Bassett Furniture Industries, Incorporated (BSET) 10-Year Financial Performance & Capital Metrics

BSET • • Industrial / General

Consumer CyclicalHome FurnishingsHome Furniture & FurnishingsTraditional Furniture Retailers

AboutBassett Furniture Industries, Incorporated engages in the manufacture, marketing, and retail of home furnishings in the United States and internationally. It operates through three segments: Wholesale, Retail company-owned Stores, and Logistical Services. The company engages in the design, manufacture, sourcing, sale, and distribution of furniture products to a network of company-owned retail stores and licensee-owned stores, and independent furniture retailers; and wood and upholstery operations. As of November 27, 2021, it operated a network of 63 company-owned stores and 34 licensee-owned stores. It also provides shipping, and warehousing services to customers in the furniture industry. In addition, the company owns and leases retail store properties; and distributes its products through other multi-line furniture stores, Bassett galleries or design centers, mass merchants, and specialty stores, as well as sells its products online. Bassett Furniture Industries, Incorporated was incorporated in 1902 and is based in Bassett, Virginia.Show more

Revenue $330M -15.4%
EBITDA -$6M -155.7%
Net Income -$10M -205.7%
EPS (Diluted) -1.11 -208.3%
Gross Margin 54.38% +2.7%
EBITDA Margin -1.93% -165.9%
Operating Margin -4.93% -1625.7%
Net Margin -2.94% -261.5%
ROE -5.53% -230.4%
ROIC -5.07% -1433.2%
Debt/Equity 0.64 +0.4%
Interest Coverage -542.30 -1046.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Healthy dividend yield of 4.5%
✓Trading at only 0.9x book value

✗Weaknesses

✗Negative free cash flow
✗Sales declining 6.1% over 5 years

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-0.32%

5Y-6.11%

3Y-8.51%

TTM-2.74%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM145.75%

EPS CAGR

10Y-

5Y-

3Y-

TTM202.17%

ROCE

10Y Avg6.02%

5Y Avg2.58%

3Y Avg1.61%

Latest-5.81%

Peer Comparison

Traditional Furniture Retailers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ETDEthan Allen Interiors Inc.	631.83M	24.83	12.35	-4.89%	7.79%	9.96%	7.98%	0.26
CRWSCrown Crafts, Inc.	31.25M	2.92	-3.24	-0.44%	-11.72%	-26.77%	31.21%	0.80
LEGLeggett & Platt, Incorporated	1.73B	12.74	-3.42	-7.23%	5.38%	23.08%	12.99%	2.97
HOFTHooker Furnishings Corporation	131.92M	12.24	-10.20	-8.25%	-3.4%	-6.62%		0.34
BSETBassett Furniture Industries, Incorporated	147.4M	16.97	-15.29	-15.43%	2.35%	4.69%		0.64

Profit & Loss

	Nov 2015	Nov 2016	Nov 2017	Nov 2018	Nov 2019	Nov 2020	Nov 2021	Nov 2022	Nov 2023	Nov 2024
Sales/Revenue+	430.93M	432.04M	452.5M	456.86M	452.09M	337.67M	430.89M	485.6M	390.14M	329.92M
Revenue Growth %	0.26%	0%	0.05%	0.01%	-0.01%	-0.25%	0.28%	0.13%	-0.2%	-0.15%
Cost of Goods Sold+	179.29M	167.52M	177.58M	179.58M	225.61M	163.57M	209.8M	237.26M	183.65M	150.51M
COGS % of Revenue	0.42%	0.39%	0.39%	0.39%	0.5%	0.48%	0.49%	0.49%	0.47%	0.46%
Gross Profit+	251.64M	264.52M	274.92M	277.27M	226.48M	174.1M	221.09M	248.34M	206.49M	179.41M
Gross Margin %	0.58%	0.61%	0.61%	0.61%	0.5%	0.52%	0.51%	0.51%	0.53%	0.54%
Gross Profit Growth %	0.38%	0.05%	0.04%	0.01%	-0.18%	-0.23%	0.27%	0.12%	-0.17%	-0.13%
Operating Expenses+	224.67M	236.33M	247.91M	262.42M	227.07M	176.41M	196.83M	213.47M	205.72M	195.68M
OpEx % of Revenue	0.52%	0.55%	0.55%	0.57%	0.5%	0.52%	0.46%	0.44%	0.53%	0.59%
Selling, General & Admin	224.46M	237.24M	248.96M	262.42M	219.03M	176.41M	196.83M	218.07M	205.23M	187.96M
SG&A % of Revenue	0.52%	0.55%	0.55%	0.57%	0.48%	0.52%	0.46%	0.45%	0.53%	0.57%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	209K	-910K	-1.05M	0	8.04M	0	1K	-4.59M	496K	7.73M
Operating Income+	25.99M	28.19M	27.02M	14.08M	-595K	-1.02M	24.26M	30.27M	1.26M	-16.27M
Operating Margin %	0.06%	0.07%	0.06%	0.03%	-0%	-0%	0.06%	0.06%	0%	-0.05%
Operating Income Growth %	0.72%	0.08%	-0.04%	-0.48%	-1.04%	-0.71%	24.83%	0.25%	-0.96%	-13.9%
EBITDA+	36.13M	41.06M	41.05M	28.3M	14.13M	12.46M	38.85M	40.31M	11.4M	-6.35M
EBITDA Margin %	0.08%	0.1%	0.09%	0.06%	0.03%	0.04%	0.09%	0.08%	0.03%	-0.02%
EBITDA Growth %	0.61%	0.14%	-0%	-0.31%	-0.5%	-0.12%	2.12%	0.04%	-0.72%	-1.56%
D&A (Non-Cash Add-back)	10.14M	12.87M	14.04M	14.21M	14.72M	13.48M	14.6M	10.04M	10.14M	9.92M
EBIT	32.48M	26.33M	28.11M	12.26M	-1.73M	-16.74M	22.79M	34.1M	-2.47M	-14.34M
Net Interest Income+	-607K	-432K	-4K	374K	562K	232K	15K	264K	2.51M	2.64M
Interest Income	0	120K	230K	431K	568K	232K	48K	302K	2.53M	2.67M
Interest Expense	607K	552K	234K	57K	6K	0	33K	38K	22K	30K
Other Income/Expense	5.88M	-2.42M	858K	-1.88M	-1.15M	-15.71M	-1.5M	3.79M	-3.75M	1.9M
Pretax Income+	31.87M	25.78M	27.88M	12.21M	-1.74M	-18.01M	22.76M	34.06M	-2.49M	-14.37M
Pretax Margin %	0.07%	0.06%	0.06%	0.03%	-0%	-0.05%	0.05%	0.07%	-0.01%	-0.04%
Income Tax+	11.44M	9.95M	9.62M	3.99M	188K	-6.54M	5.84M	8.7M	683K	-4.67M
Effective Tax Rate %	0.64%	0.61%	0.65%	0.67%	1.11%	0.58%	0.79%	1.92%	1.27%	0.67%
Net Income+	20.43M	15.83M	18.26M	8.22M	-1.93M	-10.42M	18.04M	65.34M	-3.17M	-9.7M
Net Margin %	0.05%	0.04%	0.04%	0.02%	-0%	-0.03%	0.04%	0.13%	-0.01%	-0.03%
Net Income Growth %	1.2%	-0.23%	0.15%	-0.55%	-1.23%	-4.41%	2.73%	2.62%	-1.05%	-2.06%
Net Income (Continuing)	20.43M	15.83M	18.26M	8.22M	-1.93M	-11.48M	16.92M	25.36M	-3.17M	-9.7M
Discontinued Operations	0	0	0	0	0	1.06M	1.12M	39.98M	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	1.88	1.46	1.70	0.77	-0.19	-1.05	1.83	2.70	-0.36	-1.11
EPS Growth %	1.16%	-0.22%	0.16%	-0.55%	-1.25%	-4.53%	2.74%	0.48%	-1.13%	-2.08%
EPS (Basic)	1.91	1.47	1.71	0.77	-0.19	-1.05	1.83	2.70	-0.36	-1.11
Diluted Shares Outstanding	10.87M	10.84M	10.74M	10.69M	10.29M	9.97M	9.84M	9.4M	8.78M	8.76M
Basic Shares Outstanding	10.7M	10.77M	10.68M	10.67M	10.29M	9.97M	9.84M	9.39M	8.78M	8.76M
Dividend Payout Ratio	0.28%	0.4%	0.42%	1.07%	-	-	0.43%	0.31%	-	-

Balance Sheet

	Nov 2015	Nov 2016	Nov 2017	Nov 2018	Nov 2019	Nov 2020	Nov 2021	Nov 2022	Nov 2023	Nov 2024
Total Current Assets+	147.28M	140.57M	159.38M	148.55M	136.79M	160.68M	180.28M	196.5M	157.95M	141.54M
Cash & Short-Term Investments	59.39M	58.27M	77.07M	56.11M	37.12M	63.51M	52.09M	79.34M	70.18M	59.91M
Cash Only	36.27M	35.14M	53.95M	33.47M	19.69M	45.8M	34.37M	61.63M	52.41M	39.55M
Short-Term Investments	23.13M	23.13M	23.13M	22.64M	17.44M	17.71M	17.71M	17.71M	17.77M	20.36M
Accounts Receivable	21.2M	18.36M	19.64M	19.05M	21.38M	32.01M	20.57M	20.19M	16.31M	17.42M
Days Sales Outstanding	17.95	15.51	15.84	15.22	17.26	34.6	17.42	15.18	15.26	19.27
Inventory	59.9M	53.22M	54.48M	64.19M	66.3M	54.89M	78M	85.48M	62.98M	54.97M
Days Inventory Outstanding	121.94	115.95	111.97	130.47	107.27	122.48	135.71	131.5	125.18	133.3
Other Current Assets	6.8M	10.73M	8.19M	9.19M	11.98M	10.27M	29.62M	11.49M	8.48M	6.31M
Total Non-Current Assets+	135.26M	137.7M	134.37M	143.09M	138.98M	241.87M	241.38M	209.78M	212.47M	229.46M
Property, Plant & Equipment	96.1M	104.66M	103.24M	104.86M	101.72M	207.82M	208.21M	176.47M	184.87M	170.67M
Fixed Asset Turnover	4.48x	4.13x	4.38x	4.36x	4.44x	1.62x	2.07x	2.75x	2.11x	1.93x
Goodwill	11.59M	11.59M	11.9M	16.04M	14.12M	12.15M	12.15M	12.77M	7.22M	7.22M
Intangible Assets	6.09M	5.77M	5.45M	12.44M	12.06M	11.68M	11.3M	8.96M	8.85M	6.97M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	8M	7.61M	5.38M	6.49M	5.34M	5.64M	6.53M	6.05M	6.89M	7.91M
Total Assets+	282.54M	278.27M	293.75M	291.64M	275.77M	402.55M	421.66M	406.27M	370.42M	341.17M
Asset Turnover	1.53x	1.55x	1.54x	1.57x	1.64x	0.84x	1.02x	1.20x	1.05x	0.97x
Asset Growth %	0.17%	-0.02%	0.06%	-0.01%	-0.05%	0.46%	0.05%	-0.04%	-0.09%	-0.08%
Total Current Liabilities+	79.85M	77.01M	83.36M	81.82M	72.27M	118.37M	134.22M	100.83M	77.89M	73.4M
Accounts Payable	20.92M	21.28M	21.76M	27.41M	23.68M	23.43M	23.99M	20.36M	16.34M	13.3M
Days Payables Outstanding	42.58	46.37	44.73	55.7	38.31	52.28	41.73	31.32	32.47	32.26
Short-Term Debt	5.27M	3.29M	3.4M	292K	0	0	0	0	0	18.17M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	2.54M	13.6M	3.76M	1M	11.31M	16.96M	20.27M	282K	8.93M	6.78M
Current Ratio	1.84x	1.83x	1.91x	1.82x	1.89x	1.36x	1.34x	1.95x	2.03x	1.93x
Quick Ratio	1.09x	1.13x	1.26x	1.03x	0.98x	0.89x	0.76x	1.10x	1.22x	1.18x
Cash Conversion Cycle	97.31	85.09	83.09	89.99	86.22	104.8	111.4	115.35	107.96	120.31
Total Non-Current Liabilities+	25.33M	20.55M	18.93M	19.51M	24.82M	126.15M	124.71M	109.84M	109.09M	100.44M
Long-Term Debt	8.5M	3.82M	329K	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	0	111.97M	105.84M	97.48M	97.36M	88.39M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	16.83M	16.73M	18.6M	19.51M	24.82M	14.18M	18.87M	12.36M	11.64M	11.89M
Total Liabilities	105.18M	97.56M	102.29M	101.33M	97.1M	244.52M	258.93M	210.66M	186.98M	173.84M
Total Debt+	13.77M	7.11M	3.73M	292K	0	139.05M	133.53M	116.3M	116.18M	106.44M
Net Debt	-22.5M	-28.03M	-50.22M	-33.18M	-19.69M	93.25M	99.16M	54.67M	63.78M	66.89M
Debt / Equity	0.08x	0.04x	0.02x	0.00x	-	0.88x	0.82x	0.59x	0.63x	0.64x
Debt / EBITDA	0.38x	0.17x	0.09x	0.01x	-	11.16x	3.44x	2.88x	10.19x	-
Net Debt / EBITDA	-0.62x	-0.68x	-1.22x	-1.17x	-1.39x	7.48x	2.55x	1.36x	5.59x	-
Interest Coverage	42.82x	51.07x	115.46x	247.09x	-99.17x	-	735.06x	796.58x	57.32x	-542.30x
Total Equity+	177.37M	180.71M	191.46M	190.31M	178.67M	158.03M	162.73M	195.61M	183.44M	167.33M
Equity Growth %	0.13%	0.02%	0.06%	-0.01%	-0.06%	-0.12%	0.03%	0.2%	-0.06%	-0.09%
Book Value per Share	16.32	16.67	17.83	17.80	17.37	15.85	16.53	20.80	20.88	19.10
Total Shareholders' Equity	177.37M	180.71M	191.46M	190.31M	178.67M	158.03M	162.73M	195.61M	183.44M	167.33M
Common Stock	54.58M	53.62M	53.69M	52.64M	50.58M	49.71M	48.81M	44.76M	43.84M	43.68M
Retained Earnings	120.9M	129.39M	139.38M	140.01M	129.13M	109.71M	115.63M	150.8M	139.35M	122.85M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-2.68M	-2.55M	-2.57M	-2.34M	-1.24M	-1.39M	-1.82M	50K	152K	793K
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Nov 2015	Nov 2016	Nov 2017	Nov 2018	Nov 2019	Nov 2020	Nov 2021	Nov 2022	Nov 2023	Nov 2024
Cash from Operations+	34.4M	39.06M	37.06M	29.91M	9.81M	36.67M	14.56M	-2.97M	18.72M	4.05M
Operating CF Margin %	0.08%	0.09%	0.08%	0.07%	0.02%	0.11%	0.03%	-0.01%	0.05%	0.01%
Operating CF Growth %	0.14%	0.14%	-0.05%	-0.19%	-0.67%	2.74%	-0.6%	-1.2%	7.3%	-0.78%
Net Income	20.43M	15.83M	18.26M	8.22M	-1.93M	-10.42M	18.04M	65.34M	-3.17M	-9.7M
Depreciation & Amortization	10.14M	12.25M	13.31M	13.2M	13.5M	13.48M	14.6M	10.04M	10.14M	9.92M
Stock-Based Compensation	0	903K	0	1.13M	958K	420K	158K	538K	849K	804K
Deferred Taxes	1.93M	0	-302K	4.66M	0	0	0	0	0	0
Other Non-Cash Items	-1.54M	4.1M	-666K	10.56M	4.07M	40.11M	18.6M	-76.06M	-11.32M	5.26M
Working Capital Changes	3.44M	5.98M	6.46M	-7.88M	-6.79M	-6.92M	-36.83M	-2.84M	22.23M	-2.24M
Change in Receivables	-2.35M	3.23M	-1.23M	1.39M	-2.62M	-962K	-5.83M	3.17M	4.1M	555K
Change in Inventory	-2.62M	6.68M	-918K	-8.31M	-5.2M	6.49M	-26.09M	-9.54M	17.87M	3.02M
Change in Payables	5.13M	0	4.14M	0	0	0	0	0	0	0
Cash from Investing+	-19.66M	-20.83M	-6.99M	-31.97M	-11.17M	-3.75M	-11.57M	65.84M	-17.76M	-8.77M
Capital Expenditures	-13.97M	-21.5M	-15.5M	-18.3M	-17.38M	-6.03M	-10.75M	-21.3M	-17.49M	-5.21M
CapEx % of Revenue	0.03%	0.05%	0.03%	0.04%	0.04%	0.02%	0.02%	0.04%	0.04%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	667K	3.62M	1.4M	995K	2.56M	-821K	92.72M	-274K	-3.56M
Cash from Financing+	-3.14M	-19.35M	-11.44M	-18.49M	-12.42M	-6.82M	-14.42M	-35.56M	-10.23M	-8.12M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-5.79M	-6.31M	-7.72M	-8.8M	-5.13M	-4.54M	-7.69M	-20.16M	-5.98M	-6.65M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	7.16M	37K	-515K	-752K	0	-228K	-219K	-19K	-109K	-161K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	18.42M	17.56M	20.88M	10.4M	-7.57M	30.65M	3.81M	-24.27M	1.24M	-1.16M
FCF Margin %	0.04%	0.04%	0.05%	0.02%	-0.02%	0.09%	0.01%	-0.05%	0%	-0%
FCF Growth %	0.54%	-0.05%	0.19%	-0.5%	-1.73%	5.05%	-0.88%	-7.36%	1.05%	-1.94%
FCF per Share	1.70	1.62	1.94	0.97	-0.74	3.07	0.39	-2.58	0.14	-0.13
FCF Conversion (FCF/Net Income)	1.68x	2.47x	2.03x	3.64x	-5.09x	-3.52x	0.81x	-0.05x	-5.90x	-0.42x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	12.23%	8.84%	9.81%	4.31%	-1.04%	-6.19%	11.25%	36.47%	-1.67%	-5.53%
Return on Invested Capital (ROIC)	13.57%	13.75%	13.79%	7.08%	-0.28%	-0.37%	7.09%	8.87%	0.38%	-5.07%
Gross Margin	58.39%	61.23%	60.76%	60.69%	50.1%	51.56%	51.31%	51.14%	52.93%	54.38%
Net Margin	4.74%	3.66%	4.03%	1.8%	-0.43%	-3.09%	4.19%	13.46%	-0.81%	-2.94%
Debt / Equity	0.08x	0.04x	0.02x	0.00x	-	0.88x	0.82x	0.59x	0.63x	0.64x
Interest Coverage	42.82x	51.07x	115.46x	247.09x	-99.17x	-	735.06x	796.58x	57.32x	-542.30x
FCF Conversion	1.68x	2.47x	2.03x	3.64x	-5.09x	-3.52x	0.81x	-0.05x	-5.90x	-0.42x
Revenue Growth	26.47%	0.26%	4.74%	0.96%	-1.04%	-25.31%	27.6%	12.7%	-19.66%	-15.43%

Revenue by Segment

	2015	2017	2018	2019	2022
Furniture and Accessories	-	-	402.47M	403.87M	485.6M
Furniture and Accessories Growth	-	-	-	0.35%	20.24%
Wholesale	252.18M	249.19M	-	-	324.57M
Wholesale Growth	-	-1.18%	-	-	-
Retail	249.38M	-	-	-	-125.89M
Retail Growth	-	-	-	-	-
Logistical Services	77.25M	97.58M	54.39M	48.22M	-
Logistical Services Growth	-	26.31%	-44.26%	-11.33%	-
Company-owned Retail Stores	-	268.26M	-	-	-
Company-owned Retail Stores Growth	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Bassett Furniture Industries, Incorporated (BSET) reported $331.0M in revenue for fiscal year 2024. This represents a 31% increase from $253.2M in 2011.

Bassett Furniture Industries, Incorporated (BSET) saw revenue decline by 15.4% over the past year.

Yes, Bassett Furniture Industries, Incorporated (BSET) is profitable, generating $7.8M in net income for fiscal year 2024 (-2.9% net margin).

Dividend & Returns

Yes, Bassett Furniture Industries, Incorporated (BSET) pays a dividend with a yield of 4.47%. This makes it attractive for income-focused investors.

Bassett Furniture Industries, Incorporated (BSET) has a return on equity (ROE) of -5.5%. Negative ROE indicates the company is unprofitable.

Bassett Furniture Industries, Incorporated (BSET) generated $7.9M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

...

Bassett Furniture Industries, Incorporated (BSET) 10-Year Financial Performance & Capital Metrics

BSET • • Industrial / General

Consumer CyclicalHome FurnishingsHome Furniture & FurnishingsTraditional Furniture Retailers

Revenue $330M -15.4%
EBITDA -$6M -155.7%
Net Income -$10M -205.7%
EPS (Diluted) -1.11 -208.3%
Gross Margin 54.38% +2.7%
EBITDA Margin -1.93% -165.9%
Operating Margin -4.93% -1625.7%
Net Margin -2.94% -261.5%
ROE -5.53% -230.4%
ROIC -5.07% -1433.2%
Debt/Equity 0.64 +0.4%
Interest Coverage -542.30 -1046.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Healthy dividend yield of 4.5%
✓Trading at only 0.9x book value

✗Weaknesses

✗Negative free cash flow
✗Sales declining 6.1% over 5 years

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-0.32%

5Y-6.11%

3Y-8.51%

TTM-2.74%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM145.75%

EPS CAGR

10Y-

5Y-

3Y-

TTM202.17%

ROCE

10Y Avg6.02%

5Y Avg2.58%

3Y Avg1.61%

Latest-5.81%

Peer Comparison

Traditional Furniture Retailers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ETDEthan Allen Interiors Inc.	631.83M	24.83	12.35	-4.89%	7.79%	9.96%	7.98%	0.26
CRWSCrown Crafts, Inc.	31.25M	2.92	-3.24	-0.44%	-11.72%	-26.77%	31.21%	0.80
LEGLeggett & Platt, Incorporated	1.73B	12.74	-3.42	-7.23%	5.38%	23.08%	12.99%	2.97
HOFTHooker Furnishings Corporation	131.92M	12.24	-10.20	-8.25%	-3.4%	-6.62%		0.34
BSETBassett Furniture Industries, Incorporated	147.4M	16.97	-15.29	-15.43%	2.35%	4.69%		0.64

Profit & Loss

	Nov 2015	Nov 2016	Nov 2017	Nov 2018	Nov 2019	Nov 2020	Nov 2021	Nov 2022	Nov 2023	Nov 2024
Sales/Revenue+	430.93M	432.04M	452.5M	456.86M	452.09M	337.67M	430.89M	485.6M	390.14M	329.92M
Revenue Growth %	0.26%	0%	0.05%	0.01%	-0.01%	-0.25%	0.28%	0.13%	-0.2%	-0.15%
Cost of Goods Sold+	179.29M	167.52M	177.58M	179.58M	225.61M	163.57M	209.8M	237.26M	183.65M	150.51M
COGS % of Revenue	0.42%	0.39%	0.39%	0.39%	0.5%	0.48%	0.49%	0.49%	0.47%	0.46%
Gross Profit+	251.64M	264.52M	274.92M	277.27M	226.48M	174.1M	221.09M	248.34M	206.49M	179.41M
Gross Margin %	0.58%	0.61%	0.61%	0.61%	0.5%	0.52%	0.51%	0.51%	0.53%	0.54%
Gross Profit Growth %	0.38%	0.05%	0.04%	0.01%	-0.18%	-0.23%	0.27%	0.12%	-0.17%	-0.13%
Operating Expenses+	224.67M	236.33M	247.91M	262.42M	227.07M	176.41M	196.83M	213.47M	205.72M	195.68M
OpEx % of Revenue	0.52%	0.55%	0.55%	0.57%	0.5%	0.52%	0.46%	0.44%	0.53%	0.59%
Selling, General & Admin	224.46M	237.24M	248.96M	262.42M	219.03M	176.41M	196.83M	218.07M	205.23M	187.96M
SG&A % of Revenue	0.52%	0.55%	0.55%	0.57%	0.48%	0.52%	0.46%	0.45%	0.53%	0.57%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	209K	-910K	-1.05M	0	8.04M	0	1K	-4.59M	496K	7.73M
Operating Income+	25.99M	28.19M	27.02M	14.08M	-595K	-1.02M	24.26M	30.27M	1.26M	-16.27M
Operating Margin %	0.06%	0.07%	0.06%	0.03%	-0%	-0%	0.06%	0.06%	0%	-0.05%
Operating Income Growth %	0.72%	0.08%	-0.04%	-0.48%	-1.04%	-0.71%	24.83%	0.25%	-0.96%	-13.9%
EBITDA+	36.13M	41.06M	41.05M	28.3M	14.13M	12.46M	38.85M	40.31M	11.4M	-6.35M
EBITDA Margin %	0.08%	0.1%	0.09%	0.06%	0.03%	0.04%	0.09%	0.08%	0.03%	-0.02%
EBITDA Growth %	0.61%	0.14%	-0%	-0.31%	-0.5%	-0.12%	2.12%	0.04%	-0.72%	-1.56%
D&A (Non-Cash Add-back)	10.14M	12.87M	14.04M	14.21M	14.72M	13.48M	14.6M	10.04M	10.14M	9.92M
EBIT	32.48M	26.33M	28.11M	12.26M	-1.73M	-16.74M	22.79M	34.1M	-2.47M	-14.34M
Net Interest Income+	-607K	-432K	-4K	374K	562K	232K	15K	264K	2.51M	2.64M
Interest Income	0	120K	230K	431K	568K	232K	48K	302K	2.53M	2.67M
Interest Expense	607K	552K	234K	57K	6K	0	33K	38K	22K	30K
Other Income/Expense	5.88M	-2.42M	858K	-1.88M	-1.15M	-15.71M	-1.5M	3.79M	-3.75M	1.9M
Pretax Income+	31.87M	25.78M	27.88M	12.21M	-1.74M	-18.01M	22.76M	34.06M	-2.49M	-14.37M
Pretax Margin %	0.07%	0.06%	0.06%	0.03%	-0%	-0.05%	0.05%	0.07%	-0.01%	-0.04%
Income Tax+	11.44M	9.95M	9.62M	3.99M	188K	-6.54M	5.84M	8.7M	683K	-4.67M
Effective Tax Rate %	0.64%	0.61%	0.65%	0.67%	1.11%	0.58%	0.79%	1.92%	1.27%	0.67%
Net Income+	20.43M	15.83M	18.26M	8.22M	-1.93M	-10.42M	18.04M	65.34M	-3.17M	-9.7M
Net Margin %	0.05%	0.04%	0.04%	0.02%	-0%	-0.03%	0.04%	0.13%	-0.01%	-0.03%
Net Income Growth %	1.2%	-0.23%	0.15%	-0.55%	-1.23%	-4.41%	2.73%	2.62%	-1.05%	-2.06%
Net Income (Continuing)	20.43M	15.83M	18.26M	8.22M	-1.93M	-11.48M	16.92M	25.36M	-3.17M	-9.7M
Discontinued Operations	0	0	0	0	0	1.06M	1.12M	39.98M	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	1.88	1.46	1.70	0.77	-0.19	-1.05	1.83	2.70	-0.36	-1.11
EPS Growth %	1.16%	-0.22%	0.16%	-0.55%	-1.25%	-4.53%	2.74%	0.48%	-1.13%	-2.08%
EPS (Basic)	1.91	1.47	1.71	0.77	-0.19	-1.05	1.83	2.70	-0.36	-1.11
Diluted Shares Outstanding	10.87M	10.84M	10.74M	10.69M	10.29M	9.97M	9.84M	9.4M	8.78M	8.76M
Basic Shares Outstanding	10.7M	10.77M	10.68M	10.67M	10.29M	9.97M	9.84M	9.39M	8.78M	8.76M
Dividend Payout Ratio	0.28%	0.4%	0.42%	1.07%	-	-	0.43%	0.31%	-	-

Balance Sheet

	Nov 2015	Nov 2016	Nov 2017	Nov 2018	Nov 2019	Nov 2020	Nov 2021	Nov 2022	Nov 2023	Nov 2024
Total Current Assets+	147.28M	140.57M	159.38M	148.55M	136.79M	160.68M	180.28M	196.5M	157.95M	141.54M
Cash & Short-Term Investments	59.39M	58.27M	77.07M	56.11M	37.12M	63.51M	52.09M	79.34M	70.18M	59.91M
Cash Only	36.27M	35.14M	53.95M	33.47M	19.69M	45.8M	34.37M	61.63M	52.41M	39.55M
Short-Term Investments	23.13M	23.13M	23.13M	22.64M	17.44M	17.71M	17.71M	17.71M	17.77M	20.36M
Accounts Receivable	21.2M	18.36M	19.64M	19.05M	21.38M	32.01M	20.57M	20.19M	16.31M	17.42M
Days Sales Outstanding	17.95	15.51	15.84	15.22	17.26	34.6	17.42	15.18	15.26	19.27
Inventory	59.9M	53.22M	54.48M	64.19M	66.3M	54.89M	78M	85.48M	62.98M	54.97M
Days Inventory Outstanding	121.94	115.95	111.97	130.47	107.27	122.48	135.71	131.5	125.18	133.3
Other Current Assets	6.8M	10.73M	8.19M	9.19M	11.98M	10.27M	29.62M	11.49M	8.48M	6.31M
Total Non-Current Assets+	135.26M	137.7M	134.37M	143.09M	138.98M	241.87M	241.38M	209.78M	212.47M	229.46M
Property, Plant & Equipment	96.1M	104.66M	103.24M	104.86M	101.72M	207.82M	208.21M	176.47M	184.87M	170.67M
Fixed Asset Turnover	4.48x	4.13x	4.38x	4.36x	4.44x	1.62x	2.07x	2.75x	2.11x	1.93x
Goodwill	11.59M	11.59M	11.9M	16.04M	14.12M	12.15M	12.15M	12.77M	7.22M	7.22M
Intangible Assets	6.09M	5.77M	5.45M	12.44M	12.06M	11.68M	11.3M	8.96M	8.85M	6.97M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	8M	7.61M	5.38M	6.49M	5.34M	5.64M	6.53M	6.05M	6.89M	7.91M
Total Assets+	282.54M	278.27M	293.75M	291.64M	275.77M	402.55M	421.66M	406.27M	370.42M	341.17M
Asset Turnover	1.53x	1.55x	1.54x	1.57x	1.64x	0.84x	1.02x	1.20x	1.05x	0.97x
Asset Growth %	0.17%	-0.02%	0.06%	-0.01%	-0.05%	0.46%	0.05%	-0.04%	-0.09%	-0.08%
Total Current Liabilities+	79.85M	77.01M	83.36M	81.82M	72.27M	118.37M	134.22M	100.83M	77.89M	73.4M
Accounts Payable	20.92M	21.28M	21.76M	27.41M	23.68M	23.43M	23.99M	20.36M	16.34M	13.3M
Days Payables Outstanding	42.58	46.37	44.73	55.7	38.31	52.28	41.73	31.32	32.47	32.26
Short-Term Debt	5.27M	3.29M	3.4M	292K	0	0	0	0	0	18.17M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	2.54M	13.6M	3.76M	1M	11.31M	16.96M	20.27M	282K	8.93M	6.78M
Current Ratio	1.84x	1.83x	1.91x	1.82x	1.89x	1.36x	1.34x	1.95x	2.03x	1.93x
Quick Ratio	1.09x	1.13x	1.26x	1.03x	0.98x	0.89x	0.76x	1.10x	1.22x	1.18x
Cash Conversion Cycle	97.31	85.09	83.09	89.99	86.22	104.8	111.4	115.35	107.96	120.31
Total Non-Current Liabilities+	25.33M	20.55M	18.93M	19.51M	24.82M	126.15M	124.71M	109.84M	109.09M	100.44M
Long-Term Debt	8.5M	3.82M	329K	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	0	111.97M	105.84M	97.48M	97.36M	88.39M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	16.83M	16.73M	18.6M	19.51M	24.82M	14.18M	18.87M	12.36M	11.64M	11.89M
Total Liabilities	105.18M	97.56M	102.29M	101.33M	97.1M	244.52M	258.93M	210.66M	186.98M	173.84M
Total Debt+	13.77M	7.11M	3.73M	292K	0	139.05M	133.53M	116.3M	116.18M	106.44M
Net Debt	-22.5M	-28.03M	-50.22M	-33.18M	-19.69M	93.25M	99.16M	54.67M	63.78M	66.89M
Debt / Equity	0.08x	0.04x	0.02x	0.00x	-	0.88x	0.82x	0.59x	0.63x	0.64x
Debt / EBITDA	0.38x	0.17x	0.09x	0.01x	-	11.16x	3.44x	2.88x	10.19x	-
Net Debt / EBITDA	-0.62x	-0.68x	-1.22x	-1.17x	-1.39x	7.48x	2.55x	1.36x	5.59x	-
Interest Coverage	42.82x	51.07x	115.46x	247.09x	-99.17x	-	735.06x	796.58x	57.32x	-542.30x
Total Equity+	177.37M	180.71M	191.46M	190.31M	178.67M	158.03M	162.73M	195.61M	183.44M	167.33M
Equity Growth %	0.13%	0.02%	0.06%	-0.01%	-0.06%	-0.12%	0.03%	0.2%	-0.06%	-0.09%
Book Value per Share	16.32	16.67	17.83	17.80	17.37	15.85	16.53	20.80	20.88	19.10
Total Shareholders' Equity	177.37M	180.71M	191.46M	190.31M	178.67M	158.03M	162.73M	195.61M	183.44M	167.33M
Common Stock	54.58M	53.62M	53.69M	52.64M	50.58M	49.71M	48.81M	44.76M	43.84M	43.68M
Retained Earnings	120.9M	129.39M	139.38M	140.01M	129.13M	109.71M	115.63M	150.8M	139.35M	122.85M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-2.68M	-2.55M	-2.57M	-2.34M	-1.24M	-1.39M	-1.82M	50K	152K	793K
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Nov 2015	Nov 2016	Nov 2017	Nov 2018	Nov 2019	Nov 2020	Nov 2021	Nov 2022	Nov 2023	Nov 2024
Cash from Operations+	34.4M	39.06M	37.06M	29.91M	9.81M	36.67M	14.56M	-2.97M	18.72M	4.05M
Operating CF Margin %	0.08%	0.09%	0.08%	0.07%	0.02%	0.11%	0.03%	-0.01%	0.05%	0.01%
Operating CF Growth %	0.14%	0.14%	-0.05%	-0.19%	-0.67%	2.74%	-0.6%	-1.2%	7.3%	-0.78%
Net Income	20.43M	15.83M	18.26M	8.22M	-1.93M	-10.42M	18.04M	65.34M	-3.17M	-9.7M
Depreciation & Amortization	10.14M	12.25M	13.31M	13.2M	13.5M	13.48M	14.6M	10.04M	10.14M	9.92M
Stock-Based Compensation	0	903K	0	1.13M	958K	420K	158K	538K	849K	804K
Deferred Taxes	1.93M	0	-302K	4.66M	0	0	0	0	0	0
Other Non-Cash Items	-1.54M	4.1M	-666K	10.56M	4.07M	40.11M	18.6M	-76.06M	-11.32M	5.26M
Working Capital Changes	3.44M	5.98M	6.46M	-7.88M	-6.79M	-6.92M	-36.83M	-2.84M	22.23M	-2.24M
Change in Receivables	-2.35M	3.23M	-1.23M	1.39M	-2.62M	-962K	-5.83M	3.17M	4.1M	555K
Change in Inventory	-2.62M	6.68M	-918K	-8.31M	-5.2M	6.49M	-26.09M	-9.54M	17.87M	3.02M
Change in Payables	5.13M	0	4.14M	0	0	0	0	0	0	0
Cash from Investing+	-19.66M	-20.83M	-6.99M	-31.97M	-11.17M	-3.75M	-11.57M	65.84M	-17.76M	-8.77M
Capital Expenditures	-13.97M	-21.5M	-15.5M	-18.3M	-17.38M	-6.03M	-10.75M	-21.3M	-17.49M	-5.21M
CapEx % of Revenue	0.03%	0.05%	0.03%	0.04%	0.04%	0.02%	0.02%	0.04%	0.04%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	667K	3.62M	1.4M	995K	2.56M	-821K	92.72M	-274K	-3.56M
Cash from Financing+	-3.14M	-19.35M	-11.44M	-18.49M	-12.42M	-6.82M	-14.42M	-35.56M	-10.23M	-8.12M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-5.79M	-6.31M	-7.72M	-8.8M	-5.13M	-4.54M	-7.69M	-20.16M	-5.98M	-6.65M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	7.16M	37K	-515K	-752K	0	-228K	-219K	-19K	-109K	-161K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	18.42M	17.56M	20.88M	10.4M	-7.57M	30.65M	3.81M	-24.27M	1.24M	-1.16M
FCF Margin %	0.04%	0.04%	0.05%	0.02%	-0.02%	0.09%	0.01%	-0.05%	0%	-0%
FCF Growth %	0.54%	-0.05%	0.19%	-0.5%	-1.73%	5.05%	-0.88%	-7.36%	1.05%	-1.94%
FCF per Share	1.70	1.62	1.94	0.97	-0.74	3.07	0.39	-2.58	0.14	-0.13
FCF Conversion (FCF/Net Income)	1.68x	2.47x	2.03x	3.64x	-5.09x	-3.52x	0.81x	-0.05x	-5.90x	-0.42x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	12.23%	8.84%	9.81%	4.31%	-1.04%	-6.19%	11.25%	36.47%	-1.67%	-5.53%
Return on Invested Capital (ROIC)	13.57%	13.75%	13.79%	7.08%	-0.28%	-0.37%	7.09%	8.87%	0.38%	-5.07%
Gross Margin	58.39%	61.23%	60.76%	60.69%	50.1%	51.56%	51.31%	51.14%	52.93%	54.38%
Net Margin	4.74%	3.66%	4.03%	1.8%	-0.43%	-3.09%	4.19%	13.46%	-0.81%	-2.94%
Debt / Equity	0.08x	0.04x	0.02x	0.00x	-	0.88x	0.82x	0.59x	0.63x	0.64x
Interest Coverage	42.82x	51.07x	115.46x	247.09x	-99.17x	-	735.06x	796.58x	57.32x	-542.30x
FCF Conversion	1.68x	2.47x	2.03x	3.64x	-5.09x	-3.52x	0.81x	-0.05x	-5.90x	-0.42x
Revenue Growth	26.47%	0.26%	4.74%	0.96%	-1.04%	-25.31%	27.6%	12.7%	-19.66%	-15.43%

Revenue by Segment

	2015	2017	2018	2019	2022
Furniture and Accessories	-	-	402.47M	403.87M	485.6M
Furniture and Accessories Growth	-	-	-	0.35%	20.24%
Wholesale	252.18M	249.19M	-	-	324.57M
Wholesale Growth	-	-1.18%	-	-	-
Retail	249.38M	-	-	-	-125.89M
Retail Growth	-	-	-	-	-
Logistical Services	77.25M	97.58M	54.39M	48.22M	-
Logistical Services Growth	-	26.31%	-44.26%	-11.33%	-
Company-owned Retail Stores	-	268.26M	-	-	-
Company-owned Retail Stores Growth	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Bassett Furniture Industries, Incorporated (BSET) reported $331.0M in revenue for fiscal year 2024. This represents a 31% increase from $253.2M in 2011.

Bassett Furniture Industries, Incorporated (BSET) saw revenue decline by 15.4% over the past year.

Yes, Bassett Furniture Industries, Incorporated (BSET) is profitable, generating $7.8M in net income for fiscal year 2024 (-2.9% net margin).

Dividend & Returns

Yes, Bassett Furniture Industries, Incorporated (BSET) pays a dividend with a yield of 4.47%. This makes it attractive for income-focused investors.

Bassett Furniture Industries, Incorporated (BSET) has a return on equity (ROE) of -5.5%. Negative ROE indicates the company is unprofitable.

Bassett Furniture Industries, Incorporated (BSET) generated $7.9M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.