ENXTBR:BEKB

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Executive Summary

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


Snowflake Analysis

Adequate balance sheet with acceptable track record.


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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.3%

BEKB

0.3%

BE Metals and Mining

-0.3%

BE Market


1 Year Return

-26.5%

BEKB

-9.3%

BE Metals and Mining

-19.9%

BE Market

Return vs Industry: BEKB underperformed the Belgian Metals and Mining industry which returned -23.7% over the past year.

Return vs Market: BEKB underperformed the Belgian Market which returned -22.3% over the past year.


Shareholder returns

BEKBIndustryMarket
7 Day1.3%0.3%-0.3%
30 Day-11.6%-5.7%-3.9%
90 Day6.6%-0.2%7.2%
1 Year-25.5%-26.5%-4.0%-9.3%-18.7%-19.9%
3 Year-57.7%-60.1%12.8%-2.0%-22.4%-27.1%
5 Year-23.4%-30.2%52.1%21.7%-23.3%-31.6%

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?

24.19x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BEKB (€17.69) is trading above our estimate of fair value (€13.39)

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 (24.2x) compared to the Metals and Mining industry average (10x).

PE vs Market: BEKB is poor value based on its PE Ratio (24.2x) compared to the Belgian market (14x).


Price to Earnings Growth Ratio

PEG Ratio: BEKB is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: BEKB is overvalued based on its PB Ratio (0.7x) compared to the BE Metals and Mining industry average (0.7x).


Next Steps

Future Growth

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

31.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BEKB's forecast earnings growth (31.8% per year) is above the savings rate (1.6%).

Earnings vs Market: BEKB's earnings (31.8% per year) are forecast to grow faster than the Belgian market (18.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: BEKB's revenue (1.2% per year) is forecast to grow slower than the Belgian market (3.2% per year).

High Growth Revenue: BEKB's revenue (1.2% 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 (9.5%).


Next Steps

Past Performance

How has NV Bekaert performed over the past 5 years?

-4.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BEKB has a large one-off loss of €88.6M impacting its December 31 2019 financial results.

Growing Profit Margin: BEKB's current net profit margins (1%) are higher than last year (0.9%).


Past Earnings Growth Analysis

Earnings Trend: BEKB's earnings have declined by -4.3% per year over the past 5 years.

Accelerating Growth: BEKB's earnings growth over the past year (3.9%) exceeds its 5-year average (-4.3% per year).

Earnings vs Industry: BEKB earnings growth over the past year (3.9%) exceeded the Metals and Mining industry 0.5%.


Return on Equity

High ROE: BEKB's Return on Equity (3.1%) is considered low.


Next Steps

Financial Health

How is NV Bekaert's financial position?


Financial Position Analysis

Short Term Liabilities: BEKB's short term assets (€2.3B) exceed its short term liabilities (€1.4B).

Long Term Liabilities: BEKB's short term assets (€2.3B) exceed its long term liabilities (€1.4B).


Debt to Equity History and Analysis

Debt Level: BEKB's debt to equity ratio (99.3%) is considered high.

Reducing Debt: BEKB's debt to equity ratio has increased from 88.8% to 99.3% over the past 5 years.

Debt Coverage: BEKB's debt is well covered by operating cash flow (34.5%).

Interest Coverage: BEKB's interest payments on its debt are well covered by EBIT (3.7x coverage).


Balance Sheet


Next Steps

Dividend

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

3.96%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BEKB's dividend (3.96%) is higher than the bottom 25% of dividend payers in the Belgian market (2.56%).

High Dividend: BEKB's dividend (3.96%) is low compared to the top 25% of dividend payers in the Belgian market (5.66%).


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 high payout ratio (95.7%), BEKB's dividend payments are not 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 (35.4% payout ratio).


Next Steps

Management

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

1.5yrs

Average management tenure


CEO

Oswald Schmid (61yo)

0.17

Tenure

Mr. Oswald Schmid serves as Chief Operations Officer at NV Bekaert SA since December 1, 2019 and serves as its Interim Chief Executive Officer since May 12, 2020. He serves as Director at NV Bekaert SA sin ...


Leadership Team

NamePositionTenureCompensationOwnership
Oswald Schmid
COO, Interim CEO & Director0.17yrno datano data
Taoufiq Boussaid
Chief Financial Officer1yrno datano data
Gunter Van Craen
Chief Information Officer0.50yrno datano data
Katelijn Bohez
Chief Communications Officer & Investor Relations Officerno datano datano data
Philip Eyskens
Senior VP of Legal1.5yrsno datano data
Lieven Larmuseau
Executive VP of Strategy1.5yrsno datano data
Rajita D'Souza
Chief Human Resources Officer2.83yrsno datano data
Geert Voet
Chief Operating Officer of Ropes BBRGno datano datano data
Jan Boelens
Senior Vice President of Steel Wire Solutions - EMEA3yrsno datano data
Bruno Cluydts
Chief Strategy Officer BBRG2.5yrsno datano data

1.5yrs

Average Tenure

58yo

Average Age

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


Board Members

NamePositionTenureCompensationOwnership
Oswald Schmid
COO, Interim CEO & Director0.17yrno datano data
Charles de Liedekerke
Director23.5yrs€92.70kno data
Henri Velge
Director4.5yrs€79.20kno data
Hubert van Merlen
Director17.5yrs€91.20kno data
Mei Ye
Independent Director6.17yrs€67.20kno data
Christophe van Merlen
Director4.17yrs€82.20kno data
Grégory Dalle
Director5.17yrs€88.20kno data
Emilie van de Walle de Ghelcke
Director4.17yrs€67.20kno data
Colin Smith
Independent Director2.17yrs€74.70kno data
Jürgen Tinggren
Independent Chairman1.17yrs€466.67kno data

4.3yrs

Average Tenure

61yo

Average Age

Experienced Board: BEKB's board of directors are considered experienced (4.3 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

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: €968.909m
  • Shares outstanding: 56.56m
  • Website: https://www.bekaert.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BK8NDB (Deutsche Boerse AG)YesBearer SharesDEEURJan 1992
BEKBENXTBR (Euronext Brussels)YesBearer SharesBEEURJan 1992
0OQJLSE (London Stock Exchange)YesBearer SharesGBEURJan 1992
BEKBBBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEURJan 1992
BEKBWBAG (Wiener Boerse AG)YesBearer SharesATEURJan 1992
BEKA.YOTCPK (Pink Sheets LLC)UNSPONSOR ADRUSUSDNov 2008

Biography

NV Bekaert SA provides steel wire transformation and coating technologies worldwide. The company offers automotive products, such as exhaust systems, steering systems, interior seat, interior door, interior and exterior products, exterior (windscreen), drive train, corner products, and exterior bumpers; roads and bridges, elevator, building industry, heating, and perimeter fencing products, as well as concrete, masonry, plaster, and environment reinforcement products; and alternative energy, steel cord reinforced thermoplastic and rubber tapes, oil platform, power & telecom cables, flexible pipes, and specialities. It also provides domestic, sports and leisure, textiles, paper goods, and medical products; textile and transport products, as well as paper, glass, and plastic materials; and textile machinery, tools, machine constructions, brush wires, and engineering products. The company serves automotive, construction, energy and utility, agriculture, consumer goods, basic materials, and equipment industries. NV Bekaert SA was founded in 1880 and is headquartered in Zwevegem, Belgium. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/06 20:48
End of Day Share Price2020/07/06 00:00
Earnings2019/12/31
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.