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BAT

BraitJSE:BAT Stock Report

Market Cap

R5.4b

7D

-1.4%

1Y

2.8%

Updated

25 Oct, 2021

Data

Company Financials
BAT fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance3/6
Financial Health2/6
Dividends0/6

BAT Overview

Brait PLC, an investment holding company, focuses on its investment portfolio of sizeable unlisted businesses operating in the consumer sector.

Brait Competitors

Industria de Diseño Textil

BME:ITX

€95.7b

Associated British Foods

LSE:ABF

UK£13.8b

NEXT

LSE:NXT

UK£10.1b

Marks and Spencer Group

LSE:MKS

UK£3.6b

Price History & Performance

Summary of all time highs, changes and price drops for Brait
Historical stock prices
Current Share PriceR4.08
52 Week HighR2.30
52 Week LowR4.60
Beta0.69
1 Month Change1.75%
3 Month Change43.16%
1 Year Change2.77%
3 Year Change-88.88%
5 Year Change-95.45%
Change since IPO-79.60%

Recent News & Updates

Shareholder Returns

BATZA Capital MarketsZA Market
7D-1.4%-1.7%-0.3%
1Y2.8%52.9%19.5%

Return vs Industry: BAT underperformed the ZA Capital Markets industry which returned 54.2% over the past year.

Return vs Market: BAT underperformed the ZA Market which returned 19% over the past year.

Price Volatility

Is BAT's price volatile compared to industry and market?
BAT volatility
BAT Beta0.69
Industry Beta0.89
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
2011n/an/ahttps://www.brait.com

Brait PLC, an investment holding company, focuses on its investment portfolio of sizeable unlisted businesses operating in the consumer sector. Its primary investment portfolio includes Virgin Active, Premier, and New Look. The company’s New Look business offers clothing products, footwear, and accessories for women and teenage girls; and provides menswear through online.

Brait Fundamentals Summary

How do Brait's earnings and revenue compare to its market cap?
BAT fundamental statistics
Market Cap€315.26m
Earnings (TTM)€25.00m
Revenue (TTM)€82.00m

12.6x

P/E Ratio

3.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BAT income statement (TTM)
Revenue€82.00m
Cost of Revenue€8.00m
Gross Profit€74.00m
Expenses€49.00m
Earnings€25.00m

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.019
Gross Margin90.24%
Net Profit Margin30.49%
Debt/Equity Ratio59.2%

How did BAT perform over the long term?

See historical performance and comparison

Valuation

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

12.62x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate BAT's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate BAT's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: BAT is poor value based on its PE Ratio (12.6x) compared to the ZA Capital Markets industry average (11.4x).

PE vs Market: BAT is poor value based on its PE Ratio (12.6x) compared to the ZA market (11.3x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BAT is good value based on its PB Ratio (0.5x) compared to the ZA Capital Markets industry average (0.8x).


Future Growth

How is Brait forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.2%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Brait has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Brait performed over the past 5 years?

-18.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BAT has high quality earnings.

Growing Profit Margin: BAT became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: BAT has become profitable over the past 5 years, growing earnings by -18.9% per year.

Accelerating Growth: BAT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: BAT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (35.2%).


Return on Equity

High ROE: BAT's Return on Equity (4.2%) is considered low.


Financial Health

How is Brait's financial position?


Financial Position Analysis

Short Term Liabilities: BAT's short term assets (€15.0M) exceed its short term liabilities (€7.0M).

Long Term Liabilities: BAT's short term assets (€15.0M) do not cover its long term liabilities (€356.0M).


Debt to Equity History and Analysis

Debt Level: BAT's debt to equity ratio (59.2%) is considered high.

Reducing Debt: BAT's debt to equity ratio has increased from 11.1% to 59.2% over the past 5 years.

Debt Coverage: BAT's debt is well covered by operating cash flow (27.8%).

Interest Coverage: BAT's interest payments on its debt are not well covered by EBIT (2.3x coverage).


Balance Sheet


Dividend

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


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: BAT is not paying a notable dividend for the ZA market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BAT's dividend in 3 years as they are not forecast to pay a notable one for the ZA market.


Next Steps

Management

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

1.2yrs

Average board tenure


CEO

Brait has no CEO, or we have no data on them.


Board Members

Experienced Board: BAT's board of directors are not considered experienced ( 1.2 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Brait PLC's employee growth, exchange listings and data sources


Key Information

  • Name: Brait PLC
  • Ticker: BAT
  • Exchange: JSE
  • Founded: 2011
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: R5.386b
  • Shares outstanding: 1.32b
  • Website: https://www.brait.com

Location

  • Brait PLC
  • Avantech Building
  • 4th Floor
  • San Gwann
  • 2805
  • Malta

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 21:33
End of Day Share Price2021/10/25 00:00
Earnings2021/03/31
Annual Earnings2021/03/31


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.