XTRA:BSL

Stock Analysis Report

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Executive Summary

Basler Aktiengesellschaft develops, manufactures, and sells digital cameras for professional users in Germany, Europe, the Middle East, Africa, the Americas, and Asia. More Details


Snowflake Analysis

Solid track record with excellent balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-5.1%

BSL

-3.4%

DE Electronic

-4.1%

DE Market


1 Year Return

22.7%

BSL

6.5%

DE Electronic

4.2%

DE Market

Return vs Industry: BSL exceeded the German Electronic industry which returned 6.5% over the past year.

Return vs Market: BSL exceeded the German Market which returned 4.2% over the past year.


Shareholder returns

BSLIndustryMarket
7 Day-5.1%-3.4%-4.1%
30 Day-12.5%-5.1%-2.9%
90 Day-9.1%-0.08%2.7%
1 Year23.4%22.7%9.4%6.5%6.7%4.2%
3 Year-9.9%-12.2%-6.9%-11.3%1.9%-6.4%
5 Year273.8%257.6%101.3%86.8%32.5%14.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

29.42x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BSL (€51.8) is trading above our estimate of fair value (€25.96)

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


Price To Earnings Ratio

PE vs Industry: BSL is good value based on its PE Ratio (29.4x) compared to the DE Electronic industry average (30.1x).

PE vs Market: BSL is poor value based on its PE Ratio (29.4x) compared to the German market (21.6x).


Price to Earnings Growth Ratio

PEG Ratio: BSL is poor value based on its PEG Ratio (1.4x)


Price to Book Ratio

PB vs Industry: BSL is overvalued based on its PB Ratio (4.7x) compared to the DE Electronic industry average (1.8x).


Next Steps

Future Growth

How is Basler forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

20.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BSL's forecast earnings growth (20.8% per year) is above the savings rate (0.2%).

Earnings vs Market: BSL's earnings (20.8% per year) are forecast to grow slower than the German market (27.6% per year).

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

Revenue vs Market: BSL's revenue (13.1% per year) is forecast to grow faster than the German market (6.1% per year).

High Growth Revenue: BSL's revenue (13.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BSL's Return on Equity is forecast to be low in 3 years time (15%).


Next Steps

Past Performance

How has Basler performed over the past 5 years?

14.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BSL has high quality earnings.

Growing Profit Margin: BSL's current net profit margins (10.5%) are higher than last year (4.9%).


Past Earnings Growth Analysis

Earnings Trend: BSL's earnings have grown by 14.1% per year over the past 5 years.

Accelerating Growth: BSL's earnings growth over the past year (144.4%) exceeds its 5-year average (14.1% per year).

Earnings vs Industry: BSL earnings growth over the past year (144.4%) exceeded the Electronic industry -42.2%.


Return on Equity

High ROE: BSL's Return on Equity (16.2%) is considered low.


Next Steps

Financial Health

How is Basler's financial position?


Financial Position Analysis

Short Term Liabilities: BSL's short term assets (€94.1M) exceed its short term liabilities (€34.2M).

Long Term Liabilities: BSL's short term assets (€94.1M) exceed its long term liabilities (€43.6M).


Debt to Equity History and Analysis

Debt Level: BSL's debt to equity ratio (22.9%) is considered satisfactory.

Reducing Debt: BSL's debt to equity ratio has increased from 21.5% to 22.9% over the past 5 years.

Debt Coverage: BSL's debt is well covered by operating cash flow (130.9%).

Interest Coverage: BSL's interest payments on its debt are well covered by EBIT (27.6x coverage).


Balance Sheet


Next Steps

Dividend

What is Basler current dividend yield, its reliability and sustainability?

0.50%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BSL's dividend (0.5%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.19%).

High Dividend: BSL's dividend (0.5%) is low compared to the top 25% of dividend payers in the German market (3.71%).


Stability and Growth of Payments

Stable Dividend: BSL is not paying a notable dividend for the German market, therefore no need to check if payments are stable.

Growing Dividend: BSL is not paying a notable dividend for the German market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

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


Future Payout to Shareholders

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

15.7yrs

Average management tenure


CEO

Dietmar Ley (56 yo)

20.58yrs

Tenure

€544,000

Compensation

Dr. Ing. Dietmar Ley has been the Chief Executive Officer of Basler Aktiengesellschaft since February 2000 and serves as its Chairman of the Management Board. Dr. Ing. Ley served as Chairman of Management ...


CEO Compensation Analysis

Compensation vs Market: Dietmar's total compensation ($USD635.51K) is below average for companies of similar size in the German market ($USD1.32M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Norbert Basler
Founder & Chairman of the Supervisory Board17.67yrs€51.80kno data
Dietmar Ley
Chairman of the Management Board & CEO20.58yrs€544.00k3.77%
€ 19.5m
Hardy Mehl
CFO, COO & Member of Management Boardno data€438.00k0.046%
€ 238.3k
John Jennings
Chief Commercial Officer & Member of Management Board15.67yrs€526.00k0.13%
€ 699.3k
Arndt Bake
Chief Marketing Officer & Member of Management Board9.67yrs€383.00k0.016%
€ 85.5k
Anke Wubbelmann
Head of Communications11.67yrsno datano data
Sabine Knuppel
Director of Human Resources & Organizationno datano datano data
Carsten Ohrt
Head of Manufacturingno datano datano data
Anja Sievers-Sack
Head of Vocational Education & HR Marketingno datano datano data
Andy Rowe
Head of Finance - UKno datano datano data
Yoon Foo Chong
Managing Director of Basler Asia21.17yrsno datano data

15.7yrs

Average Tenure

56yo

Average Age

Experienced Management: BSL's management team is seasoned and experienced (15.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Norbert Basler
Founder & Chairman of the Supervisory Board17.67yrs€51.80kno data
Eckart Kottkamp
Vice Chairman of the Supervisory Boardno data€26.60kno data
Dorothea Brandes
Employees Representative Member of the Supervisory Board2.33yrsno datano data
Horst Garbrecht
Member of Supervisory Board5.33yrs€16.10kno data
Mirja Steinkamp
Independent Member of Supervisory Board3.42yrs€24.50kno data
Marco Grimm
Employee Representative Member of the Supervisory Board2.33yrsno datano data

3.4yrs

Average Tenure

57yo

Average Age

Experienced Board: BSL's board of directors are considered experienced (3.4 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.


Ownership Breakdown

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


Top Shareholders

Company Information

Basler Aktiengesellschaft's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Basler Aktiengesellschaft
  • Ticker: BSL
  • Exchange: XTRA
  • Founded: 1988
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: €518.273m
  • Shares outstanding: 10.01m
  • Website: https://www.baslerweb.com

Number of Employees


Location

  • Basler Aktiengesellschaft
  • An der Strusbek 60-62
  • Ahrensburg
  • Schleswig-Holstein
  • 22926
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BSLDB (Deutsche Boerse AG)YesBearer SharesDEEURMar 1999
BSLXTRA (XETRA Trading Platform)YesBearer SharesDEEURMar 1999
0DUILSE (London Stock Exchange)YesBearer SharesGBEURMar 1999
BSLSWX (SIX Swiss Exchange)YesBearer SharesCHCHFMar 1999
BSLdBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEURMar 1999

Biography

Basler Aktiengesellschaft develops, manufactures, and sells digital cameras for professional users in Germany, Europe, the Middle East, Africa, the Americas, and Asia. The company offers area scan, line sc ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/24 03:57
End of Day Share Price2020/09/23 00:00
Earnings2020/06/30
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.