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

Sector:

Retailers

Index:

FTSE 100

385.40p
   
  • Change Today:
      8.20p
  • 52 Week High: 644.00
  • 52 Week Low: 355.80
  • Currency: UK Pounds
  • Shares Issued: 1,001.23m
  • Volume: 5,407,698
  • Market Cap: £3,858.73m
  • RiskGrade: 144

Credit Suisse downgrades B&M European Value Retail

By Michele Maatouk

Date: Friday 25 Mar 2022

LONDON (ShareCast) - (Sharecast News) - Credit Suisse downgraded discount retailer B&M European Value Retail to 'neutral' from 'outperform' on Friday and cut the price target to 600p from 675p, noting that the shares have consistently outperformed UK retail over the past year.
The bank said that while discounters and food retailers should be defensive in the year ahead, B&M also has a large discretionary element to its range, a core customer which is going to be very squeezed by oil, gas and food prices, and demanding comps.

"Despite higher food inflation we cut our full-year like-for-like from 0% to -2% with gross margin down 200 basis points giving an c11% cut to 22/23 earnings per share forecasts, which are circa 7% below consensus," it said.

CS said B&M shares are down 9% year-to-date and have outperformed UK retail by 10%.

"The shares trade on 16x 22/23 price-to-earnings ratio which is reasonable but not cheap versus peers and given its exposure to a very challenged clientele.

"It is hard to see scope for a re-rating before 1H 22/23 trading is clearer. FY results are on 31 May but the main upside risk is 1Q trading in early July exceeds our expectations."

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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 385.40p
Change Today 8.20p
% Change 2.17 %
52 Week High 644.00
52 Week Low 355.80
Volume 5,407,698
Shares Issued 1,001.23m
Market Cap £3,858.73m
RiskGrade 144

BME Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
65.84% above the market average65.84% above the market average65.84% above the market average65.84% above the market average65.84% above the market average
40.43% above the sector average40.43% above the sector average40.43% above the sector average40.43% above the sector average40.43% above the sector average
Price Trend
56.91% below the market average56.91% below the market average56.91% below the market average56.91% below the market average56.91% below the market average
13.73% below the sector average13.73% below the sector average13.73% below the sector average13.73% below the sector average13.73% below the sector average
Income
67.16% above the market average67.16% above the market average67.16% above the market average67.16% above the market average67.16% above the market average
11.11% above the sector average11.11% above the sector average11.11% above the sector average11.11% above the sector average11.11% above the sector average
Growth
38.45% above the market average38.45% above the market average38.45% above the market average38.45% above the market average38.45% above the market average
4.00% above the sector average4.00% above the sector average4.00% above the sector average4.00% above the sector average4.00% above the sector average

What The Brokers Say

Strong Buy 6
Buy 1
Neutral 10
Sell 0
Strong Sell 1
Total 18
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
  Final Special
Ex-Div 30-Jun-22 16-Dec-21
Paid 05-Aug-22 14-Jan-22
Amount 11.50p 25.00p

Trades for 24-Jun-2022

Time Volume / Share Price
16:45 2,155 @ 383.20p
16:45 2,155 @ 383.20p
16:35 1,102,411 @ 385.40p
16:29 505 @ 382.90p
16:29 155 @ 382.90p

BME Key Personnel

CEO Simon Arora
CFO Alex Russo

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