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BLX

Beacon Lighting GroupASX:BLX Stock Report

Last Price

AU$2.92

Market Cap

AU$652.1m

7D

0.7%

1Y

78.0%

Updated

17 Jan, 2022

Data

Company Financials +
BLX fundamental analysis
Snowflake Score
Valuation1/6
Future Growth3/6
Past Performance5/6
Financial Health6/6
Dividends3/6

BLX Stock Overview

Beacon Lighting Group Limited retails lighting products in Australia and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for Beacon Lighting Group
Historical stock prices
Current Share PriceAU$2.92
52 Week HighAU$3.39
52 Week LowAU$1.61
Beta1.16
1 Month Change1.74%
3 Month Change20.17%
1 Year Change78.05%
3 Year Change149.57%
5 Year Change89.61%
Change since IPO175.47%

Recent News & Updates

Dec 27
Is There An Opportunity With Beacon Lighting Group Limited's (ASX:BLX) 23% Undervaluation?

Is There An Opportunity With Beacon Lighting Group Limited's (ASX:BLX) 23% Undervaluation?

In this article we are going to estimate the intrinsic value of Beacon Lighting Group Limited ( ASX:BLX ) by projecting...

Sep 04
Beacon Lighting Group's (ASX:BLX) Dividend Will Be Increased To AU$0.046

Beacon Lighting Group's (ASX:BLX) Dividend Will Be Increased To AU$0.046

The board of Beacon Lighting Group Limited ( ASX:BLX ) has announced that it will be increasing its dividend on the...

Aug 21
Beacon Lighting Group's (ASX:BLX) Dividend Will Be Increased To AU$0.046

Beacon Lighting Group's (ASX:BLX) Dividend Will Be Increased To AU$0.046

The board of Beacon Lighting Group Limited ( ASX:BLX ) has announced that it will be increasing its dividend on the...

Shareholder Returns

BLXAU Specialty RetailAU Market
7D0.7%2.0%0.5%
1Y78.0%8.2%10.3%

Return vs Industry: BLX exceeded the Australian Specialty Retail industry which returned 8.4% over the past year.

Return vs Market: BLX exceeded the Australian Market which returned 10.4% over the past year.

Price Volatility

Is BLX's price volatile compared to industry and market?
BLX volatility
BLX Average Weekly Movement8.5%
Specialty Retail Industry Average Movement5.3%
Market Average Movement8.4%
10% most volatile stocks in AU Market15.2%
10% least volatile stocks in AU Market3.6%

Stable Share Price: BLX is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: BLX's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19671,100Glen Robinsonhttps://www.beaconlightinggroup.com.au

Beacon Lighting Group Limited retails lighting products in Australia and internationally. The company designs, develops, sources, imports, distributes, merchandises, promotes, and sells light fittings, ceiling fans, and light globes, as well as energy products. It provides table and floor lamps, pendants, chandeliers, ceiling lights and fans, downlights, spotlights, bar lights, track lights, strips and cabinet lights, wall lights, bathroom lights, exteriors, LED lights, exhaust fans, bathroom heaters, wall fans, mammoth fans, air purifies, desk lights, garden lights, flush mounts, batten fixes, accessories, and solar panels.

Beacon Lighting Group Fundamentals Summary

How do Beacon Lighting Group's earnings and revenue compare to its market cap?
BLX fundamental statistics
Market CapAU$652.10m
Earnings (TTM)AU$37.63m
Revenue (TTM)AU$289.50m

17.3x

P/E Ratio

2.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BLX income statement (TTM)
RevenueAU$289.50m
Cost of RevenueAU$91.34m
Gross ProfitAU$198.15m
ExpensesAU$160.52m
EarningsAU$37.63m

Last Reported Earnings

Jun 27, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.17
Gross Margin68.45%
Net Profit Margin13.00%
Debt/Equity Ratio16.9%

How did BLX perform over the long term?

See historical performance and comparison

Dividends

3.0%

Current Dividend Yield

52%

Payout Ratio

Valuation

Is Beacon Lighting Group undervalued compared to its fair value and its price relative to the market?

17.33x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BLX (A$2.92) is trading above our estimate of fair value (A$2.32)

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


Price To Earnings Ratio

PE vs Industry: BLX is poor value based on its PE Ratio (17.3x) compared to the Australian Specialty Retail industry average (11.4x).

PE vs Market: BLX is good value based on its PE Ratio (17.3x) compared to the Australian market (19.3x).


Price to Earnings Growth Ratio

PEG Ratio: BLX is poor value based on its PEG Ratio (4.8x)


Price to Book Ratio

PB vs Industry: BLX is overvalued based on its PB Ratio (5.8x) compared to the AU Specialty Retail industry average (3.6x).


Future Growth

How is Beacon Lighting Group forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

3.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BLX's forecast earnings growth (3.6% per year) is above the savings rate (1.9%).

Earnings vs Market: BLX's earnings (3.6% per year) are forecast to grow slower than the Australian market (11.3% per year).

High Growth Earnings: BLX's earnings are forecast to grow, but not significantly.

Revenue vs Market: BLX's revenue (6.9% per year) is forecast to grow faster than the Australian market (4.9% per year).

High Growth Revenue: BLX's revenue (6.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BLX's Return on Equity is forecast to be high in 3 years time (23.1%)


Past Performance

How has Beacon Lighting Group performed over the past 5 years?

13.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BLX has high quality earnings.

Growing Profit Margin: BLX's current net profit margins (13%) are higher than last year (8.8%).


Past Earnings Growth Analysis

Earnings Trend: BLX's earnings have grown by 13.9% per year over the past 5 years.

Accelerating Growth: BLX's earnings growth over the past year (69.5%) exceeds its 5-year average (13.9% per year).

Earnings vs Industry: BLX earnings growth over the past year (69.5%) underperformed the Specialty Retail industry 91.8%.


Return on Equity

High ROE: BLX's Return on Equity (33.6%) is considered high.


Financial Health

How is Beacon Lighting Group's financial position?


Financial Position Analysis

Short Term Liabilities: BLX's short term assets (A$110.9M) exceed its short term liabilities (A$79.2M).

Long Term Liabilities: BLX's short term assets (A$110.9M) exceed its long term liabilities (A$98.6M).


Debt to Equity History and Analysis

Debt Level: BLX has more cash than its total debt.

Reducing Debt: BLX's debt to equity ratio has reduced from 34.6% to 16.9% over the past 5 years.

Debt Coverage: BLX's debt is well covered by operating cash flow (322.9%).

Interest Coverage: BLX's interest payments on its debt are well covered by EBIT (10.4x coverage).


Balance Sheet


Dividend

What is Beacon Lighting Group current dividend yield, its reliability and sustainability?

3.01%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BLX's dividend (3.01%) is higher than the bottom 25% of dividend payers in the Australian market (2.18%).

High Dividend: BLX's dividend (3.01%) is low compared to the top 25% of dividend payers in the Australian market (5.39%).


Stability and Growth of Payments

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

Growing Dividend: BLX's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (52%), BLX's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BLX's dividends in 3 years are forecast to be covered by earnings (55.6% payout ratio).


Next Steps

Management

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

7.9yrs

Average board tenure


CEO

Glen Robinson (39 yo)

8.5yrs

Tenure

AU$681,290

Compensation

Mr. Glen Robinson has been the Chief Executive Officer at Beacon Lighting Group Limited since July 2013. Mr. Robinson has a strong understanding of all aspects of the business with a particular passion for...


CEO Compensation Analysis

Compensation vs Market: Glen's total compensation ($USD492.23K) is below average for companies of similar size in the Australian market ($USD745.16K).

Compensation vs Earnings: Glen's compensation has increased by more than 20% in the past year.


Board Members

Experienced Board: BLX's board of directors are considered experienced (7.9 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Beacon Lighting Group Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Beacon Lighting Group Limited
  • Ticker: BLX
  • Exchange: ASX
  • Founded: 1967
  • Industry: Home Improvement Retail
  • Sector: Retail
  • Implied Market Cap: AU$652.099m
  • Shares outstanding: 223.32m
  • Website: https://www.beaconlightinggroup.com.au

Number of Employees


Location

  • Beacon Lighting Group Limited
  • 5 Bastow Place
  • Mulgrave
  • Victoria
  • 3170
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/17 16:36
End of Day Share Price2022/01/17 00:00
Earnings2021/06/27
Annual Earnings2021/06/27


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.