DB:BBQ

Stock Analysis Report

Beter Bed Holding

Executive Summary

Beter Bed Holding N.V. operates as a retail- and wholesale organization in the bedroom furnishing sector.


Snowflake Analysis

Moderate growth potential with worrying balance sheet.

Share Price & News

How has Beter Bed Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

BBQ

-1.1%

DE Specialty Retail

-0.9%

DE Market


1 Year Return

-49.0%

BBQ

14.0%

DE Specialty Retail

12.8%

DE Market

Return vs Industry: BBQ underperformed the German Specialty Retail industry which returned 14% over the past year.

Return vs Market: BBQ underperformed the German Market which returned 12.8% over the past year.


Shareholder returns

BBQIndustryMarket
7 Day0%-1.1%-0.9%
30 Day-4.4%-1.3%0.6%
90 Day1.3%4.1%2.9%
1 Year-49.0%-49.0%16.7%14.0%16.3%12.8%
3 Year-84.9%-85.7%-10.5%-49.0%15.8%5.7%
5 Year-86.7%-88.3%-2.6%-50.7%19.7%3.3%

Price Volatility Vs. Market

How volatile is Beter Bed Holding's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Beter Bed Holding undervalued compared to its fair value and its price relative to the market?

2.08x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate BBQ's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate BBQ's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: BBQ is unprofitable, so we can't compare its PE Ratio to the Specialty Retail industry average.

PE vs Market: BBQ 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 BBQ's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BBQ is overvalued based on its PB Ratio (2.1x) compared to the DE Specialty Retail industry average (1.4x).


Next Steps

Future Growth

How is Beter Bed Holding forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

99.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BBQ is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (-0.4%).

Earnings vs Market: BBQ is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: BBQ's is expected to become profitable in the next 3 years.

Revenue vs Market: BBQ's revenue is expected to decline over the next 3 years (-14.1% per year).

High Growth Revenue: BBQ's revenue is forecast to decline over the next 3 years (-14.1% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BBQ's Return on Equity is forecast to be low in 3 years time (15.1%).


Next Steps

Past Performance

How has Beter Bed Holding performed over the past 5 years?

-37.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BBQ is currently unprofitable.

Growing Profit Margin: BBQ is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BBQ is unprofitable, and losses have increased over the past 5 years at a rate of -37.6% per year.

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

Earnings vs Industry: BBQ is unprofitable, making it difficult to compare its past year earnings growth to the Specialty Retail industry (31.9%).


Return on Equity

High ROE: BBQ has a negative Return on Equity (-90.58%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Beter Bed Holding's financial position?


Financial Position Analysis

Short Term Liabilities: BBQ's short term assets (€164.6M) do not cover its short term liabilities (€188.3M).

Long Term Liabilities: BBQ's short term assets (€164.6M) exceed its long term liabilities (€30.9M).


Debt to Equity History and Analysis

Debt Level: BBQ's debt to equity ratio (144.1%) is considered high.

Reducing Debt: BBQ's debt to equity ratio has increased from 3.8% to 144.1% over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: BBQ's debt is covered by short term assets (assets are 4.8x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: BBQ has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: BBQ has been profitable on average in the past, therefore cash runway is not a concern.


Next Steps

Dividend

What is Beter Bed Holding's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%1.3%markettop25%3.6%industryaverage3.2%forecastin3Years0%

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BBQ'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?

1.1yrs

Average board tenure


CEO

John Kruijssen (54yo)

1.8yrs

Tenure

€781,000

Compensation

Mr. A.J.G.P.M. Kruijssen, also known as John, has been the CEO and Member of Management Board at Beter Bed Holding NV since April 1, 2018. In addition to completing a course of study in Small Business & Re ...


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD848.36K) is above average for companies of similar size in the German market ($USD413.13K).

Compensation vs Earnings: Insufficient data to compare John's compensation with company performance.


Board Members

NamePositionTenureCompensationOwnership
Pieter Boone
Vice Chairman of Supervisory Board1.1yrs€2.50kno data
Bart Karis
Chairman of Supervisory Board1.1yrs€2.50kno data
Alain Beyens
Member of Supervisory Board1.2yrs€2.50kno data
H.C.M. Vermeulen
Member of Supervisory Board1.8yrs€17.00kno data

1.1yrs

Average Tenure

57yo

Average Age

Experienced Board: BBQ's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.


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

Beter Bed Holding N.V.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Beter Bed Holding N.V.
  • Ticker: BBQ
  • Exchange: DB
  • Founded: 1981
  • Industry: Homefurnishing Retail
  • Sector: Retail
  • Market Cap: €54.117m
  • Shares outstanding: 24.11m
  • Website: https://www.beterbedholding.com

Number of Employees


Location

  • Beter Bed Holding N.V.
  • Linie 27 (7689)
  • Uden
  • Noord-Brabant
  • 5405 AR
  • Netherlands

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BBEDENXTAM (Euronext Amsterdam)YesOrdinary SharesNLEURDec 1996
BBQDB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 1996
0DQKLSE (London Stock Exchange)YesOrdinary SharesGBEURDec 1996
BBEDABATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURDec 1996
BBED.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDDec 1996

Biography

Beter Bed Holding N.V. operates as a retail- and wholesale organization in the bedroom furnishing sector. It offers mattresses; bedroom furnishings, including box springs; bed bases; and bed textiles to consumers through its retail stores and Web shops, as well as provides home delivery services. As of December 31, 2018, the company operated 1,009 stores under the Beter Bed, Matratzen Concord, Beddenreus, Sängjätten, and El Gigante del Colchón names. It is also involved in the development and wholesale of a range of products, including a range of sleeping systems under the M line and Wave through an international dealer network, Websites, and B2B channels. The company operates in the Netherlands, Germany, Switzerland, Austria, Belgium, and Sweden. Beter Bed Holding N.V. was founded in 1981 and is based in Uden, the Netherlands. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/22 21:46
End of Day Share Price2020/02/21 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.