BNET Stock Overview
Bittnet Systems SA provides IT integration and training services in Romania.
Price History & Performance
|Historical stock prices|
|Current Share Price||RON0.33|
|52 Week High||RON0.43|
|52 Week Low||RON0.27|
|1 Month Change||3.45%|
|3 Month Change||-7.30%|
|1 Year Change||-23.67%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||-26.83%|
Recent News & Updates
Here's Why Bittnet Systems (BVB:BNET) Can Manage Its Debt Responsibly
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
There Are Some Reasons To Suggest That Bittnet Systems' (BVB:BNET) Earnings A Poor Reflection Of Profitability
Shareholders didn't seem to be thrilled with Bittnet Systems SA's ( BVB:BNET ) recent earnings report, despite healthy...
|BNET||RO IT||RO Market|
Return vs Industry: BNET underperformed the RO IT industry which returned -16.9% over the past year.
Return vs Market: BNET underperformed the RO Market which returned 5.5% over the past year.
|BNET Average Weekly Movement||5.5%|
|IT Industry Average Movement||6.5%|
|Market Average Movement||6.3%|
|10% most volatile stocks in RO Market||10.6%|
|10% least volatile stocks in RO Market||4.1%|
Stable Share Price: BNET is not significantly more volatile than the rest of RO stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: BNET's weekly volatility (6%) has been stable over the past year.
About the Company
|2007||150||Mihai Alexandru Logofatu||https://www.bittnet.ro|
Bittnet Systems SA provides IT integration and training services in Romania. The company operates in two divisions, Education and Technology. It offers various IT training services, such as project management, IT services management, business intelligence, CRM, enterprise resource planning (ERP), Agile, etc., as well as a range of IT courses.
Bittnet Systems Fundamentals Summary
|BNET fundamental statistics|
Is BNET overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|BNET income statement (TTM)|
|Cost of Revenue||RON88.11m|
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
|Earnings per share (EPS)||0.029|
|Net Profit Margin||12.17%|
How did BNET perform over the long term?See historical performance and comparison
Is Bittnet Systems undervalued compared to its fair value and its price relative to the market?
Valuation Score 4/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BNET (RON0.33) is trading below our estimate of fair value (RON0.38)
Significantly Below Fair Value: BNET is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: BNET is good value based on its PE Ratio (11.6x) compared to the European IT industry average (20x).
PE vs Market: BNET is good value based on its PE Ratio (11.6x) compared to the RO market (12.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BNET's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BNET is good value based on its PB Ratio (3x) compared to the XE IT industry average (3.3x).
How is Bittnet Systems forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if BNET's forecast earnings growth is above the savings rate (1.1%).
Earnings vs Market: Insufficient data to determine if BNET's earnings are forecast to grow faster than the RO market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BNET's revenue (16.5% per year) is forecast to grow faster than the RO market (3.3% per year).
High Growth Revenue: BNET's revenue (16.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BNET's Return on Equity is forecast to be low in 3 years time (15.5%).
How has Bittnet Systems performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BNET has a high level of non-cash earnings.
Growing Profit Margin: BNET's current net profit margins (12.2%) are higher than last year (0.8%).
Past Earnings Growth Analysis
Earnings Trend: BNET's earnings have grown significantly by 29.2% per year over the past 5 years.
Accelerating Growth: BNET's earnings growth over the past year (1430.5%) exceeds its 5-year average (29.2% per year).
Earnings vs Industry: BNET earnings growth over the past year (1430.5%) exceeded the IT industry 23.7%.
Return on Equity
High ROE: BNET's Return on Equity (26.1%) is considered high.
How is Bittnet Systems's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: BNET's short term assets (RON80.0M) exceed its short term liabilities (RON47.1M).
Long Term Liabilities: BNET's short term assets (RON80.0M) exceed its long term liabilities (RON31.6M).
Debt to Equity History and Analysis
Debt Level: BNET has more cash than its total debt.
Reducing Debt: Insufficient data to determine if BNET's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: BNET's debt is not well covered by operating cash flow (12.1%).
Interest Coverage: BNET earns more interest than it pays, so coverage of interest payments is not a concern.
What is Bittnet Systems's current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Future Dividend Coverage
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate BNET's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate BNET'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 BNET's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if BNET's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as BNET has not reported any payouts.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mihai Alexandru Logofatu (37 yo)
Mr. Mihai Alexandru Constantin Logofatu is the Founder at Bittnet Systems SA and has been its Chief Executive Officer since 2007 and has been President of the board. Mr. Logofatu is Manager of Academia Cre...
Experienced Management: BNET's management team is considered experienced (3.8 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Bittnet Systems SA's employee growth, exchange listings and data sources
- Name: Bittnet Systems SA
- Ticker: BNET
- Exchange: BVB
- Founded: 2007
- Industry: IT Consulting and Other Services
- Sector: Software
- Implied Market Cap: RON152.058m
- Shares outstanding: 480.44m
- Website: https://www.bittnet.ro
Number of Employees
- Bittnet Systems SA
- Plaza Romania Offices Building
- 1st Floor
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/10 00:00|
|End of Day Share Price||2022/05/10 00:00|
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.