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Balta Group

BATS-CHIXE:BALTAB
Snowflake Description

Very undervalued with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BALTAB
BATS-CHIXE
€42M
Market Cap
  1. Home
  2. GB
  3. Consumer Durables
Company description

Balta Group NV produces and sells textile floor coverings primarily in Europe. The last earnings update was 34 days ago. More info.


Add to Portfolio Compare Print
  • Balta Group has significant price volatility in the past 3 months.
BALTAB Share Price and Events
7 Day Returns
0%
BATS-CHIXE:BALTAB
18.3%
GB Consumer Durables
5.3%
GB Market
1 Year Returns
-75.4%
BATS-CHIXE:BALTAB
-18%
GB Consumer Durables
-21.5%
GB Market
BALTAB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Balta Group (BALTAB) 0% -64.1% -70.6% -75.4% - -
GB Consumer Durables 18.3% -24.4% -32.4% -18% -15% 1.2%
GB Market 5.3% -6.5% -25.2% -21.5% -22.4% -21.9%
1 Year Return vs Industry and Market
  • BALTAB underperformed the Consumer Durables industry which returned -18% over the past year.
  • BALTAB underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -21.5% over the past year.
Price Volatility
BALTAB
Industry
5yr Volatility vs Market

Value

 Is Balta 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 Balta 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 Balta Group.

BATS-CHIXE:BALTAB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

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 BATS-CHIXE:BALTAB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.2%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.94
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.937 (1 + (1- 29%) (779.94%))
4.433
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (2 * 6.21%)
12.95%

Discounted Cash Flow Calculation for BATS-CHIXE:BALTAB using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Balta 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.

BATS-CHIXE:BALTAB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 12.95%)
2020 12.94 Est @ -13.03% 11.45
2021 11.78 Est @ -8.96% 9.23
2022 11.06 Est @ -6.11% 7.67
2023 10.60 Est @ -4.12% 6.51
2024 10.31 Est @ -2.73% 5.61
2025 10.13 Est @ -1.75% 4.88
2026 10.03 Est @ -1.07% 4.27
2027 9.97 Est @ -0.59% 3.76
2028 9.94 Est @ -0.25% 3.32
2029 9.94 Est @ -0.02% 2.94
Present value of next 10 years cash flows €59.00
BATS-CHIXE:BALTAB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €9.94 × (1 + 0.53%) ÷ (12.95% – 0.53%)
€80.46
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €80.46 ÷ (1 + 12.95%)10
€23.81
BATS-CHIXE:BALTAB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €59.00 + €23.81
€82.81
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €82.81 / 35.94
€2.3
BATS-CHIXE:BALTAB Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:BALTAB represents 0.7094x of ENXTBR:BALTA
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.7094x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 2.30 x 0.7094
€1.63
Value per share (EUR) From above. €1.63
Current discount Discount to share price of €0.83
= -1 x (€0.83 - €1.63) / €1.63
49.2%

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

Current Discount
Amount off the current price Balta Group is available for.
Intrinsic value
49%
Share price is €0.83 vs Future cash flow value of €1.63
Current Discount Checks
For Balta Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Balta Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Balta 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 Balta Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Balta Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:BALTAB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €0.29
ENXTBR:BALTA Share Price ** ENXTBR (2020-04-01) in EUR €1.17
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry PE Ratio Median Figure of 25 Publicly-Listed Consumer Durables Companies 7.84x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 747 Publicly-Listed Companies 13.27x

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

** Primary Listing of Balta Group.

BATS-CHIXE:BALTAB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 1.17 ÷ 0.29

4.03x

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

  • Balta Group is good value based on earnings compared to the GB Consumer Durables industry average.
  • Balta Group is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Balta Group's expected growth come at a high price?
Raw Data
BATS-CHIXE:BALTAB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
31.6%per year
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry PEG Ratio Median Figure of 18 Publicly-Listed Consumer Durables Companies 1.01x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 513 Publicly-Listed Companies 1.03x

*Line of best fit is calculated by linear regression .

BATS-CHIXE:BALTAB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 4.03x ÷ 31.6%

0.13x

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

  • Balta Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Balta Group's assets?
Raw Data
BATS-CHIXE:BALTAB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €7.01
ENXTBR:BALTA Share Price * ENXTBR (2020-04-01) in EUR €1.17
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry PB Ratio Median Figure of 27 Publicly-Listed Consumer Durables Companies 1.02x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,322 Publicly-Listed Companies 1.13x
BATS-CHIXE:BALTAB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.17 ÷ 7.01

0.17x

* Primary Listing of Balta Group.

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

  • Balta Group is good value based on assets compared to the GB Consumer Durables industry average.
X
Value checks
We assess Balta 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 Consumer Durables 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 Consumer Durables industry average (and greater than 0)? (1 check)
  5. Balta Group has a total score of 6/6, 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 Balta Group expected to perform in the next 1 to 3 years based on estimates from 2 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
31.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Balta Group expected to grow at an attractive rate?
  • Balta Group's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Balta Group's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Balta Group's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:BALTAB Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:BALTAB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 31.6%
BATS-CHIXE:BALTAB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 2.3%
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 3.2%
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 3.4%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.4%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 2.5%

*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
BATS-CHIXE:BALTAB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BATS-CHIXE:BALTAB Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31
2021-12-31 703 20 2
2020-12-31 692 16 2
2020-04-09
BATS-CHIXE:BALTAB Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 671 49 10
2019-09-30 673 53 9
2019-06-30 676 57 7
2019-03-31 661 52 7
2018-12-31 646 46 7
2018-09-30 648 45 5
2018-06-30 649 44 2
2018-03-31 667 49 4
2017-12-31 661 55 3
2017-09-30 631 59 16
2017-06-30 601 63 29
2017-03-31 565 66 23

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Balta Group's earnings are expected to grow significantly at over 20% yearly.
  • Balta Group's revenue is expected to grow by 2.3% 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
BATS-CHIXE:BALTAB 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 2 Analyst Estimates (S&P Global) See Below

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

BATS-CHIXE:BALTAB Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.64 0.64 0.64 1.00
2021-12-31 0.66 0.75 0.57 2.00
2020-12-31 0.48 0.48 0.48 1.00
2020-04-09
BATS-CHIXE:BALTAB Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 0.29
2019-09-30 0.25
2019-06-30 0.20
2019-03-31 0.20
2018-12-31 0.20
2018-09-30 0.13
2018-06-30 0.06
2018-03-31 0.10
2017-12-31 0.08
2017-09-30 0.35
2017-06-30 0.54
2017-03-31 133.84

*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.
  • Balta Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Balta 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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
Balta Group 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 Balta 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 Balta Group's growth in the last year to its industry (Consumer Durables).
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.
  • Balta Group has delivered over 20% year on year earnings growth in the past 5 years.
  • Balta Group's 1-year earnings growth exceeds its 5-year average (41.6% vs 23.1%)
  • Balta Group's earnings growth has exceeded the GB Consumer Durables industry average in the past year (41.6% vs -9%).
Earnings and Revenue History
Balta 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 Balta Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:BALTAB Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 671.15 10.40 167.30
2019-09-30 673.43 8.90 165.88
2019-06-30 675.71 7.40 164.47
2019-03-31 660.96 7.37 161.79
2018-12-31 646.20 7.35 159.11
2018-09-30 647.74 4.78 156.53
2018-06-30 649.29 2.22 153.96
2018-03-31 666.73 4.30 156.03
2017-12-31 661.32 2.95 151.33
2017-09-30 631.39 15.79 145.65
2017-06-30 601.46 28.63 139.96
2017-03-31 565.38 22.89 131.25
2016-12-31 557.69 25.35 130.05
2015-12-31 556.82 -43.53 137.05
2014-12-31 519.53 1.24 128.19
2013-12-31 517.75 -66.60 131.46

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

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Balta Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Balta Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Balta 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 not covered by short term assets, assets are 0.9x 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 Balta Group Company Filings, last reported 3 months ago.

BATS-CHIXE:BALTAB Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 259.96 271.68 19.24
2019-09-30 259.96 271.68 19.24
2019-06-30 248.88 269.47 19.74
2019-03-31 248.88 269.47 19.74
2018-12-31 254.80 268.38 26.85
2018-09-30 254.80 268.38 26.85
2018-06-30 252.50 267.32 17.32
2018-03-31 252.50 267.32 17.32
2017-12-31 265.12 266.37 37.34
2017-09-30 265.12 266.37 37.34
2017-06-30 274.40 265.17 35.88
2017-03-31 134.75 391.19 39.73
2016-12-31 136.32 283.63 45.99
2015-12-31 -18.90 422.33 45.46
2014-12-31 -322.60 556.63 66.65
2013-12-31 -323.91 558.01 48.01
  • Balta Group's level of debt (104.5%) compared to net worth is high (greater than 40%).
  • Balta Group had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
  • Debt is not well covered by operating cash flow (18.1%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.4x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Balta 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. Balta Group has a total score of 2/6, 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 Balta 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
0%
Current annual income from Balta Group dividends. Estimated to be 0% next year.
If you bought €2,000 of Balta Group shares you are expected to receive €0 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?
  • Unable to evaluate Balta Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Balta Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
BATS-CHIXE:BALTAB 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 2 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 7.7%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 575 Stocks 5.5%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.3%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.5%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 6.8%

Industry and Market average data is calculated daily.

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

BATS-CHIXE:BALTAB Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2020-04-09
BATS-CHIXE:BALTAB Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-07-30 0.000 0.000
2019-04-25 0.000 0.000
2019-03-05 0.000 0.000
2018-04-18 0.080 1.884
2018-03-01 0.080 1.240

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

  • Unable to perform a dividend volatility check as Balta Group has not reported any payouts.
  • Unable to verify if Balta Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Balta Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Balta Group has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Balta Group's dividends in 3 years as they are not expected to pay a notable one for United Kingdom of Great Britain and Northern Ireland.
X
Income/ dividend checks
We assess Balta Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 Balta Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Balta Group has a total score of 0/6, 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 Balta 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
Cyrille Ragoucy
COMPENSATION €872,275
AGE 62
TENURE AS CEO 1.7 years
CEO Bio

Mr. Cyrille Ragoucy has been Chief Executive Officer of Balta Group NV since April 1, 2019 and serves as its Non-Executive Chairman and Chairman of Management Committee. Mr. Ragoucy serves as the Chief Executive Officer at Tarmac Holdings Limited. He was Interim Chief Executive Officer of Balta Group NV since August 27, 2018 until April 1, 2019. Mr. Ragoucy served as the Chief Executive Officer of Tarmac Trading Limited until February 4, 2016. Mr. Ragoucy served as the Chief Executive Officer of Lafarge Tarmac Trading Limited ( Lafarge Tarmac Ltd). Mr. Ragoucy served as Senior Vice President of Health and Safety at Lafarge S.A. He has 30 years’ experience in the global building materials industry, having joined Lafarge in 1998. He served as President of Lafarge Construction Materials - Western Region at Lafarge Canada Inc. From 2005 to 2009, he served as the Chief Executive Officer and Regional President for Lafarge's cement operations in China (Lafarge Shui On Cement), which he successfully led during its forming and expanding phases. He was instrumental in effecting cultural change throughout the Group in relation to the importance placed on health and safety. During this period, he was responsible for 25 plants and 10,000 people. Prior to this, he served as Regional President for Aggregates, Concrete, Asphalt and Paving for Lafarge in Eastern Canada from 1999 to 2005. Mr. Ragoucy joined the Lafarge group in 1998 as Vice President of Cement Strategy for Lafarge North America. He has been Non-Executive Chairman of Chryso Group since 2017. He has been an Independent Director at Balta Group NV since June 13,2017. He was a Non-Executive Director at SIG plc since August 1, 2018 until June 30, 2019. He was a Member of the Lafarge Senior Executive team. Mr. Ragoucy holds a Masters of Management from University of Paris IX (Dauphine), France.

CEO Compensation
  • Insufficient data for Cyrille to compare compensation growth.
  • Cyrille's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Balta Group management team in years:

0.8
Average Tenure
60
Average Age
  • The average tenure for the Balta Group management team is less than 2 years, this suggests a new team.
Management Team

Cyrille Ragoucy

TITLE
Chairman
COMPENSATION
€872K
AGE
62
TENURE
1.7 yrs

Jan-Christian Werner

TITLE
Chief Financial Officer
TENURE
0.8 yrs

Marc Dessein

TITLE
MD of Balta Home & Member of Management Committee
AGE
60

Jim Harley

TITLE
President of Bentley Mills & Member of Management Committee
AGE
60
TENURE
0.8 yrs

Rupen Shah

TITLE
Corporate Development & Investor Relations Director

Annelies Willemyns

TITLE
General Counsel

Geert Bossche

TITLE
Marketing Director

Kris Willaert

TITLE
Human Resources Director
TENURE
0.8 yrs

Oliver Forberich

TITLE
Managing Director of Balta carpets
TENURE
0.6 yrs

Stefan Claeys

TITLE
Managing Director of Modulyss
TENURE
1 yrs
Board of Directors Tenure

Average tenure and age of the Balta Group board of directors in years:

3.3
Average Tenure
49
Average Age
  • The tenure for the Balta Group board of directors is about average.
Board of Directors

Cyrille Ragoucy

TITLE
Chairman
COMPENSATION
€872K
AGE
62

Michael Kolbeck

TITLE
Non-Executive Director
AGE
49
TENURE
3.3 yrs

Jeremy Fryzuk

TITLE
Non-Executive Director
AGE
34
TENURE
3.3 yrs

Hannah Strong

TITLE
Non-Executive Director
AGE
35
TENURE
3.3 yrs

Patrick Lebreton

TITLE
Non-Executive Director
AGE
51
TENURE
3.3 yrs

Nicolas Van den Abeele

TITLE
Independent Director
COMPENSATION
€60K
AGE
47
TENURE
2.8 yrs

Sarah Hedger

TITLE
Independent Director
COMPENSATION
€53K
AGE
54
TENURE
2.8 yrs

Neal Morar

TITLE
Non-Executive Director
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 Balta 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. Balta 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.

News

Simply Wall St News

Company Info

Description

Balta Group NV produces and sells textile floor coverings primarily in Europe. The company operates through four segments: Rugs, Residential, Commercial, and Non-Woven. The Rugs segment designs, manufactures, and distributes a range of machine-made rugs to retailers, such as home improvement, furniture, specialist, discount, and DIY stores, as well as e-commerce players and wholesalers under the Balta home brand name. The Residential segment designs, manufactures, and distributes branded broadloom carpets under the Balta Carpets and ITC brands; and tiles to retailers and wholesalers. The Commercial segment designs, manufactures, and distributes modular carpet tiles for offices and public projects under the modulyss and Bentley brands; and broadloom carpets for the hospitality sector under the arc edition brand to architects, designers, contractors, and distributors. The Non-Woven segment designs, manufactures, and distributes soft flooring for events, such as fairs and expositions; specialized fabrics for insulation, lining, cars, carpet backings, and banners under the Captiqs brand name; and needle felt products. The company also exports its products to 130 countries worldwide. Balta Group NV was founded in 1964 and is headquartered in Sint-Baafs-Vijve, Belgium.

Details
Name: Balta Group NV
BALTAB
Exchange: BATS-CHIXE
Founded: 1964
€42,053,773
35,943,396
Website: http://www.baltagroup.com
Address: Balta Group NV
Wakkensteenweg 2,
Sint-Baafs-Vijve,
West Flanders, 8710,
Belgium
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTBR BALTA Ordinary Shares Euronext Brussels BE EUR 14. Jun 2017
DB BDB Ordinary Shares Deutsche Boerse AG DE EUR 14. Jun 2017
LSE 0RQK Ordinary Shares London Stock Exchange GB EUR 14. Jun 2017
BATS-CHIXE BALTAB Ordinary Shares BATS 'Chi-X Europe' GB EUR 14. Jun 2017
Number of employees
Current staff
Staff numbers
4,000
Balta Group employees.
Industry
Home Furnishings
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 19:45
End of day share price update: 2020/04/01 00:00
Last estimates confirmation: 2020/03/19
Last earnings filing: 2020/03/06
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.