Hide

FocusBar

FeedbackFeedback
Subscribe to Premium Member
36.4 (1y: +18%)
Market Cap 2.47 B P/E(ttm) 26.10
Enterprise Value 2.56 B P/B 2.50
BID- NYSE (USA)
Sothebys
  • Currently 1/5
Business Predictability Rank: 1-Star (On Watch)
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$36.40
Switch to:

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry		 vs
history
Cash to Debt 1.103
BID's Cash to Debt is ranked lower than
147492% of the 678 Companies
in the Global Specialty Retail industry.

( Industry Median: 2.43 vs. BID: 1.103 )
BID' s 10-Year Cash to Debt Range
Min: 0.17   Max: 1.92
Current: 1.1
0.17
1.92
Equity to Asset 0.38
BID's Equity to Asset is ranked lower than
156986% of the 637 Companies
in the Global Specialty Retail industry.

( Industry Median: 0.52 vs. BID: 0.38 )
BID' s 10-Year Equity to Asset Range
Min: 0.11   Max: 0.38
Current: 0.38
0.11
0.38
Interest Coverage 5
BID's Interest Coverage is ranked lower than
183486% of the 545 Companies
in the Global Specialty Retail industry.

( Industry Median: 59.00 vs. BID: 5 )
BID' s 10-Year Interest Coverage Range
Min: 1   Max: 45
Current: 5
1
45
F-Score: 5
Z-Score: 2.4
M-Score: -1.85
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry		 vs
history
Operating margin (%) 27.90
BID's Operating margin (%) is ranked lower than
174520% of the 573 Companies
in the Global Specialty Retail industry.

( Industry Median: 5.90 vs. BID: 27.90 )
BID' s 10-Year Operating margin (%) Range
Min: -15.1   Max: 35.4
Current: 27.9
-15.1
35.4
Net-margin (%) 14.1
BID's Net-margin (%) is ranked lower than
179856% of the 556 Companies
in the Global Specialty Retail industry.

( Industry Median: 4.30 vs. BID: 14.1 )
BID' s 10-Year Net-margin (%) Range
Min: -47.7   Max: 23.2
Current: 14.1
-47.7
23.2
ROE (%) 10.9
BID's ROE (%) is ranked lower than
180832% of the 553 Companies
in the Global Specialty Retail industry.

( Industry Median: 10.50 vs. BID: 10.9 )
BID' s 10-Year ROE (%) Range
Min: -100.9   Max: 48.8
Current: 10.9
-100.9
48.8
ROA (%) 4.2
BID's ROA (%) is ranked lower than
180180% of the 555 Companies
in the Global Specialty Retail industry.

( Industry Median: 5.50 vs. BID: 4.2 )
BID' s 10-Year ROA (%) Range
Min: -17.7   Max: 10.6
Current: 4.2
-17.7
10.6
ROC (Joel Greenblatt) (%) 43.40
BID's ROC (Joel Greenblatt) (%) is ranked lower than
192678% of the 519 Companies
in the Global Specialty Retail industry.

( Industry Median: 24.10 vs. BID: 43.40 )
BID' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -27.8   Max: 141.2
Current: 43.4
-27.8
141.2
Revenue Growth (%) 10.8
BID's Revenue Growth (%) is ranked lower than
320513% of the 312 Companies
in the Global Specialty Retail industry.

( Industry Median: 8.00 vs. BID: 10.8 )
BID' s 10-Year Revenue Growth (%) Range
Min: -8.6   Max: 19.4
Current: 10.8
-8.6
19.4
EBITDA Growth (%) 31
BID's EBITDA Growth (%) is ranked lower than
418410% of the 239 Companies
in the Global Specialty Retail industry.

( Industry Median: 13.60 vs. BID: 31 )
BID' s 10-Year EBITDA Growth (%) Range
Min: -24.7   Max: 87.4
Current: 31
-24.7
87.4
» BID's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

BID Guru Trades in Q2 2012

Ken Fisher 1,281,960 sh (+1164.57%)
Manning & Napier Advisors, Inc 134,880 sh (+42.84%)
Chuck Royce 6,306,394 sh (+27.84%)
John Rogers 2,061,346 sh (+7.41%)
Jim Simons Sold Out
Steven Cohen Sold Out
Bruce Kovner 1,319,196 sh (-6.98%)
Pioneer Investments 532,823 sh (-11.1%)
Murray Stahl 121,196 sh (-12%)
Joel Greenblatt 114,453 sh (-31.16%)
» More
Q3 2012

BID Guru Trades in Q3 2012

Ken Fisher 1,482,110 sh (+15.61%)
John Rogers 2,118,511 sh (+2.77%)
Pioneer Investments Sold Out
Bruce Kovner Sold Out
Manning & Napier Advisors, Inc Sold Out
Murray Stahl 101,577 sh (-16.19%)
Chuck Royce 5,003,394 sh (-20.66%)
Joel Greenblatt 24,715 sh (-78.41%)
» More
Q4 2012

BID Guru Trades in Q4 2012

Bruce Kovner 123,210 sh (New)
Louis Moore Bacon 150,000 sh (New)
Steven Cohen 1,068,821 sh (New)
Ken Fisher 1,562,075 sh (+5.4%)
John Rogers 2,181,334 sh (+2.97%)
Joel Greenblatt Sold Out
Chuck Royce 4,832,594 sh (-3.41%)
Murray Stahl 82,518 sh (-18.76%)
» More
Q1 2013

BID Guru Trades in Q1 2013

Daniel Loeb 500,000 sh (New)
Jim Simons 45,224 sh (New)
John Rogers 2,376,009 sh (+8.92%)
Murray Stahl 82,518 sh (unchged)
Bruce Kovner Sold Out
Ken Fisher 1,559,423 sh (-0.17%)
Chuck Royce 4,050,294 sh (-16.19%)
Louis Moore Bacon 125,000 sh (-16.67%)
Steven Cohen 256,980 sh (-75.96%)
» More
» Details

Insider Trades

Latest Guru Trades with BID

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Daniel Loeb 2013-03-31 New Buy0.35%$33.47 - $40.17 $ 36.37-1%500000
Joel Greenblatt 2012-12-31 Sold Out 0.05%$28.12 - $33.78 $ 36.3717%0
Joel Greenblatt 2012-09-30 Reduce -78.41%0.22%$27.72 - $35.59 $ 36.3714%24715
Joel Greenblatt 2012-06-30 Reduce -31.16%0.18%$29.11 - $40.17 $ 36.377%114453
Joel Greenblatt 2012-03-31 Add 24.31%0.11%$28.4 - $40.51 $ 36.377%166268
Joel Greenblatt 2011-12-31 Add 31.17%0.11%$25.84 - $37.45 $ 36.3718%133751
Joel Greenblatt 2011-09-30 Add 110.73%0.24%$29.96 - $47.8 $ 36.37-6%101966
Joel Greenblatt 2011-06-30 Add 58.61%0.11%$37.6 - $54.41 $ 36.37-18%48388
Joel Greenblatt 2011-03-31 Add 201.01%0.32%$39.42 - $49.76 $ 36.37-20%30507
George Soros 2011-03-31 Sold Out $39.42 - $49.76 $ 36.37-20%0
Joel Greenblatt 2010-12-31 New Buy0.15%$35.59 - $46.8 $ 36.37-14%10135
George Soros 2010-12-31 New Buy0.1%$35.59 - $46.8 $ 36.37-14%163700
Premium More recent guru trades are included for Premium Members only!!

Top Ranked Articles about Sothebys

Art Collector Billionaire Steven Cohen and Sotheby’s--The Scream
March 30, 2013
Steven Cohen - Art Collector Billionaire Steven Cohen And Sotheby’s--The Scream
Famous art auctioneer Sotheby’s Annual Report 2012 is aptly covered with “The Scream,” the harrowing painting by Edvard Munch. Why the scream? Sotheby’s reported net income of $108.3 million in 2012 reflects a 37% decrease from 2011. Read more...

Ratios

vs
industry		 vs
history
P/E(ttm) 25.90
BID's P/E(ttm) is ranked lower than
179533% of the 557 Companies
in the Global Specialty Retail industry.

( Industry Median: 16.30 vs. BID: 25.90 )
BID' s 10-Year P/E(ttm) Range
Min: 3.97   Max: 133.22
Current: 25.9
3.97
133.22
P/B 2.50
BID's P/B is ranked lower than
149477% of the 669 Companies
in the Global Specialty Retail industry.

( Industry Median: 1.45 vs. BID: 2.50 )
BID' s 10-Year P/B Range
Min: 0.79   Max: 15.9
Current: 2.5
0.79
15.9
P/S 3.30
BID's P/S is ranked lower than
147275% of the 679 Companies
in the Global Specialty Retail industry.

( Industry Median: 0.60 vs. BID: 3.30 )
BID' s 10-Year P/S Range
Min: 0.63   Max: 4.76
Current: 3.3
0.63
4.76
PFCF 16.30
BID's PFCF is ranked lower than
202840% of the 493 Companies
in the Global Specialty Retail industry.

( Industry Median: 17.70 vs. BID: 16.30 )
BID' s 10-Year PFCF Range
Min: 4.38   Max: 105.78
Current: 16.3
4.38
105.78
EV-to-EBIT 13
BID's EV-to-EBIT is ranked lower than
167785% of the 596 Companies
in the Global Specialty Retail industry.

( Industry Median: 12.50 vs. BID: 13 )
BID' s 10-Year EV-to-EBIT Range
Min: 3.8   Max: 58.3
Current: 13
3.8
58.3
PEG 0.8
BID's PEG is ranked lower than
420168% of the 238 Companies
in the Global Specialty Retail industry.

( Industry Median: 1.28 vs. BID: 0.8 )
BID' s 10-Year PEG Range
Min: 0.12   Max: 2.27
Current: 0.8
0.12
2.27
Shiller P/E 22
BID's Shiller P/E is ranked lower than
100% of the Companies
in the Global Specialty Retail industry.

( Industry Median: vs. BID: 22 )
BID' s 10-Year Shiller P/E Range
Min: 5.05   Max: 290.15
Current: 22
5.05
290.15

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 0.70
BID's Dividend Yield is ranked lower than
220264% of the 454 Companies
in the Global Specialty Retail industry.

( Industry Median: 1.99 vs. BID: 0.70 )
BID' s 10-Year Dividend Yield Range
Min: 0.27   Max: 9.27
Current: 0.7
0.27
9.27
Dividend Payout 0.1705
BID's Dividend Payout is ranked lower than
273972% of the 365 Companies
in the Global Specialty Retail industry.

( Industry Median: 0.40 vs. BID: 0.1705 )
BID' s 10-Year Dividend Payout Range
Min: 0.08   Max: 1.39
Current: 0.17
0.08
1.39
Dividend growth (3y) 1.6
BID's Dividend growth (3y) is ranked lower than
813007% of the 123 Companies
in the Global Specialty Retail industry.

( Industry Median: 15.00 vs. BID: 1.6 )
BID' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 10.7
Current: 1.6
0
10.7
Yield on cost (5-Year) 0.33
BID's Yield on cost (5-Year) is ranked lower than
218340% of the 458 Companies
in the Global Specialty Retail industry.

( Industry Median: 2.13 vs. BID: 0.33 )
BID' s 10-Year Yield on cost (5-Year) Range
Min: 0.13   Max: 4.34
Current: 0.33
0.13
4.34
Share Buyback Rate -1.2
BID's Share Buyback Rate is ranked lower than
917430% of the 109 Companies
in the Global Specialty Retail industry.

( Industry Median: 1.70 vs. BID: -1.2 )
BID' s 10-Year Share Buyback Rate Range
Min: 0   Max: -1.5
Current: -1.2

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 4.2
BID's Price/Net Current Asset Value is ranked lower than
158730% of the 630 Companies
in the Global Specialty Retail industry.

( Industry Median: 6.70 vs. BID: 4.2 )
BID' s 10-Year Price/Net Current Asset Value Range
Min: 0.9   Max: 4.7
Current: 4.2
0.9
4.7
Price/Tangible Book 2.5
BID's Price/Tangible Book is ranked lower than
157978% of the 633 Companies
in the Global Specialty Retail industry.

( Industry Median: 1.70 vs. BID: 2.5 )
BID' s 10-Year Price/Tangible Book Range
Min: 1.1   Max: 10
Current: 2.5
1.1
10
Price/DCF (Projected) 1.6
BID's Price/DCF (Projected) is ranked lower than
347222% of the 288 Companies
in the Global Specialty Retail industry.

( Industry Median: 1.20 vs. BID: 1.6 )
BID' s 10-Year Price/DCF (Projected) Range
Min: 0.8   Max: 367.2
Current: 1.6
0.8
367.2
Price/Median PS Value 1.2
BID's Price/Median PS Value is ranked lower than
149925% of the 667 Companies
in the Global Specialty Retail industry.

( Industry Median: 1.10 vs. BID: 1.2 )
BID' s 10-Year Price/Median PS Value Range
Min: 0.3   Max: 1.5
Current: 1.2
0.3
1.5
Price/Graham Number 1.6
BID's Price/Graham Number is ranked lower than
188324% of the 531 Companies
in the Global Specialty Retail industry.

( Industry Median: 1.20 vs. BID: 1.6 )
BID' s 10-Year Price/Graham Number Range
Min: 1   Max: 2.8
Current: 1.6
1
2.8
Earnings Yield (Greenblatt) 7.70
BID's Earnings Yield (Greenblatt) is ranked lower than
166113% of the 602 Companies
in the Global Specialty Retail industry.

( Industry Median: 8.00 vs. BID: 7.70 )
BID' s 10-Year Earnings Yield (Greenblatt) Range
Min: 1.7   Max: 26.4
Current: 7.7
1.7
26.4
Forward Rate of Return (Yacktman) 2.28
BID's Forward Rate of Return (Yacktman) is ranked lower than
374531% of the 267 Companies
in the Global Specialty Retail industry.

( Industry Median: 15.14 vs. BID: 2.28 )
BID' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -10.8   Max: 43.8
Current: 2.28
-10.8
43.8

Business Description

Sothebys was initially incorporated in Michigan in August 1983. It is an auctioneer of authenticated fine art, antiques and decorative art, jewelry and collectibles. The Company's operations are organized into three business segments: Auction, Finance and Dealer. The Auction segment functions principally as an agent by offering works of art for sale at auction. In addition, its Auction segment provides a number of related services including the brokering of private sales of artwork. Sothebys also operates as a dealer in works of art through its Dealer segment, conducts art-related financing activities through its Finance segment and is engaged, to a lesser extent, in licensing activities. Sothebys' main role as an auctioneer or broker is to identify, evaluate and appraise works of art through its international staff of experts; to stimulate buyer interest through professional marketing techniques; and to match sellers and buyers. In its role as auctioneer, it mainly functions as an agent accepting property on consignment from its selling clients. The Company bills the buyer for property purchased, receives payment from the buyer and remits to the consignor the consignor's portion of the buyer's payment after deducting Sothebys' commissions, expenses and applicable taxes and royalties. Its commissions include those paid by the buyer (buyer's premium) and those paid by the seller (seller's commission) (collectively, auction commission revenue), both of which are calculated as a percentage of the hammer price of the property sold at auction. The Company's Finance segment provides certain collectors and art dealers with financing, generally secured by works of art that it either has in its possession or permits borrowers to possess. The Finance segment's loans are predominantly variable interest rate loans. Its Finance segment generally makes two types of secured loans: advances secured by consigned property to borrowers who are contractually committed, in the near term, to sell the property at auction (a consignor advance); and general purpose term loans secured by property not presently intended for sale (a term loan). The Company's Dealer segment's activities principally include the activities of Noortman Master Paintings (or NMP), an art dealer specializing in Dutch and Flemish Old Master Paintings, as well as French Impressionist and Post-Impressionist paintings. As an art dealer, NMP sells works of art directly to private collectors and museums and, from time-to-time, acts as a broker in private purchases and sales of art. Competition in the international art market is intense. The Company's main auction competitor is Christie's International, PLC (Christie's), a privately held, French-owned, auction house. Many of Sotheby's activities are subject to laws and regulations.
Company Website
SEC Reports
Industry: Specialty Retail
Compare:TSCO, AMZN, EBAY, FIVE, AZO
Traded in other countries:SBYA.Germany
» More Articles for BID

Headlines

Articles On GuruFocus.com
Art Collector Billionaire Steven Cohen and Sotheby’s--The Scream Mar 30 2013 
13 Best Dividend-Paying Services Stocks for Long-Term Investors Sep 12 2012 
Free Cash Flow: Adjusting for Acquisitions, Capital Allocation and Corporate Character Feb 13 2012 
Profiting from the Global Art Boom Jan 12 2012 
Contemplating a Bid on Sothebys Oct 26 2011 
New Magic Formula Stocks from Joel Greenblatt: Q1 Portfolio May 17 2011 
Ariel Funds Buys DV, FRPT, GCI, WPO, BEC, ARP, LNDC, IMN, Sells BID, IPG, PVTB, AXE, COV, DIS, GIFI Feb 21 2011 
Sotheby's (BID) Chairman, Soth. Financl. Serv Mitchell Zuckerman sells 1,500 Shares Aug 24 2009 
Sotheby's (BID) CEO & President William F Ruprecht sells 40,000 Shares Aug 20 2009 
Weekly Top Insider Buys: Target Corp., Taubman Centers Inc., Sotheby’s, Teledyne Technologies Inc. Mar 21 2009 

Personalized Checklist





Within your circle of competence?
Macro economic environment favorable?
High quality business?
Enough margin of safety with stocks?
Gurus are buying?
Insiders are buying?
Management capable and shareholder friendly?
Catalyst for stock price to appreciate?
Your level of confidence with the research?

GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names
Free 7-day Trial