ENXTPA:BALYO

Stock Analysis Report

Executive Summary

Balyo SA designs, develops, and markets material handling robots worldwide.

Rewards

Revenue is forecast to grow 35.87% per year

Risk Analysis

Has less than 1 year of cash runway

Currently unprofitable and not forecast to become profitable over the next 3 years

Highly volatile share price over past 3 months

Shareholders have been diluted in the past year

+ 1 more risk


Snowflake Analysis

Mediocre balance sheet with limited growth.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-4.2%

BALYO

3.7%

FR Machinery

1.5%

FR Market


1 Year Return

-55.1%

BALYO

19.0%

FR Machinery

24.1%

FR Market

Return vs Industry: BALYO underperformed the French Machinery industry which returned 13.7% over the past year.

Return vs Market: BALYO underperformed the French Market which returned 24.9% over the past year.


Shareholder returns

BALYOIndustryMarket
7 Day-4.2%3.7%1.5%
30 Day87.1%6.8%3.3%
90 Day-0.1%18.1%8.9%
1 Year-55.1%-55.1%32.4%19.0%28.5%24.1%
3 Yearn/a62.6%44.2%45.3%31.4%
5 Yearn/a52.8%34.6%65.3%41.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

3.47x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

PE vs Market: BALYO is unprofitable, so we can't compare its PE Ratio to the French market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BALYO's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BALYO is overvalued based on its PB Ratio (3.6x) compared to the FR Machinery industry average (1.7x).


Next Steps

Future Growth

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

56.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BALYO is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: BALYO is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: BALYO is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: BALYO's revenue (35.9% per year) is forecast to grow faster than the French market (4.7% per year).

High Growth Revenue: BALYO's revenue (35.9% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if BALYO's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Balyo performed over the past 5 years?

-22.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BALYO is currently unprofitable.

Growing Profit Margin: BALYO is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BALYO is unprofitable, and losses have increased over the past 5 years at a rate of -22.4% per year.

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

Earnings vs Industry: BALYO is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (-35.4%).


Return on Equity

High ROE: BALYO has a negative Return on Equity (-81.92%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Balyo's financial position?


Financial Position Analysis

Short Term Liabilities: BALYO's short term assets (€32.6M) exceed its short term liabilities (€21.6M).

Long Term Liabilities: BALYO's short term assets (€32.6M) exceed its long term liabilities (€5.0M).


Debt to Equity History and Analysis

Debt Level: BALYO's debt to equity ratio (12%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if BALYO's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: BALYO's debt is covered by short term assets (assets are 18.1x 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: BALYO has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: BALYO has less than a year of cash runway if free cash flow continues to reduce at historical rates of -37.7% each year


Next Steps

Dividend

What is Balyo's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%4.4%industryaverage11.0%forecastin3Years0%

Current dividend yield vs market & industry

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

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

Growing Dividend: Insufficient data to determine if BALYO'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 BALYO's dividend in 3 years as they are not forecast to pay a notable one for the French market.


Next Steps

Management

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

1.3yrs

Average management tenure


CEO

Pascal Rialland (43yo)

0yrs

Tenure

0

Mr. Pascal Rialland is Chief Executive Officer at Balyo SA since January 1, 2020. Mr. Rialland served as Chief Operating Officer of Balyo S.A. In 2015 until January 1, 2020 , Mr. Rialland was appointed Bal ...


Management Age and Tenure

1.3yrs

Average Tenure

Experienced Management: BALYO's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Insider Trading

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 been diluted in the past year, with total shares outstanding growing by 2.4%.


Management Team

  • Benoît de la Motte (53yo)

    Chief Financial Officer

    • Tenure: 0.3yrs
  • Alec Lafourcade-Jumenbo

    Chief Manufacturing Officer

    • Tenure: 1.3yrs
  • Pascal Rialland (43yo)

    Chief Executive Officer

    • Thomas Duval

      CSO & Co-founder

      • Tenure: 15yrs
    • Karim Mokaddem

      Chief Technology Officer


      Board Members

      • Xavier Deleplace

        Director

        • Fabien Bardinet

          Chairman

          • Christophe Lautray (57yo)

            Director

            • Corinne Jouanny

              Independent Director

              • Bénédicte Huot de Luze

                Independent Director

                • Suzanne Taylor

                  Director

                  Company Information

                  Balyo SA's company bio, employee growth, exchange listings and data sources


                  Key Information

                  • Name: Balyo SA
                  • Ticker: BALYO
                  • Exchange: ENXTPA
                  • Founded: 2005
                  • Industry: Industrial Machinery
                  • Sector: Capital Goods
                  • Market Cap: €51.810m
                  • Shares outstanding: 28.40m
                  • Website: https://www.balyo.com

                  Number of Employees


                  Location

                  • Balyo SA
                  • 3 rue Paul Mazy
                  • Ivry-sur-Seine
                  • Ile-de-France
                  • 94200
                  • France

                  Listings

                  TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
                  BALYOENXTPA (Euronext Paris)YesCommon StockFREURJun 2017
                  0RQFLSE (London Stock Exchange)YesCommon StockGBEURJun 2017
                  BALYOPBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBEURJun 2017
                  BYYL.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJun 2017
                  1BODB (Deutsche Boerse AG)YesCommon StockDEEURJun 2017

                  Biography

                  Balyo SA designs, develops, and markets material handling robots worldwide. The company’s products include robotic initial lift stackers and pallet trucks, counterbalanced stackers, tractors, tuggers, and reach and counterbalanced trucks. Its products are used in storage, supply and removal, loading and unloading, logistics train, stock line scanning, and barcode scanning applications. The company was founded in 2005 and is headquartered in Ivry-sur-Seine, France. 


                  Company Analysis and Financial Data Status

                  All financial data provided by Standard & Poor's Capital IQ.
                  DataLast Updated (UTC time)
                  Company Analysis2020/01/17 21:51
                  End of Day Share Price2020/01/17 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.