Beneteau (BEN) AI Stock Analysis

• Market Cap: €669.10M
• Dividend Yield: 2.68%
• Average Volume (3M): 59.58K
• Price to Earnings (P/E): 12.2
• Beta (1Y): 1.62
• Revenue Growth: -29.40%
• EPS Growth: -70.52%
• Country: FR
• Employees: 6,419
• Sector: Consumer Cyclical
• Sector Strength: 83
• Industry: Leisure
• EPS (TTM): 0.61
• Shares Outstanding: 82,789,840
• 10 Day Avg. Volume: 56,003
• 30 Day Avg. Volume: 59,580
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €9.17
• Price Target Upside: 11.56% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 3

• Rating: 66 Neutral
• Price Target: €8.50 ▲(3.41% Upside)

Beneteau's overall stock score reflects a mix of strong financial stability and reasonable valuation, offset by bearish technical indicators and challenges in revenue growth and cash flow management. The company's stable balance sheet and attractive P/E ratio are positive factors, but the negative market momentum and declining revenue weigh on the overall score.

Beneteau Business Overview & Revenue Model

Company Description

Beneteau (BEN) is a prominent French manufacturer specializing in the design and production of recreational boats and yachts. Founded in 1884, the company operates primarily in the marine sector, offering a wide range of products that include sailing yachts, motorboats, and catamarans. Beneteau's diverse portfolio caters to both leisure and professional markets, with a focus on innovation, quality craftsmanship, and sustainability. The company also engages in the manufacturing of various boating accessories and equipment, enhancing the overall boating experience for its customers.

How the Company Makes Money

Beneteau generates revenue through several key streams, primarily from the sale of its boats and yachts, which account for the majority of its income. The company offers a variety of models tailored to different market segments, ranging from entry-level to luxury vessels, allowing it to capture a broad customer base. In addition to boat sales, Beneteau earns revenue from after-sales services, including maintenance, repairs, and parts sales, which provide ongoing income post-purchase. The company also benefits from strategic partnerships with other marine-related businesses, enhancing its market reach and product offerings. Furthermore, seasonal demand fluctuations in the recreational boating industry influence Beneteau's earnings, with peak sales typically occurring during the spring and summer months.

Beneteau Financial Statement Overview

Summary

Beneteau's financial statements show strong profitability and a stable balance sheet, evidenced by a high gross profit margin and a low debt-to-equity ratio. However, declining revenue growth and cash flow challenges, as seen in the negative revenue growth rate and free cash flow, are significant concerns.

Income Statement

Beneteau's income statement shows a mixed performance. The Gross Profit Margin for 2023 was approximately 58.2%, indicating strong profitability. However, the Net Profit Margin decreased from 10.9% in 2022 to 6.3% in 2023, suggesting declining efficiency in converting revenue into profit. The Revenue Growth Rate was negative at -29.4%, reflecting a significant drop in sales from the previous year. On the positive side, the EBIT Margin was 5.2%, and the EBITDA Margin was 8.6%, showing moderate operational efficiency.

Balance Sheet

The balance sheet demonstrates a strong equity base, with an Equity Ratio of 42.6% in 2023, indicating a healthy financial structure. The Debt-to-Equity Ratio was low at 0.19, reflecting minimal reliance on debt financing, which reduces financial risk. Return on Equity (ROE) was 18.6%, showing good profitability relative to shareholder equity. Overall, the balance sheet suggests financial stability and a conservative capital structure.

Cash Flow

The cash flow statement highlights some challenges. The Free Cash Flow Growth Rate was negative, as Free Cash Flow decreased from -€68.9 million in 2022 to €103.2 million in 2023. The Operating Cash Flow to Net Income Ratio was 0.11, indicating that operating cash flows are not significantly higher than net income. The Free Cash Flow to Net Income Ratio improved, showing better cash generation relative to profits. Despite these improvements, the cash flow situation warrants careful monitoring.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.03B	1.47B	1.51B	1.23B	1.34B
Gross Profit	557.14M	853.05M	819.42M	648.75M	724.74M
EBITDA	125.46M	260.15M	208.95M	173.64M	101.01M
Net Income	92.85M	159.01M	103.14M	73.42M	-81.89M
Balance Sheet
Total Assets	1.65B	2.01B	1.73B	1.40B	1.28B
Cash, Cash Equivalents and Short-Term Investments	455.96M	398.38M	70.03M	321.73M	315.42M
Total Debt	411.94M	164.85M	412.22M	239.21M	352.42M
Total Liabilities	766.45M	1.15B	1.02B	770.71M	742.29M
Stockholders Equity	885.99M	855.91M	706.50M	630.61M	542.99M
Cash Flow
Free Cash Flow	103.24M	-68.91M	-98.08M	172.26M	107.47M
Operating Cash Flow	167.88M	17.13M	-24.22M	226.81M	181.16M
Investing Cash Flow	98.43M	-95.25M	-69.51M	-98.64M	-74.14M
Financing Cash Flow	-146.10M	91.58M	91.05M	-112.00M	-16.85M

Beneteau Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 8.22
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:BEN, the sentiment is Neutral. The current price of 8.22 is below the 20-day moving average (MA) of 8.54, below the 50-day MA of 8.35, and above the 200-day MA of 7.94, indicating a neutral trend. The MACD of -0.06 indicates Positive momentum. The RSI at 43.62 is Neutral, neither overbought nor oversold. The STOCH value of 15.35 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FR:BEN.

Beneteau Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BEN	66 Neutral	€669.10M	12.19	3.41%	2.68%	-29.40%	-70.52%
Sector *	61 Neutral	$17.95B	12.83	-3.20%	2.97%	1.18%	-14.28%
0IVJ	―	€856.41M	27.96	9.61%	―	―	―
DJX	―	€115.38M	13.65	7.26%	―	―	―
4A8	―	€67.93M	10.84	5.23%	―	―	―
MLCMB	―	€193.48M	9.65		3.70%	―	―
MLIFS	―	€60.88M	―		―	―	―