| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 4/6 |
| Past Performance | 5/6 |
| Financial Health | 3/6 |
| Dividends | 3/6 |
BFSA Stock Overview
Befesa S.A. provides environmental recycling services to the steel and aluminum industries in European and Asian markets.
Befesa Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | €64.40 |
| 52 Week High | €72.90 |
| 52 Week Low | €51.20 |
| Beta | 1.11 |
| 1 Month Change | -1.38% |
| 3 Month Change | -7.74% |
| 1 Year Change | 11.23% |
| 3 Year Change | 75.96% |
| 5 Year Change | n/a |
| Change since IPO | 102.71% |
Recent News & Updates
These 4 Measures Indicate That Befesa (ETR:BFSA) Is Using Debt Reasonably Well
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
What Is Befesa S.A.'s (ETR:BFSA) Share Price Doing?
While Befesa S.A. ( ETR:BFSA ) might not be the most widely known stock at the moment, it saw a decent share price...
Here's Why Befesa (ETR:BFSA) Can Manage Its Debt Responsibly
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Befesa S.A. (ETR:BFSA) Shares Could Be 29% Below Their Intrinsic Value Estimate
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Befesa S.A. ( ETR:BFSA...
Shareholder Returns
| BFSA | DE Commercial Services | DE Market | |
|---|---|---|---|
| 7D | -5.6% | -3.5% | -2.0% |
| 1Y | 11.2% | 4.8% | 8.1% |
Return vs Industry: BFSA exceeded the German Commercial Services industry which returned 6.6% over the past year.
Return vs Market: BFSA exceeded the German Market which returned 10% over the past year.
Price Volatility
| BFSA volatility | |
|---|---|
| BFSA Average Weekly Movement | 3.7% |
| Commercial Services Industry Average Movement | 5.1% |
| Market Average Movement | 5.0% |
| 10% most volatile stocks in DE Market | 9.7% |
| 10% least volatile stocks in DE Market | 2.7% |
Stable Share Price: BFSA is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: BFSA's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1987 | 1,537 | Javier Molina Montes | https://www.befesa.com |
Befesa S.A. provides environmental recycling services to the steel and aluminum industries in European and Asian markets. It operates through two segments, Steel Dust Recycling Services and Aluminium Salt Slags Recycling Services. The Steel Dust Recycling Services segment collects and recycles steel dust and other steel residues generated in the production of crude, stainless, and galvanized steel.
Befesa Fundamentals Summary
| BFSA fundamental statistics | |
|---|---|
| Market Cap | €2.58b |
| Earnings (TTM) | €77.71m |
| Revenue (TTM) | €732.17m |
33.2x
P/E Ratio3.5x
P/S RatioIs BFSA overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| BFSA income statement (TTM) | |
|---|---|
| Revenue | €732.17m |
| Cost of Revenue | €413.17m |
| Gross Profit | €319.01m |
| Expenses | €241.30m |
| Earnings | €77.71m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.94 |
| Gross Margin | 43.57% |
| Net Profit Margin | 10.61% |
| Debt/Equity Ratio | 105.9% |
How did BFSA perform over the long term?
See historical performance and comparisonDividends
1.8%
Current Dividend Yield54%
Payout RatioValuation
Is Befesa undervalued compared to its fair value and its price relative to the market?
43.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BFSA (€64.4) is trading below our estimate of fair value (€113.33)
Significantly Below Fair Value: BFSA is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BFSA is poor value based on its PE Ratio (33.2x) compared to the German Commercial Services industry average (17.5x).
PE vs Market: BFSA is poor value based on its PE Ratio (33.2x) compared to the German market (20.7x).
Price to Earnings Growth Ratio
PEG Ratio: BFSA is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: BFSA is overvalued based on its PB Ratio (4.2x) compared to the DE Commercial Services industry average (3.1x).
Future Growth
How is Befesa forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
24.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BFSA's forecast earnings growth (24% per year) is above the savings rate (-0.01%).
Earnings vs Market: BFSA's earnings (24% per year) are forecast to grow faster than the German market (10.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BFSA's revenue (7.6% per year) is forecast to grow faster than the German market (5.7% per year).
High Growth Revenue: BFSA's revenue (7.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BFSA's Return on Equity is forecast to be low in 3 years time (18.3%).
Past Performance
How has Befesa performed over the past 5 years?
36.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BFSA has high quality earnings.
Growing Profit Margin: BFSA's current net profit margins (10.6%) are higher than last year (8.9%).
Past Earnings Growth Analysis
Earnings Trend: BFSA has become profitable over the past 5 years, growing earnings by 36.3% per year.
Accelerating Growth: BFSA's earnings growth over the past year (45.5%) exceeds its 5-year average (36.3% per year).
Earnings vs Industry: BFSA earnings growth over the past year (45.5%) exceeded the Commercial Services industry 29.5%.
Return on Equity
High ROE: BFSA's Return on Equity (13.1%) is considered low.
Financial Health
How is Befesa's financial position?
Financial Position Analysis
Short Term Liabilities: BFSA's short term assets (€382.2M) exceed its short term liabilities (€276.2M).
Long Term Liabilities: BFSA's short term assets (€382.2M) do not cover its long term liabilities (€782.3M).
Debt to Equity History and Analysis
Debt Level: BFSA's net debt to equity ratio (73.7%) is considered high.
Reducing Debt: BFSA's debt to equity ratio has reduced from 319.6% to 105.9% over the past 5 years.
Debt Coverage: BFSA's debt is not well covered by operating cash flow (19.5%).
Interest Coverage: BFSA's interest payments on its debt are well covered by EBIT (7.6x coverage).
Balance Sheet
Dividend
What is Befesa current dividend yield, its reliability and sustainability?
1.82%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BFSA's dividend (1.82%) is higher than the bottom 25% of dividend payers in the German market (1%).
High Dividend: BFSA's dividend (1.82%) is low compared to the top 25% of dividend payers in the German market (3.33%).
Stability and Growth of Payments
Stable Dividend: BFSA has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: BFSA's dividend payments have increased, but the company has only paid a dividend for 4 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (53.9%), BFSA's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BFSA's dividends in 3 years are forecast to be well covered by earnings (44.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
15.0yrs
Average management tenure
CEO
Javier Molina Montes (62 yo)
22yrs
Tenure
€2,599,227
Compensation
Mr. Javier Molina Montes has been Chief Executive Officer of Befesa S.A. since 2000. Mr. Molina Montes has been the Chief Executive Officer at Befesa Medio Ambiente S.L. since July 2000 and serves as its P...
CEO Compensation Analysis
Compensation vs Market: Javier's total compensation ($USD2.95M) is above average for companies of similar size in the German market ($USD2.03M).
Compensation vs Earnings: Javier's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: BFSA's management team is seasoned and experienced (15 years average tenure).
Board Members
Experienced Board: BFSA's board of directors are considered experienced (4.3 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 been diluted in the past year, with total shares outstanding growing by 17.4%.
Top Shareholders
Company Information
Befesa S.A.'s employee growth, exchange listings and data sources
Key Information
- Name: Befesa S.A.
- Ticker: BFSA
- Exchange: XTRA
- Founded: 1987
- Industry: Environmental and Facilities Services
- Sector: Commercial Services
- Implied Market Cap: €2.576b
- Shares outstanding: 40.00m
- Website: https://www.befesa.com
Number of Employees
Location
- Befesa S.A.
- 46, Boulevard Grande-Duchesse Charlotte
- Luxembourg City
- 1330
- Luxembourg
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/21 21:28 |
| End of Day Share Price | 2022/01/21 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
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.