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Bluegreen Vacations

DB:6BV
Snowflake Description

Undervalued with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
6BV
DB
$321M
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

Bluegreen Vacations Corporation operates as a vacation ownership company that markets and sells vacation ownership interests (VOIs) in the United States. The last earnings update was 24 days ago. More info.


Add to Portfolio Compare Print
  • Bluegreen Vacations has significant price volatility in the past 3 months.
6BV Share Price and Events
7 Day Returns
-0.9%
DB:6BV
-6.8%
DE Hospitality
-0.6%
DE Market
1 Year Returns
-68.7%
DB:6BV
-48.1%
DE Hospitality
-20.9%
DE Market
6BV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bluegreen Vacations (6BV) -0.9% -30.2% -52.4% -68.7% - -
DE Hospitality -6.8% -31.3% -57.6% -48.1% -63.2% -70.6%
DE Market -0.6% -18.6% -26.2% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • 6BV underperformed the Hospitality industry which returned -48.1% over the past year.
  • 6BV underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
6BV
Industry
5yr Volatility vs Market

6BV Value

 Is Bluegreen Vacations 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 Bluegreen Vacations 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 Bluegreen Vacations.

DB:6BV 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 8.9%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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 DB:6BV
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.78
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.782 (1 + (1- 21%) (206.44%))
1.708
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.71
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.708 * 5.44%)
8.9%

Discounted Cash Flow Calculation for DB:6BV using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Bluegreen Vacations is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:6BV DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.9%)
2020 66.23 Analyst x1 60.82
2021 45.47 Analyst x2 38.34
2022 45.21 Est @ -0.56% 35.00
2023 44.98 Est @ -0.51% 31.98
2024 44.77 Est @ -0.48% 29.22
2025 44.56 Est @ -0.45% 26.71
2026 44.37 Est @ -0.43% 24.42
2027 44.19 Est @ -0.42% 22.33
2028 44.00 Est @ -0.41% 20.42
2029 43.83 Est @ -0.4% 18.68
Present value of next 10 years cash flows $307.00
DB:6BV DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $43.83 × (1 + -0.39%) ÷ (8.9% – -0.39%)
$469.71
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $469.71 ÷ (1 + 8.9%)10
$200.16
DB:6BV Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $307.00 + $200.16
$507.16
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $507.16 / 74.36
$6.82
DB:6BV Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:6BV represents 0.98612x of NYSE:BXG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.98612x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 6.82 x 0.98612
€6.73
Value per share (EUR) From above. €6.73
Current discount Discount to share price of €4.26
= -1 x (€4.26 - €6.73) / €6.73
36.7%

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

Current Discount
Amount off the current price Bluegreen Vacations is available for.
Intrinsic value
37%
Share price is €4.26 vs Future cash flow value of €6.73
Current Discount Checks
For Bluegreen Vacations to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Bluegreen Vacations's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Bluegreen Vacations'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 Bluegreen Vacations's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bluegreen Vacations's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:6BV PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.47
NYSE:BXG Share Price ** NYSE (2020-04-03) in USD $4.32
Germany Hospitality Industry PE Ratio Median Figure of 9 Publicly-Listed Hospitality Companies 21.1x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.57x

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

** Primary Listing of Bluegreen Vacations.

DB:6BV PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:BXG Share Price ÷ EPS (both in USD)

= 4.32 ÷ 0.47

9.23x

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

  • Bluegreen Vacations is good value based on earnings compared to the DE Hospitality industry average.
  • Bluegreen Vacations is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Bluegreen Vacations's expected growth come at a high price?
Raw Data
DB:6BV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
24.3%per year
Europe Hospitality Industry PEG Ratio Median Figure of 63 Publicly-Listed Hospitality Companies 0.96x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.17x

*Line of best fit is calculated by linear regression .

DB:6BV PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.23x ÷ 24.3%

0.38x

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

  • Bluegreen Vacations is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Bluegreen Vacations's assets?
Raw Data
DB:6BV PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $5.60
NYSE:BXG Share Price * NYSE (2020-04-03) in USD $4.32
Germany Hospitality Industry PB Ratio Median Figure of 12 Publicly-Listed Hospitality Companies 1.73x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:6BV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:BXG Share Price ÷ Book Value per Share (both in USD)

= 4.32 ÷ 5.60

0.77x

* Primary Listing of Bluegreen Vacations.

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

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

6BV Future Performance

 How is Bluegreen Vacations 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
24.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bluegreen Vacations expected to grow at an attractive rate?
  • Bluegreen Vacations's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Bluegreen Vacations's earnings growth is expected to exceed the Germany market average.
  • Bluegreen Vacations's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:6BV Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:6BV Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 24.3%
DB:6BV Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 5.1%
Germany Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 28.9%
Germany Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*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
DB:6BV 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 USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:6BV Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 758 47 59 3
2020-12-31 738 65 58 3
2020-04-05
DB:6BV Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 680 71 35
2019-09-30 666 81 44
2019-06-30 668 65 44
2019-03-31 673 74 82
2018-12-31 676 77 88
2018-09-30 684 63 135
2018-06-30 679 65 133
2018-03-31 674 72 130
2017-12-31 671 66 127
2017-09-30 671 65 86
2017-06-30 671 61 90
2017-03-31 653 77 79

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bluegreen Vacations's earnings are expected to grow significantly at over 20% yearly.
  • Bluegreen Vacations's revenue is expected to grow by 5.1% 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
DB:6BV 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 Bluegreen Vacations Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:6BV Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.80 0.81 0.79 3.00
2020-12-31 0.78 0.80 0.75 2.00
2020-04-05
DB:6BV Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.47
2019-09-30 0.59
2019-06-30 0.59
2019-03-31 1.10
2018-12-31 1.18
2018-09-30 1.81
2018-06-30 1.81
2018-03-31 1.79
2017-12-31 1.77
2017-09-30 1.21
2017-06-30 1.27
2017-03-31 1.12

*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.
  • Unable to establish if Bluegreen Vacations will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Bluegreen Vacations'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
Bluegreen Vacations has a total score of 4/6, 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.

6BV Past Performance

  How has Bluegreen Vacations 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 Bluegreen Vacations's growth in the last year to its industry (Hospitality).
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.
  • Bluegreen Vacations's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Bluegreen Vacations's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Bluegreen Vacations's 1-year earnings growth is negative, it can't be compared to the DE Hospitality industry average.
Earnings and Revenue History
Bluegreen Vacations'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 Bluegreen Vacations Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:6BV Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 680.26 34.85 425.12
2019-09-30 666.17 44.09 454.57
2019-06-30 668.47 44.25 450.16
2019-03-31 673.07 82.14 412.54
2018-12-31 675.97 87.96 415.40
2018-09-30 683.66 134.58 418.95
2018-06-30 679.47 132.63 419.32
2018-03-31 673.84 129.91 416.76
2017-12-31 670.94 126.58 421.20
2017-09-30 670.59 85.75 407.88
2017-06-30 670.62 89.84 406.82
2017-03-31 652.96 79.23 402.10
2016-12-31 670.38 77.88 419.93
2016-09-30 653.60 68.12 415.71
2016-06-30 688.64 68.74 409.51
2016-03-31 644.81 70.41 401.01
2015-12-31 617.35 70.30 373.80
2015-09-30 587.92 63.97 368.15
2015-06-30 501.29 53.07 356.92
2015-03-31 497.17 56.35 348.27
2014-12-31 498.66 57.24 345.19
2013-06-30 489.67 44.20 280.30

*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.
  • Bluegreen Vacations has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bluegreen Vacations used its assets more efficiently than the DE Hospitality industry average last year based on Return on Assets.
  • Bluegreen Vacations's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Bluegreen Vacations'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 Hospitality 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.
Bluegreen Vacations 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.

6BV Health

 How is Bluegreen Vacations'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 Bluegreen Vacations's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bluegreen Vacations is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Bluegreen Vacations's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Bluegreen Vacations'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 1.8x 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 Bluegreen Vacations Company Filings, last reported 3 months ago.

DB:6BV Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 465.66 641.06 190.01
2019-09-30 470.79 627.69 183.21
2019-06-30 460.87 646.62 180.17
2019-03-31 479.58 634.87 189.88
2018-12-31 475.37 663.65 219.41
2018-09-30 472.81 642.43 195.44
2018-06-30 464.84 647.65 205.75
2018-03-31 446.03 567.78 167.85
2017-12-31 433.65 591.70 197.34
2017-09-30 314.74 585.03 124.00
2017-06-30 317.12 610.66 145.47
2017-03-31 290.21 582.42 144.12
2016-12-31 290.21 582.42 144.12
2016-09-30 291.29 556.92 124.52
2016-06-30
2016-03-31 287.68 570.78 115.52
2015-12-31 287.68 570.78 115.52
2015-09-30 291.76 557.46 107.78
2015-06-30 291.76 557.46 107.78
2015-03-31 287.88 569.22 186.12
2014-12-31 271.84 567.45 185.17
2013-06-30 266.20 612.70 113.70
  • Bluegreen Vacations's level of debt (137.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (208.6% vs 137.7% today).
  • Debt is not well covered by operating cash flow (11%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.7x coverage).
X
Financial health checks
We assess Bluegreen Vacations'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. Bluegreen Vacations has a total score of 4/6, 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.

6BV Dividends

 What is Bluegreen Vacations'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
14.81%
Current annual income from Bluegreen Vacations dividends. Estimated to be 12.04% next year.
If you bought €2,000 of Bluegreen Vacations shares you are expected to receive €296 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?
  • Bluegreen Vacations's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • Bluegreen Vacations's dividend is above the markets top 25% of dividend payers in Germany (4.86%).
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
DB:6BV 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
Germany Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 11.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 316 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

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

DB:6BV Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.52 2.00
2020-12-31 0.52 2.00
2020-04-05
DB:6BV Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-10-31 0.640 7.962
2019-07-30 0.680 7.078
2019-04-18 0.680 6.026
2019-01-14 0.680 4.720
2018-10-18 0.600 4.635
2018-07-18 0.600 3.176
2018-04-19 0.600 2.692
2018-01-03 0.600 3.061

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

  • Bluegreen Vacations has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Bluegreen Vacations only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of Bluegreen Vacations's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
X
Income/ dividend checks
We assess Bluegreen Vacations's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Bluegreen Vacations afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bluegreen Vacations 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.

6BV Management

 What is the CEO of Bluegreen Vacations'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
Alan Levan
COMPENSATION $100
AGE 74
TENURE AS CEO 0.3 years
CEO Bio

Mr. Alan B. Levan is a Founder of BBX Capital Corporation (formerly known as BFC Financial Corp) and has been its Chief Executive Officer and Chairman of the Board since February 2017 and serves as its Chairman. Mr. Levan served as Non-Executive Advisor of BBX Capital Corporation (formerly known as BFC Financial Corp) since December 22, 2015. He was the Founder at BFC Financial Corporation. Mr. Levan served as the Chairman, Chief Executive Officer and President of BFC Financial Corporation from 1978 to December 22, 2015. Mr. Levan served as the Chief Executive Officer of Levitt Corp. Mr. Levan served as the President of I.R.E. Realty Advisors Inc., I.R.E. Properties Inc., I.R.E. Realty Advisory Group Inc. and Florida Partners Corp. Mr. Levan served as the Chairman and Chief Executive Officer of BBX Capital Corporation from 1994 to December 22, 2015. He served as the President of BBX Capital Corporation. He is an Individual General Partner and an officer and a Director of the corporate general Partner of a public limited Partnership that is affiliated with BFC Financial Corp. Mr. Levan founded IRE Financial in 1971. He served as the Chief Executive Officer and Chairman of Woodbridge Holdings Corporation from 1985 to 2009. Mr. Levan has been the Chairman and Director of Levitt Corp. since 1987. He has been Non-Executive Chairman of the Board of Bluegreen Vacations Corporation since May 2017 and has been its Director since 2002 and serves as its President and Chief Executive Officer since January 01, 2020. From May 2015 until February 2017, he served Bluegreen in a non-executive capacity. He serves as the Chairman of Stratstone Advisors LLC-Manager of Stratstone/Bluegreen Secured Income Fund LLC. He is a Co-Founder and Co-Chairman of the Susie and Alan B. Levan NSU Ambassadors Board. Mr. Levan serves as the Chairman of I.R.E. Realty Advisors Inc., I.R.E. Properties Inc., I.R.E. Realty Advisory Group Inc. and Florida Partners Corp. He served as the Chairman of BankAtlantic BanCorp. Inc. He served as the Chairman of Bluegreen Corp. since May 2002 until December 2015. He served as Chairman of Levitt Corporation until September 24, 2015. He established BankAtlantic Foundation in 1994, and served as Fiunder and Chairman. Mr. Levan has spearHeaded BankAtlantic’s commitment to support Habitat for Humanity in that organizations effort to eradicate poverty housing in Florida. He served as the Chairman of BankAtlantic from 1987 to 2012. He served as a Director of Bluegreen Vacations Unlimited, Inc. He served as a Director of BFC Financial Corporation from 1978 to December 22, 2015. He served as a Director of Benihana Inc. from June 10, 2009 to August 2012. Mr. Levan is a Member of the Nova Southeastern University Board of Trustees and former Chairman of the Board of Directors of Broward Community College Foundation, as well as a Member of the Florida Grand Opera, WPO, Broward Leadership and the University of Miami Citizens Board. He is the recipient of the Spirit of Humanity Award; the Nova Southeastern University Entrepreneurship Hall of Fame Award, 2004; Greater Miami Chamber of Commerce’s Cutting Edge Award; Sun-Sentinel’s Excalibur Business Leader of the Year Award; Cutting Edge Award; and received the Ernst & Young Entrepreneur of the Year award for the state of Florida in 2003. He is a graduate of Tulane University.

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

Average tenure and age of the Bluegreen Vacations management team in years:

0.6
Average Tenure
48
Average Age
  • The average tenure for the Bluegreen Vacations management team is less than 2 years, this suggests a new team.
Management Team

Ahmad Wardak

TITLE
Executive VP & Chief Marketing Officer
COMPENSATION
$1M
AGE
47
TENURE
0.6 yrs

Alan Levan

TITLE
President
COMPENSATION
$100
AGE
74
TENURE
0.3 yrs

Ray Lopez

TITLE
Executive VP
AGE
44
TENURE
0.6 yrs

Adrienne Kelley

TITLE
Senior VP & Chief Accounting Officer

Justin Taylor

TITLE
Executive VP & Chief Human Resources Officer
AGE
46

Chanse Rivera

TITLE
Executive VP & Chief Information Officer
AGE
49
TENURE
7.3 yrs

Susan Saturday

TITLE
Executive VP & Chief Administrative Officer
AGE
59
TENURE
0.6 yrs

Devin Sullivan

TITLE
Investor Relations Professional

Jorge de la Osa

TITLE
Chief Legal & Compliance Officer and Executive VP
TENURE
2.1 yrs

Dusty Tonkin

TITLE
Executive VP & Chief Sales Officer
TENURE
0.5 yrs
Board of Directors Tenure

Average tenure and age of the Bluegreen Vacations board of directors in years:

8.8
Average Tenure
70.5
Average Age
  • The tenure for the Bluegreen Vacations board of directors is about average.
Board of Directors

Alan Levan

TITLE
President
COMPENSATION
$100
AGE
74
TENURE
2.9 yrs

Jack Abdo

TITLE
Non-Executive Vice Chairman
COMPENSATION
$7K
AGE
75
TENURE
2.9 yrs

Arnold Sevell

TITLE
Independent Director
COMPENSATION
$84K
AGE
71
TENURE
18.3 yrs

Norman Becker

TITLE
Independent Director
COMPENSATION
$85K
AGE
81
TENURE
17.1 yrs

James Allmand

TITLE
Independent Director
COMPENSATION
$74K
AGE
70
TENURE
8.8 yrs

Lawrence Cirillo

TITLE
Independent Director
COMPENSATION
$80K
AGE
80
TENURE
16.5 yrs

Mark Nerenhausen

TITLE
Independent Director
COMPENSATION
$70K
AGE
64
TENURE
16.5 yrs

Orlando Sharpe

TITLE
Independent Director
COMPENSATION
$70K
AGE
60
TENURE
8.8 yrs

Jarett Levan

TITLE
Director
AGE
45
TENURE
2.7 yrs

Seth Wise

TITLE
Director
AGE
49
TENURE
2.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
23. Dec 19 Buy Dusty Tonkin Individual 18. Dec 19 18. Dec 19 10,100 €9.27 €93,635
X
Management checks
We assess Bluegreen Vacations'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. Bluegreen Vacations 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.

6BV News

Simply Wall St News

6BV Company Info

Description

Bluegreen Vacations Corporation operates as a vacation ownership company that markets and sells vacation ownership interests (VOIs) in the United States. It operates through two segments, Sales of VOIs and Financing; and Resort Operations and Club Management. The company offers VOIs in resorts that are developed or acquired by the company, or developed and owned by third parties. Its resort network includes 45 club resorts and 23 club associate resorts. The company also provides management services to the Vacation Club and homeowners’ associations; mortgage servicing; VOI title services; reservation services; and financing to VOI purchases, as well as construction, design, and development services. In addition, it offers traveler plus programs; food and beverage, and retail services; rental services to third parties; and management of construction activities. The company was formerly known as Bluegreen Corporation and changed its name to Bluegreen Vacations Corporation in September 2017. Bluegreen Vacations Corporation was founded in 1966 and is headquartered in Boca Raton, Florida. Bluegreen Vacations Corporation is a subsidiary of Woodbridge Holdings, LLC.

Details
Name: Bluegreen Vacations Corporation
6BV
Exchange: DB
Founded: 1966
$297,763,690
74,362,693
Website: http://www.bluegreenvacations.com
Address: Bluegreen Vacations Corporation
4960 Conference Way North,
Suite 100,
Boca Raton,
Florida, 33431,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE BXG New Common Stock New York Stock Exchange US USD 17. Nov 2017
DB 6BV New Common Stock Deutsche Boerse AG DE EUR 17. Nov 2017
Number of employees
Current staff
Staff numbers
5,873
Bluegreen Vacations employees.
Industry
Hotels, Resorts and Cruise Lines
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/05 23:05
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/03/10
Last earnings filing: 2020/03/12
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.