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Market Cap

€2.1b

Last Updated

2021/05/16 17:45 UTC

Data Sources

Company Financials +

Executive Summary

NV Bekaert SA provides steel wire transformation and coating technologies worldwide. More Details


Snowflake Analysis

Proven track record with adequate balance sheet.


Similar Companies

Share Price & News

How has NV Bekaert's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BEKB is not significantly more volatile than the rest of Belgian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: BEKB's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-3.7%

BEKB

-0.3%

BE Metals and Mining

0.4%

BE Market


1 Year Return

110.0%

BEKB

54.2%

BE Metals and Mining

36.4%

BE Market

Return vs Industry: BEKB exceeded the Belgian Metals and Mining industry which returned 54% over the past year.

Return vs Market: BEKB exceeded the Belgian Market which returned 38.6% over the past year.


Shareholder returns

BEKBIndustryMarket
7 Day-3.7%-0.3%0.4%
30 Day1.5%3.3%4.2%
90 Day25.4%21.7%7.3%
1 Year113.9%110.0%55.0%54.2%38.5%36.4%
3 Year18.2%12.0%-13.9%-15.2%1.3%-3.6%
5 Year8.6%-1.0%-11.4%-13.8%0.1%-9.1%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is NV Bekaert undervalued compared to its fair value and its price relative to the market?

15.7x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BEKB (€37.38) is trading above our estimate of fair value (€17.1)

Significantly Below Fair Value: BEKB is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BEKB is poor value based on its PE Ratio (15.7x) compared to the European Metals and Mining industry average (13.4x).

PE vs Market: BEKB is good value based on its PE Ratio (15.7x) compared to the Belgian market (19.4x).


Price to Earnings Growth Ratio

PEG Ratio: BEKB is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: BEKB is good value based on its PB Ratio (1.5x) compared to the XE Metals and Mining industry average (1.9x).


Future Growth

How is NV Bekaert forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

17.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BEKB's forecast earnings growth (17.3% per year) is above the savings rate (1.2%).

Earnings vs Market: BEKB's earnings (17.3% per year) are forecast to grow faster than the Belgian market (14.5% per year).

High Growth Earnings: BEKB's earnings are forecast to grow, but not significantly.

Revenue vs Market: BEKB's revenue (3.4% per year) is forecast to grow slower than the Belgian market (4.6% per year).

High Growth Revenue: BEKB's revenue (3.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BEKB's Return on Equity is forecast to be low in 3 years time (11%).


Past Performance

How has NV Bekaert performed over the past 5 years?

-15.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BEKB has high quality earnings.

Growing Profit Margin: BEKB's current net profit margins (3.6%) are higher than last year (1%).


Past Earnings Growth Analysis

Earnings Trend: BEKB's earnings have declined by 15.5% per year over the past 5 years.

Accelerating Growth: BEKB's earnings growth over the past year (227%) exceeds its 5-year average (-15.5% per year).

Earnings vs Industry: BEKB earnings growth over the past year (227%) exceeded the Metals and Mining industry 11.9%.


Return on Equity

High ROE: BEKB's Return on Equity (9.6%) is considered low.


Financial Health

How is NV Bekaert's financial position?


Financial Position Analysis

Short Term Liabilities: BEKB's short term assets (€2.5B) exceed its short term liabilities (€1.6B).

Long Term Liabilities: BEKB's short term assets (€2.5B) exceed its long term liabilities (€1.2B).


Debt to Equity History and Analysis

Debt Level: BEKB's debt to equity ratio (99.7%) is considered high.

Reducing Debt: BEKB's debt to equity ratio has increased from 87% to 99.7% over the past 5 years.

Debt Coverage: BEKB's debt is well covered by operating cash flow (33%).

Interest Coverage: BEKB's interest payments on its debt are well covered by EBIT (5x coverage).


Balance Sheet


Dividend

What is NV Bekaert current dividend yield, its reliability and sustainability?

2.68%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BEKB's dividend (2.68%) is higher than the bottom 25% of dividend payers in the Belgian market (1.73%).

High Dividend: BEKB's dividend (2.68%) is low compared to the top 25% of dividend payers in the Belgian market (4.44%).


Stability and Growth of Payments

Stable Dividend: BEKB's dividend payments have been volatile in the past 10 years.

Growing Dividend: BEKB's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (42%), BEKB's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BEKB's dividends in 3 years are forecast to be well covered by earnings (29.5% payout ratio).


Next Steps

Management

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

1.8yrs

Average management tenure


CEO

Oswald Schmid (61 yo)

1

Tenure

€734,149

Compensation

Mr. Oswald Schmid is the Chief Executive Officer at NV Bekaert SA since March 02, 2021. He served as the Chief Operations Officer at NV Bekaert SA since December 1, 2019 until 2021 and had been its Interim...


CEO Compensation Analysis

Compensation vs Market: Oswald's total compensation ($USD891.07K) is about average for companies of similar size in the Belgian market ($USD891.07K).

Compensation vs Earnings: Insufficient data to compare Oswald's compensation with company performance.


Leadership Team

Experienced Management: BEKB's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: BEKB's board of directors are considered experienced (5 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

NV Bekaert SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: NV Bekaert SA
  • Ticker: BEKB
  • Exchange: ENXTBR
  • Founded: 1880
  • Industry: Steel
  • Sector: Materials
  • Market Cap: €2.125b
  • Shares outstanding: 56.84m
  • Website: https://www.bekaert.com

Number of Employees


Location

  • NV Bekaert SA
  • Bekaertstraat 2
  • Zwevegem
  • West Flanders
  • 8550
  • Belgium

Listings


Biography

NV Bekaert SA provides steel wire transformation and coating technologies worldwide. It operates through four business units: Rubber Reinforcement, Steel Wire Solutions, Specialty Businesses, and Bridon-Be...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/16 17:45
End of Day Share Price2021/05/14 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.