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.


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

-4.2%

BSET

0.7%

US Consumer Durables

1.3%

US Market


1 Year Return

-31.1%

BSET

33.5%

US Consumer Durables

5.9%

US Market

Return vs Industry: BSET underperformed the US Consumer Durables industry which returned 33.5% over the past year.

Return vs Market: BSET underperformed the US Market which returned 5.9% over the past year.


Shareholder returns

BSETIndustryMarket
7 Day-4.2%0.7%1.3%
30 Day-5.8%0.3%-1.9%
90 Day10.2%4.8%-1.8%
1 Year-29.0%-31.1%35.3%33.5%8.3%5.9%
3 Year-35.0%-40.0%50.0%45.4%45.6%36.2%
5 Year-4.8%-15.8%38.9%30.4%66.1%47.9%

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

Valuation

Is Bassett Furniture Industries undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: BSET ($14.21) is trading below our estimate of fair value ($38)

Significantly Undervalued: BSET is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BSET is poor value based on its PE Ratio (29x) compared to the Consumer Durables industry average (13.2x).

PE vs Market: BSET is poor value based on its PE Ratio (29x) compared to the US market (17.5x).


Price to Earnings Growth Ratio

Low PEG Ratio: BSET is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: BSET is good value based on its PB Ratio (0.8x) compared to the US Consumer Durables industry average (1.6x).


Next Steps

Future Growth

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

46.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BSET's forecast earnings growth (46.3% per year) is above the savings rate (2.7%).

Earnings vs Market: BSET's earnings (46.3% per year) are forecast to grow faster than the US market (14.4% per year).

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

Revenue vs Market: BSET's revenue (1.3% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: BSET's revenue (1.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: BSET's Return on Equity is forecast to be low in 3 years time (6.3%).


Next Steps

Past Performance

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

-8.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: BSET's earnings have declined by -8.6% per year over the past 5 years.

Accelerating Growth: BSET's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BSET had negative earnings growth (-54%) over the past year, making it difficult to compare to the Consumer Durables industry average (13.5%).


Return on Equity

High ROE: BSET's Return on Equity (2.8%) is considered low.


Return on Assets

ROA vs Industry: BSET's Return on Assets is below or equal to the Consumer Durables industry average last year.


Return on Capital Employed

ROCE Improving: BSET's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Bassett Furniture Industries's financial position?


Financial Position Analysis

Short Term Liabilities: BSET's short term assets ($131.8M) exceeds its short term liabilities ($65.7M)

Long Term Liabilities: BSET's short term assets (131.8M) exceeds its long term liabilities (25.8M)


Debt to Equity History and Analysis

Debt Level: BSET is debt free.

Reducing Debt: BSET has no debt compared to 5 years ago when its debt to equity ratio was 1.6%.

Debt Coverage: BSET has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: BSET has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if BSET's debt is covered by short term assets.


Next Steps

Dividend

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

3.52%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Bassett Furniture Industries before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company3.5%marketbottom25%1.5%markettop25%3.8%industryaverage2.0%forecastin3Years3.7%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: BSET's dividend (3.52%) is higher than the bottom 25% of dividend payers in the US market (1.47%).

High Dividend: BSET's dividend (3.52%) is low compared to the top 25% of dividend payers in the US market (3.77%).

Stable Dividend: BSET's dividend payments have been volatile in the past 10 years.

Growing Dividend: BSET's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (102%), BSET's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BSET's dividends in 3 years are forecast to be well covered by earnings (44.9% payout ratio).


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?

8.8yrs

Average management tenure


CEO

Robert Spilman (63yo)

19.8yrs

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

Compensation vs. Market: Robert's total compensation ($USD1.01M) is above average for companies of similar size in the US market ($USD495.77K).

Compensation vs Earnings: Robert's compensation has been consistent with company performance over the past year.


Management Age and Tenure

8.8yrs

Average Tenure

60.5yo

Average Age

Experienced Management: BSET's management team is seasoned and experienced (8.8 years average tenure).


Board Age and Tenure

3.6yrs

Average Tenure

63yo

Average Age

Experienced Board: BSET's board of directors are considered experienced (3.6 years average tenure).


Insider Trading

Insider Buying: BSET insiders have bought more shares than they have sold in the past 3 months.


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

Ownership Breakdown


Management Team

  • John Bassett (60yo)

    Senior Vice President of Wood

    • Tenure: 10.8yrs
    • Compensation: US$334.64k
  • Jay Hervey (59yo)

    VP, General Counsel & Secretary

    • Tenure: 22.8yrs
  • Robert Spilman (63yo)

    President

    • Tenure: 19.8yrs
    • Compensation: US$1.01m
  • Mark Jordan (65yo)

    Senior Vice President of Upholstery

    • Tenure: 10.8yrs
    • Compensation: US$331.60k
  • Jay Moore

    Director of Communications

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

    Senior Vice President of Sales & Merchandising

    • Tenure: 6.8yrs
    • Compensation: US$509.04k
  • J. Daniel (57yo)

    SVP & CFO

    • Tenure: 6.8yrs
    • Compensation: US$338.95k
  • Jack Hawn (65yo)

    Senior Vice President

    • Tenure: 4.8yrs
    • Compensation: US$350.64k
  • David Baker (58yo)

    Senior Vice President of Corporate Retail

    • Tenure: 4.8yrs
  • Peter Morrison

    Vice President of Communications

    • Tenure: 0yrs

Board Members

  • John Belk (60yo)

    Independent Director

    • Tenure: 3.3yrs
    • Compensation: US$74.99k
  • Bill Warden (66yo)

    Lead Independent Director

    • Tenure: 3.6yrs
    • Compensation: US$89.99k
  • Paul Fulton (84yo)

    Chairman Emeritus

    • Tenure: 3.6yrs
    • Compensation: US$24.99k
  • George Henderson (70yo)

    Independent Director

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

    President

    • Tenure: 19.8yrs
    • Compensation: US$1.01m
  • Kristina Cashman (52yo)

    Independent Director

    • Tenure: 12.8yrs
    • Compensation: US$84.99k
  • William Wampler (59yo)

    Independent Director

    • Tenure: 15.1yrs
    • Compensation: US$79.99k
  • John McDowell (68yo)

    Independent Director

    • Tenure: 8.8yrs
    • Compensation: US$74.99k
  • Virginia Hamlet (56yo)

    Director

    • Tenure: 1.6yrs
    • 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$143.666m
  • Shares outstanding: 10.11m
  • 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 Analysis2019/10/14 23:31
End of Day Share Price2019/10/14 00:00
Earnings2019/08/31
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.