B&C Speakers S.p.A. manufactures and sells electro-acoustic transducer.
Adequate balance sheet with acceptable track record.
Share Price & News
How has B&C Speakers's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BEC has not had significant price volatility in the past 3 months.
7 Day Return
IT Consumer Durables
1 Year Return
IT Consumer Durables
Return vs Industry: BEC underperformed the Italian Consumer Durables industry which returned 40% over the past year.
Return vs Market: BEC underperformed the Italian Market which returned -6.7% over the past year.
Price Volatility Vs. Market
How volatile is B&C Speakers's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall StCould The Market Be Wrong About B&C Speakers S.p.A. (BIT:BEC) Given Its Attractive Financial Prospects?
3 months ago | Simply Wall StB&C Speakers S.p.A. (BIT:BEC): Does The -7.6% Earnings Drop Reflect A Longer Term Trend?
4 months ago | Simply Wall StWould B&C Speakers S.p.A. (BIT:BEC) Be Valuable To Income Investors?
Is B&C Speakers 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: BEC (€9.6) is trading above our estimate of fair value (€4.94)
Significantly Below Fair Value: BEC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BEC is poor value based on its PE Ratio (14.9x) compared to the IT Consumer Durables industry average (13.3x).
PE vs Market: BEC is good value based on its PE Ratio (14.9x) compared to the Italian market (16.1x).
Price to Earnings Growth Ratio
PEG Ratio: BEC is poor value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: BEC is overvalued based on its PB Ratio (3.4x) compared to the IT Consumer Durables industry average (1.5x).
How is B&C Speakers forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BEC's forecast earnings growth (14.6% per year) is above the savings rate (2%).
Earnings vs Market: BEC's earnings (14.6% per year) are forecast to grow slower than the Italian market (26% per year).
High Growth Earnings: BEC's earnings are forecast to grow, but not significantly.
Revenue vs Market: BEC's revenue (4.7% per year) is forecast to grow slower than the Italian market (5.4% per year).
High Growth Revenue: BEC's revenue (4.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BEC's Return on Equity is forecast to be high in 3 years time (21.6%)
How has B&C Speakers performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BEC has high quality earnings.
Growing Profit Margin: BEC's current net profit margins (12.7%) are lower than last year (17.8%).
Past Earnings Growth Analysis
Earnings Trend: BEC's earnings have grown by 15.2% per year over the past 5 years.
Accelerating Growth: BEC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BEC had negative earnings growth (-30.8%) over the past year, making it difficult to compare to the Consumer Durables industry average (0.7%).
Return on Equity
High ROE: BEC's Return on Equity (26.8%) is considered high.
How is B&C Speakers's financial position?
Financial Position Analysis
Short Term Liabilities: BEC's short term assets (€39.2M) exceed its short term liabilities (€15.3M).
Long Term Liabilities: BEC's short term assets (€39.2M) exceed its long term liabilities (€9.4M).
Debt to Equity History and Analysis
Debt Level: BEC's debt to equity ratio (48.4%) is considered high.
Reducing Debt: BEC's debt to equity ratio has increased from 29.7% to 48.4% over the past 5 years.
Debt Coverage: BEC's debt is well covered by operating cash flow (93.3%).
Interest Coverage: BEC's interest payments on its debt are well covered by EBIT (6.2x coverage).
What is B&C Speakers's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate BEC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate BEC'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 BEC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if BEC's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: BEC is not paying a notable dividend for the Italian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of BEC's dividend in 3 years as they are not forecast to pay a notable one for the Italian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mr. Lorenzo Coppini has been Chief Executive Officer since 2007 and serves as President of B&C Speakers S.p.A. and served as its Chairman of the Board since April 29, 2013 until June 30, 2014. Mr. Coppini ...
CEO Compensation Analysis
Compensation vs Market: Lorenzo's total compensation ($USD0.00) is below average for companies of similar size in the Italian market ($USD455.32K).
Compensation vs Earnings: Lorenzo's compensation has been consistent with company performance over the past year.
|CEO, President & Director||13.58yrs||€230.00k||no data|
|CFO, Director of Investor Relations & Director||no data||€212.00k||no data|
|CTO, R&D Executive Officer and Director||no data||€239.00k||no data|
|Controller & Director||no data||€10.00k||no data|
|Independent Director||10.33yrs||€10.00k||no data|
|Statutory Auditor||no data||€10.00k||no data|
|Independent Director||no data||€10.00k||no data|
|Independent Director||no data||€10.00k||no data|
|Statutory Auditor||no data||€12.00k||no data|
|Independent Director||2.33yrs||no data||no data|
|Statutory Auditor||no data||no data||no data|
Experienced Board: BEC's board of directors are considered experienced (6.2 years average tenure).
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
B&C Speakers S.p.A.'s company bio, employee growth, exchange listings and data sources
- Name: B&C Speakers S.p.A.
- Ticker: BEC
- Exchange: BIT
- Founded: 1945
- Industry: Consumer Electronics
- Sector: Consumer Durables
- Market Cap: €105.323m
- Shares outstanding: 10.95m
- Website: https://www.bcspeakers.com
Number of Employees
- B&C Speakers S.p.A.
- Via Poggiomoro, 1
- Loc. Vallina
- Bagno a Ripoli
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|BEC||BIT (Borsa Italiana)||Yes||Common Stock||IT||EUR||Jul 2007|
|37B||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jul 2007|
|0OM7||LSE (London Stock Exchange)||Yes||Common Stock||GB||EUR||Jul 2007|
|BECM||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Common Stock||GB||EUR||Jul 2007|
B&C Speakers S.p.A. manufactures and sells electro-acoustic transducer. It offers high frequency drivers and horns, coaxial components, and cone drivers, as well as LF and HF drivers, tweeters, and line ar ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/08/06 22:25|
|End of Day Share Price||2020/08/06 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.