DB:BCB

Stock Analysis Report

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Executive Summary

BBX Capital Corporation, formerly known as BFC Financial Corporation, is a private equity and venture capital firm specializing in investments and acquisitions of middle market companies.

Rewards


Snowflake Analysis

Share Price & News

How has BBX Capital's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BCB's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

5.8%

BCB

-2.4%

DE Hospitality

-0.6%

DE Market


1 Year Return

-45.0%

BCB

-35.6%

DE Hospitality

3.0%

DE Market

Return vs Industry: BCB underperformed the German Hospitality industry which returned -35.6% over the past year.

Return vs Market: BCB underperformed the German Market which returned 3% over the past year.


Shareholder returns

BCBIndustryMarket
7 Day5.8%-2.4%-0.6%
30 Day19.6%-18.4%-0.1%
90 Day31.7%2.7%16.4%
1 Year-44.7%-45.0%-32.8%-35.6%5.2%3.0%
3 Yearn/a-50.4%-57.2%1.0%-6.9%
5 Yearn/a-50.4%-60.9%8.0%-6.4%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BCB (€2.2) is trading below our estimate of fair value (€5.81)

Significantly Below Fair Value: BCB is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BCB is unprofitable, so we can't compare its PE Ratio to the DE Hospitality industry average.

PE vs Market: BCB is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BCB's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BCB is good value based on its PB Ratio (0.5x) compared to the DE Hospitality industry average (2.1x).

Future Growth

How is BBX Capital forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

64.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BCB is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: BCB is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: BCB is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: BCB's revenue (5.2% per year) is forecast to grow slower than the German market (6% per year).

High Growth Revenue: BCB's revenue (5.2% 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 BCB's Return on Equity is forecast to be high in 3 years time

Past Performance

How has BBX Capital performed over the past 5 years?

-25.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BCB is currently unprofitable.

Growing Profit Margin: BCB is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BCB is unprofitable, and losses have increased over the past 5 years at a rate of -25.2% per year.

Accelerating Growth: Unable to compare BCB's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BCB is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (-15.6%).


Return on Equity

High ROE: BCB has a negative Return on Equity (-0.56%), as it is currently unprofitable.

Financial Health

How is BBX Capital's financial position?


Financial Position Analysis

Short Term Liabilities: BCB's short term assets ($1.3B) exceed its short term liabilities ($31.1M).

Long Term Liabilities: BCB's short term assets ($1.3B) exceed its long term liabilities ($1.1B).


Debt to Equity History and Analysis

Debt Level: BCB's debt to equity ratio (132.1%) is considered high.

Reducing Debt: BCB's debt to equity ratio has reduced from 150.6% to 132.1% over the past 5 years.

Debt Coverage: BCB's debt is not well covered by operating cash flow (6.9%).

Interest Coverage: BCB is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet

Dividend

What is BBX Capital current dividend yield, its reliability and sustainability?

2.90%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate BCB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BCB's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BCB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BCB's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: BCB is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BCB's dividend in 3 years as they are not forecast to pay a notable one for the German market.

Management

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

5.4yrs

Average management tenure


CEO

Alan Levan (75yo)

no data

Tenure

US$8,742,156

Compensation

Mr. Alan B. Levan is a Founder of BBX Capital Corporation (formerly known as BFC Financial Corp) and has been its Chief Executive Officer and Chairman of the Board since February 2017 and served as its Pre ...


CEO Compensation Analysis

Compensation vs Market: Alan's total compensation ($USD8.74M) is above average for companies of similar size in the German market ($USD779.95K).

Compensation vs Earnings: Alan's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Alan Levan
Chairman & CEOno dataUS$8.74m9.82% $20.0m
Jarett Levan
President & Director10.83yrsUS$3.83m2.76% $5.6m
Raymond Lopez
Executive VP5.33yrsUS$1.77m0.17% $350.1k
Seth Wise
Executive VP & Director10.83yrsUS$3.82m2.76% $5.6m
Brett Sheppard
Chief Accounting Officerno datano datano data
Leo Hinkley
Managing Director of Investor Relations Officerno datano datano data
Susan Saturday
Executive VP & Chief Human Resources Officer2.25yrsno datano data

5.4yrs

Average Tenure

50yo

Average Age

Experienced Management: BCB's management team is seasoned and experienced (5.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Alan Levan
Chairman & CEOno dataUS$8.74m9.82% $20.0m
Jarett Levan
President & Director10.83yrsUS$3.83m2.76% $5.6m
Seth Wise
Executive VP & Director10.83yrsUS$3.82m2.76% $5.6m
John Abdo
Vice Chairman27.5yrsUS$8.86m13.26% $27.0m
Darwin Dornbush
Independent Director10.83yrsUS$100.00k0.052% $106.4k
Norman Becker
Independent Director4.08yrsUS$116.00k0.0062% $12.7k
Steven Coldren
Independent Director4.5yrsUS$119.50k0.0098% $20.0k
Neil Sterling
Independent Director17.42yrsUS$103.50kno data
William Nicholson
Independent Director10.83yrsUS$116.00k0.062% $126.7k
Joel Levy
Independent Director10.83yrsUS$120.00k0.064% $130.0k

10.8yrs

Average Tenure

74.5yo

Average Age

Experienced Board: BCB's board of directors are seasoned and experienced ( 10.8 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

BBX Capital Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: BBX Capital Corporation
  • Ticker: BCB
  • Exchange: DB
  • Founded: 1980
  • Industry: Hotels, Resorts and Cruise Lines
  • Sector: Consumer Services
  • Market Cap: US$230.710m
  • Listing Market Cap: US$203.924m
  • Shares outstanding: 96.57m
  • Website: https://www.bbxcapital.com

Number of Employees


Location

  • BBX Capital Corporation
  • 401 East Las Olas Boulevard
  • Suite 800
  • Fort Lauderdale
  • Florida
  • 33301
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BBXT.BOTCPK (Pink Sheets LLC)Class B Common StockUSUSDAug 1980
BBXNYSE (New York Stock Exchange)YesClass A Common StockUSUSDNov 1997
BCBDB (Deutsche Boerse AG)YesClass A Common StockDEEURNov 1997

Biography

BBX Capital Corporation, formerly known as BFC Financial Corporation, is a private equity and venture capital firm specializing in investments and acquisitions of middle market companies. The firm also invests in mergers and acquisition, add-on acquisitions, divestiture, taking public companies private and private companies public, leveraged buyout, partnership, recapitalization, and restructuring. It typically does not invest in industries or companies whose ultimate returns are event driven. The firm seeks to invest across a broad range of industries ranging from service to manufacturing businesses. The firm prefers to acquire controlling interests in its portfolio companies and can also consider minority investments. BFC Financial Corporation was founded in 1980 and is based in Fort Lauderdale, Florida. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/10 21:38
End of Day Share Price2020/07/10 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.