BIT:BFG

Stock Analysis Report

Executive Summary

B.F. S.p.A. engages in the cultivation and marketing of agricultural products in Italy.

Snowflake

Fundamentals

Moderate growth potential with mediocre balance sheet.

Share Price & News

How has B.F's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.9%

BFG

0.3%

IT Food

0.5%

IT Market


1 Year Return

27.7%

BFG

-2.2%

IT Food

11.6%

IT Market

Return vs Industry: BFG exceeded the Italian Food industry which returned -2.2% over the past year.

Return vs Market: BFG exceeded the Italian Market which returned 11.6% over the past year.


Shareholder returns

BFGIndustryMarket
7 Day-0.9%0.3%0.5%
30 Day6.4%0.5%0.1%
90 Day25.7%2.0%1.7%
1 Year27.7%27.7%-1.7%-2.2%16.5%11.6%
3 Yearn/a16.6%14.2%25.2%8.0%
5 Yearn/a59.8%47.0%21.3%-26.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is B.F undervalued compared to its fair value and its price relative to the market?

37.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: BFG (€3.18) is trading below our estimate of fair value (€5.08)

Significantly Undervalued: BFG is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: BFG is poor value based on its PE Ratio (429.1x) compared to the Food industry average (12.4x).

PE vs Market: BFG is poor value based on its PE Ratio (429.1x) compared to the Italian market (17.8x).


Price to Earnings Growth Ratio

Low PEG Ratio: BFG is poor value based on its PEG Ratio (5.9x)


Price to Book Ratio

PB vs Industry: BFG is overvalued based on its PB Ratio (1.3x) compared to the IT Food industry average (1.2x).


Next Steps

Future Growth

How is B.F forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

73.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BFG's forecast earnings growth (73.1% per year) is above the savings rate (2.9%).

Earnings vs Market: BFG's earnings (73.1% per year) are forecast to grow faster than the Italian market (8.5% per year).

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

Revenue vs Market: BFG's revenue is expected to decline over the next 3 years (-35.4% per year).

High Growth Revenue: BFG's revenue is forecast to decline over the next 3 years (-35.4% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if BFG's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has B.F performed over the past 5 years?

0.06%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: BFG's earnings have grown by 0.06% per year over the past 5 years.

Accelerating Growth: BFG has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: BFG has become profitable in the last year, making it difficult to compare its past year earnings growth to the Food industry (0.3%).


Return on Equity

High ROE: BFG's Return on Equity (0.5%) is considered low.


Return on Assets

ROA vs Industry: BFG's Return on Assets is below or equal to the Food industry average last year.


Return on Capital Employed

ROCE Improving: BFG is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is B.F's financial position?


Financial Position Analysis

Short Term Liabilities: BFG's short term assets (€169.9M) exceeds its short term liabilities (€50.6M)

Long Term Liabilities: BFG's short term assets (169.9M) exceeds its long term liabilities (71.1M)


Debt to Equity History and Analysis

Debt Level: BFG's debt to equity ratio (12.3%) is considered satisfactory

Reducing Debt: Insufficient data to determine if BFG's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: BFG's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if BFG's interest payments on its debt are well covered by EBIT.


Balance Sheet

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

Debt Coverage by Assets: BFG's debt is covered by short term assets (assets are 3.604370x debt).


Next Steps

Dividend

What is B.F's current dividend yield, its reliability and sustainability?

16.08%

Forecast Dividend Yield


Dividend Yield vs Market

companyn/amarketbottom25%2.1%markettop25%4.4%industryaverage2.4%forecastin3Years16.1%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate BFG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate BFG's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if BFG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BFG's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BFG's dividend in 3 years as they are not forecast to pay a notable one for the Italian market.


Next Steps

Management

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

0.5yrs

Average board tenure


CEO

Federico Vecchioni (52yo)

0yrs

Tenure

€596,144

Compensation

Dr. Federico Vecchioni serves as Chief Executive Officer and Director of B.F. Holding S.p.A. Dr. Vecchioni serves asChief Executive Officer of Consorzi Agrari d’Italia Scpa. He has been the Chief Executive ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Federico's total compensation is reasonable compared to companies of similar size in the Italian market.

Compensation vs Earnings: Federico's compensation has been consistent with company performance over the past year.


Board Age and Tenure

0.5yrs

Average Tenure

51yo

Average Age

Experienced Board: BFG's board of directors are not considered experienced ( 0.5 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

  • Federico Vecchioni (52yo)

    CEO & Director

    • Tenure: 0yrs
    • Compensation: €596.14k
  • Lorenzo Mazzini

    Chief Financial Officer

    • Tenure: 0yrs
  • Antonio Posa

    Sales and Marketing Director

    • Tenure: 0yrs

Board Members

  • Rossella Locatelli (59yo)

    Chairwoman of The Board

    • Tenure: 0yrs
    • Compensation: €94.60k
  • Andrea Bignami (50yo)

    Independent Director

    • Tenure: 0yrs
    • Compensation: €42.40k
  • Federico Vecchioni (52yo)

    CEO & Director

    • Tenure: 0yrs
    • Compensation: €596.14k
  • Nathalie Francesca Dompé (33yo)

    Director

    • Tenure: 0yrs
    • Compensation: €34.00k
  • Luigi Scordamaglia (54yo)

    Independent Director

    • Tenure: 0yrs
    • Compensation: €25.73k
  • Roberto Capone

    Chairman of the Board of Statutory Auditors

    • Tenure: 0yrs
    • Compensation: €42.00k
  • Gianluca Lelli (50yo)

    Independent Director

    • Tenure: 0yrs
    • Compensation: €27.60k
  • Vittorio Grilli

    Independent Director

    • Tenure: 0.5yrs
  • Tiziana Olivieri

    Independent Director

    • Tenure: 0.5yrs
  • Gabriella Fantolino

    Independent Director

    • Tenure: 0.5yrs

Company Information

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


Key Information

  • Name: B.F. S.p.A.
  • Ticker: BFG
  • Exchange: BIT
  • Founded: 2014
  • Industry: Agricultural Products
  • Sector: Food, Beverage & Tobacco
  • Market Cap: €485.562m
  • Shares outstanding: 152.69m
  • Website: https://www.bfspa.it

Location

  • B.F. S.p.A.
  • Via Cavicchini, 2
  • Jolanda di Savoia
  • Ferrara
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BFGBIT (Borsa Italiana)YesCommon StockITEURJun 2017
BFGMBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBEURJun 2017

Biography

B.F. S.p.A. engages in the cultivation and marketing of agricultural products in Italy. It offers pasta, rice, herbal teas, and legumes/cereals. The company markets its products under the Le Stagioni d'Ita ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 21:53
End of Day Share Price2019/10/18 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.