LSE:BRW

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Executive Summary

Brewin Dolphin Holdings PLC, together with its subsidiaries, provides wealth management services in the United Kingdom. More Details


Snowflake Analysis

Flawless balance sheet established dividend payer.


Similar Companies

Share Price & News

How has Brewin Dolphin Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BRW has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

2.3%

BRW

-3.0%

GB Capital Markets

-3.4%

GB Market


1 Year Return

-27.9%

BRW

-5.5%

GB Capital Markets

-19.7%

GB Market

Return vs Industry: BRW underperformed the UK Capital Markets industry which returned -5.5% over the past year.

Return vs Market: BRW underperformed the UK Market which returned -19.7% over the past year.


Shareholder returns

BRWIndustryMarket
7 Day2.3%-3.0%-3.4%
30 Day1.9%-4.4%-4.5%
90 Day-9.6%-4.2%-5.1%
1 Year-24.3%-27.9%-2.3%-5.5%-16.6%-19.7%
3 Year-21.9%-32.1%15.8%2.0%-12.8%-23.6%
5 Year11.1%-11.6%55.3%27.1%9.9%-14.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

24.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BRW (£2.41) is trading below our estimate of fair value (£3.18)

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


Price To Earnings Ratio

PE vs Industry: BRW is good value based on its PE Ratio (15.1x) compared to the GB Capital Markets industry average (16.8x).

PE vs Market: BRW is good value based on its PE Ratio (15.1x) compared to the UK market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: BRW is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: BRW is overvalued based on its PB Ratio (2.2x) compared to the GB Capital Markets industry average (1.3x).


Next Steps

Future Growth

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

9.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BRW's forecast earnings growth (9.3% per year) is above the savings rate (1.2%).

Earnings vs Market: BRW's earnings (9.3% per year) are forecast to grow slower than the UK market (23.9% per year).

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

Revenue vs Market: BRW's revenue (4.4% per year) is forecast to grow slower than the UK market (5.8% per year).

High Growth Revenue: BRW's revenue (4.4% 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 (17.6%).


Next Steps

Past Performance

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

8.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BRW has high quality earnings.

Growing Profit Margin: BRW's current net profit margins (13.3%) are lower than last year (15.1%).


Past Earnings Growth Analysis

Earnings Trend: BRW's earnings have grown by 8.2% 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 (-5.7%) over the past year, making it difficult to compare to the Capital Markets industry average (0.9%).


Return on Equity

High ROE: BRW's Return on Equity (14.7%) is considered low.


Next Steps

Financial Health

How is Brewin Dolphin Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: BRW's short term assets (£415.1M) exceed its short term liabilities (£267.2M).

Long Term Liabilities: BRW's short term assets (£415.1M) exceed its long term liabilities (£69.6M).


Debt to Equity History and Analysis

Debt Level: BRW is debt free.

Reducing Debt: BRW has no debt compared to 5 years ago when its debt to equity ratio was 0.02%.

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


Next Steps

Dividend

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

6.80%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BRW's dividend (6.8%) is higher than the bottom 25% of dividend payers in the UK market (1.87%).

High Dividend: BRW's dividend (6.8%) is in the top 25% of dividend payers in the UK market (5.39%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (102.6%), BRW's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BRW's dividends in 3 years are forecast to be covered by earnings (66.8% payout ratio).


Next Steps

Management

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

4.8yrs

Average management tenure


CEO

Robin Beer

0.33

Tenure

Mr. Robin Beer serves as Chief Executive Officer at Brewin Dolphin Holdings PLC since June 14, 2020 and served as its Managing Director of Investment Solutions and Distribution until June 14, 2020. He is D ...


Leadership Team

NamePositionTenureCompensationOwnership
Siobhan Boylan
CFO & Director1.58yrsUK£1.19m0.029%
£ 209.5k
Robin Beer
CEO & Director0.33yrno data0.00010%
£ 711.0
Angela Wright
Group Chief Accountantno datano datano data
Carla Bloom
Head of Investor Relationsno datano datano data
Gregory Thorpe
Director of Marketing & Communicationsno datano datano data
Lynne Lamont
Head of Charities for Scotland & Northern Irelandno datano datano data
Richard Kelly
Head of Officeno datano datano data
David Myrddin-Evans
Head of Cardiff Officeno datano datano data
Nicholas Fitzgerald
Managing Director of Financial Planningno datano data0.013%
£ 93.1k
David Berry
Head of Business Support6.5yrsno datano data
Antony Champion
Head of Strategic Advisor Partnerships6yrsno datano data
Charles Ferry
Managing Director of Private Clients4.75yrsno datano data

4.8yrs

Average Tenure

Experienced Management: BRW's management team is considered experienced (4.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Siobhan Boylan
CFO & Director1.58yrsUK£1.19m0.029%
£ 209.5k
Robin Beer
CEO & Director0.33yrno data0.00010%
£ 711.0
Simon Miller
Independent Non-Executive Chairman7.58yrsUK£180.00k0.027%
£ 192.8k
Caroline Taylor
Independent Non-Executive Director6.42yrsUK£70.00k0.0049%
£ 34.9k
Michael Kellard
Independent Non-Executive Director2.83yrsUK£60.00k0.0056%
£ 39.9k
Kathleen Shailer
Independent Non-Executive Director5.83yrsUK£83.00k0.0019%
£ 13.4k
Ian Dewar
Senior Independent Non-Executive Director1.25yrsUK£77.00k0.0022%
£ 15.4k
Simonetta Rigo
Independent Non-Executive Director2.33yrsUK£60.00k0.0052%
£ 36.8k
Phillip Monks
Non-Executive Director0.67yrno datano data

2.3yrs

Average Tenure

58yo

Average Age

Experienced Board: BRW's board of directors are not considered experienced ( 2.3 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 company bio, 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
  • Market Cap: UK£711.018m
  • Shares outstanding: 295.03m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BRWLSE (London Stock Exchange)YesOrdinary SharesGBGBPJun 1994
BDNH.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJun 1994
BRWLBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPJun 1994

Biography

Brewin Dolphin Holdings PLC, together with its subsidiaries, provides wealth management services in the United Kingdom. It also offers investment management, financial planning, advisory, managed portfolio ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/28 21:09
End of Day Share Price2020/10/28 00:00
Earnings2020/03/31
Annual Earnings2019/09/30


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.