XTRA:BST

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

Bastei Lübbe AG, a media company, publishes books, audio books, e-books, and novels in the genres of fiction and popular science in Germany, Austria, Luxembourg, and Switzerland. More Details


Snowflake Analysis

Excellent balance sheet and overvalued.

Share Price & News

How has Bastei Lübbe's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-3.6%

BST

1.1%

DE Media

-0.3%

DE Market


1 Year Return

32.9%

BST

-17.6%

DE Media

5.9%

DE Market

Return vs Industry: BST exceeded the German Media industry which returned -18% over the past year.

Return vs Market: BST exceeded the German Market which returned 5.7% over the past year.


Shareholder returns

BSTIndustryMarket
7 Day-3.6%1.1%-0.3%
30 Day21.6%10.3%2.1%
90 Day94.8%11.5%5.3%
1 Year32.9%32.9%-17.6%-17.6%8.4%5.9%
3 Year-33.3%-33.3%-36.8%-42.8%6.0%-2.6%
5 Year-46.8%-47.7%-44.7%-55.1%36.2%17.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Bastei Lübbe undervalued compared to its fair value and its price relative to the market?

22.99x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BST (€3.72) is trading above our estimate of fair value (€1.89)

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


Price To Earnings Ratio

PE vs Industry: BST's PE Ratio (23x) is in line with the DE Media industry average.

PE vs Market: BST is poor value based on its PE Ratio (23x) compared to the German market (21.9x).


Price to Earnings Growth Ratio

PEG Ratio: BST is poor value based on its PEG Ratio (1.5x)


Price to Book Ratio

PB vs Industry: BST is good value based on its PB Ratio (1.7x) compared to the DE Media industry average (2.3x).


Next Steps

Future Growth

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

15.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BST's forecast earnings growth (15.1% per year) is above the savings rate (0.2%).

Earnings vs Market: BST's earnings (15.1% per year) are forecast to grow slower than the German market (27.7% per year).

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

Revenue vs Market: BST's revenue (4.6% per year) is forecast to grow slower than the German market (6.1% per year).

High Growth Revenue: BST's revenue (4.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BST's Return on Equity is forecast to be low in 3 years time (12.7%).


Next Steps

Past Performance

How has Bastei Lübbe performed over the past 5 years?

-23.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BST has high quality earnings.

Growing Profit Margin: BST's current net profit margins (2.6%) are lower than last year (3.3%).


Past Earnings Growth Analysis

Earnings Trend: BST's earnings have declined by 23.9% per year over the past 5 years.

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

Earnings vs Industry: BST had negative earnings growth (-23.1%) over the past year, making it difficult to compare to the Media industry average (-38.8%).


Return on Equity

High ROE: BST's Return on Equity (7.3%) is considered low.


Next Steps

Financial Health

How is Bastei Lübbe's financial position?


Financial Position Analysis

Short Term Liabilities: BST's short term assets (€28.9M) do not cover its short term liabilities (€30.8M).

Long Term Liabilities: BST's short term assets (€28.9M) exceed its long term liabilities (€8.0M).


Debt to Equity History and Analysis

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

Reducing Debt: BST's debt to equity ratio has reduced from 48.9% to 10.2% over the past 5 years.

Debt Coverage: BST's debt is well covered by operating cash flow (475.2%).

Interest Coverage: BST's interest payments on its debt are well covered by EBIT (5.6x coverage).


Balance Sheet


Next Steps

Dividend

What is Bastei Lübbe current dividend yield, its reliability and sustainability?

3.27%

Forecast Dividend Yield


Dividend Yield vs Market

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

High Dividend: Unable to evaluate BST'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 BST's dividends per share have been stable in the past.

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


Current Payout to Shareholders

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


Future Payout to Shareholders

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


Next Steps

Management

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

1.6yrs

Average management tenure


CEO

Carel Halff (68 yo)

2.83yrs

Tenure

€397,000

Compensation

Mr. Carel Halff has been Chief Executive Officer and Member of Management Board at Bastei Lübbe AG since November 1, 2017 and also serves as it's Chairman of Executive Board. He is responsible for strategy ...


CEO Compensation Analysis

Compensation vs Market: Carel's total compensation ($USD469.38K) is about average for companies of similar size in the German market ($USD479.13K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Carel Halff
CEO & Chairman of Executive Board2.83yrs€397.00kno data
Joachim Herbst
Chief Financial Officer0.083yrno datano data
Simon Decot
Member of Executive Board & Director of Programmes0.42yrno datano data
Sandra Dittert
Member of the Executive Board0.083yrno datano data
Barbara Fischer
Head of Press & Public Relationsno datano datano data
Mario Giordano
Head of Content Development5.92yrsno datano data
Cay Montmann
Head of Marketing & Designno datano datano data
Felix Rudloff
Consultant4.67yrsno datano data

1.6yrs

Average Tenure

51.5yo

Average Age

Experienced Management: BST's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


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

Bastei Lübbe AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bastei Lübbe AG
  • Ticker: BST
  • Exchange: XTRA
  • Founded: 1953
  • Industry: Publishing
  • Sector: Media
  • Market Cap: €49.104m
  • Shares outstanding: 13.20m
  • Website: https://www.luebbe.de

Number of Employees


Location

  • Bastei Lübbe AG
  • Schanzenstrasse 6-20
  • Cologne
  • North Rhine-Westphalia
  • 51063
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BSTDB (Deutsche Boerse AG)YesCommon StockDEEURSep 2013
BSTXTRA (XETRA Trading Platform)YesCommon StockDEEURSep 2013
0QHCLSE (London Stock Exchange)YesCommon StockGBEURSep 2013
BSTDBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBEURSep 2013

Biography

Bastei Lübbe AG, a media company, publishes books, audio books, e-books, and novels in the genres of fiction and popular science in Germany, Austria, Luxembourg, and Switzerland. It operates through Books ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/21 03:06
End of Day Share Price2020/09/18 00:00
Earnings2020/06/30
Annual Earnings2020/03/31


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.