B

Benefit Systems SA
WSE:BFT

Watchlist Manager
Benefit Systems SA
WSE:BFT
Watchlist
Price: 3 400 PLN -3.95% Market Closed
Market Cap: 11.2B PLN
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
+147%
5Y
+184%
10Y
+652%
Operating Income
+
3Y
+470%
5Y
+584%
10Y
+1 121%
Net Income
+
3Y
+742%
5Y
+4 205%
10Y
+896%

Earnings Waterfall
Benefit Systems SA

Revenue
3.8B PLN
Cost of Revenue
-2.5B PLN
Gross Profit
1.3B PLN
Operating Expenses
-683.6m PLN
Operating Income
648.3m PLN
Other Expenses
-200.1m PLN
Net Income
448.2m PLN

Income Statement
Benefit Systems SA

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Income Statement
Currency: PLN
Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025
Revenue
Interest Expense
0
0
0
0
0
0
0
0
0
0
0
0
1
0
0
0
1
0
0
0
3
0
0
0
4
0
0
0
7
0
0
0
7
9
11
17
23
14
15
13
20
15
16
17
19
20
22
25
26
30
32
33
36
38
41
44
51
61
103
Revenue
165
N/A
185
+12%
209
+13%
227
+9%
245
+8%
264
+8%
284
+7%
301
+6%
320
+6%
336
+5%
353
+5%
367
+4%
383
+5%
402
+5%
418
+4%
436
+4%
452
+4%
472
+4%
505
+7%
537
+6%
581
+8%
625
+8%
662
+6%
704
+6%
744
+6%
794
+7%
845
+6%
902
+7%
965
+7%
1 024
+6%
1 092
+7%
1 150
+5%
1 209
+5%
1 284
+6%
1 354
+5%
1 437
+6%
1 527
+6%
1 551
+2%
1 339
-14%
1 273
-5%
1 034
-19%
746
-28%
765
+3%
749
-2%
955
+27%
1 258
+32%
1 537
+22%
1 725
+12%
1 909
+11%
2 133
+12%
2 370
+11%
2 579
+9%
2 774
+8%
2 950
+6%
3 097
+5%
3 239
+5%
3 397
+5%
3 548
+4%
3 797
+7%
Gross Profit
Cost of Revenue
(128)
(144)
(162)
(175)
(189)
(208)
(223)
(234)
(249)
(262)
(278)
(288)
(299)
(315)
(325)
(335)
(345)
(360)
(379)
(403)
(431)
(462)
(492)
(517)
(538)
(572)
(604)
(646)
(699)
(736)
(787)
(834)
(871)
(933)
(988)
(1 045)
(1 119)
(1 133)
(999)
(965)
(815)
(640)
(646)
(651)
(774)
(983)
(1 176)
(1 277)
(1 392)
(1 547)
(1 667)
(1 762)
(1 843)
(1 927)
(1 992)
(2 076)
(2 188)
(2 289)
(2 465)
Gross Profit
38
N/A
41
+10%
47
+14%
51
+9%
56
+8%
56
+1%
61
+8%
68
+11%
71
+5%
74
+4%
75
+2%
79
+6%
85
+7%
87
+3%
93
+7%
101
+8%
107
+6%
112
+5%
126
+13%
134
+6%
150
+12%
163
+9%
171
+5%
187
+10%
206
+10%
222
+8%
242
+9%
256
+6%
266
+4%
289
+9%
305
+6%
316
+4%
338
+7%
352
+4%
366
+4%
392
+7%
408
+4%
419
+3%
340
-19%
307
-10%
219
-29%
106
-52%
119
+13%
98
-18%
181
+85%
276
+52%
361
+31%
448
+24%
517
+15%
586
+13%
704
+20%
817
+16%
931
+14%
1 023
+10%
1 106
+8%
1 163
+5%
1 209
+4%
1 259
+4%
1 332
+6%
Operating Income
Operating Expenses
(17)
(18)
(20)
(23)
(25)
(28)
(30)
(32)
(37)
(37)
(42)
(45)
(54)
(54)
(56)
(58)
(57)
(60)
(73)
(80)
(95)
(103)
(101)
(106)
(113)
(120)
(134)
(140)
(144)
(157)
(166)
(182)
(183)
(195)
(208)
(215)
(254)
(252)
(245)
(235)
(207)
(201)
(180)
(185)
(181)
(211)
(248)
(272)
(296)
(327)
(352)
(363)
(385)
(426)
(494)
(539)
(579)
(655)
(684)
Selling, General & Administrative
(15)
(16)
(19)
(22)
(25)
(27)
(31)
(33)
(37)
(40)
(43)
(46)
(53)
(54)
(55)
(57)
(57)
(61)
(68)
(74)
(80)
(94)
(98)
(103)
(106)
(118)
(130)
(138)
(138)
(158)
(169)
(182)
(199)
(218)
(224)
(234)
(243)
(247)
(236)
(227)
(194)
(178)
(176)
(183)
(191)
(222)
(247)
(268)
(278)
(311)
(337)
(348)
(365)
(416)
(481)
(525)
(558)
(638)
(664)
Depreciation & Amortization
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(7)
0
0
0
(6)
0
0
0
(8)
0
0
0
(7)
0
0
0
(7)
0
0
0
(7)
0
0
0
(11)
0
0
0
(11)
0
0
0
(18)
0
0
0
(24)
0
0
Other Operating Expenses
(2)
(1)
(1)
(1)
(1)
(1)
1
1
(0)
2
1
1
(2)
(1)
(2)
(2)
(0)
(0)
(6)
(6)
(8)
(9)
(3)
(4)
0
(3)
(3)
(3)
2
1
2
1
24
23
17
19
(5)
(6)
(10)
(8)
(6)
(23)
(4)
(3)
21
11
(0)
(4)
(7)
(16)
(15)
(15)
(2)
(10)
(13)
(13)
3
(17)
(20)
Operating Income
21
N/A
24
+14%
27
+14%
28
+4%
30
+8%
28
-6%
31
+9%
36
+15%
35
-3%
37
+6%
33
-9%
34
+3%
31
-11%
33
+8%
37
+13%
43
+16%
49
+16%
52
+4%
53
+3%
54
+2%
55
+2%
60
+9%
70
+16%
81
+16%
94
+16%
102
+9%
108
+6%
116
+7%
122
+5%
132
+8%
139
+5%
135
-3%
155
+15%
157
+1%
159
+1%
176
+11%
154
-13%
167
+8%
95
-43%
72
-24%
11
-84%
(96)
N/A
(61)
+37%
(88)
-45%
(0)
+100%
65
N/A
114
+76%
177
+55%
221
+25%
259
+17%
352
+36%
454
+29%
545
+20%
597
+10%
611
+2%
624
+2%
630
+1%
603
-4%
648
+7%
Pre-Tax Income
Interest Income Expense
0
0
1
1
2
2
3
3
2
3
2
1
0
1
1
0
(0)
5
5
6
8
3
3
2
7
5
4
4
(2)
(6)
(11)
(15)
(5)
(15)
(10)
(11)
(7)
(9)
(11)
(17)
(16)
(25)
(9)
(11)
(7)
(5)
(24)
(35)
(32)
(30)
(35)
(37)
12
(22)
(15)
5
(32)
(42)
(82)
Non-Reccuring Items
0
0
0
0
0
0
0
0
2
0
0
0
3
0
0
0
0
0
0
0
(0)
0
0
0
(0)
0
0
0
(0)
0
0
0
(2)
(0)
(1)
(0)
1
(0)
(0)
(1)
(50)
(35)
(34)
(34)
(11)
(8)
(8)
(8)
(10)
2
2
2
(1)
1
1
1
5
12
43
Gain/Loss on Disposition of Assets
0
0
0
0
0
0
0
0
1
0
0
0
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Total Other Income
(0)
(0)
(0)
(0)
(0)
(0)
(2)
(2)
(1)
(0)
(0)
(0)
0
2
(1)
(0)
0
(1)
(1)
(1)
(0)
0
(0)
(0)
(2)
(0)
(0)
(0)
(3)
1
5
6
9
7
17
3
(5)
(33)
(42)
(26)
(36)
6
0
(3)
1
(2)
(6)
(5)
(3)
0
30
30
(3)
29
(1)
(2)
(3)
(8)
(15)
Pre-Tax Income
21
N/A
24
+16%
28
+16%
29
+6%
32
+8%
30
-5%
33
+10%
38
+14%
38
+1%
39
+1%
35
-10%
35
+0%
34
-3%
34
-1%
38
+12%
43
+15%
50
+15%
56
+14%
58
+3%
60
+3%
63
+5%
63
+0%
73
+15%
83
+14%
99
+19%
106
+8%
111
+5%
119
+7%
116
-3%
126
+9%
133
+5%
126
-5%
157
+25%
150
-4%
166
+10%
169
+2%
143
-15%
124
-13%
42
-66%
28
-33%
(91)
N/A
(149)
-64%
(103)
+31%
(136)
-31%
(17)
+87%
50
N/A
76
+54%
129
+68%
177
+37%
231
+31%
350
+51%
450
+29%
553
+23%
606
+10%
596
-2%
629
+6%
600
-5%
566
-6%
594
+5%
Net Income
Tax Provision
(4)
(7)
(6)
(7)
6
5
5
3
(9)
(9)
(9)
(8)
(8)
(8)
(9)
(10)
(11)
(13)
(13)
(14)
(14)
(14)
(17)
(20)
(23)
(25)
(24)
(26)
(30)
(32)
(36)
(33)
(41)
(40)
(39)
(43)
(36)
(31)
(29)
(24)
(8)
(1)
3
8
(7)
(16)
(21)
(30)
(37)
(47)
(67)
(85)
(109)
(122)
(131)
(146)
(146)
(148)
(143)
Income from Continuing Operations
17
17
22
23
37
36
38
41
29
30
26
27
26
25
28
33
39
44
45
46
49
49
55
63
76
82
87
94
87
94
97
93
116
111
126
126
107
92
13
4
(99)
(150)
(100)
(128)
(24)
34
55
99
139
184
282
365
445
484
465
483
455
418
451
Income to Minority Interest
0
0
0
0
0
0
0
0
0
0
0
0
1
1
1
1
0
(0)
(0)
0
0
1
2
3
5
5
5
4
1
1
0
(1)
(2)
(1)
(2)
(2)
(2)
(1)
(2)
(2)
(1)
(1)
0
0
(1)
(2)
(2)
(1)
(1)
(2)
(2)
(4)
(5)
(5)
(6)
(5)
(5)
(4)
(3)
Net Income (Common)
17
N/A
17
+5%
22
+29%
23
+3%
37
+61%
36
-4%
38
+7%
42
+8%
29
-29%
30
+2%
26
-12%
27
+2%
26
-2%
26
-1%
29
+12%
34
+18%
39
+13%
44
+13%
45
+3%
46
+2%
49
+7%
50
+1%
57
+15%
66
+15%
81
+23%
87
+7%
92
+6%
97
+6%
88
-10%
96
+9%
97
+1%
92
-5%
115
+25%
109
-5%
125
+14%
124
-1%
105
-15%
91
-13%
10
-89%
2
-84%
(100)
N/A
(151)
-51%
(100)
+34%
(128)
-28%
(25)
+80%
32
N/A
53
+67%
98
+83%
138
+42%
182
+32%
280
+54%
361
+29%
440
+22%
479
+9%
459
-4%
478
+4%
450
-6%
414
-8%
448
+8%
EPS (Diluted)
7.49
N/A
7.86
+5%
8.95
+14%
10
+12%
15.45
+55%
14.91
-3%
15.36
+3%
17.33
+13%
12.25
-29%
12.45
+2%
10.11
-19%
10.26
+1%
10.07
-2%
10.4
+3%
11.15
+7%
13.63
+22%
15.3
+12%
16.8
+10%
17.3
+3%
17.65
+2%
18.67
+6%
18.33
-2%
21.07
+15%
26.2
+24%
32.02
+22%
34.6
+8%
36.68
+6%
37.46
+2%
34.49
-8%
34.17
-1%
33.41
-2%
32.73
-2%
40.89
+25%
38.94
-5%
45.53
+17%
45.36
0%
38.43
-15%
33.24
-14%
3.79
-89%
0.62
-84%
-36.43
N/A
-54.38
-49%
-35.99
+34%
-45.54
-27%
-8.86
+81%
10.86
N/A
18.13
+67%
33.26
+83%
47.08
+42%
62.18
+32%
95.34
+53%
123.13
+29%
149.34
+21%
161.95
+8%
153.69
-5%
159.94
+4%
150.91
-6%
138.22
-8%
143.07
+4%

See Also

Summary
BFT intrinsic value, competitors valuation, and company profile.
DCF Valuation
BFT stock valuation using Discount Cash Flow valuation method.
Relative Valuation
BFT stock valuation using valuation multiples.
Wall Street Estimates
BFT price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
BFT stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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