BGFV Stock Overview
Big 5 Sporting Goods Corporation operates as a sporting goods retailer in the western United States.
Big 5 Sporting Goods Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$10.89|
|52 Week High||US$47.65|
|52 Week Low||US$10.30|
|1 Month Change||-7.95%|
|3 Month Change||-4.81%|
|1 Year Change||-55.41%|
|3 Year Change||413.68%|
|5 Year Change||45.20%|
|Change since IPO||-17.31%|
Recent News & Updates
Big 5 Sporting Goods (NASDAQ:BGFV) Will Pay A Dividend Of $0.25
Big 5 Sporting Goods Corporation ( NASDAQ:BGFV ) has announced that it will pay a dividend of $0.25 per share on the...
Hold Big 5 Sporting Goods For The Dividend
Big 5 currently pays a $1 per year dividend. Q2 results showed slowing post-pandemic sales. The dividend is solid, but this is a no-growth company model. Big 5 Sporting Goods Corporation (BGFV) is a national retail outlet for sporting goods with 431 stores. It operates in a competitive arena. DICK'S Sporting Goods (DKS) is considerably larger, with 858 stores. Walmart (WMT) and other large retailers offer many of the same types of items as Big 5. Other physical and internet retailers compete in specific categories including shoes, sportswear, ski equipment, and camping equipment. The dividend of $0.25 will next be paid on September 15 to shareholders of record as of September 1, 2022. That means investors can earn a very high rate of interest by buying stock during the remainder of August. The wisdom, or not, of that will be discussed below. In this article I will examine where Big 5 would fit, or not, in portfolios. My own portfolio consisted largely of small to mid-cap biotech stocks until about 2 years ago. While I am mostly retaining those companies, I have also been gradually adding slower-growth, less risky dividend stocks. Big 5 is clearly a dividend stock, but it may not fit well in every dividend-oriented portfolio. Perhaps the most important issue is whether the dividend is sustainable. BGFV data by YCharts Big 5 Q2 2022 Results Most retailing is seasonal, and sporting goods has its own specific dynamics. The fourth quarter, the gift giving season so big for many retailers, is not Big 5’s strongest. It coincides with initial sales of winter clothing and ski equipment. The first quarter, Winter, also tends to have weakness. The second quarter is typically strongest, as Spring compels people to venture outside with new clothing and equipment. Then the third quarter slacks off a bit as some summer sales continue, followed by the addition of back-to-school, including school sports, sales. To give context, here are revenue results for Big 5 for the four quarters of 2021: BGFV revenue, $ millions Q1 2021 273 Q2 2021 326 Q3 2021 290 Q4 2021 273 Big 5 in Q2 2022 (fiscal, ending July 3) reported revenue of $254 million, which was down 22% from $326 million in the year-earlier quarter. In fact it was below every 2021 quarter. Same store sales were also down 22%, but the company pointed out that going back two years for comparison, same store sales were up 4%. 2020 was a less than stellar year because of the pandemic, while 2021 was boosted by government stimulus checks. After expenses net income was $8.9 million, or $0.41 per share. That is down significantly from Q2 2021, when net income was $26.8 million or $1.63 per share. Big 5 ended the quarter with $36.6 million in cash. It had no long-term liabilities, but it did have accounts payable of $115 million, accrued expenses of $68 million, and lease liabilities. On the positive side it had $19 million in prepaid expenses, $14 million in accounts receivable, and $338 million in inventory. Post-pandemic Outlook The price of any stock tends to be more about the future than the past. We know the past, but we are guessing about the future even when we use the word forecasting. Given the interest rate raises from the Federal Reserve, and the likelihood they will continue for a while, we may see a flattening of consumer demand, or even a recession. Meanwhile margins are a crucial issue for retailers: how much will suppliers want to raise their prices, and how much of that can be passed on to consumers? In Q2 margins were strong, 310 basis points higher than in pre-pandemic second quarters, though down 102 basis points y/y. CEO Steve Miller reported that because inventory has been kept current, Big 5 can use promotions strategically, rather than to clear excess inventory at low margins. A focus continues to be on keeping costs down, which has been a key to the company’s long-term success.
|BGFV||US Specialty Retail||US Market|
Return vs Industry: BGFV underperformed the US Specialty Retail industry which returned -36.5% over the past year.
Return vs Market: BGFV underperformed the US Market which returned -23.2% over the past year.
|BGFV Average Weekly Movement||10.2%|
|Specialty Retail Industry Average Movement||7.9%|
|Market Average Movement||6.8%|
|10% most volatile stocks in US Market||15.5%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: BGFV is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: BGFV's weekly volatility (10%) has been stable over the past year.
About the Company
Big 5 Sporting Goods Corporation operates as a sporting goods retailer in the western United States. The company’s products include athletic shoes, apparel, and accessories. It also offers a selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, and winter and summer recreation, as well as home recreation.
Big 5 Sporting Goods Fundamentals Summary
|BGFV fundamental statistics|
Is BGFV overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|BGFV income statement (TTM)|
|Cost of Revenue||US$672.46m|
Last Reported Earnings
Jul 03, 2022
Next Earnings Date
|Earnings per share (EPS)||2.85|
|Net Profit Margin||5.86%|
How did BGFV perform over the long term?See historical performance and comparison
9.2%Current Dividend Yield
Is BGFV undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for BGFV?
Other financial metrics that can be useful for relative valuation.
|What is BGFV's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does BGFV's PE Ratio compare to its peers?
|BGFV PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
TCS Container Store Group
BBW Build-A-Bear Workshop
PRTY Party City Holdco
SPWH Sportsman's Warehouse Holdings
BGFV Big 5 Sporting Goods
Price-To-Earnings vs Peers: BGFV is expensive based on its Price-To-Earnings Ratio (3.8x) compared to the peer average (3.1x).
Price to Earnings Ratio vs Industry
How does BGFV's PE Ratio compare vs other companies in the US Specialty Retail Industry?
Price-To-Earnings vs Industry: BGFV is good value based on its Price-To-Earnings Ratio (3.8x) compared to the US Specialty Retail industry average (6x)
Price to Earnings Ratio vs Fair Ratio
What is BGFV's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||3.8x|
|Fair PE Ratio||n/a|
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate BGFV's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of BGFV when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: BGFV ($10.89) is trading below our estimate of fair value ($18.67)
Significantly Below Fair Value: BGFV is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
Discover undervalued companies
How is Big 5 Sporting Goods forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score0/6
Future Growth Score 0/6
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 BGFV's forecast earnings growth is above the savings rate (1.9%).
Earnings vs Market: Insufficient data to determine if BGFV's earnings are forecast to grow faster than the US market
High Growth Earnings: Insufficient data to determine if BGFV's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BGFV's revenue is expected to decline over the next 3 years (-0.5% per year).
High Growth Revenue: BGFV's revenue is forecast to decline over the next 3 years (-0.5% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if BGFV's Return on Equity is forecast to be high in 3 years time
Discover growth companies
How has Big 5 Sporting Goods performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BGFV has a high level of non-cash earnings.
Growing Profit Margin: BGFV's current net profit margins (5.9%) are lower than last year (9%).
Past Earnings Growth Analysis
Earnings Trend: BGFV's earnings have grown significantly by 60.3% per year over the past 5 years.
Accelerating Growth: BGFV's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BGFV had negative earnings growth (-42.2%) over the past year, making it difficult to compare to the Specialty Retail industry average (0.1%).
Return on Equity
High ROE: BGFV's Return on Equity (23%) is considered high.
Discover strong past performing companies
How is Big 5 Sporting Goods's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: BGFV's short term assets ($407.4M) exceed its short term liabilities ($263.9M).
Long Term Liabilities: BGFV's short term assets ($407.4M) exceed its long term liabilities ($239.7M).
Debt to Equity History and Analysis
Debt Level: BGFV is debt free.
Reducing Debt: BGFV has no debt compared to 5 years ago when its debt to equity ratio was 23.2%.
Debt Coverage: BGFV has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: BGFV has no debt, therefore coverage of interest payments is not a concern.
Discover healthy companies
What is Big 5 Sporting Goods's current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|Big 5 Sporting Goods Dividend Yield vs Market|
|Company (Big 5 Sporting Goods)||9.2%|
|Market Bottom 25% (US)||1.7%|
|Market Top 25% (US)||4.7%|
|Industry Average (Specialty Retail)||2.6%|
|Analyst forecast in 3 Years (Big 5 Sporting Goods)||9.2%|
Notable Dividend: BGFV's dividend (9.18%) is higher than the bottom 25% of dividend payers in the US market (1.67%).
High Dividend: BGFV's dividend (9.18%) is in the top 25% of dividend payers in the US market (4.75%)
Stability and Growth of Payments
Stable Dividend: BGFV's dividend payments have been volatile in the past 10 years.
Growing Dividend: BGFV's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (35%), BGFV's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: BGFV is paying a dividend but the company has no free cash flows.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Steven Miller (70 yo)
Mr. Steven G. Miller serves as Chairman, Chief Executive Officer and President of Big 5 Sporting Goods Corporation since 2002, 2000 and 1992, respectively and served as its Director since June 2002. He was...
CEO Compensation Analysis
|Steven Miller's Compensation vs Big 5 Sporting Goods Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jul 03 2022||n/a||n/a|
|Apr 03 2022||n/a||n/a|
|Jan 02 2022||US$2m||US$613k|
|Oct 03 2021||n/a||n/a|
|Jul 04 2021||n/a||n/a|
|Apr 04 2021||n/a||n/a|
|Jan 03 2021||US$1m||US$615k|
|Sep 27 2020||n/a||n/a|
|Jun 28 2020||n/a||n/a|
|Mar 29 2020||n/a||n/a|
|Dec 29 2019||US$863k||US$581k|
|Sep 29 2019||n/a||n/a|
|Jun 30 2019||n/a||n/a|
|Mar 31 2019||n/a||n/a|
|Dec 30 2018||n/a||n/a|
|Sep 30 2018||n/a||n/a|
|Jul 01 2018||n/a||n/a|
|Apr 01 2018||n/a||n/a|
|Dec 31 2017||US$911k||US$550k|
|Oct 01 2017||n/a||n/a|
|Jul 02 2017||n/a||n/a|
|Apr 02 2017||n/a||n/a|
|Jan 01 2017||US$865k||US$532k|
|Oct 02 2016||n/a||n/a|
|Jul 03 2016||n/a||n/a|
|Apr 03 2016||n/a||n/a|
|Jan 03 2016||US$854k||US$520k|
Compensation vs Market: Steven's total compensation ($USD1.68M) is about average for companies of similar size in the US market ($USD1.68M).
Compensation vs Earnings: Steven's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Experienced Management: BGFV's management team is seasoned and experienced (11.2 years average tenure).
Experienced Board: BGFV's board of directors are considered experienced (9.5 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.
Recent Insider Transactions
|13 May 22||SellUS$43,012||Shane Starr||Individual||3,135||US$13.72|
|15 Nov 21||SellUS$1,593,113||Steven Miller||Individual||41,885||US$41.01|
|15 Nov 21||SellUS$1,871,200||Robert W. and Florence Miller Family Partners L.P.,||Company||50,000||US$41.01|
|12 Nov 21||SellUS$352,000||Stephen Carley||Individual||8,000||US$44.00|
|12 Nov 21||SellUS$2,253,560||Steven Miller||Individual||50,000||US$46.36|
|12 Nov 21||SellUS$2,264,347||Robert W. and Florence Miller Family Partners L.P.,||Company||50,000||US$47.34|
|11 Nov 21||SellUS$297,360||Colleen Brown||Individual||7,000||US$42.48|
|11 Nov 21||SellUS$1,481,122||Boyd Clark||Individual||35,242||US$45.72|
|11 Nov 21||SellUS$2,682,789||Van Honeycutt||Individual||66,303||US$41.41|
|11 Nov 21||SellUS$7,229,267||Steven Miller||Individual||178,675||US$43.36|
|10 Nov 21||SellUS$1,551,967||Jennifer Dunbar||Individual||39,953||US$39.00|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Big 5 Sporting Goods Corporation's employee growth, exchange listings and data sources
- Name: Big 5 Sporting Goods Corporation
- Ticker: BGFV
- Exchange: NasdaqGS
- Founded: 1955
- Industry: Specialty Stores
- Sector: Retail
- Implied Market Cap: US$236.929m
- Shares outstanding: 21.76m
- Website: https://www.big5sportinggoods.com
Number of Employees
- Big 5 Sporting Goods Corporation
- 2525 East El Segundo Boulevard
- El Segundo
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|BGFV||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Jun 2002|
|BG3||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jun 2002|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/10/03 00:00|
|End of Day Share Price||2022/10/03 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.