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BLX

Beacon Lighting Group ASX:BLX Stock Report

Last Price

AU$1.93

Market Cap

AU$431.0m

7D

-12.3%

1Y

-12.3%

Updated

01 Oct, 2022

Data

Company Financials +

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$1.93
52 Week HighAU$3.39
52 Week LowAU$1.66
Beta1.39
1 Month Change-21.22%
3 Month Change8.43%
1 Year Change-12.27%
3 Year Change64.26%
5 Year Change22.93%
Change since IPO82.08%

Recent News & Updates

Sep 28
Should You Be Adding Beacon Lighting Group (ASX:BLX) To Your Watchlist Today?

Should You Be Adding Beacon Lighting Group (ASX:BLX) To Your Watchlist Today?

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...

Aug 21
Beacon Lighting Group (ASX:BLX) Is Paying Out A Larger Dividend Than Last Year

Beacon Lighting Group (ASX:BLX) Is Paying Out A Larger Dividend Than Last Year

Beacon Lighting Group Limited's ( ASX:BLX ) periodic dividend will be increasing on the 20th of September to A$0.05...

Shareholder Returns

BLXAU Specialty RetailAU Market
7D-12.3%-2.1%-1.7%
1Y-12.3%-23.6%-10.8%

Return vs Industry: BLX exceeded the Australian Specialty Retail industry which returned -23.6% over the past year.

Return vs Market: BLX underperformed the Australian Market which returned -10.8% over the past year.

Price Volatility

Is BLX's price volatile compared to industry and market?
BLX volatility
BLX Average Weekly Movement9.2%
Specialty Retail Industry Average Movement7.1%
Market Average Movement9.4%
10% most volatile stocks in AU Market16.5%
10% least volatile stocks in AU Market4.2%

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 pendant, track, bathroom, outdoor, garden, solar, security and sensor, deck, LED lighting products; and ceiling, down, spot & bar, strip & cabinet, and interior wall lights, as well as lamps.

Beacon Lighting Group Fundamentals Summary

How do Beacon Lighting Group's earnings and revenue compare to its market cap?
BLX fundamental statistics
Market CapAU$431.01m
Earnings (TTM)AU$40.73m
Revenue (TTM)AU$305.07m

10.6x

P/E Ratio

1.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BLX income statement (TTM)
RevenueAU$305.07m
Cost of RevenueAU$93.93m
Gross ProfitAU$211.14m
Other ExpensesAU$170.42m
EarningsAU$40.73m

Last Reported Earnings

Jun 26, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.18
Gross Margin69.21%
Net Profit Margin13.35%
Debt/Equity Ratio14.6%

How did BLX perform over the long term?

See historical performance and comparison

Dividends

4.8%

Current Dividend Yield

51%

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

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/Revenue1.8x
Enterprise Value/EBITDA8x
PEG Ratio-10.6x

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 Average12.9x
PWR Peter Warren Automotive Holdings
8x-4.7%AU$451.5m
BBN Baby Bunting Group
25.6x22.2%AU$500.7m
ASG Autosports Group
8x-3.4%AU$428.7m
MHJ Michael Hill International
9.8x4.4%AU$458.9m
BLX Beacon Lighting Group
10.6x-1.0%AU$431.0m

Price-To-Earnings vs Peers: BLX is good value based on its Price-To-Earnings Ratio (10.6x) compared to the peer average (12.9x).


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 (10.6x) compared to the Australian Specialty Retail industry average (9.3x)


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 Ratio10.6x
Fair PE Ratio11.6x

Price-To-Earnings vs Fair Ratio: BLX is good value based on its Price-To-Earnings Ratio (10.6x) compared to the estimated Fair Price-To-Earnings Ratio (11.6x).


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$1.93) is trading below our estimate of fair value (A$4.94)

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


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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 6 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-1.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BLX's earnings are forecast to decline over the next 3 years (-1% per year).

Earnings vs Market: BLX's earnings are forecast to decline over the next 3 years (-1% per year).

High Growth Earnings: BLX's earnings are forecast to decline over the next 3 years.

Revenue vs Market: BLX's revenue (4.8% per year) is forecast to grow faster than the Australian market (3.7% per year).

High Growth Revenue: BLX's revenue (4.8% 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 (21.7%)


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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


20.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BLX has high quality earnings.

Growing Profit Margin: BLX's current net profit margins (13.3%) are higher than last year (13%).


Past Earnings Growth Analysis

Earnings Trend: BLX's earnings have grown significantly by 20.6% per year over the past 5 years.

Accelerating Growth: BLX's earnings growth over the past year (8.3%) is below its 5-year average (20.6% per year).

Earnings vs Industry: BLX earnings growth over the past year (8.3%) exceeded the Specialty Retail industry -0.5%.


Return on Equity

High ROE: BLX's Return on Equity (30.4%) 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$131.8M) exceed its short term liabilities (A$88.9M).

Long Term Liabilities: BLX's short term assets (A$131.8M) exceed its long term liabilities (A$99.5M).


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 45.3% to 14.6% over the past 5 years.

Debt Coverage: BLX's debt is well covered by operating cash flow (267.9%).

Interest Coverage: BLX's interest payments on its debt are well covered by EBIT (11x 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


4.82%

Current Dividend Yield

Dividend Yield vs Market

Beacon Lighting Group Dividend Yield vs Market
How does Beacon Lighting Group dividend yield compare to the market?
SegmentDividend Yield
Company (Beacon Lighting Group)4.8%
Market Bottom 25% (AU)2.8%
Market Top 25% (AU)7.2%
Industry Average (Specialty Retail)6.4%
Analyst forecast in 3 Years (Beacon Lighting Group)4.5%

Notable Dividend: BLX's dividend (4.82%) is higher than the bottom 25% of dividend payers in the Australian market (2.8%).

High Dividend: BLX's dividend (4.82%) is low compared to the top 25% of dividend payers in the Australian market (7.16%).


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 (51%), BLX's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (48.5%), 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?

8.6yrs

Average board tenure


CEO

Glen Robinson (40 yo)

8.58yrs

Tenure

AU$669,408

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

Glen Robinson's Compensation vs Beacon Lighting Group Earnings
How has Glen Robinson's remuneration changed compared to Beacon Lighting Group's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 26 2022AU$669kAU$398k

AU$41m

Mar 26 2022n/an/a

AU$39m

Dec 26 2021n/an/a

AU$38m

Sep 26 2021n/an/a

AU$38m

Jun 27 2021AU$681kAU$382k

AU$38m

Mar 27 2021n/an/a

AU$35m

Dec 27 2020n/an/a

AU$32m

Sep 27 2020n/an/a

AU$27m

Jun 28 2020AU$519kAU$346k

AU$22m

Mar 28 2020n/an/a

AU$20m

Dec 29 2019n/an/a

AU$17m

Sep 29 2019n/an/a

AU$17m

Jun 30 2019AU$474kAU$357k

AU$16m

Mar 31 2019n/an/a

AU$18m

Dec 23 2018n/an/a

AU$20m

Sep 23 2018n/an/a

AU$20m

Jun 24 2018AU$520kAU$352k

AU$20m

Mar 24 2018n/an/a

AU$19m

Dec 24 2017n/an/a

AU$18m

Sep 24 2017n/an/a

AU$18m

Jun 25 2017n/an/a

AU$17m

Mar 25 2017n/an/a

AU$17m

Dec 25 2016n/an/a

AU$17m

Sep 25 2016n/an/a

AU$17m

Compensation vs Market: Glen's total compensation ($USD431.26K) is below average for companies of similar size in the Australian market ($USD618.04K).

Compensation vs Earnings: Glen's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: BLX's board of directors are considered experienced (8.6 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

ASX:BLX Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
10 Mar 22BuyAU$7,058,964Pendal Group LimitedCompany2,921,355AU$2.42
09 Mar 22SellAU$389,323Pendal Group LimitedCompany157,606AU$2.67
12 Oct 21SellAU$3,417,699Moelis Australia Asset Management LtdCompany1,518,435AU$2.25

Ownership Breakdown

What is the ownership structure of BLX?
Owner TypeNumber of SharesOwnership Percentage
Private Companies3,855,8291.7%
Institutions35,791,56416.0%
General Public56,451,94725.3%
Individual Insiders127,222,06657.0%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 74.52% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
55.34%
Ian Robinson
123,579,712A$238.5m0.2%no data
5.3%
Pendal Group Limited
11,846,777A$22.9m0%0.14%
4.94%
Moelis Australia Asset Management Ltd
11,023,298A$21.3m0%9.07%
4.83%
First Sentier Investors (Australia) IM Ltd
10,795,246A$20.8m0%0.03%
0.78%
Reliable Business Co Ltd
1,750,399A$3.4m4.47%no data
0.35%
Kja Holdings Pty Ltd
782,739A$1.5m-47.21%no data
0.3%
WisdomTree Asset Management, Inc.
680,708A$1.3m1.07%0.01%
0.28%
Dimensional Fund Advisors LP
625,119A$1.2m0.01%no data
0.27%
Peter Evans
593,000A$1.1m5.7%no data
0.22%
Blue Boat Holdings Pty Ltd
500,000A$965.0k31.58%no data
0.21%
Carinda Pty Ltd
478,000A$922.5k0%no data
0.19%
Alistair Campbell
433,775A$837.2k6.56%no data
0.17%
Philip Warren
389,000A$750.8k0%no data
0.15%
Hayborough Investment Partners
328,036A$633.1k0%no data
0.13%
Wayne Wode
300,000A$579.0k0%no data
0.13%
HGT Investments Pty. Ltd
300,000A$579.0k0%no data
0.13%
Neil Osborne
300,000A$579.0k0%no data
0.13%
Morgan Stanley, Investment Banking and Brokerage Investments
285,936A$551.9k0%no data
0.11%
Eric Barr
250,000A$482.5k0%no data
0.11%
Gillian Ritchie
250,000A$482.5k0%no data
0.11%
David Ritchie
250,000A$482.5k0%no data
0.096%
Glen Robinson
215,205A$415.3k61.9%no data
0.071%
Sandra Pearce
157,500A$304.0k0%no data
0.071%
John Pearce
157,500A$304.0k0%no data
0.065%
Barry Martens
146,220A$282.2k0%no data

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$431.010m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BLXASX (Australian Securities Exchange)YesOrdinary SharesAUAUDApr 2014
BLXCHIA (Chi-X Australia)YesOrdinary SharesAUAUDApr 2014

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/01 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/26
Annual Earnings2022/06/26


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.