Beacon Lighting Group Limited

ASX:BLX Stock Report

Mkt Cap: AU$359.4m

We’ve recently updated our valuation analysis.

Beacon Lighting Group Valuation

Is BLX undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BLX?

Other financial metrics that can be useful for relative valuation.

BLX key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.5x
Enterprise Value/EBITDA7.3x
PEG Ratio6.6x

Price to Earnings Ratio vs Peers

How does BLX's PE Ratio compare to its peers?

The above table shows the PE ratio for BLX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average9.5x
MHJ Michael Hill International
7.5x-4.6%AU$358.8m
ASG Autosports Group
6.5x-10.0%AU$414.7m
PWR Peter Warren Automotive Holdings
6.9x-9.5%AU$434.3m
BBN Baby Bunting Group
17.1x28.7%AU$245.5m
BLX Beacon Lighting Group
8.9x-0.7%AU$359.4m

Price-To-Earnings vs Peers: BLX is good value based on its Price-To-Earnings Ratio (8.9x) compared to the peer average (9.5x).

Price to Earnings Ratio vs Industry

How does BLX's PE Ratio compare vs other companies in the AU Specialty Retail Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a3.5%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a3.5%
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Price-To-Earnings vs Industry: BLX is expensive based on its Price-To-Earnings Ratio (8.9x) compared to the Australian Specialty Retail industry average (8.7x)

Price to Earnings Ratio vs Fair Ratio

What is BLX's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BLX PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.2x
Fair PE Ratio9.1x

Price-To-Earnings vs Fair Ratio: BLX is good value based on its Price-To-Earnings Ratio (8.9x) compared to the estimated Fair Price-To-Earnings Ratio (9.1x).

Share Price vs Fair Value

What is the Fair Price of BLX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BLX (A$1.56) is trading below our estimate of fair value (A$3.23)

Significantly Below Fair Value: BLX is trading below fair value by more than 20%.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BLX forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$1.60
AU$2.24
+39.8%
11.2%AU$2.60AU$1.90n/a6
May ’24AU$1.82
AU$2.30
+26.9%
9.5%AU$2.60AU$2.03n/a5
Apr ’24AU$1.72
AU$2.30
+34.0%
9.5%AU$2.60AU$2.03n/a5
Mar ’24AU$2.05
AU$2.27
+10.8%
9.3%AU$2.60AU$2.03n/a6
Feb ’24AU$2.38
AU$2.47
+3.7%
10.2%AU$2.87AU$2.11n/a6
Jan ’24AU$2.13
AU$2.45
+15.1%
10.3%AU$2.87AU$2.11n/a6
Dec ’23AU$2.06
AU$2.44
+18.2%
10.7%AU$2.87AU$2.11n/a6
Nov ’23AU$2.09
AU$2.44
+16.5%
10.7%AU$2.87AU$2.11n/a6
Oct ’23AU$1.93
AU$2.44
+26.2%
10.7%AU$2.87AU$2.11n/a6
Sep ’23AU$2.45
AU$2.44
-0.6%
10.7%AU$2.87AU$2.11n/a6
Aug ’23AU$2.20
AU$2.45
+11.4%
13.3%AU$3.00AU$2.00n/a5
Jul ’23AU$1.78
AU$2.80
+57.3%
13.6%AU$3.30AU$2.30n/a4
Jun ’23AU$2.08
AU$2.80
+34.6%
13.6%AU$3.30AU$2.30AU$1.594
May ’23AU$2.41
AU$3.00
+24.5%
8.5%AU$3.30AU$2.60AU$1.824
Apr ’23AU$2.81
AU$3.00
+6.8%
8.5%AU$3.30AU$2.60AU$1.724
Mar ’23AU$2.58
AU$3.00
+16.3%
8.5%AU$3.30AU$2.60AU$2.054
Feb ’23AU$2.77
AU$3.24
+16.9%
8.7%AU$3.55AU$2.80AU$2.384
Jan ’23AU$3.10
AU$2.28
-26.3%
2.7%AU$2.35AU$2.20AU$2.133
Dec ’22AU$2.63
AU$2.28
-13.2%
2.7%AU$2.35AU$2.20AU$2.063
Nov ’22AU$2.23
AU$2.28
+2.4%
2.7%AU$2.35AU$2.20AU$2.093
Oct ’22AU$2.20
AU$2.25
+2.3%
4.8%AU$2.35AU$2.10AU$1.933
Sep ’22AU$2.15
AU$2.25
+4.7%
4.8%AU$2.35AU$2.10AU$2.453
Aug ’22AU$1.70
AU$2.14
+25.9%
4.3%AU$2.21AU$2.01AU$2.203
Jul ’22AU$1.90
AU$2.14
+13.0%
4.2%AU$2.21AU$2.01AU$1.783
Jun ’22AU$1.95
AU$2.14
+9.8%
4.2%AU$2.21AU$2.01AU$2.083

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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