BRI

Big River IndustriesASX:BRI Stock Report

Market Cap

AU$164.5m

7D

-1.9%

1Y

37.8%

Updated

23 Sep, 2021

Data

Company Financials +
BRI fundamental analysis
Snowflake Score
Valuation0/6
Future Growth4/6
Past Performance1/6
Financial Health6/6
Dividends2/6

BRI Overview

Big River Industries Limited, together with its subsidiaries, engages in the manufacture, distribution, and retail of timber products and building supplies in Australia and New Zealand.

Price History & Performance

Summary of all time highs, changes and price drops for Big River Industries
Historical stock prices
Current Share PriceAU$2.04
52 Week HighAU$1.24
52 Week LowAU$2.30
Beta0.44
1 Month Change-2.39%
3 Month Change-7.27%
1 Year Change37.84%
3 Year Change4.08%
5 Year Changen/a
Change since IPO35.10%

Recent News & Updates

Shareholder Returns

BRIAU ForestryAU Market
7D-1.9%-2.0%-2.3%
1Y37.8%43.6%25.4%

Return vs Industry: BRI underperformed the Australian Forestry industry which returned 43.6% over the past year.

Return vs Market: BRI exceeded the Australian Market which returned 25.4% over the past year.

Price Volatility

Is BRI's price volatile compared to industry and market?
BRI volatility
BRI Beta0.44
Industry Beta0.60
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
2015n/aJim Bindonhttps://bigriverindustries.com.au

Big River Industries Limited, together with its subsidiaries, engages in the manufacture, distribution, and retail of timber products and building supplies in Australia and New Zealand. The company offers building products, such as pine framing, fiber cement, hardwood for structural and decorative purposes, plywood, sheet materials, particle board flooring, landscaping and fencing supplies, doors, door furniture, and external timber cladding products; LVL, I-beams, and laminated beams; timber flooring, and decking products; and formwork, insulation, and other products. It also provides formwork products, such as armourform formply, LVL formwork, armourdeck steel decking, steel reinforcing, and PVC wall system, as well as formwork accessories; bridge products, including engineered plywood bridge decking, girder beams, and structural kerbing.

Big River Industries Fundamentals Summary

How do Big River Industries's earnings and revenue compare to its market cap?
BRI fundamental statistics
Market CapAU$164.48m
Earnings (TTM)AU$1.82m
Revenue (TTM)AU$281.38m

90.6x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BRI income statement (TTM)
RevenueAU$281.38m
Cost of RevenueAU$199.25m
Gross ProfitAU$82.13m
ExpensesAU$80.31m
EarningsAU$1.82m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.026
Gross Margin29.19%
Net Profit Margin0.64%
Debt/Equity Ratio28.9%

How did BRI perform over the long term?

See historical performance and comparison

Dividends

2.9%

Current Dividend Yield

217%

Payout Ratio

Valuation

Is Big River Industries undervalued compared to its fair value and its price relative to the market?

90.59x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BRI (A$2.04) is trading above our estimate of fair value (A$1.59)

Significantly Below Fair Value: BRI is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BRI is poor value based on its PE Ratio (90.6x) compared to the Global Forestry industry average (13.8x).

PE vs Market: BRI is poor value based on its PE Ratio (90.6x) compared to the Australian market (18.7x).


Price to Earnings Growth Ratio

PEG Ratio: BRI is poor value based on its PEG Ratio (2.6x)


Price to Book Ratio

PB vs Industry: BRI is overvalued based on its PB Ratio (1.7x) compared to the XO Forestry industry average (0.7x).


Future Growth

How is Big River Industries forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

35.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BRI's forecast earnings growth (35.4% per year) is above the savings rate (1.9%).

Earnings vs Market: BRI's earnings (35.4% 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: BRI's revenue (7.9% per year) is forecast to grow faster than the Australian market (5.3% per year).

High Growth Revenue: BRI's revenue (7.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BRI's Return on Equity is forecast to be low in 3 years time (10.6%).


Past Performance

How has Big River Industries performed over the past 5 years?

4.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BRI has a large one-off loss of A$10.0M impacting its June 30 2021 financial results.

Growing Profit Margin: BRI's current net profit margins (0.6%) are lower than last year (1.8%).


Past Earnings Growth Analysis

Earnings Trend: BRI's earnings have grown by 4.9% per year over the past 5 years.

Accelerating Growth: BRI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BRI had negative earnings growth (-59.1%) over the past year, making it difficult to compare to the Forestry industry average (42%).


Return on Equity

High ROE: BRI's Return on Equity (1.9%) is considered low.


Financial Health

How is Big River Industries's financial position?


Financial Position Analysis

Short Term Liabilities: BRI's short term assets (A$117.5M) exceed its short term liabilities (A$64.3M).

Long Term Liabilities: BRI's short term assets (A$117.5M) exceed its long term liabilities (A$50.8M).


Debt to Equity History and Analysis

Debt Level: BRI's debt to equity ratio (28.9%) is considered satisfactory.

Reducing Debt: BRI's debt to equity ratio has reduced from 38.9% to 28.9% over the past 5 years.

Debt Coverage: BRI's debt is well covered by operating cash flow (51.6%).

Interest Coverage: BRI's interest payments on its debt are well covered by EBIT (6.4x coverage).


Balance Sheet


Dividend

What is Big River Industries's current dividend yield, its reliability and sustainability?

2.94%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BRI's dividend (2.94%) is higher than the bottom 25% of dividend payers in the Australian market (2.34%).

High Dividend: BRI's dividend (2.94%) is low compared to the top 25% of dividend payers in the Australian market (5.42%).


Stability and Growth of Payments

Stable Dividend: BRI has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: BRI's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (216.9%), BRI's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BRI's dividends in 3 years are forecast to be well covered by earnings (49.9% payout ratio).


Next Steps

Management

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

12.2yrs

Average management tenure


CEO

Jim Bindon

16.67yrs

Tenure

AU$954,081

Compensation

Mr. James Bernard Bindon, also known as Jim, has been the Chief Executive Officer and Managing Director of Big River Industries Limited since 2005. Mr. Bindon served as the Chief Financial Officer and Comp...


CEO Compensation Analysis

Compensation vs Market: Jim's total compensation ($USD692.82K) is above average for companies of similar size in the Australian market ($USD281.32K).

Compensation vs Earnings: Jim's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: BRI's management team is seasoned and experienced (12.2 years average tenure).


Board Members

Experienced Board: BRI's board of directors are considered experienced (3.9 years average tenure).


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 29.1%.


Top Shareholders

Company Information

Big River Industries Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Big River Industries Limited
  • Ticker: BRI
  • Exchange: ASX
  • Founded: 2015
  • Industry: Forest Products
  • Sector: Materials
  • Market Cap: AU$164.475m
  • Shares outstanding: 80.63m
  • Website: https://bigriverindustries.com.au

Location

  • Big River Industries Limited
  • Trenayr Road
  • Junction Hill
  • New South Wales
  • 2460
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/23 16:01
End of Day Share Price2021/09/23 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.