Beneteau (BEN) AI Stock Analysis

• Market Cap: €668.69M
• Dividend Yield: 17.41%
• Average Volume (3M): 88.66K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.64
• Revenue Growth: -27.07%
• EPS Growth: -117.10%
• Country: FR
• Employees: 6,419
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Leisure
• EPS (TTM): -0.31
• Shares Outstanding: 82,789,840
• 10 Day Avg. Volume: 100,525
• 30 Day Avg. Volume: 88,656
• PEG Ratio: -0.19
• Price to Book (P/B): 0.80
• Price to Sales (P/S): 0.69
• P/FCF Ratio: 6.89
• 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: €8.75
• Price Target Upside: 7.36% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 59 Neutral
• Price Target: €8.50 ▲(4.29% Upside)

Beneteau's overall stock score reflects strong financial stability but significant challenges in growth and valuation. The financial performance is the most significant factor, showing resilience but with declining revenue and cash flow issues. Technical analysis indicates a lack of strong momentum, and the valuation is concerning due to a negative P/E ratio. These factors suggest caution for potential investors.

Positive Factors

Balance Sheet Health

A strong equity base and low Debt-to-Equity Ratio indicate financial stability and reduce financial risk, supporting long-term operations.

Profitability

High gross profit margins demonstrate effective cost management and pricing power, contributing to sustainable profitability over time.

Cash Flow Improvement

Improved cash flow generation enhances financial flexibility, allowing for reinvestment and debt reduction, supporting long-term growth.

Negative Factors

Revenue Decline

A significant decline in revenue growth indicates challenges in market demand or competitive positioning, potentially impacting future profitability.

Declining Net Profit Margin

A declining net profit margin suggests reduced efficiency in converting sales into profit, which may affect long-term financial performance.

Cash Flow Challenges

Negative free cash flow indicates potential liquidity issues, limiting the company's ability to invest in growth or manage debt effectively.

Beneteau Business Overview & Revenue Model

Company Description

Beneteau (BEN) is a leading manufacturer in the recreational boating industry, specializing in the design and production of sailing yachts and motorboats. Established in 1884, the company operates primarily in the marine sector and is renowned for its innovative craftsmanship and quality. Beneteau's core product offerings include a wide range of sailboats, powerboats, and motor yachts, catering to both leisure and professional markets. The company also engages in boat maintenance and repair services through its extensive dealership network.

How the Company Makes Money

Beneteau generates revenue primarily through the sale of its boats, which includes both sailing and motorized vessels. The company has a diverse revenue model that includes direct sales to consumers as well as partnerships with dealerships and distributors worldwide. Additional revenue streams come from after-sales services such as maintenance, repairs, and the sale of accessories and parts. Beneteau's strong brand reputation and established market presence allow it to command premium pricing for its products. Furthermore, the company benefits from strategic partnerships with various marine accessory manufacturers and participation in boat shows and exhibitions, which enhance its market visibility and drive sales.

Beneteau Financial Statement Overview

Summary

Beneteau's financial performance shows strong profitability and a stable balance sheet, but faces challenges in revenue growth and cash flow. The income statement indicates declining revenue and profit margins, while the balance sheet reflects financial stability with low leverage. Cash flow management is improving but remains a critical area for attention.

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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	881.54M	1.03B	1.47B	1.51B	1.23B	1.34B
Gross Profit	492.08M	557.14M	853.05M	819.42M	648.75M	724.74M
EBITDA	75.87M	125.46M	260.15M	208.95M	173.64M	101.01M
Net Income	18.60M	92.85M	159.01M	103.14M	73.42M	-81.89M
Balance Sheet
Total Assets	1.43B	1.65B	2.01B	1.73B	1.40B	1.28B
Cash, Cash Equivalents and Short-Term Investments	365.78M	455.96M	398.38M	70.03M	321.73M	315.42M
Total Debt	302.41M	411.94M	164.85M	412.22M	239.21M	352.42M
Total Liabilities	680.89M	766.45M	1.15B	1.02B	770.71M	742.29M
Stockholders Equity	751.47M	885.99M	855.91M	706.50M	630.61M	542.99M
Cash Flow
Free Cash Flow	169.60M	103.24M	-68.91M	-98.08M	172.26M	107.47M
Operating Cash Flow	228.98M	167.88M	17.13M	-24.22M	226.81M	181.16M
Investing Cash Flow	117.30M	98.43M	-95.25M	-69.51M	-98.64M	-74.14M
Financing Cash Flow	-193.92M	-146.10M	91.58M	91.05M	-112.00M	-16.85M

Beneteau Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 8.15
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 8.15 is above the 20-day moving average (MA) of 8.12, above the 50-day MA of 8.11, and above the 200-day MA of 8.14, indicating a bullish trend. The MACD of 0.06 indicates Negative momentum. The RSI at 50.88 is Neutral, neither overbought nor oversold. The STOCH value of 43.15 is Neutral, 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
ABEO	64 Neutral	€73.43M	8.46	7.20%	3.67%	5.83%	342.20%
LSS	64 Neutral	€858.30M	31.02	8.16%	1.76%	0.40%	-9.67%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
BEN	59 Neutral	€668.69M	-32.94	-2.73%	17.41%	-27.07%	-117.10%