ENXTAM:BOLS

Stock Analysis Report

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Executive Summary

Lucas Bols N.V. produces, distributes, and sells spirits products. More Details


Snowflake Analysis

Good value with adequate balance sheet.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: BOLS is not significantly more volatile than the rest of Dutch stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: BOLS's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

0.7%

BOLS

-1.3%

NL Beverage

1.5%

NL Market


1 Year Return

-39.7%

BOLS

-10.8%

NL Beverage

-0.9%

NL Market

Return vs Industry: BOLS underperformed the Dutch Beverage industry which returned -11.5% over the past year.

Return vs Market: BOLS underperformed the Dutch Market which returned -2.2% over the past year.


Shareholder returns

BOLSIndustryMarket
7 Day0.7%-1.3%1.5%
30 Day13.3%11.4%10.9%
90 Day11.3%11.6%8.0%
1 Year-39.7%-39.7%-9.5%-10.8%1.4%-0.9%
3 Year-51.3%-55.0%-7.2%-12.3%8.6%-2.3%
5 Year-53.1%-59.4%-4.3%-13.3%37.3%12.5%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BOLS (€8.5) is trading below our estimate of fair value (€24.84)

Significantly Below Fair Value: BOLS is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BOLS is poor value based on its PE Ratio (40.7x) compared to the XE Beverage industry average (24.3x).

PE vs Market: BOLS is poor value based on its PE Ratio (40.7x) compared to the Dutch market (24.4x).


Price to Earnings Growth Ratio

PEG Ratio: BOLS is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: BOLS is good value based on its PB Ratio (0.5x) compared to the XE Beverage industry average (2.3x).


Next Steps

Future Growth

How is Lucas Bols forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

71.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BOLS's forecast earnings growth (71% per year) is above the savings rate (0.4%).

Earnings vs Market: BOLS's earnings (71% per year) are forecast to grow faster than the Dutch market (27.9% per year).

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

Revenue vs Market: BOLS's revenue (9.2% per year) is forecast to grow slower than the Dutch market (9.6% per year).

High Growth Revenue: BOLS's revenue (9.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BOLS's Return on Equity is forecast to be low in 3 years time (7.6%).


Next Steps

Past Performance

How has Lucas Bols performed over the past 5 years?

0.02%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BOLS has high quality earnings.

Growing Profit Margin: BOLS's current net profit margins (4%) are lower than last year (19.4%).


Past Earnings Growth Analysis

Earnings Trend: BOLS's earnings have grown by 0.02% per year over the past 5 years.

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

Earnings vs Industry: BOLS had negative earnings growth (-84.7%) over the past year, making it difficult to compare to the Beverage industry average (-8.1%).


Return on Equity

High ROE: BOLS's Return on Equity (1.3%) is considered low.


Next Steps

Financial Health

How is Lucas Bols's financial position?


Financial Position Analysis

Short Term Liabilities: BOLS's short term assets (€64.7M) do not cover its short term liabilities (€97.9M).

Long Term Liabilities: BOLS's short term assets (€64.7M) do not cover its long term liabilities (€96.9M).


Debt to Equity History and Analysis

Debt Level: BOLS's debt to equity ratio (29.9%) is considered satisfactory.

Reducing Debt: BOLS's debt to equity ratio has reduced from 35.1% to 29.9% over the past 5 years.

Debt Coverage: BOLS's debt is well covered by operating cash flow (31.7%).

Interest Coverage: BOLS's interest payments on its debt are well covered by EBIT (3.9x coverage).


Balance Sheet


Next Steps

Dividend

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

4.12%

Forecast Dividend Yield


Dividend Yield vs Market

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

High Dividend: Unable to evaluate BOLS'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 BOLS's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: BOLS is not paying a notable dividend for the Dutch market.


Future Payout to Shareholders

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


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.6yrs

Average management tenure


CEO

Huub L. M. Van Doorne (62 yo)

no data

Tenure

€574,000

Compensation

Mr. Huub L. M. P. Van Doorne serves as the Chief Executive Officer of Lucas Bols B.V. and has been its Member of The Management Board since March 9, 2006. Mr. Van Doorne serves as Member of The Management ...


CEO Compensation Analysis

Compensation vs Market: Huub L. M.'s total compensation ($USD682.03K) is about average for companies of similar size in the Dutch market ($USD545.19K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Huub L. M. Van Doorne
CEO & Member of the Management Boardno data€574.00k6.06%
€ 6.4m
Frank Cocx
CFO & Member of Management Board0.42yrno datano data
A. Van Doorne
Creative & Communications Director14.83yrsno datano data
Tal Nadari
Managing Director of LB U.S.A.6.58yrsno datano data

6.6yrs

Average Tenure

52yo

Average Age

Experienced Management: BOLS's management team is seasoned and experienced (6.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
D. Graafland
Chairman of Supervisory Board0.33yr€26.25k0.068%
€ 72.2k
Marina Wyatt
Independent Member of Supervisory Board5.75yrs€35.00kno data
Alexandra Oldroyd
Independent Member of Supervisory Board4.17yrs€35.00kno data
Ralph Wisbrun
Independent Vice Chairman of the Supervisory Board2.17yrs€40.00kno data

3.2yrs

Average Tenure

59.5yo

Average Age

Experienced Board: BOLS's board of directors are considered experienced (3.2 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Lucas Bols N.V.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Lucas Bols N.V.
  • Ticker: BOLS
  • Exchange: ENXTAM
  • Founded: 1575
  • Industry: Distillers and Vintners
  • Sector: Food, Beverage & Tobacco
  • Market Cap: €106.057m
  • Shares outstanding: 12.48m
  • Website: https://www.lucasbols.com

Number of Employees


Location

  • Lucas Bols N.V.
  • Paulus Potterstraat 14
  • Amsterdam
  • Noord-Holland
  • 1071 CZ
  • Netherlands

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BOLSENXTAM (Euronext Amsterdam)YesOrdinary SharesNLEURFeb 2015
BOLSaBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURFeb 2015
LUADB (Deutsche Boerse AG)YesOrdinary SharesDEEURFeb 2015
0R6ELSE (London Stock Exchange)YesOrdinary SharesGBEURFeb 2015

Biography

Lucas Bols N.V. produces, distributes, and sells spirits products. The company has a portfolio of approximately 20 brands in a range of spirits products, including liqueurs, genever, gin, and vodka. Its pr...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/24 21:33
End of Day Share Price2020/11/24 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


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.