WSE:BAH

Stock Analysis Report

British Automotive Holding

Executive Summary

British Automotive Holding S.A., through its subsidiaries, imports, distributes, and sells cars, spare parts, and accessories in Poland.


Snowflake Analysis

Fair value with imperfect balance sheet.

Share Price & News

How has British Automotive Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BAH's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-4.9%

BAH

-5.2%

PL Specialty Retail

-1.5%

PL Market


1 Year Return

-74.1%

BAH

-37.8%

PL Specialty Retail

-33.0%

PL Market

Return vs Industry: BAH underperformed the Polish Specialty Retail industry which returned -38.4% over the past year.

Return vs Market: BAH underperformed the Polish Market which returned -32.6% over the past year.


Shareholder returns

BAHIndustryMarket
7 Day-4.9%-5.2%-1.5%
30 Day-28.4%-26.9%-22.4%
90 Day-42.6%-27.8%-27.9%
1 Year-73.1%-74.1%-36.5%-37.8%-31.0%-33.0%
3 Year-93.6%-95.5%-50.5%-56.4%-32.5%-37.3%
5 Year-88.9%-92.3%-60.5%-68.4%-29.2%-38.2%

Price Volatility Vs. Market

How volatile is British Automotive Holding's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is British Automotive Holding 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: BAH (PLN0.58) is trading below our estimate of fair value (PLN40.08)

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


Price To Earnings Ratio

PE vs Industry: BAH is unprofitable, so we can't compare its PE Ratio to the Specialty Retail industry average.

PE vs Market: BAH 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 BAH's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BAH is good value based on its PB Ratio (0.6x) compared to the PL Specialty Retail industry average (1.1x).


Next Steps

Future Growth

How is British Automotive Holding forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.6%

Forecasted Retail industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as British Automotive Holding has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has British Automotive Holding performed over the past 5 years?

-12.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BAH is currently unprofitable.

Growing Profit Margin: BAH is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BAH is unprofitable, and losses have increased over the past 5 years at a rate of -12.3% per year.

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

Earnings vs Industry: BAH is unprofitable, making it difficult to compare its past year earnings growth to the Specialty Retail industry (2.9%).


Return on Equity

High ROE: BAH has a negative Return on Equity (-6.35%), as it is currently unprofitable.


Next Steps

Financial Health

How is British Automotive Holding's financial position?


Financial Position Analysis

Short Term Liabilities: BAH's short term assets (PLN433.8M) do not cover its short term liabilities (PLN488.4M).

Long Term Liabilities: BAH's short term assets (PLN433.8M) exceed its long term liabilities (PLN45.7M).


Debt to Equity History and Analysis

Debt Level: BAH's debt to equity ratio (393.2%) is considered high.

Reducing Debt: BAH's debt to equity ratio has increased from 104.8% to 393.2% over the past 5 years.


Balance Sheet

Inventory Level: BAH has a high level of physical assets or inventory.

Debt Coverage by Assets: BAH's debt is covered by short term assets (assets are 2.6x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: BAH has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: BAH has been profitable on average in the past, therefore cash runway is not a concern.


Next Steps

Dividend

What is British Automotive Holding's current dividend yield, its reliability and sustainability?

60.34%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BAH's dividend (60.34%) is higher than the bottom 25% of dividend payers in the Polish market (3.07%).

High Dividend: BAH's dividend (60.34%) is in the top 25% of dividend payers in the Polish market (8.97%)


Stability and Growth of Payments

Stable Dividend: BAH has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: BAH's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: BAH is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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


CEO

Mariusz Ksiazek

no data

Tenure

Mr. Mariusz Wojciech Ksiazek founded Marvipol S.A. serves as its President of Management Board. Mr. Ksiazek served as the Chief Executive Officer of Marvipol Spólka Akcyjna until January 22nd 2016. Mr. Ks ...


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

British Automotive Holding S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: British Automotive Holding S.A.
  • Ticker: BAH
  • Exchange: WSE
  • Founded: 1996
  • Industry: Automotive Retail
  • Sector: Retail
  • Market Cap: zł24.100m
  • Shares outstanding: 41.55m
  • Website: https://ba-holding.pl

Location

  • British Automotive Holding S.A.
  • ul. Prosta 32
  • Warsaw
  • 00-838
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BAHWSE (Warsaw Stock Exchange)YesCommon Bearer SharesPLPLNJun 2008
0LW8LSE (London Stock Exchange)YesCommon Bearer SharesGBPLNJun 2008

Biography

British Automotive Holding S.A., through its subsidiaries, imports, distributes, and sells cars, spare parts, and accessories in Poland. It offers cars of various brands, including Jaguar, Land Rover, and Aston Martin, as well as SsangYong; and repair services. The company was formerly known as Marvipol S.A. and changed its name to British Automotive Holding S.A. in December 2017. British Automotive Holding S.A. was founded in 1996 and is headquartered in Warsaw, Poland. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/27 22:31
End of Day Share Price2020/03/27 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.