ASX:BIN

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Proven track record with mediocre balance sheet.


Similar Companies

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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

3.5%

BIN

-2.6%

AU Commercial Services

0.6%

AU Market


1 Year Return

0.9%

BIN

-19.1%

AU Commercial Services

-12.3%

AU Market

Return vs Industry: BIN exceeded the Australian Commercial Services industry which returned -19.1% over the past year.

Return vs Market: BIN exceeded the Australian Market which returned -12.3% over the past year.


Shareholder returns

BINIndustryMarket
7 Day3.5%-2.6%0.6%
30 Day16.9%-4.0%-3.6%
90 Day-2.9%-4.3%1.0%
1 Year2.3%0.9%-15.1%-19.1%-9.0%-12.3%
3 Year21.0%5.9%12.2%-0.5%17.1%2.0%
5 Yearn/a39.0%13.3%44.8%14.3%

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?

17.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BIN (A$2.35) is trading below our estimate of fair value (A$2.85)

Significantly Below Fair Value: BIN is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: BIN is poor value based on its PE Ratio (23.3x) compared to the AU Commercial Services industry average (15.6x).

PE vs Market: BIN is poor value based on its PE Ratio (23.3x) compared to the Australian market (20.1x).


Price to Earnings Growth Ratio

PEG Ratio: BIN is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: BIN is good value based on its PB Ratio (1.8x) compared to the AU Commercial Services industry average (1.9x).


Next Steps

Future Growth

How is Bingo Industries forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

18.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BIN's forecast earnings growth (18.5% per year) is above the savings rate (2.3%).

Earnings vs Market: BIN's earnings (18.5% per year) are forecast to grow slower than the Australian market (19.2% per year).

High Growth Earnings: BIN's earnings are forecast to grow, but not significantly.

Revenue vs Market: BIN's revenue (10.8% per year) is forecast to grow faster than the Australian market (4.4% per year).

High Growth Revenue: BIN's revenue (10.8% 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 (10.2%).


Next Steps

Past Performance

How has Bingo Industries performed over the past 5 years?

28.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BIN has a large one-off gain of A$27.0M impacting its June 30 2020 financial results.

Growing Profit Margin: BIN's current net profit margins (13.8%) are higher than last year (5.7%).


Past Earnings Growth Analysis

Earnings Trend: BIN's earnings have grown significantly by 28.8% per year over the past 5 years.

Accelerating Growth: BIN's earnings growth over the past year (194.7%) exceeds its 5-year average (28.8% per year).

Earnings vs Industry: BIN earnings growth over the past year (194.7%) exceeded the Commercial Services industry 0.2%.


Return on Equity

High ROE: BIN's Return on Equity (7.7%) is considered low.


Next Steps

Financial Health

How is Bingo Industries's financial position?


Financial Position Analysis

Short Term Liabilities: BIN's short term assets (A$147.8M) exceed its short term liabilities (A$83.7M).

Long Term Liabilities: BIN's short term assets (A$147.8M) do not cover its long term liabilities (A$453.1M).


Debt to Equity History and Analysis

Debt Level: BIN's debt to equity ratio (42.4%) is considered high.

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 (35.4%).

Interest Coverage: BIN's interest payments on its debt are well covered by EBIT (6.8x coverage).


Balance Sheet


Next Steps

Dividend

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

1.57%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BIN's dividend (1.57%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.38%).

High Dividend: BIN's dividend (1.57%) is low compared to the top 25% of dividend payers in the Australian market (5.69%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, BIN has been paying a dividend for less than 10 years.

Growing Dividend: BIN's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (36.7%), BIN's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BIN's dividends in 3 years are forecast to be well covered by earnings (44.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.2yrs

Average management tenure


CEO

Daniel Tartak

5.17yrs

Tenure

AU$1,146,688

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 ($USD838.84K) is about average for companies of similar size in the Australian market ($USD952.72K).

Compensation vs Earnings: Daniel's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Daniel Tartak
MD, CEO & Executive Director5.17yrsAU$1.15m19.82%
A$ 304.7m
Chris Jeffrey
Chief Financial Officer0.83yrAU$953.78k0.053%
A$ 820.2k
Geoffrey Hill
Chief Executive of Victoriano dataAU$631.86k0.0074%
A$ 114.0k
Rodney Johnson
Chief Executive of B&D NSW1.5yrsAU$607.42k0.015%
A$ 235.0k
Declan Hogan
Chief Information Officerno datano datano data
Tara Osborne
General Manager of Strategy & Investor Relationsno datano datano data
Stephen Schmidhofer
General Counsel & Joint Company Secretaryno datano datano data
Amanda Schmidhofer
General Manager of Marketingno datano datano data
Chris Gordon
General Manager of Corporate Development0.67yrno datano data
Elise Heydon
Chief People & Culture Officerno datano datano data
Jim Sarkis
Chief Safetyno datano datano data
Michael Leong
Managing Director of Toro Waste Equipmentno datano datano data

1.2yrs

Average Tenure

Experienced Management: BIN's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Daniel Tartak
MD, CEO & Executive Director5.17yrsAU$1.15m19.82%
A$ 304.7m
Maria Atkinson
Independent Non-Executive Director3.5yrsAU$142.50k0.013%
A$ 199.8k
Elizabeth Crouch
Non-Executive Director0.92yrAU$93.16k0.0029%
A$ 45.3k
Michael Coleman
Independent Non Executive Chairmanno dataAU$209.00k0.031%
A$ 475.4k
Daniel Girgis
Non-Executive Director3.5yrsAU$214.00k0.0085%
A$ 130.5k
Ian Malouf
Non-Executive Director1.5yrsAU$104.50k12.21%
A$ 187.6m
Barry Buffier
Independent Non-Executive Director2.17yrsAU$129.37k0.020%
A$ 305.5k

2.8yrs

Average Tenure

Experienced Board: BIN's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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$1.537b
  • Shares outstanding: 653.98m
  • 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 Analysis2020/09/19 19:03
End of Day Share Price2020/09/18 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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.