Bicicletas Monark (BOVESPA:BMKS3) - Share price, News & Analysis

BMKS3 fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	3/6
Financial Health	6/6
Dividends	2/6

BMKS3 Stock Overview

Bicicletas Monark S.A. manufactures and sells bicycles in Brazil.

Rewards

Earnings grew by 131.4% over the past year

Risk Analysis

Earnings have declined by 28.2% per year over past 5 years

Dividend of 7.15% is not well covered by earnings or forecast to be in the next 3 years

High level of non-cash earnings

Does not have meaningful revenue (R$18M)

+ 1 more risk

Bicicletas Monark Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Bicicletas Monark
Historical stock prices
Current Share Price	R$250.00
52 Week High	R$275.00
52 Week Low	R$211.00
Beta	0.74
1 Month Change	2.00%
3 Month Change	7.39%
1 Year Change	4.17%
3 Year Change	-3.48%
5 Year Change	-13.79%
Change since IPO	416.92%

Recent News & Updates

Apr 05

Bicicletas Monark's (BVMF:BMKS3) Profits Appear To Have Quality Issues

Bicicletas Monark S.A.'s ( BVMF:BMKS3 ) robust recent earnings didn't do much to move the stock. We think this is due...

Mar 16

Is Bicicletas Monark S.A. (BVMF:BMKS3) A Strong Dividend Stock?

Today we'll take a closer look at Bicicletas Monark S.A. ( BVMF:BMKS3 ) from a dividend investor's perspective. Owning...

Shareholder Returns

	BMKS3	BR Leisure	BR Market
7D	4.2%	-1.6%	1.7%
1Y	4.2%	-23.6%	-19.1%

Return vs Industry: BMKS3 exceeded the BR Leisure industry which returned -23.2% over the past year.

Return vs Market: BMKS3 exceeded the BR Market which returned -19.5% over the past year.

Price Volatility

Is BMKS3's price volatile compared to industry and market?
BMKS3 volatility
BMKS3 Average Weekly Movement	7.5%
Leisure Industry Average Movement	6.5%
Market Average Movement	6.4%
10% most volatile stocks in BR Market	9.8%
10% least volatile stocks in BR Market	2.9%

Stable Share Price: BMKS3 is not significantly more volatile than the rest of BR stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: BMKS3's weekly volatility (8%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1948	n/a	Sylvio Marzagao	https://www.monark.com.br

Bicicletas Monark S.A. manufactures and sells bicycles in Brazil. It offers aluminum, BMX, men’s and women’s sportswear, and transportation bicycles. The company was formerly known as Monark Indústria e Comércio Ltda and changed its name to Bicicletas Monark S.A. in 1962.

Bicicletas Monark Fundamentals Summary

How do Bicicletas Monark's earnings and revenue compare to its market cap?
BMKS3 fundamental statistics
Market Cap	R$113.69m
Earnings (TTM)	R$8.06m
Revenue (TTM)	R$17.64m

14.1x

P/E Ratio

6.4x

P/S Ratio

Is BMKS3 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
BMKS3 income statement (TTM)
Revenue	R$17.64m
Cost of Revenue	R$11.69m
Gross Profit	R$5.95m
Other Expenses	-R$2.11m
Earnings	R$8.06m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	17.72
Gross Margin	33.71%
Net Profit Margin	45.68%
Debt/Equity Ratio	0%

How did BMKS3 perform over the long term?

See historical performance and comparison

Dividends

7.2%

Current Dividend Yield

101%

Payout Ratio

Valuation

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

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

14.11x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: BMKS3 (R$250) is trading above our estimate of fair value (R$94.44)

Significantly Below Fair Value: BMKS3 is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: BMKS3's PE Ratio (14.1x) is in line with the Global Leisure industry average.

PE vs Market: BMKS3 is poor value based on its PE Ratio (14.1x) compared to the BR market (8.8x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BMKS3's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: BMKS3 is good value based on its PB Ratio (0.6x) compared to the XX Leisure industry average (1.9x).

Future Growth

How is Bicicletas Monark forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

14.6%

Forecasted Consumer Durables industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Bicicletas Monark has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Bicicletas Monark performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-28.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BMKS3 has a high level of non-cash earnings.

Growing Profit Margin: BMKS3's current net profit margins (45.7%) are higher than last year (16%).

Past Earnings Growth Analysis

Earnings Trend: BMKS3's earnings have declined by 28.2% per year over the past 5 years.

Accelerating Growth: BMKS3's earnings growth over the past year (131.4%) exceeds its 5-year average (-28.2% per year).

Earnings vs Industry: BMKS3 earnings growth over the past year (131.4%) exceeded the Leisure industry 38%.

Return on Equity

High ROE: BMKS3's Return on Equity (4.2%) is considered low.

Financial Health

How is Bicicletas Monark's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: BMKS3's short term assets (R$168.6M) exceed its short term liabilities (R$6.3M).

Long Term Liabilities: BMKS3's short term assets (R$168.6M) exceed its long term liabilities (R$17.8M).

Debt to Equity History and Analysis

Debt Level: BMKS3 is debt free.

Reducing Debt: BMKS3 has not had any debt for past 5 years.

Debt Coverage: BMKS3 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: BMKS3 has no debt, therefore coverage of interest payments is not a concern.

Balance Sheet

Dividend

What is Bicicletas Monark current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

7.15%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: BMKS3's dividend (7.15%) is higher than the bottom 25% of dividend payers in the BR market (1.38%).

High Dividend: BMKS3's dividend (7.15%) is in the top 25% of dividend payers in the BR market (6.55%)

Stability and Growth of Payments

Stable Dividend: BMKS3's dividend payments have been volatile in the past 10 years.

Growing Dividend: BMKS3's dividend payments have fallen over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (100.9%), BMKS3's dividend payments are not well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: BMKS3 is paying a dividend but the company has no free cash flows.

Discover strong dividend paying companies

Management

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

CEO

Sylvio Marzagao

no data

Tenure

Mr. Sylvio Marzagão serves as Chairman of the Board, Chief Executive Officer and Member of Executive Committee at Bicicletas Monark S.A.

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.

Data	Last Updated (UTC time)
Company Analysis	2022/05/24 00:00
End of Day Share Price	2022/05/23 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31