ENXTBR:BALTA

Stock Analysis Report

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Executive Summary

Balta Group NV produces and sells textile floor coverings in Europe, North America, and internationally. More Details


Snowflake Analysis

Reasonable growth potential and fair value.


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 is more volatile than 90% of Belgian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: BALTA's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of Belgian stocks.


Market Performance


7 Day Return

-8.2%

BALTA

1.8%

BE Consumer Durables

-0.4%

BE Market


1 Year Return

-12.9%

BALTA

-4.5%

BE Consumer Durables

-8.4%

BE Market

Return vs Industry: BALTA underperformed the Belgian Consumer Durables industry which returned -4.6% over the past year.

Return vs Market: BALTA underperformed the Belgian Market which returned -8.7% over the past year.


Shareholder returns

BALTAIndustryMarket
7 Day-8.2%1.8%-0.4%
30 Day4.1%2.6%2.4%
90 Day79.6%14.0%14.3%
1 Year-12.9%-12.9%-1.4%-4.5%-7.1%-8.4%
3 Year-75.1%-75.4%9.8%-4.2%-13.1%-17.9%
5 Yearn/a50.3%22.2%-8.3%-17.4%

Long-Term 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

Valuation

Is Balta Group undervalued compared to its fair value and its price relative to the market?

42.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BALTA (€2.02) is trading below our estimate of fair value (€3.53)

Significantly Below Fair Value: BALTA is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BALTA is unprofitable, so we can't compare its PE Ratio to the XE Consumer Durables industry average.

PE vs Market: BALTA is unprofitable, so we can't compare its PE Ratio to the Belgian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BALTA's PEG Ratio to determine if it is good value.


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 (1.7x).


Next Steps

Future Growth

How is Balta Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

97.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BALTA is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.4%).

Earnings vs Market: BALTA is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: BALTA's is expected to become profitable in the next 3 years.

Revenue vs Market: BALTA's revenue (10.1% per year) is forecast to grow faster than the Belgian market (6.7% per year).

High Growth Revenue: BALTA's revenue (10.1% 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 (7.5%).


Next Steps

Past Performance

How has Balta Group performed over the past 5 years?

6.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BALTA is currently unprofitable.

Growing Profit Margin: BALTA is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BALTA is unprofitable, but has reduced losses over the past 5 years at a rate of 6.1% per year.

Accelerating Growth: Unable to compare BALTA's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BALTA is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Durables industry (-21.5%).


Return on Equity

High ROE: BALTA has a negative Return on Equity (-3.87%), as it is currently unprofitable.


Next Steps

  • Explore strong past performing companies in the Consumer Durables industry.

Financial Health

How is Balta Group's financial position?


Financial Position Analysis

Short Term Liabilities: BALTA's short term assets (€269.8M) exceed its short term liabilities (€218.3M).

Long Term Liabilities: BALTA's short term assets (€269.8M) do not cover its long term liabilities (€358.2M).


Debt to Equity History and Analysis

Debt Level: BALTA's debt to equity ratio (129.4%) 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 (15.9%).

Interest Coverage: BALTA is unprofitable, therefore interest payments are not well covered by earnings.


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?

1.5yrs

Average management tenure


CEO

Cyrille Ragoucy (63 yo)

2.42yrs

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 ($USD1.22M) is above average for companies of similar size in the Belgian market ($USD545.57K).

Compensation vs Earnings: Cyrille's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Cyrille Ragoucy
Chairman2.42yrs€1.01m0.078%
€ 55.7k
Jan-Christian Werner
CFO & Member of Management Committee1.5yrsno datano data
Marc Dessein
MD of Balta Home & Member of Management Committeeno datano data0.24%
€ 168.2k
Oliver Forberich
MD of Balta carpetsno datano datano data
Stefan Claeys
MD of Modulyss & Member of Management Committeeno datano datano data
James Harley
President of Bentley Mills & Member of Management Committee1.5yrsno data0.056%
€ 40.4k
Kris Willaert
Group HR Director & Member of Management Committeeno datano datano data
Emmanuel Rigaux
Chief Transformation Officer & Member of Management Committeeno datano datano data
Rupen Shah
Corporate Development & Investor Relations Directorno datano datano data
Maarten Hoecke
Corporate Finance & Director of Investor Relationsno datano datano data
Annelies Willemyns
General Counselno datano datano data
Geert Bossche
Marketing Directorno datano datano data

1.5yrs

Average Tenure

61yo

Average Age

Experienced Management: BALTA's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Cyrille Ragoucy
Chairman2.42yrs€1.01m0.078%
€ 55.7k
Patrick Lebreton
Non-Executive Director4yrsno datano data
Michael Kolbeck
Non-Executive Director4yrsno datano data
Sarah Hedger
Independent Director3.58yrs€60.00kno data
Nicolas Van den Abeele
Independent Director3.58yrs€60.00kno data
Hannah Strong
Non-Executive Director4yrsno datano data
Jeremy Fryzuk
Non-Executive Director4yrsno datano data
Neal Morar
Non-Executive Director2.83yrsno datano data
Itzhak Wiesenfeld
Independent Director1.67yrs€25.43kno data

3.8yrs

Average Tenure

50yo

Average Age

Experienced Board: BALTA's board of directors are considered experienced (3.8 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: €71.527m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BALTAENXTBR (Euronext Brussels)YesOrdinary SharesBEEURJun 2017
BDBDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2017
0RQKLSE (London Stock Exchange)YesOrdinary SharesGBEURJun 2017
BALTABBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJun 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 s...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/21 19:25
End of Day Share Price2021/01/21 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.