Brambles Limited

ASX:BXB Stock Report

Market Cap: AU$23.2b

Brambles Dividends and Buybacks

Dividend criteria checks 4/6

Brambles is a dividend paying company with a current yield of 3.72% that is well covered by earnings.

Key information

3.7%

Dividend yield

2.5%

Buyback Yield

Total Shareholder Yield6.2%
Future Dividend Yield4.3%
Dividend Growth6.7%
Next dividend pay daten/a
Ex dividend daten/a
Dividend per sharen/a
Payout ratio65%

Recent dividend and buyback updates

Analysis Article Sep 08

Brambles (ASX:BXB) Will Pay A Larger Dividend Than Last Year At $0.3196

Brambles Limited ( ASX:BXB ) will increase its dividend from last year's comparable payment on the 8th of October to...
Analysis Article Aug 24

Brambles (ASX:BXB) Will Pay A Larger Dividend Than Last Year At $0.3196

The board of Brambles Limited ( ASX:BXB ) has announced that it will be paying its dividend of $0.3196 on the 8th of...

Recent updates

New Narrative May 18

Automation And Digital Supply Chain Solutions Will Drive Stronger Long Term Pallet Demand

Catalysts About Brambles Brambles operates pooled pallet and reusable asset solutions that support supply chains across the Americas, Europe and Asia Pacific. What are the underlying business or industry changes driving this perspective?
Narrative Update May 10

BXB: Legal Ruling And Dividend Outlook Will Shape A Measured Future View

Analysts have trimmed their average price target on Brambles to A$24.82 from A$26.06, reflecting slightly higher discount rate assumptions and very small tweaks to revenue growth, profit margin and future P/E inputs in their models. What's in the News The Federal Court issued a judgment in the shareholder class action relating to Brambles’ Fiscal Year 2017 guidance and medium term Fiscal Year 2019 targets, with some claims dismissed and others upheld for specific periods between August 18, 2016 and February 17, 2017 (Lawsuits & Legal Issues).
Narrative Update Apr 05

BXB: Dividend Increase And Updated Guidance Will Support A Positive Outlook

Analysts have nudged their Brambles price target slightly higher to A$26.06 from A$25.84, reflecting updated assumptions around discount rate, modest revenue growth adjustments, stable profit margins and a slightly higher future P/E multiple. What's in the News Brambles declared an ordinary dividend of US$0.23 per share for the six months ended 31 December 2025, with an ex date of 11 March 2026, a record date of 12 March 2026 and a payment date of 9 April 2026 (company announcement).
Narrative Update Mar 22

BXB: Dividend Commitment And Stable Guidance Will Support A Positive Outlook

Analysts have made a small upward adjustment to Brambles' implied value, with the price target moving from A$25.82 to A$25.84. This change reflects only minor tweaks to assumptions around discount rate, revenue growth, profit margin and future P/E.
Narrative Update Mar 07

BXB: Refined Assumptions And Dividend Outlook Will Support A Steady Future

Analysts have updated their view on Brambles, increasing the price target from A$24.43 to A$25.82. This change reflects adjusted assumptions around the discount rate, profit margin, revenue growth and future P/E multiples.
Narrative Update Feb 19

BXB: Refined Assumptions Will Support A Steady Fairly Valued Outlook

Analysts now set their Brambles price target at about A$24.43, up from roughly A$24.14, reflecting updated assumptions for the discount rate, revenue growth, profit margin and future P/E multiples. Valuation Changes Fair Value: A$24.14 to A$24.43, a small upward adjustment in the modelled estimate.
Narrative Update Feb 05

BXB: Refined Assumptions Will Support A Steady Fairly Valued Medium-Term Outlook

Analysts have trimmed their price target for Brambles to A$24.14 from A$24.78, reflecting small adjustments to assumptions around the discount rate, revenue growth, profit margin and future P/E multiples. Valuation Changes Fair value estimate reduced slightly from A$24.78 to A$24.14 per share.
Analysis Article Jan 28

Brambles Limited's (ASX:BXB) Popularity With Investors Is Under Threat From Overpricing

With a price-to-earnings (or "P/E") ratio of 25.2x Brambles Limited ( ASX:BXB ) may be sending bearish signals at the...
Narrative Update Jan 21

BXB: Slight Model Refinements Will Support A Steady Medium-Term Outlook

Analysts have nudged their price target for Brambles slightly higher to A$24.78 from A$24.67, reflecting small adjustments to assumptions around fair value, discount rate, revenue growth, profit margin and future P/E. Valuation Changes Fair Value: Adjusted slightly from A$24.67 to A$24.78 per share.
Analysis Article Jan 13

With EPS Growth And More, Brambles (ASX:BXB) Makes An Interesting Case

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Narrative Update Jan 07

BXB: Small Model Adjustments Will Support A Steady Medium-Term Outlook

The analyst price target for Brambles has edged from A$24.80 to A$24.67, with analysts pointing to fine tuning of discount rate, revenue growth, profit margin, and forward P/E assumptions rather than any major shift in their view. Valuation Changes Fair value was trimmed slightly from A$24.80 to A$24.67 per share, reflecting minor model adjustments rather than a change in the core view.
Analysis Article Dec 28

Is Brambles (ASX:BXB) A Risky Investment?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Narrative Update Dec 24

BXB: Slightly Higher Expected Multiple Will Support A Balanced Medium-Term Outlook

Analysts have slightly raised their price target on Brambles to reflect a modest improvement in fair value to $24.80. This change is driven by marginally lower discount rates, steady revenue growth assumptions, and a slightly higher forecast future P/E multiple.
Narrative Update Dec 08

BXB: Slightly Lower Fair Value Will Support A Balanced Medium-Term Outlook

Analysts have nudged their price target for Brambles slightly lower, trimming it by approximately $0.65. They are factoring in a marginally higher future valuation multiple, offset by a modestly reduced fair value estimate, under largely unchanged growth and margin assumptions.
Analysis Article Nov 25

Brambles (ASX:BXB) Shareholders Will Want The ROCE Trajectory To Continue

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? In a perfect world...
Narrative Update Nov 24

BXB: Recent Modest Fair Value Shift Will Support A Balanced Medium-Term Outlook

Analysts have slightly increased their price target for Brambles from $25.33 to $25.40, citing modest improvements in future valuation metrics as well as a marginally higher discount rate. Valuation Changes Fair Value: Increased marginally from A$25.33 to A$25.40.
Analysis Article Nov 11

Are Investors Undervaluing Brambles Limited (ASX:BXB) By 28%?

Key Insights The projected fair value for Brambles is AU$33.08 based on 2 Stage Free Cash Flow to Equity Current share...
Narrative Update Nov 05

BXB: Share Price Rally Will Limit Upside Despite Buyback Program

Analysts have marginally raised their price target for Brambles from A$25.07 to A$25.33. They cite continued strong performance and note that the recent share price rally has reduced the stock’s potential return.
Analysis Article Oct 29

Brambles Limited's (ASX:BXB) Shares May Have Run Too Fast Too Soon

When close to half the companies in Australia have price-to-earnings ratios (or "P/E's") below 22x, you may consider...
Analysis Article Oct 05

With EPS Growth And More, Brambles (ASX:BXB) Makes An Interesting Case

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Narrative Update Sep 26

Digital Tracking And Circular Supply Chains Will Improve Efficiency

Analysts have lifted Brambles’ price target slightly to A$25.07, citing the share price’s strong rally amid limited fundamental change and scarcity of quality offshore-exposed peers, but now see limited further upside, prompting a Neutral rating. Analyst Commentary The share price rally was considered "quite remarkable" despite results that did not meaningfully change forecasts.
Analysis Article Sep 22

Is Brambles (ASX:BXB) A Risky Investment?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Narrative Update Sep 09

Digital Tracking And Circular Supply Chains Will Improve Efficiency

Analysts have trimmed Brambles' price target to A$24.80 amid concerns that the recent share price rally has outpaced fundamentals, with limited improvement in the financial outlook and valuation now exceeding intrinsic value. Analyst Commentary Share price rally seen as excessive relative to underlying fundamentals and forecasts.
Analysis Article Sep 08

Brambles (ASX:BXB) Will Pay A Larger Dividend Than Last Year At $0.3196

Brambles Limited ( ASX:BXB ) will increase its dividend from last year's comparable payment on the 8th of October to...
Analysis Article Aug 24

Brambles (ASX:BXB) Will Pay A Larger Dividend Than Last Year At $0.3196

The board of Brambles Limited ( ASX:BXB ) has announced that it will be paying its dividend of $0.3196 on the 8th of...
Narrative Update Aug 22

Investments In AI And Digital Solutions Will Improve Customer Experience And Efficiency

Brambles' price target has been upgraded primarily due to its scarcity value as a high-quality offshore-exposed operator and a reassessment of valuation, though analysts are now more cautious given the elevated share price and limited further upside, resulting in the consensus price target rising from A$22.06 to A$24.85. Analyst Commentary Strong share price rally despite results not significantly exceeding forecasts.
Analysis Article Aug 09

Under The Bonnet, Brambles' (ASX:BXB) Returns Look Impressive

ASX:BXB 1 Year Share Price vs Fair Value Explore Brambles's Fair Values from the Community and select yours If you're...
Analysis Article Jul 24

Brambles Limited's (ASX:BXB) Popularity With Investors Is Under Threat From Overpricing

With a price-to-earnings (or "P/E") ratio of 25.4x Brambles Limited ( ASX:BXB ) may be sending bearish signals at the...
Analysis Article Jul 09

A Look At The Fair Value Of Brambles Limited (ASX:BXB)

Key Insights Brambles' estimated fair value is AU$24.15 based on 2 Stage Free Cash Flow to Equity With AU$23.14 share...
Analysis Article Jun 24

Should You Be Adding Brambles (ASX:BXB) To Your Watchlist Today?

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Analysis Article May 28

Weekly Picks: 📈 PINS' Multiple Tailwinds, BXB Compounds, and STG's Challenging Future

Why PINS could be positioned to surge from multiple tailwinds, how Brambles can continue delivering as a steady compounder, and why STG faces headwinds, but might still represent good value and yield
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New Narrative May 19

Brambles' Revenue Set to Climb 14% with Profit Margins Following

Market Leadership: Brambles is a dominant global player in its niche, with scale advantages that are hard to replicate.
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New Narrative Feb 22

Investments In AI And Digital Solutions Will Improve Customer Experience And Efficiency

Asset efficiency and strategic capital allocation drive better cash flow, net margins, and potential future earnings growth.

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: BXB's dividend payments have been volatile in the past 10 years.

Growing Dividend: BXB's dividend payments have increased over the past 10 years.


Dividend Yield vs Market

Brambles Dividend Yield vs Market
How does BXB dividend yield compare to the market?
SegmentDividend Yield
Company (BXB)3.7%
Market Bottom 25% (AU)2.8%
Market Top 25% (AU)6.9%
Industry Average (Commercial Services)3.5%
Analyst forecast (BXB) (up to 3 years)4.3%

Notable Dividend: BXB's dividend (3.72%) is higher than the bottom 25% of dividend payers in the Australian market (2.79%).

High Dividend: BXB's dividend (3.72%) is low compared to the top 25% of dividend payers in the Australian market (6.89%).


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (64.9%), BXB's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (66.1%), BXB's dividend payments are covered by cash flows.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/26 10:19
End of Day Share Price 2026/05/26 00:00
Earnings2025/12/31
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Brambles Limited is covered by 26 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Matthew RyanBarrenjoey Markets Pty Limited
Nicholas McGarrigleBarrenjoey Markets Pty Limited
Shaurya VisenBofA Global Research