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BRW

BremworthNZSE:BRW Stock Report

Market Cap

NZ$52.6m

7D

-2.6%

1Y

153.3%

Updated

25 Oct, 2021

Data

Company Financials
BRW fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends0/6

BRW Overview

Bremworth Limited, together with its subsidiaries, engages in the manufacturing and sale of carpets and rugs in New Zealand, Australia, the United States, Canada, and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for Bremworth
Historical stock prices
Current Share PriceNZ$0.76
52 Week HighNZ$0.29
52 Week LowNZ$0.86
Beta1.14
1 Month Change4.11%
3 Month Change49.02%
1 Year Change153.33%
3 Year Change28.81%
5 Year Change0%
Change since IPO-46.85%

Recent News & Updates

Sep 05
We Think Bremworth's (NZSE:BRW) Healthy Earnings Might Be Conservative

We Think Bremworth's (NZSE:BRW) Healthy Earnings Might Be Conservative

The market for Bremworth Limited's ( NZSE:BRW ) stock was strong after it released a healthy earnings report last week...

Mar 08
Is There More Growth In Store For Cavalier's (NZSE:CAV) Returns On Capital?

Is There More Growth In Store For Cavalier's (NZSE:CAV) Returns On Capital?

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'd...

Shareholder Returns

BRWNZ Consumer DurablesNZ Market
7D-2.6%0.7%0.4%
1Y153.3%7.5%2.1%

Return vs Industry: BRW exceeded the NZ Consumer Durables industry which returned 7.5% over the past year.

Return vs Market: BRW exceeded the NZ Market which returned 2.1% over the past year.

Price Volatility

Is BRW's price volatile compared to industry and market?
BRW volatility
BRW Beta1.14
Industry Beta0.57
Market Beta1

Stable Share Price: BRW is more volatile than 90% of NZ stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: BRW's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of NZ stocks.

About the Company

FoundedEmployeesCEOWebsite
1959461Greg Smithhttps://bremworth.co.nz

Bremworth Limited, together with its subsidiaries, engages in the manufacturing and sale of carpets and rugs in New Zealand, Australia, the United States, Canada, and internationally. The company operates through Carpet and Wool segments. It is also involved in the wool acquisition business; and selling carpet yarns.

Bremworth Fundamentals Summary

How do Bremworth's earnings and revenue compare to its market cap?
BRW fundamental statistics
Market CapNZ$52.58m
Earnings (TTM)NZ$1.73m
Revenue (TTM)NZ$111.58m

30.4x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BRW income statement (TTM)
RevenueNZ$111.58m
Cost of RevenueNZ$81.65m
Gross ProfitNZ$29.93m
ExpensesNZ$28.20m
EarningsNZ$1.73m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.025
Gross Margin26.83%
Net Profit Margin1.55%
Debt/Equity Ratio0%

How did BRW perform over the long term?

See historical performance and comparison

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BRW (NZ$0.76) is trading below our estimate of fair value (NZ$17.95)

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


Price To Earnings Ratio

PE vs Industry: BRW is poor value based on its PE Ratio (30.4x) compared to the Oceanic Consumer Durables industry average (15.9x).

PE vs Market: BRW is poor value based on its PE Ratio (30.4x) compared to the NZ market (22.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BRW's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BRW is good value based on its PB Ratio (1.5x) compared to the XO Consumer Durables industry average (2.1x).


Future Growth

How is Bremworth forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

12.5%

Forecasted Consumer Durables industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Bremworth has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Bremworth performed over the past 5 years?

-45.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BRW has a large one-off gain of NZ$2.4M impacting its June 30 2021 financial results.

Growing Profit Margin: BRW became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: BRW has become profitable over the past 5 years, growing earnings by -45.5% per year.

Accelerating Growth: BRW has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: BRW has become profitable in the last year, making it difficult to compare its past year earnings growth to the Consumer Durables industry (43.2%).


Return on Equity

High ROE: BRW's Return on Equity (4.9%) is considered low.


Financial Health

How is Bremworth's financial position?


Financial Position Analysis

Short Term Liabilities: BRW's short term assets (NZ$55.2M) exceed its short term liabilities (NZ$21.5M).

Long Term Liabilities: BRW's short term assets (NZ$55.2M) exceed its long term liabilities (NZ$21.0M).


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 54.4%.

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 Bremworth current dividend yield, its reliability and sustainability?


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.


Current Payout to Shareholders

Dividend Coverage: BRW is not paying a notable dividend for the NZ market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BRW's dividend in 3 years as they are not forecast to pay a notable one for the NZ market.


Next Steps

Management

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

6.3yrs

Average board tenure


CEO

Greg Smith

0.25

Tenure

Mr. Greg Smith serves as Brand President of Icebreaker. He served as Retail General Manager of New Zealand at Michael Hill International Ltd. Mr. Smith serves as Chief Executive Officer at Bremworth Limite...


Board Members

Experienced Board: BRW's board of directors are considered experienced (6.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Bremworth Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Bremworth Limited
  • Ticker: BRW
  • Exchange: NZSE
  • Founded: 1959
  • Industry: Home Furnishings
  • Sector: Consumer Durables
  • Market Cap: NZ$52.576m
  • Shares outstanding: 69.18m
  • Website: https://bremworth.co.nz

Number of Employees


Location

  • Bremworth Limited
  • 7 Grayson Avenue
  • Papatoetoe
  • Auckland
  • 2104
  • New Zealand

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 06:00
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.