B&M European Value Retail S.A. (DI) (BME)

Sector:

Retailers

Index:

FTSE 100

545.80p
   
  • Change Today:
      0.20p
  • 52 Week High: 612.40p
  • 52 Week Low: 460.20p
  • Currency: UK Pounds
  • Shares Issued: 1,002.79m
  • Volume: 1,707,028
  • Market Cap: £5,473m
  • RiskGrade: 144

Deutsche Bank upgrades B&M to 'hold', lowers target price

By Iain Gilbert

Date: Wednesday 01 Jun 2022

LONDON (ShareCast) - (Sharecast News) - Analysts at Deutsche Bank upgraded their rating on retailer B&M from 'sell' to 'hold' on Wednesday, stating earnings risks were increasing but valuation upside was also present.
Deutsche Bank said B&M had joined an increasingly long list of retailers and given out guidance for the current trading year that did not seem to fit either the facts or the general investor worldview.

The German bank stated that now the problem was that it was waiting for B&M to cut its £550.0-600.0m adjusted underlying earnings guidance on either weaker like-for-like sales from its current flat assumption or cost deleverage from its assumption of holding cost/sales flat - or more likely both.

"The decline in spending power of the core B&M customer remains a concern and we see an overhang from further consensus downgrades (DB FY23e adj EBITDA c.£500m) but the valuation downside no longer looks compelling, and we upgrade our recommendation to 'hold'," said DB, which also lowered its target price on the stock from 560.0p to 480.0p.

"There is likely to be some short-term volatility, but taking a 12-month view we think the absolute downside looks limited at c.11x Cal 22e PE."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BME Market Data

Currency UK Pounds
Share Price 545.80p
Change Today 0.20p
% Change 0.04 %
52 Week High 612.40p
52 Week Low 460.20p
Volume 1,707,028
Shares Issued 1,002.79m
Market Cap £5,473m
RiskGrade 144

BME Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
5.56% below the market average5.56% below the market average5.56% below the market average5.56% below the market average5.56% below the market average
15.79% below the sector average15.79% below the sector average15.79% below the sector average15.79% below the sector average15.79% below the sector average
Price Trend
21.60% above the market average21.60% above the market average21.60% above the market average21.60% above the market average21.60% above the market average
31.71% above the sector average31.71% above the sector average31.71% above the sector average31.71% above the sector average31.71% above the sector average
Income
17.78% above the market average17.78% above the market average17.78% above the market average17.78% above the market average17.78% above the market average
11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average
Growth
57.62% below the market average57.62% below the market average57.62% below the market average57.62% below the market average57.62% below the market average
5.00% above the sector average5.00% above the sector average5.00% above the sector average5.00% above the sector average5.00% above the sector average

What The Brokers Say

Strong Buy 7
Buy 6
Neutral 4
Sell 2
Strong Sell 1
Total 20
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BME Dividends

  Latest Previous
  Special Interim
Ex-Div 18-Jan-24 16-Nov-23
Paid 09-Feb-24 15-Dec-23
Amount 20.00p 5.10p

Trades for 28-Mar-2024

Time Volume / Share Price
16:37 1,135 @ 545.80p
16:37 2,551 @ 545.80p
16:37 6,314 @ 545.80p
16:35 1,147,086 @ 545.80p
16:35 1,087 @ 545.80p

BME Key Personnel

CEO Alex Russo
CFO Mike Schmidt

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