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BRW

Brewin Dolphin Holdings LSE:BRW Stock Report

Last Price

UK£5.14

Market Cap

UK£1.5b

7D

0.2%

1Y

49.2%

Updated

17 May, 2022

Data

Company Financials +
BRW fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance2/6
Financial Health6/6
Dividends0/6

BRW Stock Overview

Brewin Dolphin Holdings PLC, together with its subsidiaries, provides wealth management services in the United Kingdom, the Channel Islands, and the Republic of Ireland.

Brewin Dolphin Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Brewin Dolphin Holdings
Historical stock prices
Current Share PriceUK£5.14
52 Week HighUK£5.27
52 Week LowUK£2.40
Beta1.09
1 Month Change0.39%
3 Month Change69.36%
1 Year Change49.20%
3 Year Change66.45%
5 Year Change56.23%
Change since IPO1,613.34%

Recent News & Updates

Shareholder Returns

BRWGB Capital MarketsGB Market
7D0.2%2.7%3.1%
1Y49.2%-10.1%-3.2%

Return vs Industry: BRW exceeded the UK Capital Markets industry which returned -10.1% over the past year.

Return vs Market: BRW exceeded the UK Market which returned -3.2% over the past year.

Price Volatility

Is BRW's price volatile compared to industry and market?
BRW volatility
BRW Average Weekly Movement18.3%
Capital Markets Industry Average Movement4.9%
Market Average Movement6.2%
10% most volatile stocks in GB Market11.8%
10% least volatile stocks in GB Market3.2%

Stable Share Price: BRW is more volatile than 90% of UK stocks over the past 3 months, typically moving +/- 18% a week.

Volatility Over Time: BRW's weekly volatility has increased from 9% to 18% over the past year.

About the Company

FoundedEmployeesCEOWebsite
17622,186Robin Beerhttps://www.brewin.co.uk

Brewin Dolphin Holdings PLC, together with its subsidiaries, provides wealth management services in the United Kingdom, the Channel Islands, and the Republic of Ireland. It also offers discretionary investment management, advisory investment management, Brewin portfolio services, model portfolio service, managed portfolio, investment fund management, execution, and financial planning and investment management services, as well as expert witness report services. The company was founded in 1762 and is headquartered in London, the United Kingdom.

Brewin Dolphin Holdings Fundamentals Summary

How do Brewin Dolphin Holdings's earnings and revenue compare to its market cap?
BRW fundamental statistics
Market CapUK£1.51b
Earnings (TTM)UK£52.52m
Revenue (TTM)UK£415.46m

28.8x

P/E Ratio

3.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BRW income statement (TTM)
RevenueUK£415.46m
Cost of RevenueUK£226.04m
Gross ProfitUK£189.42m
Other ExpensesUK£136.90m
EarningsUK£52.52m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Nov 30, 2022

Earnings per share (EPS)0.18
Gross Margin45.59%
Net Profit Margin12.64%
Debt/Equity Ratio0%

How did BRW perform over the long term?

See historical performance and comparison

Valuation

Is Brewin Dolphin Holdings undervalued compared to its fair value and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


28.77x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: BRW (£5.14) is trading above our estimate of fair value (£5.13)

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


Price To Earnings Ratio

PE vs Industry: BRW is poor value based on its PE Ratio (28.8x) compared to the UK Capital Markets industry average (9.5x).

PE vs Market: BRW is poor value based on its PE Ratio (28.8x) compared to the UK market (15.3x).


Price to Earnings Growth Ratio

PEG Ratio: BRW is poor value based on its PEG Ratio (3.2x)


Price to Book Ratio

PB vs Industry: BRW is overvalued based on its PB Ratio (4.4x) compared to the GB Capital Markets industry average (1.1x).


Future Growth

How is Brewin Dolphin Holdings forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


9.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BRW's forecast earnings growth (9.1% per year) is above the savings rate (0.9%).

Earnings vs Market: BRW's earnings (9.1% per year) are forecast to grow slower than the UK market (11.1% per year).

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

Revenue vs Market: BRW's revenue (6.3% per year) is forecast to grow faster than the UK market (4% per year).

High Growth Revenue: BRW's revenue (6.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BRW's Return on Equity is forecast to be low in 3 years time (19.5%).


Past Performance

How has Brewin Dolphin Holdings performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


3.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BRW has high quality earnings.

Growing Profit Margin: BRW's current net profit margins (12.6%) are lower than last year (15.3%).


Past Earnings Growth Analysis

Earnings Trend: BRW's earnings have grown by 3.6% per year over the past 5 years.

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

Earnings vs Industry: BRW had negative earnings growth (-11.2%) over the past year, making it difficult to compare to the Capital Markets industry average (62.1%).


Return on Equity

High ROE: BRW's Return on Equity (15.5%) is considered low.


Financial Health

How is Brewin Dolphin Holdings's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: BRW's short term assets (£417.0M) exceed its short term liabilities (£277.2M).

Long Term Liabilities: BRW's short term assets (£417.0M) exceed its long term liabilities (£59.2M).


Debt to Equity History and Analysis

Debt Level: BRW is debt free.

Reducing Debt: BRW had no debt 5 years ago.

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

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


Balance Sheet


Dividend

What is Brewin Dolphin Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.10%

Forecast Dividend Yield

Dividend Yield vs Market

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

High Dividend: Unable to evaluate BRW'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 BRW's dividends per share have been stable in the past.

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


Earnings Payout to Shareholders

Earnings Coverage: BRW is not paying a notable dividend for the UK market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as BRW has not reported any payouts.


Next Steps

Management

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

1.9yrs

Average management tenure


CEO

Robin Beer

1.92yrs

Tenure

UK£1,164,000

Compensation

Mr. Robin Beer serves as Chief Executive Officer at Brewin Dolphin Holdings PLC since June 15, 2020 and served as its Managing Director of Investment Solutions and Distribution until June 15, 2020. He is D...


CEO Compensation Analysis

Compensation vs Market: Robin's total compensation ($USD1.45M) is about average for companies of similar size in the UK market ($USD1.85M).

Compensation vs Earnings: Robin's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: BRW's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

Experienced Board: BRW's board of directors are not considered experienced ( 2.1 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: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Brewin Dolphin Holdings PLC's employee growth, exchange listings and data sources


Key Information

  • Name: Brewin Dolphin Holdings PLC
  • Ticker: BRW
  • Exchange: LSE
  • Founded: 1762
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: UK£1.511b
  • Shares outstanding: 293.93m
  • Website: https://www.brewin.co.uk

Number of Employees


Location

  • Brewin Dolphin Holdings PLC
  • 12 Smithfield Street
  • London
  • Greater London
  • EC1A 9BD
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/17 00:00
End of Day Share Price2022/05/17 00:00
Earnings2022/03/31
Annual Earnings2021/09/30


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.