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Braemar Shipping Services

LSE:BMS
Snowflake Description

Reasonable growth potential and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BMS
LSE
£56M
Market Cap
  1. Home
  2. GB
  3. Transportation
Company description

Braemar Shipping Services plc provides shipbroking, technical, and logistics services to the shipping, marine, energy, offshore, and insurance industries. The last earnings update was 175 days ago. More info.


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BMS Share Price and Events
7 Day Returns
11.1%
LSE:BMS
2.8%
GB Infrastructure
1%
GB Market
1 Year Returns
-36.8%
LSE:BMS
-10.8%
GB Infrastructure
1.6%
GB Market
BMS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Braemar Shipping Services (BMS) 11.1% 7.5% -19.1% -36.8% -60% -65.7%
GB Infrastructure 2.8% 2.6% 9.3% -10.8% 25.6% -23.1%
GB Market 1% 2.3% 8.6% 1.6% 14% 5.9%
1 Year Return vs Industry and Market
  • BMS underperformed the Infrastructure industry which returned -10.8% over the past year.
  • BMS underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 1.6% over the past year.
Price Volatility
BMS
Industry
5yr Volatility vs Market

BMS Value

 Is Braemar Shipping Services 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 Braemar Shipping Services 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 Braemar Shipping Services.

LSE:BMS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.6%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

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 LSE:BMS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Infrastructure Unlevered Beta Simply Wall St/ S&P Global 0.99
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.985 (1 + (1- 19%) (51.35%))
1.265
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.26
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.265 * 6.65%)
9.64%

Discounted Cash Flow Calculation for LSE:BMS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Braemar Shipping Services 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.

LSE:BMS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 9.64%)
2019 -1.07 Analyst x1 -0.97
2020 6.19 Analyst x1 5.15
2021 7.34 Analyst x1 5.57
2022 8.24 Est @ 12.31% 5.70
2023 8.98 Est @ 8.99% 5.67
2024 9.58 Est @ 6.66% 5.52
2025 10.06 Est @ 5.03% 5.28
2026 10.45 Est @ 3.89% 5.01
2027 10.78 Est @ 3.09% 4.71
2028 11.05 Est @ 2.53% 4.40
Present value of next 10 years cash flows £46.03
LSE:BMS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= £11.05 × (1 + 1.23%) ÷ (9.64% – 1.23%)
£132.98
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £132.98 ÷ (1 + 9.64%)10
£52.99
LSE:BMS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £46.03 + £52.99
£99.02
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £99.02 / 31.08
£3.19
LSE:BMS Discount to Share Price
Calculation Result
Value per share (GBP) From above. £3.19
Current discount Discount to share price of £1.80
= -1 x (£1.80 - £3.19) / £3.19
43.5%

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

Current Discount
Amount off the current price Braemar Shipping Services is available for.
Intrinsic value
44%
Share price is £1.8 vs Future cash flow value of £3.19
Current Discount Checks
For Braemar Shipping Services to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Braemar Shipping Services's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Braemar Shipping Services's share price is below the future cash flow value, and 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 Braemar Shipping Services's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Braemar Shipping Services's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:BMS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-08-31) in GBP £-0.22
LSE:BMS Share Price ** LSE (2019-04-18) in GBP £1.8
Europe Infrastructure Industry PE Ratio Median Figure of 30 Publicly-Listed Infrastructure Companies 21.69x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 795 Publicly-Listed Companies 16.28x

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

** Primary Listing of Braemar Shipping Services.

LSE:BMS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:BMS Share Price ÷ EPS (both in GBP)

= 1.8 ÷ -0.22

-8.29x

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

  • Braemar Shipping Services is loss making, we can't compare its value to the Europe Infrastructure industry average.
  • Braemar Shipping Services is loss making, we can't compare the value of its earnings to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Braemar Shipping Services's expected growth come at a high price?
Raw Data
LSE:BMS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -8.29x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
105.4%per year
Europe Infrastructure Industry PEG Ratio Median Figure of 21 Publicly-Listed Infrastructure Companies 2.54x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 563 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Braemar Shipping Services, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Braemar Shipping Services's assets?
Raw Data
LSE:BMS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-08-31) in GBP £2.71
LSE:BMS Share Price * LSE (2019-04-18) in GBP £1.8
United Kingdom of Great Britain and Northern Ireland Infrastructure Industry PB Ratio Median Figure of 7 Publicly-Listed Infrastructure Companies 1.45x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,365 Publicly-Listed Companies 1.52x
LSE:BMS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:BMS Share Price ÷ Book Value per Share (both in GBP)

= 1.8 ÷ 2.71

0.66x

* Primary Listing of Braemar Shipping Services.

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

  • Braemar Shipping Services is good value based on assets compared to the GB Infrastructure industry average.
X
Value checks
We assess Braemar Shipping Services'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 Infrastructure 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 Infrastructure industry average (and greater than 0)? (1 check)
  5. Braemar Shipping Services has a total score of 3/6, 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.

BMS Future Performance

 How is Braemar Shipping Services expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
105.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Braemar Shipping Services expected to grow at an attractive rate?
  • Braemar Shipping Services's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Braemar Shipping Services's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Braemar Shipping Services's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:BMS Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:BMS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 105.4%
LSE:BMS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 5.4%
United Kingdom of Great Britain and Northern Ireland Infrastructure Industry Earnings Growth Rate Market Cap Weighted Average 17.5%
United Kingdom of Great Britain and Northern Ireland Infrastructure Industry Revenue Growth Rate Market Cap Weighted Average 5.3%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11.1%
United Kingdom of Great Britain and Northern Ireland 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
LSE:BMS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:BMS Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-02-28 160 9 4 1
2020-02-29 151 8 1 1
2019-02-28 143 1 -6 1
LSE:BMS Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-08-31 141 -2 -7
2018-05-31 137 0 -5
2018-02-28 133 3 -2
2017-08-31 130 10 0
2017-05-31 133 7 0
2017-02-28 136 5 0
2016-08-31 150 11 3
2016-05-31 154 11 5
2016-02-29 159 10 7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Braemar Shipping Services's earnings are expected to grow significantly at over 20% yearly.
  • Braemar Shipping Services's revenue is expected to grow by 5.4% 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
LSE:BMS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Braemar Shipping Services Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:BMS Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-02-28 0.15 0.15 0.15 1.00
2020-02-29 0.05 0.05 0.05 1.00
2019-02-28 -0.18 -0.18 -0.18 1.00
LSE:BMS Past Financials Data
Date (Data in GBP Millions) EPS *
2018-08-31 -0.22
2018-05-31 -0.15
2018-02-28 -0.08
2017-08-31 0.01
2017-05-31 0.01
2017-02-28 0.01
2016-08-31 0.11
2016-05-31 0.18
2016-02-29 0.24

*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.
  • Unable to establish if Braemar Shipping Services will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Braemar Shipping Services'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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
Braemar Shipping Services has a total score of 4/6, 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.

BMS Past Performance

  How has Braemar Shipping Services 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 Braemar Shipping Services's growth in the last year to its industry (Infrastructure).
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.
  • Braemar Shipping Services does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Braemar Shipping Services's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Braemar Shipping Services's 1-year growth to the Europe Infrastructure industry average as it is not currently profitable.
Earnings and Revenue History
Braemar Shipping Services'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 Braemar Shipping Services Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:BMS Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-08-31 140.57 -6.64
2018-05-31 136.99 -4.52
2018-02-28 133.41 -2.39
2017-08-31 130.20 0.29
2017-05-31 133.07 0.24
2017-02-28 135.94 0.19
2016-08-31 149.76 3.31 -55.06
2016-05-31 154.44 5.21 -27.53
2016-02-29 159.13 7.10
2015-08-31 160.71 6.99 11.54
2015-05-31 153.16 4.97 5.77
2015-02-28 145.60 2.94
2014-11-30 135.98 2.88 0.95
2014-08-31 126.11 3.18 1.89
2014-05-31 125.82 4.93 0.95
2014-02-28 125.53 6.68
2013-08-31 124.22 6.85 80.47
2013-05-31 131.95 7.01 82.87
2013-02-28 139.68 7.18 85.26
2012-11-30 147.54 6.89 90.21
2012-08-31 151.31 6.96 91.04
2012-05-31 142.39 6.90 88.42

*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.
  • It is difficult to establish if Braemar Shipping Services has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Braemar Shipping Services has efficiently used its assets last year compared to the Europe Infrastructure industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Braemar Shipping Services improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Braemar Shipping Services'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 Infrastructure 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.
Braemar Shipping Services has a total score of 0/6, 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.

BMS Health

 How is Braemar Shipping Services'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 Braemar Shipping Services's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Braemar Shipping Services is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Braemar Shipping Services's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Braemar Shipping Services'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2.3x 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 Braemar Shipping Services Company Filings, last reported 7 months ago.

LSE:BMS Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-08-31 83.81 28.73 5.03
2018-05-31 83.81 28.73 5.03
2018-02-28 93.66 18.58 5.42
2017-08-31 97.02 0.00 6.35
2017-05-31 97.02 0.00 6.35
2017-02-28 100.17 0.62 7.67
2016-08-31 101.60 7.34 8.08
2016-05-31 101.60 7.34 8.08
2016-02-29 107.31 2.30 11.50
2015-08-31 103.34 10.95 7.90
2015-05-31 103.34 10.95 7.90
2015-02-28 104.27 9.10 16.29
2014-11-30 104.27 9.10 16.29
2014-08-31 102.88 14.84 9.94
2014-05-31 102.88 14.84 9.94
2014-02-28 65.29 0.00 13.69
2013-08-31 68.07 0.00 7.12
2013-05-31 68.07 0.00 7.12
2013-02-28 69.84 0.00 23.28
2012-11-30 69.84 0.00 23.28
2012-08-31 66.98 0.00 17.31
2012-05-31 66.98 0.00 17.31
  • Braemar Shipping Services's level of debt (34.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 34.3% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Braemar Shipping Services is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Braemar Shipping Services'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. Braemar Shipping Services 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.

BMS Dividends

 What is Braemar Shipping Services'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
8.33%
Current annual income from Braemar Shipping Services dividends. Estimated to be 8.97% next year.
If you bought £2,000 of Braemar Shipping Services shares you are expected to receive £167 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?
  • Braemar Shipping Services's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.01%).
  • Braemar Shipping Services's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.12%).
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
LSE:BMS 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 1 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Infrastructure Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 4.1%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.1%

Industry and Market average data is calculated daily.

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

LSE:BMS Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2021-02-28 0.17 1.00
2020-02-29 0.16 1.00
2019-02-28 0.15 1.00
LSE:BMS Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2018-05-25 0.150 6.715
2018-05-15 0.150 5.396
2017-10-23 0.100 3.700
2017-06-22 0.140 4.740
2016-06-29 0.260 8.436
2015-06-02 0.260 5.782
2015-05-19 0.260 5.197
2014-06-11 0.260 5.640
2014-05-20 0.260 4.943
2013-05-14 0.260 5.330
2012-05-18 0.260 7.025
2012-05-08 0.260 7.579
2011-05-20 0.260 6.955
2011-05-09 0.260 5.522
2010-05-14 0.250 5.047
2010-05-10 0.250 5.241
2009-05-12 0.240 6.195
2009-05-11 0.240 7.948
2009-04-20 0.230 9.082

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 Braemar Shipping Services's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
X
Income/ dividend checks
We assess Braemar Shipping Services's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 Braemar Shipping Services afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Braemar Shipping Services 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.

BMS Management

 What is the CEO of Braemar Shipping Services'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
James R. Kidwell
COMPENSATION £579,000
AGE 56
TENURE AS CEO 6.8 years
CEO Bio

Mr. James R. V. Kidwell, FCA, has been the Chief Executive of Braemar Shipping Services Plc since June 20, 2012. Mr. Kidwell served as Finance Director of Braemar Shipping Services until June 20, 2012. He served as a Secretary of Braemar Shipping Services until March 8, 2010. He is a qualified as a chartered accountant with Price Waterhouse in 1989. He worked in a number of financial roles for Carlton Communications PLC from 1989 to 2001, leaving as Group Financial Controller. He served as a Finance Director of Boosey & Hawkes Music Publishers Limited since 2002. Mr. Kidwell has been an Executive Director of Braemar Shipping Services Plc since August 1, 2002. He is a Chartered Accountant.

CEO Compensation
  • James R.'s compensation has increased whilst company is loss making.
  • James R.'s remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure of the Braemar Shipping Services management team in years:

4.9
Average Tenure
  • The tenure for the Braemar Shipping Services management team is about average.
Management Team

James R. Kidwell

TITLE
CEO & Executive Director
COMPENSATION
£579K
AGE
56
TENURE
6.8 yrs

James Hayward

TITLE
Interim Chief Financial Officer
TENURE
0.8 yrs

Nick Stone

TITLE
Group Finance Director & Director
AGE
55

Sebastian Davenport-Thomas

TITLE
Managing Director of the Shipbroking Division
TENURE
12.3 yrs

Grant Smith

TITLE
Managing Director of Technical Services Division
TENURE
2.9 yrs

Geoff Jones

TITLE
Global Head of Adjusting & Marine

Peter Wilson

TITLE
Head of the for Agency division

Alex Field

TITLE
Head of the Freight Forwarding division

Alex Vane

TITLE
Financial Controller

Peter Mason

TITLE
Company Secretary
Board of Directors Tenure

Average tenure and age of the Braemar Shipping Services board of directors in years:

3.3
Average Tenure
56
Average Age
  • The tenure for the Braemar Shipping Services board of directors is about average.
Board of Directors

Ron Series

TITLE
Non-Executive Chairman
AGE
67

James R. Kidwell

TITLE
CEO & Executive Director
COMPENSATION
£579K
AGE
56
TENURE
16.7 yrs

Nick Stone

TITLE
Group Finance Director & Director
AGE
55

Jurgen Breuer

TITLE
Non Executive Director
COMPENSATION
£50K
AGE
52
TENURE
4.8 yrs

Lesley Watkins

TITLE
Non-Executive Director
COMPENSATION
£36K
AGE
59
TENURE
1.8 yrs

Steve Kunzer

TITLE
Non-Executive Director
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
05. Nov 18 Buy Jurgen Breuer Individual 02. Nov 18 02. Nov 18 10,300 £2.27 £23,381
04. Jul 18 Buy Lesley Watkins Individual 03. Jul 18 03. Jul 18 3,000 £2.61 £7,835
04. Jul 18 Buy Mark Tracey Individual 02. Jul 18 02. Jul 18 7,400 £2.60 £19,243
27. Jun 18 Buy Jurgen Breuer Individual 26. Jun 18 26. Jun 18 20,000 £2.59 £51,323
X
Management checks
We assess Braemar Shipping Services'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. Braemar Shipping Services 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.

BMS News

Simply Wall St News

What Do You Get For Owning Braemar Shipping Services plc (LON:BMS)?

and want to begin learning the link between Braemar Shipping Services plc (LON:BMS)’s return fundamentals and stock market performance. … This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … Therefore, looking at how efficiently Braemar Shipping Services is able to use capital to create earnings will help us understand your potential return.

Simply Wall St -

What Should Investors Know About Braemar Shipping Services plc's (LON:BMS) Return On Capital?

and want to begin learning the link between Braemar Shipping Services plc (LON:BMS)’s return fundamentals and stock market performance. … Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … Therefore, looking at how efficiently Braemar Shipping Services is able to use capital to create earnings will help us understand your potential return.

Simply Wall St -

What You Must Know About Braemar Shipping Services plc's (LON:BMS) Major Investors

In this article, I will take a quick look at Braemar Shipping Services plc’s (LON:BMS) recent ownership structure – an unconventional investing subject, but an important one. … The impact of a company's ownership structure affects both its short- and long-term performance. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders.

Simply Wall St -

Should You Buy Braemar Shipping Services plc (LON:BMS) For Its Dividend?

A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. … Over the past 10 years, Braemar Shipping Services plc (LON:BMS) has returned an average of 6.00% per year to shareholders in terms of dividend yield. … Let's take a look at Braemar Shipping Services in more detail.

Simply Wall St -

Braemar Shipping Services plc (LON:BMS): What You Have To Know Before Buying For The Upcoming Dividend

Important news for shareholders and potential investors in Braemar Shipping Services plc (LON:BMS): The dividend payment of £0.10 per share will be distributed into shareholder on 27 July 2018, and the stock will begin trading ex-dividend at an earlier date, 21 June 2018. … Below, I will explain how holding Braemar Shipping Services can impact your portfolio income stream, by analysing the stock's most recent financial data and dividend attributes. … Check out our latest analysis for Braemar Shipping Services?

Simply Wall St -

When Should You Buy Braemar Shipping Services plc (LON:BMS)?

Braemar Shipping Services plc (LSE:BMS), a infrastructure company based in United Kingdom, saw significant share price volatility over the past couple of months on the LSE, rising to the highs of £3.02 and falling to the lows of £2.41. … Let’s take a look at Braemar Shipping Services’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change. … What’s more interesting is that, Braemar Shipping Services’s share price is quite stable, which could mean two things: firstly, it may take the share price a while to move to its intrinsic value, and secondly, there may be less chances to buy low in the future once it reaches that value.

Simply Wall St -

Should Braemar Shipping Services plc's (LSE:BMS) Earnings Decline In Recent Times Worry You?

When Braemar Shipping Services plc’s (LSE:BMS) announced its latest earnings (31 August 2017), I wanted to understand how these figures stacked up against its past performance. … The two benchmarks I used were Braemar Shipping Services’s average earnings over the past couple of years, and its industry performance. … Braemar Shipping Services’s latest earnings -£1M, which, against last year’s figure, has turned from positive to negative.

Simply Wall St -

Who Are The Major Shareholders Of Braemar Shipping Services plc (LSE:BMS)?

Insider Ownership Insiders form another group of important ownership types as they manage the company's operations and decide the best use of capital. … Private Company Ownership Another important group of owners for potential investors in BMS are private companies that hold a stake of 0.72% in BMS. … The company's high institutional ownership makes margin of safety a very important consideration to existing investors since long bull and bear trends often emerge when these big-ticket investors see a change in long-term potential of the company.

Simply Wall St -

BMS Company Info

Description

Braemar Shipping Services plc provides shipbroking, technical, and logistics services to the shipping, marine, energy, offshore, and insurance industries. Its Shipbroking segment is involved in the tanker chartering for crude oil, clean petroleum products, liquefied petrochemical gas, liquefied natural gas, specialized tankers, and time charter projects; second-hand purchase and sale, new building, recycling, and valuating; dry bulk chartering; offshore chartering, sale, and purchase; and the provision of research and consulting services. The company’s Technical segment provides vessel surveying; liquefied natural gas consulting; marine engineering; ship construction and supervision; marine warranty surveying; offshore project management; energy loss adjusting; and environmental consulting services. Its Logistics segment offers port and liner agency, hub agency, freight forwarding and project and cargo management, and customs clearance services. It also advises clients on corporate and finance related to maritime industry, including restructuring advisory, corporate finance advisory, merger and acquisition, asset brokerage, interim/pre-insolvency management, financial asset management, equity and debt financing, IPO consulting, and loan servicing. It operates in the United Kingdom, Singapore, the United States, Australia, Germany, and the rest of the world. The company was formerly known as Braemar Seascope Group plc and changed its name to Braemar Shipping Services plc in June 2007. Braemar Shipping Services plc was founded in 1842 and is headquartered in London, the United Kingdom.

Details
Name: Braemar Shipping Services plc
BMS
Exchange: LSE
Founded: 1842
£55,937,795
31,076,553
Website: http://www.braemar.com
Address: Braemar Shipping Services plc
One Strand,
Trafalgar Square,
London,
Greater London, WC2N 5HR,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE BMS Ordinary Shares London Stock Exchange GB GBP 27. Nov 1997
OTCPK BSEA.F Ordinary Shares Pink Sheets LLC US USD 27. Nov 1997
BATS-CHIXE BMSl Ordinary Shares BATS 'Chi-X Europe' GB GBP 27. Nov 1997
Number of employees
Current staff
Staff numbers
750
Braemar Shipping Services employees.
Industry
Marine Ports and Services
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 20:34
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/12
Last earnings filing: 2018/10/25
Last earnings reported: 2018/08/31
Last annual earnings reported: 2018/02/28


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.