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Bingo Industries

ASX:BIN
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BIN
ASX
A$1B
Market Cap
  1. Home
  2. AU
  3. Commercial Services
Company description

Bingo Industries Limited, together with its subsidiaries, provides waste management solutions for domestic and commercial businesses in Australia. The last earnings update was 88 days ago. More info.


Add to Portfolio Compare Print
  • Bingo Industries has significant price volatility in the past 3 months.
BIN Share Price and Events
7 Day Returns
5%
ASX:BIN
0.5%
AU Commercial Services
2.5%
AU Market
1 Year Returns
-29.2%
ASX:BIN
20.3%
AU Commercial Services
5%
AU Market
BIN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bingo Industries (BIN) 5% 8.9% 44.8% -29.2% - -
AU Commercial Services 0.5% 3.7% 8.6% 20.3% 18.3% 39.4%
AU Market 2.5% 2.4% 4.8% 5% 19.3% 8.7%
1 Year Return vs Industry and Market
  • BIN underperformed the Commercial Services industry which returned 20.3% over the past year.
  • BIN underperformed the Market in Australia which returned 5% over the past year.
Price Volatility
BIN
Industry
5yr Volatility vs Market

BIN Value

 Is Bingo Industries undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Bingo Industries to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Bingo Industries.

ASX:BIN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.1%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:BIN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.718 (1 + (1- 30%) (0%))
0.811
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.81
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (0.811 * 5.96%)
7.15%

Discounted Cash Flow Calculation for ASX:BIN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Bingo Industries is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ASX:BIN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 7.15%)
2019 -254.57 Analyst x3 -237.59
2020 18.95 Analyst x2 16.51
2021 50.90 Analyst x2 41.38
2022 83.22 Est @ 63.5% 63.14
2023 120.79 Est @ 45.14% 85.54
2024 159.80 Est @ 32.29% 105.61
2025 197.03 Est @ 23.3% 121.54
2026 230.54 Est @ 17% 132.72
2027 259.58 Est @ 12.6% 139.47
2028 284.26 Est @ 9.51% 142.55
Present value of next 10 years cash flows A$610.86
ASX:BIN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= A$284.26 × (1 + 2.31%) ÷ (7.15% – 2.31%)
A$6,016.21
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$6,016.21 ÷ (1 + 7.15%)10
A$3,016.86
ASX:BIN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$610.86 + A$3,016.86
A$3,627.72
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$3,627.72 / 656.44
A$5.53
ASX:BIN Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$5.53
Current discount Discount to share price of A$1.89
= -1 x (A$1.89 - A$5.53) / A$5.53
65.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Bingo Industries is available for.
Intrinsic value
>50%
Share price is A$1.89 vs Future cash flow value of A$5.53
Current Discount Checks
For Bingo Industries to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Bingo Industries's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Bingo Industries's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Bingo Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bingo Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:BIN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.07
ASX:BIN Share Price ** ASX (2019-05-24) in AUD A$1.89
Australia Commercial Services Industry PE Ratio Median Figure of 13 Publicly-Listed Commercial Services Companies 22.6x
Australia Market PE Ratio Median Figure of 542 Publicly-Listed Companies 16.39x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Bingo Industries.

ASX:BIN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:BIN Share Price ÷ EPS (both in AUD)

= 1.89 ÷ 0.07

26.44x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bingo Industries is overvalued based on earnings compared to the AU Commercial Services industry average.
  • Bingo Industries is overvalued based on earnings compared to the Australia market.
Price based on expected Growth
Does Bingo Industries's expected growth come at a high price?
Raw Data
ASX:BIN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 26.44x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
19.2%per year
Australia Commercial Services Industry PEG Ratio Median Figure of 10 Publicly-Listed Commercial Services Companies 1.85x
Australia Market PEG Ratio Median Figure of 358 Publicly-Listed Companies 1.43x

*Line of best fit is calculated by linear regression .

ASX:BIN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 26.44x ÷ 19.2%

1.38x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bingo Industries is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Bingo Industries's assets?
Raw Data
ASX:BIN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$1.21
ASX:BIN Share Price * ASX (2019-05-24) in AUD A$1.89
Australia Commercial Services Industry PB Ratio Median Figure of 26 Publicly-Listed Commercial Services Companies 3.26x
Australia Market PB Ratio Median Figure of 1,680 Publicly-Listed Companies 1.66x
ASX:BIN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:BIN Share Price ÷ Book Value per Share (both in AUD)

= 1.89 ÷ 1.21

1.56x

* Primary Listing of Bingo Industries.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bingo Industries is good value based on assets compared to the AU Commercial Services industry average.
X
Value checks
We assess Bingo Industries's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. Bingo Industries has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

BIN Future Performance

 How is Bingo Industries expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
19.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bingo Industries expected to grow at an attractive rate?
  • Bingo Industries's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Bingo Industries's earnings growth is expected to exceed the Australia market average.
  • Bingo Industries's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:BIN Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:BIN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 19.2%
ASX:BIN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 15.8%
Australia Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 8.7%
Australia Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 1%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.9%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:BIN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:BIN Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-06-30 680 84 1
2022-06-30 709 87 2
2021-06-30 629 112 70 6
2020-06-30 600 96 60 6
2019-06-30 406 65 45 6
ASX:BIN Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 335 70 34
2018-09-30 318 70 36
2018-06-30 300 70 38
2018-03-31 276 60 31
2017-12-31 252 49 24
2017-09-30 230 47 22
2017-06-30 209 45 20
2017-03-31 194 20
2016-12-31 179 21
2016-09-30 161 17
2016-06-30 142 27 14

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bingo Industries's earnings are expected to grow by 19.2% yearly, however this is not considered high growth (20% yearly).
  • Bingo Industries's revenue is expected to grow by 15.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:BIN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Bingo Industries Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:BIN Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-06-30 0.13 0.13 0.13 1.00
2022-06-30 0.13 0.14 0.12 2.00
2021-06-30 0.11 0.15 0.09 4.00
2020-06-30 0.09 0.13 0.07 4.00
2019-06-30 0.08 0.09 0.06 4.00
ASX:BIN Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.07
2018-09-30 0.08
2018-06-30 0.10
2018-03-31 0.09
2017-12-31 0.07
2017-09-30 0.07
2017-06-30 0.06
2017-03-31 0.06
2016-12-31 0.07
2016-09-30 0.05
2016-06-30 0.05

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Bingo Industries is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Bingo Industries's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Bingo Industries has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

BIN Past Performance

  How has Bingo Industries performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Bingo Industries's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Bingo Industries has delivered over 20% year on year earnings growth in the past 5 years.
  • Bingo Industries's 1-year earnings growth exceeds its 5-year average (40.2% vs 31.4%)
  • Bingo Industries's earnings growth has exceeded the AU Commercial Services industry average in the past year (40.2% vs 13.5%).
Earnings and Revenue History
Bingo Industries's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Bingo Industries Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:BIN Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 334.80 33.58 14.04
2018-09-30 317.50 35.79 13.32
2018-06-30 300.20 38.00 12.60
2018-03-31 275.86 30.98 11.73
2017-12-31 251.52 23.95 10.87
2017-09-30 230.15 21.89 11.66
2017-06-30 208.78 19.83 12.46
2017-03-31 194.12 20.18 9.50
2016-12-31 179.47 20.53 6.54
2016-09-30 160.77 17.09 5.73
2016-06-30 142.06 13.65 4.93
2015-06-30 101.60 13.40 7.20

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Bingo Industries has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bingo Industries used its assets less efficiently than the AU Commercial Services industry average last year based on Return on Assets.
  • Unable to establish if Bingo Industries improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Bingo Industries's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Bingo Industries has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

BIN Health

 How is Bingo Industries's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Bingo Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bingo Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Bingo Industries's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Bingo Industries's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Bingo Industries has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Bingo Industries Company Filings, last reported 4 months ago.

ASX:BIN Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 706.19 0.00 140.31
2018-09-30 706.19 0.00 140.31
2018-06-30 280.27 176.53 21.44
2018-03-31 280.27 176.53 21.44
2017-12-31 264.23 108.25 16.11
2017-09-30 264.23 108.25 16.11
2017-06-30 123.97 134.37 13.28
2017-03-31 123.97 134.37 13.28
2016-12-31 38.70 90.30 8.80
2016-09-30 38.70 90.30 8.80
2016-06-30 25.04 69.23 5.36
2015-06-30
  • Bingo Industries has no debt.
  • Bingo Industries currently has no debt however we can't compare to 5 years ago as we have no data for that period.
  • Bingo Industries has no debt, it does not need to be covered by operating cash flow.
  • Bingo Industries has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Bingo Industries's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Bingo Industries has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

BIN Dividends

 What is Bingo Industries's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.97%
Current annual income from Bingo Industries dividends. Estimated to be 2.17% next year.
If you bought A$2,000 of Bingo Industries shares you are expected to receive A$39 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Bingo Industries's pays a lower dividend yield than the bottom 25% of dividend payers in Australia (2.56%).
  • Bingo Industries's dividend is below the markets top 25% of dividend payers in Australia (5.65%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:BIN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
Australia Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 2.5%
Australia Market Average Dividend Yield Market Cap Weighted Average of 414 Stocks 4.2%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.5%
Australia Bottom 25% Dividend Yield 25th Percentile 2.6%
Australia Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:BIN Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2023-06-30 0.05 1.00
2022-06-30 0.05 2.00
2021-06-30 0.05 6.00
2020-06-30 0.04 6.00
2019-06-30 0.03 6.00
ASX:BIN Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-02-25 0.037 2.255
2018-08-20 0.040 1.745
2018-02-26 0.034 1.260

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether Bingo Industries has stable dividend payments.
  • Bingo Industries only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Bingo Industries's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
X
Income/ dividend checks
We assess Bingo Industries's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Bingo Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bingo Industries has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

BIN Management

 What is the CEO of Bingo Industries's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Daniel Tartak
COMPENSATION A$917,818
TENURE AS CEO 3.8 years
CEO Bio

Mr. Daniel Tartak has been the Chief Executive Officer of Bingo Industries Limited since July 2015 and has been its Managing Director and Executive Director since March 03, 2017. Mr. Tartak has experience across all areas of the business including in leadership roles as the Operations Manager and General Manager. He has over 14 years’ experience in the waste management business. He is An inspirational leader who is leading the process to disrupt the status quo and drive positive change across the recycling and waste management industry. He pioneered the new strategic direction that has successfully expanded Bingo’s bespoke recycling centres and quintessential collections fleet across NSW and Victoria. He has a proven track record in operations management, acquisitions and integrations and organic business growth, that has successfully positioned Bingo as an industry leader in the NSW and Victorian markets. He is an innovative leader with an entrepreneurial flare. He was integral in Bingo's implementation of its IT Systems (including Bingo Live) and creating an inspirational culture. He was the driving force behind Bingo's recent growth and acquisition strategy as it built its bespoke recycling centres and expanded across NSW and into commercial, industrial and liquid waste and waste equipment manufacturing.

CEO Compensation
  • Daniel's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Daniel's remuneration is lower than average for companies of similar size in Australia.
Management Team

Daniel Tartak

TITLE
MD, CEO & Executive Director
COMPENSATION
A$918K
TENURE
3.8 yrs

Anthony Story

TITLE
Chief Financial Officer
COMPENSATION
A$617K
AGE
57

Chris Jeffrey

TITLE
Chief Development Officer
COMPENSATION
A$622K
TENURE
1.8 yrs

Geoff Hill

TITLE
Chief Executive Commercial & Industrial and VIC
COMPENSATION
A$536K

Matthew Bryant

TITLE
Chief Information Officer

Tara Osborne

TITLE
General Manager of Strategy & Investor Relations

Brendan Martin

TITLE
General Manager of Corporate Development and M&A

Amanda Schmidhofer

TITLE
General Manger of Marketing

Elise Heydon

TITLE
Chief People & Culture Officer

Jim Sarkis

TITLE
Chief Safety
Board of Directors Tenure

Average tenure of the Bingo Industries board of directors in years:

2.2
Average Tenure
  • The average tenure for the Bingo Industries board of directors is less than 3 years, this suggests a new board.
Board of Directors

Michael Coleman

TITLE
Independent Non Executive Chairman
COMPENSATION
A$175K
AGE
68

Daniel Tartak

TITLE
MD, CEO & Executive Director
COMPENSATION
A$918K
TENURE
2.2 yrs

Maria Atkinson

TITLE
Independent Non-Executive Director
COMPENSATION
A$120K
TENURE
2.2 yrs

Richard Anthony England

TITLE
Independent Non-Executive Director
COMPENSATION
A$120K
AGE
68
TENURE
2.2 yrs

Daniel Girgis

TITLE
Non-Executive Director
COMPENSATION
A$170K
TENURE
2.2 yrs

Barry Buffier

TITLE
Independent Non-Executive Director
TENURE
0.8 yrs

Ian Malouf

TITLE
Director
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Bingo Industries insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
27. Mar 19 Buy Ian Malouf Individual 28. Feb 19 13. Mar 19 2,098,000 A$1.81 A$3,631,334
08. Mar 19 Buy Barry Buffier Individual 06. Mar 19 06. Mar 19 10,000 A$1.69 A$16,950
06. Mar 19 Buy Maria Atkinson Individual 28. Feb 19 28. Feb 19 14,665 A$1.70 A$24,930
28. Feb 19 Buy Michael Coleman Individual 28. Feb 19 28. Feb 19 27,500 A$1.80 A$49,500
28. Feb 19 Buy Barry Buffier Individual 28. Feb 19 28. Feb 19 20,000 A$1.67 A$33,500
22. Feb 19 Sell Realindex Investments Pty Limited Company 18. Oct 18 30. Jan 19 -337,408 A$2.44 A$-822,484
22. Feb 19 Buy Realindex Investments Pty Limited Company 30. Aug 18 08. Feb 19 2,516,387 A$2.90 A$7,294,521
22. Feb 19 Sell Colonial First State Asset Management (Australia) Limited Company 27. Aug 18 20. Feb 19 -25,713,354 A$2.70 A$-38,838,685
22. Feb 19 Buy Colonial First State Asset Management (Australia) Limited Company 24. Aug 18 18. Feb 19 18,258,489 A$2.77 A$48,254,889
28. Aug 18 Buy Realindex Investments Pty Limited Company 26. Jun 18 14. Aug 18 536,207 A$2.64 A$1,415,554
08. Oct 18 Sell Credit Suisse, Investment Banking and Securities Investments Company 25. Sep 18 25. Sep 18 -6,270 A$3.13 A$-19,625
10. Oct 18 Buy Barry Buffier Individual 09. Oct 18 09. Oct 18 10,000 A$2.85 A$28,500
28. Sep 18 Buy Credit Suisse, Investment Banking and Securities Investments Company 14. Sep 18 14. Sep 18 676,641 A$2.54 A$1,718,668
28. Sep 18 Sell Credit Suisse, Investment Banking and Securities Investments Company 04. Sep 18 11. Sep 18 -660,418 A$3.23 A$-2,133,353
28. Sep 18 Buy Credit Suisse, Investment Banking and Securities Investments Company 12. Sep 18 24. Sep 18 42 A$3.14 A$132
25. Sep 18 Sell Pengana Capital Ltd. Company 23. Aug 18 13. Sep 18 -951,133 A$3.22 A$-2,982,013
25. Sep 18 Buy Pengana Capital Ltd. Company 28. May 18 11. Jul 18 2,310,136 A$2.76 A$6,282,429
25. Sep 18 Sell Pengana Capital Ltd. Company 23. Aug 18 21. Sep 18 -3,123,095 A$3.11 A$-9,723,793
25. Sep 18 Buy Pengana Capital Ltd. Company 28. May 18 30. Aug 18 9,798,095 A$2.58 A$25,233,300
20. Sep 18 Sell Challenger Limited Company 15. Jun 18 29. Aug 18 -451,184 A$2.83 A$-1,276,889
20. Sep 18 Buy Challenger Limited Company 30. Apr 18 30. Aug 18 12,428,629 A$2.54 A$31,519,632
20. Sep 18 Buy Richard Anthony England Individual 14. Sep 18 14. Sep 18 21,150 A$2.54 A$53,721
20. Sep 18 Buy Maria Atkinson Individual 14. Sep 18 14. Sep 18 13,301 A$2.54 A$33,785
20. Sep 18 Buy Daniel Tartak Individual 14. Sep 18 14. Sep 18 28,525,926 A$2.54 A$72,455,834
20. Sep 18 Buy Michael Coleman Individual 14. Sep 18 14. Sep 18 45,912 A$2.54 A$116,616
06. Sep 18 Buy Credit Suisse, Investment Banking and Securities Investments Company 31. Aug 18 31. Aug 18 5,672 A$3.20 A$18,150
06. Sep 18 Buy Credit Suisse Asset Management (Switzerland) Company 31. Aug 18 31. Aug 18 32,093 A$3.20 A$102,698
04. Sep 18 Buy Credit Suisse, Investment Banking and Securities Investments Company 24. Aug 18 24. Aug 18 2 A$6.41 A$13
28. Aug 18 Buy Colonial First State Asset Management (Australia) Limited Company 03. May 18 23. Aug 18 11,053,591 A$2.71 A$29,934,311
24. Aug 18 Buy Credit Suisse, Investment Banking and Securities Investments Company 16. Aug 18 20. Aug 18 7 A$11.48 A$71
24. Aug 18 Buy Barry Buffier Individual 23. Aug 18 23. Aug 18 20,000 A$2.94 A$58,900
22. Jun 18 Sell Credit Suisse, Investment Banking and Securities Investments Company 04. Jun 18 04. Jun 18 -77 A$2.69 A$-207
X
Management checks
We assess Bingo Industries's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Bingo Industries has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

BIN News

Simply Wall St News

Should Bingo Industries Limited (ASX:BIN) Focus On Improving This Fundamental Metric?

Our data shows Bingo Industries has a return on equity of 4.8% for the last year. … The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Bingo Industries: 4.8% = AU$34m ÷ AU$706m (Based on the trailing twelve months to December 2018.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Bingo Industries's Debt And Its 4.8% ROE Shareholders will be pleased to learn that Bingo Industries has not one iota of net debt!

Simply Wall St -

What Are Analysts Saying About Bingo Industries Limited's (ASX:BIN) Future?

Help shape the future of investing tools and you could win a $250 gift card! … In December 2018, Bingo Industries Limited (ASX:BIN) released its earnings update. … as a 56% rise in profits is expected in the upcoming year,

Simply Wall St -

How Much Are Bingo Industries Limited (ASX:BIN) Insiders Spending On Buying Shares?

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … So shareholders might well want to know whether insiders have been buying or selling shares in Bingo Industries Limited (ASX:BIN). … Bingo Industries may have bought shares in the last year, but they didn't sell any

Simply Wall St -

Volatility 101: Should Bingo Industries (ASX:BIN) Shares Have Dropped 38%?

Investors in Bingo Industries Limited (ASX:BIN) have tasted that bitter downside in the last year, as the share price dropped 38%. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … During the unfortunate twelve months during which the Bingo Industries share price fell, it actually saw its earnings per share (EPS) improve by 0.6%.

Simply Wall St -

What Kind Of Shareholder Owns Most Bingo Industries Limited (ASX:BIN) Stock?

Every investor in Bingo Industries Limited (ASX:BIN) should be aware of the most powerful shareholder groups. … Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … Bingo Industries is a smaller company with a market capitalization of AU$1.0b, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

Why You Should Care About Bingo Industries Limited’s (ASX:BIN) Cash Levels

I will take you through Bingo Industries’s cash flow health and the risk-return concept based on the stock’s cash flow yield, using the most recent financial data. … Free cash flow (FCF) is the amount of cash Bingo Industries has left after it pays off its expenses, including its net capital expenditures, which is what the company needs to spend each year to maintain or grow its business operations. … I will be analysing Bingo Industries’s FCF by looking at its FCF yield and its operating cash flow growth.

Simply Wall St -

Bingo Industries Limited (ASX:BIN): A Fundamentally Attractive Investment

Bingo Industries Limited (ASX:BIN) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … is a company with great financial health as well as a.

Simply Wall St -

What Can We Learn From Bingo Industries Limited’s (ASX:BIN) Investment Returns?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … How Do You Calculate Return On Capital Employed

Simply Wall St -

Calculating The Intrinsic Value Of Bingo Industries Limited (ASX:BIN)

How far off is Bingo Industries Limited (ASX:BIN) from its intrinsic value? … by taking the expected future cash flows and discounting them to their present value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model.

Simply Wall St -

Is Bingo Industries Limited's (ASX:BIN) Balance Sheet A Threat To Its Future?

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Evaluating financial health as part of your investment thesis is. … Here are few basic financial health checks you should consider before taking the plunge.

Simply Wall St -

BIN Company Info

Description

Bingo Industries Limited, together with its subsidiaries, provides waste management solutions for domestic and commercial businesses in Australia. It operates through three segments: Collections, Post Collections, and Other. It collects and transports building, demolition, industrial, and commercial waste from customers to post-collection facilities; and provides bins on hire. The company also diverts waste from landfill by sorting and processing mixed waste received from customers to be reused, recycled, or sent to other facilities for further processing; manufactures and supplies bins; and provides solutions for household and liquid wastes, and contaminated soils. It operates 13 post-collections resource and recovery centers (RRCs) in New South Wales (NSW); and 4 RRCs in Victoria, as well as a truck fleet of approximately 254 trucks in NSW and Victoria. Bingo Industries Limited was incorporated in 2017 and is headquartered in Auburn, Australia.

Details
Name: Bingo Industries Limited
BIN
Exchange: ASX
Founded: 2017
A$1,276,780,652
656,442,495
Website: http://www.bingoindustries.com.au
Address: Bingo Industries Limited
305 Parramatta Road,
Auburn,
New South Wales, 2144,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX BIN Ordinary Shares Australian Securities Exchange AU AUD 03. May 2017
DB BI6 Ordinary Shares Deutsche Boerse AG DE EUR 03. May 2017
CHIA BIN Ordinary Shares Chi-X Australia AU AUD 03. May 2017
Number of employees
Current staff
Staff numbers
788
Bingo Industries employees.
Industry
Environmental and Facilities Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/24 10:36
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/05/05
Last earnings filing: 2019/02/25
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.