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Befesa

DB:BFSA
Snowflake Description

Solid track record and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BFSA
DB
€1B
Market Cap
  1. Home
  2. DE
  3. Commercial Services
Company description

Befesa S.A., a services company, offers waste management solutions. The last earnings update was 31 days ago. More info.


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BFSA Share Price and Events
7 Day Returns
2.6%
DB:BFSA
1.5%
DE Commercial Services
1.8%
DE Market
1 Year Returns
-4.2%
DB:BFSA
-8.1%
DE Commercial Services
-6%
DE Market
BFSA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Befesa (BFSA) 2.6% 2.6% 8.2% -4.2% - -
DE Commercial Services 1.5% 1.7% 10.8% -8.1% 1.3% -41%
DE Market 1.8% 4.6% 7.4% -6% 10.1% 15.3%
1 Year Return vs Industry and Market
  • BFSA outperformed the Commercial Services industry which returned -8.1% over the past year.
  • BFSA outperformed the Market in Germany which returned -6% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is Befesa undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Befesa to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Befesa.

DB:BFSA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:BFSA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.735 (1 + (1- 26.01%) (39%))
0.964
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.96
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.964 * 5.96%)
5.98%

Discounted Cash Flow Calculation for DB:BFSA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Befesa is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:BFSA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 5.98%)
2019 58.80 Analyst x3 55.48
2020 100.05 Analyst x4 89.08
2021 119.05 Analyst x4 100.02
2022 140.70 Analyst x2 111.55
2023 149.20 Analyst x2 111.62
2024 155.43 Est @ 4.18% 109.72
2025 160.08 Est @ 2.99% 106.63
2026 163.54 Est @ 2.16% 102.80
2027 166.13 Est @ 1.58% 98.53
2028 168.08 Est @ 1.18% 94.07
Present value of next 10 years cash flows €979.51
DB:BFSA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €168.08 × (1 + 0.23%) ÷ (5.98% – 0.23%)
€2,930.91
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €2,930.91 ÷ (1 + 5.98%)10
€1,640.33
DB:BFSA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €979.51 + €1,640.33
€2,619.84
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €2,619.84 / 34.07
€76.9
DB:BFSA Discount to Share Price
Calculation Result
Value per share (EUR) From above. €76.90
Current discount Discount to share price of €39.70
= -1 x (€39.70 - €76.90) / €76.90
48.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Befesa is available for.
Intrinsic value
48%
Share price is €39.7 vs Future cash flow value of €76.9
Current Discount Checks
For Befesa to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Befesa's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Befesa's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Befesa's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Befesa's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:BFSA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €2.71
DB:BFSA Share Price ** DB (2019-04-18) in EUR €39.7
Europe Commercial Services Industry PE Ratio Median Figure of 105 Publicly-Listed Commercial Services Companies 16.52x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.59x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Befesa.

DB:BFSA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= DB:BFSA Share Price ÷ EPS (both in EUR)

= 39.7 ÷ 2.71

14.64x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Befesa is good value based on earnings compared to the Europe Commercial Services industry average.
  • Befesa is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Befesa's expected growth come at a high price?
Raw Data
DB:BFSA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.64x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
5%per year
Europe Commercial Services Industry PEG Ratio Median Figure of 54 Publicly-Listed Commercial Services Companies 1.39x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

DB:BFSA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.64x ÷ 5%

2.94x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Befesa is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Befesa's assets?
Raw Data
DB:BFSA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €9.78
DB:BFSA Share Price * DB (2019-04-18) in EUR €39.7
Germany Commercial Services Industry PB Ratio Median Figure of 8 Publicly-Listed Commercial Services Companies 2.03x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
DB:BFSA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= DB:BFSA Share Price ÷ Book Value per Share (both in EUR)

= 39.7 ÷ 9.78

4.06x

* Primary Listing of Befesa.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Befesa is overvalued based on assets compared to the DE Commercial Services industry average.
X
Value checks
We assess Befesa's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. Befesa has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Befesa expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Befesa expected to grow at an attractive rate?
  • Befesa's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Befesa's earnings growth is positive but not above the Germany market average.
  • Befesa's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:BFSA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:BFSA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 5%
DB:BFSA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 4.1%
Germany Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 31.2%
Germany Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:BFSA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:BFSA Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 869 1
2022-12-31 850 1
2021-12-31 839 158 105 5
2020-12-31 806 161 108 5
2019-12-31 755 196 95 2
DB:BFSA Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 720 104 92
2018-09-30 716 84 50
2018-06-30 733 96 129
2018-03-31 747 73 33
2017-12-31 725 92 22
2017-09-30 709 74 -36
2017-06-30 685 79 -43
2017-03-31 634 80 -100
2016-12-31 612 56 -52

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Befesa's earnings are expected to grow by 5% yearly, however this is not considered high growth (20% yearly).
  • Befesa's revenue is expected to grow by 4.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:BFSA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Befesa Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:BFSA Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 3.10 3.61 2.74 4.00
2020-12-31 3.14 3.44 3.00 5.00
2019-12-31 3.01 3.01 3.01 1.00
DB:BFSA Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 2.71
2018-09-30 2.00
2018-06-30 4.21
2018-03-31 1.34
2017-12-31 0.87
2017-09-30 -1.07
2017-06-30 -1.51
2017-03-31 -4.51
2016-12-31 -2.44

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Befesa is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Befesa's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Befesa has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Befesa performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Befesa's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Befesa has delivered over 20% year on year earnings growth in the past 5 years.
  • Befesa's 1-year earnings growth exceeds its 5-year average (323.6% vs 37.3%)
  • Befesa's earnings growth has exceeded the Europe Commercial Services industry average in the past year (323.6% vs 15.7%).
Earnings and Revenue History
Befesa's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Befesa Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:BFSA Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 720.09 92.39
2018-09-30 715.96 50.02
2018-06-30 732.80 128.57
2018-03-31 747.42 33.44
2017-12-31 724.79 21.81
2017-09-30 709.21 -36.38
2017-06-30 685.27 -42.78
2017-03-31 634.07 -99.55
2016-12-31 611.69 -51.94
2015-12-31 743.50 -83.63
2014-12-31 651.19 18.37
2013-12-31 533.38 -15.69

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Befesa has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • Befesa used its assets more efficiently than the Europe Commercial Services industry average last year based on Return on Assets.
  • Befesa has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Befesa's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Befesa has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Befesa's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Befesa's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Befesa is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Befesa's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Befesa's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Befesa Company Filings, last reported 3 months ago.

DB:BFSA Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 342.63 527.50 150.65
2018-09-30 296.91 523.50 105.64
2018-06-30 246.28 528.85 104.42
2018-03-31 209.38 525.67 118.23
2017-12-31 179.73 524.24 117.58
2017-09-30 199.00 536.80 87.90
2017-06-30 198.64 538.52 84.65
2017-03-31 158.19 581.88 59.05
2016-12-31 158.19 581.88 59.05
2015-12-31 259.26 608.96 58.16
2014-12-31 248.08 691.01 83.05
2013-12-31 241.30 669.94 70.61
  • Befesa's level of debt (154%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (277.6% vs 154% today).
  • Debt is not well covered by operating cash flow (19.7%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8.7x coverage).
X
Financial health checks
We assess Befesa's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Befesa has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Befesa's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.32%
Current annual income from Befesa dividends. Estimated to be 3.64% next year.
If you bought €2,000 of Befesa shares you are expected to receive €66 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Befesa's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Befesa's dividend is below the markets top 25% of dividend payers in Germany (3.71%).
Upcoming dividend payment

Purchase Befesa before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:BFSA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Germany Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 3.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:BFSA Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1.49 6.00
2020-12-31 1.47 6.00
2019-12-31 1.33 4.00
DB:BFSA Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-21 1.320 3.419
2018-05-24 0.730 1.835
2018-03-26 0.730 1.770

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether Befesa has stable dividend payments.
  • Befesa only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Befesa's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2x coverage).
X
Income/ dividend checks
We assess Befesa's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Befesa afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Befesa has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Befesa's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Javier Molina Montes
AGE 58
TENURE AS CEO 1.5 years
CEO Bio

Mr. Javier Molina Montes has been Chief Executive Officer of Befesa S.A. since October 18, 2017. Mr. Molina Montes has been the Chief Executive Officer at Befesa Medio Ambiente S.L. since July 2000 and serves as its President. He served as an Executive Vice President of Industrial Recycling and Director of the Environment Business Group at Abengoa, S.A. He served as Chief Executive Officer of Abengoa Servicios Urbanos (Abensur). He joined Abengoa, S.A. in 1994. From 1989 to 1993, he served as General Director of Tesca. From 1983 to 1985, he was an account executive at Banco de Progreso. He has been the Chairman of Befesa Medio Ambiente S.L. since 2000 and has been its Executive Director since July 11, 2000. He has been Executive Director of Befesa S.A. since October 18, 2017. He served as Director of Gestión Integral de RRHH, S.A., a subsidiary of Abengoa and Simosa IT, S.A., a subsidiary of Abengoa, until 2013. Mr. Molina Montes holds a Master in Law and Management and Business (ICADE, E3) from Universidad Pontificia de Comillas.

CEO Compensation
  • Insufficient data for Javier to compare compensation growth.
  • Insufficient data for Javier to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team

Javier Molina Montes

TITLE
CEO & Executive Director
AGE
58
TENURE
1.5 yrs

Wolf Lehmann

TITLE
CFO & Executive Director
AGE
47
TENURE
5.3 yrs

Rafael Pérez

TITLE
Director of Investor Relations & Strategy

Birke Fuchs

TITLE
Board Secretary & General Counsel
Board of Directors Tenure

Average tenure and age of the Befesa board of directors in years:

1.5
Average Tenure
63
Average Age
  • The average tenure for the Befesa board of directors is less than 3 years, this suggests a new board.
Board of Directors

Romeo Kreinberg

TITLE
Chairman of the Board
AGE
67
TENURE
1.5 yrs

Javier Molina Montes

TITLE
CEO & Executive Director
AGE
58
TENURE
1.5 yrs

Wolf Lehmann

TITLE
CFO & Executive Director
AGE
47
TENURE
1.5 yrs

Georg von Waldersee

TITLE
Independent Non-Executive Director
AGE
63
TENURE
1.5 yrs

Hans Maret

TITLE
Non-Executive Director
AGE
67
TENURE
1.5 yrs

Roland Oelschlager

TITLE
Non-Executive Director
AGE
45
TENURE
1.5 yrs

Manuel Soto

TITLE
Independent Non-Executive Director
AGE
78
TENURE
1.5 yrs

Santiago Zaldumbide

TITLE
Independent Non-Executive Director
AGE
76
TENURE
1.5 yrs

Frauke Heistermann

TITLE
Independent Non-Executive Director
AGE
47
TENURE
1.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Befesa's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Befesa has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

How Do Analysts See Befesa S.A. (FRA:BFSA) Performing In The Next 12 Months?

the consensus outlook from analysts appear somewhat bearish, … as a 3.3% rise in profits is expected in the upcoming year, … the higher past 5-year average growth rate of 37%.

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Will Befesa S.A.'s (FRA:BFSA) Earnings Grow In The Next Couple Of Years?

Befesa S.A.'s (FRA:BFSA) latest earnings update in December 2018a … revealed … company

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Should You Like Befesa S.A.’s (FRA:BFSA) High Return On Capital Employed?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

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Should You Be Excited About Befesa S.A.'s (FRA:BFSA) 27% Return On Equity?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … One way to conceptualize this, is that for each €1 of shareholders' equity it has, the company made €0.27 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

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What Kind Of Shareholder Appears On The Befesa S.A.'s (FRA:BFSA) Shareholder Register?

We also tend to see lower insider ownership in companies that were previously publicly owned. … Taking a look at the our data on the ownership groups (below), it's seems that. … Let's take a closer look to see what the different types of shareholder can tell us about BFSA

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Befesa S.A. (FRA:BFSA): Is It A Smart Long Term Opportunity?

In September 2018, Befesa S.A. … (FRA:BFSA) announced its earnings update. … with earnings expected to grow by a high double-digit of 97% in the upcoming year,

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Is Befesa S.A. (FRA:BFSA) A Smart Choice For Dividend Investors?

Dividends play a key role in compounding returns over time and can form a large part of our portfolio return. … (FRA:BFSA) has started paying a dividend to shareholders. … 5 checks you should do on a dividend stock

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Is Befesa SA (FRA:BFSA) Undervalued After Accounting For Its Future Growth?

Growth expectations for Befesa SA (FRA:BFSA) are high, but many investors are starting to ask whether its last close at €35.55 can still be rationalized by the future potential. … Let’s look into this by assessing BFSA's expected growth over the next few years. … According to the analysts covering the company, the following few years should bring about good growth prospects for Befesa

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What Do You Get For Owning Befesa SA (FRA:BFSA)?

As a result, your investment is being put to work to fund operations and if you want to earn an attractive return on your investment, the business needs to be making an adequate amount of money from the funds you provide. … You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … Thus, to understand how your money can grow by investing in Befesa, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

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What Does Befesa SA's (FRA:BFSA) Ownership Structure Look Like?

Today, I will be analyzing Befesa SA’s (FRA:BFSA) recent ownership structure, an important but not-so-popular subject among individual investors. … Ownership structure of a company has been found to affect share performance over time. … It also impacts the trading environment of company shares, which is more of a concern for short-term investors.

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Company Info

Description

Befesa S.A., a services company, offers waste management solutions. It operates through Steel Dust Recycling Services and Aluminium Salt Slags Recycling Services segments. 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; and produces waelz oxide and other metals. The Aluminium Salt Slags Recycling Services segment recycles salt slags and spent pot linings; and recovers and sells salt, aluminum concentrate, and aluminum oxides. This segment also collects and recycles aluminum scrap and other aluminum residues, such as aluminium drosses, shavings, and cuttings; and produces secondary aluminum alloys for automotive and construction industries. The company also offers logistics services; develops projects and technology; and operates as a marketing company. It has operations in Spain, Germany, France, the United Kingdom, rest of Europe, South Korea, and internationally. The company was founded in 1987 and is based in Luxembourg City, Luxembourg.

Details
Name: Befesa S.A.
BFSA
Exchange: DB
Founded: 1987
€1,352,448,188
34,066,705
Website: http://www.befesa.com
Address: Befesa S.A.
46, Boulevard Grande-Duchesse Charlotte,
Luxembourg City,
1330,
Luxembourg
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
DB BFSA Ordinary Shares Deutsche Boerse AG DE EUR 03. Nov 2017
XTRA BFSA Ordinary Shares XETRA Trading Platform DE EUR 03. Nov 2017
LSE 0RVK Ordinary Shares London Stock Exchange GB EUR 03. Nov 2017
Number of employees
Current staff
Staff numbers
1,128
Befesa employees.
Industry
Environmental and Facilities Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 22:03
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/10
Last earnings filing: 2019/03/21
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.