NasdaqGS:BSET

Stock Analysis Report

Executive Summary

Bassett Furniture Industries, Incorporated manufactures, markets, and retails home furnishings in the United States and internationally.

Snowflake

Fundamentals

Flawless balance sheet and good value.

Risks

  • Bassett Furniture Industries is covered by less than 3 analysts.

Similar Companies

Share Price & News

How has Bassett Furniture Industries's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.7%

BSET

-1.3%

US Consumer Durables

-0.6%

US Market


1 Year Return

-25.4%

BSET

12.7%

US Consumer Durables

0.6%

US Market

BSET underperformed the Consumer Durables industry which returned 14.8% over the past year.

BSET underperformed the Market in United States of America which returned 1.1% over the past year.


Share holder returns

BSETIndustryMarket
7 Day0.7%-1.3%-0.6%
30 Day22.6%1.4%2.2%
90 Day5.7%4.4%1.1%
1 Year-23.1%-25.4%14.2%12.7%2.9%0.6%
3 Year-34.6%-39.6%44.2%39.8%44.6%35.2%
5 Year24.1%9.8%37.1%28.6%61.9%44.2%

Price Volatility Vs. Market

How volatile is Bassett Furniture Industries's share price compared to the market and industry in the last 5 years?


Simply Wall St News

14 hours ago | Simply Wall St

Bassett Furniture Industries, Incorporated (NASDAQ:BSET) Might Not Be A Great Investment

Valuation

Is Bassett Furniture Industries undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Bassett Furniture Industries's share price is below the future cash flow value, and at a moderate discount (> 20%).

Bassett Furniture Industries's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Bassett Furniture Industries is overvalued based on earnings compared to the US Consumer Durables industry average.

Bassett Furniture Industries is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Bassett Furniture Industries is good value based on expected growth next year.


Price Based on Value of Assets

Bassett Furniture Industries is good value based on assets compared to the US Consumer Durables industry average.


Next Steps

Future Growth

How is Bassett Furniture Industries expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

66.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Bassett Furniture Industries's revenue is expected to grow by 2.5% yearly, however this is not considered high growth (20% yearly).

Bassett Furniture Industries's earnings are expected to grow significantly at over 20% yearly.

Bassett Furniture Industries's revenue growth is positive but not above the United States of America market average.

Bassett Furniture Industries's earnings growth is expected to exceed the United States of America market average.

Bassett Furniture Industries's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Bassett Furniture Industries will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Bassett Furniture Industries performed over the past 5 years?

-1.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Bassett Furniture Industries's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

Bassett Furniture Industries's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Bassett Furniture Industries's 1-year earnings growth is negative, it can't be compared to the US Consumer Durables industry average.


Return on Equity

Bassett Furniture Industries has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Bassett Furniture Industries used its assets less efficiently than the US Consumer Durables industry average last year based on Return on Assets.


Return on Capital Employed

Bassett Furniture Industries's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Bassett Furniture Industries's financial position?


Financial Position Analysis

Bassett Furniture Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Bassett Furniture Industries's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Bassett Furniture Industries's level of debt (0%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (1.7% vs 0% today).

Debt is well covered by operating cash flow (27051.4%, greater than 20% of total debt).

Bassett Furniture Industries earns more interest than it pays, coverage of interest payments is not a concern.


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1895.8x debt.


Next Steps

Dividend

What is Bassett Furniture Industries's current dividend yield, its reliability and sustainability?

3.36%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Bassett Furniture Industries's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).

Bassett Furniture Industries's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.1x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Bassett Furniture Industries's salary, the management and board of directors tenure and is there insider trading?

8.7yrs

Average management tenure


CEO

Robert Spilman (63yo)

19.7yrs

Tenure

US$1,005,160

Compensation

Mr. Robert H. Spilman, Jr., also known as Rob, has been President and Chief Executive Officer of Bassett Furniture Industries, Incorporated since March 2000. He has been with Bassett Furniture Industries I ...


CEO Compensation Analysis

Robert's remuneration is about average for companies of similar size in United States of America.

Robert's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

8.7yrs

Average Tenure

60.5yo

Average Age

The average tenure for the Bassett Furniture Industries management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

3.5yrs

Average Tenure

63yo

Average Age

The tenure for the Bassett Furniture Industries board of directors is about average.


Insider Trading

More shares have been bought than sold by Bassett Furniture Industries individual insiders in the past 3 months, but not in substantial volumes.


Recent Insider Transactions

BuyUS$23,80016 Aug 19
Robert Spilman
EntityIndividual
Role
Chief Executive Officer
President
Shares2,000
Max PriceUS$11.90
SellUS$2,82016 Jul 19
Gabelli & Company Investment Advisers, Inc.
EntityCompany
Shares200
Max PriceUS$14.10
BuyUS$120,50816 Jul 19
Teton Advisors, Inc
EntityCompany
Shares8,000
Max PriceUS$16.18
SellUS$79,21516 Jul 19
Teton Advisors, Inc
EntityCompany
Shares6,000
Max PriceUS$13.20
BuyUS$22,12716 Jul 19
GAMCO Investors, Inc.
EntityCompany
Shares66,025
Max PriceUS$16.67
SellUS$418,06616 Jul 19
GAMCO Investors, Inc.
EntityCompany
Shares66,300
Max PriceUS$16.59
BuyUS$8,81822 Apr 19
Robert Spilman
EntityIndividual
Role
Chief Executive Officer
President
Shares519
Max PriceUS$16.99
SellUS$15,62512 Apr 19
Mark Jordan
EntityIndividual
Role
Senior Key Executive
Senior Vice President of Upholstery
Shares910
Max PriceUS$17.17
BuyUS$85,50208 Apr 19
William Warden
EntityIndividual
Role
Lead Director
Lead Independent Director
Shares5,000
Max PriceUS$17.10
BuyUS$314,85016 Oct 18
John Belk
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares15,000
Max PriceUS$20.99

Ownership Breakdown


Management Team

  • John Bassett (60yo)

    Senior Vice President of Wood

    • Tenure: 10.7yrs
    • Compensation: US$334.64k
  • Jay Hervey (59yo)

    VP, General Counsel & Secretary

    • Tenure: 22.7yrs
  • Robert Spilman (63yo)

    President

    • Tenure: 19.7yrs
    • Compensation: US$1.01m
  • Mark Jordan (65yo)

    Senior Vice President of Upholstery

    • Tenure: 10.7yrs
    • Compensation: US$331.60k
  • Jay Moore

    Director of Communications

    • Tenure: 0yrs
  • Bruce Cohenour (61yo)

    Senior Vice President of Sales & Merchandising

    • Tenure: 6.7yrs
    • Compensation: US$509.04k
  • J. Daniel (57yo)

    SVP & CFO

    • Tenure: 6.7yrs
    • Compensation: US$338.95k
  • Jack Hawn (65yo)

    Senior Vice President

    • Tenure: 4.7yrs
    • Compensation: US$350.64k
  • David Baker (58yo)

    Senior Vice President of Corporate Retail

    • Tenure: 4.7yrs
  • Peter Morrison

    Vice President of Communications

    • Tenure: 0yrs

Board Members

  • John Belk (60yo)

    Independent Director

    • Tenure: 3.2yrs
    • Compensation: US$74.99k
  • Bill Warden (66yo)

    Lead Independent Director

    • Tenure: 3.5yrs
    • Compensation: US$89.99k
  • Paul Fulton (84yo)

    Chairman Emeritus

    • Tenure: 3.5yrs
    • Compensation: US$24.99k
  • George Henderson (70yo)

    Independent Director

    • Tenure: 14.8yrs
    • Compensation: US$74.99k
  • Robert Spilman (63yo)

    President

    • Tenure: 19.7yrs
    • Compensation: US$1.01m
  • Kristina Cashman (52yo)

    Independent Director

    • Tenure: 12.7yrs
    • Compensation: US$84.99k
  • William Wampler (59yo)

    Independent Director

    • Tenure: 15yrs
    • Compensation: US$79.99k
  • John McDowell (68yo)

    Independent Director

    • Tenure: 8.7yrs
    • Compensation: US$74.99k
  • Virginia Hamlet (56yo)

    Director

    • Tenure: 1.5yrs
    • Compensation: US$74.99k

Company Information

Bassett Furniture Industries, Incorporated's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bassett Furniture Industries, Incorporated
  • Ticker: BSET
  • Exchange: NasdaqGS
  • Founded: 1902
  • Industry: Home Furnishings
  • Sector: Consumer Durables
  • Market Cap: US$158.124m
  • Shares outstanding: 10.41m
  • Website: https://www.bassettfurniture.com

Number of Employees


Location

  • Bassett Furniture Industries, Incorporated
  • 3525 Fairystone Park Highway
  • Bassett
  • Virginia
  • 24055
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BSETNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJan 1969

Biography

Bassett Furniture Industries, Incorporated manufactures, markets, and retails home furnishings in the United States and internationally. It operates in three segments: Wholesale, Retail, and Logistical Ser ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/20 23:33
End of Day Share Price2019/09/20 00:00
Earnings2019/06/01
Annual Earnings2018/11/24


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.