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Breville Group

ASX:BRG
Snowflake Description

Excellent balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BRG
ASX
A$2B
Market Cap
  1. Home
  2. AU
  3. Consumer Durables
Company description

Breville Group Limited designs, develops, markets, and distributes small electrical kitchen appliances in Australia, New Zealand, North America, the United Kingdom, Germany, Austria, Hong Kong, and internationally. The last earnings update was 155 days ago. More info.


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BRG Share Price and Events
7 Day Returns
-0.7%
ASX:BRG
0.6%
AU Consumer Durables
-0.1%
AU Market
1 Year Returns
62.9%
ASX:BRG
28.7%
AU Consumer Durables
5.2%
AU Market
BRG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Breville Group (BRG) -0.7% 7.2% 3.2% 62.9% 123% 122.2%
AU Consumer Durables 0.6% 4.4% 0.1% 28.7% 28.6% 84.7%
AU Market -0.1% 2.4% 6.5% 5.2% 19.8% 11.8%
1 Year Return vs Industry and Market
  • BRG outperformed the Consumer Durables industry which returned 28.7% over the past year.
  • BRG outperformed the Market in Australia which returned 5.2% over the past year.
Price Volatility
BRG
Industry
5yr Volatility vs Market

BRG Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Breville Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Breville Group.

ASX:BRG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.8%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:BRG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.86
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.86 (1 + (1- 30%) (2.81%))
0.917
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.92
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (0.917 * 5.96%)
7.78%

Discounted Cash Flow Calculation for ASX:BRG using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Breville Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ASX:BRG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 7.78%)
2020 68.55 Analyst x2 63.60
2021 93.50 Analyst x1 80.49
2022 108.82 Est @ 16.38% 86.91
2023 122.05 Est @ 12.16% 90.45
2024 133.29 Est @ 9.21% 91.64
2025 142.80 Est @ 7.14% 91.10
2026 150.93 Est @ 5.69% 89.33
2027 157.99 Est @ 4.68% 86.76
2028 164.25 Est @ 3.97% 83.69
2029 169.96 Est @ 3.47% 80.34
Present value of next 10 years cash flows A$844.31
ASX:BRG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= A$169.96 × (1 + 2.31%) ÷ (7.78% – 2.31%)
A$3,179.94
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$3,179.94 ÷ (1 + 7.78%)10
A$1,503.25
ASX:BRG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$844.31 + A$1,503.25
A$2,347.55
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$2,347.55 / 130.10
A$18.04
ASX:BRG Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$18.04
Current discount Discount to share price of A$17.95
= -1 x (A$17.95 - A$18.04) / A$18.04
0.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Breville Group is available for.
Intrinsic value
1%
Share price is A$17.95 vs Future cash flow value of A$18.04
Current Discount Checks
For Breville Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Breville Group's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Breville Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Breville Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Breville Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:BRG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.51
ASX:BRG Share Price ** ASX (2019-07-18) in AUD A$17.95
Australia Consumer Durables Industry PE Ratio Median Figure of 8 Publicly-Listed Consumer Durables Companies 11.15x
Australia Market PE Ratio Median Figure of 546 Publicly-Listed Companies 16.19x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Breville Group.

ASX:BRG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:BRG Share Price ÷ EPS (both in AUD)

= 17.95 ÷ 0.51

35.5x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Breville Group is overvalued based on earnings compared to the AU Consumer Durables industry average.
  • Breville Group is overvalued based on earnings compared to the Australia market.
Price based on expected Growth
Does Breville Group's expected growth come at a high price?
Raw Data
ASX:BRG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 35.5x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
12.4%per year
Australia Consumer Durables Industry PEG Ratio Median Figure of 5 Publicly-Listed Consumer Durables Companies 0.91x
Australia Market PEG Ratio Median Figure of 361 Publicly-Listed Companies 1.34x

*Line of best fit is calculated by linear regression .

ASX:BRG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 35.5x ÷ 12.4%

2.87x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Breville Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Breville Group's assets?
Raw Data
ASX:BRG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$2.38
ASX:BRG Share Price * ASX (2019-07-18) in AUD A$17.95
Australia Consumer Durables Industry PB Ratio Median Figure of 12 Publicly-Listed Consumer Durables Companies 3.15x
Australia Market PB Ratio Median Figure of 1,693 Publicly-Listed Companies 1.68x
ASX:BRG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:BRG Share Price ÷ Book Value per Share (both in AUD)

= 17.95 ÷ 2.38

7.54x

* Primary Listing of Breville Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Breville Group is overvalued based on assets compared to the AU Consumer Durables industry average.
X
Value checks
We assess Breville Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Durables industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Durables industry average (and greater than 0)? (1 check)
  5. Breville Group has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

BRG Future Performance

 How is Breville Group expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Breville Group expected to grow at an attractive rate?
  • Breville Group's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Breville Group's earnings growth is expected to exceed the Australia market average.
  • Breville Group's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:BRG Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:BRG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 12.4%
ASX:BRG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 9.6%
Australia Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 16.4%
Australia Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 10.5%
Australia Market Earnings Growth Rate Market Cap Weighted Average 7.3%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:BRG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:BRG Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 894 94 87 6
2020-06-30 818 90 77 7
2019-06-30 741 75 68 7
ASX:BRG Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 711 72 66
2018-09-30 682 80 62
2018-06-30 652 89 59
2018-03-31 649 61 57
2017-12-31 648 33 56
2017-09-30 627 48 55
2017-06-30 606 63 54
2017-03-31 595 72 53
2016-12-31 584 82 53
2016-09-30 581 67 52
2016-06-30 577 52 50
2016-03-31 570 49 49

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Breville Group's earnings are expected to grow by 12.4% yearly, however this is not considered high growth (20% yearly).
  • Breville Group's revenue is expected to grow by 9.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:BRG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Breville Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:BRG Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30 0.67 0.69 0.64 4.00
2020-06-30 0.59 0.60 0.58 5.00
2019-06-30 0.52 0.53 0.51 5.00
ASX:BRG Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.51
2018-09-30 0.48
2018-06-30 0.45
2018-03-31 0.44
2017-12-31 0.43
2017-09-30 0.42
2017-06-30 0.41
2017-03-31 0.41
2016-12-31 0.41
2016-09-30 0.40
2016-06-30 0.39
2016-03-31 0.38

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Breville Group is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Breville Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Breville Group has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

BRG Past Performance

  How has Breville Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Breville Group's growth in the last year to its industry (Consumer Durables).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Breville Group's year on year earnings growth rate has been positive over the past 5 years.
  • Breville Group's 1-year earnings growth exceeds its 5-year average (16.4% vs 5.8%)
  • Breville Group's earnings growth has not exceeded the AU Consumer Durables industry average in the past year (16.4% vs 16.4%).
Earnings and Revenue History
Breville Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Breville Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:BRG Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 710.95 65.69 116.34
2018-09-30 681.65 62.11 112.52
2018-06-30 652.35 58.52 108.70
2018-03-31 648.52 57.49 107.32
2017-12-31 648.33 56.45 105.94
2017-09-30 627.03 55.14 98.51
2017-06-30 605.73 53.83 91.09
2017-03-31 595.12 53.45 89.59
2016-12-31 584.50 53.07 88.09
2016-09-30 580.54 51.62 88.42
2016-06-30 576.57 50.17 88.75
2016-03-31 570.46 49.01 86.29
2015-12-31 564.34 47.86 83.83
2015-09-30 545.69 47.27 82.14
2015-06-30 527.04 46.68 80.46
2015-03-31 525.66 46.96 80.93
2014-12-31 524.28 47.24 81.41
2014-09-30 532.95 48.00 82.95
2014-06-30 541.62 48.77 84.49
2014-03-31 537.51 48.99 86.88
2013-12-31 533.40 49.22 89.27
2013-09-30 509.98 49.48 86.94
2013-06-30 486.55 49.73 84.61
2013-03-31 472.65 49.01 82.50
2012-12-31 458.76 48.29 80.40
2012-09-30 443.35 47.14 78.21

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Breville Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Breville Group used its assets more efficiently than the AU Consumer Durables industry average last year based on Return on Assets.
  • Breville Group has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Breville Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Durables industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Breville Group has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

BRG Health

 How is Breville Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Breville Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Breville Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Breville Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Breville Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 6.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Breville Group Company Filings, last reported 6 months ago.

ASX:BRG Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 309.62 65.73 66.16
2018-09-30 309.62 65.73 66.16
2018-06-30 283.24 45.32 103.32
2018-03-31 283.24 45.32 103.32
2017-12-31 275.51 94.83 94.82
2017-09-30 275.51 94.83 94.82
2017-06-30 259.61 35.84 77.12
2017-03-31 259.61 35.84 77.12
2016-12-31 264.47 31.35 64.05
2016-09-30 264.47 31.35 64.05
2016-06-30 246.01 23.85 59.98
2016-03-31 246.01 23.85 59.98
2015-12-31 246.89 35.71 38.75
2015-09-30 246.89 35.71 38.75
2015-06-30 231.41 21.84 54.63
2015-03-31 231.41 21.84 54.63
2014-12-31 232.72 30.36 42.07
2014-09-30 232.72 30.36 42.07
2014-06-30 213.05 23.84 70.89
2014-03-31 213.05 23.84 70.89
2013-12-31 218.14 32.52 41.85
2013-09-30 218.14 32.52 41.85
2013-06-30 201.20 24.70 68.13
2013-03-31 201.20 24.70 68.13
2012-12-31 195.03 21.73 51.90
2012-09-30 195.03 21.73 51.90
  • Breville Group's level of debt (21.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (14.9% vs 21.2% today).
  • Debt is well covered by operating cash flow (109.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 98.1x coverage).
X
Financial health checks
We assess Breville Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Breville Group has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

BRG Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.06%
Current annual income from Breville Group dividends. Estimated to be 2.43% next year.
If you bought A$2,000 of Breville Group shares you are expected to receive A$41 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Breville Group's pays a lower dividend yield than the bottom 25% of dividend payers in Australia (2.51%).
  • Breville Group's dividend is below the markets top 25% of dividend payers in Australia (5.74%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:BRG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
Australia Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 2.8%
Australia Market Average Dividend Yield Market Cap Weighted Average of 415 Stocks 4%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.5%
Australia Bottom 25% Dividend Yield 25th Percentile 2.5%
Australia Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:BRG Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2021-06-30 0.46 6.00
2020-06-30 0.42 7.00
2019-06-30 0.37 7.00
ASX:BRG Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-02-13 0.370 2.193
2018-08-15 0.330 2.786
2018-02-14 0.315 2.720
2017-08-16 0.305 2.572
2017-02-22 0.295 2.870
2016-08-24 0.285 3.293
2015-08-19 0.270 3.862
2015-02-23 0.270 3.808
2014-08-20 0.270 3.896
2013-08-19 0.260 3.061
2012-08-22 0.240 3.792
2012-02-23 0.195 4.591
2011-08-25 0.165 5.709
2011-02-23 0.145 4.417
2010-08-25 0.110 4.027
2010-02-26 0.075 3.572
2009-08-24 0.055 3.247
2009-02-25 0.060 8.203
2008-08-26 0.105 13.784

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Breville Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.4x coverage).
X
Income/ dividend checks
We assess Breville Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Breville Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Breville Group has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

BRG Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jim Clayton
COMPENSATION A$1,692,577
TENURE AS CEO 4 years
CEO Bio

Mr. James Dennis Clayton, also known as Jim, has been the Chief Executive Officer at Breville Group Limited since July 1, 2015. Mr. Clayton serves as an Adviser at zAgile Inc. He has extensive experience in building new companies to the leadership team at SymphonyRPM. He served as an Executive Vice President of Corporate Development at Symphony-Metreo Inc. since March 2007. He held roles with: LG Electronics Inc, where he led technology innovation and new growth markets for LG’s Home Entertainment Company. Mr. Clayton served as President of Symphonyrpm Inc. He served as President and Chief Executive Officer of Metreo, Inc. As a Principal at Symphony Technology Group, he lent his expertise to numerous portfolio companies, including Qiva, Trigo Technologies and ePIT Systems. Prior to that, he served as an Engagement Manager at McKinsey & Company and a Member of its Corporate Finance and Strategy Practice. At McKinsey, he worked with clients in a variety of industries, including transportation, energy, technology and finance. He has been a Director of Breville New Zealand Limited since October 14, 2015. Mr. Clayton attended the University of Texas, where he earned a BA degree in Business Administration and a Law degree.

CEO Compensation
  • Jim's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Jim's remuneration is lower than average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the Breville Group management team in years:

3.5
Average Tenure
  • The tenure for the Breville Group management team is about average.
Management Team

Jim Clayton

TITLE
Chief Executive Officer
COMPENSATION
A$2M
TENURE
4 yrs

M. Payne

TITLE
Chief Operating Officer
COMPENSATION
A$766K
TENURE
3.7 yrs

Scott Brady

TITLE
General Manager of Product
COMPENSATION
A$693K

Cliff Torng

TITLE
Global Go-to-Market Officer
COMPENSATION
A$823K
AGE
57
TENURE
3.5 yrs

Martin Nicholas

TITLE
Group Chief Financial Officer
TENURE
0.8 yrs

Sasha Kitto

TITLE
Company Secretary
TENURE
5.1 yrs

Craig Robinson

TITLE
Additional Company Secretary
TENURE
0.1 yrs

Michelle Waters

TITLE
General Manager of Finance
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure of the Breville Group board of directors in years:

5.6
Average Tenure
  • The tenure for the Breville Group board of directors is about average.
Board of Directors

Steven Fisher

TITLE
Non-Executive Chairman
COMPENSATION
A$300K
TENURE
6.2 yrs

Lawrence Myers

TITLE
Lead Independent Director
COMPENSATION
A$139K
TENURE
4.9 yrs

Kate Wright

TITLE
Non-Executive Director
COMPENSATION
A$139K
TENURE
2.8 yrs

Dean Howell

TITLE
Non-Executive Director
COMPENSATION
A$123K
TENURE
11.3 yrs

Sally Herman

TITLE
Non-Executive Director
COMPENSATION
A$123K
AGE
61
TENURE
6.3 yrs

Tim Antonie

TITLE
Non-Executive Director
COMPENSATION
A$123K
AGE
53
TENURE
5.6 yrs

Peter Cowan

TITLE
Independent Non-Executive Director
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
02. Jul 19 Sell Matthews International Capital Management, LLC Company 31. May 19 02. Jul 19 -1,307,195 A$16.78 A$-21,632,743
30. May 19 Sell Matthews International Capital Management, LLC Company 16. May 19 30. May 19 -1,584,189 A$18.13 A$-27,220,733
15. May 19 Sell Matthews International Capital Management, LLC Company 27. Aug 18 15. May 19 -1,723,090 A$19.66 A$-32,565,908
12. Mar 19 Sell Realindex Investments Pty Limited Company 31. Oct 18 14. Feb 19 -206,521 A$11.03 A$-2,276,921
12. Mar 19 Buy Realindex Investments Pty Limited Company 30. Oct 18 28. Feb 19 127,080 A$11.60 A$1,474,688
12. Mar 19 Sell Colonial First State Asset Management (Australia) Limited Company 31. Oct 18 11. Mar 19 -1,225,726 A$15.67 A$-17,596,629
12. Mar 19 Buy Colonial First State Asset Management (Australia) Limited Company 26. Oct 18 28. Feb 19 909,625 A$11.97 A$10,514,355
18. Feb 19 Buy Sally Herman Individual 15. Feb 19 15. Feb 19 6,000 A$13.79 A$82,740
23. Nov 18 Buy Peter Cowan Individual 21. Nov 18 21. Nov 18 5,000 A$11.66 A$58,321
16. Nov 18 Buy Steven Fisher Individual 15. Nov 18 15. Nov 18 8,000 A$11.75 A$93,982
15. Nov 18 Buy Dean Howell Individual 13. Nov 18 13. Nov 18 7,500 A$12.36 A$92,667
14. Nov 18 Buy Lawrence Myers Individual 14. Nov 18 14. Nov 18 20,000 A$11.80 A$236,000
22. Oct 18 Buy Realindex Investments Pty Limited Company 18. Jun 18 17. Oct 18 51,979 A$12.26 A$637,151
26. Oct 18 Buy Realindex Investments Pty Limited Company 25. Oct 18 25. Oct 18 38,504 A$11.80 A$454,347
25. Oct 18 Sell Realindex Investments Pty Limited Company 19. Oct 18 22. Oct 18 -2,225 A$12.53 A$-27,739
26. Oct 18 Buy Catherine Wright Individual 26. Oct 18 26. Oct 18 5,000 A$11.82 A$59,095
25. Oct 18 Sell Colonial First State Asset Management (Australia) Limited Company 24. Oct 18 24. Oct 18 -10,007 A$12.23 A$-122,398
25. Oct 18 Buy Colonial First State Asset Management (Australia) Limited Company 19. Oct 18 24. Oct 18 1,501 A$12.36 A$18,096
22. Oct 18 Buy Colonial First State Asset Management (Australia) Limited Company 18. Jun 18 18. Oct 18 1,648,227 A$12.46 A$19,883,150
08. Oct 18 Buy Timothy Antonie Individual 05. Oct 18 08. Oct 18 8,063 A$12.48 A$100,631
08. Oct 18 Buy Lawrence Myers Individual 08. Oct 18 08. Oct 18 30,000 A$12.45 A$373,500
26. Sep 18 Sell Steven Fisher Individual 25. Sep 18 25. Sep 18 -288 A$12.60 A$-3,630
26. Sep 18 Buy Steven Fisher Individual 25. Sep 18 25. Sep 18 10,000 A$12.60 A$126,041
X
Management checks
We assess Breville Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Breville Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

BRG News

Simply Wall St News

Did Breville Group Limited (ASX:BRG) Use Debt To Deliver Its ROE Of 21%?

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Breville Group: 21% = AU$66m ÷ AU$310m (Based on the trailing twelve months to December 2018.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Does Breville Group Have A Good Return On Equity? … Combining Breville Group's Debt And Its 21% Return On Equity Although Breville Group does use debt, its debt to equity ratio of 0.21 is still low.

Simply Wall St -

Does Breville Group (ASX:BRG) Have A Healthy Balance Sheet?

This short term liquidity is a sign that Breville Group could probably pay off its debt with ease, as its balance sheet is far from stretched. … Breville Group may have net cash on the balance sheet, but it is still interesting to look at how well the business converts its earnings before interest and tax (EBIT) to free cash flow, because that will influence both its need for, and its capacity to manage debt. … Over the most recent three years, Breville Group recorded free cash flow worth 51% of its EBIT, which is around normal, given free cash flow excludes interest and tax.

Simply Wall St -

How Much Did Breville Group Limited's (ASX:BRG) CEO Pocket Last Year?

Check out our latest analysis for Breville Group How Does Jim Clayton's Compensation Compare With Similar Sized Companies? … Our data indicates that Breville Group Limited is worth AU$2.1b, and total annual CEO compensation is AU$1.7m. … Boasting a total shareholder return of 142% over three years, Breville Group Limited has done well by shareholders.

Simply Wall St -

Is Breville Group Limited's (ASX:BRG) Growth Strong Enough To Justify Its June Share Price?

Breville Group is trading at price-to-earnings (PE) ratio of 32.67x, this tells us the stock is overvalued compared to the AU market average ratio of 16.25x , and overvalued based on current earnings compared to the Consumer Durables industry average of 10.99x. … But, seeing as Breville Group is perceived as a high-growth stock, we must also account for its earnings growth, which is captured in the PEG ratio. … This means that, when we account for Breville Group's growth, the stock can be viewed as overvalued , based on fundamental analysis.

Simply Wall St -

Should You Think About Buying Breville Group Limited (ASX:BRG) Now?

Breville Group Limited (ASX:BRG), which is in the consumer durables business, and is based in Australia, saw significant share price movement during recent months on the ASX, rising to highs of A$19.53 and falling to the lows of A$16.2. … According to my valuation model, Breville Group seems to be fairly priced at around 2.77% above my intrinsic value, which means if you buy Breville Group today, you’d be paying a relatively reasonable price for it. … Will you have enough confidence to invest in the company should the price drop below its fair value?

Simply Wall St -

Estimating The Fair Value Of Breville Group Limited (ASX:BRG)

In this article we are going to estimate the intrinsic value of Breville Group Limited (ASX:BRG) by taking the foreast future cash flows of the company and discounting them back to today's value. … We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. … Generally we assume that a dollar today is more valuable than a dollar in the future, and so the sum of these future cash flows is then discounted to today's value: 10-year free cash flow (FCF) estimate 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF (A$, Millions) A$63.15 A$68.15 A$92.40 A$107.19 A$119.95 A$130.77 A$139.94 A$147.77 A$154.59 A$160.66 Growth Rate Estimate Source Analyst x2 Analyst x2 Analyst x1 Est @ 16.01% Est @ 11.9% Est @ 9.02% Est @ 7.01% Est @ 5.6% Est @ 4.61% Est @ 3.92% Present Value (A$, Millions) Discounted @ 7.91% A$58.52 A$58.52 A$73.53 A$79.05 A$81.97 A$82.82 A$82.13 A$80.37 A$77.91 A$75.04 Present Value of 10-year Cash Flow (PVCF)= A$749.87m "Est" = FCF growth rate estimated by Simply Wall St After calculating the present value of future cash flows in the intial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage.

Simply Wall St -

What Kind Of Shareholder Appears On The Breville Group Limited's (ASX:BRG) Shareholder Register?

View our latest analysis for Breville Group ASX:BRG Ownership Summary, May 27th 2019 What Does The Institutional Ownership Tell Us About Breville Group? … Insider Ownership Of Breville Group While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. … Public Company Ownership It appears to us that public companies own 27% of BRG.

Simply Wall St -

Is Breville Group Limited (ASX:BRG) A Volatile Stock?

If you own shares in Breville Group Limited (ASX:BRG) then it's worth thinking about how it contributes to the volatility of your portfolio, overall. … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one. … This means that -- if history is a guide -- buying the stock would reduce the impact of overall market volatility in many portfolios (depending on the beta of the portfolio, of course).

Simply Wall St -

Despite Its High P/E Ratio, Is Breville Group Limited (ASX:BRG) Still Undervalued?

The formula for price to earnings is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Breville Group: P/E of 35.66 = A$18.03 ÷ A$0.51 (Based on the year to December 2018.) Is A High Price-to-Earnings Ratio Good? … Breville Group increased earnings per share by an impressive 17% over the last twelve months. … Hypothetically, a company could reduce its future P/E ratio by spending its cash (or taking on debt) to achieve higher earnings.

Simply Wall St -

Can You Imagine How Chuffed Breville Group's (ASX:BRG) Shareholders Feel About Its 129% Share Price Gain?

To wit, the Breville Group Limited (ASX:BRG) share price has flown 129% in the last three years. … During three years of share price growth, Breville Group achieved compound earnings per share growth of 11% per year. … This EPS growth is lower than the 32% average annual increase in the share price.

Simply Wall St -

BRG Company Info

Description

Breville Group Limited designs, develops, markets, and distributes small electrical kitchen appliances in Australia, New Zealand, North America, the United Kingdom, Germany, Austria, Hong Kong, and internationally. The company offers kitchen appliances, including slow cookers, kettles, and fry pans; living room, laundry, and bedroom products, such as irons, vacuums, heaters, electric blankets, and fans; and juicers, sandwich makers, rice cookers, and food preparation products. It markets and sells its products under the Breville, Kambrook, Aquaport, Ronson, and Sage brands, as well as under third party brands, such as Nespresso and Nestlé Dolce Gusto. The company was formerly known as Housewares International Limited and changed its name to Breville Group Limited in November 2008. Breville Group Limited was founded in 1957 and is headquartered in Alexandria, Australia.

Details
Name: Breville Group Limited
BRG
Exchange: ASX
Founded: 1957
A$2,340,414,842
130,095,322
Website: http://brevillegroup.com
Address: Breville Group Limited
170-180 Bourke Road,
Suite 2,
Alexandria,
New South Wales, 2015,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX BRG Ordinary Shares Australian Securities Exchange AU AUD 04. Jun 1999
OTCPK BVIL.F Ordinary Shares Pink Sheets LLC US USD 04. Jun 1999
DB HDE Ordinary Shares Deutsche Boerse AG DE EUR 04. Jun 1999
CHIA BRG Ordinary Shares Chi-X Australia AU AUD 04. Jun 1999
OTCPK BVIL.Y UNSPONSORD ADR Pink Sheets LLC US USD 12. Apr 2012
Number of employees
Current staff
Staff numbers
0
Breville Group employees.
Industry
Household Appliances
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/18 10:34
End of day share price update: 2019/07/18 00:00
Last estimates confirmation: 2019/07/08
Last earnings filing: 2019/02/13
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.