DB:6BV

Stock Analysis Report

Executive Summary

Bluegreen Vacations Corporation operates as a vacation ownership company in the United States.

Snowflake

Fundamentals

Good value with moderate growth potential.


Similar Companies

Share Price & News

How has Bluegreen Vacations's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.2%

6BV

-2.8%

DE Hospitality

1.7%

DE Market


1 Year Return

-27.7%

6BV

-18.4%

DE Hospitality

7.2%

DE Market

Return vs Industry: 6BV underperformed the German Hospitality industry which returned -18.4% over the past year.

Return vs Market: 6BV underperformed the German Market which returned 7.2% over the past year.


Shareholder returns

6BVIndustryMarket
7 Day1.2%-2.8%1.7%
30 Day-3.6%16.1%2.4%
90 Day-7.7%14.3%2.3%
1 Year-23.6%-27.7%-12.8%-18.4%10.6%7.2%
3 Yearn/a12.5%-2.5%18.4%8.1%
5 Yearn/a24.9%1.0%42.3%22.9%

Price Volatility Vs. Market

How volatile is Bluegreen Vacations's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

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

16.38x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 6BV (€8.65) is trading above our estimate of fair value (€8.03)

Significantly Below Fair Value: 6BV is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 6BV is good value based on its PE Ratio (16.4x) compared to the Hospitality industry average (32.5x).

PE vs Market: 6BV is good value based on its PE Ratio (16.4x) compared to the German market (19x).


Price to Earnings Growth Ratio

PEG Ratio: 6BV is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: 6BV is good value based on its PB Ratio (1.8x) compared to the DE Hospitality industry average (2.7x).


Next Steps

Future Growth

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

25.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6BV's forecast earnings growth (25.1% per year) is above the savings rate (0.2%).

Earnings vs Market: 6BV's earnings (25.1% per year) are forecast to grow faster than the German market (12.7% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 6BV's revenue (3.2% per year) is forecast to grow slower than the German market (5% per year).

High Growth Revenue: 6BV's revenue (3.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 6BV's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Bluegreen Vacations performed over the past 5 years?

12.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 6BV's earnings have grown by 12.9% per year over the past 5 years.

Accelerating Growth: 6BV's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 6BV had negative earnings growth (-66.6%) over the past year, making it difficult to compare to the Hospitality industry average (-28.4%).


Return on Equity

High ROE: 6BV's Return on Equity (12.5%) is considered low.


Return on Assets

ROA vs Industry: 6BV has a higher Return on Assets than the Hospitality industry average last year.


Return on Capital Employed

ROCE Improving: 6BV's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Bluegreen Vacations's financial position?


Financial Position Analysis

Short Term Liabilities: 6BV's short term assets ($1.1B) exceeds its short term liabilities ($120.5M)

Long Term Liabilities: 6BV's short term assets (1.1B) exceeds its long term liabilities (769.9M)


Debt to Equity History and Analysis

Debt Level: 6BV's debt to equity ratio (140.3%) is considered high

Reducing Debt: 6BV's debt to equity ratio has reduced from 215.8% to 140.3% over the past 5 years.

Debt Coverage: 6BV's debt is not well covered by operating cash flow (10.1%).

Interest Coverage: 6BV's interest payments on its debt are not well covered by EBIT (2.8x coverage).


Balance Sheet

Inventory Level: 6BV has a high level of physical assets or inventory.

Debt Coverage by Assets: 6BV's debt is covered by short term assets (assets are 1.710310x debt).


Next Steps

Dividend

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

7.00%

Current Dividend Yield


Dividend Yield vs Market

company7.0%marketbottom25%1.5%markettop25%3.8%industryaverage6.3%forecastin3Years7.0%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 6BV's dividend (7%) is higher than the bottom 25% of dividend payers in the German market (1.48%).

High Dividend: 6BV's dividend (7%) is in the top 25% of dividend payers in the German market (3.83%)

Stable Dividend: Whilst dividend payments have been stable, 6BV has been paying a dividend for less than 10 years.

Growing Dividend: 6BV's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (107.9%), 6BV's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 6BV's dividends in 3 years are forecast to be covered by earnings (83.3% payout ratio).


Next Steps

Management

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

0.8yrs

Average management tenure


CEO

Shawn Pearson (41yo)

2.7yrs

Tenure

US$2,880,595

Compensation

Mr. Shawn B. Pearson serves as the Chief Executive Officer at Bluegreen Vacations Unlimited, Inc. Mr. Pearson has been Chief Executive Officer and President of Bluegreen Corporation (a/k/a, Bluegreen Vacat ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Shawn's total compensation is reasonable compared to companies of similar size in the German market.

Compensation vs Earnings: Shawn's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Management Age and Tenure

0.8yrs

Average Tenure

47yo

Average Age

Experienced Management: 6BV's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Age and Tenure

8.3yrs

Average Tenure

70.5yo

Average Age

Experienced Board: 6BV's board of directors are considered experienced (8.3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Susan Saturday (59yo)

    Executive VP & Chief Administrative Officer

    • Tenure: 0.08yrs
  • Ray Lopez (44yo)

    Executive VP

    • Tenure: 0.08yrs
  • Devin Sullivan

    Investor Relations Professional

    • Tenure: 0yrs
  • Ahmad Wardak (47yo)

    Executive VP & Chief Marketing Officer

    • Tenure: 0.08yrs
    • Compensation: US$1.37m
  • Chanse Rivera (49yo)

    Executive VP & Chief Information Officer

    • Tenure: 6.8yrs
  • Shawn Pearson (41yo)

    President

    • Tenure: 2.7yrs
    • Compensation: US$2.88m
  • Adrienne Kelley

    Senior VP & Chief Accounting Officer

    • Tenure: 0yrs
  • Justin Taylor (47yo)

    Executive VP and Chief People & Technology Officer

    • Tenure: 0yrs
  • Jorge de la Osa

    Chief Legal & Compliance Officer and Executive VP

    • Tenure: 1.6yrs
  • Dusty Tonkin

    Chief Sales Officer

    • Tenure: 0yrs

Board Members

  • Jarett Levan (45yo)

    Director

    • Tenure: 2.2yrs
  • Alan Levan (74yo)

    Non-Executive Chairman of the Board

    • Tenure: 2.4yrs
    • Compensation: US$100.00
  • Jack Abdo (75yo)

    Non-Executive Vice Chairman

    • Tenure: 2.4yrs
    • Compensation: US$7.17k
  • Norman Becker (81yo)

    Independent Director

    • Tenure: 16.6yrs
    • Compensation: US$85.00k
  • Arnold Sevell (71yo)

    Independent Director

    • Tenure: 17.8yrs
    • Compensation: US$83.50k
  • James Allmand (70yo)

    Independent Director

    • Tenure: 8.3yrs
    • Compensation: US$73.50k
  • Lawrence Cirillo (80yo)

    Independent Director

    • Tenure: 16yrs
    • Compensation: US$80.00k
  • Mark Nerenhausen (64yo)

    Independent Director

    • Tenure: 16yrs
    • Compensation: US$70.00k
  • Orlando Sharpe (60yo)

    Independent Director

    • Tenure: 8.3yrs
    • Compensation: US$70.00k
  • Shawn Pearson (41yo)

    President

    • Tenure: 2.7yrs
    • Compensation: US$2.88m

Company Information

Bluegreen Vacations Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bluegreen Vacations Corporation
  • Ticker: 6BV
  • Exchange: DB
  • Founded: 1966
  • Industry: Hotels, Resorts and Cruise Lines
  • Sector: Consumer Services
  • Market Cap: US$718.403m
  • Listing Market Cap: US$644.839m
  • Shares outstanding: 74.45m
  • Website: https://www.bluegreenvacations.com

Number of Employees


Location

  • Bluegreen Vacations Corporation
  • 4960 Conference Way North
  • Suite 100
  • Boca Raton
  • Florida
  • 33431
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BXGNYSE (New York Stock Exchange)YesNew Common StockUSUSDNov 2017
6BVDB (Deutsche Boerse AG)YesNew Common StockDEEURNov 2017

Biography

Bluegreen Vacations Corporation operates as a vacation ownership company in the United States. It operates through two segments, Sales of VOIs and Financing; and Resort Operations and Club Management. The  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 22:00
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.