Balta Group
Market Cap
€40.1m
Last Updated
2020/07/01 20:58 UTC
Data Sources
Company Financials +
Executive Summary
Balta Group NV produces and sells textile floor coverings in Europe, North America, and internationally.
Rewards
Risk Analysis
Snowflake Analysis
Very undervalued with proven track record.
Similar Companies
Share Price & News
How has Balta Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BALTA's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-3.9%
BALTA
0.1%
BE Consumer Durables
-3.7%
BE Market
1 Year Return
-58.9%
BALTA
-12.1%
BE Consumer Durables
-24.0%
BE Market
Return vs Industry: BALTA underperformed the Belgian Consumer Durables industry which returned -11.3% over the past year.
Return vs Market: BALTA underperformed the Belgian Market which returned -22% over the past year.
Shareholder returns
| BALTA | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.9% | 0.1% | -3.7% |
| 30 Day | -10.4% | 1.4% | -0.02% |
| 90 Day | 37.7% | 26.3% | 7.9% |
| 1 Year | -58.9%-58.9% | -8.8%-12.1% | -22.8%-24.0% |
| 3 Year | -90.6%-90.7% | -8.9%-21.4% | -25.2%-29.7% |
| 5 Year | n/a | 26.4%0.4% | -22.0%-30.4% |
Price Volatility Vs. Market
How volatile is Balta Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
An Intrinsic Calculation For Balta Group NV (EBR:BALTA) Suggests It's 44% Undervalued1 month ago | Simply Wall St
These Analysts Think Balta Group NV's (EBR:BALTA) Earnings Are Under Threat2 months ago | Simply Wall St
Does Balta Group's (EBR:BALTA) Statutory Profit Adequately Reflect Its Underlying Profit?Valuation
Is Balta Group undervalued compared to its fair value and its price relative to the market?
44.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BALTA (€1.12) is trading below our estimate of fair value (€2.02)
Significantly Below Fair Value: BALTA is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BALTA is good value based on its PE Ratio (3.9x) compared to the Consumer Durables industry average (12.2x).
PE vs Market: BALTA is good value based on its PE Ratio (3.9x) compared to the Belgian market (14.3x).
Price to Earnings Growth Ratio
PEG Ratio: BALTA is good value based on its PEG Ratio (0.1x)
Price to Book Ratio
PB vs Industry: BALTA is good value based on its PB Ratio (0.2x) compared to the XE Consumer Durables industry average (1.3x).
Next Steps
Future Growth
How is Balta Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
36.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BALTA's forecast earnings growth (36.1% per year) is above the savings rate (1.6%).
Earnings vs Market: BALTA's earnings (36.1% per year) are forecast to grow faster than the Belgian market (19% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BALTA's revenue (1.8% per year) is forecast to grow slower than the Belgian market (3% per year).
High Growth Revenue: BALTA's revenue (1.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BALTA's Return on Equity is forecast to be low in 3 years time (9%).
Next Steps
Past Performance
How has Balta Group performed over the past 5 years?
23.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BALTA has a large one-off loss of €6.6M impacting its December 31 2004 financial results.
Growing Profit Margin: BALTA's current net profit margins (1.5%) are higher than last year (1.1%).
Past Earnings Growth Analysis
Earnings Trend: BALTA's earnings have grown significantly by 23.1% per year over the past 5 years.
Accelerating Growth: BALTA's earnings growth over the past year (41.6%) exceeds its 5-year average (23.1% per year).
Earnings vs Industry: BALTA earnings growth over the past year (41.6%) exceeded the Consumer Durables industry -2.9%.
Return on Equity
High ROE: BALTA's Return on Equity (4%) is considered low.
Next Steps
Financial Health
How is Balta Group's financial position?
Financial Position Analysis
Short Term Liabilities: BALTA's short term assets (€231.5M) exceed its short term liabilities (€199.0M).
Long Term Liabilities: BALTA's short term assets (€231.5M) do not cover its long term liabilities (€328.8M).
Debt to Equity History and Analysis
Debt Level: BALTA's debt to equity ratio (104%) is considered high.
Reducing Debt: BALTA had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: BALTA's debt is not well covered by operating cash flow (18.2%).
Interest Coverage: BALTA's interest payments on its debt are not well covered by EBIT (1.5x coverage).
Balance Sheet
Next Steps
Dividend
What is Balta Group current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate BALTA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate BALTA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if BALTA's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if BALTA's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: BALTA is not paying a notable dividend for the Belgian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of BALTA's dividend in 3 years as they are not forecast to pay a notable one for the Belgian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.0yrs
Average management tenure
CEO
Cyrille Ragoucy (63yo)
1.92yrs
Tenure
€1,008,164
Compensation
Mr. Cyrille Ragoucy has been Chief Executive Officer of Balta Group NV since April 1, 2019 and serves as its Non-Executive Chairman and Chairman of Management Committee. Mr. Ragoucy serves as the Chief Exe ...
CEO Compensation Analysis
Compensation vs Market: Cyrille's total compensation ($USD1.14M) is above average for companies of similar size in the Belgian market ($USD443.81K).
Compensation vs Earnings: Cyrille's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 1.92yrs | €1.01m | 0.078% €31.2k | |
| CFO & Member of Management Committee | 1yr | no data | no data | |
| MD of Balta Home & Member of Management Committee | no data | no data | 0.24% €94.3k | |
| MD of Balta carpets | no data | no data | no data | |
| MD of Modulyss & Member of Management Committee | no data | no data | no data | |
| President of Bentley Mills & Member of Management Committee | 1yr | no data | 0.056% €22.6k | |
| Group HR Director & Member of Management Committee | no data | no data | no data | |
| Chief Transformation Officer & Member of Management Committee | no data | no data | no data | |
| Corporate Development & Investor Relations Director | no data | no data | no data | |
| Corporate Finance & Director of Investor Relations | no data | no data | no data |
1.0yrs
Average Tenure
61yo
Average Age
Experienced Management: BALTA's management team is not considered experienced ( 1 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 1.92yrs | €1.01m | 0.078% €31.2k | |
| Non-Executive Director | 3.5yrs | no data | no data | |
| Non-Executive Director | 3.5yrs | no data | no data | |
| Independent Director | 3.08yrs | €60.00k | no data | |
| Independent Director | 3.08yrs | €60.00k | no data | |
| Non-Executive Director | 3.5yrs | no data | no data | |
| Non-Executive Director | 3.5yrs | no data | no data | |
| Non-Executive Director | 2.33yrs | no data | no data | |
| Independent Director | 1.17yrs | €25.43k | no data |
3.3yrs
Average Tenure
50yo
Average Age
Experienced Board: BALTA's board of directors are considered experienced (3.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Balta Group NV's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Balta Group NV
- Ticker: BALTA
- Exchange: ENXTBR
- Founded: 1964
- Industry: Home Furnishings
- Sector: Consumer Durables
- Market Cap: €40.077m
- Shares outstanding: 35.94m
- Website: https://www.baltagroup.com
Number of Employees
Location
- Balta Group NV
- Wakkensteenweg 2
- Sint-Baafs-Vijve
- West Flanders
- 8710
- Belgium
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BALTA | ENXTBR (Euronext Brussels) | Yes | Ordinary Shares | BE | EUR | Jun 2017 |
| BDB | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jun 2017 |
| 0RQK | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Jun 2017 |
| BALTAB | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Jun 2017 |
Biography
Balta Group NV produces and sells textile floor coverings in Europe, North America, and internationally. The company operates through four segments: Rugs, Residential, Commercial, and Non-Woven. The Rugs segment designs, manufactures, and distributes a range of machine-made rugs to retailers, such as home improvement, furniture, specialist, discount, and DIY stores, as well as e-commerce players and wholesalers under the Balta home brand name. The Residential segment designs, manufactures, and distributes branded broadloom carpets under the Balta Carpets and ITC brands; and tiles to retailers and wholesalers. The Commercial segment designs, manufactures, and distributes modular carpet tiles for offices and public projects under the modulyss and Bentley brands; and broadloom carpets for the hospitality sector under the arc edition brand to architects, designers, contractors, and distributors. The Non-Woven segment designs, manufactures, and distributes soft flooring for events, such as fairs and expositions; specialized fabrics for insulation, lining, cars, carpet backings, and banners under the Captiqs brand name; and needle felt products. It also exports its products to 139 countries worldwide. The company was founded in 1964 and is headquartered in Sint-Baafs-Vijve, Belgium.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/07/01 20:58 |
| End of Day Share Price | 2020/07/01 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.