Executive Summary
Bravura Solutions Limited provides enterprise software and software-as-a-service (SaaS) to the wealth management, life insurance, and funds administration markets in Australia, New Zealand, the United Kingdom, and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and fair value.
Similar Companies
Share Price & News
How has Bravura Solutions's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BVS is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: BVS's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-0.3%
BVS
-3.5%
AU Software
-0.3%
AU Market
1 Year Return
-48.8%
BVS
19.7%
AU Software
-1.6%
AU Market
Return vs Industry: BVS underperformed the Australian Software industry which returned 19.7% over the past year.
Return vs Market: BVS underperformed the Australian Market which returned -1.6% over the past year.
Shareholder returns
| BVS | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.3% | -3.5% | -0.3% |
| 30 Day | -15.0% | -7.9% | 1.5% |
| 90 Day | -13.2% | -0.3% | 9.2% |
| 1 Year | -47.3%-48.8% | 20.6%19.7% | 1.7%-1.6% |
| 3 Year | 50.4%38.9% | 102.1%95.2% | 26.2%10.7% |
| 5 Year | n/a | 167.9%163.8% | 68.7%35.5% |
Long-Term Price Volatility Vs. Market
How volatile is Bravura Solutions's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall St
Why Bravura Solutions' (ASX:BVS) CEO Pay Matters2 weeks ago | Simply Wall St
What We Make Of Bravura Solutions' (ASX:BVS) Returns On Capital4 weeks ago | Simply Wall St
Should You Rely On Bravura Solutions's (ASX:BVS) Earnings Growth?Valuation
Is Bravura Solutions undervalued compared to its fair value and its price relative to the market?
17.56x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BVS (A$2.89) is trading above our estimate of fair value (A$2.23)
Significantly Below Fair Value: BVS is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BVS is good value based on its PE Ratio (17.6x) compared to the AU Software industry average (32.2x).
PE vs Market: BVS is good value based on its PE Ratio (17.6x) compared to the Australian market (22.6x).
Price to Earnings Growth Ratio
PEG Ratio: BVS is poor value based on its PEG Ratio (2.2x)
Price to Book Ratio
PB vs Industry: BVS is good value based on its PB Ratio (2.3x) compared to the AU Software industry average (5.2x).
Next Steps
Future Growth
How is Bravura Solutions forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
8.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BVS's forecast earnings growth (8.1% per year) is above the savings rate (2%).
Earnings vs Market: BVS's earnings (8.1% per year) are forecast to grow slower than the Australian market (18.1% per year).
High Growth Earnings: BVS's earnings are forecast to grow, but not significantly.
Revenue vs Market: BVS's revenue (5.1% per year) is forecast to grow slower than the Australian market (5.1% per year).
High Growth Revenue: BVS's revenue (5.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BVS's Return on Equity is forecast to be low in 3 years time (14.2%).
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Past Performance
How has Bravura Solutions performed over the past 5 years?
66.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BVS has a high level of non-cash earnings.
Growing Profit Margin: BVS's current net profit margins (14.6%) are higher than last year (12.7%).
Past Earnings Growth Analysis
Earnings Trend: BVS has become profitable over the past 5 years, growing earnings by 66% per year.
Accelerating Growth: BVS's earnings growth over the past year (22.2%) is below its 5-year average (66% per year).
Earnings vs Industry: BVS earnings growth over the past year (22.2%) exceeded the Software industry 21%.
Return on Equity
High ROE: BVS's Return on Equity (12.9%) is considered low.
Next Steps
Financial Health
How is Bravura Solutions's financial position?
Financial Position Analysis
Short Term Liabilities: BVS's short term assets (A$164.8M) exceed its short term liabilities (A$74.4M).
Long Term Liabilities: BVS's short term assets (A$164.8M) exceed its long term liabilities (A$49.6M).
Debt to Equity History and Analysis
Debt Level: BVS is debt free.
Reducing Debt: BVS currently has no debt however we can't compare to 5 years ago as we have no data for that period.
Debt Coverage: BVS has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: BVS has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
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Dividend
What is Bravura Solutions's current dividend yield, its reliability and sustainability?
3.81%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BVS's dividend (3.81%) is higher than the bottom 25% of dividend payers in the Australian market (2.11%).
High Dividend: BVS's dividend (3.81%) is low compared to the top 25% of dividend payers in the Australian market (5.03%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, BVS has been paying a dividend for less than 10 years.
Growing Dividend: BVS's dividend payments have increased, but the company has only paid a dividend for 3 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (66.8%), BVS's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BVS's dividends in 3 years are forecast to be covered by earnings (70.1% payout ratio).
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Management
How experienced are the management team and are they aligned to shareholders interests?
6.3yrs
Average management tenure
CEO
Tony Klim
9.67yrs
Tenure
AU$1,831,290
Compensation
Mr. Anthony Brian Klim, BSc. Hons (Physics) also known as Tony, has been the Chief Executive Officer of Bravura Solutions Limited since May 18, 2011 and its Managing Director and Director since June 30, 20...
CEO Compensation Analysis
Compensation vs Market: Tony's total compensation ($USD1.41M) is above average for companies of similar size in the Australian market ($USD703.69K).
Compensation vs Earnings: Tony's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD & Director | 9.67yrs | AU$1.83m | 0.49% A$ 3.6m | |
| CFO, Company Secretary & Executive Director | 6.33yrs | AU$881.90k | 0.23% A$ 1.7m | |
| Global Chief Technology Officer | no data | AU$993.04k | 0.21% A$ 1.6m | |
| Chief Information Officer | 6.42yrs | no data | no data | |
| Head of Strategy | no data | no data | no data | |
| General Counsel & Joint Company Secretary | no data | no data | no data | |
| Clients Relations and Sales Director | 2yrs | no data | no data | |
| Global Head of HR | 1.92yrs | no data | no data | |
| Head of Service Delivery -NZ | no data | no data | no data | |
| Head of Product - Talisman | no data | no data | no data | |
| Head of Application Development & Support | no data | no data | no data | |
| Head of Operations | no data | no data | no data |
6.3yrs
Average Tenure
Experienced Management: BVS's management team is seasoned and experienced (6.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD & Director | 9.67yrs | AU$1.83m | 0.49% A$ 3.6m | |
| CFO, Company Secretary & Executive Director | 6.33yrs | AU$881.90k | 0.23% A$ 1.7m | |
| Independent Non-Executive Chairman | 1.42yrs | AU$232.11k | 0.087% A$ 636.4k | |
| Independent Non-Executive Director | 5.08yrs | AU$178.72k | 0.012% A$ 86.0k | |
| Independent Non-Executive Director | 4.33yrs | AU$178.69k | 0.029% A$ 210.1k | |
| Independent Non-Executive Director | 0.75yr | AU$31.83k | 0.0057% A$ 41.8k |
4.7yrs
Average Tenure
Experienced Board: BVS's board of directors are considered experienced (4.7 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
Bravura Solutions Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Bravura Solutions Limited
- Ticker: BVS
- Exchange: ASX
- Founded: 2004
- Industry: Application Software
- Sector: Software
- Market Cap: AU$731.608m
- Shares outstanding: 247.17m
- Website: https://bravurasolutions.com
Number of Employees
Location
- Bravura Solutions Limited
- 345 George Street
- Level 6
- Sydney
- New South Wales
- 2000
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BRA | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Nov 2016 |
| BVS | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Nov 2016 |
| BVS | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Nov 2016 |
Biography
Bravura Solutions Limited provides enterprise software and software-as-a-service (SaaS) to the wealth management, life insurance, and funds administration markets in Australia, New Zealand, the United King...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/18 07:07 |
| End of Day Share Price | 2021/01/18 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.