BIT:BET

Stock Analysis Report

Be Think Solve Execute

Executive Summary

Be Think, Solve, Execute S.p.A. provides business consulting, information technology, and professional services in Italy, Germany, Austria, Switzerland, the United Kingdom, and internationally.

Snowflake

Fundamentals

Reasonable growth potential with adequate balance sheet.

Share Price & News

How has Be Think Solve Execute's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

4.6%

BET

2.2%

IT IT

0.5%

IT Market


1 Year Return

34.6%

BET

8.8%

IT IT

11.6%

IT Market

Return vs Industry: BET exceeded the Italian IT industry which returned 8.8% over the past year.

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


Shareholder returns

BETIndustryMarket
7 Day4.6%2.2%0.5%
30 Day7.9%1.2%0.1%
90 Day7.3%-0.5%1.7%
1 Year37.6%34.6%9.7%8.8%16.5%11.6%
3 Year78.6%68.3%86.6%82.4%25.2%8.0%
5 Year148.2%126.5%150.1%123.2%21.3%-26.0%

Price Volatility Vs. Market

How volatile is Be Think Solve Execute's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Be Think Solve Execute undervalued compared to its fair value and its price relative to the market?

23.34x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: BET (€1.09) is trading above our estimate of fair value (€0.84)

Significantly Undervalued: BET is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BET is good value based on its PE Ratio (23.3x) compared to the IT industry average (31.4x).

PE vs Market: BET is poor value based on its PE Ratio (23.3x) compared to the Italian market (17.8x).


Price to Earnings Growth Ratio

Low PEG Ratio: BET is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: BET is good value based on its PB Ratio (2.7x) compared to the IT IT industry average (2.9x).


Next Steps

Future Growth

How is Be Think Solve Execute forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

20.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BET's forecast earnings growth (20.1% per year) is above the savings rate (2.9%).

Earnings vs Market: BET's earnings (20.1% 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: BET's revenue (5.8% per year) is forecast to grow faster than the Italian market (3% per year).

High Growth Revenue: BET's revenue (5.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: BET's Return on Equity is forecast to be low in 3 years time (18.3%).


Next Steps

Past Performance

How has Be Think Solve Execute performed over the past 5 years?

28.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: BET's earnings have grown significantly by 28.2% per year over the past 5 years.

Accelerating Growth: BET's earnings growth over the past year (10%) is below its 5-year average (28.2% per year).

Earnings vs Industry: BET earnings growth over the past year (10%) underperformed the IT industry 10%.


Return on Equity

High ROE: BET's Return on Equity (12.7%) is considered low.


Return on Assets

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


Return on Capital Employed

ROCE Improving: BET has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Be Think Solve Execute's financial position?


Financial Position Analysis

Short Term Liabilities: BET's short term assets (€65.8M) exceeds its short term liabilities (€61.6M)

Long Term Liabilities: BET's short term assets (65.8M) exceeds its long term liabilities (49.5M)


Debt to Equity History and Analysis

Debt Level: BET's debt to equity ratio (64.7%) is considered high

Reducing Debt: BET's debt to equity ratio has increased from 59.8% to 64.7% over the past 5 years.

Debt Coverage: BET's debt is well covered by operating cash flow (40.8%).

Interest Coverage: BET's interest payments on its debt are well covered by EBIT (24.2x coverage).


Balance Sheet

Inventory Level: BET has a low level of unsold assets or inventory.

Debt Coverage by Assets: BET's debt is covered by short term assets (assets are 1.833420x debt).


Next Steps

Dividend

What is Be Think Solve Execute's current dividend yield, its reliability and sustainability?

2.01%

Current Dividend Yield


Dividend Yield vs Market

company2.0%marketbottom25%2.1%markettop25%4.4%industryaverage1.8%forecastin3Years1.2%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: BET's dividend (2.01%) isn’t notable compared to the bottom 25% of dividend payers in the Italian market (2.09%).

High Dividend: BET's dividend (2.01%) is low compared to the top 25% of dividend payers in the Italian market (4.41%).

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

Growing Dividend: BET's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (46.9%), BET's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BET's dividends in 3 years are forecast to be thoroughly covered by earnings (11.3% payout ratio).


Next Steps

Management

What is the CEO of Be Think Solve Execute's salary, the management and board of directors tenure and is there insider trading?

2.5yrs

Average board tenure


CEO

Stefano Achermann (50yo)

0yrs

Tenure

€1,332,800

Compensation

Mr. Stefano Achermann serves as the Chief Executive Officer and Managing Director of Be Think, Solve, Execute S.p.A. Mr. Achermann served as the Chief Executive Officer of B.E.E. Consulting S.p.A. Mr. Ache ...


CEO Compensation Analysis

Compensation vs. Market: Stefano's total compensation ($USD1.48M) is about average for companies of similar size in the Italian market ($USD0.00).

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


Board Age and Tenure

2.5yrs

Average Tenure

50yo

Average Age

Experienced Board: BET's board of directors are not considered experienced ( 2.5 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

  • Virginie Roussel

    Investor Relations Officer

    • Tenure: 0yrs
  • Giuseppe Esposito

    Executive

    • Tenure: 0yrs
    • Compensation: €2.00k
  • Stefano Achermann (50yo)

    CEO, MD & Director

    • Tenure: 0yrs
    • Compensation: €1.33m

Board Members

  • Claudio Berretti (47yo)

    Non-Executive Director

    • Tenure: 0yrs
    • Compensation: €20.00k
  • Giuseppe Leoni

    Chairman of Board of Auditors

    • Tenure: 0yrs
  • Carlo Achermann

    Chairman of the Board

    • Tenure: 2.4yrs
    • Compensation: €821.42k
  • Stefano Achermann (50yo)

    CEO, MD & Director

    • Tenure: 0yrs
    • Compensation: €1.33m
  • Paola Tagliavini (51yo)

    Independent Director

    • Tenure: 2.5yrs
    • Compensation: €30.00k
  • Davide Dattoli

    Independent Director

    • Tenure: 2.5yrs
    • Compensation: €20.00k
  • Anna Lambiase

    Non-Executive Director

    • Tenure: 0yrs
    • Compensation: €20.00k
  • Cristina Spagna

    Independent Director

    • Tenure: 0yrs
    • Compensation: €30.00k
  • Gianluca Ferrari

    Independent Director

    • Tenure: 2.5yrs
    • Compensation: €20.00k
  • Claudio Calabi

    Independent Director

    • Tenure: 1.5yrs
    • Compensation: €13.42k

Company Information

Be Think, Solve, Execute S.p.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Be Think, Solve, Execute S.p.A.
  • Ticker: BET
  • Exchange: BIT
  • Founded: 1987
  • Industry: Data Processing and Outsourced Services
  • Sector: Software
  • Market Cap: €144.010m
  • Shares outstanding: 131.64m
  • Website: https://www.be-tse.it

Number of Employees


Location

  • Be Think, Solve, Execute S.p.A.
  • Viale dell’Esperanto, 71
  • Rome
  • Rome
  • 144
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DAFDB (Deutsche Boerse AG)YesOrdinary SharesDEEUROct 2000
BETBIT (Borsa Italiana)YesOrdinary SharesITEUROct 2000
0KK7LSE (London Stock Exchange)YesOrdinary SharesGBEUROct 2000
BETMBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEUROct 2000

Biography

Be Think, Solve, Execute S.p.A. provides business consulting, information technology, and professional services in Italy, Germany, Austria, Switzerland, the United Kingdom, and internationally. It operates ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 20:40
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.