Balta Group
Market Cap
€87.7m
Last Updated
2019/10/15 21:55 UTC
Data Sources
Company Financials +
Executive Summary
Balta Group NV produces and sells textile floor coverings primarily in Europe.
Snowflake
Fundamentals
Very undervalued with reasonable growth potential.
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
Market Performance
7 Day Return
-0.6%
BALTA
6.4%
BE Consumer Durables
2.0%
BE Market
1 Year Return
-37.2%
BALTA
5.3%
BE Consumer Durables
6.6%
BE Market
Return vs Industry: BALTA underperformed the Belgian Consumer Durables industry which returned 5.3% over the past year.
Return vs Market: BALTA underperformed the Belgian Market which returned 6.6% over the past year.
Shareholder returns
| BALTA | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.6% | 6.4% | 2.0% |
| 30 Day | -7.8% | 0.8% | -0.8% |
| 90 Day | -14.1% | 3.4% | 5.0% |
| 1 Year | -37.2%-37.2% | 11.8%5.3% | 9.1%6.6% |
| 3 Year | n/a | 35.1%16.6% | -5.4%-12.0% |
| 5 Year | n/a | 93.9%53.9% | 28.3%12.6% |
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 week ago | Simply Wall St
What Does Balta Group NV's (EBR:BALTA) P/E Ratio Tell You?1 month ago | Simply Wall St
Should Balta Group NV (EBR:BALTA) Be Your Next Stock Pick?1 month ago | Simply Wall St
Balta Group (EBR:BALTA) Seems To Be Using An Awful Lot Of DebtValuation
Is Balta Group undervalued compared to its fair value and its price relative to the market?
43.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: BALTA (€2.44) is trading below our estimate of fair value (€4.34)
Significantly Undervalued: 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 (12x) compared to the Consumer Durables industry average (12x).
PE vs Market: BALTA is good value based on its PE Ratio (12x) compared to the Belgian market (16.1x).
Price to Earnings Growth Ratio
Low PEG Ratio: BALTA is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: BALTA is good value based on its PB Ratio (0.3x) compared to the XE Consumer Durables industry average (1.4x).
Next Steps
Future Growth
How is Balta Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
67.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BALTA's forecast earnings growth (67.9% per year) is above the savings rate (0.8%).
Earnings vs Market: BALTA's earnings (67.9% per year) are forecast to grow faster than the Belgian market (6.4% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BALTA's revenue (6.2% per year) is forecast to grow faster than the Belgian market (3.7% per year).
High Growth Revenue: BALTA's revenue (6.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: Insufficient data to determine if BALTA's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Balta Group performed over the past 5 years?
26.4%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: BALTA has become profitable over the past 5 years, growing earnings by 26.4% per year.
Accelerating Growth: BALTA's earnings growth over the past year (233.1%) exceeds its 5-year average (26.4% per year).
Earnings vs Industry: BALTA earnings growth over the past year (233.1%) exceeded the Consumer Durables industry -0.05%.
Return on Equity
High ROE: BALTA's Return on Equity (3%) is considered low.
Return on Assets
ROA vs Industry: BALTA's Return on Assets is below or equal to the Consumer Durables industry average last year.
Return on Capital Employed
ROCE Improving: BALTA's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Balta Group's financial position?
Financial Position Analysis
Short Term Liabilities: BALTA's short term assets (€245.2M) exceeds its short term liabilities (€176.0M)
Long Term Liabilities: BALTA's short term assets (245.2M) do not cover its long term liabilities (367.0M)
Debt to Equity History and Analysis
Debt Level: BALTA's debt to equity ratio (108.3%) 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 well covered by operating cash flow (21.2%).
Interest Coverage: BALTA's interest payments on its debt are not well covered by EBIT (1.9x coverage).
Balance Sheet
Inventory Level: BALTA has a high level of physical assets or inventory.
Debt Coverage by Assets: BALTA's debt is not covered by short term assets (assets are 0.9x debt).
Next Steps
Dividend
What is Balta Group's current dividend yield, its reliability and sustainability?
13.32%
Forecast Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: Unable to evaluate BALTA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate BALTA's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
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 .
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
What is the CEO of Balta Group's salary, the management and board of directors tenure and is there insider trading?
0.4yrs
Average management tenure
CEO
Cyrille Ragoucy (62yo)
1.2yrs
Tenure
€872,275
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: Insufficient data to establish whether Cyrille's total compensation is reasonable compared to companies of similar size in the Belgian market.
Compensation vs Earnings: Insufficient data to compare Cyrille's compensation with company performance.
Management Age and Tenure
0.4yrs
Average Tenure
60yo
Average Age
Experienced Management: BALTA's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.
Board Age and Tenure
2.8yrs
Average Tenure
49yo
Average Age
Experienced Board: BALTA's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Management Team
Cyrille Ragoucy (62yo)
Chairman
- Tenure: 1.2yrs
- Compensation: €872.28k
Stefan Claeys
Managing Director of Modulyss
- Tenure: 0.5yrs
Emmanuel Rigaux (47yo)
Chief Transformation Officer
- Tenure: 0.8yrs
Oliver Forberich
Managing Director of Balta carpets
- Tenure: 0.08yrs
Marc Dessein (60yo)
MD of Balta Home & Member of Management Committee
- Tenure: 0yrs
Rupen Shah
Corporate Development & Investor Relations Director
- Tenure: 0yrs
Annelies Willemyns
General Counsel
- Tenure: 0yrs
Geert Bossche
Marketing Director
- Tenure: 0yrs
Jan-Christian Werner
Chief Financial Officer
- Tenure: 0.3yrs
Kris Willaert
Human Resources Director
- Tenure: 0.3yrs
Board Members
Cyrille Ragoucy (62yo)
Chairman
- Tenure: 1.2yrs
- Compensation: €872.28k
Patrick Lebreton (51yo)
Non-Executive Director
- Tenure: 2.8yrs
Michael Kolbeck (49yo)
Non-Executive Director
- Tenure: 2.8yrs
Sarah Hedger (54yo)
Independent Director
- Tenure: 2.3yrs
- Compensation: €53.50k
Nicolas Van den Abeele (47yo)
Independent Director
- Tenure: 2.3yrs
- Compensation: €60.00k
Hannah Strong (35yo)
Non-Executive Director
- Tenure: 2.8yrs
Jeremy Fryzuk (34yo)
Non-Executive Director
- Tenure: 2.8yrs
Neal Morar
Non-Executive Director
- Tenure: 1.6yrs
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: €87.702m
- 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 primarily in Europe. The company operates through four segments: Rugs, Residential, Commercial, and Non-Woven. The Rugs segment designs, manufactur ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/15 21:55 |
| End of Day Share Price | 2019/10/15 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.