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Barco

OTCPK:BCNA.F
Snowflake Description

Flawless balance sheet with acceptable track record.

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

Barco NV designs, develops, and sells visualization and sharing solutions for the entertainment, enterprise, and healthcare markets worldwide. The last earnings update was 95 days ago. More info.


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BCNA.F Share Price and Events
Price Volatility
BCNA.F
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Barco 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 Barco 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 Barco.

OTCPK:BCNA.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 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.2%
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:BCNA.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 3%
Equity Risk Premium S&P Global 7.1%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.01
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.006 (1 + (1- 29%) (3.86%))
1.033
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.95% + (1.033 * 7.05%)
10.23%

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

The calculations below outline how an intrinsic value for Barco 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:BCNA.F DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (EUR, Millions) 76.00 92.00 92.99 93.99 95.01
Source Analyst x1 Analyst x1 Est @ 1.08% Est @ 1.08% Est @ 1.08%
Present Value
Discounted (@ 10.23%)
68.94 75.71 69.42 63.65 58.37
Present value of next 5 years cash flows €336.10
OTCPK:BCNA.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= €95.01 × (1 + 2.95%) ÷ (10.23% – 2.95%)
€1,342.70
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= €1,342.70 ÷ (1 + 10.23%)5
€824.89
OTCPK:BCNA.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= €336.10 + €824.89
€1,160.98
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €1,160.98 / 12.46
€126.3
OTCPK:BCNA.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:BCNA.F represents 1.35516x of ENXTBR:BAR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.35516x
Value per Share
(Listing Adjusted, USD)
= Value per Share (EUR) x Listing Adjustment Factor
= € 93.20 x 1.35516
$126.30
Value per share (USD) From above. $126.30
Current discount Discount to share price of $136.60
= -1 x ($136.60 - $126.30) / $126.30
-8.2%

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

  • The current share price of Barco is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Barco's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Barco's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:BCNA.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in EUR €2.66
ENXTBR:BAR Share Price ** ENXTBR (2018-07-25) in EUR €100.8
United States of America Electronic Industry PE Ratio Median Figure of 83 Publicly-Listed Electronic Companies 26.66x
United States of America Market PE Ratio Median Figure of 2,939 Publicly-Listed Companies 18.97x

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

** Primary Listing of Barco.

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

= ENXTBR:BAR Share Price ÷ EPS (both in EUR)

= 100.8 ÷ 2.66

37.96x

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

  • Barco is overvalued based on earnings compared to the US Electronic industry average.
  • Barco is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Barco's expected growth come at a high price?
Raw Data
OTCPK:BCNA.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 37.96x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
34.6%per year
United States of America Electronic Industry PEG Ratio Median Figure of 50 Publicly-Listed Electronic Companies 1.14x
United States of America Market PEG Ratio Median Figure of 2,059 Publicly-Listed Companies 1.26x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 37.96x ÷ 34.6%

1.1x

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

  • Barco is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Barco's assets?
Raw Data
OTCPK:BCNA.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in EUR €47.32
ENXTBR:BAR Share Price * ENXTBR (2018-07-25) in EUR €100.8
United States of America Electronic Industry PB Ratio Median Figure of 147 Publicly-Listed Electronic Companies 2.16x
United States of America Market PB Ratio Median Figure of 4,942 Publicly-Listed Companies 1.91x
OTCPK:BCNA.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTBR:BAR Share Price ÷ Book Value per Share (both in EUR)

= 100.8 ÷ 47.32

2.13x

* Primary Listing of Barco.

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

  • Barco is good value based on assets compared to the US Electronic industry average.
X
Value checks
We assess Barco'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 Electronic 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 Electronic industry average (and greater than 0)? (1 check)
  5. Barco has a total score of 1/6, 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.

Future Performance

 How is Barco expected to perform in the next 1 to 3 years based on estimates from 3 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
34.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Barco expected to grow at an attractive rate?
  • Barco's earnings growth is expected to exceed the low risk savings rate of 3%.
Growth vs Market Checks
  • Barco's earnings growth is expected to exceed the United States of America market average.
  • Barco's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:BCNA.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:BCNA.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 34.6%
OTCPK:BCNA.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 3.3%
United States of America Electronic Industry Earnings Growth Rate Market Cap Weighted Average 29.4%
United States of America Electronic Industry Revenue Growth Rate Market Cap Weighted Average 6.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 15.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.5%

*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:BCNA.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:BCNA.F Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 1,144 126 107 2
2019-12-31 1,114 107 94 3
2018-12-31 1,069 85 75 3
OTCPK:BCNA.F Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-06-30 1,065 96 33
2018-03-31 1,075 80 29
2017-12-31 1,085 65 25
2017-09-30 1,088 72 18
2017-06-30 1,091 79 12
2017-03-31 1,097 80 12
2016-12-31 1,102 82 11
2016-09-30 1,077 86 -0
2016-06-30 1,052 90 -12
2016-03-31 1,040 109 -21
2015-12-31 1,029 128 -30
2015-09-30 1,005 105 -9

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Barco's earnings are expected to grow significantly at over 20% yearly.
  • Barco's revenue is expected to grow by 3.3% 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:BCNA.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Barco Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:BCNA.F Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 8.24 8.24 8.24 1.00
2019-12-31 7.27 7.27 7.27 1.00
2018-12-31 5.76 5.76 5.76 1.00
OTCPK:BCNA.F Past Financials Data
Date (Data in EUR Millions) EPS *
2018-06-30 2.66
2018-03-31 2.33
2017-12-31 2.01
2017-09-30 1.50
2017-06-30 0.99
2017-03-31 0.95
2016-12-31 0.91
2016-09-30 -0.02
2016-06-30 -0.96
2016-03-31 -1.70
2015-12-31 -2.45
2015-09-30 -0.78

*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.
  • Barco is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Barco'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.
Barco has a total score of 3/6, 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.

Past Performance

  How has Barco 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 Barco's growth in the last year to its industry (Electronic).
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.
  • Barco's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Barco's 1-year earnings growth exceeds its 5-year average (171.8% vs -30.7%)
  • Barco's earnings growth has exceeded the US Electronic industry average in the past year (171.8% vs -13.1%).
Earnings and Revenue History
Barco'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 Barco Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:BCNA.F Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 1,064.84 32.88 205.95 115.38
2018-03-31 1,074.77 28.83 206.20 118.84
2017-12-31 1,084.71 24.78 206.45 122.31
2017-09-30 1,087.90 18.44 206.81 129.36
2017-06-30 1,091.10 12.10 207.18 136.41
2017-03-31 1,096.72 11.56 205.21 139.21
2016-12-31 1,102.34 11.02 203.24 142.00
2016-09-30 1,077.12 -0.30 200.77 142.98
2016-06-30 1,051.90 -11.62 198.30 143.96
2016-03-31 1,040.38 -20.59 194.16 144.66
2015-12-31 1,028.86 -29.56 190.02 145.36
2015-09-30 1,004.66 -9.36 168.07 131.99
2015-06-30 980.46 10.85 182.99 118.63
2015-03-31 944.42 14.35 181.80 105.54
2014-12-31 908.37 17.84 162.18 92.45
2014-09-30 1,054.58 29.31 206.25 107.41
2014-06-30 844.70 30.34 167.97 77.52
2014-03-31 926.60 42.22 178.76 78.58
2013-12-31 1,008.50 54.10 189.54 79.64
2013-09-30 1,190.44 69.36 213.74 92.28
2013-06-30 1,222.86 81.60 209.79 89.95
2013-03-31 1,189.42 87.92 202.44 86.55
2012-12-31 1,155.98 94.24 195.09 83.15
2012-09-30 1,118.96 89.82 190.17 80.80
2012-06-30 1,081.94 85.39 185.25 78.45
2012-03-31 1,061.59 80.62 179.32 75.89
2011-12-31 1,041.24 75.85 173.39 73.32

*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.
  • Barco has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Barco used its assets less efficiently than the US Electronic industry average last year based on Return on Assets.
  • Barco has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Barco'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 Electronic 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.
Barco has a total score of 3/6, 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.

Health

 How is Barco'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 Barco's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Barco is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Barco's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Barco'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 14.2x 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 Barco Company Filings, last reported 3 months ago.

OTCPK:BCNA.F Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 606.03 48.29 235.23
2018-03-31 606.03 48.29 235.23
2017-12-31 593.51 55.78 254.13
2017-09-30 593.51 55.78 254.13
2017-06-30 607.06 81.49 287.24
2017-03-31 607.06 81.49 287.24
2016-12-31 615.49 91.59 353.55
2016-09-30 615.49 91.59 353.55
2016-06-30 604.51 99.14 264.31
2016-03-31 604.51 99.14 264.31
2015-12-31 611.66 94.49 341.28
2015-09-30 611.66 94.49 341.28
2015-06-30 639.26 93.34 263.03
2015-03-31 639.26 93.34 263.03
2014-12-31 594.56 84.12 145.34
2014-09-30 570.44 56.45 92.44
2014-06-30 570.44 56.45 92.44
2014-03-31 570.44 56.45 92.44
2013-12-31 579.37 67.93 156.55
2013-09-30 579.37 70.97 156.55
2013-06-30 560.43 57.47 75.79
2013-03-31 560.43 57.47 75.79
2012-12-31 538.05 21.22 122.14
2012-09-30 538.05 21.22 122.14
2012-06-30 489.56 21.72 61.19
2012-03-31 489.56 21.72 61.19
2011-12-31 460.70 30.42 79.17
  • Barco's level of debt (8%) 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 (10.3% vs 8% today).
  • Debt is well covered by operating cash flow (197.9%, greater than 20% of total debt).
  • Barco earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Barco'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. Barco has a total score of 6/6, 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.

Dividends

 What is Barco'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
2.08%
Current annual income from Barco dividends. Estimated to be 2.6% next year.
If you bought $2,000 of Barco shares you are expected to receive $42 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?
  • Barco's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.38%).
  • Barco's dividend is below the markets top 25% of dividend payers in United States of America (3.49%).
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:BCNA.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 3 Analyst Estimates (S&P Global) See Below
United States of America Electronic Industry Average Dividend Yield Market Cap Weighted Average of 37 Stocks 1.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1973 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 3.5%

Industry and Market average data is calculated daily.

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

OTCPK:BCNA.F Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 3.05 2.00
2019-12-31 2.58 2.00
2018-12-31 2.23 2.00
OTCPK:BCNA.F Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-02-08 2.100 1.948
2017-02-09 1.900 2.146
2016-05-04 1.750 2.515
2015-02-27 1.600 2.712
2015-02-12 1.600 2.796
2014-02-07 1.500 2.668
2014-02-04 1.500 2.759
2013-02-07 1.400 2.353
2012-03-06 1.100 2.200
2012-02-10 1.100 2.254
2011-02-09 1.000 2.287
2011-02-07 1.000 1.859
2009-10-21 0.000 0.000
2009-10-02 0.000 0.000
2009-06-30 0.000 0.000
2009-03-31 0.000 0.000
2008-12-31 0.000 0.000
2008-10-23 2.400 14.229

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Barco's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.6x coverage).
X
Income/ dividend checks
We assess Barco'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 Barco afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Barco has a total score of 3/6, see the detailed checks below.


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

Management

 What is the CEO of Barco'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
Jan De Witte, image provided by Google.
Jan De Witte
AGE 54
TENURE AS CEO 2.1 years
CEO Bio

Mr. Jan De Witte has been the Chief Executive Officer at Barco NV since September 12, 2016. Mr. De Witte served as the President and Chief Executive Officer of Healthcare IT at GE Healthcare Limited since April 2011 until 2016. Mr. De Witte served as President and Chief Executive Officer of Healthcare IT & Performance Solutions Division at GE Healthcare Limited since June 2010. Mr. De Witte served as Vice President of Services-International of GE Healthcare since December 2007. He served as Chief Executive Officer and President of Healthcare IT business at GE Healthcare Limited since April 2011. Mr. De Witte served as Chief Executive Officer of GE Healthcare Limited since May 2010. He served as President and Chief Executive Officer of GE Healthcare Performance Solutions since June 2010. He served in a number of strategic technology and business leadership roles since he joined GE in 1999. Mr. De Witte has over 16 years of increasing responsibility at General Electric's Healthcare business based in the United States and France, Mr. De Witte has demonstrated leadership in sales growth acceleration, operational efficiencies, organizational effectiveness, supply chain management, technology and product development and strategic realignment. He served as a General Electric company officer since 2007. Mr. De Witte has experience in leading global organizations combined with his background in value-added software and services. He has proven track record of developing new markets, driving operational efficiencies and managing product development. Prior to his tenure at General Electric, Mr. De Witte served for five years at McKinsey & Company Inc. in Brussels, Amsterdam and Zurich, where he served clients in the industrial and transportation sector on strategy and business development, business process reengineering and operational improvement. Between 1987 and 1991, he served positions in supply chain and production management at The Procter & Gamble Company in its Belgium operations. He has been a Director of Barco NV since April 27, 2017. He served as an Executive Director of Barco NV until September 12, 2016. He served as General Manager for Services- International and General Manager for Global Quality Six Sigma. Mr. De Witte graduated with the greatest distinction from the Katholieke Universiteit Leuven (Belgium) in 1987 with a Master's of Science Degree in Electro-Mechanical Engineering and earned his MBA in Marketing and Operations Management from Harvard Business School in 1993.

CEO Compensation
  • Insufficient data for Jan to compare compensation growth.
  • Insufficient data for Jan to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Barco management team in years:

2.1
Average Tenure
54
Average Age
  • The tenure for the Barco management team is about average.
Management Team

Jan De Witte

TITLE
CEO & Executive Director
AGE
54
TENURE
2.1 yrs

Ann Desender

TITLE
Senior VP & CFO
TENURE
2.1 yrs

Johan Heyman

TITLE
Senior Vice President of Operations

Kurt Verheggen

TITLE
Senior VP
AGE
48

Piet Candeel

TITLE
Senior Vice President of EMEA

Filip Pintelon

TITLE
Senior VP & GM of Healthcare Division
TENURE
3.8 yrs

Wim Buyens

TITLE
Senior VP & GM of Entertainment Division
TENURE
2 yrs

Ney Corsino

TITLE
Senior VP of Americas & Regional President of Americas

George Stromeyer

TITLE
Senior VP & GM of Enterprise Division
AGE
60
TENURE
2 yrs

Xavier Bourgois

TITLE
Senior Vice President of Information Technologies
Board of Directors Tenure

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

3.8
Average Tenure
62.5
Average Age
  • The tenure for the Barco board of directors is about average.
Board of Directors

Charles Beauduin

TITLE
Non-Executive Chairman
COMPENSATION
€100K
AGE
59
TENURE
3.8 yrs

Jan De Witte

TITLE
CEO & Executive Director
AGE
54
TENURE
1.5 yrs

Herman Daems

TITLE
Honorary Chairman
COMPENSATION
€205K
AGE
72
TENURE
3.8 yrs

Luc Missorten

TITLE
Independent Director
COMPENSATION
€77K
AGE
63

Jan Oosterveld

TITLE
Non-Executive Independent Director
COMPENSATION
€54K
AGE
74

Christina von Wackerbarth

TITLE
Non-Executive Independent Director
COMPENSATION
€49K
AGE
64

Bruno Holthof

TITLE
Non Executive Independent Director
COMPENSATION
€46K
AGE
57

Ashok Jain

TITLE
Non Executive Independent Director
COMPENSATION
€42K
AGE
63
TENURE
6 yrs

Hilde Laga

TITLE
Independent Non Executive Director
COMPENSATION
€41K
AGE
62
TENURE
4.5 yrs

Frank Donck

TITLE
Independent Director
COMPENSATION
€41K
AGE
53
TENURE
2.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Start End Shares Value (USD)
X
Management checks
We assess Barco'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. Barco 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.

News

External News
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Company Info

Map
Description

Barco NV designs, develops, and sells visualization and sharing solutions for the entertainment, enterprise, and healthcare markets worldwide. The company operates through Entertainment, Enterprise, and Healthcare segments. Its products include displays, monitors, and workstations comprise large format displays and medical display systems. The company also offers business, cinema, installation, postproduction, rental, simulation, and virtual reality projectors; LED displays, such as indoor and outdoor LED displays, as well as LED image processors; and visual display systems consisting of powerwalls, cave and curved displays, reconfigurable displays, display management, multi-projector system management tools, and coated rear-projection screens. In addition, it provides laser video walls, LCD and LED video walls, LED rear-projection video walls, video wall controllers, control room services, and upgrade kits; networked solutions for operating rooms, enterprises and control rooms, meeting and training rooms, and education; Image processing products, such as presentation switchers, cards, controllers, and scalers; AV streaming products, including recording and playback, software, management servers, and encoders and decoders; and digital media players. Further, the company offers presentation and collaboration solutions; 3D sound products; cinema software; a suite of support services comprising spare parts management, support, certified training, etc.; options and accessories, such as lenses, mechanics, lamps, sensors, and others; immersive cinema format; and enterprise control solutions. Barco NV was founded in 1934 and is headquartered in Kortrijk, Belgium.

Details
Name: Barco NV
BCNA.F
Exchange: OTCPK
Founded: 1934
€1,434,100,200
12,456,960
Website: http://www.barco.com
Address: Barco NV
Beneluxpark 21,
Kortrijk,
West Flanders, 8500,
Belgium
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTBR BAR Ordinary Shares Euronext Brussels BE EUR 14. Nov 2000
OTCPK BCNA.F Ordinary Shares Pink Sheets LLC US USD 14. Nov 2000
DB BC1N Ordinary Shares Deutsche Boerse AG DE EUR 14. Nov 2000
LSE 0KDK Ordinary Shares London Stock Exchange GB EUR 14. Nov 2000
BATS-CHIXE BARB Ordinary Shares BATS 'Chi-X Europe' GB EUR 14. Nov 2000
OTCPK BCNA.Y ADR Pink Sheets LLC US USD 13. Oct 2008
Number of employees
Current staff
Staff numbers
3,686
Barco employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/10/22 21:14
End of day share price update: 2018/07/25 00:00
Last estimates confirmation: 2018/10/18
Last earnings filing: 2018/07/19
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


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.