| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 4/6 |
| Past Performance | 1/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
BLD Overview
Boral Limited manufactures and supplies building and construction materials in Australia and internationally.
Boral Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$6.01 |
| 52 Week High | AU$4.18 |
| 52 Week Low | AU$7.43 |
| Beta | 1.62 |
| 1 Month Change | -12.26% |
| 3 Month Change | -12.90% |
| 1 Year Change | 39.77% |
| 3 Year Change | -13.53% |
| 5 Year Change | -10.16% |
| Change since IPO | 156.29% |
Recent News & Updates
Calculating The Intrinsic Value Of Boral Limited (ASX:BLD)
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Boral Limited...
Shareholder Returns
| BLD | AU Basic Materials | AU Market | |
|---|---|---|---|
| 7D | -1.0% | -2.2% | -2.2% |
| 1Y | 39.8% | 51.7% | 23.7% |
Return vs Industry: BLD underperformed the Australian Basic Materials industry which returned 51.7% over the past year.
Return vs Market: BLD exceeded the Australian Market which returned 23.7% over the past year.
Price Volatility
| BLD volatility | |
|---|---|
| BLD Beta | 1.62 |
| Industry Beta | 1.13 |
| Market Beta | 1 |
Stable Share Price: BLD is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: BLD's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1946 | 11,032 | Zlatko Todorcevski | https://www.boral.com.au |
Boral Limited manufactures and supplies building and construction materials in Australia and internationally. It offers asphalt, blocks, cement and lime, concrete, pavers and retaining walls, quarry materials, roof tiles, and timber products. In addition, it engages in the property business.
Boral Fundamentals Summary
| BLD fundamental statistics | |
|---|---|
| Market Cap | AU$6.59b |
| Earnings (TTM) | AU$19.10m |
| Revenue (TTM) | AU$2.92b |
347.2x
P/E Ratio2.3x
P/S RatioIs BLD overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| BLD income statement (TTM) | |
|---|---|
| Revenue | AU$2.92b |
| Cost of Revenue | AU$2.17b |
| Gross Profit | AU$757.30m |
| Expenses | AU$738.20m |
| Earnings | AU$19.10m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.016 |
| Gross Margin | 25.90% |
| Net Profit Margin | 0.65% |
| Debt/Equity Ratio | 38.4% |
How did BLD perform over the long term?
See historical performance and comparisonValuation
Is Boral undervalued compared to its fair value and its price relative to the market?
27.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BLD (A$6.01) is trading below our estimate of fair value (A$8.34)
Significantly Below Fair Value: BLD is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BLD is poor value based on its PE Ratio (347.2x) compared to the Australian Basic Materials industry average (26.1x).
PE vs Market: BLD is poor value based on its PE Ratio (347.2x) compared to the Australian market (18.5x).
Price to Earnings Growth Ratio
PEG Ratio: BLD is poor value based on its PEG Ratio (11.9x)
Price to Book Ratio
PB vs Industry: BLD is good value based on its PB Ratio (1.5x) compared to the AU Basic Materials industry average (2.5x).
Future Growth
How is Boral forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
29.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BLD's forecast earnings growth (29.1% per year) is above the savings rate (1.9%).
Earnings vs Market: BLD's earnings (29.1% 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: BLD's revenue (6.1% per year) is forecast to grow faster than the Australian market (5.6% per year).
High Growth Revenue: BLD's revenue (6.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BLD's Return on Equity is forecast to be low in 3 years time (5.4%).
Past Performance
How has Boral performed over the past 5 years?
-54.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BLD has a large one-off loss of A$15.2M impacting its June 30 2021 financial results.
Growing Profit Margin: BLD became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: BLD's earnings have declined by 54.1% per year over the past 5 years.
Accelerating Growth: BLD has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: BLD has become profitable in the last year, making it difficult to compare its past year earnings growth to the Basic Materials industry (30.8%).
Return on Equity
High ROE: BLD's Return on Equity (0.4%) is considered low.
Financial Health
How is Boral's financial position?
Financial Position Analysis
Short Term Liabilities: BLD's short term assets (A$5.3B) exceed its short term liabilities (A$1.3B).
Long Term Liabilities: BLD's short term assets (A$5.3B) exceed its long term liabilities (A$1.9B).
Debt to Equity History and Analysis
Debt Level: BLD's debt to equity ratio (38.4%) is considered satisfactory.
Reducing Debt: BLD's debt to equity ratio has increased from 38% to 38.4% over the past 5 years.
Debt Coverage: BLD's debt is well covered by operating cash flow (39.1%).
Interest Coverage: BLD's interest payments on its debt are not well covered by EBIT (1.1x coverage).
Balance Sheet
Dividend
What is Boral current dividend yield, its reliability and sustainability?
2.86%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate BLD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate BLD's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if BLD's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if BLD's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: BLD is not paying a notable dividend for the Australian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of BLD'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?
0.9yrs
Average management tenure
CEO
Zlatko Todorcevski (53 yo)
1.17yrs
Tenure
Mr. Zlatko Todorcevski, BCom (Accounting), MBA. FGPA, FGIA, has been a Chief Executive Officer, Managing Director and Director at Boral Limited since July 01, 2020. He served as Non-Executive Director of T...
Leadership Team
Experienced Management: BLD's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.
Board Members
Experienced Board: BLD's board of directors are not considered experienced ( 1.1 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: BLD 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
Boral Limited's employee growth, exchange listings and data sources
Key Information
- Name: Boral Limited
- Ticker: BLD
- Exchange: ASX
- Founded: 1946
- Industry: Construction Materials
- Sector: Materials
- Market Cap: AU$6.585b
- Shares outstanding: 1.10b
- Website: https://www.boral.com.au
Number of Employees
Location
- Boral Limited
- 15 Blue Street
- Level 18
- North Sydney
- New South Wales
- 2060
- Australia
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/22 08:05 |
| End of Day Share Price | 2021/09/22 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2021/06/30 |
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.