WSE:BFT

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Market Cap

zł2.5b

Last Updated

2021/06/14 17:22 UTC

Data Sources

Company Financials +

Executive Summary

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


Snowflake Analysis

Reasonable growth potential and slightly overvalued.

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 is not significantly more volatile than the rest of Polish stocks over the past 3 months, typically moving +/- 5% a week.

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


Market Performance


7 Day Return

-4.1%

BFT

-0.9%

PL Professional Services

-1.2%

PL Market


1 Year Return

14.5%

BFT

6.7%

PL Professional Services

33.7%

PL Market

Return vs Industry: BFT exceeded the Polish Professional Services industry which returned 6.7% over the past year.

Return vs Market: BFT underperformed the Polish Market which returned 33.6% over the past year.


Shareholder returns

BFTIndustryMarket
7 Day-4.1%-0.9%-1.2%
30 Day1.2%-0.4%5.5%
90 Day9.6%5.7%8.5%
1 Year14.5%14.5%6.9%6.7%35.4%33.7%
3 Year-18.4%-18.4%-20.6%-20.8%16.1%9.6%
5 Year68.8%68.8%53.7%52.6%42.3%27.3%

Long-Term 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?

23.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BFT (PLN900) is trading below our estimate of fair value (PLN1184.09)

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


Price To Earnings Ratio

PE vs Industry: BFT is unprofitable, so we can't compare its PE Ratio to the Polish Professional Services industry average.

PE vs Market: BFT is unprofitable, so we can't compare its PE Ratio to the Polish market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BFT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BFT is overvalued based on its PB Ratio (5.3x) compared to the PL Professional Services industry average (3.2x).


Future Growth

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

117.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BFT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.6%).

Earnings vs Market: BFT is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: BFT's is expected to become profitable in the next 3 years.

Revenue vs Market: BFT's revenue (14.2% per year) is forecast to grow faster than the Polish market (6.9% per year).

High Growth Revenue: BFT's revenue (14.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if BFT's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Benefit Systems performed over the past 5 years?

-24.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BFT is currently unprofitable.

Growing Profit Margin: BFT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BFT is unprofitable, and losses have increased over the past 5 years at a rate of 24.2% per year.

Accelerating Growth: Unable to compare BFT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BFT is unprofitable, making it difficult to compare its past year earnings growth to the Professional Services industry (53.9%).


Return on Equity

High ROE: BFT has a negative Return on Equity (-31.79%), as it is currently unprofitable.


Financial Health

How is Benefit Systems's financial position?


Financial Position Analysis

Short Term Liabilities: BFT's short term assets (PLN327.3M) do not cover its short term liabilities (PLN512.8M).

Long Term Liabilities: BFT's short term assets (PLN327.3M) do not cover its long term liabilities (PLN935.8M).


Debt to Equity History and Analysis

Debt Level: BFT's debt to equity ratio (52.8%) is considered high.

Reducing Debt: BFT's debt to equity ratio has increased from 34.3% to 52.8% over the past 5 years.

Debt Coverage: BFT's debt is well covered by operating cash flow (57.1%).

Interest Coverage: Insufficient data to determine if BFT's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

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

2.77%

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: BFT insiders have only sold shares in the past 3 months.


Recent Insider Transactions

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: zł2.499b
  • Shares outstanding: 2.78m
  • Website: https://www.benefitsystems.pl

Number of Employees


Location

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

Listings


Biography

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...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/14 17:22
End of Day Share Price2021/06/14 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.