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Bénéteau

OTCPK:BTEA.F
Snowflake Description

Excellent balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BTEA.F
OTCPK
€1B
Market Cap
  1. Home
  2. US
  3. Consumer Durables
Company description

Bénéteau S.A. designs, manufactures, and sells boats and mobile homes in France and internationally. The last earnings update was 29 days ago. More info.


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BTEA.F Share Price and Events
7 Day Returns
0%
OTCPK:BTEA.F
4.5%
US Leisure
1.7%
US Market
1 Year Returns
-
OTCPK:BTEA.F
0.3%
US Leisure
5.7%
US Market
BTEA.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bénéteau (BTEA.F) 0% 0% - - - -
US Leisure 4.5% 4.6% -8.8% 0.3% 25.7% 48.3%
US Market 1.7% 1.6% -7.9% 5.7% 47.9% 89.3%
1 Year Return vs Industry and Market
  • No trading data on BTEA.F.
  • No trading data on BTEA.F.
Price Volatility
BTEA.F
Industry
5yr Volatility vs Market
Related Companies

BTEA.F Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Bénéteau to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Bénéteau.

OTCPK:BTEA.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.9%
Perpetual Growth Rate 10-Year US Government Bond Rate 3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:BTEA.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 3%
Equity Risk Premium S&P Global 7.1%
Leisure Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.92 (1 + (1- 33%) (9.91%))
0.981
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.98
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.95% + (0.981 * 7.05%)
9.86%

Discounted Cash Flow Calculation for OTCPK:BTEA.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Bénéteau is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:BTEA.F DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (EUR, Millions) 67.34 81.78 69.00 76.65 85.14
Source Analyst x5 Analyst x6 Analyst x1 Est @ 11.08% Est @ 11.08%
Present Value
Discounted (@ 9.86%)
61.29 67.76 52.03 52.61 53.20
Present value of next 5 years cash flows €286.90
OTCPK:BTEA.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= €85.14 × (1 + 2.95%) ÷ (9.86% – 2.95%)
€1,267.92
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= €1,267.92 ÷ (1 + 9.86%)5
€792.19
OTCPK:BTEA.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= €286.90 + €792.19
€1,079.09
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €1,079.09 / 81.73
€16.15
OTCPK:BTEA.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:BTEA.F represents 1.22348x of ENXTPA:BEN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.22348x
Value per Share
(Listing Adjusted, USD)
= Value per Share (EUR) x Listing Adjustment Factor
= € 13.20 x 1.22348
$16.15
Value per share (USD) From above. $16.15
Current discount Discount to share price of $16.15
= -1 x ($16.15 - $16.15) / $16.15
0%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Bénéteau is available for.
Intrinsic value
0%
Share price is $16.15 vs Future cash flow value of $16.15
Current Discount Checks
For Bénéteau to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Bénéteau's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Bénéteau's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Bénéteau's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bénéteau's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:BTEA.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-08-31) in EUR €0.74
ENXTPA:BEN Share Price ** ENXTPA (2018-08-31) in EUR €13.2
United States of America Leisure Industry PE Ratio Median Figure of 15 Publicly-Listed Leisure Companies 19.83x
United States of America Market PE Ratio Median Figure of 2,994 Publicly-Listed Companies 17.89x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Bénéteau.

OTCPK:BTEA.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTPA:BEN Share Price ÷ EPS (both in EUR)

= 13.2 ÷ 0.74

17.84x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bénéteau is good value based on earnings compared to the US Leisure industry average.
  • Bénéteau is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Bénéteau's expected growth come at a high price?
Raw Data
OTCPK:BTEA.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.84x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
16.8%per year
United States of America Leisure Industry PEG Ratio Median Figure of 14 Publicly-Listed Leisure Companies 1.52x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

OTCPK:BTEA.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.84x ÷ 16.8%

1.06x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bénéteau is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Bénéteau's assets?
Raw Data
OTCPK:BTEA.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-08-31) in EUR €7.62
ENXTPA:BEN Share Price * ENXTPA (2018-08-31) in EUR €13.2
United States of America Leisure Industry PB Ratio Median Figure of 23 Publicly-Listed Leisure Companies 2.5x
United States of America Market PB Ratio Median Figure of 5,008 Publicly-Listed Companies 1.84x
OTCPK:BTEA.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:BEN Share Price ÷ Book Value per Share (both in EUR)

= 13.2 ÷ 7.62

1.73x

* Primary Listing of Bénéteau.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bénéteau is good value based on assets compared to the US Leisure industry average.
X
Value checks
We assess Bénéteau's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Leisure industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Leisure industry average (and greater than 0)? (1 check)
  5. Bénéteau has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

BTEA.F Future Performance

 How is Bénéteau expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
16.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bénéteau expected to grow at an attractive rate?
  • Bénéteau's earnings growth is expected to exceed the low risk savings rate of 3%.
Growth vs Market Checks
  • Bénéteau's earnings growth is expected to exceed the United States of America market average.
  • Bénéteau's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:BTEA.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:BTEA.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 16.8%
OTCPK:BTEA.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 6.6%
United States of America Leisure Industry Earnings Growth Rate Market Cap Weighted Average 35.4%
United States of America Leisure Industry Revenue Growth Rate Market Cap Weighted Average 5.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:BTEA.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:BTEA.F Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-08-31 1,566 191 101 2
2020-08-31 1,483 169 91 6
2019-08-31 1,388 144 76 6
OTCPK:BTEA.F Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-08-31 1,287 155 61
2018-05-31 1,265 167 63
2018-02-28 1,243 179 64
2017-11-30 1,226 180 62
2017-08-31 1,208 181 60
2017-05-31 1,187 166 53
2017-02-28 1,166 150 46
2016-11-30 1,125 145 35
2016-08-31 1,084 139 25
2016-05-31 1,044 99 23
2016-02-29 1,005 58 21
2015-11-30 987 67 17

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bénéteau's earnings are expected to grow by 16.8% yearly, however this is not considered high growth (20% yearly).
  • Bénéteau's revenue is expected to grow by 6.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:BTEA.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Bénéteau Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:BTEA.F Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-08-31 1.23 1.31 1.15 2.00
2020-08-31 1.14 1.31 1.04 6.00
2019-08-31 0.92 0.96 0.90 4.00
OTCPK:BTEA.F Past Financials Data
Date (Data in EUR Millions) EPS *
2018-08-31 0.74
2018-05-31
2018-02-28 0.78
2017-11-30 0.76
2017-08-31 0.72
2017-05-31 0.64
2017-02-28 0.56
2016-11-30 0.43
2016-08-31 0.30
2016-05-31 0.27
2016-02-29 0.25
2015-11-30 0.20

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Bénéteau is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Bénéteau's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Bénéteau has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

BTEA.F Past Performance

  How has Bénéteau performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Bénéteau's growth in the last year to its industry (Leisure).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Bénéteau has delivered over 20% year on year earnings growth in the past 5 years.
  • Bénéteau's 1-year earnings growth is less than its 5-year average (2.7% vs 54.1%)
  • Bénéteau's earnings growth has not exceeded the US Leisure industry average in the past year (2.7% vs 8.4%).
Earnings and Revenue History
Bénéteau's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Bénéteau Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:BTEA.F Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-08-31 1,287.20 61.32 494.78
2018-05-31 1,265.08 62.58 479.15
2018-02-28 1,242.96 63.84 463.52
2017-11-30 1,225.64 61.77 452.88
2017-08-31 1,208.32 59.71 442.24
2017-05-31 1,187.06 52.95 437.28
2017-02-28 1,165.79 46.19 432.33
2016-11-30 1,124.68 35.48 423.45
2016-08-31 1,083.56 24.77 414.57
2016-05-31 1,044.04 22.89 401.68
2016-02-29 1,004.52 21.02 388.79
2015-11-30 986.99 16.91 377.69
2015-08-31 969.45 12.80 366.59
2015-05-31 904.13 4.00 354.07
2015-02-28 838.81 -4.80 341.55
2014-11-30 823.63 2.20 331.94
2014-08-31 808.45 9.19 322.34
2014-05-31 805.86 7.38 321.97
2014-02-28 803.26 5.58 321.61
2013-11-30 809.31 3.16 325.47
2013-08-31 815.36 0.74 329.34
2013-05-31 826.17 1.28 332.16
2013-02-28 836.97 1.83 334.98
2012-11-30 834.10 0.55 339.21
2012-08-31 831.24 -0.73 343.44
2012-05-31 866.86 10.68 347.52
2012-02-29 902.48 22.10 351.61
2011-11-30 912.13 34.54 342.29

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Bénéteau has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bénéteau used its assets less efficiently than the US Leisure industry average last year based on Return on Assets.
  • Bénéteau has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Bénéteau's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Leisure industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Bénéteau has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

BTEA.F Health

 How is Bénéteau's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Bénéteau's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bénéteau is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Bénéteau's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Bénéteau's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Bénéteau Company Filings, last reported 2 months ago.

OTCPK:BTEA.F Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-08-31 633.30 103.36 265.26
2018-05-31 633.30 103.36 265.26
2018-02-28 570.27 120.47 66.73
2017-11-30 570.27 120.47 66.73
2017-08-31 590.64 104.64 214.30
2017-05-31 590.64 104.64 214.30
2017-02-28 519.50 188.01 46.76
2016-11-30 519.50 188.01 46.76
2016-08-31 532.26 62.46 75.93
2016-05-31 532.26 62.46 75.93
2016-02-29 482.88 265.54 53.19
2015-11-30 482.88 265.54 53.19
2015-08-31 519.92 98.57 47.56
2015-05-31 519.92 98.57 47.56
2015-02-28 470.46 241.52 51.81
2014-11-30 470.46 241.52 51.81
2014-08-31 504.45 91.29 38.16
2014-05-31 504.45 91.29 38.16
2014-02-28 476.64 173.34 41.32
2013-11-30 476.64 173.34 41.32
2013-08-31 495.01 35.61 45.53
2013-05-31 495.01 35.61 45.53
2013-02-28 470.09 151.13 33.96
2012-11-30 470.09 151.13 33.96
2012-08-31 492.15 46.67 68.33
2012-05-31 492.15 46.67 68.33
2012-02-29 466.67 144.80 21.47
2011-11-30 466.67 144.80 21.47
  • Bénéteau's level of debt (16.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (7.5% vs 16.3% today).
  • Debt is well covered by operating cash flow (149.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 30.6x coverage).
X
Financial health checks
We assess Bénéteau's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Bénéteau has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

BTEA.F Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.89%
Current annual income from Bénéteau dividends. Estimated to be 2.69% next year.
If you bought $2,000 of Bénéteau shares you are expected to receive $38 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Bénéteau's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.39%).
  • Bénéteau's dividend is below the markets top 25% of dividend payers in United States of America (3.58%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:BTEA.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
United States of America Leisure Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 2.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1980 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:BTEA.F Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-08-31 0.42 2.00
2020-08-31 0.38 6.00
2019-08-31 0.32 7.00
OTCPK:BTEA.F Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2017-12-22 0.250 1.546
2016-12-22 0.100 0.709
2016-11-09 0.100 0.814
2015-12-23 0.060 0.601
2015-01-29 0.040 0.290
2014-12-22 0.040 0.327
2013-04-30 0.000 0.000
2013-04-24 0.000 0.000
2012-12-21 0.000 0.000
2012-11-07 0.000 0.000
2012-01-26 0.180 2.123
2010-12-23 0.120 1.035
2010-04-28 0.000 0.000
2010-04-22 0.000 0.000
2009-12-23 0.000 0.000
2008-12-23 0.430 5.277
2008-12-01 0.390 5.769

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Bénéteau's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3x coverage).
X
Income/ dividend checks
We assess Bénéteau's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Bénéteau afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bénéteau has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

BTEA.F Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Hervé Gastinel
COMPENSATION €832,201
CEO Bio

Mr. Herve Gastinel has been the President of Board of Directors at Bénéteau S.A. since September 18, 2015 and serves as its Group Chief Executive Officer and Boat Division CEO. Mr. Gastinel served as President of Management Board at Terreal SAS since September 2005 and served as its President. Mr. Gastinel served as the Chairman, Chief Executive Officer, President and Managing Director of Terreal.

CEO Compensation
  • Hervé's compensation has increased by more than 20% in the past year.
  • Hervé's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure of the Bénéteau management team in years:

3.4
Average Tenure
  • The tenure for the Bénéteau management team is about average.
Management Team

Hervé Gastinel

TITLE
President of Board of Directors
COMPENSATION
€832K

Christophe Caudrelier

TITLE
CFO & Member of the Board of Directors
COMPENSATION
€466K
AGE
49
TENURE
3.4 yrs

Carla Demaria

TITLE
Member of the Board of Directors
COMPENSATION
€527K
TENURE
7.3 yrs

Corinne Margot

TITLE
Human Resources Director

Patrick Guilloux

TITLE
Chief Operating Officer of American Operations
TENURE
3.4 yrs

Gianguido Girotti

TITLE
Marketing Director of Sailing Yachts - Bénéteau Brand

Thibaut Montvalon

TITLE
Managing Director of Bénéteau-Lagoon China

Delphine Planes

TITLE
Purchasing Director of Boats

Merry Poeze

TITLE
Motorboat Product Director of Jeanneau
Board of Directors Tenure

Average tenure and age of the Bénéteau board of directors in years:

9.9
Average Tenure
68
Average Age
  • The tenure for the Bénéteau board of directors is about average.
Board of Directors

Yves Lyon-Caen

TITLE
President of the Supervisory Board
COMPENSATION
€521K
AGE
68

Louis-Claude Roux

TITLE
Vice President of the Supervisory Board
COMPENSATION
€167K
AGE
36
TENURE
3.7 yrs

Annette Roux

TITLE
Member of the Supervisory Board
COMPENSATION
€126K
AGE
76
TENURE
13.8 yrs

Christian Labriffe

TITLE
Member of the Supervisory Board
COMPENSATION
€25K
AGE
71
TENURE
13.8 yrs

Yvon Bénéteau

TITLE
Member of The Supervisory Board
COMPENSATION
€55K
AGE
68
TENURE
13.8 yrs

Luc Dupé

TITLE
Member of The Supervisory Board
COMPENSATION
€55K
AGE
69
TENURE
13.8 yrs

Jean-Pierre Goudant

TITLE
Member of the Supervisory Board
COMPENSATION
€32K
AGE
67
TENURE
6 yrs

Claude Brignon

TITLE
Member of the Supervisory Board
COMPENSATION
€35K
AGE
68
TENURE
4.8 yrs

Anne Leitzgen

TITLE
Member of the Supervisory Board
COMPENSATION
€12K
AGE
45

Catherine Pourre

TITLE
Member of Supervisory Board
COMPENSATION
€21K
AGE
61
TENURE
4.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Bénéteau's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Bénéteau has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

BTEA.F News

External News
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Simply Wall St News

BTEA.F Company Info

Map
Description

Bénéteau S.A. designs, manufactures, and sells boats and mobile homes in France and internationally. It provides sail and powerboats under the BENETEAU, JEANNEAU, LAGOON, and Prestige brand names. The company also offers luxury boats, working boats, and residential homes. In addition, it provides related services to facilitate the purchase and resale of the boats. The company was founded in 1884 and is based in Saint Gilles Croix de Vie, France. Bénéteau S.A. is a subsidiary of BERI 21 S.A.

Details
Name: Bénéteau S.A.
BTEA.F
Exchange: OTCPK
Founded: 1884
€1,176,720,174
81,734,098
Website: http://www.beneteau-group.com
Address: Bénéteau S.A.
Les Embruns,
16 boulevard de la Mer,
Saint Gilles Croix de Vie,
Pays de la Loire, 85800,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA BEN Common Shares Euronext Paris FR EUR 02. Jan 1992
OTCPK BTEA.F Common Shares Pink Sheets LLC US USD 02. Jan 1992
DB 3GD Common Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0K8N Common Shares London Stock Exchange GB EUR 02. Jan 1992
BATS-CHIXE BENP Common Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
6,778
Bénéteau employees.
Industry
Leisure Products
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/11/28 21:42
End of day share price update: 2018/08/31 00:00
Last estimates confirmation: 2018/11/21
Last earnings filing: 2018/10/30
Last earnings reported: 2018/08/31
Last annual earnings reported: 2018/08/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.