NV Bekaert
Market Cap
€1.5b
Last Updated
2020/11/27 19:11 UTC
Data Sources
Company Financials +
Executive Summary
NV Bekaert SA provides steel wire transformation and coating technologies worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet with moderate growth potential.
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 +/- 6% a week.
Volatility Over Time: BEKB's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
5.7%
BEKB
6.3%
BE Metals and Mining
2.5%
BE Market
1 Year Return
9.4%
BEKB
1.7%
BE Metals and Mining
-10.0%
BE Market
Return vs Industry: BEKB exceeded the Belgian Metals and Mining industry which returned 1% over the past year.
Return vs Market: BEKB exceeded the Belgian Market which returned -9.4% over the past year.
Shareholder returns
| BEKB | Industry | Market | |
|---|---|---|---|
| 7 Day | 5.7% | 6.3% | 2.5% |
| 30 Day | 43.0% | 16.2% | 15.3% |
| 90 Day | 51.0% | 21.3% | 9.4% |
| 1 Year | 10.9%9.4% | 2.2%1.7% | -8.8%-10.0% |
| 3 Year | -20.7%-25.2% | -30.4%-31.5% | -14.0%-18.9% |
| 5 Year | 10.0%0.3% | -27.1%-34.7% | -14.3%-22.8% |
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
1 day ago | Simply Wall St
What Kind Of Shareholders Hold The Majority In NV Bekaert SA's (EBR:BEKB) Shares?2 weeks ago | Simply Wall St
NV Bekaert SA (EBR:BEKB) Delivered A Weaker ROE Than Its Industry3 weeks ago | Simply Wall St
Reflecting on NV Bekaert's (EBR:BEKB) Share Price Returns Over The Last Three YearsValuation
Is NV Bekaert undervalued compared to its fair value and its price relative to the market?
88.45x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BEKB (€26) is trading below our estimate of fair value (€30.74)
Significantly Below Fair Value: BEKB is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: BEKB is poor value based on its PE Ratio (88.1x) compared to the XE Metals and Mining industry average (12.9x).
PE vs Market: BEKB is poor value based on its PE Ratio (88.1x) compared to the Belgian market (14.8x).
Price to Earnings Growth Ratio
PEG Ratio: BEKB is poor value based on its PEG Ratio (1.7x)
Price to Book Ratio
PB vs Industry: BEKB's PB Ratio (1.1x) is in line with the BE Metals and Mining industry average.
Next Steps
Future Growth
How is NV Bekaert forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
51.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BEKB's forecast earnings growth (51.2% per year) is above the savings rate (1.6%).
Earnings vs Market: BEKB's earnings (51.2% per year) are forecast to grow faster than the Belgian market (29.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BEKB's revenue (5.2% per year) is forecast to grow slower than the Belgian market (6.9% per year).
High Growth Revenue: BEKB's revenue (5.2% 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?
-14.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BEKB has a large one-off loss of €81.6M impacting its June 30 2020 financial results.
Growing Profit Margin: BEKB's current net profit margins (0.4%) are lower than last year (1%).
Past Earnings Growth Analysis
Earnings Trend: BEKB's earnings have declined by 14.8% per year over the past 5 years.
Accelerating Growth: BEKB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BEKB had negative earnings growth (-61.6%) over the past year, making it difficult to compare to the Metals and Mining industry average (-20%).
Return on Equity
High ROE: BEKB's Return on Equity (1.4%) 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 (€2.4B) exceed its short term liabilities (€1.9B).
Long Term Liabilities: BEKB's short term assets (€2.4B) exceed its long term liabilities (€990.7M).
Debt to Equity History and Analysis
Debt Level: BEKB's debt to equity ratio (122.1%) is considered high.
Reducing Debt: BEKB's debt to equity ratio has increased from 86.6% to 122.1% over the past 5 years.
Debt Coverage: BEKB's debt is well covered by operating cash flow (28.3%).
Interest Coverage: BEKB's interest payments on its debt are well covered by EBIT (3.5x coverage).
Balance Sheet
Next Steps
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 (2.69%) is higher than the bottom 25% of dividend payers in the Belgian market (2.12%).
High Dividend: BEKB's dividend (2.69%) is low compared to the top 25% of dividend payers in the Belgian market (4.97%).
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 (237.2%), 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 (38.8% 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)
0.50
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| COO, Interim CEO & Director | 0.50yr | no data | no data | |
| Chief Financial Officer | 1.33yrs | no data | no data | |
| Chief Information Officer | 0.83yr | no data | no data | |
| Chief Communications Officer & Investor Relations Officer | no data | no data | no data | |
| Senior VP of Legal | 1.83yrs | no data | no data | |
| Executive VP of Strategy | 1.83yrs | no data | no data | |
| Chief Human Resources Officer | 3.17yrs | no data | no data | |
| Chief Operating Officer of Ropes BBRG | no data | no data | no data | |
| Senior Vice President of Steel Wire Solutions - EMEA | 3.33yrs | no data | no data | |
| Chief Strategy Officer BBRG | 2.83yrs | no data | no data | |
| Chief Executive Officer of Bridon-Bekaert Ropes Group | 8.17yrs | no data | no data | |
| Head of Rubber Reinforcement - North Asia and Senior Vice President of Sawing Wire | no data | no data | no data |
1.8yrs
Average Tenure
56.5yo
Average Age
Experienced Management: BEKB's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| COO, Interim CEO & Director | 0.50yr | no data | no data | |
| Director | 23.83yrs | €92.70k | no data | |
| Director | 4.83yrs | €79.20k | no data | |
| Director | 17.83yrs | €91.20k | no data | |
| Independent Director | 6.5yrs | €67.20k | no data | |
| Director | 4.5yrs | €82.20k | no data | |
| Director | 5.5yrs | €88.20k | no data | |
| Director | 4.5yrs | €67.20k | no data | |
| Independent Director | 2.5yrs | €74.70k | no data | |
| Independent Chairman | 1.5yrs | €466.67k | no data | |
| Director | 1.5yrs | €42.00k | no data | |
| Independent Director | 0.50yr | no data | no data |
4.5yrs
Average Tenure
61yo
Average Age
Experienced Board: BEKB's board of directors are considered experienced (4.5 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: €1.471b
- Shares outstanding: 56.56m
- Website: https://www.bekaert.com
Number of Employees
Location
- NV Bekaert SA
- Bekaertstraat 2
- Zwevegem
- West Flanders
- 8550
- Belgium
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BK8N | DB (Deutsche Boerse AG) | Yes | Bearer Shares | DE | EUR | Jan 1992 |
| BEKB | ENXTBR (Euronext Brussels) | Yes | Bearer Shares | BE | EUR | Jan 1992 |
| 0OQJ | LSE (London Stock Exchange) | Yes | Bearer Shares | GB | EUR | Jan 1992 |
| BEKBB | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Bearer Shares | GB | EUR | Jan 1992 |
| BEKB | WBAG (Wiener Boerse AG) | Yes | Bearer Shares | AT | EUR | Jan 1992 |
| BEKA.Y | OTCPK (Pink Sheets LLC) | UNSPONSOR ADR | US | USD | Nov 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, interio...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/27 19:11 |
| End of Day Share Price | 2020/11/27 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.