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BNR

BrenntagXTRA:BNR Stock Report

Market Cap

€12.8b

7D

-0.2%

1Y

49.9%

Updated

23 Oct, 2021

Data

Company Financials +
BNR fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance2/6
Financial Health5/6
Dividends5/6

BNR Overview

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

Brenntag Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Brenntag
Historical stock prices
Current Share Price€82.72
52 Week High€53.94
52 Week Low€87.40
Beta1.15
1 Month Change-0.63%
3 Month Change-1.71%
1 Year Change49.86%
3 Year Change78.89%
5 Year Change69.53%
Change since IPO359.56%

Recent News & Updates

Sep 18
Is It Time To Consider Buying Brenntag SE (ETR:BNR)?

Is It Time To Consider Buying Brenntag SE (ETR:BNR)?

Today we're going to take a look at the well-established Brenntag SE ( ETR:BNR ). The company's stock saw a decent...

Sep 05
Return Trends At Brenntag (ETR:BNR) Aren't Appealing

Return Trends At Brenntag (ETR:BNR) Aren't Appealing

What are the early trends we should look for to identify a stock that could multiply in value over the long term...

Jul 02
Calculating The Intrinsic Value Of Brenntag SE (ETR:BNR)

Calculating The Intrinsic Value Of Brenntag SE (ETR:BNR)

In this article we are going to estimate the intrinsic value of Brenntag SE ( ETR:BNR ) by taking the forecast future...

Jun 19
Is There Now An Opportunity In Brenntag SE (ETR:BNR)?

Is There Now An Opportunity In Brenntag SE (ETR:BNR)?

Brenntag SE ( ETR:BNR ) saw a decent share price growth in the teens level on the XTRA over the last few months. As a...

Shareholder Returns

BNRDE Trade DistributorsDE Market
7D-0.2%0.08%0.3%
1Y49.9%52.6%24.5%

Return vs Industry: BNR underperformed the German Trade Distributors industry which returned 52.6% over the past year.

Return vs Market: BNR exceeded the German Market which returned 24.5% over the past year.

Price Volatility

Is BNR's price volatile compared to industry and market?
BNR volatility
BNR Beta1.15
Industry Beta1.18
Market Beta1

Stable Share Price: BNR is less volatile than 75% of German stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: BNR's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
187417,006Christian Kohlpaintnerhttps://www.brenntag.com

Brenntag SE purchases and supplies various industrial and specialty chemicals, and ingredients in Europe, the Middle East, Africa, North America, Latin America, the Asia Pacific, and internationally. It provides value-added services, such as just-in-time delivery, product mixing, blending, repackaging, inventory management, and drum return handling, as well as technical and laboratory services for specialty chemicals. The company serves customers in various end-market industries, including nutrition, pharma, personal care, water treatment, and lubricants; and home, industrial, and institutional markets, as well as coatings and constructions, polymers, and rubber material science industries.

Brenntag Fundamentals Summary

How do Brenntag's earnings and revenue compare to its market cap?
BNR fundamental statistics
Market Cap€12.78b
Earnings (TTM)€461.00m
Revenue (TTM)€12.34b

27.7x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BNR income statement (TTM)
Revenue€12.34b
Cost of Revenue€9.45b
Gross Profit€2.90b
Expenses€2.44b
Earnings€461.00m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 04, 2021

Earnings per share (EPS)2.98
Gross Margin23.47%
Net Profit Margin3.73%
Debt/Equity Ratio48.9%

How did BNR perform over the long term?

See historical performance and comparison

Dividends

1.6%

Current Dividend Yield

45%

Payout Ratio

Valuation

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

21.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BNR (€82.72) is trading below our estimate of fair value (€105.92)

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


Price To Earnings Ratio

PE vs Industry: BNR is poor value based on its PE Ratio (27.7x) compared to the German Trade Distributors industry average (17.5x).

PE vs Market: BNR is poor value based on its PE Ratio (27.7x) compared to the German market (22.5x).


Price to Earnings Growth Ratio

PEG Ratio: BNR is poor value based on its PEG Ratio (1.8x)


Price to Book Ratio

PB vs Industry: BNR is overvalued based on its PB Ratio (3.5x) compared to the DE Trade Distributors industry average (1.7x).


Future Growth

How is Brenntag forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?

15.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BNR's forecast earnings growth (15.6% per year) is above the savings rate (-0.01%).

Earnings vs Market: BNR's earnings (15.6% per year) are forecast to grow faster than the German market (12.3% per year).

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

Revenue vs Market: BNR's revenue (5.3% per year) is forecast to grow slower than the German market (5.9% per year).

High Growth Revenue: BNR's revenue (5.3% 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 (16.8%).


Past Performance

How has Brenntag performed over the past 5 years?

6.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BNR has high quality earnings.

Growing Profit Margin: BNR's current net profit margins (3.7%) are lower than last year (3.8%).


Past Earnings Growth Analysis

Earnings Trend: BNR's earnings have grown by 6.8% 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 (-2.8%) over the past year, making it difficult to compare to the Trade Distributors industry average (159.7%).


Return on Equity

High ROE: BNR's Return on Equity (12.7%) is considered low.


Financial Health

How is Brenntag's financial position?


Financial Position Analysis

Short Term Liabilities: BNR's short term assets (€4.1B) exceed its short term liabilities (€2.7B).

Long Term Liabilities: BNR's short term assets (€4.1B) exceed its long term liabilities (€2.4B).


Debt to Equity History and Analysis

Debt Level: BNR's debt to equity ratio (48.9%) is considered high.

Reducing Debt: BNR's debt to equity ratio has reduced from 83.1% to 48.9% over the past 5 years.

Debt Coverage: BNR's debt is well covered by operating cash flow (47.4%).

Interest Coverage: BNR's interest payments on its debt are well covered by EBIT (14.1x coverage).


Balance Sheet


Dividend

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

1.63%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BNR's dividend (1.63%) is higher than the bottom 25% of dividend payers in the German market (1%).

High Dividend: BNR's dividend (1.63%) is low compared to the top 25% of dividend payers in the German market (3.22%).


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 (45.3%), 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 (32.6% payout ratio).


Next Steps

Management

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

4.0yrs

Average management tenure


CEO

Christian Kohlpaintner (58 yo)

1.75yrs

Tenure

€3,431,000

Compensation

Dr. Christian Kohlpaintner is Chairman of the Management Board and Chief Executive Officer of Brenntag SE (formerly known as Brenntag AG) since joining on January 1, 2020. The Ph.D. chemist has management...


CEO Compensation Analysis

Compensation vs Market: Christian's total compensation ($USD3.99M) is about average for companies of similar size in the German market ($USD4.50M).

Compensation vs Earnings: Insufficient data to compare Christian's compensation with company performance.


Leadership Team

Experienced Management: BNR's management team is considered experienced (4 years average tenure).


Board Members

Experienced Board: BNR's board of directors are considered experienced (4.3 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 SE's employee growth, exchange listings and data sources


Key Information

  • Name: Brenntag SE
  • Ticker: BNR
  • Exchange: XTRA
  • Founded: 1874
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: €12.780b
  • Shares outstanding: 154.50m
  • Website: https://www.brenntag.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/23 17:45
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.