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BST

Best&Less Group HoldingsASX:BST Stock Report

Market Cap

AU$442.6m

7D

5.9%

1Y

n/a

Updated

19 Oct, 2021

Data

Company Financials +
BST fundamental analysis
Snowflake Score
Valuation4/6
Future Growth2/6
Past Performance2/6
Financial Health4/6
Dividends0/6

BST Overview

Best&Less Group Holdings Ltd retails clothing, footwear, and other goods for men, women, and kids.

Price History & Performance

Summary of all time highs, changes and price drops for Best&Less Group Holdings
Historical stock prices
Current Share PriceAU$3.40
52 Week HighAU$2.16
52 Week LowAU$3.60
Beta0
1 Month Change6.58%
3 Month Changen/a
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO41.67%

Recent News & Updates

Shareholder Returns

BSTAU Specialty RetailAU Market
7D5.9%1.9%1.7%
1Yn/a24.7%20.2%

Return vs Industry: Insufficient data to determine how BST performed against the Australian Specialty Retail industry.

Return vs Market: Insufficient data to determine how BST performed against the Australian Market.

Price Volatility

Is BST's price volatile compared to industry and market?
BST volatility
BST Beta0
Industry Beta1.2
Market Beta1

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

Volatility Over Time: Insufficient data to determine BST's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
1965n/aRod Orrockhttps://www.bestandless.com.au

Best&Less Group Holdings Ltd retails clothing, footwear, and other goods for men, women, and kids. The company provides underwear, lingerie and sleepwear, denim, accessories, activewear, health and beauty products, jackets and knitwear, jeans and jeggings, jumpers and hoodies, pants and leggings, shoes, shorts and skirts, tops and T-shirts, bodysuits, sweatpants and trackpants, rompers, wraps, socks, and workwear, as well as maternity products. It also offers blankets and throws; sports products; bathroom and kitchen products, and beach towels; lunch boxes, toys, and water bottles; and hair accessories, hand sanitizers, face masks, lip balms, band aids, and bandages.

Best&Less Group Holdings Fundamentals Summary

How do Best&Less Group Holdings's earnings and revenue compare to its market cap?
BST fundamental statistics
Market CapAU$442.65m
Earnings (TTM)AU$88.61m
Revenue (TTM)AU$628.44m

5.0x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BST income statement (TTM)
RevenueAU$628.44m
Cost of RevenueAU$323.74m
Gross ProfitAU$304.70m
ExpensesAU$216.09m
EarningsAU$88.61m

Last Reported Earnings

Jun 27, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.68
Gross Margin48.49%
Net Profit Margin14.10%
Debt/Equity Ratio0%

How did BST perform over the long term?

See historical performance and comparison

Valuation

Is Best&Less Group Holdings undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BST (A$3.4) is trading below our estimate of fair value (A$9.54)

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


Price To Earnings Ratio

PE vs Industry: BST is good value based on its PE Ratio (5x) compared to the Australian Specialty Retail industry average (11.2x).

PE vs Market: BST is good value based on its PE Ratio (5x) compared to the Australian market (19.9x).


Price to Earnings Growth Ratio

PEG Ratio: BST's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: BST is overvalued based on its PB Ratio (10.3x) compared to the AU Specialty Retail industry average (3.8x).


Future Growth

How is Best&Less Group Holdings forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-16.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BST's earnings are forecast to decline over the next 3 years (-16.4% per year).

Earnings vs Market: BST's earnings are forecast to decline over the next 3 years (-16.4% per year).

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

Revenue vs Market: BST's revenue (5.6% per year) is forecast to grow faster than the Australian market (5.4% per year).

High Growth Revenue: BST's revenue (5.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BST's Return on Equity is forecast to be very high in 3 years time (46%).


Past Performance

How has Best&Less Group Holdings performed over the past 5 years?

0.6%

Last years revenue growth


Earnings and Revenue History

Quality Earnings: BST has a large one-off gain of A$60.4M impacting its June 27 2021 financial results.

Growing Profit Margin: BST became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if BST's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: BST has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: BST has become profitable in the last year, making it difficult to compare its past year earnings growth to the Specialty Retail industry (91.8%).


Return on Equity

High ROE: BST's Return on Equity (205.5%) is considered outstanding.


Financial Health

How is Best&Less Group Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: BST's short term assets (A$122.2M) do not cover its short term liabilities (A$134.5M).

Long Term Liabilities: BST's short term assets (A$122.2M) do not cover its long term liabilities (A$165.3M).


Debt to Equity History and Analysis

Debt Level: BST is debt free.

Reducing Debt: BST has not had any debt for past 5 years.

Debt Coverage: BST has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: BST has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Best&Less Group Holdings's current dividend yield, its reliability and sustainability?

6.23%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate BST's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BST's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BST's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BST's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: BST is not paying a notable dividend for the Australian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BST's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

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

4.8yrs

Average management tenure


CEO

Rod Orrock

5.75yrs

Tenure

Mr. Rodney Orrock, also known as Rod, is Chief Executive Officer of Best&Less Group Holdings Ltd. since joined in 2016. He served as Director of Buying and Marketing at Dick Smith Holdings Limited from May...


Leadership Team

Experienced Management: BST's management team is considered experienced (4.8 years average tenure).


Board Members

Experienced Board: BST's board of directors are not considered experienced ( 0.3 years average tenure), which suggests a new board.


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: BST only recently listed within the past 12 months.


Top Shareholders

Company Information

Best&Less Group Holdings Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: Best&Less Group Holdings Ltd
  • Ticker: BST
  • Exchange: ASX
  • Founded: 1965
  • Industry: Apparel Retail
  • Sector: Retail
  • Market Cap: AU$442.648m
  • Shares outstanding: 130.19m
  • Website: https://www.bestandless.com.au

Location

  • Best&Less Group Holdings Ltd
  • 657-673 Parramatta Road
  • Leichhardt
  • New South Wales
  • 2040
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/19 15:46
End of Day Share Price2021/10/19 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.