JSE:BIK

Stock Analysis Report

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Executive Summary

Brikor Limited, together with its subsidiaries, manufactures and supplies building and construction materials in South Africa. More Details


Snowflake Analysis

Excellent balance sheet and slightly overvalued.

Share Price & News

How has Brikor's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BIK is more volatile than 90% of ZA stocks over the past 3 months, typically moving +/- 47% a day.

Volatility Over Time: BIK's weekly volatility has increased from 75% to 105% over the past year.


Market Performance


7 Day Return

-5.9%

BIK

0.1%

ZA Basic Materials

1.6%

ZA Market


1 Year Return

n/a

BIK

26.5%

ZA Basic Materials

2.0%

ZA Market

Return vs Industry: Insufficient data to determine how BIK performed against the ZA Basic Materials industry.

Return vs Market: Insufficient data to determine how BIK performed against the ZA Market.


Shareholder returns

BIKIndustryMarket
7 Day-5.9%0.1%1.6%
30 Day166.7%6.4%6.6%
90 Day166.7%45.6%11.8%
1 Yearn/a34.4%26.5%7.5%2.0%
3 Yearn/a-4.7%-19.6%1.8%-18.7%
5 Yearn/a45.8%7.7%43.0%7.0%

Long-Term Price Volatility Vs. Market

How volatile is Brikor's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Brikor 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: BIK (ZAR0.16) is trading below our estimate of fair value (ZAR2.61)

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


Price To Earnings Ratio

PE vs Industry: BIK is unprofitable, so we can't compare its PE Ratio to the XF Basic Materials industry average.

PE vs Market: BIK 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 BIK's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BIK is overvalued based on its PB Ratio (1.5x) compared to the XF Basic Materials industry average (1.2x).


Next Steps

Future Growth

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

8.8%

Forecasted Materials 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 Brikor 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.


Next Steps

Past Performance

How has Brikor performed over the past 5 years?

-46.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BIK is currently unprofitable.

Growing Profit Margin: BIK is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BIK is unprofitable, and losses have increased over the past 5 years at a rate of 46.3% per year.

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

Earnings vs Industry: BIK is unprofitable, making it difficult to compare its past year earnings growth to the Basic Materials industry (-7.9%).


Return on Equity

High ROE: BIK has a negative Return on Equity (-17.29%), as it is currently unprofitable.


Next Steps

Financial Health

How is Brikor's financial position?


Financial Position Analysis

Short Term Liabilities: BIK's short term assets (ZAR94.0M) exceed its short term liabilities (ZAR65.7M).

Long Term Liabilities: BIK's short term assets (ZAR94.0M) exceed its long term liabilities (ZAR76.1M).


Debt to Equity History and Analysis

Debt Level: BIK's debt to equity ratio (20.4%) is considered satisfactory.

Reducing Debt: BIK's debt to equity ratio has reduced from 105.4% to 20.4% over the past 5 years.

Debt Coverage: BIK's debt is well covered by operating cash flow (139.6%).

Interest Coverage: Insufficient data to determine if BIK's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

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

5.2yrs

Average management tenure


CEO

Garnett Parkin (38 yo)

5.17yrs

Tenure

R2,561,000

Compensation

Mr. Garnett Parkin Jr., has been the Chief Executive Officer of Brikor Ltd since November 11, 2015 and served as its Acting Chief Executive Officer from January 17, 2015 to November 2015. Mr. Parkin also s...


CEO Compensation Analysis

Compensation vs Market: Garnett's total compensation ($USD172.28K) is below average for companies of similar size in the ZA market ($USD313.68K).

Compensation vs Earnings: Garnett's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Garnett Parkin
CEO & Director5.17yrsR2.56m17.08%
ZAR 17.2m
Laura Craig
Chief Financial Officer2.92yrsR1.93mno data
Taryn De Beer
Group Compliance Officer5yrsno datano data
Frans du Toit
Sales Managerno datano datano data
Ronel Coetzee
Human Resources Manager12.67yrsno datano data
Karen du Toit
Chief Risk Officer & Internal Control Manager6yrsno datano data
JC le Grange
Geologist3yrsno datano data
Hennie Viljoen
Financial Controller20.5yrsno datano data
Thelma Jooste
Executive Officerno dataR1.20mno data
Joaret Botha
Finance Director & Director0.58yrno datano data

5.2yrs

Average Tenure

38yo

Average Age

Experienced Management: BIK's management team is seasoned and experienced (5.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Garnett Parkin
CEO & Director5.17yrsR2.56m17.08%
ZAR 17.2m
Joaret Botha
Finance Director & Director0.58yrno datano data
Mamsy Mokate
Lead Independent Director0.50yrR208.00kno data
Allan Pellow
Independent Non-Executive Chairperson2.92yrsR349.00kno data
Steve Naude
Independent Non Executive Director1.25yrsR76.00kno data
Kinney Kinamela Moremoholo
Non-Executive Director0.083yrno datano data

0.9yrs

Average Tenure

60yo

Average Age

Experienced Board: BIK's board of directors are not considered experienced ( 0.9 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

Brikor Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Brikor Limited
  • Ticker: BIK
  • Exchange: JSE
  • Founded: 1998
  • Industry: Construction Materials
  • Sector: Materials
  • Market Cap: R100.695m
  • Shares outstanding: 629.34m
  • Website: https://brikor.co.za

Number of Employees


Location

  • Brikor Limited
  • 1 Marievale Road
  • Vorsterskroon
  • Nigel
  • Gauteng
  • 1490
  • South Africa

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BIKJSE (The Johannesburg Securities Exchange)YesOrdinary SharesZAZARAug 2007

Biography

Brikor Limited, together with its subsidiaries, manufactures and supplies building and construction materials in South Africa. The company operates through Bricks and Coal segments. It is involved in the p...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/22 17:04
End of Day Share Price2021/01/21 00:00
Earnings2020/08/31
Annual Earnings2020/02/29


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.