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BLD

BoralASX:BLD Stock Report

Market Cap

AU$6.8b

7D

2.3%

1Y

34.9%

Updated

28 Sep, 2021

Data

Company Financials +
BLD fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance1/6
Financial Health4/6
Dividends0/6

BLD Overview

Boral Limited manufactures and supplies building and construction materials in Australia and internationally.

Boral Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Boral
Historical stock prices
Current Share PriceAU$6.15
52 Week HighAU$4.46
52 Week LowAU$7.43
Beta1.62
1 Month Change0.98%
3 Month Change-16.44%
1 Year Change34.87%
3 Year Change-12.27%
5 Year Change-8.35%
Change since IPO162.26%

Recent News & Updates

Jul 29
Calculating The Intrinsic Value Of Boral Limited (ASX:BLD)

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

BLDAU Basic MaterialsAU Market
7D2.3%0.3%1.5%
1Y34.9%45.9%24.8%

Return vs Industry: BLD underperformed the Australian Basic Materials industry which returned 45.9% over the past year.

Return vs Market: BLD exceeded the Australian Market which returned 24.8% over the past year.

Price Volatility

Is BLD's price volatile compared to industry and market?
BLD volatility
BLD Beta1.62
Industry Beta1.13
Market Beta1

Stable Share Price: BLD is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: BLD's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19467,889Zlatko Todorcevskihttps://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

How do Boral's earnings and revenue compare to its market cap?
BLD fundamental statistics
Market CapAU$6.78b
Earnings (TTM)AU$19.10m
Revenue (TTM)AU$2.92b

355.3x

P/E Ratio

2.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BLD income statement (TTM)
RevenueAU$2.92b
Cost of RevenueAU$2.17b
Gross ProfitAU$757.30m
ExpensesAU$738.20m
EarningsAU$19.10m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.017
Gross Margin25.90%
Net Profit Margin0.65%
Debt/Equity Ratio38.4%

How did BLD perform over the long term?

See historical performance and comparison

Valuation

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

26.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BLD (A$6.15) is trading below our estimate of fair value (A$8.33)

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 (355.3x) compared to the Australian Basic Materials industry average (27x).

PE vs Market: BLD is poor value based on its PE Ratio (355.3x) compared to the Australian market (19x).


Price to Earnings Growth Ratio

PEG Ratio: BLD is poor value based on its PEG Ratio (12.2x)


Price to Book Ratio

PB vs Industry: BLD is good value based on its PB Ratio (1.6x) 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 (11.4% 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 (5.2% 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?

-48.6%

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 48.6% 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 (30.2%).


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?

2.79%

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?

1.2yrs

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 ( 1.2 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$6.784b
  • 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/28 15:41
End of Day Share Price2021/09/28 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.