NV Bekaert
Market Cap
€1.5b
Last Updated
2019/12/12 20:36 UTC
Data Sources
Company Financials +
Executive Summary
NV Bekaert SA provides steel wire transformation and coating technologies worldwide.
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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
9.1%
BEKB
2.5%
BE Metals and Mining
0.06%
BE Market
1 Year Return
19.3%
BEKB
3.6%
BE Metals and Mining
12.1%
BE Market
Return vs Industry: BEKB exceeded the Belgian Metals and Mining industry which returned 3.6% over the past year.
Return vs Market: BEKB exceeded the Belgian Market which returned 12.1% over the past year.
Shareholder returns
| BEKB | Industry | Market | |
|---|---|---|---|
| 7 Day | 9.1% | 2.5% | 0.06% |
| 30 Day | -6.6% | 0.4% | 0.04% |
| 90 Day | 0.2% | -0.4% | -5.6% |
| 1 Year | 22.0%19.3% | 10.9%3.6% | 14.5%12.1% |
| 3 Year | -28.4%-32.7% | 20.5%3.8% | -0.6%-7.2% |
| 5 Year | 10.0%-0.8% | 56.3%24.2% | 19.5%5.5% |
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 week ago | Simply Wall St
Investors Who Bought NV Bekaert (EBR:BEKB) Shares Three Years Ago Are Now Down 40%3 weeks ago | Simply Wall St
Calculating The Intrinsic Value Of NV Bekaert SA (EBR:BEKB)1 month ago | Simply Wall St
Read This Before Buying NV Bekaert SA (EBR:BEKB) For Its DividendValuation
Is NV Bekaert undervalued compared to its fair value and its price relative to the market?
18.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BEKB (€25.96) is trading below our estimate of fair value (€31.86)
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 (33.7x) compared to the Metals and Mining industry average (9.9x).
PE vs Market: BEKB is poor value based on its PE Ratio (33.7x) compared to the Belgian market (16.7x).
Price to Earnings Growth Ratio
PEG Ratio: BEKB is poor value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: BEKB is overvalued based on its PB Ratio (1x) compared to the XE Metals and Mining industry average (1x).
Next Steps
Future Growth
How is NV Bekaert forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
33.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BEKB's forecast earnings growth (33.5% per year) is above the savings rate (0.7%).
Earnings vs Market: BEKB's earnings (33.5% per year) are forecast to grow faster than the Belgian market (8% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BEKB's revenue (1.7% per year) is forecast to grow slower than the Belgian market (4.3% per year).
High Growth Revenue: BEKB's revenue (1.7% 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 (12.1%).
Next Steps
Past Performance
How has NV Bekaert performed over the past 5 years?
4.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BEKB has a large one-off loss of €64.8M impacting its June 30 2019 financial results.
Growing Profit Margin: BEKB's current net profit margins (1%) are lower than last year (3.7%).
Past Earnings Growth Analysis
Earnings Trend: BEKB's earnings have grown by 4.2% 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 (-71.4%) over the past year, making it difficult to compare to the Metals and Mining industry average (-8.4%).
Return on Equity
High ROE: BEKB's Return on Equity (1.3%) is considered low.
Return on Assets
Return on Capital Employed
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 (€1.6B).
Long Term Liabilities: BEKB's short term assets (€2.4B) exceed its long term liabilities (€1.3B).
Debt to Equity History and Analysis
Debt Level: BEKB's debt to equity ratio (106.8%) is considered high.
Reducing Debt: BEKB's debt to equity ratio has increased from 81% to 106.8% over the past 5 years.
Debt Coverage: BEKB's debt is well covered by operating cash flow (23.9%).
Interest Coverage: BEKB's interest payments on its debt are well covered by EBIT (3.1x coverage).
Balance Sheet
Inventory Level: BEKB has a high level of physical assets or inventory.
Debt Coverage by Assets: BEKB's debt is covered by short term assets (assets are 1.4x debt).
Next Steps
Dividend
What is NV Bekaert's current dividend yield, its reliability and sustainability?
2.70%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: BEKB's dividend (2.7%) is higher than the bottom 25% of dividend payers in the Belgian market (2.12%).
High Dividend: BEKB's dividend (2.7%) is low compared to the top 25% of dividend payers in the Belgian market (4.53%).
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 (90.9%), 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 (28.7% payout ratio).
Next Steps
Management
What is the CEO of NV Bekaert's salary, the management and board of directors tenure and is there insider trading?
1.3yrs
Average management tenure
CEO
Matthew Taylor (59yo)
6.9yrs
Tenure
€1,103,917
Compensation
Mr. Matthew Taylor has been the Chief Executive Officer at Bekaert SA., since May 14, 2014. Mr. Taylor served as the Chief Executive Officer at Edwards Limited from June 2010 to March 2013. He served as th ...
CEO Compensation Analysis
Compensation vs Market: Matthew's total compensation ($USD1.23M) is above average for companies of similar size in the Belgian market ($USD772.18K).
Compensation vs Earnings: Matthew's compensation has been consistent with company performance over the past year.
Management Age and Tenure
1.3yrs
Average Tenure
57yo
Average Age
Experienced Management: BEKB's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Board Age and Tenure
4.3yrs
Average Tenure
61yo
Average Age
Experienced Board: BEKB's board of directors are considered experienced (4.3 years average tenure).
Insider Trading
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.
Management Team
Lieven Larmuseau (57yo)
Executive VP of Strategy
- Tenure: 0.9yrs
Matthew Taylor (59yo)
CEO & Director
- Tenure: 6.9yrs
- Compensation: €1.10m
Frank Vromant (62yo)
Executive Vice President
- Tenure: 0.4yrs
Oswald Schmid (60yo)
Chief Operations Officer
- Tenure: 0.9yrs
Curd Vandekerckhove (54yo)
Chief Executive Officer of Bridon-Bekaert Ropes Group
- Tenure: 7.3yrs
Piet Van Riet (57yo)
Executive Vice President of Steel Wire Solutions - South & Central America
- Tenure: 0.9yrs
Stijn Vanneste (47yo)
Divisional Chief Executive Officer of Steel Wire Solutions
- Tenure: 3.7yrs
Jun Liao (56yo)
Divisional Chief Executive Officer of Specialty Businesses
- Tenure: 1.8yrs
Rajita D'Souza
Chief Human Resources Officer
- Tenure: 2.3yrs
Taoufiq Boussaid (48yo)
Chief Financial Officer
- Tenure: 0.4yrs
Board Members
Celia Baxter (61yo)
Independent Director
- Tenure: 3.6yrs
- Compensation: €82.20k
Charles de Liedekerke (66yo)
Director
- Tenure: 22.9yrs
- Compensation: €89.70k
Henri Velge (63yo)
Director
- Tenure: 3.9yrs
- Compensation: €67.20k
Hubert van Merlen (66yo)
Director
- Tenure: 16.9yrs
- Compensation: €111.20k
Matthew Taylor (59yo)
CEO & Director
- Tenure: 6.9yrs
- Compensation: €1.10m
Mei Ye (53yo)
Independent Director
- Tenure: 5.6yrs
- Compensation: €67.20k
Pamela Knapp (61yo)
Independent Director
- Tenure: 3.6yrs
- Compensation: €97.20k
Grégory Dalle (43yo)
Director
- Tenure: 4.6yrs
- Compensation: €80.70k
Emilie van de Walle de Ghelcke
Director
- Tenure: 3.6yrs
- Compensation: €67.20k
Jürgen Tinggren
Independent Chairman
- Tenure: 0.6yrs
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: €1.467b
- Shares outstanding: 56.52m
- 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 filter and fiber media products; heating cables and cords; various wires, cords, and strands; control ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/12 20:36 |
| End of Day Share Price | 2019/12/12 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.