BATS-CHIXE:BSGRA

Stock Analysis Report

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Executive Summary

B&S Group S.A. distributes consumer goods worldwide. More Details


Snowflake Analysis

Excellent balance sheet and good value.


Similar Companies

Share Price & News

How has B&S Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BSGRA is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: BSGRA's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-2.0%

BSGRA

0.6%

GB Retail Distributors

-0.5%

GB Market


1 Year Return

-27.1%

BSGRA

6.9%

GB Retail Distributors

-8.2%

GB Market

Return vs Industry: BSGRA underperformed the UK Retail Distributors industry which returned 6.9% over the past year.

Return vs Market: BSGRA underperformed the UK Market which returned -8.2% over the past year.


Shareholder returns

BSGRAIndustryMarket
7 Day-2.0%0.6%-0.5%
30 Day-0.5%5.9%3.0%
90 Day12.4%31.6%14.1%
1 Year-27.1%-27.1%7.8%6.9%-4.5%-8.2%
3 Yearn/a33.0%21.7%3.7%-9.0%
5 Yearn/a53.6%33.5%42.1%14.4%

Long-Term Price Volatility Vs. Market

How volatile is B&S Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is B&S Group undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BSGRA (€7.27) is trading below our estimate of fair value (€192.05)

Significantly Below Fair Value: BSGRA is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BSGRA is poor value based on its PE Ratio (19.8x) compared to the XE Retail Distributors industry average (17.8x).

PE vs Market: BSGRA is good value based on its PE Ratio (19.8x) compared to the UK market (22.9x).


Price to Earnings Growth Ratio

PEG Ratio: BSGRA is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: BSGRA is overvalued based on its PB Ratio (2.5x) compared to the XE Retail Distributors industry average (1.7x).


Next Steps

Future Growth

How is B&S Group forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

31.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BSGRA's forecast earnings growth (31.8% per year) is above the savings rate (1%).

Earnings vs Market: BSGRA's earnings (31.8% per year) are forecast to grow faster than the UK market (25.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: BSGRA's revenue (5.9% per year) is forecast to grow slower than the UK market (6.6% per year).

High Growth Revenue: BSGRA's revenue (5.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BSGRA's Return on Equity is forecast to be low in 3 years time (16.5%).


Next Steps

Past Performance

How has B&S Group performed over the past 5 years?

-10.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BSGRA has high quality earnings.

Growing Profit Margin: BSGRA's current net profit margins (1.6%) are lower than last year (3%).


Past Earnings Growth Analysis

Earnings Trend: BSGRA's earnings have declined by 10.8% per year over the past 5 years.

Accelerating Growth: BSGRA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BSGRA had negative earnings growth (-47%) over the past year, making it difficult to compare to the Retail Distributors industry average (14.6%).


Return on Equity

High ROE: BSGRA's Return on Equity (15.6%) is considered low.


Next Steps

Financial Health

How is B&S Group's financial position?


Financial Position Analysis

Short Term Liabilities: BSGRA's short term assets (€600.5M) exceed its short term liabilities (€377.2M).

Long Term Liabilities: BSGRA's short term assets (€600.5M) exceed its long term liabilities (€178.6M).


Debt to Equity History and Analysis

Debt Level: BSGRA's debt to equity ratio (92.9%) is considered high.

Reducing Debt: BSGRA's debt to equity ratio has reduced from 101.9% to 92.9% over the past 5 years.

Debt Coverage: BSGRA's debt is well covered by operating cash flow (69.1%).

Interest Coverage: BSGRA's interest payments on its debt are well covered by EBIT (6.5x coverage).


Balance Sheet


Next Steps

Dividend

What is B&S Group current dividend yield, its reliability and sustainability?

1.82%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BSGRA's dividend (1.82%) is higher than the bottom 25% of dividend payers in the UK market (1.53%).

High Dividend: BSGRA's dividend (1.82%) is low compared to the top 25% of dividend payers in the UK market (4.57%).


Stability and Growth of Payments

Stable Dividend: BSGRA has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: BSGRA has only been paying a dividend for 2 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: Unable to calculate sustainability of dividends as BSGRA has not reported any payouts.


Future Payout to Shareholders

Future Dividend Coverage: BSGRA's dividends in 3 years are forecast to be well covered by earnings (40.8% payout ratio).


Next Steps

Management

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

1.9yrs

Average management tenure


CEO

Tako de Haan (59 yo)

0.42

Tenure

Mr. Tako de Haan has been Chief Executive Officer and Member of the Executive Board at B&S Group S.A. since August 11, 2020. He served as Chief Operations Officer of TOMS Shoes in Los Angeles, USA. He join...


Leadership Team

NamePositionTenureCompensationOwnership
Bas L. Schreuders
Senior Counsel & Member of the Executive Board9yrs€159.00kno data
Niels G. Groen
Member of the Executive Board & Finance Director3.08yrs€151.00kno data
Tako de Haan
CEO & Member of the Executive Board0.42yrno datano data
Peter Kruithof
CFO, Member of the Executive Board & Corporate Treasurer0.67yrno datano data
Ken Lageveen
Chief Operations Officerno datano datano data
Anke Bongers
Director of Corporate Communications & IRno datano datano data

1.9yrs

Average Tenure

42yo

Average Age

Experienced Management: BSGRA's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Jan van Barneveld
Chairman of the Supervisory Board2.92yrs€55.00kno data
J. Beerman
Member of the Supervisory Board2.92yrs€50.00kno data
Willem Blijdorp
Vice Chairman of the Supervisory Boardno data€50.00k68.63%
€ 413.1m
Kitty Koelemeijer
Member of the Supervisory Board2.92yrs€50.00kno data
Rob Cornelisse
Member of the Supervisory Board2.83yrs€50.00kno data

2.9yrs

Average Tenure

65yo

Average Age

Experienced Board: BSGRA's board of directors are not considered experienced ( 2.9 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

B&S Group S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: B&S Group S.A.
  • Ticker: BSGRA
  • Exchange: BATS-CHIXE
  • Founded: 2007
  • Industry: Distributors
  • Sector: Retail
  • Market Cap: €601.868m
  • Shares outstanding: 84.18m
  • Website: https://www.bs-group-sa.com

Number of Employees


Location

  • B&S Group S.A.
  • 14 Rue Strachen
  • Mensdorf
  • Betzdorf
  • 6933
  • Luxembourg

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BSGRENXTAM (Euronext Amsterdam)YesOrdinary SharesNLEURMar 2018
70BDB (Deutsche Boerse AG)YesOrdinary SharesDEEURMar 2018
BSGRABATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURMar 2018

Biography

B&S Group S.A. distributes consumer goods worldwide. The company operates through three segments: HTG, B&S, and Retail. The HTG segment distributes branded liquor and private label products in the health a...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/23 03:06
End of Day Share Price2021/01/21 00:00
Earnings2020/06/30
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.