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BLX

Beacon Lighting Group ASX:BLX Stock Report

Last Price

AU$2.34

Market Cap

AU$522.6m

7D

-0.4%

1Y

30.0%

Updated

10 Aug, 2022

Data

Company Financials +
BLX fundamental analysis
Snowflake Score
Valuation3/6
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.

Beacon Lighting Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Beacon Lighting Group
Historical stock prices
Current Share PriceAU$2.34
52 Week HighAU$3.39
52 Week LowAU$1.66
Beta1.41
1 Month Change23.48%
3 Month Change14.15%
1 Year Change30.00%
3 Year Change136.36%
5 Year Change91.80%
Change since IPO120.76%

Recent News & Updates

Jul 30
What Does Beacon Lighting Group Limited's (ASX:BLX) Share Price Indicate?

What Does Beacon Lighting Group Limited's (ASX:BLX) Share Price Indicate?

While Beacon Lighting Group Limited ( ASX:BLX ) might not be the most widely known stock at the moment, it saw a...

Jul 07
Beacon Lighting Group's (ASX:BLX) Returns On Capital Not Reflecting Well On The Business

Beacon Lighting Group's (ASX:BLX) Returns On Capital Not Reflecting Well On The Business

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Typically...

Jun 15
Here's Why Beacon Lighting Group (ASX:BLX) Can Manage Its Debt Responsibly

Here's Why Beacon Lighting Group (ASX:BLX) Can Manage Its Debt Responsibly

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...

Shareholder Returns

BLXAU Specialty RetailAU Market
7D-0.4%3.2%1.1%
1Y30.0%-18.1%-8.1%

Return vs Industry: BLX exceeded the Australian Specialty Retail industry which returned -18.1% over the past year.

Return vs Market: BLX exceeded the Australian Market which returned -8.1% over the past year.

Price Volatility

Is BLX's price volatile compared to industry and market?
BLX volatility
BLX Average Weekly Movement8.2%
Specialty Retail Industry Average Movement6.6%
Market Average Movement10.5%
10% most volatile stocks in AU Market17.8%
10% least volatile stocks in AU Market4.7%

Stable Share Price: BLX is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: BLX's weekly volatility (8%) 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$522.57m
Earnings (TTM)AU$38.03m
Revenue (TTM)AU$289.29m

13.7x

P/E Ratio

1.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BLX income statement (TTM)
RevenueAU$289.29m
Cost of RevenueAU$88.95m
Gross ProfitAU$200.35m
Other ExpensesAU$162.31m
EarningsAU$38.03m

Last Reported Earnings

Dec 26, 2021

Next Earnings Date

Aug 18, 2022

Earnings per share (EPS)0.17
Gross Margin69.25%
Net Profit Margin13.15%
Debt/Equity Ratio16.8%

How did BLX perform over the long term?

See historical performance and comparison

Dividends

3.8%

Current Dividend Yield

52%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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/Revenue2.2x
Enterprise Value/EBITDA9.8x
PEG Ratio4.3x

Price to Earnings Ratio vs Peers

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

BLX PE Ratio vs 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 Average16.5x
ASG Autosports Group
9x-6.0%AU$413.7m
PWR Peter Warren Automotive Holdings
10.7x-3.8%AU$430.9m
BBN Baby Bunting Group
35.1x27.8%AU$646.4m
ADH Adairs
11.2x14.5%AU$421.4m
BLX Beacon Lighting Group
13.7x3.2%AU$522.6m

Price-To-Earnings vs Peers: BLX is good value based on its Price-To-Earnings Ratio (13.7x) compared to the peer average (16.5x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: BLX is expensive based on its Price-To-Earnings Ratio (13.7x) compared to the Australian Specialty Retail industry average (10.5x)


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 Ratio13.7x
Fair PE Ratio12.9x

Price-To-Earnings vs Fair Ratio: BLX is expensive based on its Price-To-Earnings Ratio (13.7x) compared to the estimated Fair Price-To-Earnings Ratio (12.9x).


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$2.34) is trading below our estimate of fair value (A$4.65)

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?

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

How is Beacon Lighting Group forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


3.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BLX's forecast earnings growth (3.2% per year) is above the savings rate (1.8%).

Earnings vs Market: BLX's earnings (3.2% per year) are forecast to grow slower than the Australian market (6.2% per year).

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

Revenue vs Market: BLX's revenue (7.7% per year) is forecast to grow faster than the Australian market (5.8% per year).

High Growth Revenue: BLX's revenue (7.7% 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 (21.5%)


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Past Performance

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

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


18.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BLX has high quality earnings.

Growing Profit Margin: BLX's current net profit margins (13.1%) are higher than last year (11.3%).


Past Earnings Growth Analysis

Earnings Trend: BLX's earnings have grown by 18.4% per year over the past 5 years.

Accelerating Growth: BLX's earnings growth over the past year (20.1%) exceeds its 5-year average (18.4% per year).

Earnings vs Industry: BLX earnings growth over the past year (20.1%) underperformed the Specialty Retail industry 22.8%.


Return on Equity

High ROE: BLX's Return on Equity (30.6%) is considered high.


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Financial Health

How is Beacon Lighting Group's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: BLX's short term assets (A$127.4M) exceed its short term liabilities (A$91.9M).

Long Term Liabilities: BLX's short term assets (A$127.4M) exceed its long term liabilities (A$102.4M).


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 35.6% to 16.8% over the past 5 years.

Debt Coverage: BLX's debt is well covered by operating cash flow (256.4%).

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


Balance Sheet


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Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


3.80%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: BLX's dividend (3.8%) is higher than the bottom 25% of dividend payers in the Australian market (2.64%).

High Dividend: BLX's dividend (3.8%) is low compared to the top 25% of dividend payers in the Australian market (6.4%).


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 8 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (52.2%), BLX's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (46.2%), BLX's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

8.5yrs

Average board tenure


CEO

Glen Robinson (40 yo)

9.08yrs

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 ($USD474.83K) is below average for companies of similar size in the Australian market ($USD771.05K).

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 (8.5 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$522.572m
  • 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 Analysis2022/08/10 00:00
End of Day Share Price2022/08/10 00:00
Earnings2021/12/26
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.