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BGP

Briscoe GroupNZSE:BGP Stock Report

Market Cap

NZ$1.6b

7D

2.0%

1Y

75.4%

Updated

28 Oct, 2021

Data

Company Financials +
BGP fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance6/6
Financial Health5/6
Dividends4/6

BGP Overview

Briscoe Group Limited, together with its subsidiaries, engages in the retail of homeware and sporting goods in New Zealand.

Price History & Performance

Summary of all time highs, changes and price drops for Briscoe Group
Historical stock prices
Current Share PriceNZ$7.14
52 Week HighNZ$4.03
52 Week LowNZ$7.26
Beta0.62
1 Month Change2.44%
3 Month Change25.26%
1 Year Change75.43%
3 Year Change113.13%
5 Year Change95.08%
Change since IPO402.82%

Recent News & Updates

Oct 22
Briscoe Group (NZSE:BGP) Is Reinvesting At Lower Rates Of Return

Briscoe Group (NZSE:BGP) Is Reinvesting At Lower Rates Of Return

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...

Jun 14
Are Investors Undervaluing Briscoe Group Limited (NZSE:BGP) By 44%?

Are Investors Undervaluing Briscoe Group Limited (NZSE:BGP) By 44%?

How far off is Briscoe Group Limited ( NZSE:BGP ) from its intrinsic value? Using the most recent financial data, we'll...

May 21
Capital Allocation Trends At Briscoe Group (NZSE:BGP) Aren't Ideal

Capital Allocation Trends At Briscoe Group (NZSE:BGP) Aren't Ideal

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

Apr 17
Here's How We Evaluate Briscoe Group Limited's (NZSE:BGP) Dividend

Here's How We Evaluate Briscoe Group Limited's (NZSE:BGP) Dividend

Dividend paying stocks like Briscoe Group Limited ( NZSE:BGP ) tend to be popular with investors, and for good reason...

Shareholder Returns

BGPNZ Specialty RetailNZ Market
7D2.0%1.1%-0.6%
1Y75.4%46.9%4.0%

Return vs Industry: BGP exceeded the NZ Specialty Retail industry which returned 46.9% over the past year.

Return vs Market: BGP exceeded the NZ Market which returned 4% over the past year.

Price Volatility

Is BGP's price volatile compared to industry and market?
BGP volatility
BGP Beta0.62
Industry Beta0.91
Market Beta1

Stable Share Price: BGP is not significantly more volatile than the rest of NZ stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: BGP's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
17812,000Rod Dukehttps://www.briscoegroup.co.nz

Briscoe Group Limited, together with its subsidiaries, engages in the retail of homeware and sporting goods in New Zealand. The company operates through two segments, Homeware and Sporting Goods. It operates 88 retail stores, including 46 stores under the Briscoes Homeware brand; 1 store under the Living & Giving brand; and 41 stores under the Rebel Sport brand.

Briscoe Group Fundamentals Summary

How do Briscoe Group's earnings and revenue compare to its market cap?
BGP fundamental statistics
Market CapNZ$1.60b
Earnings (TTM)NZ$92.68m
Revenue (TTM)NZ$767.81m

17.1x

P/E Ratio

2.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BGP income statement (TTM)
RevenueNZ$767.81m
Cost of RevenueNZ$417.31m
Gross ProfitNZ$350.50m
ExpensesNZ$257.82m
EarningsNZ$92.68m

Last Reported Earnings

Aug 01, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.42
Gross Margin45.65%
Net Profit Margin12.07%
Debt/Equity Ratio0%

How did BGP perform over the long term?

See historical performance and comparison

Dividends

3.5%

Current Dividend Yield

60%

Payout Ratio

Valuation

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

17.15x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BGP (NZ$7.14) is trading above our estimate of fair value (NZ$4.7)

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


Price To Earnings Ratio

PE vs Industry: BGP is poor value based on its PE Ratio (17.1x) compared to the NZ Specialty Retail industry average (14x).

PE vs Market: BGP is good value based on its PE Ratio (17.1x) compared to the NZ market (22.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BGP is overvalued based on its PB Ratio (5.6x) compared to the NZ Specialty Retail industry average (2.6x).


Future Growth

How is Briscoe Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

2.9%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if BGP's forecast earnings growth is above the savings rate (2.1%).

Earnings vs Market: Insufficient data to determine if BGP's earnings are forecast to grow faster than the NZ market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: BGP's revenue (2.9% per year) is forecast to grow slower than the NZ market (5.2% per year).

High Growth Revenue: BGP's revenue (2.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BGP's Return on Equity is forecast to be high in 3 years time (30.2%)


Past Performance

How has Briscoe Group performed over the past 5 years?

6.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BGP has high quality earnings.

Growing Profit Margin: BGP's current net profit margins (12.1%) are higher than last year (9.7%).


Past Earnings Growth Analysis

Earnings Trend: BGP's earnings have grown by 6.5% per year over the past 5 years.

Accelerating Growth: BGP's earnings growth over the past year (48.2%) exceeds its 5-year average (6.5% per year).

Earnings vs Industry: BGP earnings growth over the past year (48.2%) exceeded the Specialty Retail industry 20%.


Return on Equity

High ROE: BGP's Return on Equity (32.8%) is considered high.


Financial Health

How is Briscoe Group's financial position?


Financial Position Analysis

Short Term Liabilities: BGP's short term assets (NZ$201.3M) exceed its short term liabilities (NZ$105.7M).

Long Term Liabilities: BGP's short term assets (NZ$201.3M) do not cover its long term liabilities (NZ$265.1M).


Debt to Equity History and Analysis

Debt Level: BGP is debt free.

Reducing Debt: BGP has not had any debt for past 5 years.

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

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


Balance Sheet


Dividend

What is Briscoe Group current dividend yield, its reliability and sustainability?

3.50%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BGP's dividend (3.5%) is higher than the bottom 25% of dividend payers in the NZ market (2.41%).

High Dividend: BGP's dividend (3.5%) is low compared to the top 25% of dividend payers in the NZ market (4.82%).


Stability and Growth of Payments

Stable Dividend: BGP's dividend payments have been volatile in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (60%), BGP's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BGP's dividends in 3 years are forecast to be covered by earnings (69.6% payout ratio).


Next Steps

Management

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

12.2yrs

Average management tenure


CEO

Rod Duke

30.75yrs

Tenure

NZ$1,035,052

Compensation

Mr. Rodney Adrian Duke, also known as Rod, has been Group Managing Director of Briscoe Group Limited since 1991. From 1981 to 1988, Mr. Duke served in the positions of New South Wales Manager of Homecraft/...


CEO Compensation Analysis

Compensation vs Market: Rod's total compensation ($USD742.13K) is about average for companies of similar size in the NZ market ($USD672.97K).

Compensation vs Earnings: Rod's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: BGP's management team is seasoned and experienced (12.2 years average tenure).


Board Members

Experienced Board: BGP's board of directors are considered experienced (5.3 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

Briscoe Group Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Briscoe Group Limited
  • Ticker: BGP
  • Exchange: NZSE
  • Founded: 1781
  • Industry: Homefurnishing Retail
  • Sector: Retail
  • Market Cap: NZ$1.600b
  • Shares outstanding: 222.56m
  • Website: https://www.briscoegroup.co.nz

Number of Employees


Location

  • Briscoe Group Limited
  • 1 Taylors Road
  • Morningside
  • Auckland
  • 1025
  • New Zealand

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/28 06:01
End of Day Share Price2021/10/28 00:00
Earnings2021/08/01
Annual Earnings2021/01/31


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.