BRAMBLES LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 14.32 AUD | -0.07% |
|
-0.42% | +5.29% |
| Apr. 23 | Australian shares follow Wall Street higher, miners limit gains | RE |
| Apr. 23 | Brambles Expects 45% to 60% FY24 Dividend Payout Ratio | MT |
Valuation
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 14,366 | 11,288 | 12,361 | 10,240 | 13,339 | 13,168 | - | - |
| Enterprise Value (EV) 1 | 14,464 | 13,000 | 14,416 | 12,958 | 16,063 | 15,638 | 15,178 | 15,129 |
| P/E ratio | 9.81 x | 26 x | 24.2 x | 17.6 x | 19 x | 17.5 x | 15.7 x | 14.5 x |
| Yield | 2.17% | 2.4% | 2.33% | 3.08% | 2.74% | 3.13% | 3.48% | 3.87% |
| Capitalization / Revenue | 3.13 x | 2.38 x | 2.37 x | 1.84 x | 2.2 x | 1.98 x | 1.89 x | 1.81 x |
| EV / Revenue | 3.15 x | 2.75 x | 2.77 x | 2.33 x | 2.64 x | 2.36 x | 2.18 x | 2.08 x |
| EV / EBITDA | 11.2 x | 8.32 x | 8.27 x | 6.99 x | 7.71 x | 6.88 x | 6.3 x | 5.88 x |
| EV / FCF | 111 x | 33.8 x | 28.7 x | 150 x | 32.2 x | 23.7 x | 25.2 x | 22.6 x |
| FCF Yield | 0.9% | 2.95% | 3.49% | 0.67% | 3.1% | 4.22% | 3.97% | 4.43% |
| Price to Book | 3.77 x | 4.1 x | 4.6 x | 4.18 x | 4.65 x | 3.99 x | 3.68 x | 3.18 x |
| Nbr of stocks (in thousands) | 1,589,282 | 1,505,033 | 1,441,184 | 1,386,508 | 1,389,908 | 1,392,640 | - | - |
| Reference price 2 | 9.039 | 7.500 | 8.577 | 7.386 | 9.597 | 9.455 | 9.455 | 9.455 |
| Announcement Date | 8/20/19 | 8/19/20 | 8/17/21 | 8/16/22 | 8/29/23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,595 | 4,734 | 5,210 | 5,559 | 6,077 | 6,635 | 6,963 | 7,278 |
| EBITDA 1 | 1,288 | 1,563 | 1,743 | 1,854 | 2,082 | 2,273 | 2,407 | 2,572 |
| EBIT 1 | 803.7 | 795 | 879.3 | 930 | 1,067 | 1,235 | 1,322 | 1,418 |
| Operating Margin | 17.49% | 16.79% | 16.88% | 16.73% | 17.56% | 18.61% | 18.99% | 19.49% |
| Earnings before Tax (EBT) 1 | 652.4 | 686.2 | 793.7 | 819.9 | 934.2 | 1,088 | 1,203 | 1,304 |
| Net income 1 | 1,468 | 448 | 526.1 | 593.3 | 703.3 | 749.7 | 833.6 | 907.1 |
| Net margin | 31.94% | 9.46% | 10.1% | 10.67% | 11.57% | 11.3% | 11.97% | 12.46% |
| EPS 2 | 0.9210 | 0.2880 | 0.3550 | 0.4190 | 0.5040 | 0.5391 | 0.6006 | 0.6522 |
| Free Cash Flow 1 | 130 | 384.1 | 502.9 | 86.2 | 498.1 | 660.6 | 603.1 | 670.9 |
| FCF margin | 2.83% | 8.11% | 9.65% | 1.55% | 8.2% | 9.96% | 8.66% | 9.22% |
| FCF Conversion (EBITDA) | 10.09% | 24.58% | 28.86% | 4.65% | 23.92% | 29.07% | 25.05% | 26.09% |
| FCF Conversion (Net income) | 8.86% | 85.74% | 95.59% | 14.53% | 70.82% | 88.11% | 72.35% | 73.95% |
| Dividend per Share 2 | 0.1965 | 0.1800 | 0.2000 | 0.2275 | 0.2625 | 0.2957 | 0.3293 | 0.3663 |
| Announcement Date | 8/20/19 | 8/19/20 | 8/17/21 | 8/16/22 | 8/29/23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: June | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 | 2025 S1 | 2025 S2 | 2026 S1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,398 | 2,336 | 2,566 | 2,644 | 2,766 | 2,792 | 2,932 | 3,145 | 3,282 | 3,385 | 3,471 | 3,500 | 3,613 |
| EBITDA | 812.9 | - | 880.8 | 861.1 | 951.6 | - | 1,046 | 1,036 | 1,194 | - | - | - | - |
| EBIT 1 | 435.5 | 359.5 | 465 | 414.3 | 481.2 | 448.8 | 548.8 | 518.2 | 664.7 | 574 | 704.7 | 617.1 | 733.2 |
| Operating Margin | 18.16% | 15.39% | 18.13% | 15.67% | 17.39% | 16.07% | 18.72% | 16.48% | 20.25% | 16.95% | 20.3% | 17.63% | 20.29% |
| Earnings before Tax (EBT) 1 | 398 | 288.2 | 422.4 | 371.3 | - | 381.3 | 486.7 | 447.5 | 575.3 | 466 | - | - | - |
| Net income 1 | 277.9 | 170.1 | 293.6 | 232.5 | 304.5 | 288.8 | 331.1 | 372.2 | 391.3 | 324 | - | - | - |
| Net margin | 11.59% | 7.28% | 11.44% | 8.79% | 11.01% | 10.34% | 11.29% | 11.83% | 11.92% | 9.57% | - | - | - |
| EPS 2 | 0.1770 | 0.1110 | 0.1970 | 0.1580 | 0.2130 | 0.2060 | 0.2380 | 0.2660 | 0.2800 | 0.2320 | - | - | - |
| Dividend per Share | 0.0899 | 0.0900 | 0.1000 | 0.1000 | 0.1075 | - | 0.1200 | 0.1400 | - | - | - | - | - |
| Announcement Date | 2/16/20 | 8/19/20 | 2/16/21 | 8/17/21 | 2/24/22 | 8/16/22 | 2/23/23 | 8/29/23 | 2/22/24 | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 97.7 | 1,712 | 2,055 | 2,717 | 2,724 | 2,470 | 2,010 | 1,962 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.0759 x | 1.095 x | 1.179 x | 1.466 x | 1.308 x | 1.087 x | 0.8349 x | 0.7627 x |
| Free Cash Flow 1 | 130 | 384 | 503 | 86.2 | 498 | 661 | 603 | 671 |
| ROE (net income / shareholders' equity) | 15.4% | 15.4% | 19.3% | 23.1% | 26.4% | 24.2% | 24.6% | 24.7% |
| ROA (Net income/ Total Assets) | 6.53% | 6.8% | 7.23% | 7.69% | 8.45% | 8.69% | 9.16% | 9.57% |
| Assets 1 | 22,479 | 6,584 | 7,276 | 7,714 | 8,325 | 8,629 | 9,104 | 9,479 |
| Book Value Per Share 2 | 2.400 | 1.830 | 1.870 | 1.770 | 2.070 | 2.370 | 2.570 | 2.980 |
| Cash Flow per Share 2 | 0.8400 | 0.8900 | 1.050 | 1.120 | 1.430 | 1.290 | 1.340 | 1.370 |
| Capex 1 | 1,208 | 1,003 | 1,057 | 1,652 | 1,668 | 1,249 | 1,376 | 1,365 |
| Capex / Sales | 26.3% | 21.18% | 20.28% | 29.72% | 27.45% | 18.83% | 19.77% | 18.75% |
| Announcement Date | 8/20/19 | 8/19/20 | 8/17/21 | 8/16/22 | 8/29/23 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
16
Last Close Price
9.455
USD
Average target price
10.43
USD
Spread / Average Target
+10.29%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +5.29% | 13.17B | |
| -4.68% | 999M | |
| -28.68% | 352M |
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