Baccarat S.A. manufactures and sells crystal articles in France and internationally.
Excellent balance sheet with questionable track record.
Share Price & News
How has Baccarat's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BCRA has not had significant price volatility in the past 3 months.
7 Day Return
FR Consumer Durables
1 Year Return
FR Consumer Durables
Return vs Industry: BCRA exceeded the French Consumer Durables industry which returned -18.4% over the past year.
Return vs Market: BCRA exceeded the French Market which returned -9.4% over the past year.
Price Volatility Vs. Market
How volatile is Baccarat's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall StRead This Before Judging Baccarat S.A.'s (EPA:BCRA) ROE
1 year ago | Simply Wall StWhy Baccarat SA (EPA:BCRA) May Not Be As Efficient As Its Industry
1 year ago | Simply Wall StHow Financially Strong Is Baccarat SA (EPA:BCRA)?
Is Baccarat undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BCRA (€198) is trading above our estimate of fair value (€72.83)
Significantly Below Fair Value: BCRA is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BCRA is poor value based on its PE Ratio (47.8x) compared to the Consumer Durables industry average (13.7x).
PE vs Market: BCRA is poor value based on its PE Ratio (47.8x) compared to the French market (14.6x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BCRA's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BCRA is overvalued based on its PB Ratio (2.9x) compared to the FR Consumer Durables industry average (2.4x).
How is Baccarat forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Consumer Durables industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Baccarat has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine Baccarat's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Baccarat competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Durables industry.
How has Baccarat performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BCRA has high quality earnings.
Growing Profit Margin: BCRA's current net profit margins (2.2%) are lower than last year (3.8%).
Past Earnings Growth Analysis
Earnings Trend: BCRA has become profitable over the past 5 years, growing earnings by 66.9% per year.
Accelerating Growth: BCRA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BCRA had negative earnings growth (-39%) over the past year, making it difficult to compare to the Consumer Durables industry average (-1.9%).
Return on Equity
High ROE: BCRA's Return on Equity (6.1%) is considered low.
How is Baccarat's financial position?
Financial Position Analysis
Short Term Liabilities: BCRA's short term assets (€106.1M) exceed its short term liabilities (€67.2M).
Long Term Liabilities: BCRA's short term assets (€106.1M) exceed its long term liabilities (€50.6M).
Debt to Equity History and Analysis
Debt Level: BCRA's debt to equity ratio (51.1%) is considered high.
Reducing Debt: BCRA's debt to equity ratio has reduced from 70.7% to 51.1% over the past 5 years.
Debt Coverage: BCRA's debt is well covered by operating cash flow (34.6%).
Interest Coverage: BCRA's interest payments on its debt are well covered by EBIT (5.1x coverage).
What is Baccarat's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate BCRA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate BCRA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if BCRA's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if BCRA'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 BCRA's dividend in 3 years as they are not forecast to pay a notable one for the French market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Daniela Riccardi (59yo)
Ms. Daniela Riccardi has been Director of Kering SA since May 2014. Ms. Riccardi been the Chief Executive Officer at Baccarat S.A. since June 3, 2013. Ms. Riccardi joined Baccarat in May 2013. She served a ...
CEO Compensation Analysis
Compensation vs Market: Daniela's total compensation ($USD5.89M) is above average for companies of similar size in the French market ($USD439.51K).
Compensation vs Earnings: Daniela's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|President of the Board||1.92yrs||no data||no data|
|Director||1.92yrs||no data||no data|
|Independent Director||1.92yrs||no data||no data|
|Director||1.92yrs||no data||no data|
Experienced Board: BCRA's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Baccarat S.A.'s company bio, employee growth, exchange listings and data sources
- Name: Baccarat S.A.
- Ticker: BCRA
- Exchange: ENXTPA
- Founded: 1764
- Industry: Housewares and Specialties
- Sector: Consumer Durables
- Market Cap: €164.481m
- Shares outstanding: 830.71k
- Website: https://www.baccarat.fr
Number of Employees
- Baccarat S.A.
- 11, Place des Etats-Unis
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|BCRA||ENXTPA (Euronext Paris)||Yes||Common Shares||FR||EUR||Jan 1992|
|0I0C||LSE (London Stock Exchange)||Yes||Common Shares||GB||EUR||Jan 1992|
|BCRAP||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Common Shares||GB||EUR||Jan 1992|
Baccarat S.A. manufactures and sells crystal articles in France and internationally. The company's tableware products include wine and water glasses, champagne flutes and coupes, decanters, pitchers, gift sets, and table accessories; and barware products comprise highballs, tumblers, wine tasting and cocktail glasses, and whiskey decanters and accessories. It also provides vases, bowls, exceptional pieces, decorative objects, candelabras, candleholders, votives, desk accessories, and trophies; and lightning products, including chandeliers, ceiling units, sconces, and floor lamps, as well as table and desk lamps, and accessories. In addition, the company offers rings, necklaces, pendants, earrings, bracelets, scarves, shawls, perfumes, and jewelry accessories. It sells its products through company-owned stores. Baccarat S.A. was founded in 1764 and is headquartered in Paris, France.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/28 20:38|
|End of Day Share Price||2020/04/28 00:00|
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.