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BYW

BayWaXTRA:BYW Stock Report

Market Cap

€1.3b

7D

-9.0%

1Y

49.7%

Updated

26 Oct, 2021

Data

Company Financials +
BYW fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance5/6
Financial Health3/6
Dividends5/6

BYW Overview

BayWa Aktiengesellschaft provides wholesale, retail, logistics, and support and consultancy services in the agriculture, building materials, and energy sectors in Germany and internationally.

BayWa Competitors

BASF

XTRA:BAS

€58.4b

Ferguson

LSE:FERG

UK£23.8b

JSW Steel

BSE:500228

₹1.7t

Kingspan Group

ISE:KRX

€17.4b

Price History & Performance

Summary of all time highs, changes and price drops for BayWa
Historical stock prices
Current Share Price€46.40
52 Week High€29.20
52 Week Low€59.00
Beta0.64
1 Month Change5.46%
3 Month Change2.66%
1 Year Change49.68%
3 Year Change49.68%
5 Year Change51.51%
Change since IPO144.21%

Recent News & Updates

Oct 20
These 4 Measures Indicate That BayWa (ETR:BYW) Is Using Debt Extensively

These 4 Measures Indicate That BayWa (ETR:BYW) Is Using Debt Extensively

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Sep 09
Returns Are Gaining Momentum At BayWa (ETR:BYW)

Returns Are Gaining Momentum At BayWa (ETR:BYW)

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...

Aug 22
A Look At The Intrinsic Value Of BayWa Aktiengesellschaft (ETR:BYW)

A Look At The Intrinsic Value Of BayWa Aktiengesellschaft (ETR:BYW)

In this article we are going to estimate the intrinsic value of BayWa Aktiengesellschaft ( ETR:BYW ) by taking the...

Jul 17
BayWa (ETR:BYW) Takes On Some Risk With Its Use Of Debt

BayWa (ETR:BYW) Takes On Some Risk With Its Use Of Debt

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...

Shareholder Returns

BYWDE Trade DistributorsDE Market
7D-9.0%-0.5%1.3%
1Y49.7%54.6%29.1%

Return vs Industry: BYW underperformed the German Trade Distributors industry which returned 52.6% over the past year.

Return vs Market: BYW exceeded the German Market which returned 24.6% over the past year.

Price Volatility

Is BYW's price volatile compared to industry and market?
BYW volatility
BYW Beta0.64
Industry Beta1.18
Market Beta1

Stable Share Price: BYW is more volatile than 75% of German stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: BYW's weekly volatility (6%) has been stable over the past year, but is still higher than 75% of German stocks.

About the Company

FoundedEmployeesCEOWebsite
192320,801Klaus Lutzhttps://www.baywa.com

BayWa Aktiengesellschaft provides wholesale, retail, logistics, and support and consultancy services in the agriculture, building materials, and energy sectors in Germany and internationally. Its Agriculture segment trades in grains, oilseeds, and specialties; supplies dessert and organic pome fruits; and collects, sells, and services seeds, fertilizers, and crop protection and feedstuff for farms. This segment also offers a line of machinery, equipment, and systems for agriculture; municipal vehicles, road sweeping vehicles, mobile systems for wood shredding, and forklift trucks; forestry tractors, wood splitting and chipping machinery, forest milling cutters and mulchers, cable winches, and road and path construction machinery; and appliances, such as chainsaws, brush cutters, and protective clothing.

BayWa Fundamentals Summary

How do BayWa's earnings and revenue compare to its market cap?
BYW fundamental statistics
Market Cap€1.27b
Earnings (TTM)€77.90m
Revenue (TTM)€18.26b

21.1x

P/E Ratio

0.09x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BYW income statement (TTM)
Revenue€18.26b
Cost of Revenue€16.16b
Gross Profit€2.11b
Expenses€2.03b
Earnings€77.90m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 11, 2021

Earnings per share (EPS)2.20
Gross Margin11.53%
Net Profit Margin0.43%
Debt/Equity Ratio173.4%

How did BYW perform over the long term?

See historical performance and comparison

Dividends

2.2%

Current Dividend Yield

57%

Payout Ratio

Valuation

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

11.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BYW (€46.4) is trading below our estimate of fair value (€52.62)

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


Price To Earnings Ratio

PE vs Industry: BYW is poor value based on its PE Ratio (21.1x) compared to the German Trade Distributors industry average (17.5x).

PE vs Market: BYW is good value based on its PE Ratio (21.1x) compared to the German market (22.5x).


Price to Earnings Growth Ratio

PEG Ratio: BYW's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: BYW is good value based on its PB Ratio (1.5x) compared to the DE Trade Distributors industry average (1.7x).


Future Growth

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

-8.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BYW's earnings are forecast to decline over the next 3 years (-8.6% per year).

Earnings vs Market: BYW's earnings are forecast to decline over the next 3 years (-8.6% per year).

High Growth Earnings: BYW's earnings are forecast to decline over the next 3 years.

Revenue vs Market: BYW's revenue (4% per year) is forecast to grow slower than the German market (5.9% per year).

High Growth Revenue: BYW's revenue (4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BYW's Return on Equity is forecast to be low in 3 years time (7.2%).


Past Performance

How has BayWa performed over the past 5 years?

6.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BYW has high quality earnings.

Growing Profit Margin: BYW's current net profit margins (0.4%) are higher than last year (0.1%).


Past Earnings Growth Analysis

Earnings Trend: BYW's earnings have grown by 6.2% per year over the past 5 years.

Accelerating Growth: BYW's earnings growth over the past year (220.6%) exceeds its 5-year average (6.2% per year).

Earnings vs Industry: BYW earnings growth over the past year (220.6%) exceeded the Trade Distributors industry 159.7%.


Return on Equity

High ROE: BYW's Return on Equity (6.8%) is considered low.


Financial Health

How is BayWa's financial position?


Financial Position Analysis

Short Term Liabilities: BYW's short term assets (€6.3B) exceed its short term liabilities (€5.1B).

Long Term Liabilities: BYW's short term assets (€6.3B) exceed its long term liabilities (€3.1B).


Debt to Equity History and Analysis

Debt Level: BYW's debt to equity ratio (173.4%) is considered high.

Reducing Debt: BYW's debt to equity ratio has reduced from 229.7% to 173.4% over the past 5 years.

Debt Coverage: BYW's debt is not well covered by operating cash flow (8.2%).

Interest Coverage: BYW's interest payments on its debt are not well covered by EBIT (2.8x coverage).


Balance Sheet


Dividend

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

2.16%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BYW's dividend (2.16%) is higher than the bottom 25% of dividend payers in the German market (1%).

High Dividend: BYW's dividend (2.16%) is low compared to the top 25% of dividend payers in the German market (3.23%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (56.9%), BYW's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BYW's dividends in 3 years are forecast to be covered by earnings (71% payout ratio).


Next Steps

Management

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

8.1yrs

Average management tenure


CEO

Klaus Lutz (62 yo)

13.25yrs

Tenure

Prof. Klaus Josef Lutz has been the Chairman of the Management Board, Member of the Management Board and Chief Executive Officer at BayWa Aktiengesellschaft (alternate name BayWa AG) (formerly known as Bay...


Leadership Team

Experienced Management: BYW's management team is seasoned and experienced (8.1 years average tenure).


Board Members

Experienced Board: BYW's board of directors are considered experienced (8.3 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

BayWa Aktiengesellschaft's employee growth, exchange listings and data sources


Key Information

  • Name: BayWa Aktiengesellschaft
  • Ticker: BYW
  • Exchange: XTRA
  • Founded: 1923
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: €1.270b
  • Shares outstanding: 35.40m
  • Website: https://www.baywa.com

Number of Employees


Location

  • BayWa Aktiengesellschaft
  • Arabellastrasse 4
  • Munich
  • Bavaria
  • 81925
  • Germany

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 17:47
End of Day Share Price2021/10/25 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.