Executive Summary
Beacon Lighting Group Limited operates as a specialist retailer of lighting products in Australia and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Solid track record with excellent balance sheet.
Share Price & News
How has Beacon Lighting Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BLX is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: BLX's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
0%
BLX
1.9%
AU Specialty Retail
1.7%
AU Market
1 Year Return
13.3%
BLX
16.0%
AU Specialty Retail
-1.6%
AU Market
Return vs Industry: BLX underperformed the Australian Specialty Retail industry which returned 16% over the past year.
Return vs Market: BLX exceeded the Australian Market which returned -1.6% over the past year.
Shareholder returns
| BLX | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | 1.9% | 1.7% |
| 30 Day | -8.1% | 2.3% | 9.5% |
| 90 Day | 8.4% | 8.3% | 9.2% |
| 1 Year | 18.8%13.3% | 19.9%16.0% | 1.8%-1.6% |
| 3 Year | 5.3%-6.5% | 76.4%54.6% | 24.8%9.2% |
| 5 Year | -13.5%-27.5% | 82.1%44.9% | 56.1%25.0% |
Long-Term Price Volatility Vs. Market
How volatile is Beacon Lighting Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Beacon Lighting Group Limited (ASX:BLX) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future?3 weeks ago | Simply Wall St
Here's What Beacon Lighting Group Limited's (ASX:BLX) Shareholder Ownership Structure Looks Like4 months ago | Simply Wall St
Has Beacon Lighting Group Limited's (ASX:BLX) Impressive Stock Performance Got Anything to Do With Its Fundamentals?Valuation
Is Beacon Lighting Group undervalued compared to its fair value and its price relative to the market?
28.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BLX (A$1.36) is trading below our estimate of fair value (A$1.91)
Significantly Below Fair Value: BLX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BLX is good value based on its PE Ratio (13.5x) compared to the AU Specialty Retail industry average (17.9x).
PE vs Market: BLX is good value based on its PE Ratio (13.5x) compared to the Australian market (22.6x).
Price to Earnings Growth Ratio
PEG Ratio: BLX is poor value based on its PEG Ratio (6.5x)
Price to Book Ratio
PB vs Industry: BLX is overvalued based on its PB Ratio (3.5x) compared to the AU Specialty Retail industry average (2.7x).
Next Steps
Future Growth
How is Beacon Lighting Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
2.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BLX's forecast earnings growth (2.1% per year) is below the savings rate (2.3%).
Earnings vs Market: BLX's earnings (2.1% per year) are forecast to grow slower than the Australian market (17.8% per year).
High Growth Earnings: BLX's earnings are forecast to grow, but not significantly.
Revenue vs Market: BLX's revenue (4.1% per year) is forecast to grow slower than the Australian market (5% per year).
High Growth Revenue: BLX's revenue (4.1% 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 (22.5%)
Next Steps
Past Performance
How has Beacon Lighting Group performed over the past 5 years?
1.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BLX has a large one-off gain of A$7.8M impacting its June 30 2020 financial results.
Growing Profit Margin: BLX's current net profit margins (8.8%) are higher than last year (6.5%).
Past Earnings Growth Analysis
Earnings Trend: BLX's earnings have grown by 1.6% per year over the past 5 years.
Accelerating Growth: BLX's earnings growth over the past year (38.5%) exceeds its 5-year average (1.6% per year).
Earnings vs Industry: BLX earnings growth over the past year (38.5%) exceeded the Specialty Retail industry -0.04%.
Return on Equity
High ROE: BLX's Return on Equity (25.6%) is considered high.
Next Steps
Financial Health
How is Beacon Lighting Group's financial position?
Financial Position Analysis
Short Term Liabilities: BLX's short term assets (A$118.1M) exceed its short term liabilities (A$76.0M).
Long Term Liabilities: BLX's short term assets (A$118.1M) exceed its long term liabilities (A$104.3M).
Debt to Equity History and Analysis
Debt Level: BLX's debt to equity ratio (35.6%) is considered satisfactory.
Reducing Debt: BLX's debt to equity ratio has increased from 35% to 35.6% over the past 5 years.
Debt Coverage: BLX's debt is well covered by operating cash flow (178.6%).
Interest Coverage: BLX's interest payments on its debt are well covered by EBIT (4.9x coverage).
Balance Sheet
Next Steps
Dividend
What is Beacon Lighting Group current dividend yield, its reliability and sustainability?
3.68%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BLX's dividend (3.68%) is higher than the bottom 25% of dividend payers in the Australian market (2.06%).
High Dividend: BLX's dividend (3.68%) is low compared to the top 25% of dividend payers in the Australian market (5.1%).
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 6 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (49.5%), BLX's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BLX's dividends in 3 years are forecast to be covered by earnings (53.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.8yrs
Average board tenure
CEO
Glen Robinson (38 yo)
7.33yrs
Tenure
AU$519,137
Compensation
Mr. Glen Robinson has been the Chief Executive Officer at Beacon Lighting Group Limited since July 2013. Mr. Robinson has a strong understanding of all aspects of the business with a particular passion for...
CEO Compensation Analysis
Compensation vs Market: Glen's total compensation ($USD382.11K) is about average for companies of similar size in the Australian market ($USD520.59K).
Compensation vs Earnings: Glen's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 7.33yrs | AU$197.18k | 55.34% A$ 160.7m | |
| CEO & Director | 7.33yrs | AU$519.14k | 0.077% A$ 224.8k | |
| Independent Non-Executive Director | 6.75yrs | AU$100.00k | 0.13% A$ 390.0k | |
| Independent Deputy Chairman | no data | AU$110.00k | 0.090% A$ 260.0k |
6.8yrs
Average Tenure
66.5yo
Average Age
Experienced Board: BLX's board of directors are considered experienced (6.8 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 company bio, 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
- Market Cap: AU$290.318m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BLX | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Apr 2014 |
| BLX | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Apr 2014 |
Biography
Beacon Lighting Group Limited operates as a specialist retailer of lighting products in Australia and internationally. It designs, develops, sources, imports, distributes, merchandises, promotes, and sells...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/27 07:02 |
| End of Day Share Price | 2020/11/27 00:00 |
| Earnings | 2020/06/30 |
| 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.