View ValuationBefesa 향후 성장Future 기준 점검 2/6Befesa (는) 각각 연간 10.5% 및 4.7% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 11.6% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 12.3% 로 예상됩니다.핵심 정보10.5%이익 성장률11.59%EPS 성장률Commercial Services 이익 성장24.4%매출 성장률4.7%향후 자기자본이익률12.32%애널리스트 커버리지Good마지막 업데이트30 Jul 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updatesReported Earnings • Jul 30Second quarter 2026 earnings released: EPS: €0.61 (vs €0.54 in 2Q 2025)Second quarter 2026 results: EPS: €0.61 (up from €0.54 in 2Q 2025). Revenue: €304.3m (up 3.8% from 2Q 2025). Net income: €24.3m (up 14% from 2Q 2025). Profit margin: 8.0% (up from 7.3% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Commercial Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.New Risk • Jul 03New 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 5.7% 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 High level of debt (62% net debt to equity). 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 (5.7% average weekly change).공고 • Jun 16Befesa S.A. announces Annual dividend, payable on June 19, 2026Befesa S.A. announced Annual dividend of EUR 1.0000 per share payable on June 19, 2026, ex-date on June 17, 2026 and record date on June 18, 2026.Reported Earnings • May 02First quarter 2026 earnings released: EPS: €0.52 (vs €0.47 in 1Q 2025)First quarter 2026 results: EPS: €0.52 (up from €0.47 in 1Q 2025). Revenue: €285.2m (down 7.5% from 1Q 2025). Net income: €20.7m (up 11% from 1Q 2025). Profit margin: 7.3% (up from 6.0% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Commercial Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 19%After last week's 19% share price gain to €34.85, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Commercial Services industry in Europe. Total loss to shareholders of 7.6% over the past three years.New Risk • Mar 03New 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 4.8% 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 High level of debt (70% net debt to equity). 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 (4.8% average weekly change).Reported Earnings • Mar 02Full year 2025 earnings released: EPS: €2.01 (vs €1.27 in FY 2024)Full year 2025 results: EPS: €2.01 (up from €1.27 in FY 2024). Revenue: €1.18b (down 4.6% from FY 2024). Net income: €80.5m (up 58% from FY 2024). Profit margin: 6.8% (up from 4.1% in FY 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Commercial Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 9% per year.Reported Earnings • Nov 02Third quarter 2025 earnings released: EPS: €0.52 (vs €0.12 in 3Q 2024)Third quarter 2025 results: EPS: €0.52 (up from €0.12 in 3Q 2024). Revenue: €290.3m (down 1.2% from 3Q 2024). Net income: €20.7m (up 318% from 3Q 2024). Profit margin: 7.1% (up from 1.7% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Commercial Services industry in Europe.공고 • 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, 2026Reported Earnings • Jul 31Second quarter 2025 earnings released: EPS: €0.54 (vs €0.26 in 2Q 2024)Second quarter 2025 results: EPS: €0.54 (up from €0.26 in 2Q 2024). Revenue: €293.2m (down 9.2% from 2Q 2024). Net income: €21.4m (up 103% from 2Q 2024). Profit margin: 7.3% (up from 3.3% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Commercial Services industry in Europe.Upcoming Dividend • Jun 13Upcoming dividend of €0.64 per shareEligible shareholders must have bought the stock before 20 June 2025. Payment date: 24 June 2025. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Austrian dividend payers (4.8%). Lower than average of industry peers (3.2%).New Risk • May 25New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Austrian stocks, typically moving 7.8% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.8% average weekly change). Minor Risk High level of debt (67% net debt to equity).Reported Earnings • May 02First quarter 2025 earnings released: EPS: €0.47 (vs €0.24 in 1Q 2024)First quarter 2025 results: EPS: €0.47 (up from €0.24 in 1Q 2024). Revenue: €308.4m (up 3.4% from 1Q 2024). Net income: €18.6m (up 97% from 1Q 2024). Profit margin: 6.0% (up from 3.2% in 1Q 2024). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Commercial Services industry in Europe.Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €21.68, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Commercial Services industry in Europe. Total loss to shareholders of 39% over the past year.Valuation Update With 7 Day Price Move • Mar 20Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €27.08, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Commercial Services industry in Europe. Total loss to shareholders of 11% over the past year.Declared Dividend • Mar 13Dividend reduced to €0.64Dividend of €0.64 is 12% lower than last year. Ex-date: 20th June 2025 Payment date: 24th June 2025 Dividend yield will be 2.7%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has decreased over the past 76 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 97% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공고 • 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.Reported Earnings • Nov 01Third quarter 2024 earnings releasedThird 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 is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Commercial Services industry in Europe.공고 • 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 • Jul 26Second quarter 2024 earnings released: EPS: €0.26 (vs €0.13 in 2Q 2023)Second 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 is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Commercial Services industry in Europe.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 Austrian dividend payers (6.2%). Lower than average of industry peers (2.7%).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 5.4% growth forecast for the Commercial Services industry in Europe.Valuation Update With 7 Day Price Move • Apr 25Investor sentiment deteriorates as stock falls 25%After last week's 25% share price decline to €26.30, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Commercial Services industry in Europe. Total loss to shareholders of 32% over the past year.Valuation Update With 7 Day Price Move • Apr 09Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €36.64, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 14x in the Commercial Services industry in Europe. Total loss to shareholders of 4.3% over the past year.New Risk • Mar 25New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 51% 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 Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risks Dividend is not well covered by cash flows (400% cash payout ratio). Share price has been volatile over the past 3 months (4.3% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.9% net profit margin).Reported Earnings • Mar 21Full year 2023 earnings released: EPS: €1.45 (vs €2.66 in FY 2022)Full 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 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 Europe.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 higher than the industry average of 1.6%. 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.공고 • 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 20%After last week's 20% share price gain to €31.74, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 12x in the Commercial Services industry in Europe.공고 • 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 released: EPS: €0.18 (vs €0.93 in 3Q 2022)Third 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 is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Commercial Services industry in Europe.Reported Earnings • Jul 28Second quarter 2023 earnings released: EPS: €0.13 (vs €0.58 in 2Q 2022)Second 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 is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Commercial Services industry in Europe.Reported Earnings • May 07First quarter 2023 earnings released: EPS: €0.38 (vs €0.67 in 1Q 2022)First quarter 2023 results: EPS: €0.38 (down from €0.67 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 is forecast to grow 10% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Commercial Services industry in Europe.Reported Earnings • Mar 24Full year 2022 earnings released: EPS: €2.66 (vs €2.68 in FY 2021)Full 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 is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Commercial Services industry in Europe.Buying Opportunity • Feb 11Now 20% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €61.87, 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.공고 • Nov 15+ 2 more updatesBefesa S.A., Annual General Meeting, Jun 15, 2023Befesa S.A., Annual General Meeting, Jun 15, 2023.이익 및 매출 성장 예측WBAG:BFSA - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20281,3501211652381012/31/20271,3191121572271012/31/20261,26110514822486/30/20261,17185133218N/A3/31/20261,15983132216N/A12/31/20251,18381136212N/A9/30/20251,21687121188N/A6/30/20251,21971109186N/A3/31/20251,24960133211N/A12/31/20241,23951113192N/A9/30/20241,1915596181N/A6/30/20241,1865872162N/A3/31/20241,1575250142N/A12/31/20231,1815843147N/A9/30/20231,2004729144N/A6/30/20231,1797626129N/A3/31/20231,1979419131N/A12/31/20221,13610631137N/A9/30/20221,08812526122N/A6/30/20221,01010420112N/A3/31/202289010242117N/A12/31/202182210040118N/A9/30/20217327856129N/A6/30/20216877385152N/A3/31/20216185844111N/A12/31/2020604483893N/A9/30/2020598532493N/A6/30/202060061-1865N/A3/31/202064875N/A93N/A12/31/201964883N/A103N/A9/30/201967890N/A106N/A6/30/201968789N/A116N/A3/31/201970493N/A112N/A12/31/201872092N/A104N/A9/30/201871650N/A84N/A6/30/201873347N/A96N/A3/31/2018747115N/A73N/A12/31/201772522N/A92N/A9/30/2017709-36N/A74N/A6/30/2017685-43N/A79N/A3/31/2017634-100N/A80N/A12/31/2016612-52N/A56N/A12/31/2015744-84N/A55N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: BFSA 의 연간 예상 수익 증가율(10.5%)이 saving rate(2.3%)보다 높습니다.수익 vs 시장: BFSA 의 연간 수익(10.5%)이 Austrian 시장(7.4%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: BFSA 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: BFSA 의 수익(연간 4.7%)이 Austrian 시장(연간 3.8%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: BFSA 의 수익(연간 4.7%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: BFSA의 자본 수익률은 3년 후 12.3%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YCommercial-services 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/31 08:41종가2026/07/31 00:00수익2026/06/30연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Befesa S.A.는 22명의 분석가가 다루고 있습니다. 이 중 10명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Jaime EscribanoBanco SantanderCarlos Javier Treviño PeinadorBanco SantanderLasse StuebenBerenberg19명의 분석가 더 보기
Reported Earnings • Jul 30Second quarter 2026 earnings released: EPS: €0.61 (vs €0.54 in 2Q 2025)Second quarter 2026 results: EPS: €0.61 (up from €0.54 in 2Q 2025). Revenue: €304.3m (up 3.8% from 2Q 2025). Net income: €24.3m (up 14% from 2Q 2025). Profit margin: 8.0% (up from 7.3% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Commercial Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
New Risk • Jul 03New 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 5.7% 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 High level of debt (62% net debt to equity). 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 (5.7% average weekly change).
공고 • Jun 16Befesa S.A. announces Annual dividend, payable on June 19, 2026Befesa S.A. announced Annual dividend of EUR 1.0000 per share payable on June 19, 2026, ex-date on June 17, 2026 and record date on June 18, 2026.
Reported Earnings • May 02First quarter 2026 earnings released: EPS: €0.52 (vs €0.47 in 1Q 2025)First quarter 2026 results: EPS: €0.52 (up from €0.47 in 1Q 2025). Revenue: €285.2m (down 7.5% from 1Q 2025). Net income: €20.7m (up 11% from 1Q 2025). Profit margin: 7.3% (up from 6.0% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Commercial Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 19%After last week's 19% share price gain to €34.85, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Commercial Services industry in Europe. Total loss to shareholders of 7.6% over the past three years.
New Risk • Mar 03New 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 4.8% 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 High level of debt (70% net debt to equity). 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 (4.8% average weekly change).
Reported Earnings • Mar 02Full year 2025 earnings released: EPS: €2.01 (vs €1.27 in FY 2024)Full year 2025 results: EPS: €2.01 (up from €1.27 in FY 2024). Revenue: €1.18b (down 4.6% from FY 2024). Net income: €80.5m (up 58% from FY 2024). Profit margin: 6.8% (up from 4.1% in FY 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Commercial Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 9% per year.
Reported Earnings • Nov 02Third quarter 2025 earnings released: EPS: €0.52 (vs €0.12 in 3Q 2024)Third quarter 2025 results: EPS: €0.52 (up from €0.12 in 3Q 2024). Revenue: €290.3m (down 1.2% from 3Q 2024). Net income: €20.7m (up 318% from 3Q 2024). Profit margin: 7.1% (up from 1.7% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Commercial Services industry in Europe.
공고 • 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
Reported Earnings • Jul 31Second quarter 2025 earnings released: EPS: €0.54 (vs €0.26 in 2Q 2024)Second quarter 2025 results: EPS: €0.54 (up from €0.26 in 2Q 2024). Revenue: €293.2m (down 9.2% from 2Q 2024). Net income: €21.4m (up 103% from 2Q 2024). Profit margin: 7.3% (up from 3.3% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Commercial Services industry in Europe.
Upcoming Dividend • Jun 13Upcoming dividend of €0.64 per shareEligible shareholders must have bought the stock before 20 June 2025. Payment date: 24 June 2025. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Austrian dividend payers (4.8%). Lower than average of industry peers (3.2%).
New Risk • May 25New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Austrian stocks, typically moving 7.8% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.8% average weekly change). Minor Risk High level of debt (67% net debt to equity).
Reported Earnings • May 02First quarter 2025 earnings released: EPS: €0.47 (vs €0.24 in 1Q 2024)First quarter 2025 results: EPS: €0.47 (up from €0.24 in 1Q 2024). Revenue: €308.4m (up 3.4% from 1Q 2024). Net income: €18.6m (up 97% from 1Q 2024). Profit margin: 6.0% (up from 3.2% in 1Q 2024). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Commercial Services industry in Europe.
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €21.68, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Commercial Services industry in Europe. Total loss to shareholders of 39% over the past year.
Valuation Update With 7 Day Price Move • Mar 20Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €27.08, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Commercial Services industry in Europe. Total loss to shareholders of 11% over the past year.
Declared Dividend • Mar 13Dividend reduced to €0.64Dividend of €0.64 is 12% lower than last year. Ex-date: 20th June 2025 Payment date: 24th June 2025 Dividend yield will be 2.7%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has decreased over the past 76 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 97% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공고 • 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.
Reported Earnings • Nov 01Third quarter 2024 earnings releasedThird 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 is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Commercial Services industry in Europe.
공고 • 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 • Jul 26Second quarter 2024 earnings released: EPS: €0.26 (vs €0.13 in 2Q 2023)Second 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 is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Commercial Services industry in Europe.
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 Austrian dividend payers (6.2%). Lower than average of industry peers (2.7%).
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 5.4% growth forecast for the Commercial Services industry in Europe.
Valuation Update With 7 Day Price Move • Apr 25Investor sentiment deteriorates as stock falls 25%After last week's 25% share price decline to €26.30, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Commercial Services industry in Europe. Total loss to shareholders of 32% over the past year.
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €36.64, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 14x in the Commercial Services industry in Europe. Total loss to shareholders of 4.3% over the past year.
New Risk • Mar 25New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 51% 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 Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risks Dividend is not well covered by cash flows (400% cash payout ratio). Share price has been volatile over the past 3 months (4.3% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.9% net profit margin).
Reported Earnings • Mar 21Full year 2023 earnings released: EPS: €1.45 (vs €2.66 in FY 2022)Full 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 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 Europe.
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 higher than the industry average of 1.6%. 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.
공고 • 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 20%After last week's 20% share price gain to €31.74, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 12x in the Commercial Services industry in Europe.
공고 • 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 released: EPS: €0.18 (vs €0.93 in 3Q 2022)Third 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 is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Commercial Services industry in Europe.
Reported Earnings • Jul 28Second quarter 2023 earnings released: EPS: €0.13 (vs €0.58 in 2Q 2022)Second 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 is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Commercial Services industry in Europe.
Reported Earnings • May 07First quarter 2023 earnings released: EPS: €0.38 (vs €0.67 in 1Q 2022)First quarter 2023 results: EPS: €0.38 (down from €0.67 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 is forecast to grow 10% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Commercial Services industry in Europe.
Reported Earnings • Mar 24Full year 2022 earnings released: EPS: €2.66 (vs €2.68 in FY 2021)Full 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 is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Commercial Services industry in Europe.
Buying Opportunity • Feb 11Now 20% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €61.87, 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.
공고 • Nov 15+ 2 more updatesBefesa S.A., Annual General Meeting, Jun 15, 2023Befesa S.A., Annual General Meeting, Jun 15, 2023.