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Brady

NYSE:BRC
Snowflake Description

Flawless balance sheet with proven track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BRC
NYSE
$3B
Market Cap
  1. Home
  2. US
  3. Commercial Services
Company description

Brady Corporation manufactures and supplies identification solutions (IDS) and workplace safety (WPS) products to identify and protect premises, products, and people in the United States and internationally. The last earnings update was 54 days ago. More info.


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BRC Share Price and Events
7 Day Returns
3.9%
NYSE:BRC
1.4%
US Commercial Services
0.4%
US Market
1 Year Returns
29.6%
NYSE:BRC
10.7%
US Commercial Services
6.8%
US Market
BRC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Brady (BRC) 3.9% 6.5% 7.4% 29.6% 78.8% 84.7%
US Commercial Services 1.4% 4.2% 10.3% 10.7% 52.7% 78%
US Market 0.4% 2.6% 11% 6.8% 38.1% 45.7%
1 Year Return vs Industry and Market
  • BRC outperformed the Commercial Services industry which returned 10.7% over the past year.
  • BRC outperformed the Market in United States of America which returned 6.8% over the past year.
Price Volatility
BRC
Industry
5yr Volatility vs Market

Value

 Is Brady 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 Brady 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 Brady.

NYSE:BRC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 NYSE:BRC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.733 (1 + (1- 21%) (2%))
0.829
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.829 * 5.96%)
7.67%

Discounted Cash Flow Calculation for NYSE:BRC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Brady 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.

NYSE:BRC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.67%)
2019 119.21 Analyst x2 110.71
2020 130.76 Analyst x2 112.79
2021 136.10 Est @ 4.09% 109.04
2022 141.11 Est @ 3.68% 104.99
2023 145.90 Est @ 3.39% 100.82
2024 150.56 Est @ 3.2% 96.63
2025 155.16 Est @ 3.06% 92.49
2026 159.75 Est @ 2.96% 88.44
2027 164.37 Est @ 2.89% 84.51
2028 169.04 Est @ 2.84% 80.72
Present value of next 10 years cash flows $981.16
NYSE:BRC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $169.04 × (1 + 2.73%) ÷ (7.67% – 2.73%)
$3,514.43
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $3,514.43 ÷ (1 + 7.67%)10
$1,678.26
NYSE:BRC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $981.16 + $1,678.26
$2,659.42
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,659.42 / 52.66
$50.5
NYSE:BRC Discount to Share Price
Calculation Result
Value per share (USD) From above. $50.50
Current discount Discount to share price of $49.10
= -1 x ($49.10 - $50.50) / $50.50
2.8%

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

Current Discount
Amount off the current price Brady is available for.
Intrinsic value
3%
Share price is $49.1 vs Future cash flow value of $50.5
Current Discount Checks
For Brady to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Brady's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Brady's share price is below the future cash flow value, but not 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 Brady's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Brady's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:BRC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-01-31) in USD $2.30
NYSE:BRC Share Price ** NYSE (2019-04-16) in USD $49.1
United States of America Commercial Services Industry PE Ratio Median Figure of 51 Publicly-Listed Commercial Services Companies 21.14x
United States of America Market PE Ratio Median Figure of 3,072 Publicly-Listed Companies 18.08x

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

** Primary Listing of Brady.

NYSE:BRC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:BRC Share Price ÷ EPS (both in USD)

= 49.1 ÷ 2.30

21.31x

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

  • Brady is overvalued based on earnings compared to the US Commercial Services industry average.
  • Brady is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Brady's expected growth come at a high price?
Raw Data
NYSE:BRC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.31x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
6.5%per year
United States of America Commercial Services Industry PEG Ratio Median Figure of 34 Publicly-Listed Commercial Services Companies 1.71x
United States of America Market PEG Ratio Median Figure of 2,107 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

NYSE:BRC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 21.31x ÷ 6.5%

3.29x

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

  • Brady is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Brady's assets?
Raw Data
NYSE:BRC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-01-31) in USD $15.26
NYSE:BRC Share Price * NYSE (2019-04-16) in USD $49.1
United States of America Commercial Services Industry PB Ratio Median Figure of 87 Publicly-Listed Commercial Services Companies 2.2x
United States of America Market PB Ratio Median Figure of 5,176 Publicly-Listed Companies 1.91x
NYSE:BRC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:BRC Share Price ÷ Book Value per Share (both in USD)

= 49.1 ÷ 15.26

3.22x

* Primary Listing of Brady.

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

  • Brady is overvalued based on assets compared to the US Commercial Services industry average.
X
Value checks
We assess Brady'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 Commercial Services 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 Commercial Services industry average (and greater than 0)? (1 check)
  5. Brady has a total score of 0/6, 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.

Future Performance

 How is Brady expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

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
6.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Brady expected to grow at an attractive rate?
  • Brady's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Brady's earnings growth is positive but not above the United States of America market average.
  • Brady's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:BRC Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:BRC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 6.5%
NYSE:BRC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 2.8%
United States of America Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 14.2%
United States of America Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 5.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*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
NYSE:BRC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:BRC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-07-31 1,211 165 131 5
2019-07-31 1,174 147 123 5
NYSE:BRC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-01-31 1,172 145 120
2018-10-31 1,177 127 95
2018-07-31 1,174 143 90
2018-04-30 1,166 142 81
2018-01-31 1,143 133 77
2017-10-31 1,123 145 98
2017-07-31 1,113 144 95
2017-04-30 1,106 132 95
2017-01-31 1,117 134 93
2016-10-31 1,118 143 83
2016-07-31 1,121 139 79
2016-04-30 1,127 139 15

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Brady's earnings are expected to grow by 6.5% yearly, however this is not considered high growth (20% yearly).
  • Brady's revenue is expected to grow by 2.8% 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
NYSE:BRC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Brady Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:BRC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-07-31 2.47 2.57 2.40 5.00
2019-07-31 2.30 2.34 2.27 5.00
NYSE:BRC Past Financials Data
Date (Data in USD Millions) EPS *
2019-01-31 2.30
2018-10-31 1.83
2018-07-31 1.75
2018-04-30 1.56
2018-01-31 1.50
2017-10-31 1.91
2017-07-31 1.86
2017-04-30 1.86
2017-01-31 1.84
2016-10-31 1.65
2016-07-31 1.57
2016-04-30 0.29

*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 Brady will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Brady'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 States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Brady has a total score of 1/6, 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.

Past Performance

  How has Brady 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 Brady's growth in the last year to its industry (Commercial Services).
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.
  • Brady has delivered over 20% year on year earnings growth in the past 5 years.
  • Brady's 1-year earnings growth is less than its 5-year average (55.7% vs 64.4%)
  • Brady's earnings growth has exceeded the US Commercial Services industry average in the past year (55.7% vs -0.4%).
Earnings and Revenue History
Brady'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 Brady Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:BRC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-01-31 1,171.54 119.99 379.62 45.82
2018-10-31 1,176.90 95.04 384.80 46.06
2018-07-31 1,173.85 90.25 390.34 45.25
2018-04-30 1,165.56 80.54 395.94 44.56
2018-01-31 1,143.07 77.09 392.65 42.83
2017-10-31 1,123.29 98.11 389.78 41.00
2017-07-31 1,113.32 94.84 387.65 39.62
2017-04-30 1,106.21 94.74 389.55 37.85
2017-01-31 1,117.10 93.17 396.93 36.76
2016-10-31 1,117.73 83.16 402.42 36.38
2016-07-31 1,120.63 79.33 405.10 35.80
2016-04-30 1,127.16 14.80 409.59 35.76
2016-01-31 1,130.57 11.82 406.74 35.82
2015-10-31 1,144.56 8.12 414.10 35.67
2015-07-31 1,171.73 4.11 422.70 36.73
2015-04-30 1,199.83 -51.88 431.14 36.88
2015-01-31 1,219.18 -49.72 444.85 36.60
2014-10-31 1,227.74 -50.80 448.71 36.09
2014-07-31 1,225.03 -48.24 452.16 35.05
2014-04-30 1,218.89 -126.87 447.81 35.07
2014-01-31 1,211.80 -125.42 446.61 34.48
2013-10-31 1,193.31 -146.66 441.53 34.25
2013-07-31 1,157.79 -138.50 427.86 33.55
2013-04-30 1,102.32 54.41 419.88 33.03
2013-01-31 1,075.22 60.77 403.03 33.17
2012-10-31 991.20 95.82 382.66 32.61
2012-07-31 1,071.50 103.26 392.69 34.53
2012-04-30 1,156.68 114.51 402.94 36.43

*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.
  • Brady has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Brady used its assets more efficiently than the US Commercial Services industry average last year based on Return on Assets.
  • Brady has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Brady'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 Commercial Services 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.
Brady has a total score of 4/6, 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.

Health

 How is Brady'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 Brady's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Brady is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Brady's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Brady'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 9.7x 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 Brady Company Filings, last reported 2 months ago.

NYSE:BRC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-01-31 803.38 51.61 202.21
2018-10-31 772.94 54.41 192.18
2018-07-31 752.11 52.62 181.43
2018-04-30 734.65 58.16 130.90
2018-01-31 731.97 71.20 115.33
2017-10-31 712.67 94.56 142.24
2017-07-31 700.14 107.76 133.94
2017-04-30 664.06 137.97 129.08
2017-01-31 634.89 162.91 125.21
2016-10-31 614.05 215.96 166.30
2016-07-31 603.60 216.91 141.23
2016-04-30 595.34 242.54 141.60
2016-01-31 562.49 252.66 120.20
2015-10-31 572.76 250.61 110.61
2015-07-31 587.69 253.70 114.49
2015-04-30 653.97 268.35 100.47
2015-01-31 645.56 277.14 93.30
2014-10-31 680.99 290.70 116.47
2014-07-31 733.08 263.23 81.83
2014-04-30 864.00 299.28 78.72
2014-01-31 863.43 288.27 79.12
2013-10-31 865.97 292.12 81.87
2013-07-31 830.80 313.03 91.06
2013-04-30 1,033.66 338.30 77.03
2013-01-31 1,037.85 438.02 141.31
2012-10-31 1,040.97 320.99 321.31
2012-07-31 1,009.35 316.21 305.90
2012-04-30 1,063.58 342.08 374.43
  • Brady's level of debt (6.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (33.4% vs 6.4% today).
  • Debt is well covered by operating cash flow (280.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 270.2x coverage).
X
Financial health checks
We assess Brady'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. Brady has a total score of 6/6, 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.

Dividends

 What is Brady'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
1.73%
Current annual income from Brady dividends. Estimated to be 1.75% next year.
If you bought $2,000 of Brady shares you are expected to receive $35 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?
  • Brady's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.41%).
  • Brady's dividend is below the markets top 25% of dividend payers in United States of America (3.63%).
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
NYSE:BRC 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 5 Analyst Estimates (S&P Global) See Below
United States of America Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 42 Stocks 1.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

NYSE:BRC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-07-31 0.87 2.00
2019-07-31 0.85 2.00
NYSE:BRC Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-20 0.850 1.811
2018-11-14 0.850 1.944
2018-09-12 0.850 2.020
2018-05-23 0.830 2.131
2018-02-21 0.830 2.203
2017-11-15 0.830 2.160
2017-09-06 0.830 2.211
2017-05-24 0.820 2.412
2017-02-22 0.820 2.127
2016-11-09 0.820 2.209
2016-09-08 0.820 2.402
2016-05-18 0.810 2.548
2016-02-18 0.810 3.028
2015-11-18 0.810 3.523
2015-09-10 0.810 3.775
2015-05-20 0.800 3.348
2015-02-18 0.800 2.945
2014-11-19 0.800 3.005
2014-09-10 0.800 3.490
2014-05-21 0.780 2.850
2014-02-19 0.780 2.984
2013-11-20 0.780 2.640
2013-09-11 0.780 2.613
2013-05-15 0.760 2.318
2013-02-20 0.760 2.265
2012-11-14 0.760 2.278
2012-09-06 0.760 2.519
2012-05-15 0.740 2.712
2012-02-15 0.740 2.336
2011-11-17 0.740 2.322
2011-09-09 0.740 2.568
2011-05-17 0.720 2.378
2011-02-17 0.720 1.998
2010-11-18 0.720 2.198
2010-09-09 0.720 2.408
2010-05-18 0.700 2.587
2010-02-18 0.700 2.213
2009-11-19 0.700 2.354
2009-09-10 0.700 2.423
2009-05-19 0.680 2.522
2009-04-17 0.680 3.262

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Brady's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Brady's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Brady afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Brady has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Brady'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
J. Nauman
COMPENSATION $5,175,425
AGE 56
TENURE AS CEO 4.7 years
CEO Bio

Mr. J. Michael Nauman has been the Chief Executive Officer and President of Brady Corp. since August 4, 2014. Mr. Nauman joined Brady after 20 years in a number of senior management positions at Lisle, Illinois-based Molex Incorporated. For the past five years, Mr. Nauman served as an Executive Vice President and President of the Global Integrated Products Division at Molex Incorporated since 2009 and 2007 respectively, where he led six global business units in the automotive, datacom, industrial, medical, military/aerospace and mobile markets. Mr. Nauman began his career as a tax accountant and auditor for Arthur Andersen and Company before serving as Controller and then President of Ohio Associated Enterprises, Inc. before joining Molex in 1994. Mr. Nauman served as Senior Vice President of Molex Incorporated from 2007 to 2009. Mr. Nauman served as the President of Integrated Products Division of Americas Region for Molex from 2005 to 2007, President of High Performance Products Division of Americas Region from 2004 to 2005, President of Fiber Optics Division of Americas Region from 2003 to 2004, General Manager of High Performance Cable Assembly and Adapter Business Units from 1999 to 2003. He is a board member of the Arkansas Science & Technology Authority; Arkansas Science, Technology, Engineering and Math (STEM) Coalition; and Museum of Discovery. He has been a Director of Brady Corp. since August 04, 2014. Mr. Nauman earned a Bachelor of Science in Management from Case Western Reserve University, is a Certified Public Accountant (CPA), a Chartered Global Management Accountant (CGMA) and holds three U.S. patents.

CEO Compensation
  • J.'s compensation has been consistent with company performance over the past year.
  • J.'s remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Brady management team in years:

4.7
Average Tenure
56
Average Age
  • The tenure for the Brady management team is about average.
Management Team

J. Nauman

TITLE
President
COMPENSATION
$5M
AGE
56
TENURE
4.7 yrs

Aaron Pearce

TITLE
CFO & Treasurer
COMPENSATION
$2M
AGE
47
TENURE
4.6 yrs

Louis Bolognini

TITLE
Senior VP
COMPENSATION
$1M
AGE
62
TENURE
6.3 yrs

Tom Felmer

TITLE
Senior VP & President of Workplace Safety
COMPENSATION
$2M
AGE
56
TENURE
14.8 yrs

Russell Shaller

TITLE
Senior VP & President of Identification Solutions
COMPENSATION
$2M
AGE
55
TENURE
3.8 yrs

Ann Thornton

TITLE
Chief Accounting Officer & Corporate Controller
AGE
36
TENURE
2.4 yrs

Bentley Curran

TITLE
VP of Digital Business & Chief Information Officer
COMPENSATION
$802K
AGE
56
TENURE
7.2 yrs

Helena Nelligan

TITLE
Senior Vice President of Human Resources
COMPENSATION
$955K
AGE
52
TENURE
5.4 yrs

Kathy Johnson

TITLE
Vice President of Finance & Chief Accounting Officer

Kathleen Johnson

TITLE
Vice President of Finance - Identification Solutions Business
AGE
64
TENURE
3.8 yrs
Board of Directors Tenure

Average tenure and age of the Brady board of directors in years:

7.1
Average Tenure
61.5
Average Age
  • The tenure for the Brady board of directors is about average.
Board of Directors

Conrad Goodkind

TITLE
Chairman of the Board
COMPENSATION
$250K
AGE
74
TENURE
3.6 yrs

J. Nauman

TITLE
President
COMPENSATION
$5M
AGE
56
TENURE
4.7 yrs

Patrick Allender

TITLE
Director
COMPENSATION
$200K
AGE
71
TENURE
11.6 yrs

Brad Richardson

TITLE
Director
COMPENSATION
$207K
AGE
60
TENURE
11.4 yrs

Gary Balkema

TITLE
Director
COMPENSATION
$197K
AGE
63
TENURE
8.8 yrs

Nancy Gioia

TITLE
Director
COMPENSATION
$187K
AGE
58
TENURE
5.4 yrs

Frank Harris

TITLE
Director
COMPENSATION
$180K
AGE
76
TENURE
27.4 yrs

Elizabeth Bruno

TITLE
Director
COMPENSATION
$178K
AGE
51
TENURE
15.4 yrs

David Bem

TITLE
Director
TENURE
0.2 yrs

Michelle Williams

TITLE
Director
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • Brady insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
20. Mar 19 Sell J. Nauman Individual 19. Mar 19 19. Mar 19 -18,671 $47.17 $-880,504
04. Mar 19 Sell Bradley Richardson Individual 28. Feb 19 28. Feb 19 -5,245 $47.37 $-248,456
28. Feb 19 Sell Frank Harris Individual 26. Feb 19 28. Feb 19 -2,000 $48.09 $-96,079
01. Oct 18 Sell Thomas Felmer Individual 27. Sep 18 28. Sep 18 -3,703 $43.90 $-162,047
25. Sep 18 Sell Elizabeth Bruno Individual 24. Sep 18 24. Sep 18 -24,000 $43.86 $-1,052,640
20. Jun 18 Sell Bradley Richardson Individual 20. Jun 18 20. Jun 18 -1,000 $40.61 $-40,605
15. Jun 18 Sell Frank Harris Individual 15. Jun 18 15. Jun 18 -2,000 $39.94 $-79,880
X
Management checks
We assess Brady'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. Brady 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.

News

Simply Wall St News

Why Brady Corporation (NYSE:BRC) Should Be In Your Portfolio

Dividend paying stocks like Brady Corporation (NYSE:BRC) tend to be popular with investors, and for good reason - some research shows that a significant amount of all stock market returns come from reinvested dividends. … Yet sometimes, investors buy a popular dividend stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations. … NYSE:BRC Historical Dividend Yield, April 16th 2019

Simply Wall St -

Are Brady Corporation’s (NYSE:BRC) High Returns Really That Great?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … How Do You Calculate Return On Capital Employed

Simply Wall St -

Should You Investigate Brady Corporation (NYSE:BRC) At US$46.08?

Brady Corporation (NYSE:BRC), which is in the commercial services business, and is based in United States,. … As a mid-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Let’s take a look at Brady’s outlook and value based on the most recent financial data to see if the opportunity still exists

Simply Wall St -

How Should Investors Feel About Brady Corporation's (NYSE:BRC) CEO Pay?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … Nauman's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that Brady Corporation has a market cap of US$2.5b, and is paying total annual CEO compensation of US$5.2m?

Simply Wall St -

How Many Insiders Sold Brady Corporation (NYSE:BRC) Shares?

So before you buy or sell Brady Corporation (NYSE:BRC), you may well want to know whether insiders have been buying or selling. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … Over the last year we saw more insider selling of Brady shares, than buying

Simply Wall St -

Brady Corporation (NYSE:BRC): Commentary On Fundamentals

Help shape the future of investing tools and receive a $20 prize! … By this I mean, I look at stocks holistically, from their financial health to their future outlook. … that has been able to sustain great financial health over the past.

Simply Wall St -

Is Brady Corporation's (NYSE:BRC) ROE Of 12% Impressive?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows Brady has a return on equity of 12% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Brady Corporation (NYSE:BRC): An Investing Strategy To Help You Win

Longstanding stocks such as Brady Corporation has fared well over time in a volatile stock market, which is why it’s my top pick to invest in. … Below I take a look at three key characteristics of what makes a strong defensive stock investment: its size, financial health and track record. … Brady Corporation manufactures and supplies identification solutions (IDS) and workplace safety (WPS) products to identify and protect premises, products, and people in the United States and internationallyJ

Simply Wall St -

Do Insiders Own Lots Of Shares In Brady Corporation (NYSE:BRC)?

If you want to know who really controls Brady Corporation (NYSE:BRC), then you'll have to look at the makeup of its share registry. … With a market capitalization of US$2.4b, Brady is a decent size, so it is probably on the radar of institutional investors. … Check out our latest analysis for Brady

Simply Wall St -

Should You Be Tempted To Sell Brady Corporation (NYSE:BRC) Because Of Its P/E Ratio?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … Brady has a price to earnings ratio of 24.87, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Company Info

Description

Brady Corporation manufactures and supplies identification solutions (IDS) and workplace safety (WPS) products to identify and protect premises, products, and people in the United States and internationally. The IDS segment offers safety signs, pipe markers, labeling systems, spill control products, and lockout/tagout devices for facility identification and protection; materials and printing systems for product identification, brand protection labeling, work in process labeling, and finished product identification; and hand-held printers, wire markers, sleeves, and tags for wire identification, as well as software and services for safety compliance auditing, procedure writing, and training. Its products also comprise name tags, badges, lanyards, and access control software for people identification; wristbands and labels for tracking and enhancing the safety of patients in hospitals; and custom wristbands for use in the leisure and entertainment industry, such as theme parks, concerts, and festivals. This segment serves customers in various industries, such as industrial and electronic manufacturing, healthcare, chemical, oil, gas, automotive, aerospace, governments, mass transit, electrical contractors, leisure and entertainment, telecommunications, and others through distributors, direct sales, catalog marketing, and digital channels. The WPS segment provides workplace safety and compliance products, such as safety and compliance signs, tags, labels, informational signage, asset tracking labels, first aid products, industrial warehouse and office equipment, and labor law compliance posters for various industries, including process, government, education, construction, and utilities, as well as manufacturers through catalog and digital channels. It also offers stock and custom identification products, as well as sells related resale products. Brady Corporation was founded in 1914 and is headquartered in Milwaukee, Wisconsin.

Details
Name: Brady Corporation
BRC
Exchange: NYSE
Founded: 1914
$2,585,793,562
52,663,820
Website: http://www.bradyid.com
Address: Brady Corporation
6555 West Good Hope Road,
Milwaukee,
Wisconsin, 53223,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE BRC Class A Non-Voting Common Stock New York Stock Exchange US USD 28. Jun 1984
DB BRV Class A Non-Voting Common Stock Deutsche Boerse AG DE EUR 28. Jun 1984
Number of employees
Current staff
Staff numbers
6,200
Brady employees.
Industry
Commercial Printing
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/16 23:33
End of day share price update: 2019/04/16 00:00
Last estimates confirmation: 2019/04/05
Last earnings filing: 2019/02/21
Last earnings reported: 2019/01/31
Last annual earnings reported: 2018/07/31


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.