XTRA:BNR

Stock Analysis Report

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Executive Summary

Brenntag AG purchases and supplies industrial and specialty chemicals, and ingredients in Europe, the Middle East, Africa, North America, Latin America, the Asia Pacific, and internationally. More Details


Snowflake Analysis

Excellent balance sheet established dividend payer.


Similar Companies

Share Price & News

How has Brenntag's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BNR is less volatile than 75% of German stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: BNR's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-2.0%

BNR

-2.0%

DE Trade Distributors

-1.2%

DE Market


1 Year Return

37.1%

BNR

33.9%

DE Trade Distributors

2.3%

DE Market

Return vs Industry: BNR exceeded the German Trade Distributors industry which returned 33.8% over the past year.

Return vs Market: BNR exceeded the German Market which returned 2.3% over the past year.


Shareholder returns

BNRIndustryMarket
7 Day-2.0%-2.0%-1.2%
30 Day3.5%2.4%1.8%
90 Day19.8%19.7%8.1%
1 Year40.6%37.1%37.1%33.9%5.6%2.3%
3 Year32.4%22.8%25.5%16.3%3.6%-5.5%
5 Year71.9%52.6%63.1%44.8%41.3%21.3%

Long-Term Price Volatility Vs. Market

How volatile is Brenntag's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Brenntag undervalued compared to its fair value and its price relative to the market?

22.22x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BNR (€66.9) is trading above our estimate of fair value (€66.27)

Significantly Below Fair Value: BNR is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BNR is poor value based on its PE Ratio (22.2x) compared to the DE Trade Distributors industry average (22.1x).

PE vs Market: BNR is good value based on its PE Ratio (22.2x) compared to the German market (23.9x).


Price to Earnings Growth Ratio

PEG Ratio: BNR is poor value based on its PEG Ratio (3x)


Price to Book Ratio

PB vs Industry: BNR is overvalued based on its PB Ratio (3x) compared to the DE Trade Distributors industry average (1.4x).


Next Steps

Future Growth

How is Brenntag forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?

7.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BNR's forecast earnings growth (7.5% per year) is above the savings rate (0.07%).

Earnings vs Market: BNR's earnings (7.5% per year) are forecast to grow slower than the German market (25.3% per year).

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

Revenue vs Market: BNR's revenue (3.8% per year) is forecast to grow slower than the German market (5.9% per year).

High Growth Revenue: BNR's revenue (3.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BNR's Return on Equity is forecast to be low in 3 years time (15.2%).


Next Steps

Past Performance

How has Brenntag performed over the past 5 years?

7.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BNR has high quality earnings.

Growing Profit Margin: BNR's current net profit margins (3.9%) are higher than last year (3.8%).


Past Earnings Growth Analysis

Earnings Trend: BNR's earnings have grown by 7.2% per year over the past 5 years.

Accelerating Growth: BNR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BNR had negative earnings growth (-3.9%) over the past year, making it difficult to compare to the Trade Distributors industry average (-25.9%).


Return on Equity

High ROE: BNR's Return on Equity (13.2%) is considered low.


Next Steps

Financial Health

How is Brenntag's financial position?


Financial Position Analysis

Short Term Liabilities: BNR's short term assets (€3.8B) exceed its short term liabilities (€2.0B).

Long Term Liabilities: BNR's short term assets (€3.8B) exceed its long term liabilities (€2.8B).


Debt to Equity History and Analysis

Debt Level: BNR's debt to equity ratio (57.1%) is considered high.

Reducing Debt: BNR's debt to equity ratio has reduced from 68.9% to 57.1% over the past 5 years.

Debt Coverage: BNR's debt is well covered by operating cash flow (57.9%).

Interest Coverage: BNR's interest payments on its debt are well covered by EBIT (9.5x coverage).


Balance Sheet


Next Steps

Dividend

What is Brenntag current dividend yield, its reliability and sustainability?

1.87%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BNR's dividend (1.87%) is higher than the bottom 25% of dividend payers in the German market (1.02%).

High Dividend: BNR's dividend (1.87%) is low compared to the top 25% of dividend payers in the German market (3.51%).


Stability and Growth of Payments

Stable Dividend: BNR's dividends per share have been stable in the past 10 years.

Growing Dividend: BNR's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (41.5%), BNR's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BNR's dividends in 3 years are forecast to be well covered by earnings (37.7% payout ratio).


Next Steps

Management

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

5.5yrs

Average management tenure


CEO

Christian Kohlpaintner (57 yo)

1

Tenure

Dr. Christian Kohlpaintner is Chairman of the Management Board and Chief Executive Officer of Brenntag AG since joining on January 1, 2020. The Ph.D. chemist has more than 25 years of management experience...


Leadership Team

NamePositionTenureCompensationOwnership
Georg Müller
CFO & Member of Board of Management8.5yrs€2.40mno data
Henri Nejade
Member of Board of Management & CEO of Asia Pacific Region5.5yrs€2.34mno data
Christian Kohlpaintner
Chairman of the Management Board & CEO1yrno datano data
Steven H. Terwindt
Member of the Management Board0.42yrno datano data
Thomas Langer
Vice President of Corporate Finance & Investor Relationsno datano datano data
Marion J. Mestrom
Chief Human Resources Officer5.75yrsno datano data
Ursula Baumgartner-Durchschlag
Head of Laboratory & Qualified Personno datano datano data

5.5yrs

Average Tenure

57yo

Average Age

Experienced Management: BNR's management team is seasoned and experienced (5.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Andreas Rittstieg
Independent Deputy Chairman of Supervisory Board3.58yrs€160.00kno data
Ulrich Harnacke
Independent Member of Supervisory Board3.58yrs€205.00kno data
Doreen Nowotne
Independent Chairwoman of Supervisory Board0.58yr€145.00kno data
Richard Ridinger
Member of Supervisory Board0.58yrno datano data
Wijnand Donkers
Independent Member of Supervisory Board3.58yrs€130.00kno data
Stefanie Berlinger
Independent Member of Supervisory Board5.58yrs€145.00kno data

3.6yrs

Average Tenure

60yo

Average Age

Experienced Board: BNR's board of directors are considered experienced (3.6 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.


Ownership Breakdown

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


Top Shareholders

Company Information

Brenntag AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Brenntag AG
  • Ticker: BNR
  • Exchange: XTRA
  • Founded: 1874
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: €10.336b
  • Shares outstanding: 154.50m
  • Website: https://www.brenntag.com

Number of Employees


Location

  • Brenntag AG
  • Messeallee 11
  • Essen
  • North Rhine-Westphalia
  • 45131
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BNRDB (Deutsche Boerse AG)YesOrdinary Registered SharesDEEURMar 2010
BNRXTRA (XETRA Trading Platform)YesOrdinary Registered SharesDEEURMar 2010
0MPTLSE (London Stock Exchange)YesOrdinary Registered SharesGBEURMar 2010
BNTG.FOTCPK (Pink Sheets LLC)YesOrdinary Registered SharesUSUSDMar 2010
BNRDBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary Registered SharesGBEURMar 2010
BNRSWX (SIX Swiss Exchange)YesOrdinary Registered SharesCHCHFMar 2010
BNRWBAG (Wiener Boerse AG)YesOrdinary Registered SharesATEURMar 2010
BNR NBMV (Bolsa Mexicana de Valores)YesOrdinary Registered SharesMXMXNMar 2010
BNTG.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDNov 2011
BNRABST (Boerse-Stuttgart)UNSPONSORD ADRDEEURNov 2011

Biography

Brenntag AG purchases and supplies industrial and specialty chemicals, and ingredients in Europe, the Middle East, Africa, North America, Latin America, the Asia Pacific, and internationally. It provides v...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/16 18:52
End of Day Share Price2021/01/15 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.