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BBED

Beter Bed Holding ENXTAM:BBED Stock Report

Last Price

€3.90

Market Cap

€106.0m

7D

0%

1Y

-33.3%

Updated

13 Aug, 2022

Data

Company Financials +
BBED fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance3/6
Financial Health6/6
Dividends3/6

BBED Stock Overview

Beter Bed Holding N.V. retails and wholesales bedroom furnishing products in the Netherlands and Belgium.

Beter Bed Holding Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Beter Bed Holding
Historical stock prices
Current Share Price€3.90
52 Week High€6.12
52 Week Low€3.41
Beta1.55
1 Month Change-2.99%
3 Month Change-20.24%
1 Year Change-33.33%
3 Year Change150.00%
5 Year Change-75.67%
Change since IPO-30.86%

Recent News & Updates

Shareholder Returns

BBEDNL Specialty RetailNL Market
7D0%3.2%0.8%
1Y-33.3%-22.0%-14.8%

Return vs Industry: BBED underperformed the Dutch Specialty Retail industry which returned -22% over the past year.

Return vs Market: BBED underperformed the Dutch Market which returned -14.8% over the past year.

Price Volatility

Is BBED's price volatile compared to industry and market?
BBED volatility
BBED Average Weekly Movement5.1%
Specialty Retail Industry Average Movement5.6%
Market Average Movement5.1%
10% most volatile stocks in NL Market8.1%
10% least volatile stocks in NL Market3.0%

Stable Share Price: BBED is not significantly more volatile than the rest of Dutch stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: BBED's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19811,000John Kruijssenhttps://www.beterbedholding.com

Beter Bed Holding N.V. retails and wholesales bedroom furnishing products in the Netherlands and Belgium. The company offers beds, box springs, mattresses, bed bases, and bed textiles, as well as home delivery services. It operates 135 retail stores under the Beter Bed and Beddenreus brand names.

Beter Bed Holding Fundamentals Summary

How do Beter Bed Holding's earnings and revenue compare to its market cap?
BBED fundamental statistics
Market Cap€106.03m
Earnings (TTM)€10.64m
Revenue (TTM)€229.39m

10.0x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BBED income statement (TTM)
Revenue€229.39m
Cost of Revenue€104.46m
Gross Profit€124.93m
Other Expenses€114.29m
Earnings€10.64m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Mar 10, 2023

Earnings per share (EPS)0.39
Gross Margin54.46%
Net Profit Margin4.64%
Debt/Equity Ratio0%

How did BBED perform over the long term?

See historical performance and comparison

Dividends

3.8%

Current Dividend Yield

38%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is BBED undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BBED?

Other financial metrics that can be useful for relative valuation.

BBED key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.6x
Enterprise Value/EBITDA8.2x
PEG Ratio1.9x

Price to Earnings Ratio vs Peers

How does BBED's PE Ratio compare to its peers?

BBED PE Ratio vs Peers
The above table shows the PE ratio for BBED vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average9.6x
BSGR B&S Group
11x18.6%€425.1m
CAFO Centrale d'Achat Française pour l'Outre-Mer Société Anonyme
5xn/a€97.9m
PBH PB Holding
12.6xn/a€17.1m
6195 Scan-D
9.9xn/aNT$2.5b
BBED Beter Bed Holding
10x5.2%€106.0m

Price-To-Earnings vs Peers: BBED is expensive based on its Price-To-Earnings Ratio (10x) compared to the peer average (9.6x).


Price to Earnings Ratio vs Industry

How does BBED's PE Ratio compare vs other companies in the European Specialty Retail Industry?

Price-To-Earnings vs Industry: BBED is good value based on its Price-To-Earnings Ratio (10x) compared to the European Specialty Retail industry average (11x)


Price to Earnings Ratio vs Fair Ratio

What is BBED's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BBED PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10x
Fair PE Ratio9.1x

Price-To-Earnings vs Fair Ratio: BBED is expensive based on its Price-To-Earnings Ratio (10x) compared to the estimated Fair Price-To-Earnings Ratio (9.1x).


Share Price vs Fair Value

What is the Fair Price of BBED when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BBED (€3.9) is trading below our estimate of fair value (€7.05)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Beter Bed Holding forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


5.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BBED's forecast earnings growth (5.2% per year) is above the savings rate (0.1%).

Earnings vs Market: BBED's earnings (5.2% per year) are forecast to grow faster than the Dutch market (4.5% per year).

High Growth Earnings: BBED's earnings are forecast to grow, but not significantly.

Revenue vs Market: BBED's revenue (2.8% per year) is forecast to grow slower than the Dutch market (7% per year).

High Growth Revenue: BBED's revenue (2.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BBED's Return on Equity is forecast to be high in 3 years time (20.3%)


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Past Performance

How has Beter Bed Holding performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-1.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BBED has high quality earnings.

Growing Profit Margin: BBED's current net profit margins (4.6%) are lower than last year (5%).


Past Earnings Growth Analysis

Earnings Trend: BBED's earnings have declined by 1.3% per year over the past 5 years.

Accelerating Growth: BBED's earnings growth over the past year (1.4%) exceeds its 5-year average (-1.3% per year).

Earnings vs Industry: BBED earnings growth over the past year (1.4%) underperformed the Specialty Retail industry 37%.


Return on Equity

High ROE: BBED's Return on Equity (35.1%) is considered high.


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Financial Health

How is Beter Bed Holding's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: BBED's short term assets (€62.3M) exceed its short term liabilities (€59.5M).

Long Term Liabilities: BBED's short term assets (€62.3M) exceed its long term liabilities (€32.0M).


Debt to Equity History and Analysis

Debt Level: BBED is debt free.

Reducing Debt: BBED has no debt compared to 5 years ago when its debt to equity ratio was 0.3%.

Debt Coverage: BBED has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: BBED has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Beter Bed Holding current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


3.85%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: BBED's dividend (3.85%) is higher than the bottom 25% of dividend payers in the Dutch market (2.17%).

High Dividend: BBED's dividend (3.85%) is low compared to the top 25% of dividend payers in the Dutch market (5.93%).


Stability and Growth of Payments

Stable Dividend: BBED's dividend payments have been volatile in the past 10 years.

Growing Dividend: BBED's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (38.4%), BBED's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (36.1%), BBED's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

3.0yrs

Average board tenure


CEO

John Kruijssen (57 yo)

4.33yrs

Tenure

€1,294,000

Compensation

Mr. A. J. G. P. M. Kruijssen, also known as John, has been the Chief Executive Officer and Member of Management Board at Beter Bed Holding NV since April 1, 2018 and also serves as Statutory Director since...


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD1.33M) is above average for companies of similar size in the Dutch market ($USD608.02K).

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


Board Members

Experienced Board: BBED's board of directors are not considered experienced ( 3 years average tenure), which suggests a new board.


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

Beter Bed Holding N.V.'s employee growth, exchange listings and data sources


Key Information

  • Name: Beter Bed Holding N.V.
  • Ticker: BBED
  • Exchange: ENXTAM
  • Founded: 1981
  • Industry: Homefurnishing Retail
  • Sector: Retail
  • Implied Market Cap: €106.028m
  • Shares outstanding: 27.19m
  • Website: https://www.beterbedholding.com

Number of Employees


Location

  • Beter Bed Holding N.V.
  • Linie 27
  • Uden
  • Noord-Brabant
  • 5405
  • Netherlands

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/13 00:00
End of Day Share Price2022/08/12 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.