BIT:BSS

Stock Analysis Report

Executive Summary

Biesse S.p.A. designs, manufactures, and markets a range of products and solutions for joiners and large furniture, windows, doors, and wood building components manufacturers in Western Europe, the Asia-Pacific, Eastern Europe, North America, and internationally.

Snowflake

Fundamentals

Flawless balance sheet and fair value.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

6.1%

BSS

-2.7%

IT Machinery

0.5%

IT Market


1 Year Return

-53.8%

BSS

-17.0%

IT Machinery

11.6%

IT Market

Return vs Industry: BSS underperformed the Italian Machinery industry which returned -17% over the past year.

Return vs Market: BSS underperformed the Italian Market which returned 11.6% over the past year.


Shareholder returns

BSSIndustryMarket
7 Day6.1%-2.7%0.5%
30 Day6.9%-5.5%0.07%
90 Day-2.0%-7.3%1.2%
1 Year-52.7%-53.8%-15.6%-17.0%16.5%11.6%
3 Year-27.0%-30.3%34.0%28.5%25.2%8.0%
5 Year72.7%56.4%75.4%64.4%21.1%-26.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

8.3x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BSS (€11.14) is trading above our estimate of fair value (€6.34)

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


Price To Earnings Ratio

PE vs Industry: BSS is good value based on its PE Ratio (8.3x) compared to the Machinery industry average (16.1x).

PE vs Market: BSS is good value based on its PE Ratio (8.3x) compared to the Italian market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: BSS's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: BSS is good value based on its PB Ratio (1.4x) compared to the IT Machinery industry average (1.5x).


Next Steps

Future Growth

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

-4.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BSS's earnings are forecast to decline over the next 3 years (-4.5% per year).

Earnings vs Market: BSS's earnings are forecast to decline over the next 3 years (-4.5% per year).

High Growth Earnings: BSS's earnings are forecast to decline over the next 3 years.

Revenue vs Market: BSS's revenue (1.1% per year) is forecast to grow slower than the Italian market (3% per year).

High Growth Revenue: BSS's revenue (1.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BSS's Return on Equity is forecast to be low in 3 years time (9.7%).


Next Steps

Past Performance

How has Biesse performed over the past 5 years?

24.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: BSS's earnings have grown significantly by 24.1% per year over the past 5 years.

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

Earnings vs Industry: BSS had negative earnings growth (-13.2%) over the past year, making it difficult to compare to the Machinery industry average (-18%).


Return on Equity

High ROE: BSS's Return on Equity (17.1%) is considered low.


Return on Assets

ROA vs Industry: BSS has a higher Return on Assets than the Machinery industry average last year.


Return on Capital Employed

ROCE Improving: BSS's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Biesse's financial position?


Financial Position Analysis

Short Term Liabilities: BSS's short term assets (€418.4M) exceeds its short term liabilities (€353.6M)

Long Term Liabilities: BSS's short term assets (418.4M) exceeds its long term liabilities (87.7M)


Debt to Equity History and Analysis

Debt Level: BSS's debt to equity ratio (39.3%) is considered satisfactory

Reducing Debt: BSS's debt to equity ratio has reduced from 49.8% to 39.3% over the past 5 years.

Debt Coverage: BSS's debt is well covered by operating cash flow (46.8%).

Interest Coverage: BSS's interest payments on its debt are well covered by EBIT (56.6x coverage).


Balance Sheet

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

Debt Coverage by Assets: BSS's debt is covered by short term assets (assets are 4.924840x debt).


Next Steps

Dividend

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

4.31%

Current Dividend Yield


Dividend Yield vs Market

company4.3%marketbottom25%2.1%markettop25%4.4%industryaverage2.3%forecastin3Years2.8%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: BSS's dividend (4.31%) is higher than the bottom 25% of dividend payers in the Italian market (2.08%).

High Dividend: BSS's dividend (4.31%) is low compared to the top 25% of dividend payers in the Italian market (4.41%).

Stable Dividend: Whilst dividend payments have been stable, BSS has been paying a dividend for less than 10 years.

Growing Dividend: BSS's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (35.7%), BSS's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BSS's dividends in 3 years are forecast to be well covered by earnings (34.4% payout ratio).


Next Steps

Management

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

0.9yrs

Average board tenure


CEO

Roberto Selci (59yo)

1.4yrs

Tenure

€708,000

Compensation

Mr. Roberto Selci has been Chief Executive Officer of Biesse S.p.A. since May 2018. He served as Chief Executive Officer of Biesse S.p.A., the holding company of Biesse Group America Inc. since April 29, 2 ...


CEO Compensation Analysis

Compensation vs. Market: Roberto's total compensation ($USD0.00) is too low to compare against companies of similar size in the Italian market ($USD0.00).

Compensation vs Earnings: Roberto's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Board Age and Tenure

0.9yrs

Average Tenure

58yo

Average Age

Experienced Board: BSS's board of directors are not considered experienced ( 0.9 years average tenure), which suggests a new board.


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


Management Team

  • Giancarlo Selci (83yo)

    Chairman of the Board

    • Tenure: 1.4yrs
    • Compensation: €726.00k
  • Roberto Selci (59yo)

    CEO & Director

    • Tenure: 1.4yrs
    • Compensation: €708.00k
  • Alessandra Parpajola (46yo)

    Executive Director

    • Tenure: 13.5yrs
    • Compensation: €264.00k
  • Stefano Porcellini (54yo)

    Group GM & Executive Director

    • Tenure: 12.9yrs
    • Compensation: €617.00k
  • Cristian Berardi

    Manager of Corporate Financial Report

    • Tenure: 0yrs
  • Silvia Vanini (67yo)

    Executive Director & Strategic Director

    • Tenure: 0.8yrs

Board Members

  • Giancarlo Selci (83yo)

    Chairman of the Board

    • Tenure: 1.4yrs
    • Compensation: €726.00k
  • Roberto Selci (59yo)

    CEO & Director

    • Tenure: 1.4yrs
    • Compensation: €708.00k
  • Claudio Sanchioni

    Statutory Auditor

    • Tenure: 0.9yrs
    • Compensation: €46.00k
  • Alessandra Parpajola (46yo)

    Executive Director

    • Tenure: 13.5yrs
    • Compensation: €264.00k
  • Stefano Porcellini (54yo)

    Group GM & Executive Director

    • Tenure: 12.9yrs
    • Compensation: €617.00k
  • Elisabetta Righini (58yo)

    Lead Independent Director

    • Tenure: 0yrs
    • Compensation: €26.00k
  • Giovanni Chiura (54yo)

    Independent Director

    • Tenure: 0.9yrs
  • Paolo de Mitri

    Chairman of Statutory auditor

    • Tenure: 0.9yrs
  • Federica Palazzi

    Independent Director

    • Tenure: 0.9yrs
  • Silvia Vanini (67yo)

    Executive Director & Strategic Director

    • Tenure: 0.8yrs

Company Information

Biesse S.p.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Biesse S.p.A.
  • Ticker: BSS
  • Exchange: BIT
  • Founded: 1969
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: €305.158m
  • Shares outstanding: 27.39m
  • Website: https://www.biesse.com

Number of Employees


Location

  • Biesse S.p.A.
  • Via della Meccanica, 16
  • Pesaro
  • Pesaro
  • 61122
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BSSBIT (Borsa Italiana)YesOrdinary SharesITEURJun 2001
0DUKLSE (London Stock Exchange)YesOrdinary SharesGBEURJun 2001
BSSMBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJun 2001
BI2DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2001

Biography

Biesse S.p.A. designs, manufactures, and markets a range of products and solutions for joiners and large furniture, windows, doors, and wood building components manufacturers in Western Europe, the Asia-Pa ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 20:44
End of Day Share Price2019/10/21 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.