Big 5 Sporting Goods (NasdaqGS:BGFV) - Share price, News & Analysis

BGFV fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	0/6
Past Performance	3/6
Financial Health	6/6
Dividends	5/6

BGFV Stock Overview

Big 5 Sporting Goods Corporation operates as a sporting goods retailer in the western United States.

Rewards

Trading at 34.7% below our estimate of its fair value

Earnings have grown 60.1% per year over the past 5 years

Risk Analysis

High level of non-cash earnings

Unstable dividend track record

Big 5 Sporting Goods Competitors

DICK'S Sporting Goods

NYSE:DKS

US$6.3b

Hibbett

NasdaqGS:HIBB

US$570.3m

Amazon.com

NasdaqGS:AMZN

US$1.1t

Walmart

NYSE:WMT

US$328.1b

Price History & Performance

Summary of all time highs, changes and price drops for Big 5 Sporting Goods
Historical stock prices
Current Share Price	US$12.13
52 Week High	US$47.65
52 Week Low	US$11.47
Beta	2.75
1 Month Change	-24.66%
3 Month Change	-25.81%
1 Year Change	-57.60%
3 Year Change	405.42%
5 Year Change	-13.36%
Change since IPO	-7.90%

Recent News & Updates

May 04

Buying More Big 5 Stock After Decent Q1 Earnings Results

The market seems to be comparing the first 13 weeks of this year to the same period last year, which makes little sense in my estimation. A more reasonable comparison would be to the first quarter of 2019. On that basis, the latest results of Big 5 Sporting Goods were spectacular. While I'm normally a big fan of selling puts, I think BGFV shares are so cheap that I'm just going to use risk capital to buy more of them.

Shareholder Returns

	BGFV	US Specialty Retail	US Market
7D	-10.8%	-8.9%	-2.7%
1Y	-57.6%	-28.3%	-12.9%

Return vs Industry: BGFV underperformed the US Specialty Retail industry which returned -28.3% over the past year.

Return vs Market: BGFV underperformed the US Market which returned -12.9% over the past year.

Price Volatility

Is BGFV's price volatile compared to industry and market?
BGFV volatility
BGFV Average Weekly Movement	9.0%
Specialty Retail Industry Average Movement	8.7%
Market Average Movement	7.9%
10% most volatile stocks in US Market	16.9%
10% least volatile stocks in US Market	3.0%

Stable Share Price: BGFV is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: BGFV's weekly volatility (9%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1955	5,100	Steven Miller	https://www.big5sportinggoods.com

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

How do Big 5 Sporting Goods's earnings and revenue compare to its market cap?
BGFV fundamental statistics
Market Cap	US$265.74m
Earnings (TTM)	US$89.94m
Revenue (TTM)	US$1.13b

3.0x

P/E Ratio

0.2x

P/S Ratio

Is BGFV overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
BGFV income statement (TTM)
Revenue	US$1.13b
Cost of Revenue	US$707.13m
Gross Profit	US$423.87m
Other Expenses	US$333.93m
Earnings	US$89.94m

Last Reported Earnings

Apr 03, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	4.11
Gross Margin	37.48%
Net Profit Margin	7.95%
Debt/Equity Ratio	0%

How did BGFV perform over the long term?

See historical performance and comparison

Dividends

8.2%

Current Dividend Yield

22%

Payout Ratio

Does BGFV pay a reliable dividends?

See BGFV dividend history and benchmarks

When do you need to buy BGFV by to receive an upcoming dividend?
Big 5 Sporting Goods dividend dates
Ex Dividend Date	May 31 2022
Dividend Pay Date	Jun 15 2022
Days until Ex dividend	9 days
Days until Dividend pay date	24 days

Does BGFV pay a reliable dividends?

See BGFV dividend history and benchmarks

Valuation

Is Big 5 Sporting Goods undervalued compared to its fair value and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

35.2%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: BGFV ($12.13) is trading below our estimate of fair value ($18.57)

Significantly Below Fair Value: BGFV is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: BGFV is good value based on its PE Ratio (3x) compared to the US Specialty Retail industry average (6.3x).

PE vs Market: BGFV is good value based on its PE Ratio (3x) compared to the US market (15.3x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BGFV's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: BGFV is good value based on its PB Ratio (1x) compared to the US Specialty Retail industry average (1.7x).

Future Growth

How is Big 5 Sporting Goods forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

0.4%

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 earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: BGFV's revenue (0.4% per year) is forecast to grow slower than the US market (7.8% per year).

High Growth Revenue: BGFV's revenue (0.4% per year) is forecast to grow slower than 20% 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

Past Performance

How has Big 5 Sporting Goods performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

60.1%

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 (8%) are higher than last year (7.5%).

Past Earnings Growth Analysis

Earnings Trend: BGFV's earnings have grown significantly by 60.1% per year over the past 5 years.

Accelerating Growth: BGFV's earnings growth over the past year (9.9%) is below its 5-year average (60.1% per year).

Earnings vs Industry: BGFV earnings growth over the past year (9.9%) underperformed the Specialty Retail industry 82.6%.

Return on Equity

High ROE: BGFV's Return on Equity (33.4%) is considered high.

Financial Health

How is Big 5 Sporting Goods's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: BGFV's short term assets ($389.4M) exceed its short term liabilities ($247.2M).

Long Term Liabilities: BGFV's short term assets ($389.4M) exceed its long term liabilities ($225.6M).

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 10.8%.

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.

Balance Sheet

Dividend

What is Big 5 Sporting Goods's current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

8.24%

Current Dividend Yield

Upcoming Dividend Payment

Dividend Yield vs Market

Notable Dividend: BGFV's dividend (8.24%) is higher than the bottom 25% of dividend payers in the US market (1.58%).

High Dividend: BGFV's dividend (8.24%) is in the top 25% of dividend payers in the US market (4.11%)

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 low payout ratio (22.5%), BGFV's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (58%), BGFV's dividend payments are covered by cash flows.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

8.2yrs

Average management tenure

CEO

Steven Miller (69 yo)

30.33yrs

Tenure

US$1,675,720

Compensation

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

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% in the past year.

Leadership Team

Experienced Management: BGFV's management team is seasoned and experienced (8.2 years average tenure).

Board Members

Experienced Board: BGFV's board of directors are considered experienced (9.1 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: BGFV insiders have only sold shares in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/05/21 00:00
End of Day Share Price	2022/05/20 00:00
Earnings	2022/04/03
Annual Earnings	2022/01/02