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BXB

BramblesASX:BXB Stock Report

Market Cap

AU$14.4b

7D

0%

1Y

-6.4%

Updated

03 Dec, 2021

Data

Company Financials +
BXB fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance1/6
Financial Health3/6
Dividends2/6

BXB Stock Overview

Brambles Limited operates as a supply-chain logistics company.

Brambles Competitors

Ball

NYSE:BLL

US$29.4b

International Paper

NYSE:IP

US$17.5b

Crown Holdings

NYSE:CCK

US$13.3b

WestRock

NYSE:WRK

US$11.5b

Price History & Performance

Summary of all time highs, changes and price drops for Brambles
Historical stock prices
Current Share PriceAU$10.19
52 Week HighAU$12.70
52 Week LowAU$9.78
Beta0.64
1 Month Change-2.02%
3 Month Change-16.27%
1 Year Change-6.43%
3 Year Change-1.36%
5 Year Change-13.79%
Change since IPO122.33%

Recent News & Updates

Oct 29
Brambles (ASX:BXB) Seems To Use Debt Quite Sensibly

Brambles (ASX:BXB) Seems To Use Debt Quite Sensibly

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

Sep 15
If You Like EPS Growth Then Check Out Brambles (ASX:BXB) Before It's Too Late

If You Like EPS Growth Then Check Out Brambles (ASX:BXB) Before It's Too Late

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Shareholder Returns

BXBAU Commercial ServicesAU Market
7D0%-1.1%-0.7%
1Y-6.4%-0.9%9.8%

Return vs Industry: BXB underperformed the Australian Commercial Services industry which returned -0.9% over the past year.

Return vs Market: BXB underperformed the Australian Market which returned 9.8% over the past year.

Price Volatility

Is BXB's price volatile compared to industry and market?
BXB volatility
BXB Average Weekly Movement3.4%
Commercial Services Industry Average Movement7.3%
Market Average Movement8.3%
10% most volatile stocks in AU Market15.7%
10% least volatile stocks in AU Market3.7%

Stable Share Price: BXB is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: BXB's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
187512,000Graham Chipchasehttps://www.brambles.com

Brambles Limited operates as a supply-chain logistics company. The company operates through CHEP North America and Latin America; CHEP Europe, Middle East, Africa and India; and CHEP Australia, New Zealand and Asia, excluding India segments. It engages in the pooling of unit-load equipment and associated services, focusing on the outsourced management of pallets, crates, and containers.

Brambles Fundamentals Summary

How do Brambles's earnings and revenue compare to its market cap?
BXB fundamental statistics
Market CapUS$10.25b
Earnings (TTM)US$535.00m
Revenue (TTM)US$5.40b

19.2x

P/E Ratio

1.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BXB income statement (TTM)
RevenueUS$5.40b
Cost of RevenueUS$3.53b
Gross ProfitUS$1.88b
ExpensesUS$1.34b
EarningsUS$535.00m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.38
Gross Margin34.75%
Net Profit Margin9.90%
Debt/Equity Ratio65.1%

How did BXB perform over the long term?

See historical performance and comparison

Dividends

2.1%

Current Dividend Yield

57%

Payout Ratio

Valuation

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

28.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BXB (A$10.19) is trading below our estimate of fair value (A$14.21)

Significantly Below Fair Value: BXB is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BXB is good value based on its PE Ratio (19.2x) compared to the Australian Commercial Services industry average (20.5x).

PE vs Market: BXB is poor value based on its PE Ratio (19.2x) compared to the Australian market (18.6x).


Price to Earnings Growth Ratio

PEG Ratio: BXB is poor value based on its PEG Ratio (3.1x)


Price to Book Ratio

PB vs Industry: BXB is overvalued based on its PB Ratio (3.8x) compared to the AU Commercial Services industry average (2.5x).


Future Growth

How is Brambles forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

6.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BXB's forecast earnings growth (6.3% per year) is above the savings rate (1.9%).

Earnings vs Market: BXB's earnings (6.3% per year) are forecast to grow slower than the Australian market (11.8% per year).

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

Revenue vs Market: BXB's revenue (4.9% per year) is forecast to grow slower than the Australian market (5.2% per year).

High Growth Revenue: BXB's revenue (4.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BXB's Return on Equity is forecast to be high in 3 years time (20.7%)


Past Performance

How has Brambles performed over the past 5 years?

-2.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BXB has a large one-off loss of $199.6M impacting its June 30 2021 financial results.

Growing Profit Margin: BXB's current net profit margins (9.9%) are lower than last year (10.5%).


Past Earnings Growth Analysis

Earnings Trend: BXB's earnings have declined by 2.2% per year over the past 5 years.

Accelerating Growth: BXB's earnings growth over the past year (5.3%) exceeds its 5-year average (-2.2% per year).

Earnings vs Industry: BXB earnings growth over the past year (5.3%) underperformed the Commercial Services industry 7.9%.


Return on Equity

High ROE: BXB's Return on Equity (19.9%) is considered low.


Financial Health

How is Brambles's financial position?


Financial Position Analysis

Short Term Liabilities: BXB's short term assets ($1.4B) do not cover its short term liabilities ($2.0B).

Long Term Liabilities: BXB's short term assets ($1.4B) do not cover its long term liabilities ($2.8B).


Debt to Equity History and Analysis

Debt Level: BXB's net debt to equity ratio (49.9%) is considered high.

Reducing Debt: BXB's debt to equity ratio has reduced from 92.7% to 65.1% over the past 5 years.

Debt Coverage: BXB's debt is well covered by operating cash flow (89.1%).

Interest Coverage: BXB's interest payments on its debt are well covered by EBIT (14x coverage).


Balance Sheet


Dividend

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

2.06%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BXB's dividend (2.06%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.3%).

High Dividend: BXB's dividend (2.06%) is low compared to the top 25% of dividend payers in the Australian market (5.58%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (56.5%), BXB's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BXB's dividends in 3 years are forecast to be covered by earnings (56.5% payout ratio).


Next Steps

Management

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

4.5yrs

Average management tenure


CEO

Graham Chipchase (58 yo)

4.83yrs

Tenure

US$5,396,000

Compensation

Mr. Graham Andrew Chipchase has been the Chief Executive Officer and Executive Director at Brambles Limited since February 20, 2017, joined in Brambles at the beginning of January 2017. Mr. Chipchase serve...


CEO Compensation Analysis

Compensation vs Market: Graham's total compensation ($USD5.40M) is above average for companies of similar size in the Australian market ($USD3.84M).

Compensation vs Earnings: Graham's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: BXB's management team is considered experienced (4.5 years average tenure).


Board Members

Experienced Board: BXB's board of directors are considered experienced (4.7 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: BXB 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

Brambles Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Brambles Limited
  • Ticker: BXB
  • Exchange: ASX
  • Founded: 1875
  • Industry: Diversified Support Services
  • Sector: Commercial Services
  • Market Cap: AU$14.425b
  • Shares outstanding: 1.42b
  • Website: https://www.brambles.com

Number of Employees


Location

  • Brambles Limited
  • Angel Place
  • Level 10
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/03 16:04
End of Day Share Price2021/12/03 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.