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BELA

JumboATSE:BELA Stock Report

Market Cap

€1.9b

7D

2.4%

1Y

-3.7%

Updated

25 Sep, 2021

Data

Company Financials +
BELA fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance3/6
Financial Health5/6
Dividends4/6

BELA Overview

Jumbo S.A. engages in the retail of toys, baby products, gift articles, household products, stationery, seasonal and decoration items, books, and related products.

Jumbo Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Jumbo
Historical stock prices
Current Share Price€14.20
52 Week High€11.80
52 Week Low€16.92
Beta1.19
1 Month Change7.33%
3 Month Change-3.40%
1 Year Change-3.73%
3 Year Change10.94%
5 Year Change27.93%
Change since IPO747.11%

Recent News & Updates

Shareholder Returns

BELAGR Specialty RetailGR Market
7D2.4%1.6%-4.1%
1Y-3.7%-0.6%-11.2%

Return vs Industry: BELA underperformed the Greek Specialty Retail industry which returned -0.6% over the past year.

Return vs Market: BELA exceeded the Greek Market which returned -11.2% over the past year.

Price Volatility

Is BELA's price volatile compared to industry and market?
BELA volatility
BELA Beta1.19
Industry Beta1.22
Market Beta1

Stable Share Price: BELA is less volatile than 75% of Greek stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: BELA's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19865,982Konstantina Demirihttps://www.e-jumbo.gr

Jumbo S.A. engages in the retail of toys, baby products, gift articles, household products, stationery, seasonal and decoration items, books, and related products. As of December 31, 2020, the company operated 80 stores, including 52 stores in Greece, 5 stores in Cyprus, 9 stores in Bulgaria, and 14 stores in Romania. It also operates e-jumbo, an online store.

Jumbo Fundamentals Summary

How do Jumbo's earnings and revenue compare to its market cap?
BELA fundamental statistics
Market Cap€1.93b
Earnings (TTM)€156.04m
Revenue (TTM)€728.99m

12.4x

P/E Ratio

2.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BELA income statement (TTM)
Revenue€728.99m
Cost of Revenue€351.66m
Gross Profit€377.33m
Expenses€221.29m
Earnings€156.04m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.15
Gross Margin51.76%
Net Profit Margin21.40%
Debt/Equity Ratio16.4%

How did BELA perform over the long term?

See historical performance and comparison

Dividends

4.3%

Current Dividend Yield

0%

Payout Ratio

Valuation

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

12.38x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BELA (€14.2) is trading above our estimate of fair value (€6.68)

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


Price To Earnings Ratio

PE vs Industry: BELA is good value based on its PE Ratio (12.4x) compared to the European Specialty Retail industry average (14.4x).

PE vs Market: BELA is good value based on its PE Ratio (12.4x) compared to the Greek market (18.3x).


Price to Earnings Growth Ratio

PEG Ratio: BELA is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: BELA is overvalued based on its PB Ratio (1.6x) compared to the GR Specialty Retail industry average (0.9x).


Future Growth

How is Jumbo forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

9.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BELA's forecast earnings growth (9.7% per year) is above the savings rate (3.9%).

Earnings vs Market: BELA's earnings (9.7% per year) are forecast to grow slower than the Greek market (30.9% per year).

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

Revenue vs Market: BELA's revenue (8.5% per year) is forecast to grow faster than the Greek market (5.9% per year).

High Growth Revenue: BELA's revenue (8.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BELA's Return on Equity is forecast to be low in 3 years time (13.2%).


Past Performance

How has Jumbo performed over the past 5 years?

4.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BELA has high quality earnings.

Growing Profit Margin: BELA's current net profit margins (21.4%) are higher than last year (20.6%).


Past Earnings Growth Analysis

Earnings Trend: BELA's earnings have grown by 4.4% per year over the past 5 years.

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

Earnings vs Industry: BELA had negative earnings growth (-4.4%) over the past year, making it difficult to compare to the Specialty Retail industry average (47.1%).


Return on Equity

High ROE: BELA's Return on Equity (12.8%) is considered low.


Financial Health

How is Jumbo's financial position?


Financial Position Analysis

Short Term Liabilities: BELA's short term assets (€1.0B) exceed its short term liabilities (€189.4M).

Long Term Liabilities: BELA's short term assets (€1.0B) exceed its long term liabilities (€305.9M).


Debt to Equity History and Analysis

Debt Level: BELA's debt to equity ratio (16.4%) is considered satisfactory.

Reducing Debt: BELA's debt to equity ratio has increased from 15.4% to 16.4% over the past 5 years.

Debt Coverage: BELA's debt is well covered by operating cash flow (153.1%).

Interest Coverage: BELA's interest payments on its debt are well covered by EBIT (71.2x coverage).


Balance Sheet


Dividend

What is Jumbo current dividend yield, its reliability and sustainability?

4.33%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BELA's dividend (4.33%) is higher than the bottom 25% of dividend payers in the Greek market (1.45%).

High Dividend: BELA's dividend (4.33%) is in the top 25% of dividend payers in the Greek market (3.96%)


Stability and Growth of Payments

Stable Dividend: BELA's dividend payments have been volatile in the past 10 years.

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: BELA's dividends in 3 years are forecast to be covered by earnings (61.9% payout ratio).


Next Steps

Management

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

6.8yrs

Average management tenure


CEO

Konstantina Demiri (63 yo)

4.83yrs

Tenure

Mrs. Konstantina Demiri has been Chief Executive Officer and Executive Director at Jumbo S.A. since November 18, 2016. Mrs. Demiri served as Head of Account Department at Jumbo SA.


Leadership Team

Experienced Management: BELA's management team is seasoned and experienced (6.8 years average tenure).


Board Members

Experienced Board: BELA's board of directors are considered experienced (4.8 years average tenure).


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

Jumbo S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Jumbo S.A.
  • Ticker: BELA
  • Exchange: ATSE
  • Founded: 1986
  • Industry: Specialty Stores
  • Sector: Retail
  • Market Cap: €1.932b
  • Shares outstanding: 136.06m
  • Website: https://www.e-jumbo.gr

Number of Employees


Location

  • Jumbo S.A.
  • 9 Cyprou Street and Hydras
  • Moschato
  • Athens
  • 183 46
  • Greece

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/25 16:20
End of Day Share Price2021/09/24 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.