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BKL

BlackmoresASX:BKL Stock Report

Market Cap

AU$2.0b

7D

1.3%

1Y

61.0%

Updated

22 Oct, 2021

Data

Company Financials +
BKL fundamental analysis
Snowflake Score
Valuation1/6
Future Growth4/6
Past Performance4/6
Financial Health6/6
Dividends0/6

BKL Overview

Blackmores Limited develops, sells, and markets natural health products for humans and animals in Australia, New Zealand, Asia, China, and internationally.

Blackmores Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Blackmores
Historical stock prices
Current Share PriceAU$100.75
52 Week HighAU$62.16
52 Week LowAU$102.92
Beta0.26
1 Month Change12.91%
3 Month Change31.03%
1 Year Change61.02%
3 Year Change-17.01%
5 Year Change-6.58%
Change since IPO3,563.64%

Recent News & Updates

Shareholder Returns

BKLAU Personal ProductsAU Market
7D1.3%1.3%0.7%
1Y61.0%24.6%21.4%

Return vs Industry: BKL exceeded the Australian Personal Products industry which returned 24.6% over the past year.

Return vs Market: BKL exceeded the Australian Market which returned 21.4% over the past year.

Price Volatility

Is BKL's price volatile compared to industry and market?
BKL volatility
BKL Beta0.26
Industry Beta0.70
Market Beta1

Stable Share Price: BKL is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: BKL's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19301,200Alastair Symingtonhttps://www.blackmores.com.au

Blackmores Limited develops, sells, and markets natural health products for humans and animals in Australia, New Zealand, Asia, China, and internationally. The company offers vitamins, and herbal and mineral nutritional supplements. It also provides products for various conditions related to arthritis, joints, bones, and muscles; brain health; cold, flu, and immunity; digestive health; energy and exercise; essentials; everyday health; and eye health.

Blackmores Fundamentals Summary

How do Blackmores's earnings and revenue compare to its market cap?
BKL fundamental statistics
Market CapAU$1.96b
Earnings (TTM)AU$23.97m
Revenue (TTM)AU$575.92m

81.5x

P/E Ratio

3.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BKL income statement (TTM)
RevenueAU$575.92m
Cost of RevenueAU$222.25m
Gross ProfitAU$353.66m
ExpensesAU$329.69m
EarningsAU$23.97m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.24
Gross Margin61.41%
Net Profit Margin4.16%
Debt/Equity Ratio0%

How did BKL perform over the long term?

See historical performance and comparison

Dividends

0.8%

Current Dividend Yield

57%

Payout Ratio

Valuation

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

9.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BKL (A$100.75) is trading below our estimate of fair value (A$111.14)

Significantly Below Fair Value: BKL is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: BKL is poor value based on its PE Ratio (81.5x) compared to the Global Personal Products industry average (26.7x).

PE vs Market: BKL is poor value based on its PE Ratio (81.5x) compared to the Australian market (19.8x).


Price to Earnings Growth Ratio

PEG Ratio: BKL is poor value based on its PEG Ratio (3x)


Price to Book Ratio

PB vs Industry: BKL is overvalued based on its PB Ratio (5.2x) compared to the AU Personal Products industry average (2.6x).


Future Growth

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

26.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BKL's forecast earnings growth (26.9% per year) is above the savings rate (1.9%).

Earnings vs Market: BKL's earnings (26.9% per year) are forecast to grow faster than the Australian market (11.5% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: BKL's revenue (11.6% per year) is forecast to grow faster than the Australian market (5.3% per year).

High Growth Revenue: BKL's revenue (11.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BKL's Return on Equity is forecast to be low in 3 years time (17.2%).


Past Performance

How has Blackmores performed over the past 5 years?

-30.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BKL has high quality earnings.

Growing Profit Margin: BKL's current net profit margins (4.2%) are higher than last year (2.1%).


Past Earnings Growth Analysis

Earnings Trend: BKL's earnings have declined by 30.9% per year over the past 5 years.

Accelerating Growth: BKL's earnings growth over the past year (97.3%) exceeds its 5-year average (-30.9% per year).

Earnings vs Industry: BKL earnings growth over the past year (97.3%) exceeded the Personal Products industry 23%.


Return on Equity

High ROE: BKL's Return on Equity (7.6%) is considered low.


Financial Health

How is Blackmores's financial position?


Financial Position Analysis

Short Term Liabilities: BKL's short term assets (A$321.6M) exceed its short term liabilities (A$144.2M).

Long Term Liabilities: BKL's short term assets (A$321.6M) exceed its long term liabilities (A$37.3M).


Debt to Equity History and Analysis

Debt Level: BKL is debt free.

Reducing Debt: BKL has no debt compared to 5 years ago when its debt to equity ratio was 30.7%.

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

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


Balance Sheet


Dividend

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

0.83%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BKL's dividend (0.83%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.27%).

High Dividend: BKL's dividend (0.83%) is low compared to the top 25% of dividend payers in the Australian market (5.31%).


Stability and Growth of Payments

Stable Dividend: BKL is not paying a notable dividend for the Australian market, therefore no need to check if payments are stable.

Growing Dividend: BKL is not paying a notable dividend for the Australian market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: BKL is not paying a notable dividend for the Australian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BKL's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

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

1.8yrs

Average management tenure


CEO

Alastair Symington (48 yo)

2yrs

Tenure

AU$1,346,738

Compensation

Mr. Alastair Symington., BEc, PostGradDip IntBus, MAICD, has been Chief Executive Officer and Managing Director of Blackmores Limited since October 1, 2019. Mr. Alastair serves as Director of Blackmores Li...


CEO Compensation Analysis

Compensation vs Market: Alastair's total compensation ($USD1.01M) is about average for companies of similar size in the Australian market ($USD1.38M).

Compensation vs Earnings: Insufficient data to compare Alastair's compensation with company performance.


Leadership Team

Experienced Management: BKL's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: BKL's board of directors are not considered experienced ( 0.5 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: Insufficient data to determine if 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

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


Key Information

  • Name: Blackmores Limited
  • Ticker: BKL
  • Exchange: ASX
  • Founded: 1930
  • Industry: Personal Products
  • Sector: Household
  • Market Cap: AU$1.958b
  • Shares outstanding: 19.38m
  • Website: https://www.blackmores.com.au

Number of Employees


Location

  • Blackmores Limited
  • 20 Jubilee Avenue
  • Warriewood
  • Sydney
  • New South Wales
  • 2102
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/22 07:02
End of Day Share Price2021/10/22 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.