company background image
BIK

BrikorJSE:BIK Stock Report

Last Price

R0.40

Market Cap

R328.9m

7D

0%

1Y

150.0%

Updated

23 Jan, 2022

Data

Company Financials
BIK fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends0/6

BIK Stock Overview

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

Price History & Performance

Summary of all time highs, changes and price drops for Brikor
Historical stock prices
Current Share PriceR0.40
52 Week HighR3.20
52 Week LowR0.16
Beta1.29
1 Month Change-9.09%
3 Month Change-48.72%
1 Year Change150.00%
3 Year Changen/a
5 Year Changen/a
Change since IPO-75.76%

Recent News & Updates

Nov 24
Brikor (JSE:BIK) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

Brikor (JSE:BIK) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

Brikor Limited ( JSE:BIK ) announced strong profits, but the stock was stagnant. We did some digging, and we found some...

Shareholder Returns

BIKZA Basic MaterialsZA Market
7D0%2.6%-0.3%
1Y150.0%16.7%13.9%

Return vs Industry: BIK exceeded the ZA Basic Materials industry which returned 16.7% over the past year.

Return vs Market: BIK exceeded the ZA Market which returned 13.9% over the past year.

Price Volatility

Is BIK's price volatile compared to industry and market?
BIK volatility
BIK Average Weekly Movement12.5%
Basic Materials Industry Average Movement5.0%
Market Average Movement5.7%
10% most volatile stocks in ZA Market12.1%
10% least volatile stocks in ZA Market3.3%

Stable Share Price: BIK is more volatile than 90% of ZA stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: BIK's weekly volatility has decreased from 25% to 13% over the past year, but is still higher than 75% of ZA stocks.

About the Company

FoundedEmployeesCEOWebsite
1994n/aGarnett Parkinhttps://brikor.co.za

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 provision of plaster bricks and semi-face clay bricks; coal mining operations; and transportation services and ancillary products.

Brikor Fundamentals Summary

How do Brikor's earnings and revenue compare to its market cap?
BIK fundamental statistics
Market CapR328.94m
Earnings (TTM)R22.73m
Revenue (TTM)R282.48m

Earnings & Revenue

Key profitability statistics from the latest earnings report
BIK income statement (TTM)
RevenueR282.48m
Cost of RevenueR210.76m
Gross ProfitR71.72m
ExpensesR48.99m
EarningsR22.73m

Last Reported Earnings

Aug 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.028
Gross Margin25.39%
Net Profit Margin8.05%
Debt/Equity Ratio22.9%

How did BIK perform over the long term?

See historical performance and comparison

Valuation

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

14.47x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BIK (ZAR0.4) is trading above our estimate of fair value (ZAR0.36)

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


Price To Earnings Ratio

PE vs Industry: BIK is poor value based on its PE Ratio (14.5x) compared to the African Basic Materials industry average (11.2x).

PE vs Market: BIK is poor value based on its PE Ratio (14.5x) compared to the ZA market (10.9x).


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 (2.8x) compared to the XF Basic Materials industry average (1.6x).


Future Growth

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

6.3%

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.


Past Performance

How has Brikor performed over the past 5 years?

-26.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BIK has high quality earnings.

Growing Profit Margin: BIK became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: BIK's earnings have declined by 26.5% per year over the past 5 years.

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

Earnings vs Industry: BIK has become profitable in the last year, making it difficult to compare its past year earnings growth to the Basic Materials industry (54.2%).


Return on Equity

High ROE: BIK's Return on Equity (19.2%) is considered low.


Financial Health

How is Brikor's financial position?


Financial Position Analysis

Short Term Liabilities: BIK's short term assets (ZAR100.8M) exceed its short term liabilities (ZAR80.4M).

Long Term Liabilities: BIK's short term assets (ZAR100.8M) exceed its long term liabilities (ZAR76.5M).


Debt to Equity History and Analysis

Debt Level: BIK's net debt to equity ratio (5.4%) is considered satisfactory.

Reducing Debt: BIK's debt to equity ratio has reduced from 84.9% to 22.9% over the past 5 years.

Debt Coverage: BIK's debt is well covered by operating cash flow (77.4%).

Interest Coverage: BIK's interest payments on its debt are well covered by EBIT (6.5x coverage).


Balance Sheet


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?

6.2yrs

Average management tenure


CEO

Garnett Parkin (39 yo)

6.17yrs

Tenure

R2,580,000

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 ($USD171.17K) is below average for companies of similar size in the ZA market ($USD258.93K).

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


Leadership Team

Experienced Management: BIK's management team is seasoned and experienced (6.2 years average tenure).


Board Members

Experienced Board: BIK's board of directors are considered experienced (3.1 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 30.7%.


Top Shareholders

Company Information

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


Key Information

  • Name: Brikor Limited
  • Ticker: BIK
  • Exchange: JSE
  • Founded: 1994
  • Industry: Construction Materials
  • Sector: Materials
  • Implied Market Cap: R328.937m
  • Shares outstanding: 822.34m
  • Website: https://brikor.co.za

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/23 17:00
End of Day Share Price2022/01/21 00:00
Earnings2021/08/31
Annual Earnings2021/02/28


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.