company background image
BFT

Benefit Systems WSE:BFT Stock Report

Last Price

zł463.00

Market Cap

zł1.4b

7D

-6.7%

1Y

-48.5%

Updated

27 Jun, 2022

Data

Company Financials +
BFT fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance2/6
Financial Health4/6
Dividends0/6

BFT Stock Overview

Benefit Systems S.A. provides non-wage employee benefits solutions in Poland and internationally.

Benefit Systems Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Benefit Systems
Historical stock prices
Current Share Pricezł463.00
52 Week Highzł908.00
52 Week Lowzł462.00
Beta1.16
1 Month Change-19.34%
3 Month Change-19.20%
1 Year Change-48.50%
3 Year Change-28.77%
5 Year Change-57.90%
Change since IPO279.51%

Recent News & Updates

Jun 15
Investors Could Be Concerned With Benefit Systems' (WSE:BFT) Returns On Capital

Investors Could Be Concerned With Benefit Systems' (WSE:BFT) Returns On Capital

If you're looking for a multi-bagger, there's a few things to keep an eye out for. One common approach is to try and...

Shareholder Returns

BFTPL Professional ServicesPL Market
7D-6.7%-10.6%0.6%
1Y-48.5%-50.3%-23.8%

Return vs Industry: BFT exceeded the Polish Professional Services industry which returned -50.3% over the past year.

Return vs Market: BFT underperformed the Polish Market which returned -23.8% over the past year.

Price Volatility

Is BFT's price volatile compared to industry and market?
BFT volatility
BFT Average Weekly Movement6.5%
Professional Services Industry Average Movement5.1%
Market Average Movement6.3%
10% most volatile stocks in PL Market11.6%
10% least volatile stocks in PL Market4.2%

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

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

About the Company

FoundedEmployeesCEOWebsite
2000861n/ahttps://www.benefitsystems.pl

Benefit Systems S.A. provides non-wage employee benefits solutions in Poland and internationally. The company offers its solutions for sports and recreation, such as multisport card, fitprofit, and fitness network; and culture and entertainment, including cinema program, MultiBilet, MultiTeatr, and multi-museum. It also provides non-wage incentives through cafeteria platforms comprising MyBenefit and BenefitLunch.

Benefit Systems Fundamentals Summary

How do Benefit Systems's earnings and revenue compare to its market cap?
BFT fundamental statistics
Market Capzł1.36b
Earnings (TTM)zł31.88m
Revenue (TTM)zł1.26b

42.6x

P/E Ratio

1.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BFT income statement (TTM)
Revenuezł1.26b
Cost of Revenuezł958.79m
Gross Profitzł299.47m
Other Expenseszł267.59m
Earningszł31.88m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 17, 2022

Earnings per share (EPS)10.87
Gross Margin23.80%
Net Profit Margin2.53%
Debt/Equity Ratio32.6%

How did BFT perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is BFT 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

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

BFT 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/Revenue1.8x
Enterprise Value/EBITDA16x
PEG Ratio1x

Price to Earnings Ratio vs Peers

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

BFT PE Ratio vs Peers
The above table shows the PE ratio for BFT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average71.2x
MMC MM Conferences
28.1xn/azł13.5m
HRC Grupa HRC Spolka Akcyjna
47.9xn/azł7.4m
ABK Abak
9.7xn/azł7.9m
EEE Beskidzkie Biuro Consultingowe Sp. z o.o
204.6xn/azł213.7m
BFT Benefit Systems
42.6x42.5%zł1.4b

Price-To-Earnings vs Peers: BFT is good value based on its Price-To-Earnings Ratio (42.6x) compared to the peer average (71.2x).


Price to Earnings Ratio vs Industry

How does BFT's PE Ratio compare vs other companies in the European Professional Services Industry?

Price-To-Earnings vs Industry: BFT is expensive based on its Price-To-Earnings Ratio (42.6x) compared to the Polish Professional Services industry average (26.6x)


Price to Earnings Ratio vs Fair Ratio

What is BFT'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.

BFT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio42.6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate BFT's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: BFT (PLN463) is trading below our estimate of fair value (PLN1086.55)

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


Price to Earnings Growth Ratio

PEG Ratio: BFT is poor value based on its PEG Ratio (1x)


Discover undervalued companies

Future Growth

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

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


42.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BFT's forecast earnings growth (42.5% per year) is above the savings rate (2.5%).

Earnings vs Market: BFT's earnings (42.5% per year) are forecast to grow faster than the Polish market (6.5% per year).

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

Revenue vs Market: BFT's revenue (16% per year) is forecast to grow faster than the Polish market (4.9% per year).

High Growth Revenue: BFT's revenue (16% 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 (17.4%).


Discover growth companies

Past Performance

How has Benefit Systems performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-46.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BFT has high quality earnings.

Growing Profit Margin: BFT became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: BFT's earnings have declined by 46.2% per year over the past 5 years.

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

Earnings vs Industry: BFT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Professional Services industry (26.8%).


Return on Equity

High ROE: BFT's Return on Equity (5.7%) is considered low.


Discover strong past performing companies

Financial Health

How is Benefit Systems's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: BFT's short term assets (PLN345.3M) do not cover its short term liabilities (PLN579.7M).

Long Term Liabilities: BFT's short term assets (PLN345.3M) do not cover its long term liabilities (PLN861.4M).


Debt to Equity History and Analysis

Debt Level: BFT has more cash than its total debt.

Reducing Debt: BFT's debt to equity ratio has reduced from 48.3% to 32.6% over the past 5 years.

Debt Coverage: BFT's debt is well covered by operating cash flow (141.2%).

Interest Coverage: BFT's interest payments on its debt are well covered by EBIT (4.1x coverage).


Balance Sheet


Discover healthy companies

Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


4.17%

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.


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as BFT has not reported any payouts.


Discover strong dividend paying companies

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 been diluted in the past year, with total shares outstanding growing by 5.7%.


Top Shareholders

Company Information

Benefit Systems S.A.'s 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
  • Implied Market Cap: zł1.358b
  • Shares outstanding: 2.93m
  • Website: https://www.benefitsystems.pl

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/27 00:00
End of Day Share Price2022/06/27 00:00
Earnings2022/03/31
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.