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BRBR

BellRing Brands NYSE:BRBR Stock Report

Last Price

US$21.39

Market Cap

US$2.9b

7D

-6.8%

1Y

-32.3%

Updated

28 Sep, 2022

Data

Company Financials +
BRBR fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance5/6
Financial Health1/6
Dividends0/6

BRBR Stock Overview

BellRing Brands, Inc., together with its subsidiaries, provides various nutrition products in the United States and internationally.

BellRing Brands Competitors

Price History & Performance

Summary of all time highs, changes and price drops for BellRing Brands
Historical stock prices
Current Share PriceUS$21.39
52 Week HighUS$32.24
52 Week LowUS$20.36
Beta0.89
1 Month Change-11.61%
3 Month Change-14.06%
1 Year Change-32.29%
3 Year Changen/a
5 Year Changen/a
Change since IPO29.64%

Recent News & Updates

Sep 09
A Look At The Fair Value Of BellRing Brands, Inc. (NYSE:BRBR)

A Look At The Fair Value Of BellRing Brands, Inc. (NYSE:BRBR)

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of BellRing Brands, Inc...

Shareholder Returns

BRBRUS Personal ProductsUS Market
7D-6.8%-4.7%-2.0%
1Y-32.3%-26.7%-20.3%

Return vs Industry: BRBR underperformed the US Personal Products industry which returned -28.1% over the past year.

Return vs Market: BRBR underperformed the US Market which returned -22.1% over the past year.

Price Volatility

Is BRBR's price volatile compared to industry and market?
BRBR volatility
BRBR Average Weekly Movement5.6%
Personal Products Industry Average Movement9.4%
Market Average Movement6.9%
10% most volatile stocks in US Market15.8%
10% least volatile stocks in US Market2.8%

Stable Share Price: BRBR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: BRBR's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2019355Darcy Davenporthttps://bellring.com

BellRing Brands, Inc., together with its subsidiaries, provides various nutrition products in the United States and internationally. It offers ready-to-drink shake and powder protein products primarily under the Premier Protein and Dymatize brands. The company sells its products through club, food, drug, mass, eCommerce, specialty, and convenience channels.

BellRing Brands Fundamentals Summary

How do BellRing Brands's earnings and revenue compare to its market cap?
BRBR fundamental statistics
Market CapUS$2.91b
Earnings (TTM)US$58.30m
Revenue (TTM)US$1.33b

50.0x

P/E Ratio

2.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BRBR income statement (TTM)
RevenueUS$1.33b
Cost of RevenueUS$936.80m
Gross ProfitUS$395.50m
Other ExpensesUS$337.20m
EarningsUS$58.30m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.43
Gross Margin29.69%
Net Profit Margin4.38%
Debt/Equity Ratio-234.7%

How did BRBR perform over the long term?

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

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings 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 BRBR?

Other financial metrics that can be useful for relative valuation.

BRBR 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/Revenue2.8x
Enterprise Value/EBITDA15.6x
PEG Ratio1.3x

Price to Earnings Ratio vs Peers

How does BRBR's PE Ratio compare to its peers?

BRBR PE Ratio vs Peers
The above table shows the PE ratio for BRBR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average29.9x
IPAR Inter Parfums
24x9.8%US$2.4b
ELF e.l.f. Beauty
71.8x27.5%US$2.0b
HLF Herbalife Nutrition
6.3x8.4%US$2.1b
EPC Edgewell Personal Care
17.7x16.3%US$1.9b
BRBR BellRing Brands
50x39.3%US$2.9b

Price-To-Earnings vs Peers: BRBR is expensive based on its Price-To-Earnings Ratio (50x) compared to the peer average (29.9x).


Price to Earnings Ratio vs Industry

How does BRBR's PE Ratio compare vs other companies in the US Personal Products Industry?

Price-To-Earnings vs Industry: BRBR is expensive based on its Price-To-Earnings Ratio (50x) compared to the US Personal Products industry average (15.4x)


Price to Earnings Ratio vs Fair Ratio

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

BRBR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio50x
Fair PE Ratio37.9x

Price-To-Earnings vs Fair Ratio: BRBR is expensive based on its Price-To-Earnings Ratio (50x) compared to the estimated Fair Price-To-Earnings Ratio (37.9x).


Share Price vs Fair Value

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

Below Fair Value: BRBR ($21.39) is trading below our estimate of fair value ($26.23)

Significantly Below Fair Value: BRBR is trading below fair value, but not by a significant amount.


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 and analysts are within a statistically confident range of agreement.


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Future Growth

How is BellRing Brands forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


39.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BRBR's forecast earnings growth (39.3% per year) is above the savings rate (1.9%).

Earnings vs Market: BRBR's earnings (39.3% per year) are forecast to grow faster than the US market (14.8% per year).

High Growth Earnings: BRBR's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: BRBR's revenue (9.4% per year) is forecast to grow faster than the US market (7.6% per year).

High Growth Revenue: BRBR's revenue (9.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if BRBR's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has BellRing Brands performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


2.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BRBR has high quality earnings.

Growing Profit Margin: BRBR's current net profit margins (4.4%) are higher than last year (2.3%).


Past Earnings Growth Analysis

Earnings Trend: BRBR's earnings have grown by 2% per year over the past 5 years.

Accelerating Growth: BRBR's earnings growth over the past year (109%) exceeds its 5-year average (2% per year).

Earnings vs Industry: BRBR earnings growth over the past year (109%) exceeded the Personal Products industry -4.8%.


Return on Equity

High ROE: BRBR's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


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Financial Health

How is BellRing Brands's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: BRBR has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: BRBR has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: BRBR has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: BRBR's has negative shareholder equity, so we do not need to check if its debt has reduced over time.

Debt Coverage: BRBR's debt is not well covered by operating cash flow (10%).

Interest Coverage: BRBR's interest payments on its debt are well covered by EBIT (5.2x coverage).


Balance Sheet


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Dividend

What is BellRing Brands's 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

BellRing Brands Dividend Yield vs Market
How does BellRing Brands dividend yield compare to the market?
SegmentDividend Yield
Company (BellRing Brands)n/a
Market Bottom 25% (US)1.6%
Market Top 25% (US)4.6%
Industry Average (Personal Products)1.3%
Analyst forecast in 3 Years (BellRing Brands)0%

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

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

Growing Dividend: Insufficient data to determine if BRBR'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 BRBR has not reported any payouts.


Discover strong dividend paying companies

Management

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

3.0yrs

Average management tenure


CEO

Darcy Davenport (49 yo)

2.92yrs

Tenure

US$3,565,067

Compensation

Ms. Darcy Horn Davenport has been President and Chief Executive Officer at BellRing Brands, Inc. since September 2019 and its Director since October 2019. She has been the President and Chief Executive Off...


CEO Compensation Analysis

Darcy Davenport's Compensation vs BellRing Brands Earnings
How has Darcy Davenport's remuneration changed compared to BellRing Brands's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

US$58m

Mar 31 2022n/an/a

US$29m

Dec 31 2021n/an/a

US$28m

Sep 30 2021US$4mUS$625k

US$28m

Jun 30 2021n/an/a

US$28m

Mar 31 2021n/an/a

US$22m

Dec 31 2020n/an/a

US$25m

Sep 30 2020US$3mUS$625k

US$24m

Jun 30 2020n/an/a

US$14m

Mar 31 2020n/an/a

US$10m

Dec 31 2019n/an/a

US$6m

Sep 30 2019US$4mUS$518k

US$0

Jun 30 2019n/an/a

US$26m

Mar 31 2019n/an/a

US$55m

Dec 31 2018n/an/a

US$76m

Sep 30 2018n/an/a

US$0

Compensation vs Market: Darcy's total compensation ($USD3.57M) is below average for companies of similar size in the US market ($USD6.87M).

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


Leadership Team

Experienced Management: BRBR's management team is considered experienced (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.


Recent Insider Transactions

NYSE:BRBR Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
12 May 22BuyUS$47,340Elliot SteinIndividual2,000US$23.67

Ownership Breakdown

What is the ownership structure of BRBR?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders1,063,3600.8%
General Public1,110,4870.8%
Hedge Funds13,656,80310.0%
Public Companies19,397,33914.2%
Institutions101,016,41774.1%

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


Top Shareholders

Top 25 shareholders own 77.7% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
14.24%
Post Holdings, Inc.
19,397,339$414.9m0%no data
10.8%
BlackRock, Inc.
14,712,300$314.7m11.3%0.01%
10.02%
Route One Investment Company, L.P.
13,656,803$292.1m0%8.25%
8.33%
The Vanguard Group, Inc.
11,354,699$242.9m5%0.01%
4.91%
T. Rowe Price Group, Inc.
6,684,211$143.0m1.48%0.02%
4.12%
J.P. Morgan Asset Management, Inc.
5,615,007$120.1m4.72%0.02%
2.65%
State Street Global Advisors, Inc.
3,607,880$77.2m-1.88%no data
1.94%
Franklin Resources, Inc.
2,649,228$56.7m-5.24%0.02%
1.91%
Dimensional Fund Advisors LP
2,597,050$55.6m-4.72%0.01%
1.77%
The London Company of Virginia, LLC
2,414,950$51.7m-21.74%0.33%
1.66%
Diamond Hill Capital Management, Inc.
2,259,462$48.3m-2.87%0.22%
1.42%
Manulife Asset Management
1,939,669$41.5m-18.65%0.04%
1.41%
Geode Capital Management, LLC
1,918,044$41.0m-1.21%0.01%
1.36%
Iridian Asset Management LLC
1,848,104$39.5m-1.43%3.32%
1.34%
Victory Capital Management Inc.
1,824,938$39.0m4749.3%0.04%
1.21%
Stephens Investment Management Group, LLC
1,654,675$35.4m0.71%0.67%
1.11%
Invesco Ltd.
1,508,705$32.3m-0.35%0.01%
1.09%
Teachers Insurance and Annuity Association-College Retirement Equities Fund
1,486,272$31.8m127.54%0.01%
1.07%
Northern Trust Global Investments
1,458,003$31.2m2.33%0.01%
1.05%
Argent Capital Management LLC
1,424,531$30.5m60.98%1.18%
1%
Wellington Management Group LLP
1,365,463$29.2m15.25%0.01%
0.95%
Point72 Asset Management, L.P.
1,291,196$27.6m-51.84%0.08%
0.8%
Wasatch Advisors Inc
1,092,949$23.4m0%0.12%
0.78%
BNY Mellon Asset Management
1,064,848$22.8m0.06%0.01%
0.76%
Managed Account Advisors LLC
1,030,220$22.0m-1.92%0.01%

Company Information

BellRing Brands, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: BellRing Brands, Inc.
  • Ticker: BRBR
  • Exchange: NYSE
  • Founded: 2019
  • Industry: Personal Products
  • Sector: Household
  • Implied Market Cap: US$2.914b
  • Shares outstanding: 136.24m
  • Website: https://bellring.com

Number of Employees


Location

  • BellRing Brands, Inc.
  • 2503 South Hanley Road
  • Saint Louis
  • Missouri
  • 63144
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BRBRNYSE (New York Stock Exchange)YesCommon SharesUSUSDOct 2019

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/28 00:00
End of Day Share Price2022/09/28 00:00
Earnings2022/06/30
Annual Earnings2021/09/30


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.