OTCPK:BCNA.F

Stock Analysis Report

Executive Summary

Barco NV develops visualization solutions for the entertainment, enterprise, and healthcare markets worldwide.

Rewards

Earnings are forecast to grow 16.82% per year

Earnings grew by 27.2% over the past year

Risk Analysis

No risks detected for BCNA.F from our risk checks.


Snowflake Analysis

Flawless balance sheet with proven track record.


Similar Companies

Share Price & News

How has Barco's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BCNA.F has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

BCNA.F

-10.2%

US Electronic

-10.6%

US Market


1 Year Return

n/a

BCNA.F

-4.4%

US Electronic

5.2%

US Market

Return vs Industry: Insufficient data to determine how BCNA.F performed against the US Electronic industry.

Return vs Market: Insufficient data to determine how BCNA.F performed against the US Market.


Shareholder returns

BCNA.FIndustryMarket
7 Day0%-10.2%-10.6%
30 Day-0.4%-11.8%-8.5%
90 Dayn/a-10.8%-4.6%
1 Yearn/a-3.4%-4.4%7.4%5.2%
3 Year174.8%174.8%21.2%17.8%31.7%23.2%
5 Year274.2%274.2%50.8%43.3%56.4%39.3%

Price Volatility Vs. Market

How volatile is Barco's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Barco undervalued compared to its fair value and its price relative to the market?

26.24x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BCNA.F ($245.5) is trading above our estimate of fair value ($221.21)

Significantly Below Fair Value: BCNA.F is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BCNA.F is poor value based on its PE Ratio (26.2x) compared to the Electronic industry average (17.3x).

PE vs Market: BCNA.F is poor value based on its PE Ratio (26.2x) compared to the US market (16.9x).


Price to Earnings Growth Ratio

PEG Ratio: BCNA.F is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: BCNA.F is overvalued based on its PB Ratio (3.6x) compared to the US Electronic industry average (1.8x).


Next Steps

Future Growth

How is Barco forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

16.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BCNA.F's forecast earnings growth (16.8% per year) is above the savings rate (1.7%).

Earnings vs Market: BCNA.F's earnings (16.8% per year) are forecast to grow faster than the US market (13% per year).

High Growth Earnings: BCNA.F's earnings are forecast to grow, but not significantly.

Revenue vs Market: BCNA.F's revenue (6.8% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: BCNA.F's revenue (6.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BCNA.F's Return on Equity is forecast to be low in 3 years time (17.5%).


Next Steps

Past Performance

How has Barco performed over the past 5 years?

59.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BCNA.F has high quality earnings.

Growing Profit Margin: BCNA.F's current net profit margins (8.8%) are higher than last year (7.3%).


Past Earnings Growth Analysis

Earnings Trend: BCNA.F's earnings have grown significantly by 59.6% per year over the past 5 years.

Accelerating Growth: BCNA.F's earnings growth over the past year (27.2%) is below its 5-year average (59.6% per year).

Earnings vs Industry: BCNA.F earnings growth over the past year (27.2%) exceeded the Electronic industry 13.1%.


Return on Equity

High ROE: BCNA.F's Return on Equity (13%) is considered low.


Next Steps

Financial Health

How is Barco's financial position?


Financial Position Analysis

Short Term Liabilities: BCNA.F's short term assets (€781.2M) exceed its short term liabilities (€316.3M).

Long Term Liabilities: BCNA.F's short term assets (€781.2M) exceed its long term liabilities (€117.3M).


Debt to Equity History and Analysis

Debt Level: BCNA.F's debt to equity ratio (3.5%) is considered satisfactory.

Reducing Debt: BCNA.F's debt to equity ratio has reduced from 14.2% to 3.5% over the past 5 years.

Debt Coverage: BCNA.F's debt is well covered by operating cash flow (423.1%).

Interest Coverage: BCNA.F earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

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

Debt Coverage by Assets: BCNA.F's debt is covered by short term assets (assets are 30.4x debt).


Next Steps

Dividend

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

1.33%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BCNA.F's dividend (1.33%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.59%).

High Dividend: BCNA.F's dividend (1.33%) is low compared to the top 25% of dividend payers in the US market (4.09%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, BCNA.F has been paying a dividend for less than 10 years.

Growing Dividend: BCNA.F's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (34.9%), BCNA.F's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BCNA.F's dividends in 3 years are forecast to be well covered by earnings (26.8% payout ratio).


Next Steps

Management

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

3.4yrs

Average management tenure


CEO

Jan De Witte (55yo)

3.4yrs

Tenure

€1,640,412

Compensation

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  ...


CEO Compensation Analysis

Compensation vs Market: Jan's total compensation ($USD1.80M) is below average for companies of similar size in the US market ($USD5.04M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Jan De Witte
CEO & Executive Director3.4yrs€1.64mno data
Ann Desender
Senior VP & CFO3.4yrsno datano data
Rob Jonckheere
Senior Vice President of Global Operations0yrsno datano data
Gerwin Damberg
Chief Technology Officer0.8yrsno datano data
Kurt Verheggen
Senior VP0yrsno datano data
An Dewaele
Senior VP & Chief Human Resources Officer 3.1yrsno datano data
Filip Pintelon
Senior VP & GM of Healthcare Division5.1yrsno datano data
Johan Heyman
Senior Vice President of Organizational Excellence0yrsno datano data
George Stromeyer
Senior VP & GM of Enterprise Division3.3yrsno datano data
Xavier Bourgois
Senior Vice President of Information Technologies0yrsno datano data

3.4yrs

Average Tenure

55yo

Average Age

Experienced Management: BCNA.F's management team is considered experienced (3.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jan De Witte
CEO & Executive Director3.4yrs€1.64mno data
Herman Daems
Honorary Chairman5.1yrs€205.00kno data
Ashok Jain
Non Executive Director7.3yrs€49.80kno data
Luc Missorten
Director0yrs€81.13kno data
Frank Donck
Independent Director4yrs€58.05kno data
Hilde Laga
Independent Non Executive Director5.8yrs€50.40kno data
Ann Steegen
Independent Director2.8yrs€57.45kno data
Charles Beauduin
Non-Executive Chairman5.1yrs€120.00kno data

5.1yrs

Average Tenure

61.5yo

Average Age

Experienced Board: BCNA.F's board of directors are considered experienced (5.1 years average tenure).


Ownership

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.


Ownership Breakdown

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


Top Shareholders

Company Information

Barco NV's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Barco NV
  • Ticker: BCNA.F
  • Exchange: OTCPK
  • Founded: 1934
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: €2.510b
  • Listing Market Cap: €2.755b
  • Shares outstanding: 12.59m
  • Website: https://www.barco.com

Number of Employees


Location

  • Barco NV
  • Beneluxpark 21
  • Kortrijk
  • West Flanders
  • 8500
  • Belgium

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BCNA.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDNov 2000
BARENXTBR (Euronext Brussels)YesOrdinary SharesBEEURNov 2000
BC1NDB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 2000
0KDKLSE (London Stock Exchange)YesOrdinary SharesGBEURNov 2000
BARBBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURNov 2000
BCNA.YOTCPK (Pink Sheets LLC)ADRUSUSDOct 2008

Biography

Barco NV develops visualization solutions for the entertainment, enterprise, and healthcare markets worldwide. The company operates through three divisions: Entertainment, Enterprise, and Healthcare. It offers cinema, installation, postproduction, rental, simulation, and virtual reality projectors; presentation switchers and screen management systems, scalers, and converters; LED image processing, and indoor LED displays; and laser, LCD, LED rear-projection, and LED video walls, as well as video wall controllers and upgrade kits. The company also provides wireless conferencing and collaboration solutions, including ClickShare, and wePresent. In addition, it offers 3D sound products; options and accessories, such as boards/cards, lamps, lenses, mechanics, sensors, and others; cinema software; visual display systems; and a portfolio of support, maintenance, training, and professional services. Further, the company provides collaborative learning solutions; critical decision making solutions, such as breakout and control rooms, field workers, and operators; networked solutions to distribute video and data over the standard IP network; A/V control solutions; and AV streaming hardware and software technologies for video streaming, recording, and device management over IP networks. Additionally, it offers software products for clinical collaboration; and medical display systems, as well as solutions for operating rooms. Barco NV was founded in 1934 and is headquartered in Kortrijk, Belgium. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/28 00:35
End of Day Share Price2020/02/19 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.