Executive Summary
Blackmores Limited develops, sells, and markets natural health products for humans and animals in Australia, New Zealand, Asia, China, and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with reasonable growth potential.
Similar Companies
Share Price & News
How has Blackmores's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BKL is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: BKL's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-5.9%
BKL
-0.1%
AU Personal Products
0.3%
AU Market
1 Year Return
8.6%
BKL
8.8%
AU Personal Products
12.5%
AU Market
Return vs Industry: BKL exceeded the Australian Personal Products industry which returned 6.8% over the past year.
Return vs Market: BKL exceeded the Australian Market which returned 9.7% over the past year.
Shareholder returns
| BKL | Industry | Market | |
|---|---|---|---|
| 7 Day | -5.9% | -0.1% | 0.3% |
| 30 Day | -0.4% | 1.6% | 2.2% |
| 90 Day | -4.0% | 6.1% | 4.0% |
| 1 Year | 8.6%8.6% | 9.8%8.8% | 16.1%12.5% |
| 3 Year | -37.6%-39.9% | -30.0%-32.3% | 31.1%15.1% |
| 5 Year | -47.4%-52.1% | -28.7%-36.0% | 62.5%31.3% |
Long-Term Price Volatility Vs. Market
How volatile is Blackmores's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Blackmores Limited (ASX:BKL) Stock's On A Decline: Are Poor Fundamentals The Cause?3 weeks ago | Simply Wall St
Blackmores (ASX:BKL) Share Prices Have Dropped 54% In The Last Five Years1 month ago | Simply Wall St
Here's Why We Don't Think Blackmores's (ASX:BKL) Statutory Earnings Reflect Its Underlying Earnings PotentialValuation
Is Blackmores undervalued compared to its fair value and its price relative to the market?
44.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BKL (A$77.52) is trading below our estimate of fair value (A$137.84)
Significantly Below Fair Value: BKL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BKL is poor value based on its PE Ratio (124.5x) compared to the AU Personal Products industry average (27.5x).
PE vs Market: BKL is poor value based on its PE Ratio (124.5x) compared to the Australian market (20x).
Price to Earnings Growth Ratio
PEG Ratio: BKL is poor value based on its PEG Ratio (4.3x)
Price to Book Ratio
PB vs Industry: BKL is overvalued based on its PB Ratio (4x) compared to the AU Personal Products industry average (2.6x).
Next Steps
Future Growth
How is Blackmores forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
29.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BKL's forecast earnings growth (29.1% per year) is above the savings rate (2%).
Earnings vs Market: BKL's earnings (29.1% per year) are forecast to grow faster than the Australian market (15.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BKL's revenue (9.1% per year) is forecast to grow faster than the Australian market (5.5% per year).
High Growth Revenue: BKL's revenue (9.1% 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%).
Next Steps
Past Performance
How has Blackmores performed over the past 5 years?
-24.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BKL has high quality earnings.
Growing Profit Margin: BKL's current net profit margins (2%) are lower than last year (5.9%).
Past Earnings Growth Analysis
Earnings Trend: BKL's earnings have declined by 24.7% per year over the past 5 years.
Accelerating Growth: BKL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BKL had negative earnings growth (-65.6%) over the past year, making it difficult to compare to the Personal Products industry average (4.1%).
Return on Equity
High ROE: BKL's Return on Equity (3.8%) is considered low.
Next Steps
Financial Health
How is Blackmores's financial position?
Financial Position Analysis
Short Term Liabilities: BKL's short term assets (A$304.4M) exceed its short term liabilities (A$138.8M).
Long Term Liabilities: BKL's short term assets (A$304.4M) exceed its long term liabilities (A$33.8M).
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 12.4%.
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
Next Steps
Dividend
What is Blackmores's current dividend yield, its reliability and sustainability?
0.76%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: BKL's dividend (0.75%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.11%).
High Dividend: BKL's dividend (0.75%) is low compared to the top 25% of dividend payers in the Australian market (5.43%).
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?
1.3yrs
Average management tenure
CEO
Alastair Symington (47 yo)
1.42yrs
Tenure
AU$1,346,738
Compensation
Mr. Alastair Symington has been Chief Executive Officer and Managing Director of Blackmores Limited since October 1, 2019. Mr. Alastair serves as Director of Blackmores Limited since September 16, 2019. Mr...
CEO Compensation Analysis
Compensation vs Market: Alastair's total compensation ($USD1.05M) is about average for companies of similar size in the Australian market ($USD884.85K).
Compensation vs Earnings: Insufficient data to compare Alastair's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD & Director | 1.42yrs | AU$1.35m | 0.096% A$ 1.4m | |
| Group Chief Financial Officer | 1.17yrs | AU$607.73k | 0.0026% A$ 38.7k | |
| Chief Operations Officer | 2.67yrs | no data | no data | |
| Group Financial Controller & Investor Relations Manager | no data | no data | no data | |
| Group Legal Counsel | no data | no data | no data | |
| Director of Communications & Corporate Citizenship | no data | no data | no data | |
| Sales Director | no data | no data | no data | |
| Chief Marketing & Innovation Officer | 1yr | no data | no data | |
| Chief People Officer | 2.67yrs | no data | no data | |
| Head of Innovation & Development | no data | no data | no data | |
| Head of Grocery & Emerging Channel | no data | no data | no data | |
| Managing Director of China | 1.25yrs | no data | no data |
1.3yrs
Average Tenure
Experienced Management: BKL's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD & Director | 1.42yrs | AU$1.35m | 0.096% A$ 1.4m | |
| Non-Executive Chairman | 0.42yr | no data | no data | |
| Independent & Non-Executive Director | 7.42yrs | AU$160.46k | 0.0073% A$ 109.5k | |
| Independent Non-Executive Director | 2yrs | AU$169.85k | 0.015% A$ 225.9k |
1.8yrs
Average Tenure
Experienced Board: BKL's board of directors are not considered experienced ( 1.8 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 been diluted in the past year, with total shares outstanding growing by 11.2%.
Top Shareholders
Company Information
Blackmores Limited's company bio, 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$1.500b
- Shares outstanding: 19.35m
- Website: https://www.blackmores.com.au
Number of Employees
Location
- Blackmores Limited
- 20 Jubilee Avenue
- Warriewood
- Sydney
- New South Wales
- 2102
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BKL | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Jan 1992 |
| BKL | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Jan 1992 |
Biography
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 miner...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/04 07:04 |
| End of Day Share Price | 2021/03/04 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/06/30 |
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.