ASX:BIN

Stock Analysis Report

Executive Summary

Bingo Industries Limited, together with its subsidiaries, provides waste management solutions for domestic and commercial businesses in Australia.

Rewards

Earnings are forecast to grow 26.06% per year

Risk Analysis

High level of non-cash earnings

Highly volatile share price over past 3 months

Profit margins (5.6%) are lower than last year (12.7%)

Shareholders have been diluted in the past year



Snowflake Analysis

Reasonable growth potential with mediocre balance sheet.


Similar Companies

Veolia Environnement

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Share Price & News

How has Bingo Industries's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BIN's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

2.8%

BIN

-1.4%

AU Commercial Services

0.5%

AU Market


1 Year Return

40.6%

BIN

18.0%

AU Commercial Services

19.0%

AU Market

Return vs Industry: BIN exceeded the Australian Commercial Services industry which returned 18% over the past year.

Return vs Market: BIN exceeded the Australian Market which returned 19% over the past year.


Shareholder returns

BINIndustryMarket
7 Day2.8%-1.4%0.5%
30 Day3.2%-0.7%0.2%
90 Day34.1%1.7%0.4%
1 Year43.3%40.6%24.1%18.0%24.9%19.0%
3 Yearn/a22.5%9.5%37.0%18.2%
5 Yearn/a63.7%33.2%58.6%22.8%

Price Volatility Vs. Market

How volatile is Bingo Industries's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Bingo Industries undervalued compared to its fair value and its price relative to the market?

74.97x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BIN (A$2.91) is trading above our estimate of fair value (A$1.18)

Significantly Below Fair Value: BIN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BIN is poor value based on its PE Ratio (75x) compared to the Commercial Services industry average (19.1x).

PE vs Market: BIN is poor value based on its PE Ratio (75x) compared to the Australian market (18.5x).


Price to Earnings Growth Ratio

PEG Ratio: BIN is poor value based on its PEG Ratio (2.9x)


Price to Book Ratio

PB vs Industry: BIN is good value based on its PB Ratio (2.3x) compared to the AU Commercial Services industry average (2.3x).


Next Steps

Future Growth

How is Bingo Industries forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

26.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BIN's forecast earnings growth (26.1% per year) is above the savings rate (1.1%).

Earnings vs Market: BIN's earnings (26.1% per year) are forecast to grow faster than the Australian market (9.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: BIN's revenue (15.1% per year) is forecast to grow faster than the Australian market (3.5% per year).

High Growth Revenue: BIN's revenue (15.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BIN's Return on Equity is forecast to be low in 3 years time (9.9%).


Next Steps

Past Performance

How has Bingo Industries performed over the past 5 years?

21.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BIN has a high level of non-cash earnings.

Growing Profit Margin: BIN's current net profit margins (5.6%) are lower than last year (12.7%).


Past Earnings Growth Analysis

Earnings Trend: BIN's earnings have grown significantly by 21.5% per year over the past 5 years.

Accelerating Growth: BIN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BIN had negative earnings growth (-41.4%) over the past year, making it difficult to compare to the Commercial Services industry average (18.9%).


Return on Equity

High ROE: BIN's Return on Equity (2.7%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Bingo Industries's financial position?


Financial Position Analysis

Short Term Liabilities: BIN's short term assets (A$159.0M) do not cover its short term liabilities (A$160.1M).

Long Term Liabilities: BIN's short term assets (A$159.0M) do not cover its long term liabilities (A$349.1M).


Debt to Equity History and Analysis

Debt Level: BIN's debt to equity ratio (35.9%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if BIN's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: BIN's debt is well covered by operating cash flow (25.3%).

Interest Coverage: BIN's interest payments on its debt are well covered by EBIT (11.4x coverage).


Balance Sheet

Inventory Level: BIN has a high level of physical assets or inventory.

Debt Coverage by Assets: BIN's debt is not covered by short term assets (assets are 0.5x debt).


Next Steps

Dividend

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

1.28%

Current Dividend Yield


Dividend Yield vs Market

company1.3%marketbottom25%2.4%markettop25%5.6%industryaverage2.6%forecastin3Years1.8%

Current dividend yield vs market & industry

Notable Dividend: BIN's dividend (1.28%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.41%).

High Dividend: BIN's dividend (1.28%) is low compared to the top 25% of dividend payers in the Australian market (5.6%).


Stability and Growth of Payments

Stable Dividend: BIN is not paying a notable dividend for the Australian market, therefore no need to check if payments are stable.

Growing Dividend: BIN is not paying a notable dividend for the Australian market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: BIN is not paying a notable dividend for the Australian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BIN's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

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

0.5yrs

Average management tenure


CEO

Daniel Tartak 0

4.4yrs

Tenure

AU$1,151,173

Compensation

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  ...


CEO Compensation Analysis

Compensation vs Market: Daniel's total compensation ($USD790.32K) is below average for companies of similar size in the Australian market ($USD1.41M).

Compensation vs Earnings: Daniel's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Management Age and Tenure

0.5yrs

Average Tenure

Experienced Management: BIN's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.


Board Age and Tenure

2.1yrs

Average Tenure

Experienced Board: BIN's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: BIN insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyAU$11,96021 Nov 19
Elizabeth Crouch
EntityIndividual
Role
Member of the Board of Directors
Independent Non-Executive Director
Shares4,000
Max PriceAU$2.99
BuyAU$29,90019 Nov 19
Barry Buffier
EntityIndividual
Role
Member of the Board of Directors
Independent Non-Executive Director
Shares10,000
Max PriceAU$2.99
BuyAU$69,935,34518 Nov 19
Daniel Tartak
EntityIndividual
Role
Chief Executive Officer
MD, CEO & Executive Director
Shares30,305,219
Max PriceAU$2.31
SellAU$4,319,93825 Oct 19
Schroder Investment Management Limited
EntityCompany
Shares1,885,413
Max PriceAU$2.31
SellAU$10,930,99625 Oct 19
Schroder Investment Management North America Inc.
EntityCompany
Shares4,762,323
Max PriceAU$2.30
BuyAU$677,27325 Oct 19
Schroder Investment Management Limited
EntityCompany
Shares289,661
Max PriceAU$2.34
BuyAU$20,08215 Oct 19
Maria Atkinson
EntityIndividual
Role
Member of the Board of Directors
Independent Non-Executive Director
Shares9,480
Max PriceAU$2.12
BuyAU$15,303,19810 Sep 19
Capital Research and Management Company
EntityCompany
Shares6,624,762
Max PriceAU$2.31
BuyAU$46,81225 Aug 19
Barry Buffier
EntityIndividual
Role
Member of the Board of Directors
Independent Non-Executive Director
Shares20,000
Max PriceAU$2.34
BuyAU$33,94925 Aug 19
Michael Coleman
EntityIndividual
Role
Chairman of the Board
Independent Non Executive Chairman
Shares15,000
Max PriceAU$2.26
BuyAU$26,204,69009 Aug 19
Yarra Funds Management Limited
EntityCompany
Shares14,949,334
Max PriceAU$1.75
BuyAU$41,750,13028 Jul 19
Schroder Investment Management Limited
EntityCompany
Shares17,695,178
Max PriceAU$2.36
SellAU$4,255,55828 Jul 19
Schroder Investment Management North America Inc.
EntityCompany
Shares1,785,552
Max PriceAU$2.38
SellAU$14,988,96028 Jul 19
Schroder Investment Management Limited
EntityCompany
Shares6,305,985
Max PriceAU$2.38
BuyAU$21,288,60828 Jul 19
Schroder Investment Management North America Inc.
EntityCompany
Shares9,029,295
Max PriceAU$2.36
BuyAU$15,154,39803 Jul 19
Capital Research and Management Company
EntityCompany
Shares6,795,695
Max PriceAU$2.23
BuyAU$64,875,05426 May 19
Capital Research and Management Company
EntityCompany
Shares34,508,000
Max PriceAU$1.88
BuyAU$3,631,33427 Mar 19
Ian Malouf
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares2,098,000
Max PriceAU$1.81
BuyAU$16,95008 Mar 19
Barry Buffier
EntityIndividual
Role
Member of the Board of Directors
Independent Non-Executive Director
Shares10,000
Max PriceAU$1.69
BuyAU$24,93006 Mar 19
Maria Atkinson
EntityIndividual
Role
Member of the Board of Directors
Independent Non-Executive Director
Shares14,665
Max PriceAU$1.70
BuyAU$33,50028 Feb 19
Barry Buffier
EntityIndividual
Role
Member of the Board of Directors
Independent Non-Executive Director
Shares20,000
Max PriceAU$1.67
BuyAU$49,50028 Feb 19
Michael Coleman
EntityIndividual
Role
Chairman of the Board
Independent Non Executive Chairman
Shares27,500
Max PriceAU$1.80
BuyAU$7,294,52122 Feb 19
Realindex Investments Pty Limited
EntityCompany
Shares2,516,387
Max PriceAU$2.90
SellAU$38,838,68522 Feb 19
First Sentier Investors (Australia) IM Ltd
EntityCompany
Shares25,713,354
Max PriceAU$2.70
BuyAU$48,254,88922 Feb 19
First Sentier Investors (Australia) IM Ltd
EntityCompany
Shares18,258,489
Max PriceAU$2.77
SellAU$822,48422 Feb 19
Realindex Investments Pty Limited
EntityCompany
Shares337,408
Max PriceAU$2.44

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 48.6%.


Management Team

  • Anthony Story (58yo)

    Executive Officer

    • Tenure: 0.08yrs
    • Compensation: AU$566.73k
  • Tara Osborne

    General Manager of Strategy & Investor Relations

    • Tenure: 0yrs
  • Daniel Tartak

    MD, CEO & Executive Director

    • Tenure: 4.4yrs
    • Compensation: AU$1.15m
  • Chris Jeffrey

    Chief Financial Officer

    • Tenure: 0.08yrs
    • Compensation: AU$640.99k
  • Jim Sarkis

    Chief Safety

    • Tenure: 0yrs
  • Elise Heydon

    Chief People & Culture Officer

    • Tenure: 0yrs
  • Geoff Hill

    Chief Executive of Victoria

    • Tenure: 0yrs
    • Compensation: AU$537.49k
  • Amanda Schmidhofer

    General Manger of Marketing

    • Tenure: 0yrs
  • Stephen Schmidhofer

    General Counsel & Joint Company Secretary

    • Tenure: 0yrs
  • Rodney Johnson

    Chief Executive of B&D NSW

    • Tenure: 0.9yrs
    • Compensation: AU$332.46k

Board Members

  • Maria Atkinson

    Independent Non-Executive Director

    • Tenure: 2.8yrs
    • Compensation: AU$131.43k
  • Elizabeth Crouch

    Independent Non-Executive Director

    • Tenure: 0.2yrs
  • Michael Coleman (69yo)

    Independent Non Executive Chairman

    • Tenure: 0yrs
    • Compensation: AU$197.50k
  • Daniel Girgis

    Non-Executive Director

    • Tenure: 2.8yrs
    • Compensation: AU$159.32k
  • Ian Malouf

    Non-Executive Director

    • Tenure: 0.8yrs
    • Compensation: AU$27.50k
  • Daniel Tartak

    MD, CEO & Executive Director

    • Tenure: 4.4yrs
    • Compensation: AU$1.15m
  • Barry Buffier

    Independent Non-Executive Director

    • Tenure: 1.4yrs
    • Compensation: AU$107.85k

Company Information

Bingo Industries Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bingo Industries Limited
  • Ticker: BIN
  • Exchange: ASX
  • Founded: 2017
  • Industry: Environmental and Facilities Services
  • Sector: Commercial Services
  • Market Cap: AU$1.903b
  • Shares outstanding: 653.78m
  • Website: https://www.bingoindustries.com.au

Number of Employees


Location

  • Bingo Industries Limited
  • 305 Parramatta Road
  • Auburn
  • New South Wales
  • 2144
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BINCHIA (Chi-X Australia)YesOrdinary SharesAUAUDMay 2017
BINASX (Australian Securities Exchange)YesOrdinary SharesAUAUDMay 2017
BI6DB (Deutsche Boerse AG)YesOrdinary SharesDEEURMay 2017

Biography

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 Coll ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/14 10:44
End of Day Share Price2019/12/13 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.