ENXTBR:BAR

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Executive Summary

Barco NV develops visualization solutions for the entertainment, enterprise, and healthcare markets worldwide. More Details


Snowflake Analysis

Flawless balance sheet established dividend payer.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: BAR's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-5.7%

BAR

-5.6%

BE Electronic

-4.4%

BE Market


1 Year Return

-52.7%

BAR

15.0%

BE Electronic

-23.2%

BE Market

Return vs Industry: BAR underperformed the Belgian Electronic industry which returned 15% over the past year.

Return vs Market: BAR underperformed the Belgian Market which returned -23.2% over the past year.


Shareholder returns

BARIndustryMarket
7 Day-5.7%-5.6%-4.4%
30 Day-24.1%-5.2%-5.7%
90 Day-21.0%3.6%-6.3%
1 Year-52.1%-52.7%16.1%15.0%-22.0%-23.2%
3 Year8.5%4.6%28.5%22.8%-31.3%-35.4%
5 Year62.8%51.4%75.9%62.9%-24.7%-32.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

14.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BAR (€12.76) is trading below our estimate of fair value (€15.3)

Significantly Below Fair Value: BAR is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: BAR is good value based on its PE Ratio (17.7x) compared to the XE Electronic industry average (22.3x).

PE vs Market: BAR is poor value based on its PE Ratio (17.7x) compared to the Belgian market (13.9x).


Price to Earnings Growth Ratio

PEG Ratio: BAR is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: BAR is good value based on its PB Ratio (1.7x) compared to the XE Electronic industry average (2.1x).


Next Steps

Future Growth

How is Barco forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

29.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BAR's forecast earnings growth (29.7% per year) is above the savings rate (1.6%).

Earnings vs Market: BAR's earnings (29.7% per year) are forecast to grow faster than the Belgian market (28.7% per year).

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

Revenue vs Market: BAR's revenue (8.1% per year) is forecast to grow faster than the Belgian market (7.1% per year).

High Growth Revenue: BAR's revenue (8.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Barco performed over the past 5 years?

58.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BAR has high quality earnings.

Growing Profit Margin: BAR's current net profit margins (6.3%) are lower than last year (8.8%).


Past Earnings Growth Analysis

Earnings Trend: BAR's earnings have grown significantly by 58.4% per year over the past 5 years.

Accelerating Growth: BAR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BAR had negative earnings growth (-30.9%) over the past year, making it difficult to compare to the Electronic industry average (-5.8%).


Return on Equity

High ROE: BAR's Return on Equity (9.1%) is considered low.


Next Steps

Financial Health

How is Barco's financial position?


Financial Position Analysis

Short Term Liabilities: BAR's short term assets (€675.0M) exceed its short term liabilities (€226.2M).

Long Term Liabilities: BAR's short term assets (€675.0M) exceed its long term liabilities (€130.3M).


Debt to Equity History and Analysis

Debt Level: BAR's debt to equity ratio (2.7%) is considered satisfactory.

Reducing Debt: BAR's debt to equity ratio has reduced from 14.6% to 2.7% over the past 5 years.

Debt Coverage: BAR's debt is well covered by operating cash flow (63.7%).

Interest Coverage: BAR earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Barco current dividend yield, its reliability and sustainability?

2.87%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BAR's dividend (2.97%) is higher than the bottom 25% of dividend payers in the Belgian market (2.29%).

High Dividend: BAR's dividend (2.97%) is low compared to the top 25% of dividend payers in the Belgian market (6.25%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (52.7%), BAR's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BAR's dividends in 3 years are forecast to be covered by earnings (54% payout ratio).


Next Steps

Management

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

4.0yrs

Average management tenure


CEO

Jan De Witte (56 yo)

4.08yrs

Tenure

€1,640,412

Compensation

Mr. Jan De Witte has been the Chief Executive Officer at Barco NV since September 12, 2016. Mr. De Witte served as the President and Chief Executive Officer of Healthcare IT at GE Healthcare Limited since ...


CEO Compensation Analysis

Compensation vs Market: Jan's total compensation ($USD1.93M) is above average for companies of similar size in the Belgian market ($USD585.17K).

Compensation vs Earnings: Jan's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Jan De Witte
CEO & Executive Director4.08yrs€1.64mno data
Ann Desender
Senior VP & CFO4.08yrsno datano data
Rob Jonckheere
Senior Vice President of Global Operationsno datano datano data
Gerwin Damberg
Chief Technology Officer1.5yrsno datano data
Kurt Verheggen
Senior VPno datano datano data
An Dewaele
Senior VP & Chief Human Resources Officer 3.75yrsno datano data
Filip Pintelon
Senior VP & GM of Healthcare Division5.75yrsno datano data
Johan Heyman
Senior Vice President of Organizational Excellenceno datano datano data
George Stromeyer
Senior VP & GM of Enterprise Division4yrsno datano data
Xavier Bourgois
Senior Vice President of Information Technologiesno datano datano data
Nicolas Van den Abeele
Senior VP & GM of Entertainmentno datano datano data
Tet Jong Chang
Senior VP & MD of Barco China3.5yrsno datano data

4.0yrs

Average Tenure

53yo

Average Age

Experienced Management: BAR's management team is considered experienced (4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jan De Witte
CEO & Executive Director4.08yrs€1.64mno data
Herman Daems
Honorary Chairman5.75yrs€205.00kno data
Ashok Jain
Non Executive Director8yrs€49.80kno data
Frank Donck
Independent Director4.67yrs€58.05kno data
Hilde Laga
Independent Non Executive Director6.5yrs€50.40kno data
Ann Steegen
Independent Director3.5yrs€57.45kno data
Charles Beauduin
Non-Executive Chairman5.75yrs€120.00kno data

5.8yrs

Average Tenure

61yo

Average Age

Experienced Board: BAR's board of directors are considered experienced (5.8 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

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


Key Information

  • Name: Barco NV
  • Ticker: BAR
  • Exchange: ENXTBR
  • Founded: 1934
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: €1.162b
  • Shares outstanding: 88.11m
  • Website: https://www.barco.com

Number of Employees


Location

  • Barco NV
  • Beneluxpark 21
  • Kortrijk
  • West Flanders
  • 8500
  • Belgium

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BCNA.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDNov 2000
BARENXTBR (Euronext Brussels)YesOrdinary SharesBEEURNov 2000
BC1PDB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 2000
0KDKLSE (London Stock Exchange)YesOrdinary SharesGBEURNov 2000
BARBBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURNov 2000
BCNA.YOTCPK (Pink Sheets LLC)ADRUSUSDOct 2008

Biography

Barco NV develops visualization solutions for the entertainment, enterprise, and healthcare markets worldwide. The company operates through three divisions: Entertainment, Enterprise, and Healthcare. It of ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/29 21:32
End of Day Share Price2020/10/29 00:00
Earnings2020/06/30
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.