ASX:BWF

Stock Analysis Report

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Executive Summary

BlackWall Limited (ASX:BWF), formerly BlackWall Property Funds Limited, conducts vertically integrated property funds management business. More Details


Snowflake Analysis

Flawless balance sheet with solid track record.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: BWF's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-6.2%

BWF

-4.7%

AU Capital Markets

-3.9%

AU Market


1 Year Return

-48.0%

BWF

-4.9%

AU Capital Markets

-9.6%

AU Market

Return vs Industry: BWF underperformed the Australian Capital Markets industry which returned -4.9% over the past year.

Return vs Market: BWF underperformed the Australian Market which returned -9.6% over the past year.


Shareholder returns

BWFIndustryMarket
7 Day-6.2%-4.7%-3.9%
30 Day-3.2%3.3%1.8%
90 Day26.4%0.8%1.7%
1 Year-43.2%-48.0%-1.4%-4.9%-6.4%-9.6%
3 Year-39.3%-48.9%26.7%10.9%12.3%-1.9%
5 Year46.4%11.0%59.8%26.7%40.0%11.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BWF (A$0.46) is trading below our estimate of fair value (A$0.99)

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


Price To Earnings Ratio

PE vs Industry: BWF is good value based on its PE Ratio (6.8x) compared to the AU Capital Markets industry average (23x).

PE vs Market: BWF is good value based on its PE Ratio (6.8x) compared to the Australian market (20.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BWF's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BWF's PB Ratio (1.3x) is in line with the AU Capital Markets industry average.


Next Steps

Future Growth

How is BlackWall forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

9.3%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as BlackWall has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has BlackWall performed over the past 5 years?

6.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BWF has high quality earnings.

Growing Profit Margin: BWF's current net profit margins (35.5%) are higher than last year (33.8%).


Past Earnings Growth Analysis

Earnings Trend: BWF's earnings have grown by 6.4% per year over the past 5 years.

Accelerating Growth: BWF's earnings growth over the past year (21.7%) exceeds its 5-year average (6.4% per year).

Earnings vs Industry: BWF earnings growth over the past year (21.7%) exceeded the Capital Markets industry -7.9%.


Return on Equity

High ROE: BWF's Return on Equity (19.3%) is considered low.


Next Steps

Financial Health

How is BlackWall's financial position?


Financial Position Analysis

Short Term Liabilities: BWF's short term assets (A$4.2M) exceed its short term liabilities (A$1.6M).

Long Term Liabilities: BWF's short term assets (A$4.2M) exceed its long term liabilities (A$4.2M).


Debt to Equity History and Analysis

Debt Level: BWF is debt free.

Reducing Debt: BWF had no debt 5 years ago.

Debt Coverage: BWF has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: BWF has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is BlackWall current dividend yield, its reliability and sustainability?

9.01%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BWF's dividend (9.01%) is higher than the bottom 25% of dividend payers in the Australian market (2.23%).

High Dividend: BWF's dividend (9.01%) is in the top 25% of dividend payers in the Australian market (5.53%)


Stability and Growth of Payments

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

Growing Dividend: BWF's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (61.4%), BWF's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

1.2yrs

Average management tenure


CEO

Tim Brown

1.17yrs

Tenure

AU$275,000

Compensation

Mr. Timothy Brown, also known as Tim, served as Interim Company Secretary at Blackwall Property Trust Formerly Blackwall Fund Services Limited since March 27, 2020 until April 23, 2020. Mr. Brown serves as ...


CEO Compensation Analysis

Compensation vs Market: Tim's total compensation ($USD193.54K) is about average for companies of similar size in the Australian market ($USD274.23K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Joseph Glew
Founder & Non-Executive Chairman1.17yrsAU$95.83k8.69%
A$ 2.5m
Timothy Brown
Joint MD1.17yrsAU$275.00k2.31%
A$ 662.7k
Jessica Glew
Joint MD1.17yrsAU$275.00k0.85%
A$ 243.4k
Alexander Whitelum
Company Secretary0.42yrno datano data
Caroline Raw
External Advisor4yrsno datano data

1.2yrs

Average Tenure

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


Board Members

NamePositionTenureCompensationOwnership
Joseph Glew
Founder & Non-Executive Chairman1.17yrsAU$95.83k8.69%
A$ 2.5m
Timothy Brown
Joint MD1.17yrsAU$275.00k2.31%
A$ 662.7k
Jessica Glew
Joint MD1.17yrsAU$275.00k0.85%
A$ 243.4k
Richard Hill
Non-Executive Directorno dataAU$85.00k3.11%
A$ 892.4k
Robin Tedder
Non-Executive Director10yrsAU$85.00k3.83%
A$ 1.1m

2.0yrs

Average Tenure

Experienced Board: BWF's board of directors are not considered experienced ( 2 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: BWF 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

BlackWall Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: BlackWall Limited
  • Ticker: BWF
  • Exchange: ASX
  • Founded:
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: AU$28.729m
  • Shares outstanding: 63.14m
  • Website: https://www.blackwall.com.au

Number of Employees


Location

  • BlackWall Limited
  • 50 Yeo Street
  • Level 1
  • Neutral Bay
  • New South Wales
  • 2089
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BWFASX (Australian Securities Exchange)YesOrdinary SharesAUAUDOct 2011
BWFCHIA (Chi-X Australia)YesOrdinary SharesAUAUDOct 2011

Biography

BlackWall Limited (ASX:BWF), formerly BlackWall Property Funds Limited, conducts vertically integrated property funds management business. The firm manages, develops and finance income-producing real estat ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/31 10:35
End of Day Share Price2020/10/29 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.