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BGRY

Berkshire Grey NasdaqGS:BGRY Stock Report

Last Price

US$2.36

Market Cap

US$553.2m

7D

8.3%

1Y

-74.5%

Updated

18 Aug, 2022

Data

Company Financials +
BGRY fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance0/6
Financial Health5/6
Dividends0/6

BGRY Stock Overview

Berkshire Grey, Inc., an intelligent enterprise robotics company, provides AI-enabled robotic solutions that automate supply chain operations in the United States and Japan.

Berkshire Grey Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Berkshire Grey
Historical stock prices
Current Share PriceUS$2.36
52 Week HighUS$9.56
52 Week LowUS$1.40
Beta0
1 Month Change45.68%
3 Month Change8.26%
1 Year Change-74.51%
3 Year Changen/a
5 Year Changen/a
Change since IPO-78.51%

Recent News & Updates

Shareholder Returns

BGRYUS MachineryUS Market
7D8.3%1.4%1.4%
1Y-74.5%-6.9%-8.4%

Return vs Industry: BGRY underperformed the US Machinery industry which returned -6.9% over the past year.

Return vs Market: BGRY underperformed the US Market which returned -8.4% over the past year.

Price Volatility

Is BGRY's price volatile compared to industry and market?
BGRY volatility
BGRY Average Weekly Movement20.7%
Machinery Industry Average Movement5.8%
Market Average Movement7.6%
10% most volatile stocks in US Market17.1%
10% least volatile stocks in US Market3.1%

Stable Share Price: BGRY is more volatile than 90% of US stocks over the past 3 months, typically moving +/- 21% a week.

Volatility Over Time: BGRY's weekly volatility has increased from 15% to 21% over the past year.

About the Company

FoundedEmployeesCEOWebsite
2013370Tom Wagnerhttps://www.berkshiregrey.com

Berkshire Grey, Inc., an intelligent enterprise robotics company, provides AI-enabled robotic solutions that automate supply chain operations in the United States and Japan. The company’s solutions automate filling ecommerce orders for consumers or businesses, filling orders to resupply retail stores and groceries, and handling packages shipped to fill those orders. It serves retail, ecommerce, grocery, package handling, and third-party logistics markets.

Berkshire Grey Fundamentals Summary

How do Berkshire Grey's earnings and revenue compare to its market cap?
BGRY fundamental statistics
Market CapUS$553.15m
Earnings (TTM)-US$129.49m
Revenue (TTM)US$71.32m

7.8x

P/S Ratio

-4.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BGRY income statement (TTM)
RevenueUS$71.32m
Cost of RevenueUS$82.27m
Gross Profit-US$10.94m
Other ExpensesUS$118.55m
Earnings-US$129.49m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.55
Gross Margin-15.34%
Net Profit Margin-181.56%
Debt/Equity Ratio0%

How did BGRY perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is BGRY undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BGRY?

Other financial metrics that can be useful for relative valuation.

BGRY key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue6.4x
Enterprise Value/EBITDA-3.1x
PEG Ration/a

Price to Sales Ratio vs Peers

How does BGRY's PS Ratio compare to its peers?

BGRY PS Ratio vs Peers
The above table shows the PS ratio for BGRY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average2.2x
GRC Gorman-Rupp
1.7x26.7%US$714.7m
FATH Fathom Digital Manufacturing
1.4x9.2%US$516.5m
HY Hyster-Yale Materials Handling
0.2x7.3%US$559.7m
MKFG Markforged Holding
5.6x28.6%US$542.8m
BGRY Berkshire Grey
7.8x47.6%US$553.2m

Price-To-Sales vs Peers: BGRY is expensive based on its Price-To-Sales Ratio (7.8x) compared to the peer average (2.2x).


Price to Earnings Ratio vs Industry

How does BGRY's PE Ratio compare vs other companies in the US Machinery Industry?

Price-To-Sales vs Industry: BGRY is expensive based on its Price-To-Sales Ratio (7.8x) compared to the US Machinery industry average (1.5x)


Price to Sales Ratio vs Fair Ratio

What is BGRY's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BGRY PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio7.8x
Fair PS Ratio2.3x

Price-To-Sales vs Fair Ratio: BGRY is expensive based on its Price-To-Sales Ratio (7.8x) compared to the estimated Fair Price-To-Sales Ratio (2.3x).


Share Price vs Fair Value

What is the Fair Price of BGRY when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate BGRY's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate BGRY's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Future Growth

How is Berkshire Grey forecast to perform in the next 1 to 3 years based on estimates from 4 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


32.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BGRY is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: BGRY is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: BGRY is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: BGRY's revenue (47.6% per year) is forecast to grow faster than the US market (7.8% per year).

High Growth Revenue: BGRY's revenue (47.6% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BGRY is forecast to be unprofitable in 3 years.


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Past Performance

How has Berkshire Grey performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-14.9%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: BGRY is currently unprofitable.

Growing Profit Margin: BGRY is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if BGRY's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare BGRY's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BGRY is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (9.4%).


Return on Equity

High ROE: BGRY has a negative Return on Equity (-123.58%), as it is currently unprofitable.


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Financial Health

How is Berkshire Grey's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: BGRY's short term assets ($147.0M) exceed its short term liabilities ($46.3M).

Long Term Liabilities: BGRY's short term assets ($147.0M) exceed its long term liabilities ($15.3M).


Debt to Equity History and Analysis

Debt Level: BGRY is debt free.

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


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: BGRY has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: BGRY has sufficient cash runway for 2.3 years if free cash flow continues to reduce at historical rates of 53.7% each year.


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Dividend

What is Berkshire Grey 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

  • Cash Flow Coverage

Dividend Yield vs Market

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

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

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


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

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


Discover strong dividend paying companies

Management

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

1.1yrs

Average management tenure


CEO

Tom Wagner (55 yo)

1.08yrs

Tenure

US$556,451

Compensation

Dr. Thomas Wagner, also known as Tom, Ph D., has been the Chairman and Chief Executive Officer of Berkshire Grey, Inc. since July 21, 2021. He has been the Treasurer and Secretary of Berkshire Grey, Inc. H...


CEO Compensation Analysis

Compensation vs Market: Tom's total compensation ($USD556.45K) is below average for companies of similar size in the US market ($USD2.59M).

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


Leadership Team

Experienced Management: BGRY's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.


Board Members

Experienced Board: BGRY's board of directors are not considered experienced ( 1.1 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.3%.


Top Shareholders

Company Information

Berkshire Grey, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Berkshire Grey, Inc.
  • Ticker: BGRY
  • Exchange: NasdaqGS
  • Founded: 2013
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Implied Market Cap: US$553.151m
  • Shares outstanding: 234.39m
  • Website: https://www.berkshiregrey.com

Number of Employees


Location

  • Berkshire Grey, Inc.
  • 140 South Road
  • Bedford
  • Massachusetts
  • 1730
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/18 00:00
End of Day Share Price2022/08/18 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.