Market Cap
€1.2b
Last Updated
2020/09/21 04:29 UTC
Data Sources
Company Financials +
Executive Summary
Befesa S.A., a recycling services company, offers waste management solutions. More Details
Rewards
Risk Analysis
Snowflake Analysis
Fair value with moderate growth potential.
Similar Companies
Share Price & News
How has Befesa's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BFSA has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0%
BFSA
-0.2%
DE Commercial Services
-0.3%
DE Market
1 Year Return
4.8%
BFSA
-10.3%
DE Commercial Services
5.9%
DE Market
Return vs Industry: BFSA exceeded the German Commercial Services industry which returned -10.3% over the past year.
Return vs Market: BFSA underperformed the German Market which returned 5.9% over the past year.
Shareholder returns
| BFSA | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | -0.2% | -0.3% |
| 30 Day | 4.5% | -0.4% | 2.1% |
| 90 Day | 2.7% | 1.0% | 5.3% |
| 1 Year | 6.2%4.8% | -8.7%-10.3% | 8.4%5.9% |
| 3 Year | n/a | -17.2%-23.4% | 6.0%-2.6% |
| 5 Year | n/a | -0.8%-12.7% | 36.2%17.6% |
Price Volatility Vs. Market
How volatile is Befesa's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Calculating The Intrinsic Value Of Befesa S.A. (ETR:BFSA)2 weeks ago | Simply Wall St
Befesa S.A. (ETR:BFSA) Is Yielding 1.3% - But Is It A Buy?1 month ago | Simply Wall St
Is It Time To Consider Buying Befesa S.A. (ETR:BFSA)?Valuation
Is Befesa undervalued compared to its fair value and its price relative to the market?
18.81x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BFSA (€33.9) is trading above our estimate of fair value (€31.14)
Significantly Below Fair Value: BFSA is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BFSA is good value based on its PE Ratio (18.8x) compared to the XE Commercial Services industry average (19.2x).
PE vs Market: BFSA is good value based on its PE Ratio (18.8x) compared to the German market (22x).
Price to Earnings Growth Ratio
PEG Ratio: BFSA is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: BFSA is overvalued based on its PB Ratio (3.4x) compared to the DE Commercial Services industry average (2x).
Next Steps
Future Growth
How is Befesa forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
28.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BFSA's forecast earnings growth (28.6% per year) is above the savings rate (0.2%).
Earnings vs Market: BFSA's earnings (28.6% per year) are forecast to grow faster than the German market (27.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BFSA's revenue (5.3% per year) is forecast to grow slower than the German market (6.1% per year).
High Growth Revenue: BFSA's revenue (5.3% 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 (19.5%).
Next Steps
Past Performance
How has Befesa performed over the past 5 years?
63.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BFSA has high quality earnings.
Growing Profit Margin: BFSA's current net profit margins (10.2%) are lower than last year (13%).
Past Earnings Growth Analysis
Earnings Trend: BFSA has become profitable over the past 5 years, growing earnings by 63.9% per year.
Accelerating Growth: BFSA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BFSA had negative earnings growth (-31.4%) over the past year, making it difficult to compare to the Commercial Services industry average (-2.1%).
Return on Equity
High ROE: BFSA's Return on Equity (17.7%) is considered low.
Next Steps
Financial Health
How is Befesa's financial position?
Financial Position Analysis
Short Term Liabilities: BFSA's short term assets (€271.9M) exceed its short term liabilities (€133.7M).
Long Term Liabilities: BFSA's short term assets (€271.9M) do not cover its long term liabilities (€603.7M).
Debt to Equity History and Analysis
Debt Level: BFSA's debt to equity ratio (146.2%) is considered high.
Reducing Debt: BFSA's debt to equity ratio has reduced from 253.6% to 146.2% over the past 5 years.
Debt Coverage: BFSA's debt is not well covered by operating cash flow (12.6%).
Interest Coverage: BFSA's interest payments on its debt are well covered by EBIT (6.2x coverage).
Balance Sheet
Next Steps
Dividend
What is Befesa current dividend yield, its reliability and sustainability?
1.30%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BFSA's dividend (1.3%) is higher than the bottom 25% of dividend payers in the German market (1.15%).
High Dividend: BFSA's dividend (1.3%) is low compared to the top 25% of dividend payers in the German market (3.64%).
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 has only been paying a dividend for 2 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (24.4%), BFSA's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BFSA's dividends in 3 years are forecast to be well covered by earnings (47.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
13.7yrs
Average management tenure
CEO
Javier Molina Montes (61 yo)
20.67yrs
Tenure
€2,308,379
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 ($USD2.74M) is above average for companies of similar size in the German market ($USD1.55M).
Compensation vs Earnings: Insufficient data to compare Javier's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 20.67yrs | €2.31m | no data | |
| CFO & Executive Director | 2.92yrs | €1.69m | no data | |
| VP of Steel Dust Recycling Services & Executive Director | 1.17yrs | €1.58m | no data | |
| Director of Investor Relations & Strategy | 12.67yrs | no data | no data | |
| Board Secretary & General Counsel | no data | no data | no data |
13.7yrs
Average Tenure
53yo
Average Age
Experienced Management: BFSA's management team is seasoned and experienced (13.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 20.67yrs | €2.31m | no data | |
| CFO & Executive Director | 2.92yrs | €1.69m | no data | |
| VP of Steel Dust Recycling Services & Executive Director | 1.17yrs | €1.58m | no data | |
| Independent Non-Executive Director | 2.92yrs | €60.00k | no data | |
| Independent Non-Executive Director | 2.92yrs | €60.00k | no data | |
| Independent Chairman | 2.92yrs | €150.00k | no data | |
| Independent Non-Executive Director | 1.17yrs | €30.00k | no data | |
| Independent Non-Executive Director | 2.92yrs | €60.00k | no data | |
| Independent Non-Executive Director | 2.92yrs | €60.00k | no data |
2.9yrs
Average Tenure
65yo
Average Age
Experienced Board: BFSA's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
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
Befesa S.A.'s company bio, 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
- Market Cap: €1.155b
- Shares outstanding: 34.07m
- Website: https://www.befesa.com
Number of Employees
Location
- Befesa S.A.
- 46, Boulevard Grande-Duchesse Charlotte
- Luxembourg City
- 1330
- Luxembourg
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BFSA | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Nov 2017 |
| 0RVK | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Nov 2017 |
| BFSA | XTRA (XETRA Trading Platform) | Yes | Ordinary Shares | DE | EUR | Nov 2017 |
| BFSAD | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Nov 2017 |
| BFSA | ETLX (Eurotlx) | Yes | Ordinary Shares | IT | EUR | Nov 2017 |
| BFSA N | BMV (Bolsa Mexicana de Valores) | Yes | Ordinary Shares | MX | MXN | Nov 2017 |
Biography
Befesa S.A., a recycling services company, offers waste management solutions. It operates through two segments, Steel Dust Recycling Services and Aluminium Salt Slags Recycling Services. The Steel Dust Rec ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/09/21 04:29 |
| End of Day Share Price | 2020/09/18 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.