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BRT

Brimstone InvestmentJSE:BRT Stock Report

Market Cap

R1.6b

7D

-7.7%

1Y

33.3%

Updated

20 Oct, 2021

Data

Company Financials
BRT fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance2/6
Financial Health3/6
Dividends0/6

BRT Overview

Brimstone Investment Corporation Limited, an investment holding company, engages in food, insurance, clothing, and investment businesses.

Price History & Performance

Summary of all time highs, changes and price drops for Brimstone Investment
Historical stock prices
Current Share PriceR6.00
52 Week HighR3.81
52 Week LowR7.91
Beta0.11
1 Month Change9.09%
3 Month Change-11.11%
1 Year Change33.33%
3 Year Change-34.43%
5 Year Change-53.85%
Change since IPO3.45%

Recent News & Updates

Mar 09
These 4 Measures Indicate That Brimstone Investment (JSE:BRT) Is Using Debt In A Risky Way

These 4 Measures Indicate That Brimstone Investment (JSE:BRT) Is Using Debt In A Risky Way

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Shareholder Returns

BRTZA FoodZA Market
7D-7.7%0.8%1.0%
1Y33.3%4.0%20.8%

Return vs Industry: BRT exceeded the ZA Food industry which returned 4% over the past year.

Return vs Market: BRT exceeded the ZA Market which returned 20.8% over the past year.

Price Volatility

Is BRT's price volatile compared to industry and market?
BRT volatility
BRT Beta0.11
Industry Beta0.32
Market Beta1

Stable Share Price: BRT is more volatile than 75% of ZA stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: BRT's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of ZA stocks.

About the Company

FoundedEmployeesCEOWebsite
19954,684Mustaq Enus-Breyhttps://www.brimstone.co.za

Brimstone Investment Corporation Limited, an investment holding company, engages in food, insurance, clothing, and investment businesses. The company is involved in the fishing of cape hakes, shark bay tigers, and king prawns; processing and marketing of frozen and chilled seafood products; and provision of short-term insurance products primarily for property, motor, marine, engineering, liability, and miscellaneous lines. It also designs, manufactures, and markets men's and ladies clothing products, as well as accessories.

Brimstone Investment Fundamentals Summary

How do Brimstone Investment's earnings and revenue compare to its market cap?
BRT fundamental statistics
Market CapR1.59b
Earnings (TTM)R251.36m
Revenue (TTM)R4.90b

6.3x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BRT income statement (TTM)
RevenueR4.90b
Cost of RevenueR4.24b
Gross ProfitR653.49m
ExpensesR402.13m
EarningsR251.36m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.95
Gross Margin13.34%
Net Profit Margin5.13%
Debt/Equity Ratio94.9%

How did BRT perform over the long term?

See historical performance and comparison

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BRT (ZAR6) is trading below our estimate of fair value (ZAR59.61)

Significantly Below Fair Value: BRT is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BRT is good value based on its PE Ratio (6.3x) compared to the ZA Food industry average (11.4x).

PE vs Market: BRT is good value based on its PE Ratio (6.3x) compared to the ZA market (11.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BRT is good value based on its PB Ratio (0.6x) compared to the ZA Food industry average (1.2x).


Future Growth

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

15.1%

Forecasted Food, Beverage & Tobacco 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 Brimstone Investment 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 Brimstone Investment performed over the past 5 years?

-4.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BRT has a large one-off loss of ZAR464.7M impacting its June 30 2021 financial results.

Growing Profit Margin: BRT became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: BRT has become profitable over the past 5 years, growing earnings by -4.5% per year.

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

Earnings vs Industry: BRT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Food industry (0.6%).


Return on Equity

High ROE: BRT's Return on Equity (11.3%) is considered low.


Financial Health

How is Brimstone Investment's financial position?


Financial Position Analysis

Short Term Liabilities: BRT's short term assets (ZAR2.3B) exceed its short term liabilities (ZAR1.4B).

Long Term Liabilities: BRT's short term assets (ZAR2.3B) do not cover its long term liabilities (ZAR4.3B).


Debt to Equity History and Analysis

Debt Level: BRT's debt to equity ratio (94.9%) is considered high.

Reducing Debt: BRT's debt to equity ratio has reduced from 129% to 94.9% over the past 5 years.

Debt Coverage: BRT's debt is well covered by operating cash flow (22.8%).

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


Balance Sheet


Dividend

What is Brimstone Investment current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BRT'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?

6.6yrs

Average management tenure


CEO

Mustaq Enus-Brey (67 yo)

no data

Tenure

R7,816,000

Compensation

Mr. Mustaq Ahmed Enus-Brey, BCompt (Hons), CA(SA) is Co-Founder and Chief Executive Officer at Brimstone Investment Corporation Limited. Mr. Enus-Brey has been the Chairman of Oceana Group Ltd. since Febru...


CEO Compensation Analysis

Compensation vs Market: Mustaq's total compensation ($USD540.88K) is above average for companies of similar size in the ZA market ($USD276.78K).

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


Leadership Team

Experienced Management: BRT's management team is seasoned and experienced (6.6 years average tenure).


Board Members

Experienced Board: BRT's board of directors are seasoned and experienced ( 11.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: BRT 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

Brimstone Investment Corporation Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Brimstone Investment Corporation Limited
  • Ticker: BRT
  • Exchange: JSE
  • Founded: 1995
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: R1.591b
  • Shares outstanding: 265.13m
  • Website: https://www.brimstone.co.za

Number of Employees


Location

  • Brimstone Investment Corporation Limited
  • Slade House
  • 1st Floor, Boundary Terraces
  • Cape Town
  • Western Cape
  • 7700
  • South Africa

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/20 22:01
End of Day Share Price2021/10/20 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.