View Future GrowthBelysse Group 과거 순이익 실적과거 기준 점검 0/6Belysse Group은 연평균 40.5%의 비율로 수입이 증가해 온 반면, Consumer Durables 산업은 연평균 3.4%의 비율로 감소했습니다. 매출은 연평균 2.9%의 비율로 증가했습니다.핵심 정보40.46%순이익 성장률40.38%주당순이익(EPS) 성장률Consumer Durables 산업 성장률9.93%매출 성장률2.91%자기자본이익률-8.87%순이익률-2.61%다음 순이익 업데이트04 Sep 2026최근 과거 실적 업데이트Reported Earnings • Mar 17Full year 2025 earnings: Revenues miss analyst expectationsFull year 2025 results: Revenue: €254.2m (down 9.3% from FY 2024). Net loss: €6.62m (down 163% from profit in FY 2024). Revenue missed analyst estimates by 5.9%. Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Consumer Durables industry in Europe.공시 • Jan 14+ 1 more updateBelysse Group NV to Report Fiscal Year 2025 Results on Mar 13, 2026Belysse Group NV announced that they will report fiscal year 2025 results on Mar 13, 2026Reported Earnings • Sep 08First half 2025 earnings released: €0.002 loss per share (vs €0.29 profit in 1H 2024)First half 2025 results: €0.002 loss per share (down from €0.29 profit in 1H 2024). Revenue: €134.6m (down 7.0% from 1H 2024). Net loss: €79.0k (down 101% from profit in 1H 2024). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.Reported Earnings • Apr 28Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: €0.29 (up from €0.31 loss in FY 2023). Revenue: €280.4m (down 6.8% from FY 2023). Net income: €10.6m (up €21.7m from FY 2023). Profit margin: 3.8% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 16%. Revenue is forecast to stay flat during the next 3 years compared to a 6.4% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings.Reported Earnings • Mar 09Full year 2024 earnings releasedFull year 2024 results: Revenue: €280.4m (down 6.8% from FY 2023). Net income: €10.6m (up €21.7m from FY 2023). Profit margin: 3.8% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Revenue is forecast to grow 1.4% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the Consumer Durables industry in Europe.공시 • Feb 11Belysse Group NV to Report First Half, 2025 Results on Sep 05, 2025Belysse Group NV announced that they will report first half, 2025 results on Sep 05, 2025모든 업데이트 보기Recent updatesNew Risk • May 04New 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 Belgian stocks, typically moving 7.1% 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 (7.1% average weekly change). Minor Risk Market cap is less than US$100m (€21.3m market cap, or US$25.0m).공시 • Apr 27Belysse Group NV, Annual General Meeting, May 27, 2026Belysse Group NV, Annual General Meeting, May 27, 2026, at 11:00 Romance Standard Time.Reported Earnings • Mar 17Full year 2025 earnings: Revenues miss analyst expectationsFull year 2025 results: Revenue: €254.2m (down 9.3% from FY 2024). Net loss: €6.62m (down 163% from profit in FY 2024). Revenue missed analyst estimates by 5.9%. Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Consumer Durables industry in Europe.공시 • Jan 14+ 1 more updateBelysse Group NV to Report Fiscal Year 2025 Results on Mar 13, 2026Belysse Group NV announced that they will report fiscal year 2025 results on Mar 13, 2026분석 기사 • Dec 04Belysse Group NV (EBR:BELYS) Looks Inexpensive But Perhaps Not Attractive EnoughWhen close to half the companies operating in the Consumer Durables industry in Belgium have price-to-sales ratios (or...Reported Earnings • Sep 08First half 2025 earnings released: €0.002 loss per share (vs €0.29 profit in 1H 2024)First half 2025 results: €0.002 loss per share (down from €0.29 profit in 1H 2024). Revenue: €134.6m (down 7.0% from 1H 2024). Net loss: €79.0k (down 101% from profit in 1H 2024). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • Sep 05Now 25% undervaluedOver the last 90 days, the stock has risen 41% to €1.00. The fair value is estimated to be €1.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only.Valuation Update With 7 Day Price Move • Aug 21Investor sentiment improves as stock rises 36%After last week's 36% share price gain to €1.01, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 12x in the Consumer Durables industry in Europe. Total loss to shareholders of 38% over the past three years.분석 기사 • Aug 21Belysse Group NV's (EBR:BELYS) Low P/S No Reason For ExcitementENXTBR:BELYS 1 Year Share Price vs Fair Value Explore Belysse Group's Fair Values from the Community and select yours...New Risk • Aug 20New 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 Belgian stocks, typically moving 7.3% 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 Risks Interest payments are not well covered by earnings (1.3x net interest cover). Share price has been highly volatile over the past 3 months (7.3% average weekly change). Earnings are forecast to decline by an average of 6.0% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (€30.6m market cap, or US$35.6m).분석 기사 • May 06Why Belysse Group NV (EBR:BELYS) Could Be Worth WatchingBelysse Group NV ( EBR:BELYS ), is not the largest company out there, but it received a lot of attention from a...Reported Earnings • Apr 28Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: €0.29 (up from €0.31 loss in FY 2023). Revenue: €280.4m (down 6.8% from FY 2023). Net income: €10.6m (up €21.7m from FY 2023). Profit margin: 3.8% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 16%. Revenue is forecast to stay flat during the next 3 years compared to a 6.4% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings.공시 • Apr 28Belysse Group NV, Annual General Meeting, May 28, 2025Belysse Group NV, Annual General Meeting, May 28, 2025, at 11:00 Romance Standard Time.Major Estimate Revision • Apr 27Consensus EPS estimates fall by 40%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €284.6m to €276.4m. EPS estimate also fell from €0.10 per share to €0.06 per share. Net income forecast to shrink 79% next year vs 19% growth forecast for Consumer Durables industry in Belgium . Consensus price target of €1.60 unchanged from last update. Share price was steady at €0.79 over the past week.Reported Earnings • Mar 09Full year 2024 earnings releasedFull year 2024 results: Revenue: €280.4m (down 6.8% from FY 2023). Net income: €10.6m (up €21.7m from FY 2023). Profit margin: 3.8% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Revenue is forecast to grow 1.4% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the Consumer Durables industry in Europe.분석 기사 • Mar 05Returns On Capital Are Showing Encouraging Signs At Belysse Group (EBR:BELYS)If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...공시 • Feb 11Belysse Group NV to Report First Half, 2025 Results on Sep 05, 2025Belysse Group NV announced that they will report first half, 2025 results on Sep 05, 2025새로운 내러티브 • Feb 06Operational Efficiencies Will Reduce Costs, But Revenue Decline And Market Challenges Will Persist Significant EBITDA improvements and reduced net debt boost financial health and investor confidence. 분석 기사 • Dec 14Is Belysse Group (EBR:BELYS) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...분석 기사 • Oct 22There's Been No Shortage Of Growth Recently For Belysse Group's (EBR:BELYS) Returns On CapitalIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Typically, we'll...공시 • Oct 21Belysse Group NV to Report Fiscal Year 2024 Results on Mar 07, 2025Belysse Group NV announced that they will report fiscal year 2024 results on Mar 07, 2025분석 기사 • Aug 31We Think Belysse Group's (EBR:BELYS) Solid Earnings Are UnderstatedBelysse Group NV ( EBR:BELYS ) announced a healthy earnings result recently, and the market rewarded it with a strong...분석 기사 • Aug 27Belysse Group NV (EBR:BELYS) Soars 28% But It's A Story Of Risk Vs RewardBelysse Group NV ( EBR:BELYS ) shares have had a really impressive month, gaining 28% after a shaky period beforehand...Reported Earnings • Aug 26First half 2024 earnings released: EPS: €0.29 (vs €0.28 loss in 1H 2023)First half 2024 results: EPS: €0.29 (up from €0.28 loss in 1H 2023). Revenue: €144.7m (down 7.0% from 1H 2023). Net income: €10.5m (up €20.5m from 1H 2023). Profit margin: 7.3% (up from net loss in 1H 2023). The move to profitability was driven by lower expenses. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings.New Risk • Aug 25New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.0x net interest cover). Share price has been highly volatile over the past 3 months (6.8% average weekly change). Earnings are forecast to decline by an average of 17% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (€30.6m market cap, or US$34.2m).분석 기사 • Aug 16Is Belysse Group NV (EBR:BELYS) Trading At A 37% Discount?Key Insights Belysse Group's estimated fair value is €1.32 based on 2 Stage Free Cash Flow to Equity Belysse Group's...Reported Earnings • Apr 25Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: €0.31 loss per share (improved from €0.37 loss in FY 2022). Revenue: €300.9m (down 11% from FY 2022). Net loss: €11.1m (loss narrowed 17% from FY 2022). Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates by 130%. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings.Board Change • Apr 25Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent director Vanessa Temple was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Apr 22Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: €0.31 loss per share (improved from €0.37 loss in FY 2022). Revenue: €300.9m (down 11% from FY 2022). Net loss: €11.1m (loss narrowed 17% from FY 2022). Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates by 130%. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings.공시 • Apr 21Belysse Group NV, Annual General Meeting, May 22, 2024Belysse Group NV, Annual General Meeting, May 22, 2024, at 11:00 Central European Standard Time. Location: Franklin Rooseveltlaan 172-174 Waregem Belgium분석 기사 • Apr 03Belysse Group NV (EBR:BELYS) Shares Fly 29% But Investors Aren't Buying For GrowthThe Belysse Group NV ( EBR:BELYS ) share price has done very well over the last month, posting an excellent gain of...분석 기사 • Mar 29Is Belysse Group NV (EBR:BELYS) Trading At A 28% Discount?Key Insights Using the 2 Stage Free Cash Flow to Equity, Belysse Group fair value estimate is €1.23 Belysse Group is...공시 • Mar 27Belysse Group NV to Report First Half, 2024 Results on Aug 23, 2024Belysse Group NV announced that they will report first half, 2024 results on Aug 23, 2024Reported Earnings • Mar 03Full year 2023 earnings: Revenues miss analyst expectationsFull year 2023 results: Revenue: €300.9m (down 11% from FY 2022). Net loss: €11.1m (loss narrowed 17% from FY 2022). Revenue missed analyst estimates by 2.7%. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Consumer Durables industry in Europe.New Risk • Feb 15New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (€23.7m market cap, or US$25.5m).공시 • Jan 24Belysse Group NV to Report Fiscal Year 2023 Results on Mar 01, 2024Belysse Group NV announced that they will report fiscal year 2023 results on Mar 01, 2024분석 기사 • Dec 14The Returns On Capital At Belysse Group (EBR:BELYS) Don't Inspire ConfidenceIgnoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...Breakeven Date Change • Oct 26Forecast breakeven date pushed back to 2024The 2 analysts covering Belysse Group previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 99% to 2023. The company is expected to make a profit of €8.14m in 2024. Average annual earnings growth of 118% is required to achieve expected profit on schedule.분석 기사 • Sep 07These Return Metrics Don't Make Belysse Group (EBR:BELYS) Look Too StrongWhen we're researching a company, it's sometimes hard to find the warning signs, but there are some financial metrics...분석 기사 • May 06Investors Could Be Concerned With Belysse Group's (EBR:BELYS) Returns On CapitalTo avoid investing in a business that's in decline, there's a few financial metrics that can provide early indications...Reported Earnings • Mar 04Full year 2022 earnings: Revenues exceed analyst expectationsFull year 2022 results: Revenue: €337.4m (up 22% from FY 2021). Net loss: €13.3m (loss narrowed 20% from FY 2021). Revenue exceeded analyst estimates by 11%. Revenue is forecast to stay flat during the next 2 years, in line with the revenue forecast for the Consumer Durables industry in Europe.공시 • Jan 04+ 4 more updatesBelysse Group NV to Report Q3, 2023 Results on Oct 26, 2023Belysse Group NV announced that they will report Q3, 2023 results on Oct 26, 2023Price Target Changed • Nov 16Price target increased to €4.35Up from €4.00, the current price target is an average from 2 analysts. New target price is 207% above last closing price of €1.42. Stock is down 44% over the past year. The company is forecast to post earnings per share of €0.37 next year compared to a net loss per share of €0.46 last year.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Tzachi Wiesenfeld was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Aug 28First half 2022 earnings released: €1.73 loss per share (vs €0.09 loss in 1H 2021)First half 2022 results: €1.73 loss per share (down from €0.09 loss in 1H 2021). Revenue: €164.2m (down 48% from 1H 2021). Net loss: €7.19m (loss widened 117% from 1H 2021). Over the next year, revenue is forecast to stay flat compared to a 5.2% growth forecast for the Consumer Durables industry in Belgium. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 116 percentage points per year, which is a significant difference in performance.Price Target Changed • Apr 27Price target increased to €4.35Up from €4.00, the current price target is an average from 2 analysts. New target price is 34% above last closing price of €3.24. Stock is up 24% over the past year. The company is forecast to post earnings per share of €0.37 next year compared to a net loss per share of €0.46 last year.Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Tzachi Wiesenfeld was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.공시 • Apr 06Victoria plc (AIM:VCP) completed the acquisition of Rugs & UK Carpet Divisions from Balta Group NV (ENXTBR:BALTA).Victoria plc (AIM:VCP) agreed to acquire Rugs & UK Carpet Divisions from Balta Group NV (ENXTBR:BALTA) for approximately €140 million on November 29, 2021. The purchase price will be funded entirely from the Group's cash balances along with additional preferred equity to be provided by KED, a substantial shareholder in Victoria. For the 12 months ended March 31, 2021, the Divisions generated unaudited total revenues of €307.0 million, and EBITDA of €35.5 million. The acquisition will be immediately earnings-accretive. The transaction is expected to complete at the beginning of Quarter second of 2022. Robrecht Coppens, Mathias Hendrickx, Céline De Vuyst, Marc Vermylen, Filip Saelens, Stéphanie De Smedt, Julien Lecler, Wannes Buelens, Eline De Ryck, Eugénie Mennig, Marc Wiggers, Robin Struijlaart, Robert Fröger, Michael Scott, Madeleine Marques, Diogo Morgado Filipe of Loyens & Loeff acted as a Legal Advisor to Balta Group. Rick Thompson, Phil Davies, Alex Bond of Singer Capital Markets acted as Financial Advisor to Victoria plc. Moelis & Company acted ad financial advisor to Balta NV. Victoria plc (AIM:VCP) completed the acquisition of Rugs & UK Carpet Divisions from Balta Group NV (ENXTBR:BALTA) on April 5, 2022.분석 기사 • Feb 27Newsflash: Balta Group NV (EBR:BALTA) Analysts Have Been Trimming Their Revenue ForecastsOne thing we could say about the analysts on Balta Group NV ( EBR:BALTA ) - they aren't optimistic, having just made a...Reported Earnings • Feb 26Full year 2021 earnings: Revenues in line with analyst expectationsFull year 2021 results: Revenue: €276.8m (down 51% from FY 2020). Net loss: €16.5m (loss widened 31% from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 90%, compared to a 9.4% growth forecast for the industry in Belgium.분석 기사 • Dec 08We Think Balta Group (EBR:BALTA) Is Taking Some Risk With Its DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Major Estimate Revision • Dec 08Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate fell from €0.41 to €0.19 per share. Revenue forecast steady at €629.9m. Net income forecast to grow 1,023% next year vs 14% growth forecast for Consumer Durables industry in Belgium. Consensus price target up from €3.00 to €4.00. Share price rose 9.6% to €2.85 over the past week.공시 • Nov 30Victoria plc (AIM:VCP) agreed to acquire Rugs & UK Carpet Divisions of Balta Group NV from Balta Group NV (ENXTBR:BALTA) for £117 million.Victoria plc (AIM:VCP) agreed to acquire Rugs & UK Carpet Divisions of Balta Group NV from Balta Group NV (ENXTBR:BALTA) for £117 million on November 29, 2021. The consideration can be adjusted depending on the working capital movements and cash generation of the Divisions up to completion. In addition, the Divisions have approximately £48 million) of debt (excluding IFRS 16 leases), which is expected to remain in place following completion. The consideration will be funded entirely from the Group's cash balances along with additional preferred equity to be provided by KED, a substantial shareholder in Victoria. Completion of the Acquisition is subject to the conclusion of the carve-out of the Divisions from the rest of the Balta Group and is expected in April 2022. The Acquisition will be immediately earnings-accretive and is a continued step in Victoria's strategy of growing its business with earnings-enhancing acquisitions, and then using available synergies to drive further increases in margin and revenue. Rick Thompson, Phil Davies and Alex Bond of Singer Capital Markets Advisory LLP acting as an advisor to Victoria plc. Berenberg and Peel Hunt acting as a joint broker in the transaction.공시 • Nov 24Victoria in Talks to Buy A Part of BaltaVictoria plc (AIM:VCP) said on November 22, 2021 that it is in talks about the possible acquisition of part of Balta Group NV (ENXTBR:BALTA). In a brief statement in response to press speculation, the company said: "Whilst speculative details in the article are inaccurate, the board can confirm that it is in discussions to potentially acquire a profitable, growing part of Balta's group that it believes possesses good synergy opportunities with Victoria's existing business. "For the avoidance of doubt, the board confirms that Victoria is not contemplating an acquisition of Balta as a whole." Victoria said there is no guarantee any transaction will take place, but, if it did, terms would be in line with its usual acquisition criteria, including being materially earnings accretive. Any deal could be funded entirely from existing resources and in line with the board’s financial policy, it said.Reported Earnings • Aug 29First half 2021 earnings released: €0.09 loss per share (vs €0.47 loss in 1H 2020)The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: €318.3m (up 20% from 1H 2020). Net loss: €3.32m (loss narrowed 80% from 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance.Price Target Changed • Jun 10Price target increased to €3.00Up from €2.50, the current price target is an average from 2 analysts. New target price is 6.8% above last closing price of €2.81. Stock is up 146% over the past year.분석 기사 • May 31Investors Could Be Concerned With Balta Group's (EBR:BALTA) Returns On CapitalIgnoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...Reported Earnings • Apr 29Full year 2020 earnings released: €0.35 loss per share (vs €0.29 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €561.8m (down 16% from FY 2019). Net loss: €12.6m (down 221% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 45 percentage points per year, which is a significant difference in performance.Analyst Estimate Surprise Post Earnings • Mar 13Revenue beats expectationsRevenue exceeded analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 15%, compared to a 17% growth forecast for the Consumer Durables industry in Belgium.분석 기사 • Mar 13Does Balta Group (EBR:BALTA) Have A Healthy Balance Sheet?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...Reported Earnings • Mar 11Full year 2020 earnings releasedThe company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €561.8m (down 16% from FY 2019). Net loss: €12.6m (down 221% from profit in FY 2019).Is New 90 Day High Low • Feb 20New 90-day high: €2.50The company is up 28% from its price of €1.95 on 20 November 2020. The Belgian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.53 per share.분석 기사 • Feb 14Will Balta Group (EBR:BALTA) Multiply In Value Going Forward?If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...분석 기사 • Jan 11What Is The Ownership Structure Like For Balta Group NV (EBR:BALTA)?A look at the shareholders of Balta Group NV ( EBR:BALTA ) can tell us which group is most powerful. Generally...분석 기사 • Dec 14Balta Group NV's (EBR:BALTA) Intrinsic Value Is Potentially 77% Above Its Share PriceToday we will run through one way of estimating the intrinsic value of Balta Group NV ( EBR:BALTA ) by taking the...분석 기사 • Nov 18Balta Group's (EBR:BALTA) Shareholders Are Down 86% On Their SharesIt is a pleasure to report that the Balta Group NV (EBR:BALTA) is up 44% in the last quarter. But only the myopic...Price Target Changed • Nov 11Price target raised to €1.43Up from €1.33, the current price target is an average from 2 analysts. The new target price is 5.4% above the current share price of €1.36. As of last close, the stock is down 48% over the past year.Major Estimate Revision • Nov 11Analysts update estimatesThe company's losses in 2020 are expected to improve with analysts raising their consensus EPS forecasts from -€0.58 to -€0.47. Revenue estimate was approximately flat at €545.1m. The Consumer Durables industry in Belgium is expected to see an average net income growth of 20% next year. The consensus price target increased from €1.33 to €1.43. Share price is up 15% to €1.36 over the past week.공시 • Nov 06Balta Group NV to Report Fiscal Year 2020 Results on Mar 10, 2021Balta Group NV announced that they will report fiscal year 2020 results on Mar 10, 2021Is New 90 Day High Low • Nov 05New 90-day high: €1.26The company is up 14% from its price of €1.10 on 07 August 2020. The Belgian market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.07 per share.Is New 90 Day High Low • Oct 08New 90-day low: €1.01The company is down 13% from its price of €1.16 on 10 July 2020. The Belgian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.07 per share.공시 • Sep 22+ 2 more updatesBalta Group NV to Report Q1, 2021 Results on May 12, 2021Balta Group NV announced that they will report Q1, 2021 results on May 12, 2021Is New 90 Day High Low • Sep 22New 90-day low: €1.03The company is down 12% from its price of €1.16 on 24 June 2020. The Belgian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.07 per share.분석 기사 • Aug 30Should You Use Balta Group's (EBR:BALTA) Statutory Earnings To Analyse It?Many investors consider it preferable to invest in profitable companies over unprofitable ones, because profitability...분석 기사 • Aug 03Has Balta Group (EBR:BALTA) Got What It Takes To Become A Multi-Bagger?If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...분석 기사 • Jul 07Balta Group NV (EBR:BALTA) Might Not Be As Mispriced As It LooksWith a price-to-earnings (or "P/E") ratio of 3.9x Balta Group NV (EBR:BALTA) may be sending very bullish signals at...매출 및 비용 세부 내역Belysse Group가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이ENXTBR:BELYS 매출, 비용 및 순이익 (EUR Millions)날짜매출순이익일반관리비연구개발비31 Dec 25254-773030 Sep 25262-374030 Jun 25270075031 Mar 25275576031 Dec 242801177030 Sep 242851076030 Jun 24290975031 Mar 24295-176031 Dec 23301-1176030 Sep 23315-1478030 Jun 23329-1679031 Mar 23333-1579031 Dec 22337-1378030 Sep 22323-1484030 Jun 22309-1590031 Mar 22293-1686031 Dec 21277-1783030 Jun 21124-934031 Mar 21191-1355031 Dec 20258-1775030 Sep 20574-11153030 Jun 20586-9155031 Mar 206291161031 Dec 1967110167030 Sep 196739166030 Jun 196767164031 Mar 196617162031 Dec 186467159030 Sep 186485157030 Jun 186492154031 Mar 186674156031 Dec 176613151030 Sep 1763116146030 Jun 1760129140031 Mar 1756523131031 Dec 1655825130031 Dec 15557-441370양질의 수익: BELYS 은(는) 현재 수익성이 없습니다.이익 마진 증가: BELYS는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: BELYS는 수익성이 없지만 지난 5년 동안 연평균 40.5%의 속도로 손실을 줄였습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 BELYS의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: BELYS은 수익성이 없어 지난 해 수익 성장률을 Consumer Durables 업계(5.4%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: BELYS는 현재 수익성이 없으므로 자본 수익률이 음수(-8.87%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YConsumer-durables 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/21 19:11종가2026/05/21 00:00수익2025/12/31연간 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 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.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 소스Belysse Group NV는 5명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Pierre Sylvain RousseauBarclaysPierre Sylvain RousseauBarclaysPriyal WoolfDeutsche Bank2명의 분석가 더 보기
Reported Earnings • Mar 17Full year 2025 earnings: Revenues miss analyst expectationsFull year 2025 results: Revenue: €254.2m (down 9.3% from FY 2024). Net loss: €6.62m (down 163% from profit in FY 2024). Revenue missed analyst estimates by 5.9%. Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Consumer Durables industry in Europe.
공시 • Jan 14+ 1 more updateBelysse Group NV to Report Fiscal Year 2025 Results on Mar 13, 2026Belysse Group NV announced that they will report fiscal year 2025 results on Mar 13, 2026
Reported Earnings • Sep 08First half 2025 earnings released: €0.002 loss per share (vs €0.29 profit in 1H 2024)First half 2025 results: €0.002 loss per share (down from €0.29 profit in 1H 2024). Revenue: €134.6m (down 7.0% from 1H 2024). Net loss: €79.0k (down 101% from profit in 1H 2024). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.
Reported Earnings • Apr 28Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: €0.29 (up from €0.31 loss in FY 2023). Revenue: €280.4m (down 6.8% from FY 2023). Net income: €10.6m (up €21.7m from FY 2023). Profit margin: 3.8% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 16%. Revenue is forecast to stay flat during the next 3 years compared to a 6.4% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings.
Reported Earnings • Mar 09Full year 2024 earnings releasedFull year 2024 results: Revenue: €280.4m (down 6.8% from FY 2023). Net income: €10.6m (up €21.7m from FY 2023). Profit margin: 3.8% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Revenue is forecast to grow 1.4% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the Consumer Durables industry in Europe.
공시 • Feb 11Belysse Group NV to Report First Half, 2025 Results on Sep 05, 2025Belysse Group NV announced that they will report first half, 2025 results on Sep 05, 2025
New Risk • May 04New 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 Belgian stocks, typically moving 7.1% 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 (7.1% average weekly change). Minor Risk Market cap is less than US$100m (€21.3m market cap, or US$25.0m).
공시 • Apr 27Belysse Group NV, Annual General Meeting, May 27, 2026Belysse Group NV, Annual General Meeting, May 27, 2026, at 11:00 Romance Standard Time.
Reported Earnings • Mar 17Full year 2025 earnings: Revenues miss analyst expectationsFull year 2025 results: Revenue: €254.2m (down 9.3% from FY 2024). Net loss: €6.62m (down 163% from profit in FY 2024). Revenue missed analyst estimates by 5.9%. Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Consumer Durables industry in Europe.
공시 • Jan 14+ 1 more updateBelysse Group NV to Report Fiscal Year 2025 Results on Mar 13, 2026Belysse Group NV announced that they will report fiscal year 2025 results on Mar 13, 2026
분석 기사 • Dec 04Belysse Group NV (EBR:BELYS) Looks Inexpensive But Perhaps Not Attractive EnoughWhen close to half the companies operating in the Consumer Durables industry in Belgium have price-to-sales ratios (or...
Reported Earnings • Sep 08First half 2025 earnings released: €0.002 loss per share (vs €0.29 profit in 1H 2024)First half 2025 results: €0.002 loss per share (down from €0.29 profit in 1H 2024). Revenue: €134.6m (down 7.0% from 1H 2024). Net loss: €79.0k (down 101% from profit in 1H 2024). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • Sep 05Now 25% undervaluedOver the last 90 days, the stock has risen 41% to €1.00. The fair value is estimated to be €1.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only.
Valuation Update With 7 Day Price Move • Aug 21Investor sentiment improves as stock rises 36%After last week's 36% share price gain to €1.01, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 12x in the Consumer Durables industry in Europe. Total loss to shareholders of 38% over the past three years.
분석 기사 • Aug 21Belysse Group NV's (EBR:BELYS) Low P/S No Reason For ExcitementENXTBR:BELYS 1 Year Share Price vs Fair Value Explore Belysse Group's Fair Values from the Community and select yours...
New Risk • Aug 20New 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 Belgian stocks, typically moving 7.3% 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 Risks Interest payments are not well covered by earnings (1.3x net interest cover). Share price has been highly volatile over the past 3 months (7.3% average weekly change). Earnings are forecast to decline by an average of 6.0% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (€30.6m market cap, or US$35.6m).
분석 기사 • May 06Why Belysse Group NV (EBR:BELYS) Could Be Worth WatchingBelysse Group NV ( EBR:BELYS ), is not the largest company out there, but it received a lot of attention from a...
Reported Earnings • Apr 28Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: €0.29 (up from €0.31 loss in FY 2023). Revenue: €280.4m (down 6.8% from FY 2023). Net income: €10.6m (up €21.7m from FY 2023). Profit margin: 3.8% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 16%. Revenue is forecast to stay flat during the next 3 years compared to a 6.4% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings.
공시 • Apr 28Belysse Group NV, Annual General Meeting, May 28, 2025Belysse Group NV, Annual General Meeting, May 28, 2025, at 11:00 Romance Standard Time.
Major Estimate Revision • Apr 27Consensus EPS estimates fall by 40%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €284.6m to €276.4m. EPS estimate also fell from €0.10 per share to €0.06 per share. Net income forecast to shrink 79% next year vs 19% growth forecast for Consumer Durables industry in Belgium . Consensus price target of €1.60 unchanged from last update. Share price was steady at €0.79 over the past week.
Reported Earnings • Mar 09Full year 2024 earnings releasedFull year 2024 results: Revenue: €280.4m (down 6.8% from FY 2023). Net income: €10.6m (up €21.7m from FY 2023). Profit margin: 3.8% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Revenue is forecast to grow 1.4% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the Consumer Durables industry in Europe.
분석 기사 • Mar 05Returns On Capital Are Showing Encouraging Signs At Belysse Group (EBR:BELYS)If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...
공시 • Feb 11Belysse Group NV to Report First Half, 2025 Results on Sep 05, 2025Belysse Group NV announced that they will report first half, 2025 results on Sep 05, 2025
새로운 내러티브 • Feb 06Operational Efficiencies Will Reduce Costs, But Revenue Decline And Market Challenges Will Persist Significant EBITDA improvements and reduced net debt boost financial health and investor confidence.
분석 기사 • Dec 14Is Belysse Group (EBR:BELYS) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
분석 기사 • Oct 22There's Been No Shortage Of Growth Recently For Belysse Group's (EBR:BELYS) Returns On CapitalIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Typically, we'll...
공시 • Oct 21Belysse Group NV to Report Fiscal Year 2024 Results on Mar 07, 2025Belysse Group NV announced that they will report fiscal year 2024 results on Mar 07, 2025
분석 기사 • Aug 31We Think Belysse Group's (EBR:BELYS) Solid Earnings Are UnderstatedBelysse Group NV ( EBR:BELYS ) announced a healthy earnings result recently, and the market rewarded it with a strong...
분석 기사 • Aug 27Belysse Group NV (EBR:BELYS) Soars 28% But It's A Story Of Risk Vs RewardBelysse Group NV ( EBR:BELYS ) shares have had a really impressive month, gaining 28% after a shaky period beforehand...
Reported Earnings • Aug 26First half 2024 earnings released: EPS: €0.29 (vs €0.28 loss in 1H 2023)First half 2024 results: EPS: €0.29 (up from €0.28 loss in 1H 2023). Revenue: €144.7m (down 7.0% from 1H 2023). Net income: €10.5m (up €20.5m from 1H 2023). Profit margin: 7.3% (up from net loss in 1H 2023). The move to profitability was driven by lower expenses. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings.
New Risk • Aug 25New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.0x net interest cover). Share price has been highly volatile over the past 3 months (6.8% average weekly change). Earnings are forecast to decline by an average of 17% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (€30.6m market cap, or US$34.2m).
분석 기사 • Aug 16Is Belysse Group NV (EBR:BELYS) Trading At A 37% Discount?Key Insights Belysse Group's estimated fair value is €1.32 based on 2 Stage Free Cash Flow to Equity Belysse Group's...
Reported Earnings • Apr 25Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: €0.31 loss per share (improved from €0.37 loss in FY 2022). Revenue: €300.9m (down 11% from FY 2022). Net loss: €11.1m (loss narrowed 17% from FY 2022). Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates by 130%. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings.
Board Change • Apr 25Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent director Vanessa Temple was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Apr 22Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: €0.31 loss per share (improved from €0.37 loss in FY 2022). Revenue: €300.9m (down 11% from FY 2022). Net loss: €11.1m (loss narrowed 17% from FY 2022). Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates by 130%. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings.
공시 • Apr 21Belysse Group NV, Annual General Meeting, May 22, 2024Belysse Group NV, Annual General Meeting, May 22, 2024, at 11:00 Central European Standard Time. Location: Franklin Rooseveltlaan 172-174 Waregem Belgium
분석 기사 • Apr 03Belysse Group NV (EBR:BELYS) Shares Fly 29% But Investors Aren't Buying For GrowthThe Belysse Group NV ( EBR:BELYS ) share price has done very well over the last month, posting an excellent gain of...
분석 기사 • Mar 29Is Belysse Group NV (EBR:BELYS) Trading At A 28% Discount?Key Insights Using the 2 Stage Free Cash Flow to Equity, Belysse Group fair value estimate is €1.23 Belysse Group is...
공시 • Mar 27Belysse Group NV to Report First Half, 2024 Results on Aug 23, 2024Belysse Group NV announced that they will report first half, 2024 results on Aug 23, 2024
Reported Earnings • Mar 03Full year 2023 earnings: Revenues miss analyst expectationsFull year 2023 results: Revenue: €300.9m (down 11% from FY 2022). Net loss: €11.1m (loss narrowed 17% from FY 2022). Revenue missed analyst estimates by 2.7%. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Consumer Durables industry in Europe.
New Risk • Feb 15New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (€23.7m market cap, or US$25.5m).
공시 • Jan 24Belysse Group NV to Report Fiscal Year 2023 Results on Mar 01, 2024Belysse Group NV announced that they will report fiscal year 2023 results on Mar 01, 2024
분석 기사 • Dec 14The Returns On Capital At Belysse Group (EBR:BELYS) Don't Inspire ConfidenceIgnoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...
Breakeven Date Change • Oct 26Forecast breakeven date pushed back to 2024The 2 analysts covering Belysse Group previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 99% to 2023. The company is expected to make a profit of €8.14m in 2024. Average annual earnings growth of 118% is required to achieve expected profit on schedule.
분석 기사 • Sep 07These Return Metrics Don't Make Belysse Group (EBR:BELYS) Look Too StrongWhen we're researching a company, it's sometimes hard to find the warning signs, but there are some financial metrics...
분석 기사 • May 06Investors Could Be Concerned With Belysse Group's (EBR:BELYS) Returns On CapitalTo avoid investing in a business that's in decline, there's a few financial metrics that can provide early indications...
Reported Earnings • Mar 04Full year 2022 earnings: Revenues exceed analyst expectationsFull year 2022 results: Revenue: €337.4m (up 22% from FY 2021). Net loss: €13.3m (loss narrowed 20% from FY 2021). Revenue exceeded analyst estimates by 11%. Revenue is forecast to stay flat during the next 2 years, in line with the revenue forecast for the Consumer Durables industry in Europe.
공시 • Jan 04+ 4 more updatesBelysse Group NV to Report Q3, 2023 Results on Oct 26, 2023Belysse Group NV announced that they will report Q3, 2023 results on Oct 26, 2023
Price Target Changed • Nov 16Price target increased to €4.35Up from €4.00, the current price target is an average from 2 analysts. New target price is 207% above last closing price of €1.42. Stock is down 44% over the past year. The company is forecast to post earnings per share of €0.37 next year compared to a net loss per share of €0.46 last year.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Tzachi Wiesenfeld was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Aug 28First half 2022 earnings released: €1.73 loss per share (vs €0.09 loss in 1H 2021)First half 2022 results: €1.73 loss per share (down from €0.09 loss in 1H 2021). Revenue: €164.2m (down 48% from 1H 2021). Net loss: €7.19m (loss widened 117% from 1H 2021). Over the next year, revenue is forecast to stay flat compared to a 5.2% growth forecast for the Consumer Durables industry in Belgium. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 116 percentage points per year, which is a significant difference in performance.
Price Target Changed • Apr 27Price target increased to €4.35Up from €4.00, the current price target is an average from 2 analysts. New target price is 34% above last closing price of €3.24. Stock is up 24% over the past year. The company is forecast to post earnings per share of €0.37 next year compared to a net loss per share of €0.46 last year.
Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Tzachi Wiesenfeld was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
공시 • Apr 06Victoria plc (AIM:VCP) completed the acquisition of Rugs & UK Carpet Divisions from Balta Group NV (ENXTBR:BALTA).Victoria plc (AIM:VCP) agreed to acquire Rugs & UK Carpet Divisions from Balta Group NV (ENXTBR:BALTA) for approximately €140 million on November 29, 2021. The purchase price will be funded entirely from the Group's cash balances along with additional preferred equity to be provided by KED, a substantial shareholder in Victoria. For the 12 months ended March 31, 2021, the Divisions generated unaudited total revenues of €307.0 million, and EBITDA of €35.5 million. The acquisition will be immediately earnings-accretive. The transaction is expected to complete at the beginning of Quarter second of 2022. Robrecht Coppens, Mathias Hendrickx, Céline De Vuyst, Marc Vermylen, Filip Saelens, Stéphanie De Smedt, Julien Lecler, Wannes Buelens, Eline De Ryck, Eugénie Mennig, Marc Wiggers, Robin Struijlaart, Robert Fröger, Michael Scott, Madeleine Marques, Diogo Morgado Filipe of Loyens & Loeff acted as a Legal Advisor to Balta Group. Rick Thompson, Phil Davies, Alex Bond of Singer Capital Markets acted as Financial Advisor to Victoria plc. Moelis & Company acted ad financial advisor to Balta NV. Victoria plc (AIM:VCP) completed the acquisition of Rugs & UK Carpet Divisions from Balta Group NV (ENXTBR:BALTA) on April 5, 2022.
분석 기사 • Feb 27Newsflash: Balta Group NV (EBR:BALTA) Analysts Have Been Trimming Their Revenue ForecastsOne thing we could say about the analysts on Balta Group NV ( EBR:BALTA ) - they aren't optimistic, having just made a...
Reported Earnings • Feb 26Full year 2021 earnings: Revenues in line with analyst expectationsFull year 2021 results: Revenue: €276.8m (down 51% from FY 2020). Net loss: €16.5m (loss widened 31% from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 90%, compared to a 9.4% growth forecast for the industry in Belgium.
분석 기사 • Dec 08We Think Balta Group (EBR:BALTA) Is Taking Some Risk With Its DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Major Estimate Revision • Dec 08Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate fell from €0.41 to €0.19 per share. Revenue forecast steady at €629.9m. Net income forecast to grow 1,023% next year vs 14% growth forecast for Consumer Durables industry in Belgium. Consensus price target up from €3.00 to €4.00. Share price rose 9.6% to €2.85 over the past week.
공시 • Nov 30Victoria plc (AIM:VCP) agreed to acquire Rugs & UK Carpet Divisions of Balta Group NV from Balta Group NV (ENXTBR:BALTA) for £117 million.Victoria plc (AIM:VCP) agreed to acquire Rugs & UK Carpet Divisions of Balta Group NV from Balta Group NV (ENXTBR:BALTA) for £117 million on November 29, 2021. The consideration can be adjusted depending on the working capital movements and cash generation of the Divisions up to completion. In addition, the Divisions have approximately £48 million) of debt (excluding IFRS 16 leases), which is expected to remain in place following completion. The consideration will be funded entirely from the Group's cash balances along with additional preferred equity to be provided by KED, a substantial shareholder in Victoria. Completion of the Acquisition is subject to the conclusion of the carve-out of the Divisions from the rest of the Balta Group and is expected in April 2022. The Acquisition will be immediately earnings-accretive and is a continued step in Victoria's strategy of growing its business with earnings-enhancing acquisitions, and then using available synergies to drive further increases in margin and revenue. Rick Thompson, Phil Davies and Alex Bond of Singer Capital Markets Advisory LLP acting as an advisor to Victoria plc. Berenberg and Peel Hunt acting as a joint broker in the transaction.
공시 • Nov 24Victoria in Talks to Buy A Part of BaltaVictoria plc (AIM:VCP) said on November 22, 2021 that it is in talks about the possible acquisition of part of Balta Group NV (ENXTBR:BALTA). In a brief statement in response to press speculation, the company said: "Whilst speculative details in the article are inaccurate, the board can confirm that it is in discussions to potentially acquire a profitable, growing part of Balta's group that it believes possesses good synergy opportunities with Victoria's existing business. "For the avoidance of doubt, the board confirms that Victoria is not contemplating an acquisition of Balta as a whole." Victoria said there is no guarantee any transaction will take place, but, if it did, terms would be in line with its usual acquisition criteria, including being materially earnings accretive. Any deal could be funded entirely from existing resources and in line with the board’s financial policy, it said.
Reported Earnings • Aug 29First half 2021 earnings released: €0.09 loss per share (vs €0.47 loss in 1H 2020)The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: €318.3m (up 20% from 1H 2020). Net loss: €3.32m (loss narrowed 80% from 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance.
Price Target Changed • Jun 10Price target increased to €3.00Up from €2.50, the current price target is an average from 2 analysts. New target price is 6.8% above last closing price of €2.81. Stock is up 146% over the past year.
분석 기사 • May 31Investors Could Be Concerned With Balta Group's (EBR:BALTA) Returns On CapitalIgnoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...
Reported Earnings • Apr 29Full year 2020 earnings released: €0.35 loss per share (vs €0.29 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €561.8m (down 16% from FY 2019). Net loss: €12.6m (down 221% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 45 percentage points per year, which is a significant difference in performance.
Analyst Estimate Surprise Post Earnings • Mar 13Revenue beats expectationsRevenue exceeded analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 15%, compared to a 17% growth forecast for the Consumer Durables industry in Belgium.
분석 기사 • Mar 13Does Balta Group (EBR:BALTA) Have A Healthy Balance Sheet?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Reported Earnings • Mar 11Full year 2020 earnings releasedThe company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €561.8m (down 16% from FY 2019). Net loss: €12.6m (down 221% from profit in FY 2019).
Is New 90 Day High Low • Feb 20New 90-day high: €2.50The company is up 28% from its price of €1.95 on 20 November 2020. The Belgian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.53 per share.
분석 기사 • Feb 14Will Balta Group (EBR:BALTA) Multiply In Value Going Forward?If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
분석 기사 • Jan 11What Is The Ownership Structure Like For Balta Group NV (EBR:BALTA)?A look at the shareholders of Balta Group NV ( EBR:BALTA ) can tell us which group is most powerful. Generally...
분석 기사 • Dec 14Balta Group NV's (EBR:BALTA) Intrinsic Value Is Potentially 77% Above Its Share PriceToday we will run through one way of estimating the intrinsic value of Balta Group NV ( EBR:BALTA ) by taking the...
분석 기사 • Nov 18Balta Group's (EBR:BALTA) Shareholders Are Down 86% On Their SharesIt is a pleasure to report that the Balta Group NV (EBR:BALTA) is up 44% in the last quarter. But only the myopic...
Price Target Changed • Nov 11Price target raised to €1.43Up from €1.33, the current price target is an average from 2 analysts. The new target price is 5.4% above the current share price of €1.36. As of last close, the stock is down 48% over the past year.
Major Estimate Revision • Nov 11Analysts update estimatesThe company's losses in 2020 are expected to improve with analysts raising their consensus EPS forecasts from -€0.58 to -€0.47. Revenue estimate was approximately flat at €545.1m. The Consumer Durables industry in Belgium is expected to see an average net income growth of 20% next year. The consensus price target increased from €1.33 to €1.43. Share price is up 15% to €1.36 over the past week.
공시 • Nov 06Balta Group NV to Report Fiscal Year 2020 Results on Mar 10, 2021Balta Group NV announced that they will report fiscal year 2020 results on Mar 10, 2021
Is New 90 Day High Low • Nov 05New 90-day high: €1.26The company is up 14% from its price of €1.10 on 07 August 2020. The Belgian market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.07 per share.
Is New 90 Day High Low • Oct 08New 90-day low: €1.01The company is down 13% from its price of €1.16 on 10 July 2020. The Belgian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.07 per share.
공시 • Sep 22+ 2 more updatesBalta Group NV to Report Q1, 2021 Results on May 12, 2021Balta Group NV announced that they will report Q1, 2021 results on May 12, 2021
Is New 90 Day High Low • Sep 22New 90-day low: €1.03The company is down 12% from its price of €1.16 on 24 June 2020. The Belgian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.07 per share.
분석 기사 • Aug 30Should You Use Balta Group's (EBR:BALTA) Statutory Earnings To Analyse It?Many investors consider it preferable to invest in profitable companies over unprofitable ones, because profitability...
분석 기사 • Aug 03Has Balta Group (EBR:BALTA) Got What It Takes To Become A Multi-Bagger?If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...
분석 기사 • Jul 07Balta Group NV (EBR:BALTA) Might Not Be As Mispriced As It LooksWith a price-to-earnings (or "P/E") ratio of 3.9x Balta Group NV (EBR:BALTA) may be sending very bullish signals at...
