Bassett Furniture Financials

BSET Stock  USD 15.27  0.33  2.21%   
Based on the measurements of operating efficiency obtained from Bassett Furniture's historical financial statements, Bassett Furniture Industries is not in a good financial situation at this time. It has a very high probability of going through financial hardship in December. At this time, Bassett Furniture's Non Current Liabilities Total is comparatively stable compared to the past year. Other Current Assets is likely to gain to about 10 M in 2024, whereas Cash is likely to drop slightly above 26.2 M in 2024. Key indicators impacting Bassett Furniture's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio0.01910.0201
Notably Down
Pretty Stable
Current Ratio1.81.8927
Notably Down
Slightly volatile
Investors should never underestimate Bassett Furniture's ability to pay suppliers on time, ensure interest payments are not accumulating, and correctly time where and how to reinvest extra cash. Individual investors need to monitor Bassett Furniture's cash flow, debt, and profitability to make informed and accurate decisions about investing in Bassett Furniture Industries.

Net Income

(2.71 Million)

  
Understanding current and past Bassett Furniture Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Bassett Furniture's financial statements are interrelated, with each one affecting the others. For example, an increase in Bassett Furniture's assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in Bassett Furniture's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Bassett Furniture Industries. Check Bassett Furniture's Beneish M Score to see the likelihood of Bassett Furniture's management manipulating its earnings.

Bassett Furniture Stock Summary

Bassett Furniture competes with Hooker Furniture, Flexsteel Industries, Haverty Furniture, La Z, and Sierra Bancorp. Bassett Furniture Industries, Incorporated engages in the manufacture, marketing, and retail of home furnishings in the United States and internationally. Bassett Furniture Industries, Incorporated was incorporated in 1902 and is based in Bassett, Virginia. Bassett Furniture operates under Furnishings, Fixtures Appliances classification in the United States and is traded on NASDAQ Exchange. It employs 2219 people.
Specialization
Consumer Discretionary, Furnishings, Fixtures & Appliances
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS0702031040
CUSIP070203104
LocationVirginia; U.S.A
Business Address3525 Fairystone Park
SectorHousehold Durables
IndustryConsumer Discretionary
BenchmarkDow Jones Industrial
Websitewww.bassettfurniture.com
Phone276 629 6000
CurrencyUSD - US Dollar

Bassett Furniture Key Financial Ratios

Bassett Furniture Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets402.5M421.7M406.3M370.4M426.0M329.9M
Other Current Liab(8.6M)89.7M59.0M42.5M48.9M51.3M
Net Debt93.3M99.2M54.7M63.8M73.3M77.0M
Retained Earnings109.7M115.6M150.8M139.4M125.4M130.3M
Cash45.8M34.4M61.6M52.4M47.2M26.2M
Net Receivables32.0M20.6M20.2M16.3M14.7M13.9M
Inventory54.9M78.0M85.5M63.0M56.7M45.0M
Other Current Assets10.3M29.6M11.5M8.5M7.6M10.0M
Total Liab244.5M258.9M210.7M187.0M215.0M225.8M
Total Current Assets160.7M180.3M196.5M158.0M142.2M122.7M
Accounts Payable23.4M24.0M20.4M16.3M14.7M17.2M
Common Stock49.7M48.8M44.8M43.8M39.5M44.2M
Other Liab24.8M14.2M13.0M12M10.8M16.2M
Other Assets10.2M9.7M11.6M(37.9M)(34.1M)(32.4M)
Intangible Assets11.7M11.3M9.0M8.9M10.2M6.5M
Net Tangible Assets178.7M158.0M139.3M195.6M225.0M179.2M

Bassett Furniture Key Income Statement Accounts

The reason investors look at the income statement is to determine what Bassett Furniture's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Interest Expense49K322K38K22K19.8K18.8K
Total Revenue385.9M486.5M485.6M390.1M351.1M312.6M
Gross Profit222.3M222.8M248.3M206.5M237.5M145.7M
Operating Income14.2M26.0M25.7M(3.1M)(2.8M)(2.7M)
Ebit(16.7M)30.6M26.9M(3.1M)(3.6M)(3.4M)
Ebitda(3.3M)40.6M37.0M(3.1M)(3.6M)(3.4M)
Cost Of Revenue163.6M263.7M237.3M183.6M165.3M206.7M
Income Before Tax(16.8M)24.2M34.1M(2.5M)(2.2M)(2.1M)
Net Income(10.4M)18.0M25.4M(3.2M)(2.9M)(2.7M)
Income Tax Expense(6.4M)6.2M8.7M683K614.7K584.0K
Tax Provision(6.4M)6.2M8.7M683K614.7K584.0K
Interest Income236K54K302K2.5M2.9M3.1M
Net Interest Income187K(268K)264K2.5M2.9M3.0M

Bassett Furniture Key Cash Accounts

201920202021202220232024 (projected)
Change To Inventory6.5M(26.1M)(9.5M)17.9M16.1M16.9M
Change In Cash26.1M(11.4M)27.3M(9.2M)(10.6M)(10.1M)
Free Cash Flow30.6M3.8M(24.3M)1.2M1.1M1.1M
Depreciation13.5M14.6M11.3M10.1M11.7M10.2M
Other Non Cash Items3.6M3.7M(53.8M)11.1M10.0M10.4M
Dividends Paid4.5M7.7M20.2M6.0M6.9M6.5M
Capital Expenditures6.0M10.8M21.3M17.5M20.1M13.4M
Net Income(10.4M)18.0M65.3M(3.2M)(2.9M)(2.7M)
End Period Cash Flow45.8M34.4M61.6M52.4M60.3M32.3M
Investments(279K)(11.6M)65.8M(17.8M)(16.0M)(15.2M)
Change Receivables1.7M(2.6M)(1.5M)3.2M3.6M3.8M
Net Borrowings(292K)(121K)(1.3M)(684K)(786.6K)(825.9K)
Change To Netincome1.2M9.8M4.7M(56.1M)(64.5M)(61.3M)

Bassett Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Bassett Furniture's current stock value. Our valuation model uses many indicators to compare Bassett Furniture value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Bassett Furniture competition to find correlations between indicators driving Bassett Furniture's intrinsic value. More Info.
Bassett Furniture Industries is rated below average in return on equity category among its peers. It also is rated below average in return on asset category among its peers . At this time, Bassett Furniture's Return On Equity is comparatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Bassett Furniture by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Bassett Furniture Systematic Risk

Bassett Furniture's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Bassett Furniture volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twelve with a total number of output elements of fourty-nine. The Beta measures systematic risk based on how returns on Bassett Furniture correlated with the market. If Beta is less than 0 Bassett Furniture generally moves in the opposite direction as compared to the market. If Bassett Furniture Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Bassett Furniture is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Bassett Furniture is generally in the same direction as the market. If Beta > 1 Bassett Furniture moves generally in the same direction as, but more than the movement of the benchmark.

Bassett Furniture Thematic Clasifications

Bassett Furniture Industries is part of Furniture investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Furniture manufacturers. Companies producing and selling home and office furniture
FurnitureView
This theme covers Furniture manufacturers. Companies producing and selling home and office furniture. Get More Thematic Ideas
Today, most investors in Bassett Furniture Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Bassett Furniture's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Bassett Furniture growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.68

At this time, Bassett Furniture's Price Earnings To Growth Ratio is comparatively stable compared to the past year.

Bassett Furniture November 25, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Bassett Furniture help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Bassett Furniture Industries. We use our internally-developed statistical techniques to arrive at the intrinsic value of Bassett Furniture Industries based on widely used predictive technical indicators. In general, we focus on analyzing Bassett Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Bassett Furniture's daily price indicators and compare them against related drivers.

Additional Tools for Bassett Stock Analysis

When running Bassett Furniture's price analysis, check to measure Bassett Furniture's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bassett Furniture is operating at the current time. Most of Bassett Furniture's value examination focuses on studying past and present price action to predict the probability of Bassett Furniture's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bassett Furniture's price. Additionally, you may evaluate how the addition of Bassett Furniture to your portfolios can decrease your overall portfolio volatility.