ASX:BXB

Stock Analysis Report

Executive Summary

Brambles Limited operates as a supply-chain logistics company.

Snowflake

Fundamentals

Excellent balance sheet with moderate growth potential.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-1.0%

ASX:BXB

-0.6%

AU Commercial Services

0.5%

AU Market


1 Year Return

1.4%

ASX:BXB

1.3%

AU Commercial Services

6.3%

AU Market

BXB matched the Commercial Services industry (1.5%) over the past year.

BXB underperformed the Market in Australia which returned 6.3% over the past year.


Share holder returns

BXBIndustryMarket
7 Day-1.0%-0.6%0.5%
30 Day-11.6%-5.2%4.6%
90 Day-14.1%-6.6%2.1%
1 Year4.0%1.4%4.2%1.3%12.3%6.3%
3 Year3.9%-4.6%24.2%13.6%41.4%22.4%
5 Year31.7%15.0%63.5%41.0%49.4%16.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

27.05x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Brambles's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Brambles's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Brambles is overvalued based on earnings compared to the AU Commercial Services industry average.

Brambles is overvalued based on earnings compared to the Australia market.


Price Based on Expected Growth

Brambles is poor value based on expected growth next year.


Price Based on Value of Assets

Brambles is overvalued based on assets compared to the AU Commercial Services industry average.


Next Steps

Future Growth

How is Brambles expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

7.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Brambles's revenue is expected to grow by 4% yearly, however this is not considered high growth (20% yearly).

Brambles's earnings are expected to grow by 7.9% yearly, however this is not considered high growth (20% yearly).

Brambles's revenue growth is expected to exceed the Australia market average.

Brambles's earnings growth is positive but not above the Australia market average.

Brambles's earnings growth is expected to exceed the low risk savings rate of 2.3%.


Earnings per Share Growth Estimates


Future Return on Equity

Brambles is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).


Next Steps

Past Performance

How has Brambles performed over the past 5 years?

0.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Brambles's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.

Brambles's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Brambles's 1-year earnings growth is negative, it can't be compared to the AU Commercial Services industry average.


Return on Equity

Brambles has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Brambles used its assets more efficiently than the AU Commercial Services industry average last year based on Return on Assets.


Return on Capital Employed

Brambles's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Brambles's financial position?


Financial Position Analysis

Brambles is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Brambles's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Brambles's level of debt (57.2%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (93.6% vs 57.2% today).

Debt is well covered by operating cash flow (61.4%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 10.5x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.4x debt.


Next Steps

Dividend

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

2.97%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase Brambles before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

Brambles's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.44%).

Brambles's dividend is below the markets top 25% of dividend payers in Australia (5.52%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.4x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.8x coverage).


Next Steps

Management

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

2.6yrs

Average management tenure


CEO

Graham Chipchase (56yo)

2.6yrs

Tenure

US$2,576,000

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

Graham's remuneration is lower than average for companies of similar size in Australia.

Graham's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

2.6yrs

Average Tenure

53.5yo

Average Age

The tenure for the Brambles management team is about average.


Board Age and Tenure

6.5yrs

Average Tenure

64yo

Average Age

The tenure for the Brambles board of directors is about average.


Insider Trading

More shares have been bought than sold by Brambles individual insiders in the past 3 months, but not in substantial volumes.


Recent Insider Transactions

BuyUS$40802 Sep 19
Graham Chipchase
EntityIndividual
Role
Chief Executive Officer
CEO, Chairman of Executive Leadership Team & Executive Director
Shares36
Max PriceUS$11.32
BuyUS$40802 Sep 19
Nessa O'Sullivan
EntityIndividual
Role
Member of the Board of Directors
CFO & Executive Director
Shares36
Max PriceUS$11.32
BuyUS$40605 Aug 19
Nessa O'Sullivan
EntityIndividual
Role
Member of the Board of Directors
CFO & Executive Director
Shares31
Max PriceUS$13.09
BuyUS$40605 Aug 19
Graham Chipchase
EntityIndividual
Role
Chief Executive Officer
CEO, Chairman of Executive Leadership Team & Executive Director
Shares31
Max PriceUS$13.09
BuyUS$60,777,08905 Aug 19
Colonial First State Asset Management (Australia) Limited
EntityCompany
Shares4,868,243
Max PriceUS$13.05
BuyUS$80,566,73405 Aug 19
Colonial First State Asset Management (Australia) Limited
EntityCompany
Shares6,534,605
Max PriceUS$12.39
SellUS$3,606,00705 Aug 19
ASB Group Investments Ltd.
EntityCompany
Shares296,473
Max PriceUS$12.16
SellUS$63,378,40405 Aug 19
Colonial First State Asset Management (Australia) Limited
EntityCompany
Shares5,076,481
Max PriceUS$12.61
BuyUS$422,08105 Aug 19
ASB Group Investments Ltd.
EntityCompany
Shares36,404
Max PriceUS$11.59
BuyUS$41301 Jul 19
Graham Chipchase
EntityIndividual
Role
Chief Executive Officer
CEO, Chairman of Executive Leadership Team & Executive Director
Shares32
Max PriceUS$12.91
BuyUS$40001 Jul 19
Nessa O'Sullivan
EntityIndividual
Role
Member of the Board of Directors
CFO & Executive Director
Shares31
Max PriceUS$12.91
BuyUS$41104 Jun 19
Graham Chipchase
EntityIndividual
Role
Chief Executive Officer
CEO, Chairman of Executive Leadership Team & Executive Director
Shares34
Max PriceUS$12.09
BuyUS$42304 Jun 19
Nessa O'Sullivan
EntityIndividual
Role
Member of the Board of Directors
CFO & Executive Director
Shares35
Max PriceUS$12.09
BuyUS$46,729,81926 May 19
The Vanguard Group, Inc.
EntityCompany
Shares3,714,612
Max PriceUS$12.58
SellUS$83,970,81226 May 19
The Vanguard Group, Inc.
EntityCompany
Shares6,900,911
Max PriceUS$12.17
BuyUS$41001 May 19
Graham Chipchase
EntityIndividual
Role
Chief Executive Officer
CEO, Chairman of Executive Leadership Team & Executive Director
Shares34
Max PriceUS$12.06
BuyUS$41001 May 19
Nessa O'Sullivan
EntityIndividual
Role
Member of the Board of Directors
CFO & Executive Director
Shares34
Max PriceUS$12.06
BuyUS$41901 Apr 19
Graham Chipchase
EntityIndividual
Role
Chief Executive Officer
CEO, Chairman of Executive Leadership Team & Executive Director
Shares35
Max PriceUS$11.96
BuyUS$27,083,05825 Mar 19
Realindex Investments Pty Limited
EntityCompany
Shares2,605,714
Max PriceUS$10.39
SellUS$165,994,30125 Mar 19
Colonial First State Asset Management (Australia) Limited
EntityCompany
Shares15,393,163
Max PriceUS$11.03
SellUS$17,313,43325 Mar 19
Realindex Investments Pty Limited
EntityCompany
Shares1,632,518
Max PriceUS$10.61
SellUS$16,987,60425 Mar 19
First State Investment Management (UK) Limited
EntityCompany
Shares1,596,170
Max PriceUS$10.64
SellUS$4,941,17325 Mar 19
ASB Group Investments Ltd.
EntityCompany
Shares448,034
Max PriceUS$11.03
BuyUS$362,297,13225 Mar 19
Colonial First State Asset Management (Australia) Limited
EntityCompany
Shares33,093,088
Max PriceUS$11.00
BuyUS$128,586,40313 Mar 19
Schroder Investment Management North America Inc.
EntityCompany
Shares13,113,116
Max PriceUS$9.81
SellUS$55,148,55113 Mar 19
Schroder Investment Management (Singapore) Ltd
EntityCompany
Shares5,429,967
Max PriceUS$10.16
SellUS$86,864,15413 Mar 19
Schroder Investment Management North America Inc.
EntityCompany
Shares7,944,537
Max PriceUS$10.93
BuyUS$25,754,32713 Mar 19
Schroder Investment Management (Singapore) Ltd
EntityCompany
Shares2,578,009
Max PriceUS$9.99
BuyUS$10,989,54313 Mar 19
Schroder Investment Management (Hong Kong) Limited
EntityCompany
Shares1,136,597
Max PriceUS$9.67
BuyUS$228,923,51213 Mar 19
Schroder Investment Management Limited
EntityCompany
Shares22,694,377
Max PriceUS$10.18
SellUS$258,209,01713 Mar 19
Schroder Investment Management Limited
EntityCompany
Shares26,135,587
Max PriceUS$10.71
SellUS$25,157,21413 Mar 19
Schroder Investment Management (Hong Kong) Limited
EntityCompany
Shares2,529,878
Max PriceUS$9.94
BuyUS$44704 Mar 19
Graham Chipchase
EntityIndividual
Role
Chief Executive Officer
CEO, Chairman of Executive Leadership Team & Executive Director
Shares38
Max PriceUS$11.77
BuyUS$44704 Mar 19
Nessa O'Sullivan
EntityIndividual
Role
Member of the Board of Directors
CFO & Executive Director
Shares38
Max PriceUS$11.77
BuyUS$44931 Jan 19
Graham Chipchase
EntityIndividual
Role
Chief Executive Officer
CEO, Chairman of Executive Leadership Team & Executive Director
Shares42
Max PriceUS$10.70
BuyUS$43931 Jan 19
Nessa O'Sullivan
EntityIndividual
Role
Member of the Board of Directors
CFO & Executive Director
Shares41
Max PriceUS$10.70
BuyUS$44102 Jan 19
Nessa O'Sullivan
EntityIndividual
Role
Member of the Board of Directors
CFO & Executive Director
Shares43
Max PriceUS$10.25
BuyUS$44102 Jan 19
Graham Chipchase
EntityIndividual
Role
Chief Executive Officer
CEO, Chairman of Executive Leadership Team & Executive Director
Shares43
Max PriceUS$10.25
BuyUS$43103 Dec 18
Graham Chipchase
EntityIndividual
Role
Chief Executive Officer
CEO, Chairman of Executive Leadership Team & Executive Director
Shares41
Max PriceUS$10.50
BuyUS$43103 Dec 18
Nessa O'Sullivan
EntityIndividual
Role
Member of the Board of Directors
CFO & Executive Director
Shares41
Max PriceUS$10.50
BuyUS$236,67025 Nov 18
The Vanguard Group, Inc.
EntityCompany
Shares22,540
Max PriceUS$10.50
BuyUS$262,20321 Nov 18
The Vanguard Group, Inc.
EntityCompany
Shares25,531
Max PriceUS$10.27
SellUS$616,88321 Nov 18
The Vanguard Group, Inc.
EntityCompany
Shares60,125
Max PriceUS$10.26
BuyUS$39,272,21420 Nov 18
The Vanguard Group, Inc.
EntityCompany
Shares3,451,481
Max PriceUS$11.50
SellUS$8,260,50420 Nov 18
The Vanguard Group, Inc.
EntityCompany
Shares704,512
Max PriceUS$11.79
BuyUS$44731 Oct 18
Graham Chipchase
EntityIndividual
Role
Chief Executive Officer
CEO, Chairman of Executive Leadership Team & Executive Director
Shares42
Max PriceUS$10.64
BuyUS$44731 Oct 18
Nessa O'Sullivan
EntityIndividual
Role
Member of the Board of Directors
CFO & Executive Director
Shares42
Max PriceUS$10.64
BuyUS$44002 Oct 18
Nessa O'Sullivan
EntityIndividual
Role
Member of the Board of Directors
CFO & Executive Director
Shares40
Max PriceUS$10.99
BuyUS$45102 Oct 18
Graham Chipchase
EntityIndividual
Role
Chief Executive Officer
CEO, Chairman of Executive Leadership Team & Executive Director
Shares41
Max PriceUS$10.99
SellUS$90,886,22320 Sep 18
Massachusetts Financial Services Company
EntityCompany
Shares7,422,274
Max PriceUS$14.82
BuyUS$30,484,37320 Sep 18
Massachusetts Financial Services Company
EntityCompany
Shares3,149,328.1
Max PriceUS$9.78

Ownership Breakdown


Management Team

  • Graham Chipchase (56yo)

    CEO, Chairman of Executive Leadership Team & Executive Director

    • Tenure: 2.6yrs
    • Compensation: US$2.58m
  • Robert Gerrard (57yo)

    Group VP of Legal & Secretariat and Company Secretary

    • Tenure: 2.6yrs
  • Nessa O'Sullivan (54yo)

    CFO & Executive Director

    • Tenure: 2.4yrs
    • Compensation: US$1.49m
  • Rod Hefford (55yo)

    Chief Information Officer

    • Tenure: 2.3yrs
  • Mike Pooley (51yo)

    President of CHEP Europe

    • Tenure: 2.6yrs
    • Compensation: US$813.00k
  • Patrick Bradley

    Group Senior Vice President of Human Resources

    • Tenure: 1yrs
  • Prasad Srinivasamurthy (48yo)

    President of BXB Digital

    • Tenure: 3.5yrs
  • Raluca Chiriacescu

    Director of Investor Relations

    • Tenure: 0yrs
  • Carmelo Alonso-Bernaola (53yo)

    Senior Vice President of Global Supply Chain

    • Tenure: 8.6yrs
  • Laura Nador (47yo)

    President of CHEP North America

    • Tenure: 2.5yrs
    • Compensation: US$744.00k

Board Members

  • Rodney Slater (64yo)

    Member of the USA Advisory Board

    • Tenure: 9yrs
  • Graham Chipchase (56yo)

    CEO, Chairman of Executive Leadership Team & Executive Director

    • Tenure: 2.6yrs
    • Compensation: US$2.58m
  • Tony Froggatt (71yo)

    Independent Non-Executive Director

    • Tenure: 13.3yrs
    • Compensation: US$188.00k
  • Stephen Johns (72yo)

    Independent Non-Executive Chairman

    • Tenure: 5yrs
    • Compensation: US$469.00k
  • Brian Long (73yo)

    Independent Non-Executive Director

    • Tenure: 5.2yrs
    • Compensation: US$203.00k
  • Tahira Hassan (66yo)

    Independent Non-Executive Director

    • Tenure: 7.8yrs
    • Compensation: US$165.00k
  • Scott Perkins (54yo)

    Independent Non-Executive Director

    • Tenure: 4.3yrs
    • Compensation: US$171.00k
  • David Gosnell (62yo)

    Independent Non-Executive Director

    • Tenure: 7.8yrs
    • Compensation: US$165.00k
  • Nessa O'Sullivan (54yo)

    CFO & Executive Director

    • Tenure: 2.4yrs
    • Compensation: US$1.49m
  • John Claringbould

    Member of the USA Advisory Board

    • Tenure: 9yrs

Company Information

Brambles Limited's company bio, 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$17.754b
  • Shares outstanding: 1.57b
  • Website: https://www.brambles.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BXBASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJan 1992
R1HDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
BMBL.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
BXBCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJan 1992
BXBL.YOTCPK (Pink Sheets LLC)SPONSORED ADRUSUSDOct 2008

Biography

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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/16 10:34
End of Day Share Price2019/09/16 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.