ENXTBR:TERB

Stock Analysis Report

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Market Cap

€205.0m

Last Updated

2021/06/17 19:44 UTC

Data Sources

Company Financials +

Executive Summary

Ter Beke NV, together with its subsidiaries, develops, produces, and sells range of processed meat products and ready meals to discount and retail clients in Europe. More Details


Snowflake Analysis

Moderate growth potential second-rate dividend payer.

Share Price & News

How has Ter Beke's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TERB is less volatile than 75% of Belgian stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: TERB's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

0.9%

TERB

0.1%

BE Food

0.8%

BE Market


1 Year Return

10.5%

TERB

66.2%

BE Food

26.3%

BE Market

Return vs Industry: TERB underperformed the Belgian Food industry which returned 66.2% over the past year.

Return vs Market: TERB underperformed the Belgian Market which returned 26.3% over the past year.


Shareholder returns

TERBIndustryMarket
7 Day0.9%0.1%0.8%
30 Day2.2%5.4%3.5%
90 Day2.7%13.1%9.9%
1 Year13.2%10.5%67.1%66.2%28.0%26.3%
3 Year-25.6%-31.0%56.6%52.6%4.1%-0.9%
5 Year9.1%-1.8%106.1%96.8%0.6%-8.8%

Long-Term Price Volatility Vs. Market

How volatile is Ter Beke's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Ter Beke undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TERB (€116) is trading below our estimate of fair value (€759.44)

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


Price To Earnings Ratio

PE vs Industry: TERB is unprofitable, so we can't compare its PE Ratio to the Belgian Food industry average.

PE vs Market: TERB 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 TERB's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TERB is overvalued based on its PB Ratio (1.8x) compared to the BE Food industry average (1.4x).


Future Growth

How is Ter Beke forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

91.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TERB is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.2%).

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

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

Revenue vs Market: TERB's revenue (2.9% per year) is forecast to grow slower than the Belgian market (5.2% per year).

High Growth Revenue: TERB's revenue (2.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if TERB's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Ter Beke performed over the past 5 years?

-38.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TERB is currently unprofitable.

Growing Profit Margin: TERB is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TERB is unprofitable, and losses have increased over the past 5 years at a rate of 38.3% per year.

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

Earnings vs Industry: TERB is unprofitable, making it difficult to compare its past year earnings growth to the Food industry (11.3%).


Return on Equity

High ROE: TERB has a negative Return on Equity (-2.11%), as it is currently unprofitable.


Financial Health

How is Ter Beke's financial position?


Financial Position Analysis

Short Term Liabilities: TERB's short term assets (€156.5M) do not cover its short term liabilities (€165.8M).

Long Term Liabilities: TERB's short term assets (€156.5M) exceed its long term liabilities (€119.3M).


Debt to Equity History and Analysis

Debt Level: TERB's debt to equity ratio (96.5%) is considered high.

Reducing Debt: TERB's debt to equity ratio has increased from 47.1% to 96.5% over the past 5 years.

Debt Coverage: TERB's debt is well covered by operating cash flow (50.1%).

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


Balance Sheet


Dividend

What is Ter Beke current dividend yield, its reliability and sustainability?

3.45%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TERB's dividend (3.45%) is higher than the bottom 25% of dividend payers in the Belgian market (1.51%).

High Dividend: TERB's dividend (3.45%) is low compared to the top 25% of dividend payers in the Belgian market (4.42%).


Stability and Growth of Payments

Stable Dividend: TERB's dividends per share have been stable in the past 10 years.

Growing Dividend: TERB's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: TERB is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.0yrs

Average management tenure


CEO

Francis Kint (58 yo)

3yrs

Tenure

€19,000

Compensation

Mr. Francis Kint has been Chief Executive Officer and Managing Director of Ter Beke NV since June 1, 2018 and has been its Director since May 31, 2018.


Leadership Team

Experienced Management: TERB's management team is considered experienced (3 years average tenure).


Board Members

Experienced Board: TERB's board of directors are considered experienced (4.1 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

Ter Beke NV's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ter Beke NV
  • Ticker: TERB
  • Exchange: ENXTBR
  • Founded: 1948
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: €205.005m
  • Shares outstanding: 1.77m
  • Website: https://www.terbeke.com

Number of Employees


Location

  • Ter Beke NV
  • Beke 1
  • Lievegem
  • Gent
  • East Flanders
  • 9950
  • Belgium

Listings


Biography

Ter Beke NV, together with its subsidiaries, develops, produces, and sells range of processed meat products and ready meals to discount and retail clients in Europe. It operates through two segments, Proce...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/17 19:44
End of Day Share Price2021/06/17 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.