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Barón de Ley

BME:BDL
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BDL
BME
€425M
Market Cap
  1. Home
  2. ES
  3. Food, Beverage & Tobacco
Company description

Barón de Ley, S.A. engages in the production, ageing, and sale of wines. The last earnings update was 55 days ago. More info.


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BDL Share Price and Events
7 Day Returns
0%
BME:BDL
1.2%
Europe Beverage
0.4%
ES Market
1 Year Returns
-7.1%
BME:BDL
9.3%
Europe Beverage
-2.4%
ES Market
BDL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Barón de Ley (BDL) 0% -3.7% -3.7% -7.1% 2% 40%
Europe Beverage 1.2% 5.5% 18.3% 9.3% 5.7% 37.6%
ES Market 0.4% 3% 4.5% -2.4% 5.4% -11.2%
1 Year Return vs Industry and Market
  • BDL underperformed the Beverage industry which returned 9.3% over the past year.
  • BDL underperformed the Market in Spain which returned -2.4% over the past year.
Price Volatility
BDL
Industry
5yr Volatility vs Market
Related Companies

BDL Value

 Is Barón de Ley undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Barón de Ley to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Barón de Ley.

BME:BDL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.1%
Perpetual Growth Rate 10-Year ES Government Bond Rate 1.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BME:BDL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year ES Govt Bond Rate 1.5%
Equity Risk Premium S&P Global 8.2%
Beverage Unlevered Beta Simply Wall St/ S&P Global 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.605 (1 + (1- 25%) (2.67%))
0.743
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.53% + (0.8 * 8.18%)
8.07%

Discounted Cash Flow Calculation for BME:BDL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Barón de Ley is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BME:BDL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 8.07%)
2019 14.95 Analyst x2 13.83
2020 18.35 Analyst x2 15.71
2021 18.00 Analyst x1 14.26
2022 17.84 Est @ -0.89% 13.08
2023 17.81 Est @ -0.17% 12.08
2024 17.87 Est @ 0.34% 11.22
2025 18.00 Est @ 0.7% 10.45
2026 18.17 Est @ 0.95% 9.76
2027 18.37 Est @ 1.12% 9.14
2028 18.60 Est @ 1.24% 8.56
Present value of next 10 years cash flows €118.10
BME:BDL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €18.60 × (1 + 1.53%) ÷ (8.07% – 1.53%)
€288.52
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €288.52 ÷ (1 + 8.07%)10
€132.78
BME:BDL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €118.10 + €132.78
€250.87
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €250.87 / 4.05
€62.01
BME:BDL Discount to Share Price
Calculation Result
Value per share (EUR) From above. €62.01
Current discount Discount to share price of €105.00
= -1 x (€105.00 - €62.01) / €62.01
-69.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Barón de Ley is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Barón de Ley's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Barón de Ley's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BME:BDL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €5.56
BME:BDL Share Price ** BME (2019-04-24) in EUR €105
Europe Beverage Industry PE Ratio Median Figure of 50 Publicly-Listed Beverage Companies 23.31x
Spain Market PE Ratio Median Figure of 132 Publicly-Listed Companies 17.95x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Barón de Ley.

BME:BDL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BME:BDL Share Price ÷ EPS (both in EUR)

= 105 ÷ 5.56

18.88x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Barón de Ley is good value based on earnings compared to the Europe Beverage industry average.
  • Barón de Ley is overvalued based on earnings compared to the Spain market.
Price based on expected Growth
Does Barón de Ley's expected growth come at a high price?
Raw Data
BME:BDL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.88x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
8.3%per year
Europe Beverage Industry PEG Ratio Median Figure of 30 Publicly-Listed Beverage Companies 2.36x
Spain Market PEG Ratio Median Figure of 75 Publicly-Listed Companies 1.31x

*Line of best fit is calculated by linear regression .

BME:BDL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 18.88x ÷ 8.3%

2.26x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Barón de Ley is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Barón de Ley's assets?
Raw Data
BME:BDL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €65.39
BME:BDL Share Price * BME (2019-04-24) in EUR €105
Europe Beverage Industry PB Ratio Median Figure of 57 Publicly-Listed Beverage Companies 2.16x
Spain Market PB Ratio Median Figure of 180 Publicly-Listed Companies 1.82x
BME:BDL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BME:BDL Share Price ÷ Book Value per Share (both in EUR)

= 105 ÷ 65.39

1.61x

* Primary Listing of Barón de Ley.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Barón de Ley is good value based on assets compared to the Europe Beverage industry average.
X
Value checks
We assess Barón de Ley's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Beverage industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Beverage industry average (and greater than 0)? (1 check)
  5. Barón de Ley has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

BDL Future Performance

 How is Barón de Ley expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Barón de Ley expected to grow at an attractive rate?
  • Barón de Ley's earnings growth is expected to exceed the low risk savings rate of 1.5%.
Growth vs Market Checks
  • Barón de Ley's earnings growth is positive but not above the Spain market average.
  • Barón de Ley's revenue growth is positive but not above the Spain market average.
Annual Growth Rates Comparison
Raw Data
BME:BDL Future Growth Rates Data Sources
Data Point Source Value (per year)
BME:BDL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 8.3%
BME:BDL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 2.5%
Europe Beverage Industry Earnings Growth Rate Market Cap Weighted Average 12.1%
Europe Beverage Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
Spain Market Earnings Growth Rate Market Cap Weighted Average 9.8%
Spain Market Revenue Growth Rate Market Cap Weighted Average 5.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BME:BDL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BME:BDL Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 106 26 30 1
2020-12-31 102 24 26 2
2019-12-31 100 24 23 2
BME:BDL Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 98 18 23
2018-09-30 97 22
2018-06-30 98 16 21
2018-03-31 98 15
2017-12-31 96 16 19
2017-09-30 95 20
2017-06-30 95 23 21
2017-03-31 96 26
2016-12-31 96 25 29
2016-09-30 96 26
2016-06-30 97 28 26
2016-03-31 95 27

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Barón de Ley's earnings are expected to grow by 8.3% yearly, however this is not considered high growth (20% yearly).
  • Barón de Ley's revenue is expected to grow by 2.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BME:BDL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Barón de Ley Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BME:BDL Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 7.37 7.37 7.37 1.00
2020-12-31 6.27 6.74 5.80 2.00
2019-12-31 5.70 6.09 5.31 2.00
BME:BDL Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 5.56
2018-09-30
2018-06-30 5.04
2018-03-31
2017-12-31 4.45
2017-09-30
2017-06-30 5.06
2017-03-31
2016-12-31 6.64
2016-09-30
2016-06-30 6.06
2016-03-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Barón de Ley is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Barón de Ley's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Barón de Ley has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

BDL Past Performance

  How has Barón de Ley performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Barón de Ley's growth in the last year to its industry (Beverage).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Barón de Ley's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Barón de Ley's 1-year earnings growth exceeds its 5-year average (22.7% vs -2.2%)
  • Barón de Ley's earnings growth has exceeded the Europe Beverage industry average in the past year (22.7% vs 7%).
Earnings and Revenue History
Barón de Ley's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Barón de Ley Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BME:BDL Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 97.68 22.72 13.04
2018-09-30 97.40 22.27 12.38
2018-06-30 97.78 20.69 12.48
2018-03-31 97.72 15.41 12.38
2017-12-31 95.66 18.51 12.38
2017-09-30 94.84 20.06 12.29
2017-06-30 94.57 21.50 12.26
2017-03-31 95.96 25.85 12.29
2016-12-31 96.41 28.54 12.29
2016-09-30 96.29 26.34 12.36
2016-06-30 96.94 26.07 12.34
2016-03-31 94.93 27.36 12.36
2015-12-31 93.77 23.47 12.36
2015-09-30 90.30 30.48 12.98
2015-06-30 89.02 29.55 12.87
2015-03-31 88.56 29.22 12.98
2014-12-31 88.02 27.67 12.98
2014-09-30 87.51 21.15 13.14
2014-06-30 85.46 20.07 13.26
2014-03-31 84.31 18.77 13.14
2013-12-31 83.44 18.53 13.14
2013-09-30 83.72 17.82 12.29
2013-06-30 83.84 18.08 12.30
2013-03-31 82.79 18.81 12.29
2012-12-31 81.75 18.35 12.29
2012-09-30 82.58 11.84 13.23
2012-06-30 82.65 12.18 13.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Barón de Ley has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Barón de Ley used its assets more efficiently than the Europe Beverage industry average last year based on Return on Assets.
  • Barón de Ley has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Barón de Ley's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Beverage industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Barón de Ley has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

BDL Health

 How is Barón de Ley's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Barón de Ley's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Barón de Ley is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Barón de Ley's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Barón de Ley's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 18.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Barón de Ley Company Filings, last reported 3 months ago.

BME:BDL Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 264.55 11.33 79.89
2018-09-30 257.56 22.32 96.96
2018-06-30 257.56 22.32 96.96
2018-03-31 249.79 15.62 106.76
2017-12-31 249.79 15.62 106.76
2017-09-30 243.66 4.47 104.97
2017-06-30 243.66 4.47 104.97
2017-03-31 248.47 14.79 23.52
2016-12-31 248.47 14.79 23.52
2016-09-30 238.38 7.20 18.62
2016-06-30 238.38 7.20 18.62
2016-03-31 227.44 29.72 0.86
2015-12-31 227.44 29.72 0.86
2015-09-30 218.20 28.99 4.28
2015-06-30 218.20 28.99 4.28
2015-03-31 205.49 67.33 38.15
2014-12-31 205.49 67.33 38.15
2014-09-30 198.22 99.89 44.84
2014-06-30 198.22 99.89 44.84
2014-03-31 202.01 117.86 106.52
2013-12-31 204.62 117.86 109.02
2013-09-30 193.16 99.08 52.15
2013-06-30 193.16 99.08 52.15
2013-03-31 192.21 99.82 35.80
2012-12-31 192.21 99.82 35.80
2012-09-30 183.82 63.61 104.06
2012-06-30 183.82 63.61 104.06
  • Barón de Ley's level of debt (4.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (57.6% vs 4.3% today).
  • Debt is well covered by operating cash flow (157.2%, greater than 20% of total debt).
  • Barón de Ley earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Barón de Ley's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Barón de Ley has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

BDL Dividends

 What is Barón de Ley's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Barón de Ley dividends.
If you bought €2,000 of Barón de Ley shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Barón de Ley's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Barón de Ley's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BME:BDL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Europe Beverage Industry Average Dividend Yield Market Cap Weighted Average of 44 Stocks 2%
Spain Market Average Dividend Yield Market Cap Weighted Average of 76 Stocks 4.3%
Spain Minimum Threshold Dividend Yield 10th Percentile 1.1%
Spain Bottom 25% Dividend Yield 25th Percentile 1.9%
Spain Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BME:BDL Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Barón de Ley has not reported any payouts.
  • Unable to verify if Barón de Ley's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Barón de Ley's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Barón de Ley has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Barón de Ley's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Barón de Ley afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Barón de Ley has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

BDL Management

 What is the CEO of Barón de Ley's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Eduardo Santos-Ruíz Díaz
COMPENSATION €850,000
AGE 73
CEO Bio

Mr. Eduardo Santos-Ruíz Díaz serves as the Chairman and Managing Director of Baron De Ley SA.

CEO Compensation
  • Eduardo's compensation has been consistent with company performance over the past year.
  • Eduardo's remuneration is higher than average for companies of similar size in Spain.
Management Team

Eduardo Santos-Ruíz Díaz

TITLE
Chairman & MD
COMPENSATION
€850K
AGE
73

Julio Noaín Saínz

TITLE
Controller & Director
COMPENSATION
€110K

Víctor Fuentes Artola

TITLE
Manager
COMPENSATION
€144K

José Antonio Fraile Sáenz-López

TITLE
Executive Officer of Administration Department

Jesús María Elejalde Cuadra

TITLE
Secretary
COMPENSATION
€10K

Jaime Echávarri Olavarría

TITLE
General Manager of International Area of The Group
COMPENSATION
€174K

Pedro de las Heras Yanguas

TITLE
Executive Officer of Accounting Department-Administrative Area

Tomás Ruiz

TITLE
Executive Officer of Purchases Department-Administrative Area

Héctor Pérez-Alfaro

TITLE
Executive Officer of Commercial Department

Luís Lanzos

TITLE
Executive Officer of Laboratory-Technical Area
Board of Directors

Eduardo Santos-Ruíz Díaz

TITLE
Chairman & MD
COMPENSATION
€850K
AGE
73

Julio Noaín Saínz

TITLE
Controller & Director
COMPENSATION
€110K

Víctor Fuentes Artola

TITLE
Manager
COMPENSATION
€144K

Valentín Cuervo Montero

TITLE
Director
COMPENSATION
€3K

Joaquin Díez Martín

TITLE
Independent Director
COMPENSATION
€12K

Francisco de Asís Royo-Villanova Payá

TITLE
Director
COMPENSATION
€12K

Manuel Madrigal

TITLE
Director

María García-Morales

TITLE
Director
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Barón de Ley insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
12. Mar 19 Buy Eduardo Santos-Ruíz Díaz Individual 08. Mar 19 08. Mar 19 17,966 €109.00 €1,958,294
20. Mar 19 Buy Eduardo Santos-Ruíz Díaz Individual 14. Mar 19 18. Mar 19 485,867 €109.00 €52,959,431
07. Mar 19 Buy Eduardo Santos-Ruíz Díaz Individual 01. Mar 19 05. Mar 19 8,919 €109.76 €976,979
04. Mar 19 Buy Eduardo Santos-Ruíz Díaz Individual 26. Feb 19 28. Feb 19 20,088 €109.00 €2,188,697
07. Feb 19 Buy Eduardo Santos-Ruíz Díaz Individual 01. Feb 19 05. Feb 19 3,400 €109.73 €371,390
26. Feb 19 Buy Eduardo Santos-Ruíz Díaz Individual 21. Feb 19 25. Feb 19 2,486 €109.00 €270,969
15. Feb 19 Buy Eduardo Santos-Ruíz Díaz Individual 11. Feb 19 11. Feb 19 2,520 €109.00 €274,680
11. Feb 19 Buy Eduardo Santos-Ruíz Díaz Individual 06. Feb 19 07. Feb 19 1,221 €109.21 €133,116
01. Feb 19 Buy Eduardo Santos-Ruíz Díaz Individual 29. Jan 19 31. Jan 19 47,445 €109.00 €5,159,997
30. Jan 19 Buy Eduardo Santos-Ruíz Díaz Individual 24. Jan 19 28. Jan 19 25,780 €109.00 €2,809,886
25. Jan 19 Buy Eduardo Santos-Ruíz Díaz Individual 21. Jan 19 23. Jan 19 1,224 €109.00 €133,222
22. Jan 19 Buy Eduardo Santos-Ruíz Díaz Individual 16. Jan 19 18. Jan 19 7,333 €109.44 €802,222
18. Jan 19 Buy Eduardo Santos-Ruíz Díaz Individual 11. Jan 19 15. Jan 19 10,245 €109.79 €1,117,100
11. Jan 19 Buy Eduardo Santos-Ruíz Díaz Individual 08. Jan 19 10. Jan 19 5,538 €109.09 €603,634
10. Jan 19 Buy Eduardo Santos-Ruíz Díaz Individual 03. Jan 19 07. Jan 19 888 €109.00 €96,572
08. Jan 19 Buy Eduardo Santos-Ruíz Díaz Individual 27. Dec 18 02. Jan 19 707 €109.87 €77,409
03. Jan 19 Buy Eduardo Santos-Ruíz Díaz Individual 20. Dec 18 24. Dec 18 1,356 €109.09 €147,876
21. Dec 18 Buy Eduardo Santos-Ruíz Díaz Individual 14. Dec 18 19. Dec 18 3,616 €109.00 €392,776
20. Dec 18 Buy Eduardo Santos-Ruíz Díaz Individual 10. Dec 18 13. Dec 18 2,792 €109.12 €304,077
12. Dec 18 Buy Eduardo Santos-Ruíz Díaz Individual 04. Dec 18 07. Dec 18 376 €109.00 €40,924
04. Dec 18 Buy Eduardo Santos-Ruíz Díaz Individual 27. Nov 18 27. Nov 18 154,409 €109.00 €16,830,581
28. Nov 18 Buy Eduardo Santos-Ruíz Díaz Individual 22. Nov 18 26. Nov 18 660,628 €109.60 €72,336,861
27. Nov 18 Sell Julio Noaín Saínz Individual 20. Nov 18 20. Nov 18 -38,000 €109.00 €-4,142,000
23. Nov 18 Buy Eduardo Santos-Ruíz Díaz Individual 20. Nov 18 20. Nov 18 40,790 €109.00 €4,445,998
06. Aug 18 Sell Julio Noaín Saínz Individual 27. Jul 18 27. Jul 18 -5,000 €112.00 €-560,000
07. Jun 18 Buy Julio Noaín Saínz Individual 01. Jun 18 04. Jun 18 300 €106.50 €31,855
X
Management checks
We assess Barón de Ley's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Barón de Ley has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

BDL News

Simply Wall St News

With A Return On Equity Of 8.6%, Has Barón de Ley SA's (BME:BDL) Management Done Well?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Another way to think of that is that for every €1 worth of equity in the company, it was able to earn €0.086. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Barón de Ley SA (BME:BDL): What Are Investors Earning On Their Capital?

and looking to gauge the potential return on investment in Barón de Ley SA (BME:BDL). … Therefore, looking at how efficiently Barón de Ley is able to use capital to create earnings will help us understand your potential return. … Barón de Ley's Return On Capital Employed

Simply Wall St -

What’s Ahead For Barón de Ley SA (BME:BDL)?

which has been a consistent performer over time due to its robust consumer demand throughout economic cycles … However, changing demographics and purchasing behaviours make it critical for beverage companies to understand and capitalize on key consumer insights that identify growing trends … Producers must look at ways to sustainably grow their profits, invest in innovation, adapt to new ways of marketing the unique selling point of their drink offerings

Simply Wall St -

Why Are Insiders Cautious About Barón de Ley SA's (BME:BDL) Shares?

some insider selling over the past three months, with insiders divesting from. … It is widely considered that insider selling stock in their own companies is potentially a bearish signal. … A research published in The MIT Press (1998) concluded that stocks following insider selling fell 2.7% compared to the market

Simply Wall St -

Why Barón de Ley SA's (BME:BDL) Ownership Structure Is Important

In this article, I will take a quick look at Barón de Ley SA’s (BME:BDL) recent ownership structure – an unconventional investing subject, but an important one. … Ownership structure has been found to have an impact on shareholder returns in both short- and long-term. … BME:BDL Ownership Summary July 30th 18

Simply Wall St -

What You Must Know About Barón de Ley SA's (BME:BDL) 6.17% ROE

and want to learn about Return on Equity using a real-life example. … Barón de Ley SA’s (BME:BDL) most recent return on equity was a substandard 6.17% relative to its industry performance of 10.92% over the past year. … Knowing these components could change your view on BDL’s performance.

Simply Wall St -

Does Barón de Ley SA's (BME:BDL) Past Performance Indicate A Weaker Future?

Measuring Barón de Ley SA's (BME:BDL) track record of past performance is a valuable exercise for investors. … Today I will assess BDL's recent performance announced on 31 March 2018 and compare these figures to its historical trend and industry movements. … Was BDL weak performance lately part of a long-term decline.

Simply Wall St -

Is Barón de Ley SA's (BME:BDL) Growth Strong Enough To Justify Its June Share Price?

Barón de Ley SA (BME:BDL) closed yesterday at €112.5, which left some investors asking whether the high earnings potential can still be justified at this price. … Check out our latest analysis for Barón de Ley? … According to the analysts covering the company, the following few years should bring about good growth prospects for Barón de Ley

Simply Wall St -

What Do Expectations Tell Us About Barón de Ley SA's (BME:BDL) Margins In The Years Ahead?

As analysts project … Barón de Ley SA (BME:BDL) to … earnings growth of 45.52%

Simply Wall St -

Is Barón de Ley SA.'s (BME:BDL) Stock Available For A Good Price After Accounting For Growth?

Barón de Ley is available at price-to-earnings ratio of 29.08x, showing us it is overvalued based on current earnings compared to the beverage industry average of 24.42x , and overvalued compared to the ES market average ratio of 19.85x. … BME:BDL PE PEG Gauge May 25th 18 After looking at BDL's value based on current earnings, we can see it seems overvalued relative to other companies in the industry. … This tells us that when we include its growth in our analysis Barón de Ley's stock can be considered a bit overvalued , based on fundamental analysis.

Simply Wall St -

BDL Company Info

Description

Barón de Ley, S.A. engages in the production, ageing, and sale of wines. It also sells ancillary canned and cured pork products. The company offers its products and services in Spain, the European Union, the Organization for Economic Co-operation and Development member countries, and internationally. Barón de Ley, S.A. was incorporated in 1985 and is based in Mendavia, Spain.

Details
Name: Barón de Ley, S.A.
BDL
Exchange: BME
Founded: 1985
€424,805,010
4,045,762
Website: http://www.barondeley.com
Address: Barón de Ley, S.A.
Carretera Mendavia-Lodosa Km. 5,5,
Mendavia,
Navarre, 31587,
Spain
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BME BDL Registered Shares Bolsas y Mercados Espanoles ES EUR 17. Jul 1997
DB LEY Registered Shares Deutsche Boerse AG DE EUR 17. Jul 1997
LSE 0DPW Registered Shares London Stock Exchange GB EUR 17. Jul 1997
BATS-CHIXE BDLE Registered Shares BATS 'Chi-X Europe' GB EUR 17. Jul 1997
Number of employees
Current staff
Staff numbers
200
Barón de Ley employees.
Industry
Distillers and Vintners
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 20:50
End of day share price update: 2019/04/24 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/02/28
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.