Bassett Furniture Industries, Incorporated (BSET) Company Bio
Bassett Furniture manufactures, imports, and retails home furnishings in the United States. The company was founded in 1902 and is based in Bassett, Virginia.
BSET Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Bassett Furniture Industries Inc. To summarize, we found that Bassett Furniture Industries Inc ranked in the 41th percentile in terms of potential gain offered. We should note, though, that the most conservative analysis suggests this stock will yield negative results -- and thus may be a potential short opportunity. The most interesting components of our discounted cash flow analysis for Bassett Furniture Industries Inc ended up being:
Bassett Furniture Industries Inc's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -5,486.67. This coverage rate is greater than that of merely 0.14% of stocks we're observing for the purpose of forecasting via discounted cash flows.
As a business, Bassett Furniture Industries Inc experienced a tax rate of about 25% over the past twelve months; relative to its sector (Consumer Cyclical), this tax rate is higher than 79.68% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Consumer Cyclical that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as BSET, try JACK, CAL, CCK, CMCSA, and HAS.
Bassett (BSET) reported stellar Q3 results [ended August] yesterday, with the stock beating the consensus [one analyst] estimate by a mile. The EPS of $0.22 beat consensus loss -0.07 estimate by 0.29, and revenue of $91.56 million [beats by $11.92 million, or 14.9%] were both rock solid. Bassett has seen...
Value Investment Principals on Seeking Alpha | October 2, 2020
To conserve cash, some employers are suspending contributions to their workers’ 401(k) accounts. Tenet Healthcare (THC) and a physician practice in Boston on the front lines of providing expensive coronavirus care have also suspended their matches. Employers are required to give their workers a 30-day notice and cannot stop the match prior to the 30-day period.