Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
NV Bekaert SA is a global technology and market leader in steel wire transformation and coating technologies. Founded in 1880 and headquartered in Zwevegem, Belgium, the company has evolved from a regional manufacturer into a worldwide enterprise operating in over 45 countries with approximately 28,000 employees. Its core expertise in metal forming and coating supports diverse business units, including Rubber Reinforcement for tire cords, Steel Wire Solutions, Bridon-Bekaert Ropes Group for high-strength ropes, and Specialty Businesses. NV Bekaert SA manufactures advanced products like steel cords that reinforce vehicle tires, fencing systems, control cables, and innovative coatings applied across automotive, construction, agriculture, and energy sectors. With a global sales network spanning North and South America, Europe, Asia, and beyond, it reported combined sales exceeding €5 billion historically, emphasizing sustainable and intelligent solutions to shape safer, smarter mobility and living environments. The company drives innovation through strategic acquisitions, such as Pirelli's steel cord business and recent expansions in Asia, solidifying its role in the iron and steel industry.
€40.80
€1.30 (-3.09%)
EOD Jun 23, 2026 · Twelve Data
Operating margin is thin at 4.52%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 6.4% YoY. Margins deteriorated 3.0pp alongside, both lines moving the wrong way.
At 33x earnings, the current multiple leaves limited room for execution misses or growth deceleration. ROIC dropped from 7.30% to 2.82%, capital efficiency is deteriorating.
33.0x earnings, 7.6x FCF. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
€3.71B
▼ -6.4% YoY
Net Income (TTM)
€65M
▼ -73.4% YoY
Op. Margin
4.52%
▼ -3.0pp YoY
ROIC
2.82%
▼ -4.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€280M
▲ +84.2% YoY
Op. Cash Flow (TTM)
€491M
▲ +1.2% YoY
Net Debt
€189M
Cash & Equiv.
€528M
3Y CAGR: -9.5%
3Y CAGR: +21.8%
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At a P/E of 33.0 and a price-to-free-cash-flow of 7.6, NV Bekaert SA (BEKB.XBRU) trades below a two-stage DCF intrinsic value of about €102.39 per share, so at €40.80 the stock looks undervalued (151.0% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, NV Bekaert SA scores 53/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 4.7%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about €102.39 per share for BEKB.XBRU, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around €76.79. At today's €40.80, that puts the stock about 151.0% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
NV Bekaert SA scores 53 out of 100 on Intrinsiqq's quality score, passing 3 of 8 checks, which makes it a mixed business on these measures. Recent fundamentals include a 4.5% operating margin and a 2.8% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full check-by-check breakdown is on the quality scorecard.
Yes, NV Bekaert SA pays a regular dividend of about €1.90 per share per year (typically in quarterly installments), a yield of roughly 4.7% at the current price. That is a payout ratio of about 153.7% of earnings, so the dividend is stretched at this level. NV Bekaert SA has grown the dividend at roughly 15.0% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For BEKB.XBRU's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. BEKB.XBRU currently trades below its estimated intrinsic value and scores 53/100 on quality (mixed). It also yields about 4.7%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.