WSE:BFT

Stock Analysis Report

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Executive Summary

Benefit Systems S.A. develops employee benefits programs in the areas of sport and leisure, culture, entertainment, and tourism in Poland, the Czech Republic, Slovakia, Bulgaria, and Croatia. More Details


Snowflake Analysis

Reasonable growth potential with adequate balance sheet.

Share Price & News

How has Benefit Systems's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BFT has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

2.1%

BFT

0.3%

PL Professional Services

-1.5%

PL Market


1 Year Return

11.5%

BFT

10.8%

PL Professional Services

-12.7%

PL Market

Return vs Industry: BFT matched the Polish Professional Services industry which returned 10.8% over the past year.

Return vs Market: BFT exceeded the Polish Market which returned -12.7% over the past year.


Shareholder returns

BFTIndustryMarket
7 Day2.1%0.3%-1.5%
30 Day-0.2%-1.1%-4.6%
90 Day12.4%12.7%-1.4%
1 Year11.5%11.5%11.0%10.8%-11.9%-12.7%
3 Year-16.7%-16.7%-25.6%-25.8%-23.6%-28.3%
5 Year96.6%96.6%4.8%1.6%-8.0%-18.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Benefit Systems undervalued compared to its fair value and its price relative to the market?

216.03x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BFT (PLN816) is trading above our estimate of fair value (PLN736.3)

Significantly Below Fair Value: BFT is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BFT is poor value based on its PE Ratio (216x) compared to the PL Professional Services industry average (16.8x).

PE vs Market: BFT is poor value based on its PE Ratio (216x) compared to the Polish market (12.8x).


Price to Earnings Growth Ratio

PEG Ratio: BFT is poor value based on its PEG Ratio (3.1x)


Price to Book Ratio

PB vs Industry: BFT is overvalued based on its PB Ratio (3.9x) compared to the PL Professional Services industry average (1.8x).


Next Steps

Future Growth

How is Benefit Systems forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

68.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BFT's forecast earnings growth (68.8% per year) is above the savings rate (2.9%).

Earnings vs Market: BFT's earnings (68.8% per year) are forecast to grow faster than the Polish market (14.7% per year).

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

Revenue vs Market: BFT's revenue (15.4% per year) is forecast to grow faster than the Polish market (3.8% per year).

High Growth Revenue: BFT's revenue (15.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BFT's Return on Equity is forecast to be low in 3 years time (17.9%).


Next Steps

Past Performance

How has Benefit Systems performed over the past 5 years?

11.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BFT has high quality earnings.

Growing Profit Margin: BFT's current net profit margins (0.8%) are lower than last year (9.2%).


Past Earnings Growth Analysis

Earnings Trend: BFT's earnings have grown by 11.5% per year over the past 5 years.

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

Earnings vs Industry: BFT had negative earnings growth (-91.7%) over the past year, making it difficult to compare to the Professional Services industry average (-8.1%).


Return on Equity

High ROE: BFT's Return on Equity (2.2%) is considered low.


Next Steps

Financial Health

How is Benefit Systems's financial position?


Financial Position Analysis

Short Term Liabilities: BFT's short term assets (PLN293.0M) do not cover its short term liabilities (PLN487.2M).

Long Term Liabilities: BFT's short term assets (PLN293.0M) do not cover its long term liabilities (PLN949.6M).


Debt to Equity History and Analysis

Debt Level: BFT's debt to equity ratio (32.2%) is considered satisfactory.

Reducing Debt: BFT's debt to equity ratio has reduced from 36.1% to 32.2% over the past 5 years.

Debt Coverage: BFT's debt is well covered by operating cash flow (201.2%).

Interest Coverage: BFT's interest payments on its debt are well covered by EBIT (5.3x coverage).


Balance Sheet


Next Steps

Dividend

What is Benefit Systems's current dividend yield, its reliability and sustainability?

1.31%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: BFT is not paying a notable dividend for the Polish market.


Future Payout to Shareholders

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


Next Steps

Management

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


CEO

Benefit Systems has no CEO, or we have no data on them.


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

Benefit Systems S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Benefit Systems S.A.
  • Ticker: BFT
  • Exchange: WSE
  • Founded: 2000
  • Industry: Human Resource and Employment Services
  • Sector: Commercial Services
  • Market Cap: zł2.237b
  • Shares outstanding: 2.74m
  • Website: https://www.benefitsystems.pl

Location

  • Benefit Systems S.A.
  • Plac Europejski 2
  • Warsaw
  • 00-844
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BFTWSE (Warsaw Stock Exchange)YesBearer SharesPLPLNApr 2011
0Q3JLSE (London Stock Exchange)YesBearer SharesGBPLNApr 2011

Biography

Benefit Systems S.A. develops employee benefits programs in the areas of sport and leisure, culture, entertainment, and tourism in Poland, the Czech Republic, Slovakia, Bulgaria, and Croatia. Its programs ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/19 04:17
End of Day Share Price2020/09/18 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.