DB:B9B

Stock Analysis Report

BHB Brauholding Bayern-Mitte

Executive Summary

BHB Brauholding Bayern-Mitte AG engages in the brewery business in Germany.

Rewards

Earnings are forecast to grow 16.74% per year

Risk Analysis

Unstable dividend track record

Latest financial reports are more than 6 months old

Does not have a meaningful market cap (€10M)



Snowflake Analysis

Excellent balance sheet with questionable track record.

Share Price & News

How has BHB Brauholding Bayern-Mitte's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: B9B has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

3.0%

B9B

0.5%

DE Beverage

0.2%

DE Market


1 Year Return

12.6%

B9B

17.2%

DE Beverage

14.4%

DE Market

Return vs Industry: B9B underperformed the German Beverage industry which returned 17.2% over the past year.

Return vs Market: B9B underperformed the German Market which returned 14.4% over the past year.


Shareholder returns

B9BIndustryMarket
7 Day3.0%0.5%0.2%
30 Day3.0%5.1%0.9%
90 Day2.4%6.2%4.6%
1 Year14.7%12.6%19.6%17.2%17.9%14.4%
3 Year27.5%20.1%44.2%36.2%15.7%5.6%
5 Year34.7%21.5%85.3%69.8%23.4%6.5%

Price Volatility Vs. Market

How volatile is BHB Brauholding Bayern-Mitte's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is BHB Brauholding Bayern-Mitte undervalued compared to its fair value and its price relative to the market?

45.99x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: B9B (€3.2) is trading above our estimate of fair value (€3.13)

Significantly Below Fair Value: B9B is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: B9B is poor value based on its PE Ratio (43.3x) compared to the Beverage industry average (30x).

PE vs Market: B9B is poor value based on its PE Ratio (43.3x) compared to the German market (20.7x).


Price to Earnings Growth Ratio

PEG Ratio: B9B is poor value based on its PEG Ratio (2.6x)


Price to Book Ratio

PB vs Industry: B9B is good value based on its PB Ratio (0.9x) compared to the DE Beverage industry average (2.4x).


Next Steps

Future Growth

How is BHB Brauholding Bayern-Mitte forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

16.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: B9B's forecast earnings growth (16.7% per year) is above the savings rate (-0.4%).

Earnings vs Market: B9B's earnings (16.7% per year) are forecast to grow faster than the German market (13.3% per year).

High Growth Earnings: B9B's earnings are forecast to grow, but not significantly.

Revenue vs Market: B9B's revenue (1.7% per year) is forecast to grow slower than the German market (5% per year).

High Growth Revenue: B9B's revenue (1.7% 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 B9B's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has BHB Brauholding Bayern-Mitte performed over the past 5 years?

12.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: B9B has high quality earnings.

Growing Profit Margin: B9B's current net profit margins (1.3%) are lower than last year (1.6%).


Past Earnings Growth Analysis

Earnings Trend: B9B's earnings have grown by 12.8% per year over the past 5 years.

Accelerating Growth: B9B's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: B9B had negative earnings growth (-12.9%) over the past year, making it difficult to compare to the Beverage industry average (-11.6%).


Return on Equity

High ROE: B9B's Return on Equity (2.1%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is BHB Brauholding Bayern-Mitte's financial position?


Financial Position Analysis

Short Term Liabilities: B9B's short term assets (€4.9M) exceed its short term liabilities (€2.6M).

Long Term Liabilities: B9B's short term assets (€4.9M) exceed its long term liabilities (€1.4M).


Debt to Equity History and Analysis

Debt Level: B9B's debt to equity ratio (10.2%) is considered satisfactory.

Reducing Debt: B9B's debt to equity ratio has increased from 5.4% to 10.2% over the past 5 years.

Debt Coverage: B9B's debt is well covered by operating cash flow (206.4%).

Interest Coverage: B9B earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: B9B has a high level of physical assets or inventory.

Debt Coverage by Assets: B9B's debt is covered by short term assets (assets are 4.4x debt).


Next Steps

Dividend

What is BHB Brauholding Bayern-Mitte's current dividend yield, its reliability and sustainability?

1.76%

Current Dividend Yield


Dividend Yield vs Market

company1.8%marketbottom25%1.3%markettop25%3.6%industryaverage1.7%forecastin3Years1.8%

Current dividend yield vs market & industry

Notable Dividend: B9B's dividend (1.88%) is higher than the bottom 25% of dividend payers in the German market (1.32%).

High Dividend: B9B's dividend (1.88%) is low compared to the top 25% of dividend payers in the German market (3.63%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, B9B has been paying a dividend for less than 10 years.

Growing Dividend: B9B has only been paying a dividend for 8 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (81.2%), B9B's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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


CEO

BHB Brauholding Bayern-Mitte has no CEO, or we have no data on them.


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.


Top Shareholders

Company Information

BHB Brauholding Bayern-Mitte AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: BHB Brauholding Bayern-Mitte AG
  • Ticker: B9B
  • Exchange: DB
  • Founded: 1882
  • Industry: Brewers
  • Sector: Food, Beverage & Tobacco
  • Market Cap: €9.920m
  • Shares outstanding: 3.10m
  • Website: https://www.bhb-ag.de

Number of Employees


Location

  • BHB Brauholding Bayern-Mitte AG
  • Manchinger Str. 95
  • Ingolstadt
  • Bavaria
  • 85053
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
B9BDB (Deutsche Boerse AG)YesCommon StockDEEURJul 2010

Biography

BHB Brauholding Bayern-Mitte AG engages in the brewery business in Germany. It offers white beer, lower fermented beer specialties, and beer mixed drinks, as well as mineral water and non-alcoholic beverages, and thirst extinguishers. The company was founded in 1882 and is based in Ingolstadt, Germany. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/20 22:04
End of Day Share Price2020/02/20 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.