BME:BDL

Stock Analysis Report

Executive Summary

Barón de Ley, S.A. engages in the production, ageing, and sale of wines.


Snowflake Analysis

Flawless balance sheet with proven track record.

Share Price & News

How has Barón de Ley's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

7.2%

BDL

-3.4%

ES Beverage

-5.1%

ES Market


1 Year Return

-11.5%

BDL

-30.9%

ES Beverage

-28.6%

ES Market

Return vs Industry: BDL exceeded the Spanish Beverage industry which returned -30% over the past year.

Return vs Market: BDL exceeded the Spanish Market which returned -27.7% over the past year.


Shareholder returns

BDLIndustryMarket
7 Day7.2%-3.4%-5.1%
30 Day-8.5%-18.9%-23.6%
90 Day-11.5%-30.9%-29.7%
1 Year-11.5%-11.5%-29.4%-30.9%-26.0%-28.6%
3 Year-11.2%-11.2%-23.9%-28.6%-28.2%-34.9%
5 Year7.5%7.5%-21.9%-30.1%-30.2%-41.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Barón de Ley undervalued compared to its fair value and its price relative to the market?

14.23x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BDL (€96.5) is trading above our estimate of fair value (€63.87)

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


Price To Earnings Ratio

PE vs Industry: BDL is good value based on its PE Ratio (14.2x) compared to the Beverage industry average (16.6x).

PE vs Market: BDL is poor value based on its PE Ratio (14.2x) compared to the Spanish market (13.8x).


Price to Earnings Growth Ratio

PEG Ratio: BDL's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: BDL is good value based on its PB Ratio (1.3x) compared to the XE Beverage industry average (1.8x).


Next Steps

Future Growth

How is Barón de Ley forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-5.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BDL's earnings are forecast to decline over the next 3 years (-5.3% per year).

Earnings vs Market: BDL's earnings are forecast to decline over the next 3 years (-5.3% per year).

High Growth Earnings: BDL's earnings are forecast to decline over the next 3 years.

Revenue vs Market: BDL's revenue (2.3% per year) is forecast to grow slower than the Spanish market (4% per year).

High Growth Revenue: BDL's revenue (2.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BDL's Return on Equity is forecast to be low in 3 years time (6.7%).


Next Steps

Past Performance

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

-4.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BDL has high quality earnings.

Growing Profit Margin: BDL's current net profit margins (27.4%) are higher than last year (23.4%).


Past Earnings Growth Analysis

Earnings Trend: BDL's earnings have declined by -4.5% per year over the past 5 years.

Accelerating Growth: BDL's earnings growth over the past year (20.8%) exceeds its 5-year average (-4.5% per year).

Earnings vs Industry: BDL earnings growth over the past year (20.8%) exceeded the Beverage industry 3.3%.


Return on Equity

High ROE: BDL's Return on Equity (9.4%) is considered low.


Next Steps

Financial Health

How is Barón de Ley's financial position?


Financial Position Analysis

Short Term Liabilities: BDL's short term assets (€224.0M) exceed its short term liabilities (€51.5M).

Long Term Liabilities: BDL's short term assets (€224.0M) exceed its long term liabilities (€3.7M).


Debt to Equity History and Analysis

Debt Level: BDL's debt to equity ratio (1.6%) is considered satisfactory.

Reducing Debt: BDL's debt to equity ratio has reduced from 32.8% to 1.6% over the past 5 years.

Debt Coverage: BDL's debt is well covered by operating cash flow (314.2%).

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


Balance Sheet

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

Debt Coverage by Assets: BDL's debt is covered by short term assets (assets are 47x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

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


Next Steps

Management

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

€925k

CEO Compensation


CEO

Eduardo Santos-Ruíz Díaz (74yo)

no data

Tenure

€925,000

Compensation

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


CEO Compensation Analysis

Compensation vs Market: Eduardo's total compensation ($USD1.02M) is above average for companies of similar size in the Spanish market ($USD482.23K).

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


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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Barón de Ley, S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Barón de Ley, S.A.
  • Ticker: BDL
  • Exchange: BME
  • Founded: 1985
  • Industry: Distillers and Vintners
  • Sector: Food, Beverage & Tobacco
  • Market Cap: €390.420m
  • Shares outstanding: 4.05m
  • Website: https://www.barondeley.com

Number of Employees


Location

  • Barón de Ley, S.A.
  • Carretera Mendavia-Lodosa Km. 5,5
  • Mendavia
  • Navarre
  • 31587
  • Spain

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BDLBME (Bolsas y Mercados Espanoles)YesRegistered SharesESEURJul 1997
0DPWLSE (London Stock Exchange)YesRegistered SharesGBEURJul 1997
BDLEBATS-CHIXE (BATS 'Chi-X Europe')YesRegistered SharesGBEURJul 1997
LEYDB (Deutsche Boerse AG)YesRegistered SharesDEEURJul 1997

Biography

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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/02 21:00
End of Day Share Price2020/04/02 00:00
Earnings2019/12/31
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.