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BAW

BarloworldJSE:BAW Stock Report

Market Cap

R26.5b

7D

-2.5%

1Y

101.2%

Updated

21 Oct, 2021

Data

Company Financials +
BAW fundamental analysis
Snowflake Score
Valuation0/6
Future Growth3/6
Past Performance0/6
Financial Health3/6
Dividends2/6

BAW Overview

Barloworld Limited distributes products that provide integrated rental, fleet management, product support, and logistics solutions in South Africa, Europe, and Russia.

Barloworld Competitors

Bidvest Group

JSE:BVT

R63.9b

Motus Holdings

JSE:MTH

R18.8b

Imperial Logistics

JSE:IPL

R12.0b

Price History & Performance

Summary of all time highs, changes and price drops for Barloworld
Historical stock prices
Current Share PriceR124.64
52 Week HighR55.74
52 Week LowR129.50
Beta0.75
1 Month Change28.39%
3 Month Change15.86%
1 Year Change101.23%
3 Year Change7.60%
5 Year Change44.93%
Change since IPO149.28%

Recent News & Updates

Shareholder Returns

BAWZA Trade DistributorsZA Market
7D-2.5%-0.8%0.9%
1Y101.2%91.7%19.9%

Return vs Industry: BAW exceeded the ZA Trade Distributors industry which returned 91.7% over the past year.

Return vs Market: BAW exceeded the ZA Market which returned 19.9% over the past year.

Price Volatility

Is BAW's price volatile compared to industry and market?
BAW volatility
BAW Beta0.75
Industry Beta0.79
Market Beta1

Stable Share Price: BAW is not significantly more volatile than the rest of ZA stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: BAW's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19027,997Dominic Sewelahttps://www.barloworld.com

Barloworld Limited distributes products that provide integrated rental, fleet management, product support, and logistics solutions in South Africa, Europe, and Russia. The company operates through Equipment and Handling, and Automotive and Logistics segments. It offers short-term vehicle rental services; long-term leasing and fleet management services; insurance products; aftermarket service, including parts sales; and salvage management solution.

Barloworld Fundamentals Summary

How do Barloworld's earnings and revenue compare to its market cap?
BAW fundamental statistics
Market CapR26.51b
Earnings (TTM)-R210.00m
Revenue (TTM)R51.99b

0.5x

P/S Ratio

-126.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BAW income statement (TTM)
RevenueR51.99b
Cost of RevenueR46.49b
Gross ProfitR5.50b
ExpensesR5.71b
Earnings-R210.00m

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

Nov 22, 2021

Earnings per share (EPS)-0.99
Gross Margin10.58%
Net Profit Margin-0.40%
Debt/Equity Ratio64.0%

How did BAW perform over the long term?

See historical performance and comparison

Dividends

2.2%

Current Dividend Yield

-127%

Payout Ratio

Valuation

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

1.33x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: BAW (ZAR124.64) is trading above our estimate of fair value (ZAR37.09)

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


Price To Earnings Ratio

PE vs Industry: BAW is unprofitable, so we can't compare its PE Ratio to the ZA Trade Distributors industry average.

PE vs Market: BAW is unprofitable, so we can't compare its PE Ratio to the ZA market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BAW is overvalued based on its PB Ratio (1.3x) compared to the ZA Trade Distributors industry average (0.8x).


Future Growth

How is Barloworld forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

38.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BAW is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (8.8%).

Earnings vs Market: BAW is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: BAW's is expected to become profitable in the next 3 years.

Revenue vs Market: BAW's revenue (3.5% per year) is forecast to grow slower than the ZA market (6.3% per year).

High Growth Revenue: BAW's revenue (3.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BAW's Return on Equity is forecast to be low in 3 years time (11.8%).


Past Performance

How has Barloworld performed over the past 5 years?

-34.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BAW is currently unprofitable.

Growing Profit Margin: BAW is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BAW is unprofitable, and losses have increased over the past 5 years at a rate of 34.1% per year.

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

Earnings vs Industry: BAW is unprofitable, making it difficult to compare its past year earnings growth to the Trade Distributors industry (19.1%).


Return on Equity

High ROE: BAW has a negative Return on Equity (-1.09%), as it is currently unprofitable.


Financial Health

How is Barloworld's financial position?


Financial Position Analysis

Short Term Liabilities: BAW's short term assets (ZAR31.1B) exceed its short term liabilities (ZAR22.4B).

Long Term Liabilities: BAW's short term assets (ZAR31.1B) exceed its long term liabilities (ZAR9.9B).


Debt to Equity History and Analysis

Debt Level: BAW's debt to equity ratio (64%) is considered high.

Reducing Debt: BAW's debt to equity ratio has increased from 61.6% to 64% over the past 5 years.

Debt Coverage: BAW's debt is well covered by operating cash flow (66.8%).

Interest Coverage: BAW's interest payments on its debt are not well covered by EBIT (2.4x coverage).


Balance Sheet


Dividend

What is Barloworld current dividend yield, its reliability and sustainability?

2.20%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BAW's dividend (2.2%) isn’t notable compared to the bottom 25% of dividend payers in the ZA market (3.08%).

High Dividend: BAW's dividend (2.2%) is low compared to the top 25% of dividend payers in the ZA market (8.02%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: BAW is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: BAW's dividends in 3 years are forecast to be well covered by earnings (39.5% payout ratio).


Next Steps

Management

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

3.0yrs

Average management tenure


CEO

Dominic Sewela (55 yo)

4.67yrs

Tenure

R10,470,000

Compensation

Mr. Dominic Malentsha Sewela, BSc Chemical Engineering, has been Group Chief Executive of Barloworld Limited since 2019 and had been its Chief Executive Officer from February 8, 2017 to 2019. Mr. Sewela se...


CEO Compensation Analysis

Compensation vs Market: Dominic's total compensation ($USD718.20K) is about average for companies of similar size in the ZA market ($USD944.32K).

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


Leadership Team

Experienced Management: BAW's management team is considered experienced (3 years average tenure).


Board Members

Experienced Board: BAW's board of directors are considered experienced (4.3 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

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.8%.


Top Shareholders

Company Information

Barloworld Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Barloworld Limited
  • Ticker: BAW
  • Exchange: JSE
  • Founded: 1902
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: R26.510b
  • Shares outstanding: 212.69m
  • Website: https://www.barloworld.com

Number of Employees


Location

  • Barloworld Limited
  • 61 Katherine Street
  • Sandton
  • Johannesburg
  • Gauteng
  • 2146
  • South Africa

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 20:53
End of Day Share Price2021/10/21 00:00
Earnings2021/03/31
Annual Earnings2020/09/30


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.