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Barco

BATS-CHIXE:BARB
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BARB
BATS-CHIXE
€2B
Market Cap
  1. Home
  2. GB
  3. Tech
Company description

Barco NV develops visualization solutions for the entertainment, enterprise, and healthcare markets worldwide. The last earnings update was 56 days ago. More info.


Add to Portfolio Compare Print
  • Barco has significant price volatility in the past 3 months.
BARB Share Price and Events
7 Day Returns
12.4%
BATS-CHIXE:BARB
3.9%
GB Electronic
5.3%
GB Market
1 Year Returns
4.8%
BATS-CHIXE:BARB
-4.5%
GB Electronic
-21.5%
GB Market
BARB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Barco (BARB) 12.4% -6.4% -33.9% 4.8% 62.4% 167.1%
GB Electronic 3.9% -1.8% -14.1% -4.5% 23.7% 66.2%
GB Market 5.3% -6.5% -25.2% -21.5% -22.4% -21.9%
1 Year Return vs Industry and Market
  • BARB outperformed the Electronic industry which returned -4.5% over the past year.
  • BARB outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -21.5% over the past year.
Price Volatility
BARB
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Barco undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Barco to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Barco.

BATS-CHIXE:BARB 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 7.3%
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:BARB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.2%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.1
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.104 (1 + (1- 29%) (2.7%))
1.084
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.08
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (1.084 * 6.21%)
7.26%

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

The calculations below outline how an intrinsic value for Barco is arrived at by discounting future cash flows to their present value using the 2 stage method. We 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:BARB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.26%)
2020 19.90 Analyst x1 18.55
2021 110.20 Analyst x2 95.79
2022 111.05 Analyst x2 89.99
2023 111.30 Analyst x1 84.09
2024 111.64 Est @ 0.3% 78.64
2025 112.05 Est @ 0.37% 73.59
2026 112.52 Est @ 0.42% 68.90
2027 113.03 Est @ 0.45% 64.52
2028 113.57 Est @ 0.48% 60.44
2029 114.13 Est @ 0.49% 56.63
Present value of next 10 years cash flows €691.00
BATS-CHIXE:BARB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €114.13 × (1 + 0.53%) ÷ (7.26% – 0.53%)
€1,705.00
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €1,705.00 ÷ (1 + 7.26%)10
€846.02
BATS-CHIXE:BARB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €691.00 + €846.02
€1,537.02
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €1,537.02 / 12.59
€122.12
BATS-CHIXE:BARB Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:BARB represents 0.9476x of ENXTBR:BAR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.9476x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 122.12 x 0.9476
€115.72
Value per share (EUR) From above. €115.72
Current discount Discount to share price of €150.10
= -1 x (€150.10 - €115.72) / €115.72
-29.7%

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

  • The current share price of Barco is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Barco's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Barco's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:BARB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €7.60
ENXTBR:BAR Share Price ** ENXTBR (2020-04-08) in EUR €158.4
United Kingdom of Great Britain and Northern Ireland Electronic Industry PE Ratio Median Figure of 22 Publicly-Listed Electronic Companies 17.3x
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 Barco.

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

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

= 158.4 ÷ 7.60

20.84x

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

  • Barco is overvalued based on earnings compared to the GB Electronic industry average.
  • Barco is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Barco's expected growth come at a high price?
Raw Data
BATS-CHIXE:BARB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.84x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
18.4%per year
United Kingdom of Great Britain and Northern Ireland Electronic Industry PEG Ratio Median Figure of 11 Publicly-Listed Electronic Companies 1.04x
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:BARB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.84x ÷ 18.4%

1.13x

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

  • Barco is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Barco's assets?
Raw Data
BATS-CHIXE:BARB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €55.62
ENXTBR:BAR Share Price * ENXTBR (2020-04-08) in EUR €158.4
United Kingdom of Great Britain and Northern Ireland Electronic Industry PB Ratio Median Figure of 33 Publicly-Listed Electronic Companies 1.89x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,322 Publicly-Listed Companies 1.13x
BATS-CHIXE:BARB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 158.4 ÷ 55.62

2.85x

* Primary Listing of Barco.

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

  • Barco is overvalued based on assets compared to the GB Electronic industry average.
X
Value checks
We assess Barco's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. Barco has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
18.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Barco expected to grow at an attractive rate?
  • Barco's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Barco's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Barco's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:BARB Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:BARB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 18.4%
BATS-CHIXE:BARB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 6.9%
United Kingdom of Great Britain and Northern Ireland Electronic Industry Earnings Growth Rate Market Cap Weighted Average 9%
United Kingdom of Great Britain and Northern Ireland Electronic Industry Revenue Growth Rate Market Cap Weighted Average 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:BARB 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.
BATS-CHIXE:BARB Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 1,400 2
2023-12-31 1,303 150 152 3
2022-12-31 1,215 142 135 3
2021-12-31 1,093 137 102 3
2020-12-31 913 47 51 3
2020-04-09
BATS-CHIXE:BARB Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 1,083 109 95
2019-09-30 1,055 121 93
2019-06-30 1,027 133 91
2019-03-31 1,028 112 83
2018-12-31 1,029 90 75
2018-09-30 1,047 93 54
2018-06-30 1,065 96 33
2018-03-31 1,075 80 29
2017-12-31 1,085 65 25
2017-09-30 1,088 72 18
2017-06-30 1,091 79 12
2017-03-31 1,097 80 12

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Barco's earnings are expected to grow by 18.4% yearly, however this is not considered high growth (20% yearly).
  • Barco's revenue is expected to grow by 6.9% 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:BARB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

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

BATS-CHIXE:BARB Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31 12.22 12.22 12.22 1.00
2022-12-31 10.60 10.84 10.36 2.00
2021-12-31 7.94 8.20 7.68 2.00
2020-12-31 3.60 4.10 3.09 2.00
2020-04-09
BATS-CHIXE:BARB Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 7.60
2019-09-30 7.43
2019-06-30 7.26
2019-03-31 6.65
2018-12-31 6.03
2018-09-30 4.34
2018-06-30 2.66
2018-03-31 2.33
2017-12-31 2.01
2017-09-30 1.50
2017-06-30 0.99
2017-03-31 0.95

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Barco is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Barco's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United 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.
Barco has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

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

Past Performance

  How has Barco performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Barco's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Barco has delivered over 20% year on year earnings growth in the past 5 years.
  • Barco's 1-year earnings growth is less than its 5-year average (27.2% vs 59.6%)
  • Barco's earnings growth has exceeded the GB Electronic industry average in the past year (27.2% vs 6.9%).
Earnings and Revenue History
Barco's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

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

BATS-CHIXE:BARB 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 1,082.57 95.36 202.30 119.39
2019-09-30 1,054.72 93.06 202.79 119.99
2019-06-30 1,026.87 90.75 203.29 120.59
2019-03-31 1,027.70 82.86 205.26 120.43
2018-12-31 1,028.53 74.97 207.24 120.28
2018-09-30 1,046.69 53.92 206.59 117.83
2018-06-30 1,064.84 32.88 205.95 115.38
2018-03-31 1,074.77 28.83 206.20 118.84
2017-12-31 1,084.71 24.78 206.45 122.31
2017-09-30 1,087.90 18.44 206.81 129.36
2017-06-30 1,091.10 12.10 207.18 136.41
2017-03-31 1,096.72 11.56 205.21 139.21
2016-12-31 1,102.34 11.02 203.24 142.00
2016-09-30 1,077.12 -0.30 200.77 142.98
2016-06-30 1,051.90 -11.62 198.30 143.96
2016-03-31 1,040.38 -20.59 194.16 144.66
2015-12-31 1,028.86 -29.56 190.02 145.36
2015-09-30 1,004.66 -9.36 168.07 131.99
2015-06-30 980.46 10.85 182.99 118.63
2015-03-31 944.42 14.35 181.80 105.54
2014-12-31 908.37 17.84 162.18 92.45
2014-09-30 1,054.58 29.31 206.25 107.41
2014-06-30 844.70 30.34 167.97 77.52
2014-03-31 926.60 42.22 178.76 78.58
2013-12-31 1,008.50 54.10 189.54 79.64
2013-09-30 1,190.44 69.36 213.74 92.28
2013-06-30 1,222.86 81.60 209.79 89.95

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Barco has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Barco used its assets more efficiently than the GB Electronic industry average last year based on Return on Assets.
  • Barco has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Barco's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Barco has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

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

Health

 How is Barco's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Barco's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Barco is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Barco's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Barco's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 30.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Barco Company Filings, last reported 3 months ago.

BATS-CHIXE:BARB Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 740.65 25.67 381.78
2019-09-30 740.65 25.67 381.78
2019-06-30 687.51 33.36 363.31
2019-03-31 687.51 33.36 363.31
2018-12-31 635.04 39.73 364.60
2018-09-30 635.04 39.73 364.60
2018-06-30 606.03 48.29 235.23
2018-03-31 606.03 48.29 235.23
2017-12-31 593.51 58.23 254.13
2017-09-30 593.51 57.73 254.13
2017-06-30 607.06 81.49 287.24
2017-03-31 607.06 81.49 287.24
2016-12-31 615.49 94.35 353.55
2016-09-30 615.49 91.59 353.55
2016-06-30 604.51 99.14 264.31
2016-03-31 604.51 99.14 264.31
2015-12-31 611.66 94.49 341.28
2015-09-30 611.66 94.49 341.28
2015-06-30 639.26 93.34 263.03
2015-03-31 639.26 93.34 263.03
2014-12-31 594.56 84.12 145.34
2014-09-30 570.44 56.45 92.44
2014-06-30 570.44 56.45 92.44
2014-03-31 570.44 56.45 92.44
2013-12-31 579.37 67.93 156.55
2013-09-30 579.37 70.97 156.55
2013-06-30 560.43 57.47 75.79
  • Barco's level of debt (3.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (14.2% vs 3.5% today).
  • Debt is well covered by operating cash flow (423.1%, greater than 20% of total debt).
  • Barco earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Barco's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Barco has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.67%
Current annual income from Barco dividends. Estimated to be 2.08% next year.
If you bought €2,000 of Barco shares you are expected to receive €33 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Barco's pays a lower dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.49%).
  • Barco's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (6.84%).
Upcoming dividend payment

Purchase Barco before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:BARB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Electronic Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 1.8%
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:BARB Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31 4.02 2.00
2022-12-31 3.51 3.00
2021-12-31 3.07 3.00
2020-12-31 2.83 3.00
2020-04-09
BATS-CHIXE:BARB Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-02-13 2.650 1.687
2019-02-07 2.300 1.313
2018-02-08 2.100 1.980
2017-02-09 1.900 2.146
2016-05-04 1.750 2.515
2015-02-27 1.600 2.712
2015-02-12 1.600 2.796
2014-02-07 1.500 2.668
2014-02-04 1.500 2.759
2013-02-07 1.400 2.353
2012-03-06 1.100 2.200
2012-02-10 1.100 2.254
2011-02-09 1.000 2.287
2011-02-07 1.000 1.859
2009-10-21 0.000 0.000
2009-10-02 0.000 0.000
2009-06-30 0.000 0.000

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

  • Whilst dividend payments have been stable, Barco has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Barco only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Barco's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.9x coverage).
X
Income/ dividend checks
We assess Barco'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 Barco afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Barco has a total score of 2/6, see the detailed checks below.


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

Management

 What is the CEO of Barco's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jan De Witte
COMPENSATION €1,640,412
AGE 55
TENURE AS CEO 3.6 years
CEO Bio

Mr. Jan De Witte has been the Chief Executive Officer at Barco NV since September 12, 2016. Mr. De Witte served as the President and Chief Executive Officer of Healthcare IT at GE Healthcare Limited since April 2011 until 2016. Mr. De Witte served as President and Chief Executive Officer of Healthcare IT & Performance Solutions Division at GE Healthcare Limited since June 2010. Mr. De Witte served as Vice President of Services-International of GE Healthcare since December 2007. He served as Chief Executive Officer and President of Healthcare IT business at GE Healthcare Limited since April 2011. Mr. De Witte served as Chief Executive Officer of GE Healthcare Limited since May 2010. He served as President and Chief Executive Officer of GE Healthcare Performance Solutions since June 2010. He served in a number of strategic technology and business leadership roles since he joined GE in 1999. Mr. De Witte has over 16 years of increasing responsibility at General Electric's Healthcare business based in the United States and France, Mr. De Witte has demonstrated leadership in sales growth acceleration, operational efficiencies, organizational effectiveness, supply chain management, technology and product development and strategic realignment. He served as a General Electric company officer since 2007. Mr. De Witte has experience in leading global organizations combined with his background in value-added software and services. He has proven track record of developing new markets, driving operational efficiencies and managing product development. Prior to his tenure at General Electric, Mr. De Witte served for five years at McKinsey & Company Inc. in Brussels, Amsterdam and Zurich, where he served clients in the industrial and transportation sector on strategy and business development, business process reengineering and operational improvement. Between 1987 and 1991, he served positions in supply chain and production management at The Procter & Gamble Company in its Belgium operations. He has been a Director of Barco NV since April 27, 2017. He has been a Non-Executive Director at ResMed Inc. since May 16, 2019. He served as an Executive Director of Barco NV until September 12, 2016. He served as General Manager for Services- International and General Manager for Global Quality Six Sigma. Mr. De Witte graduated with the greatest distinction from the Katholieke Universiteit Leuven (Belgium) in 1987 with a Master's of Science Degree in Electro-Mechanical Engineering and earned his MBA in Marketing and Operations Management from Harvard Business School in 1993.

CEO Compensation
  • Jan's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Jan's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

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

3.5
Average Tenure
55
Average Age
  • The tenure for the Barco management team is about average.
Management Team

Jan De Witte

TITLE
CEO & Executive Director
COMPENSATION
€2M
AGE
55
TENURE
3.6 yrs

Ann Desender

TITLE
Senior VP & CFO
TENURE
3.6 yrs

Rob Jonckheere

TITLE
Senior Vice President of Global Operations

Gerwin Damberg

TITLE
Chief Technology Officer
TENURE
1 yrs

Kurt Verheggen

TITLE
Senior VP
AGE
49

An Dewaele

TITLE
Senior VP & Chief Human Resources Officer
TENURE
3.3 yrs

Filip Pintelon

TITLE
Senior VP & GM of Healthcare Division
TENURE
5.3 yrs

Johan Heyman

TITLE
Senior Vice President of Organizational Excellence

George Stromeyer

TITLE
Senior VP & GM of Enterprise Division
AGE
61
TENURE
3.5 yrs

Xavier Bourgois

TITLE
Senior Vice President of Information Technologies
Board of Directors Tenure

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

5.3
Average Tenure
61.5
Average Age
  • The tenure for the Barco board of directors is about average.
Board of Directors

Charles Beauduin

TITLE
Non-Executive Chairman
COMPENSATION
€120K
AGE
60
TENURE
5.3 yrs

Jan De Witte

TITLE
CEO & Executive Director
COMPENSATION
€2M
AGE
55
TENURE
3 yrs

Herman Daems

TITLE
Honorary Chairman
COMPENSATION
€205K
AGE
73
TENURE
5.3 yrs

Luc Missorten

TITLE
Director
COMPENSATION
€81K
AGE
64

Ashok Jain

TITLE
Non Executive Director
COMPENSATION
€50K
AGE
64
TENURE
7.5 yrs

Hilde Laga

TITLE
Independent Non Executive Director
COMPENSATION
€50K
AGE
63
TENURE
6 yrs

Frank Donck

TITLE
Independent Director
COMPENSATION
€58K
AGE
54
TENURE
4.2 yrs

Ann Steegen

TITLE
Independent Director
COMPENSATION
€57K
AGE
48
TENURE
3 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 Barco's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Barco has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

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

News

Simply Wall St News

Company Info

Description

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

Details
Name: Barco NV
BARB
Exchange: BATS-CHIXE
Founded: 1934
€1,993,702,550
12,586,506
Website: http://www.barco.com
Address: Barco NV
Beneluxpark 21,
Kortrijk,
West Flanders, 8500,
Belgium
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTBR BAR Ordinary Shares Euronext Brussels BE EUR 14. Nov 2000
OTCPK BCNA.F Ordinary Shares Pink Sheets LLC US USD 14. Nov 2000
DB BC1N Ordinary Shares Deutsche Boerse AG DE EUR 14. Nov 2000
LSE 0KDK Ordinary Shares London Stock Exchange GB EUR 14. Nov 2000
BATS-CHIXE BARB Ordinary Shares BATS 'Chi-X Europe' GB EUR 14. Nov 2000
OTCPK BCNA.Y ADR Pink Sheets LLC US USD 13. Oct 2008
Number of employees
Current staff
Staff numbers
3,636
Barco employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 19:33
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/03/30
Last earnings filing: 2020/02/13
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.