B&C Speakers S.p.A. manufactures and sells electro-acoustic transducer.
Solid track record with adequate balance sheet.
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 exceeded the Italian Consumer Durables industry which returned -23.6% over the past year.
Return vs Market: BEC exceeded the Italian Market which returned 8.2% 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 days ago | Simply Wall StCan You Imagine How Chuffed B&C Speakers's (BIT:BEC) Shareholders Feel About Its 112% Share Price Gain?
2 weeks ago | Simply Wall StWhy We Like B&C Speakers S.p.A.’s (BIT:BEC) 27% Return On Capital Employed
4 weeks ago | Simply Wall StDo Institutions Own B&C Speakers S.p.A. (BIT:BEC) Shares?
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 (€14) is trading above our estimate of fair value (€8.99)
Significantly Below Fair Value: BEC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BEC is good value based on its PE Ratio (14.4x) compared to the Consumer Durables industry average (14.4x).
PE vs Market: BEC is good value based on its PE Ratio (14.4x) compared to the Italian market (17.7x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BEC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BEC is overvalued based on its PB Ratio (6.3x) compared to the IT Consumer Durables industry average (2.1x).
How is B&C Speakers forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Consumer Durables industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as B&C Speakers has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Check out B&C Speakers's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
- B&C Speakers competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Durables industry.
How has B&C Speakers performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BEC has a high level of non-cash earnings.
Growing Profit Margin: BEC's current net profit margins (18.9%) are higher than last year (13.9%).
Past Earnings Growth Analysis
Earnings Trend: BEC's earnings have grown by 18.2% per year over the past 5 years.
Accelerating Growth: BEC's earnings growth over the past year (47.2%) exceeds its 5-year average (18.2% per year).
Earnings vs Industry: BEC earnings growth over the past year (47.2%) exceeded the Consumer Durables industry 2.1%.
Return on Equity
High ROE: BEC's Return on Equity (43.9%) is considered outstanding.
Return on Assets
Return on Capital Employed
How is B&C Speakers's financial position?
Financial Position Analysis
Short Term Liabilities: BEC's short term assets (€42.8M) exceed its short term liabilities (€17.5M).
Long Term Liabilities: BEC's short term assets (€42.8M) exceed its long term liabilities (€12.5M).
Debt to Equity History and Analysis
Debt Level: BEC's debt to equity ratio (71.3%) is considered high.
Reducing Debt: BEC's debt to equity ratio has increased from 34.2% to 71.3% over the past 5 years.
Debt Coverage: BEC's debt is well covered by operating cash flow (42.3%).
Interest Coverage: BEC earns more interest than it pays, so coverage of interest payments is not a concern.
Inventory Level: BEC has a high level of physical assets or inventory.
Debt Coverage by Assets: BEC's debt is covered by short term assets (assets are 2.5x debt).
What is B&C Speakers's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: BEC's dividend (3.57%) is higher than the bottom 25% of dividend payers in the Italian market (2.09%).
High Dividend: BEC's dividend (3.57%) is low compared to the top 25% of dividend payers in the Italian market (4.73%).
Stability and Growth of Payments
Stable Dividend: BEC's dividend payments have been volatile in the past 10 years.
Growing Dividend: BEC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (51.6%), BEC's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Lorenzo Coppini 0
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 ($USD0.00) is below average for companies of similar size in the Italian market ($USD526.33K).
Compensation vs Earnings: Lorenzo's compensation has been consistent with company performance over the past year.
|CEO, President & Director||13.1yrs||€230.00k||0.51% €789.4k|
|CFO, Director of Investor Relations & Director||0yrs||€212.00k||no data|
|CTO, R&D Executive Officer and Director||0yrs||€239.00k||no data|
|Controller & Director||0yrs||€10.00k||no data|
|Independent Director||9.8yrs||€10.00k||no data|
|Independent Director||0yrs||€10.00k||no data|
|Independent Director||0yrs||€10.00k||no data|
|Independent Director||1.8yrs||no data||no data|
|Statutory Auditor||0yrs||no data||no data|
Experienced Board: BEC's board of directors are considered experienced (5.7 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: €153.610m
- Shares outstanding: 10.97m
- 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 arrays. The company provides its products under the B&C brand name, as well as supplies OEM components to professional audio brands in the market. It has operations in Italy and internationally. The company was formerly known as BBC Speakers SpA and changed its name to B&C Speakers S.p.A. in 1993. B&C Speakers S.p.A. was founded in 1945 and is headquartered in Bagno a Ripoli, Italy. B&C Speakers S.p.A. is a subsidiary of Research & Development International S.r.L.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/24 21:47|
|End of Day Share Price||2020/02/24 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.