Brooks Automation
Market Cap
US$2.1b
Last Updated
2020/04/03 04:16 UTC
Data Sources
Company Financials +
Executive Summary
Brooks Automation, Inc. provides automation and cryogenic solutions worldwide.
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet with reasonable growth potential.
Similar Companies
Share Price & News
How has Brooks Automation's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BRKS's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-1.3%
BRKS
-2.6%
US Semiconductor
-4.1%
US Market
1 Year Return
-7.7%
BRKS
-1.2%
US Semiconductor
-14.9%
US Market
Return vs Industry: BRKS matched the US Semiconductor industry which returned 3.6% over the past year.
Return vs Market: BRKS exceeded the US Market which returned -10.7% over the past year.
Shareholder returns
| BRKS | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.3% | -2.6% | -4.1% |
| 30 Day | -18.7% | -15.4% | -19.1% |
| 90 Day | -31.7% | -18.2% | -23.4% |
| 1 Year | -6.7%-7.7% | 0.7%-1.2% | -13.2%-14.9% |
| 3 Year | 37.5%32.3% | 46.8%38.7% | 10.7%3.5% |
| 5 Year | 182.6%154.7% | 98.6%79.5% | 28.5%14.5% |
Price Volatility Vs. Market
How volatile is Brooks Automation's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Brooks Automation, Inc. (NASDAQ:BRKS) Pays A US$0.10 Dividend In Just 2 Days4 months ago | Simply Wall St
Read This Before Considering Brooks Automation, Inc. (NASDAQ:BRKS) For Its Upcoming US$0.10 Dividend4 months ago | Simply Wall St
Brooks Automation (NASDAQ:BRKS) Could Easily Take On More DebtValuation
Is Brooks Automation undervalued compared to its fair value and its price relative to the market?
14.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BRKS ($30.53) is trading below our estimate of fair value ($33.98)
Significantly Below Fair Value: BRKS is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: BRKS is poor value based on its PE Ratio (134.2x) compared to the Semiconductor industry average (26.7x).
PE vs Market: BRKS is poor value based on its PE Ratio (134.2x) compared to the US market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: BRKS is poor value based on its PEG Ratio (2.8x)
Price to Book Ratio
PB vs Industry: BRKS is good value based on its PB Ratio (1.9x) compared to the US Semiconductor industry average (2.3x).
Next Steps
Future Growth
How is Brooks Automation forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
48.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BRKS's forecast earnings growth (48.7% per year) is above the savings rate (1.7%).
Earnings vs Market: BRKS's earnings (48.7% per year) are forecast to grow faster than the US market (12.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BRKS's revenue (11.4% per year) is forecast to grow faster than the US market (7.2% per year).
High Growth Revenue: BRKS's revenue (11.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BRKS's Return on Equity is forecast to be low in 3 years time (6.5%).
Next Steps
Past Performance
How has Brooks Automation performed over the past 5 years?
34.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BRKS has a large one-off loss of $17.5M impacting its December 31 2019 financial results.
Growing Profit Margin: BRKS's current net profit margins (2%) are lower than last year (10.8%).
Past Earnings Growth Analysis
Earnings Trend: BRKS has become profitable over the past 5 years, growing earnings by 34.1% per year.
Accelerating Growth: BRKS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BRKS had negative earnings growth (-77.3%) over the past year, making it difficult to compare to the Semiconductor industry average (-30.5%).
Return on Equity
High ROE: BRKS's Return on Equity (1.4%) is considered low.
Next Steps
Financial Health
How is Brooks Automation's financial position?
Financial Position Analysis
Short Term Liabilities: BRKS's short term assets ($663.5M) exceed its short term liabilities ($283.0M).
Long Term Liabilities: BRKS's short term assets ($663.5M) exceed its long term liabilities ($117.3M).
Debt to Equity History and Analysis
Debt Level: BRKS's debt to equity ratio (4.4%) is considered satisfactory.
Reducing Debt: BRKS's debt to equity ratio has increased from 0% to 4.4% over the past 5 years.
Debt Coverage: BRKS's debt is well covered by operating cash flow (217.5%).
Interest Coverage: BRKS's interest payments on its debt are well covered by EBIT (3.4x coverage).
Balance Sheet
Inventory Level: BRKS has a low level of unsold assets or inventory.
Debt Coverage by Assets: BRKS's debt is covered by short term assets (assets are 13.1x debt).
Next Steps
Dividend
What is Brooks Automation's current dividend yield, its reliability and sustainability?
1.37%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BRKS's dividend (1.31%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.95%).
High Dividend: BRKS's dividend (1.31%) is low compared to the top 25% of dividend payers in the US market (5.37%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, BRKS has been paying a dividend for less than 10 years.
Growing Dividend: BRKS's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (175.9%), BRKS's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BRKS's dividends in 3 years are forecast to be well covered by earnings (23% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.8yrs
Average management tenure
CEO
Steve Schwartz (60yo)
9.5s
Tenure
US$3,971,406
Compensation
Dr. Stephen S. Schwartz, also known as Steve, has been Chief Executive Officer of Brooks Automation, Inc. since October 1, 2010 and has been its President since May 2016. He serves as Interim General Manag ...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($USD3.97M) is about average for companies of similar size in the US market ($USD4.61M).
Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President | 9.5yrs | US$3.97m | 0.77% $16.3m | |
| Executive VP & CFO | 6.5yrs | US$2.21m | 0.16% $3.3m | |
| Senior VP and Chief Strategy & New Business Officer | 5.83yrs | US$1.10m | 0.12% $2.4m | |
| President of Semiconductor Solutions Group | 1.5yrs | US$1.48m | 0.092% $1.9m | |
| Former President of Life Sciences Services & GENEWIZ | 1.42yrs | US$1.66m | 0.0023% $47.6k | |
| VP of Finance | 6.83yrs | no data | 0.057% $1.2m | |
| Director of Investor Relations | no data | no data | no data | |
| Senior VP | 9.08yrs | no data | 0.14% $2.9m | |
| Vice President of Corporate Development | 9.92yrs | no data | no data | |
| Senior Vice President of Human Resources | 14.5yrs | US$881.63k | 0.16% $3.3m |
6.8yrs
Average Tenure
53yo
Average Age
Experienced Management: BRKS's management team is seasoned and experienced (6.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President | 9.5yrs | US$3.97m | 0.77% $16.3m | |
| Independent Chairman | 13.92yrs | US$300.02k | 0.12% $2.6m | |
| Independent Director | 16.5yrs | US$220.02k | 0.14% $2.9m | |
| Independent Director | 14.5yrs | US$215.02k | 0.15% $3.2m | |
| Independent Director | 1.58yrs | US$212.52k | 0.011% $229.7k | |
| Independent Director | 7.92yrs | US$240.02k | 0.073% $1.5m | |
| Independent Director | 14.42yrs | US$225.02k | 0.14% $2.9m | |
| Independent Director | 14.5yrs | US$230.02k | 0.11% $2.4m | |
| Independent Director | 6.83yrs | US$215.02k | 0.027% $577.9k |
13.9yrs
Average Tenure
69yo
Average Age
Experienced Board: BRKS's board of directors are seasoned and experienced ( 13.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BRKS insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.2%.
Top Shareholders
Company Information
Brooks Automation, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Brooks Automation, Inc.
- Ticker: BRKS
- Exchange: NasdaqGS
- Founded: 1978
- Industry: Semiconductor Equipment
- Sector: Semiconductors
- Market Cap: US$2.107b
- Shares outstanding: 72.31m
- Website: https://www.brooks.com
Number of Employees
Location
- Brooks Automation, Inc.
- 15 Elizabeth Drive
- Chelmsford
- Massachusetts
- 1824
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BRKS | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Feb 1995 |
| BA3 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Feb 1995 |
| 0HQ1 | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Feb 1995 |
| BA3 | BRSE (Berne Stock Exchange) | Yes | Common Stock | CH | CHF | Feb 1995 |
Biography
Brooks Automation, Inc. provides automation and cryogenic solutions worldwide. The company operates in two segments, Brooks Semiconductor Solutions Group and Brooks Life Science Systems. The Brooks Semiconductor Solutions Group segment offers wafer automation and contamination controls solutions and services. Its products include atmospheric and vacuum robots, robotic modules, and tool automation systems that offer precision handling and clean wafer environments; and automated cleaning and inspection systems for wafer carriers, reticle pod cleaners, and stockers. This segment also offers repair, diagnostic, and installation services, as well as spare parts and productivity enhancement upgrade services. The Brooks Life Science Systems segment provides automated cold storage systems; consumables, including various formats of racks, tubes, caps, plates, and foils; and instruments used for labeling, bar coding, capping, de-capping, auditing, sealing, peeling, and piercing tubes and plates. It also provides sample management services, such as on-site and off-site sample storage, cold chain logistics, sample transport and collection relocation, bio-processing solutions, disaster recovery, and business continuity, as well as project management and consulting. In addition, this segment offers sample intelligence software solutions and customer technology integration; laboratory work flow scheduling for life science tools and instrument work cells, sample inventory and logistics, environmental and temperature monitoring, and clinical trial and consent management, as well as planning, data management, virtualization, and visualization services; and gene sequencing analysis and synthesis services. The company serves the semiconductor capital equipment and life sciences sample management markets in approximately 50 countries. Brooks Automation, Inc. was founded in 1978 and is headquartered in Chelmsford, Massachusetts.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/03 04:16 |
| End of Day Share Price | 2020/04/02 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/09/30 |
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.