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B&S Group

DB:70B
Snowflake Description

Undervalued with adequate balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
70B
DB
€379M
Market Cap
  1. Home
  2. DE
  3. Retail
Company description

B&S Group S.A. distributes consumer goods worldwide. The last earnings update was 30 days ago. More info.


Add to Portfolio Compare Print
  • B&S Group has significant price volatility in the past 3 months.
70B Share Price and Events
7 Day Returns
3.1%
DB:70B
-1%
Europe Retail Distributors
-2.7%
DE Market
1 Year Returns
-64.2%
DB:70B
-16.6%
Europe Retail Distributors
-20.4%
DE Market
70B Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
B&S Group (70B) 3.1% -46.1% -55.3% -64.2% - -
Europe Retail Distributors -1% -23.4% -33.3% -16.6% -32.4% -21.3%
DE Market -2.7% -18.4% -26.7% -20.4% -25.9% -30.4%
1 Year Return vs Industry and Market
  • 70B underperformed the Retail Distributors industry which returned -16.6% over the past year.
  • 70B underperformed the Market in Germany which returned -20.4% over the past year.
Price Volatility
70B
Industry
5yr Volatility vs Market
Related Companies

70B Value

 Is B&S Group 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 B&S Group 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 B&S Group.

DB:70B 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 6.2%
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:70B
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Retail Distributors Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.724 (1 + (1- 26.01%) (110.42%))
1.212
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.21
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.212 * 5.44%)
6.2%

Discounted Cash Flow Calculation for DB:70B using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for B&S Group 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:70B DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.2%)
2020 110.05 Est @ 11.15% 103.62
2021 118.51 Est @ 7.69% 105.07
2022 124.75 Est @ 5.27% 104.14
2023 129.20 Est @ 3.57% 101.56
2024 132.28 Est @ 2.38% 97.91
2025 134.33 Est @ 1.55% 93.62
2026 135.63 Est @ 0.97% 89.00
2027 136.39 Est @ 0.56% 84.27
2028 136.77 Est @ 0.28% 79.57
2029 136.87 Est @ 0.08% 74.98
Present value of next 10 years cash flows €933.00
DB:70B DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €136.87 × (1 + -0.39%) ÷ (6.2% – -0.39%)
€2,067.94
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €2,067.94 ÷ (1 + 6.2%)10
€1,132.85
DB:70B Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €933.00 + €1,132.85
€2,065.85
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €2,065.85 / 84.18
€24.54
DB:70B Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:70B represents 0.95666x of ENXTAM:BSGR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.95666x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 24.54 x 0.95666
€23.48
Value per share (EUR) From above. €23.48
Current discount Discount to share price of €4.31
= -1 x (€4.31 - €23.48) / €23.48
81.7%

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

Current Discount
Amount off the current price B&S Group is available for.
Intrinsic value
>50%
Share price is €4.31 vs Future cash flow value of €23.48
Current Discount Checks
For B&S Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • B&S Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • B&S Group's share price is below the future cash flow value, and 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 B&S Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are B&S Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:70B PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €0.56
ENXTAM:BSGR Share Price ** ENXTAM (2020-04-02) in EUR €4.5
Europe Retail Distributors Industry PE Ratio Median Figure of 18 Publicly-Listed Retail Distributors Companies 9.21x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.15x

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

** Primary Listing of B&S Group.

DB:70B PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTAM:BSGR Share Price ÷ EPS (both in EUR)

= 4.5 ÷ 0.56

8.07x

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

  • B&S Group is good value based on earnings compared to the Europe Retail Distributors industry average.
  • B&S Group is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does B&S Group's expected growth come at a high price?
Raw Data
DB:70B PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.07x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
9.5%per year
Europe Retail Distributors Industry PEG Ratio Median Figure of 5 Publicly-Listed Retail Distributors Companies 0.78x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.17x

*Line of best fit is calculated by linear regression .

DB:70B PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.07x ÷ 9.5%

0.85x

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

  • B&S Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on B&S Group's assets?
Raw Data
DB:70B PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €2.88
ENXTAM:BSGR Share Price * ENXTAM (2020-04-02) in EUR €4.5
Europe Retail Distributors Industry PB Ratio Median Figure of 23 Publicly-Listed Retail Distributors Companies 1.04x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:70B PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTAM:BSGR Share Price ÷ Book Value per Share (both in EUR)

= 4.5 ÷ 2.88

1.56x

* Primary Listing of B&S Group.

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

  • B&S Group is overvalued based on assets compared to the Europe Retail Distributors industry average.
X
Value checks
We assess B&S Group'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 Retail Distributors 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 Retail Distributors industry average (and greater than 0)? (1 check)
  5. B&S Group 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.

70B Future Performance

 How is B&S Group 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
9.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is B&S Group expected to grow at an attractive rate?
  • B&S Group's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • B&S Group's earnings growth is positive but not above the Germany market average.
  • B&S Group's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:70B Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:70B Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 9.5%
DB:70B Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 2.4%
Europe Retail Distributors Industry Earnings Growth Rate Market Cap Weighted Average -4.9%
Europe Retail Distributors Industry Revenue Growth Rate Market Cap Weighted Average -0.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*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:70B 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.
DB:70B Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 2,103 47 57 3
2021-12-31 1,992 22 49 3
2020-12-31 1,835 143 34 3
2020-04-03
DB:70B Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 1,979 115 47
2019-09-30 1,928 83 52
2019-06-30 1,878 51 56
2019-03-31 1,812 27 58
2018-12-31 1,746 4 60
2018-09-30 1,655 16 63
2018-06-30 1,564 29 65
2018-03-31 1,530 60 66
2017-12-31 1,496 91 68

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • B&S Group's earnings are expected to grow by 9.5% yearly, however this is not considered high growth (20% yearly).
  • B&S Group's revenue is expected to grow by 2.4% 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:70B 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 B&S Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:70B Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.67 0.68 0.67 2.00
2021-12-31 0.58 0.61 0.55 2.00
2020-12-31 0.41 0.46 0.36 2.00
2020-04-03
DB:70B Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 0.56
2019-09-30 0.61
2019-06-30 0.67
2019-03-31 0.69
2018-12-31 0.72
2018-09-30 0.74
2018-06-30 0.77
2018-03-31 0.79
2017-12-31 0.81

*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.
  • B&S Group is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess B&S Group'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
B&S Group has a total score of 2/6, 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.

70B Past Performance

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

DB:70B Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1,978.82 46.96 114.70
2019-09-30 1,928.35 51.67 108.75
2019-06-30 1,877.88 56.37 102.79
2019-03-31 1,812.18 58.38 96.12
2018-12-31 1,746.48 60.39 89.45
2018-09-30 1,655.39 62.51 83.36
2018-06-30 1,564.30 64.62 77.26
2018-03-31 1,530.07 66.25 75.47
2017-12-31 1,495.84 67.88 73.68
2016-12-31 1,339.49 60.91 64.04
2015-12-31 1,338.29 60.21 59.09
2014-12-31 1,152.17 45.11 64.74

*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.
  • Whilst B&S Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • B&S Group used its assets more efficiently than the Europe Retail Distributors industry average last year based on Return on Assets.
  • B&S Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess B&S Group'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 Retail Distributors 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.
B&S Group 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.

70B Health

 How is B&S Group'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 B&S Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • B&S Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • B&S Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of B&S Group'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 1.9x 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 B&S Group Company Filings, last reported 3 months ago.

DB:70B Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 291.77 346.59 50.88
2019-09-30 291.77 346.59 50.88
2019-06-30 289.00 386.38 32.60
2019-03-31 289.00 386.38 32.60
2018-12-31 273.10 359.91 26.90
2018-09-30 273.10 359.91 26.90
2018-06-30 244.02 303.41 15.67
2018-03-31 244.02 303.41 15.67
2017-12-31 239.59 221.63 17.39
2016-12-31 230.04 226.04 13.21
2015-12-31 195.91 190.51 8.17
2014-12-31 155.83 168.13 7.88
  • B&S Group's level of debt (118.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (107.9% vs 118.8% today).
  • Debt is well covered by operating cash flow (33.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.7x coverage).
X
Financial health checks
We assess B&S Group'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. B&S Group 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.

70B Dividends

 What is B&S Group'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
4.89%
Current annual income from B&S Group dividends. Estimated to be 5.78% next year.
If you bought €2,000 of B&S Group shares you are expected to receive €98 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?
  • B&S Group's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.65%).
  • B&S Group'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:70B 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
Europe Retail Distributors Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 4.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 320 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:70B Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.30 3.00
2021-12-31 0.26 3.00
2020-12-31 0.23 3.00
2020-04-03
DB:70B Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-03-04 0.220 4.344
2020-02-24 0.220 2.648
2019-11-04 0.290 3.008
2019-03-06 0.320 2.558
2019-02-25 0.320 2.709
2018-08-28 0.260 1.775

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

  • B&S Group has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • B&S Group has only been paying a dividend for 2 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of B&S Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.3x coverage).
X
Income/ dividend checks
We assess B&S Group'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 B&S Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. B&S Group has a total score of 4/6, see the detailed checks below.


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

70B Management

 What is the CEO of B&S Group'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
J. Meulman
COMPENSATION €1,121,000
AGE 52
TENURE AS CEO 16.3 years
CEO Bio

Mr. J. Bert Meulman is the Chief Executive Officer at B&S Group S.A since 2004 and serves as its Member of the Executive Board. He started his career in a sales role at Kamstra Shipstores - which currently forms part of the HTG Segment - and became partner there three years later. He served as the Managing Director of a group of companies that currently forms part of the HTG Segment. Mr. Meulman serves as Chief Executive Officer of B. & S. International BV at Koninklijke Capi-Lux Holding B.V.

CEO Compensation
  • Insufficient data for J. to compare compensation growth.
  • J.'s remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the B&S Group management team in years:

8.3
Average Tenure
52
Average Age
  • The average tenure for the B&S Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

J. Meulman

TITLE
CEO & Member of the Executive Board
COMPENSATION
€1M
AGE
52
TENURE
16.3 yrs

Gert van Laar

TITLE
CFO & Member of the Executive Board
COMPENSATION
€467K
AGE
65
TENURE
11.3 yrs

Bas L. Schreuders

TITLE
Senior Counsel & Member of the Executive Board
COMPENSATION
€159K
AGE
65
TENURE
8.3 yrs

Niels G. Groen

TITLE
Member of the Executive Board & Finance Director
COMPENSATION
€151K
AGE
32
TENURE
2.3 yrs

Anke Bongers

TITLE
Manager of Investor Relations

Peter Kruithof

TITLE
CFO, Member of the Executive Board & Corporate Treasurer
AGE
37
TENURE
4.3 yrs
Board of Directors Tenure

Average tenure and age of the B&S Group board of directors in years:

2.2
Average Tenure
64
Average Age
  • The average tenure for the B&S Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jan van Barneveld

TITLE
Chairman of the Supervisory Board
COMPENSATION
€55K
AGE
69
TENURE
2.2 yrs

Willem Blijdorp

TITLE
Vice Chairman of the Supervisory Board
COMPENSATION
€50K
AGE
67

Coert Beerman

TITLE
Member of the Supervisory Board
COMPENSATION
€50K
AGE
64
TENURE
2.2 yrs

Kitty Koelemeijer

TITLE
Member of the Supervisory Board
COMPENSATION
€50K
AGE
56
TENURE
2.2 yrs

Rob Cornelisse

TITLE
Member of the Supervisory Board
COMPENSATION
€50K
AGE
61
TENURE
2.1 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 (€)
X
Management checks
We assess B&S Group'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. B&S Group 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.

70B News

Simply Wall St News

70B Company Info

Description

B&S Group S.A. distributes consumer goods worldwide. The company operates through three segments: HTG, B&S, and Retail. The HTG segment distributes branded liquor and private label products in the health and beauty segment for value for money retailers, secondary channels, and underserved and duty-free markets, as well as for e-commerce platforms. The B&S segment distributes food and beverages, liquor, and health and beauty product categories to ship suppliers, cruise lines, caterers at remote industrial sites, peacekeeping missions, government and defense operations, value for money retailers, secondary channels, and underserved and duty-free markets, as well as for e-commerce platforms. The Retail segment primarily offers electronic consumer lifestyle products and services under the Royal Capi-Lux brand; and operates a consumer goods format under the B&S brand at regional airports and other away from home locations. The company was incorporated in 2007 and is based in Betzdorf, Luxembourg.

Details
Name: B&S Group S.A.
70B
Exchange: DB
Founded: 2007
€378,797,944
84,177,321
Website: http://www.bs-group-sa.com
Address: B&S Group S.A.
14 Rue Strachen,
Mensdorf,
Betzdorf,
6933,
Luxembourg
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTAM BSGR Ordinary Shares Euronext Amsterdam NL EUR 23. Mar 2018
DB 70B Ordinary Shares Deutsche Boerse AG DE EUR 23. Mar 2018
BATS-CHIXE BSGRA Ordinary Shares BATS 'Chi-X Europe' GB EUR 23. Mar 2018
Number of employees
Current staff
Staff numbers
1,512
B&S Group employees.
Industry
Distributors
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/03 02:54
End of day share price update: 2020/04/02 00:00
Last estimates confirmation: 2020/03/23
Last earnings filing: 2020/03/04
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.