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Believe SA (FR:BLV)
:BLV

Believe SA (BLV) AI Stock Analysis

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Believe SA

(Frankfurt:BLV)

Rating:68Neutral
Price Target:
€18.50
▲(8.31%Upside)
The stock of Believe SA scores a 68, driven primarily by strong technical momentum and improved financial performance, despite profitability challenges. The negative P/E ratio significantly impacts valuation, and the overbought RSI suggests caution. The absence of earnings call and corporate events data did not affect the score.

Believe SA (BLV) vs. iShares MSCI France ETF (EWQ)

Believe SA Business Overview & Revenue Model

Company DescriptionBelieve S.A. provides music distribution and marketing services for artists and labels worldwide. The company's physical and digital distribution services include a range of digital music services and video streaming, as well as a network of physical distribution partners. It also provides trade marketing, video, sync, and additional services; and technology and analytics for clients to manage and promote their catalog. Believe S.A. was incorporated in 2005 and is headquartered in Paris, France.
How the Company Makes MoneyBelieve SA generates revenue through multiple streams, primarily centered around its digital distribution and artist service offerings. The company charges fees for distributing music across major streaming platforms like Spotify, Apple Music, and Amazon Music. Additionally, Believe offers premium services for marketing and promotional support, which artists and labels can purchase to enhance their visibility and audience engagement. Strategic partnerships with major digital platforms and a focus on expanding their service offerings also contribute significantly to Believe's earnings. The company employs a revenue-sharing model with artists and labels, further diversifying its income sources.

Believe SA Financial Statement Overview

Summary
Believe SA has demonstrated solid revenue growth and improved cash flow management, with a positive trajectory towards stabilizing operations. Despite reduced losses and strong liquidity, challenges remain in achieving profitability, necessitating enhanced margins and cost efficiency.
Income Statement
75
Positive
Believe SA has demonstrated solid revenue growth with a noticeable increase from €441.4M in 2020 to €988.8M in 2024, reflecting a robust expansion. The gross profit margin has remained fairly stable, hovering around 27%, indicating consistent cost management. However, the persistent negative EBIT and net income, despite improvements, highlight ongoing profitability challenges. The transition from a net loss of €26.3M in 2020 to a lower loss of €3.05M in 2024 suggests progress but also underscores the need for further improvement to achieve profitability.
Balance Sheet
70
Positive
The balance sheet shows a healthy equity base with stockholders' equity rising to €359.3M in 2024, reflecting financial stability. The debt-to-equity ratio is low, indicating conservative leverage which mitigates financial risk. However, the equity ratio has slightly decreased over time, indicating a gradual increase in reliance on liabilities. The company's cash position remains strong, bolstering liquidity, yet asset growth has been accompanied by a proportional increase in liabilities, which could pose future risks if not managed carefully.
Cash Flow
80
Positive
Cash flow performance has improved significantly, with operating cash flow increasing from negative €4.07M in 2020 to positive €21.9M in 2024, signifying enhanced cash generation capability. Free cash flow has turned positive, reflecting better capital expenditure management. The free cash flow to net income ratio indicates efficient conversion of earnings into cash flow, despite net losses. Sustained positive cash flows improve financial flexibility, yet the company should aim for profitability to strengthen overall cash flow stability.
Breakdown
Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
988.83M880.31M760.80M577.15M441.42M
Gross Profit
267.25M227.71M195.88M157.96M133.52M
EBIT
-2.12M-18.07M-10.55M-23.75M-16.48M
EBITDA
40.26M55.48M31.41M8.29M8.21M
Net Income Common Stockholders
-3.05M-5.48M-24.97M-28.64M-26.29M
Balance SheetCash, Cash Equivalents and Short-Term Investments
143.83M215.57M304.29M262.73M152.33M
Total Assets
1.17B1.11B1.00B912.84M659.97M
Total Debt
39.99M31.86M32.72M34.13M128.30M
Net Debt
-99.80M-182.36M-270.63M-227.88M-24.03M
Total Liabilities
811.38M727.84M619.98M507.74M508.44M
Stockholders Equity
359.31M370.77M375.91M402.16M144.92M
Cash FlowFree Cash Flow
-21.12M-36.51M48.20M-34.37M-38.73M
Operating Cash Flow
21.93M12.71M73.66M-7.67M-4.07M
Investing Cash Flow
-70.98M-86.89M-38.29M-74.27M-54.33M
Financing Cash Flow
-36.19M-5.04M-2.60M190.80M53.60M

Believe SA Technical Analysis

Technical Analysis Sentiment
Positive
Last Price17.08
Price Trends
50DMA
15.29
Positive
100DMA
14.98
Positive
200DMA
14.80
Positive
Market Momentum
MACD
0.28
Negative
RSI
80.37
Negative
STOCH
58.38
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:BLV, the sentiment is Positive. The current price of 17.08 is above the 20-day moving average (MA) of 15.52, above the 50-day MA of 15.29, and above the 200-day MA of 14.80, indicating a bullish trend. The MACD of 0.28 indicates Negative momentum. The RSI at 80.37 is Negative, neither overbought nor oversold. The STOCH value of 58.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:BLV.

Believe SA Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
FRBLV
68
Neutral
€1.72B2,500.00-0.84%12.33%46.47%
61
Neutral
$14.60B5.95-4.32%3.69%2.76%-30.49%
€252.17M11.397.12%2.47%
€580.28M13.765.90%4.56%
€23.86B14.3715.92%3.57%
€1.79B9.429.43%7.05%
€2.85B7.542.26%1.39%
* Communication Services Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
FR:BLV
Believe SA
17.08
2.08
13.87%
GB:0OR2
LNA Sante SA
24.30
-2.78
-10.27%
GB:0IXL
NRJ Group
7.46
-0.29
-3.74%
GB:0FQI
Publicis Groupe
95.14
-3.35
-3.40%
GB:0NQT
Television Francaise 1 SA TF1
8.51
0.39
4.80%
GB:0IIF
Vivendi
2.88
0.09
3.23%
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.