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BASS

BASSAC Société anonymeENXTPA:BASS Stock Report

Market Cap

€1.0b

7D

-1.2%

1Y

51.2%

Updated

25 Oct, 2021

Data

Company Financials +
BASS fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance5/6
Financial Health5/6
Dividends5/6

BASS Overview

BASSAC Société anonyme operates as a real estate development company primarily in France, Germany, and Spain.

BASSAC Société anonyme Competitors

Nexity

ENXTPA:NXI

€2.1b

Altareit

ENXTPA:AREIT

€1.2b

VINCI

ENXTPA:DG

€51.7b

Icade

ENXTPA:ICAD

€5.1b

Price History & Performance

Summary of all time highs, changes and price drops for BASSAC Société anonyme
Historical stock prices
Current Share Price€63.80
52 Week High€39.70
52 Week Low€78.00
Beta0.83
1 Month Change-8.86%
3 Month Change-3.33%
1 Year Change51.19%
3 Year Change55.61%
5 Year Change82.91%
Change since IPO191.99%

Recent News & Updates

Sep 19
We Think BASSAC Société anonyme (EPA:BASS) Can Stay On Top Of Its Debt

We Think BASSAC Société anonyme (EPA:BASS) Can Stay On Top Of Its Debt

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Aug 03
Estimating The Fair Value Of BASSAC Société anonyme (EPA:BASS)

Estimating The Fair Value Of BASSAC Société anonyme (EPA:BASS)

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of BASSAC Société anonyme...

Jun 18
Should You Be Adding BASSAC Société anonyme (EPA:BASS) To Your Watchlist Today?

Should You Be Adding BASSAC Société anonyme (EPA:BASS) To Your Watchlist Today?

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...

Shareholder Returns

BASSFR Real EstateFR Market
7D-1.2%-0.7%1.0%
1Y51.2%37.0%37.0%

Return vs Industry: BASS exceeded the French Real Estate industry which returned 36.4% over the past year.

Return vs Market: BASS exceeded the French Market which returned 35.2% over the past year.

Price Volatility

Is BASS's price volatile compared to industry and market?
BASS volatility
BASS Beta0.83
Industry Beta0.87
Market Beta1

Stable Share Price: BASS is not significantly more volatile than the rest of French stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: BASS's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1972797Moïse Mitterrandhttps://www.bassac.fr

BASSAC Société anonyme operates as a real estate development company primarily in France, Germany, and Spain. It offers residential houses and apartments, as well as prefabricated garages. The company was founded in 1972 and is based in Boulogne-Billancourt, France.

BASSAC Société anonyme Fundamentals Summary

How do BASSAC Société anonyme's earnings and revenue compare to its market cap?
BASS fundamental statistics
Market Cap€1.02b
Earnings (TTM)€112.80m
Revenue (TTM)€1.07b

9.1x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BASS income statement (TTM)
Revenue€1.07b
Cost of Revenue€829.81m
Gross Profit€239.39m
Expenses€126.59m
Earnings€112.80m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)7.03
Gross Margin22.39%
Net Profit Margin10.55%
Debt/Equity Ratio40.0%

How did BASS perform over the long term?

See historical performance and comparison

Dividends

3.9%

Current Dividend Yield

36%

Payout Ratio

Valuation

Is BASSAC Société anonyme undervalued compared to its fair value and its price relative to the market?

9.07x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BASS (€63.8) is trading above our estimate of fair value (€57.17)

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


Price To Earnings Ratio

PE vs Industry: BASS is good value based on its PE Ratio (9.1x) compared to the French Real Estate industry average (10.8x).

PE vs Market: BASS is good value based on its PE Ratio (9.1x) compared to the French market (19.5x).


Price to Earnings Growth Ratio

PEG Ratio: BASS is poor value based on its PEG Ratio (2x)


Price to Book Ratio

PB vs Industry: BASS is overvalued based on its PB Ratio (1.8x) compared to the FR Real Estate industry average (1x).


Future Growth

How is BASSAC Société anonyme forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

4.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BASS's forecast earnings growth (4.5% per year) is above the savings rate (0.3%).

Earnings vs Market: BASS's earnings (4.5% per year) are forecast to grow slower than the French market (12.3% per year).

High Growth Earnings: BASS's earnings are forecast to grow, but not significantly.

Revenue vs Market: BASS's revenue (2.1% per year) is forecast to grow slower than the French market (6.2% per year).

High Growth Revenue: BASS's revenue (2.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BASS's Return on Equity is forecast to be low in 3 years time (15.4%).


Past Performance

How has BASSAC Société anonyme performed over the past 5 years?

13.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BASS has high quality earnings.

Growing Profit Margin: BASS's current net profit margins (10.5%) are higher than last year (8.7%).


Past Earnings Growth Analysis

Earnings Trend: BASS's earnings have grown by 13.7% per year over the past 5 years.

Accelerating Growth: BASS's earnings growth over the past year (43.3%) exceeds its 5-year average (13.7% per year).

Earnings vs Industry: BASS earnings growth over the past year (43.3%) exceeded the Real Estate industry 20.3%.


Return on Equity

High ROE: BASS's Return on Equity (19.7%) is considered low.


Financial Health

How is BASSAC Société anonyme's financial position?


Financial Position Analysis

Short Term Liabilities: BASS's short term assets (€1.0B) exceed its short term liabilities (€491.6M).

Long Term Liabilities: BASS's short term assets (€1.0B) exceed its long term liabilities (€181.7M).


Debt to Equity History and Analysis

Debt Level: BASS's debt to equity ratio (40%) is considered high.

Reducing Debt: BASS's debt to equity ratio has reduced from 74.9% to 40% over the past 5 years.

Debt Coverage: BASS's debt is well covered by operating cash flow (85.2%).

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


Balance Sheet


Dividend

What is BASSAC Société anonyme current dividend yield, its reliability and sustainability?

3.92%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BASS's dividend (3.92%) is higher than the bottom 25% of dividend payers in the French market (1.32%).

High Dividend: BASS's dividend (3.92%) is low compared to the top 25% of dividend payers in the French market (3.93%).


Stability and Growth of Payments

Stable Dividend: BASS's dividends per share have been stable in the past 10 years.

Growing Dividend: BASS's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (35.5%), BASS's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BASS's dividends in 3 years are forecast to be well covered by earnings (17.4% payout ratio).


Next Steps

Management

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

1.4yrs

Average board tenure


CEO

Moïse Mitterrand

no data

Tenure

€745,283

Compensation

Mr. Moise Mitterrand has been Chairman and Chief Executive Officer at Les Nouveaux Constructeurs since May 15, 2020. He had been the Chairman of the Management Board and Member of the Management Board at L...


CEO Compensation Analysis

Compensation vs Market: Moïse's total compensation ($USD865.50K) is above average for companies of similar size in the French market ($USD549.68K).

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


Board Members

Experienced Board: BASS's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.


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

BASSAC Société anonyme's employee growth, exchange listings and data sources


Key Information

  • Name: BASSAC Société anonyme
  • Ticker: BASS
  • Exchange: ENXTPA
  • Founded: 1972
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: €1.023b
  • Shares outstanding: 16.04m
  • Website: https://www.bassac.fr

Number of Employees


Location

  • BASSAC Société anonyme
  • 50 Route de la Reine
  • Boulogne-Billancourt
  • Ile-de-France
  • 92100
  • France

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 21:39
End of Day Share Price2021/10/25 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.