Loading...

Brambles

DB:R1H
Snowflake Description

Proven track record with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
R1H
DB
A$19B
Market Cap
  1. Home
  2. DE
  3. Commercial Services
Company description

Brambles Limited provides supply-chain logistics solutions based on the provision of reusable pallets, crates, and containers for shared use by various participants in the supply chain. The last earnings update was 64 days ago. More info.


Add to Portfolio Compare Print
R1H Share Price and Events
7 Day Returns
-0.6%
DB:R1H
1.5%
DE Commercial Services
1.8%
DE Market
1 Year Returns
25.8%
DB:R1H
-8.1%
DE Commercial Services
-6%
DE Market
R1H Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Brambles (R1H) -0.6% -0.4% 11.7% 25.8% -12.2% 17.4%
DE Commercial Services 1.5% 2.8% 9.6% -8.1% 1.3% -41%
DE Market 1.8% 6% 7.8% -6% 10.1% 15.3%
1 Year Return vs Industry and Market
  • R1H outperformed the Commercial Services industry which returned -8.1% over the past year.
  • R1H outperformed the Market in Germany which returned -6% over the past year.
Price Volatility
R1H
Industry
5yr Volatility vs Market

R1H Value

 Is Brambles undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Brambles to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Brambles.

DB:R1H Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:R1H
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.735 (1 + (1- 30%) (19.31%))
0.889
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.89
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.889 * 5.96%)
5.53%

Discounted Cash Flow Calculation for DB:R1H using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Brambles is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:R1H DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 5.53%)
2019 348.30 Analyst x2 330.06
2020 346.83 Analyst x4 311.45
2021 547.43 Analyst x3 465.86
2022 685.97 Est @ 25.31% 553.19
2023 807.96 Est @ 17.78% 617.44
2024 909.09 Est @ 12.52% 658.35
2025 989.36 Est @ 8.83% 678.96
2026 1,051.19 Est @ 6.25% 683.62
2027 1,097.89 Est @ 4.44% 676.60
2028 1,132.79 Est @ 3.18% 661.55
Present value of next 10 years cash flows $5,637.09
DB:R1H DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $1,132.79 × (1 + 0.23%) ÷ (5.53% – 0.23%)
$21,431.29
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $21,431.29 ÷ (1 + 5.53%)10
$12,515.98
DB:R1H Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $5,637.09 + $12,515.98
$18,153.07
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $18,153.07 / 1,594.69
$18.21
DB:R1H Discount to Share Price
Calculation Result
Exchange Rate USD/AUD
(Reporting currency to currency of ASX:BXB)
1.402
Value per Share
(AUD)
= Value per Share in USD x Exchange Rate (USD/AUD)
= $11.38 x 1.402
A$15.96
Non-primary Listing Adjustment Factor 1 share in DB:R1H represents 0.62511x of ASX:BXB
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.62511x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (AUD) x Listing Adjustment Factor
= A$ 15.96 x 0.62511
€9.98
Value per share (EUR) From above. €9.98
Current discount Discount to share price of €7.42
= -1 x (€7.42 - €9.98) / €9.98
25.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Brambles is available for.
Intrinsic value
26%
Share price is €7.42 vs Future cash flow value of €9.98
Current Discount Checks
For Brambles to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Brambles's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Brambles's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Brambles's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Brambles's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:R1H PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.41
ASX:BXB Share Price ** ASX (2019-04-18) in AUD A$11.87
ASX:BXB Share Price converted to USD reporting currency Exchange rate (AUD/ USD) 0.713 $8.47
Europe Commercial Services Industry PE Ratio Median Figure of 105 Publicly-Listed Commercial Services Companies 16.64x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.59x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Brambles.

DB:R1H PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:BXB Share Price ÷ EPS (both in USD)

= 8.47 ÷ 0.41

20.58x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Brambles is overvalued based on earnings compared to the Europe Commercial Services industry average.
  • Brambles is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Brambles's expected growth come at a high price?
Raw Data
DB:R1H PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.58x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
5.8%per year
Europe Commercial Services Industry PEG Ratio Median Figure of 54 Publicly-Listed Commercial Services Companies 1.39x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

DB:R1H PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.58x ÷ 5.8%

3.53x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Brambles is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Brambles's assets?
Raw Data
DB:R1H PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $1.80
ASX:BXB Share Price * ASX (2019-04-18) in AUD A$11.87
ASX:BXB Share Price converted to USD reporting currency Exchange rate (AUD/ USD) 0.713 $8.47
Germany Commercial Services Industry PB Ratio Median Figure of 8 Publicly-Listed Commercial Services Companies 2.03x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
DB:R1H PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:BXB Share Price ÷ Book Value per Share (both in USD)

= 8.47 ÷ 1.80

4.72x

* Primary Listing of Brambles.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Brambles is overvalued based on assets compared to the DE Commercial Services industry average.
X
Value checks
We assess Brambles's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. Brambles has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

R1H Future Performance

 How is Brambles expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
5.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Brambles expected to grow at an attractive rate?
  • Brambles's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Brambles's earnings growth is positive but not above the Germany market average.
  • Brambles's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:R1H Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:R1H Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 5.8%
DB:R1H Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 4.1%
Germany Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 31.2%
Germany Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:R1H Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:R1H Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-06-30 7,168 1
2022-06-30 6,796 1
2021-06-30 5,991 1,393 715 5
2020-06-30 5,777 1,284 668 6
2019-06-30 5,760 1,308 625 8
DB:R1H Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 5,862 1,410 655
2018-09-30 5,810 1,417 714
2018-06-30 5,758 1,423 774
2017-12-31 5,465 1,282 721
2017-09-30 5,336 1,247 583
2017-06-30 5,206 1,211 445
2016-12-31 4,864 1,114 466
2016-09-30 4,927 1,140 529
2016-06-30 4,990 1,167 592

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Brambles's earnings are expected to grow by 5.8% yearly, however this is not considered high growth (20% yearly).
  • Brambles's revenue is expected to grow by 4.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:R1H Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Brambles Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:R1H Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-06-30
2022-06-30
2021-06-30 0.48 0.50 0.44 4.00
2020-06-30 0.43 0.47 0.40 5.00
2019-06-30 0.39 0.42 0.38 7.00
DB:R1H Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.41
2018-09-30 0.45
2018-06-30 0.49
2017-12-31 0.45
2017-09-30 0.37
2017-06-30 0.28
2016-12-31 0.29
2016-09-30 0.33
2016-06-30 0.38

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Brambles is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Brambles's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Brambles has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

R1H Past Performance

  How has Brambles performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Brambles's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Brambles's year on year earnings growth rate has been positive over the past 5 years.
  • Brambles's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Brambles's 1-year earnings growth is negative, it can't be compared to the Europe Commercial Services industry average.
Earnings and Revenue History
Brambles's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Brambles Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:R1H Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 5,862.40 655.10 149.30
2018-09-30 5,810.20 714.30 149.85
2018-06-30 5,758.00 773.50 150.40
2017-12-31 5,465.20 720.60 152.90
2017-09-30 5,335.55 582.75 151.45
2017-06-30 5,205.90 444.90 150.00
2016-12-31 4,863.90 466.40 145.20
2016-09-30 4,927.15 529.35 154.60
2016-06-30 4,990.40 592.30 164.00
2015-12-31 5,400.50 591.50 191.90
2015-09-30 5,480.85 589.55 200.05
2015-06-30 5,561.20 587.60 208.20
2014-12-31 5,655.70 590.20 221.20
2014-09-30 5,594.45 587.35 218.60
2014-06-30 5,533.20 584.50 216.00
2013-12-31 5,331.30 583.80 205.80
2013-09-30 5,207.10 570.05 203.15
2013-06-30 5,082.90 556.30 200.50
2013-03-31 5,407.20 587.75 270.70
2012-12-31 5,328.10 586.00 271.00
2012-09-30 5,476.55 580.45 303.20
2012-06-30 5,625.00 574.90 335.40

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Brambles has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Brambles used its assets more efficiently than the Europe Commercial Services industry average last year based on Return on Assets.
  • Brambles has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Brambles's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Brambles has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

R1H Health

 How is Brambles's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Brambles's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Brambles's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Brambles's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Brambles's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Brambles Company Filings, last reported 3 months ago.

DB:R1H Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,860.70 2,606.80 199.60
2018-09-30 2,860.70 2,606.80 199.60
2018-06-30 3,162.00 2,488.30 180.20
2017-12-31 3,161.10 2,980.70 273.30
2017-09-30 3,161.10 2,980.70 273.30
2017-06-30 2,846.70 2,732.40 159.70
2016-12-31 2,838.50 2,679.00 203.40
2016-09-30 2,838.50 2,679.00 203.40
2016-06-30 2,955.10 2,777.90 156.10
2015-12-31 2,726.70 2,895.60 237.70
2015-09-30 2,726.70 2,895.60 237.70
2015-06-30 2,641.10 2,856.90 166.20
2014-12-31 2,617.00 3,062.20 216.10
2014-09-30 2,617.00 3,062.20 216.10
2014-06-30 2,751.00 2,592.00 236.90
2013-12-31 2,595.50 2,907.70 515.90
2013-09-30 2,595.50 2,907.70 515.90
2013-06-30 3,025.40 2,843.80 139.00
2013-03-31 3,025.40 2,843.80 139.00
2012-12-31 3,044.10 2,821.90 145.00
2012-09-30 3,044.10 2,821.90 145.00
2012-06-30 2,740.40 2,867.90 182.60
  • Brambles's level of debt (91.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (111.9% vs 91.1% today).
  • Debt is well covered by operating cash flow (54.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 10.6x coverage).
X
Financial health checks
We assess Brambles's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Brambles has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

R1H Dividends

 What is Brambles's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.41%
Current annual income from Brambles dividends. Estimated to be 3.17% next year.
If you bought €2,000 of Brambles shares you are expected to receive €48 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Brambles's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Brambles's dividend is below the markets top 25% of dividend payers in Germany (3.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:R1H Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
Germany Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 3.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:R1H Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-06-30 0.27 2.00
2022-06-30 0.26 2.00
2021-06-30 0.24 9.00
2020-06-30 0.24 11.00
2019-06-30 0.32 11.00
DB:R1H Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-18 0.204 2.454
2018-09-28 0.203 2.760
2018-02-19 0.206 2.979
2017-08-21 0.218 3.020
2017-02-20 0.213 2.969
2016-08-17 0.208 2.462
2016-02-22 0.207 2.302
2015-09-29 0.192 2.631
2015-02-23 0.194 2.598
2014-08-19 0.208 2.730
2014-02-19 0.241 2.882
2013-09-09 0.235 2.965
2013-08-21 0.240 3.065
2013-02-20 0.240 3.043
2012-08-16 0.265 3.577
2012-02-16 0.251 3.882
2011-08-17 0.245 3.789
2011-02-14 0.255 3.717
2010-09-15 0.234 3.694
2010-08-19 0.220 4.247
2010-02-17 0.184 3.531
2009-08-20 0.248 4.275
2009-04-23 0.247 5.861

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Brambles's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess Brambles's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Brambles afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Brambles has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

R1H Management

 What is the CEO of Brambles's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Graham Chipchase
COMPENSATION $2,460,000
AGE 55
TENURE AS CEO 2.2 years
CEO Bio

Mr. Graham Andrew Chipchase has been the Chief Executive Officer and Executive Director at Brambles Limited since February 20, 2017, joined in Brambles at the beginning of January 2017. Mr. Chipchase served as an Executive Director of Rexam Ltd. since February 10, 2003. He served as the Chief Executive Officer of Rexam Ltd. from January 1, 2010 to June 2016 and served as its Group Director of Plastic Packaging since July 15, 2005. He was responsible for Rexam Ltd.'s global plastic packaging business which includes healthcare, closures, personal care and other markets. In that role, he has led acquisition and integration of Precise Technology (USA), Delta (USA), Airpsray (NL), FangXin (China), TruePack (India) with the objective to reach global leadership in selected markets. He has leveraged organic growth through lean enterprise, innovation and global customer management programs across the Sector's 45 sites worldwide. He served as Finance Director of Rexam Ltd. from March 10, 2003 to July 15, 2005. He served as Finance Director of GKN plc's Aerospace Services business from 2001 to 2003. He started his career with Coopers & Lybrand. Later he joined The BOC Group PLC and served as Corporate Finance Manager since 1990. He served in various positions within Financial Planning and Analysis in both BOC's US and European subsidiaries including Group Controller since 1999 and then as Director of Planning and Financial Control. He has been a Non-Executive Director of AstraZeneca Plc since April 26, 2012 and its Senior Independent Non-Executive Director since January 1, 2019. Mr. Chipchase holds MA in Chemistry from Oriel College, Oxford and is a fellow of the Institute of Chartered Accountants in England and Wales.

CEO Compensation
  • Graham's compensation has increased by more than 20% in the past year.
  • Graham's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Brambles management team in years:

2.2
Average Tenure
53.5
Average Age
  • The tenure for the Brambles management team is about average.
Management Team

Graham Chipchase

TITLE
CEO, Chairman of Executive Leadership Team & Executive Director
COMPENSATION
$2M
AGE
55
TENURE
2.2 yrs

Nessa O'Sullivan

TITLE
CFO & Executive Director
COMPENSATION
$2M
AGE
53
TENURE
2.4 yrs

Wolfgang Orgeldinger

TITLE
Group President of RPCs
COMPENSATION
$2M
AGE
60
TENURE
5.7 yrs

Laura Nador

TITLE
President of CHEP North America
COMPENSATION
$318K
AGE
46
TENURE
2.1 yrs

Mike Pooley

TITLE
President of CHEP Europe
COMPENSATION
$790K
AGE
50
TENURE
2.2 yrs

Rod Hefford

TITLE
Chief Information Officer
AGE
54
TENURE
1.8 yrs

Raluca Chiriacescu

TITLE
Director of Investor Relations

Robert Gerrard

TITLE
Group VP of Legal & Secretariat and Company Secretary
AGE
56
TENURE
2.1 yrs

Patrick Bradley

TITLE
Group Senior Vice President of Human Resources
TENURE
0.6 yrs

Prasad Srinivasamurthy

TITLE
President of BXB Digital
AGE
47
TENURE
3.1 yrs
Board of Directors Tenure

Average tenure and age of the Brambles board of directors in years:

6
Average Tenure
63
Average Age
  • The tenure for the Brambles board of directors is about average.
Board of Directors

Stephen Johns

TITLE
Independent Non-Executive Chairman
COMPENSATION
$525K
AGE
71
TENURE
4.6 yrs

Graham Chipchase

TITLE
CEO, Chairman of Executive Leadership Team & Executive Director
COMPENSATION
$2M
AGE
55
TENURE
2.2 yrs

Nessa O'Sullivan

TITLE
CFO & Executive Director
COMPENSATION
$2M
AGE
53
TENURE
2 yrs

Tony Froggatt

TITLE
Independent Non-Executive Director
COMPENSATION
$216K
AGE
70
TENURE
12.8 yrs

Brian Long

TITLE
Independent Non-Executive Director
COMPENSATION
$223K
AGE
72
TENURE
4.8 yrs

David Gosnell

TITLE
Independent Non-Executive Director
COMPENSATION
$184K
AGE
61
TENURE
7.3 yrs

John Claringbould

TITLE
Member of the USA Advisory Board
TENURE
8.6 yrs

Rodney Slater

TITLE
Member of the USA Advisory Board
AGE
63
TENURE
8.6 yrs

Tahira Hassan

TITLE
Independent Non-Executive Director
COMPENSATION
$177K
AGE
65
TENURE
7.3 yrs

Scott Perkins

TITLE
Independent Non-Executive Director
COMPENSATION
$181K
AGE
53
TENURE
3.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Brambles insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
01. Apr 19 Buy Graham Chipchase Individual 29. Mar 19 29. Mar 19 35 €7.57 €265
25. Mar 19 Sell Realindex Investments Pty Limited Company 11. Jul 18 11. Mar 19 -1,632,518 €6.66 €-10,871,566
25. Mar 19 Buy Realindex Investments Pty Limited Company 16. Jul 18 22. Mar 19 2,605,714 €6.52 €17,001,801
25. Mar 19 Sell First State Investment Management (UK) Limited Company 28. Nov 18 25. Feb 19 -1,596,170 €6.72 €-10,733,116
25. Mar 19 Sell ASB Group Investments Ltd. Company 07. Aug 18 28. Feb 19 -448,034 €6.88 €-3,083,975
25. Mar 19 Sell Colonial First State Asset Management (Australia) Limited Company 10. Jul 18 22. Mar 19 -15,393,163 €6.92 €-104,205,441
25. Mar 19 Buy Colonial First State Asset Management (Australia) Limited Company 10. Jul 18 22. Mar 19 33,093,088 €6.90 €227,437,522
13. Mar 19 Sell Schroder Investment Management (Singapore) Ltd Company 12. Oct 16 13. Mar 19 -5,429,967 €6.36 €-34,537,634
13. Mar 19 Buy Schroder Investment Management (Singapore) Ltd Company 12. Oct 16 13. Mar 19 2,578,009 €6.26 €16,129,046
13. Mar 19 Sell Schroder Investment Management (Hong Kong) Limited Company 12. Oct 16 13. Mar 19 -2,529,878 €6.23 €-15,755,095
13. Mar 19 Buy Schroder Investment Management (Hong Kong) Limited Company 12. Oct 16 13. Mar 19 1,136,597 €6.06 €6,882,372
13. Mar 19 Sell Schroder Investment Management Limited Company 12. Oct 16 13. Mar 19 -26,135,587 €6.71 €-161,707,396
13. Mar 19 Buy Schroder Investment Management Limited Company 12. Oct 16 13. Mar 19 22,694,377 €6.38 €143,366,895
13. Mar 19 Sell Schroder Investment Management North America Inc. Company 12. Oct 16 13. Mar 19 -7,944,537 €6.85 €-54,400,022
13. Mar 19 Buy Schroder Investment Management North America Inc. Company 12. Oct 16 13. Mar 19 13,113,116 €6.14 €80,529,226
04. Mar 19 Buy Nessa O'Sullivan Individual 28. Feb 19 28. Feb 19 38 €7.35 €279
04. Mar 19 Buy Graham Chipchase Individual 28. Feb 19 28. Feb 19 38 €7.35 €279
31. Jan 19 Buy Nessa O'Sullivan Individual 31. Jan 19 31. Jan 19 41 €6.80 €279
31. Jan 19 Buy Graham Chipchase Individual 31. Jan 19 31. Jan 19 42 €6.80 €286
02. Jan 19 Buy Nessa O'Sullivan Individual 31. Dec 18 31. Dec 18 43 €6.31 €271
02. Jan 19 Buy Graham Chipchase Individual 31. Dec 18 31. Dec 18 43 €6.31 €271
03. Dec 18 Buy Nessa O'Sullivan Individual 30. Nov 18 30. Nov 18 41 €6.77 €278
03. Dec 18 Buy Graham Chipchase Individual 30. Nov 18 30. Nov 18 41 €6.77 €278
25. Nov 18 Buy The Vanguard Group, Inc. Company 21. Nov 18 21. Nov 18 22,540 €6.70 €151,026
21. Nov 18 Sell The Vanguard Group, Inc. Company 19. Nov 18 19. Nov 18 -60,125 €6.54 €-393,081
21. Nov 18 Buy The Vanguard Group, Inc. Company 19. Nov 18 19. Nov 18 25,531 €6.54 €167,078
20. Nov 18 Sell The Vanguard Group, Inc. Company 23. Jul 18 15. Nov 18 -704,512 €7.56 €-5,301,285
20. Nov 18 Buy The Vanguard Group, Inc. Company 19. Jul 18 16. Nov 18 3,451,481 €7.38 €25,186,722
31. Oct 18 Buy Nessa O'Sullivan Individual 31. Oct 18 31. Oct 18 42 €6.66 €280
31. Oct 18 Buy Graham Chipchase Individual 31. Oct 18 31. Oct 18 42 €6.66 €280
20. Sep 18 Sell Massachusetts Financial Services Company Company 15. Mar 18 19. Sep 18 -7,422,274 €9.22 €-56,568,600
20. Sep 18 Buy Massachusetts Financial Services Company Company 15. Mar 18 19. Sep 18 3,149,328 €6.09 €18,973,814
02. Oct 18 Buy Nessa O'Sullivan Individual 28. Sep 18 28. Sep 18 40 €6.85 €274
02. Oct 18 Buy Graham Chipchase Individual 28. Sep 18 28. Sep 18 41 €6.85 €281
06. Sep 18 Buy Elizabeth Fagan Individual 30. Aug 18 30. Aug 18 20,000 €6.81 €136,278
03. Sep 18 Buy Nessa O'Sullivan Individual 31. Aug 18 31. Aug 18 40 €6.80 €272
03. Sep 18 Buy Graham Chipchase Individual 31. Aug 18 31. Aug 18 39 €6.80 €265
02. Aug 18 Buy Nessa O'Sullivan Individual 31. Jul 18 31. Jul 18 44 €6.26 €276
02. Aug 18 Buy Graham Chipchase Individual 31. Jul 18 31. Jul 18 44 €6.26 €276
02. Jul 18 Buy Nessa O'Sullivan Individual 29. Jun 18 29. Jun 18 49 €5.65 €277
02. Jul 18 Buy Graham Chipchase Individual 29. Jun 18 29. Jun 18 49 €5.65 €277
01. Jun 18 Buy Nessa O'Sullivan Individual 31. May 18 31. May 18 47 €5.90 €277
01. Jun 18 Buy Graham Chipchase Individual 31. May 18 31. May 18 48 €5.90 €283
30. Apr 18 Buy Nessa O'Sullivan Individual 30. Apr 18 30. Apr 18 46 €6.17 €284
30. Apr 18 Buy Graham Chipchase Individual 30. Apr 18 30. Apr 18 46 €6.17 €284
X
Management checks
We assess Brambles's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Brambles has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

R1H News

Simply Wall St News

R1H Company Info

Description

Brambles Limited provides supply-chain logistics solutions based on the provision of reusable pallets, crates, and containers for shared use by various participants in the supply chain. The company operates through CHEP North America and Latin America; CHEP Europe, Middle East, Africa and India; CHEP Australia, New Zealand and Asia, excluding India; and IFCO segments. It offers pallet and container pooling, and reusable plastic crates pooling services. As of June 30, 2018, it owned approximately 610 million pallets, crates, and containers through a network of approximately 850 service centers. The company provides its services under the CHEP and IFCO brands to the customers in the fast-moving consumer goods, fresh produce, beverage, retail, and general manufacturing industries in the Americas, Europe, Australia, and internationally. Brambles Limited was founded in 1875 and is based in Sydney, Australia.

Details
Name: Brambles Limited
R1H
Exchange: DB
Founded: 1875
A$11,991,061,094
1,594,685,764
Website: http://www.brambles.com
Address: Brambles Limited
Angel Place,
Level 10,
Sydney,
New South Wales, 2000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX BXB Ordinary Shares Australian Securities Exchange AU AUD 01. Jan 1992
OTCPK BMBL.F Ordinary Shares Pink Sheets LLC US USD 01. Jan 1992
DB R1H Ordinary Shares Deutsche Boerse AG DE EUR 01. Jan 1992
CHIA BXB Ordinary Shares Chi-X Australia AU AUD 01. Jan 1992
OTCPK BXBL.Y SPONSORED ADR Pink Sheets LLC US USD 16. Oct 2008
Number of employees
Current staff
Staff numbers
12,000
Brambles employees.
Industry
Diversified Support Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 21:07
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/22
Last earnings filing: 2019/02/17
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.