast to post earnings per share of €2.97 for next year compared to €2.68 last year.
Price Target Changed • Jul 14Price target decreased to €70.92Down from €76.77, the current price target is an average from 10 analysts. New target price is 65% above last closing price of €43.00. Stock is down 36% over the past year. The company is forecast to post earnings per share of €2.98 for next year compared to €2.68 last year.
Upcoming Dividend • Jun 10Upcoming dividend of €1.25 per shareEligible shareholders must have bought the stock before 17 June 2022. Payment date: 21 June 2022. Payout ratio is a comfortable 48% but the company is paying out more than the cash it is generating. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (4.3%). Lower than average of industry peers (3.3%).
Reported Earnings • May 01First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: €0.68. Revenue: €261.4m (up 36% from 1Q 2021). Net income: €27.0m (up 8.9% from 1Q 2021). Profit margin: 10% (down from 13% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 26%. Over the next year, revenue is forecast to grow 18%, compared to a 16% growth forecast for the industry in Germany.
Reported Earnings • Apr 01Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: €2.68 (up from €1.40 in FY 2020). Revenue: €821.6m (up 36% from FY 2020). Net income: €99.7m (up 110% from FY 2020). Profit margin: 12% (up from 7.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 2.6%. Over the next year, revenue is forecast to grow 34%, compared to a 26% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.
Reported Earnings • Nov 01Third quarter 2021 earnings released: EPS €0.40 (vs €0.32 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €190.0m (up 31% from 3Q 2020). Net income: €15.9m (up 47% from 3Q 2020). Profit margin: 8.4% (up from 7.5% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.
お知らせ • Aug 20Befesa S.A. (XTRA:BFSA) completed the acquisition of American Zinc Recycling Corp. from American Zinc Recycling LLC and others.Befesa S.A. (XTRA:BFSA) entered into an agreement to acquire American Zinc Recycling Corp. from American Zinc Recycling LLC and others for $450 million on June 16, 2021. Additionally, Befesa will invest $10 million for a minority stake in AZR’s downstream refining operation in Rutherford County, NC, American Zinc Products (“AZP”), forming a joint venture with the current ownership i.e. As part of the agreement, Befesa will also acquire a minority stake of 6.9% of the equity interests in American Zinc Products LLC ("AZP"), AZR's zinc refining subsidiary, for $10 million with the option to acquire the remaining 93.1% of the equity interests in AZP for a consideration of USD 135 million (subject to customary adjustments), plus an additional earn out in an amount of up to $29 million. The acquisition will be financed through a capital increase and a pre-approved term loan B (TLB) add-on of EUR 90 million, maintaining Befesa's leverage ratio at similar levels post acquisition. AZP employees will remain with the joint venture. The combined company will include all employees in AZR’s recycling business, and will operate under the Befesa name. The International Metals Reclamation Company (INMETCO), will continue to be a wholly owned subsidiary of AZR and operate as a standalone business. The transaction is subject to antitrust approval, regulatory approvals and other customary closing conditions. The expected closing date of the transaction is Q3 2021. BMO Capital Markets Corp. acted as a financial advisor to American Zinc Recycling Corp. and Iain Wood, Nicholas Houpt, Evan Goodman and William Pelak of Akin Gump Strauss Hauer & Feld LLP acted as a legal advisors to American Zinc Recycling Corp. Rohan Sawhney of Citigroup Inc. (NYSE:C) . acted as a financial advisor to American Zinc Recycling Corp. Noerr LLP acted as legal advisor to Befesa S.A. (XTRA:BFSA) Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor to Befesa S.A. (XTRA:BFSA) Befesa S.A. (XTRA:BFSA) completed the acquisition of American Zinc Recycling Corp. from American Zinc Recycling LLC and others on August 19, 2021. AZR reports that it will continue to own a majority interest in American Zinc Products with a U.S. subsidiary of Glencore S.A. continuing to own the remaining interests. As part of the transaction, AZR LLC will be renamed Metals Recovery Holdings LLC. Michael Griffin will become president and CEO of AZR LLC. Andrew Repine will become chief financial officer of AZR.
Price Target Changed • Jun 22Price target increased to €67.37Up from €62.31, the current price target is an average from 6 analysts. New target price is 9.0% above last closing price of €61.80. Stock is up 89% over the past year.
お知らせ • Jun 18+ 1 more updateBefesa S.A. has completed a Follow-on Equity Offering in the amount of €332.264408 million.Befesa S.A. has completed a Follow-on Equity Offering in the amount of €332.264408 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 5,933,293 Price\Range: €56 Transaction Features: Subsequent Direct Listing
お知らせ • Apr 27Befesa S.A. Proposes Dividend for the Year 2021Befesa S.A. at its annual general meeting to be held on June 30, 2021, proposed dividend distribution of EUR 40 million (EUR 1.17 per share) for 2021, equal to 84% of 2020 net profit of EUR 47.6 million, equal to 50% on a two-year basis, at the upper end of the company’s dividend policy.
Reported Earnings • Mar 27Full year 2020 earnings released: EPS €1.40 (vs €2.43 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €604.3m (down 6.7% from FY 2019). Net income: €47.6m (down 42% from FY 2019). Profit margin: 7.9% (down from 13% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
Price Target Changed • Mar 01Price target raised to €58.03Up from €52.46, the current price target is an average from 5 analysts. The new target price is close to the current share price of €56.20. As of last close, the stock is up 92% over the past year.
お知らせ • Jan 30+ 2 more updatesBefesa S.A. to Report Fiscal Year 2020 Final Results on Mar 25, 2021Befesa S.A. announced that they will report fiscal year 2020 final results on Mar 25, 2021
Is New 90 Day High Low • Jan 20New 90-day high: €58.70The company is up 64% from its price of €35.70 on 22 October 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 36% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €55.72 per share.
Price Target Changed • Jan 15Price target raised to €52.46Up from €48.89, the current price target is an average from 6 analysts. The new target price is close to the current share price of €55.00. As of last close, the stock is up 58% over the past year.
Is New 90 Day High Low • Dec 24New 90-day high: €49.25The company is up 45% from its price of €34.00 on 25 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 31% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €53.37 per share.
Is New 90 Day High Low • Dec 04New 90-day high: €44.80The company is up 35% from its price of €33.20 on 04 September 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €33.60 per share.
Price Target Changed • Dec 01Price target raised to €45.89Up from €40.66, the current price target is an average from 6 analysts. The new target price is 6.0% above the current share price of €43.30. As of last close, the stock is up 29% over the past year.
お知らせ • Nov 26Befesa S.A. to Report Fiscal Year 2020 Results on Feb 23, 2021Befesa S.A. announced that they will report fiscal year 2020 results on Feb 23, 2021
お知らせ • Nov 20+ 1 more updateBefesa S.A. to Report First Half, 2021 Results on Jul 29, 2021Befesa S.A. announced that they will report first half, 2021 results on Jul 29, 2021
Is New 90 Day High Low • Nov 10New 90-day high: €37.65The company is up 16% from its price of €32.45 on 11 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €33.18 per share.
Analyst Estimate Surprise Post Earnings • Nov 03Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 7.2%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Over the next year, revenue is forecast to grow 7.4% while the growth in Commercial Services industry in Germany is expected to stay flat.
Reported Earnings • Nov 03Third quarter 2020 earnings released: EPS €0.32The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €145.2m (down 1.6% from 3Q 2019). Net income: €10.8m (down 42% from 3Q 2019). Profit margin: 7.5% (down from 13% in 3Q 2019). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Is New 90 Day High Low • Oct 24New 90-day high: €36.85The company is up 6.0% from its price of €34.65 on 24 July 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €31.88 per share.
Is New 90 Day High Low • Oct 05New 90-day high: €35.70The company is up 7.0% from its price of €33.50 on 07 July 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €31.80 per share.
