BELLRING BRANDS, INC. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 55.62 USD | -0.98% |
|
+3.04% | +0.34% |
| Apr. 22 | TD Cowen Starts BellRing Brands With Buy Rating, $64 Price Target | MT |
| Apr. 19 | Evercore consumer dealmaker Taetle is leaving the bank, sources say | RE |
Valuation
| Fiscal Period: September | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 817.7 | 1,215 | 2,808 | 5,420 | 7,379 | - | - |
| Enterprise Value (EV) 1 | 1,455 | 1,660 | 3,702 | 6,228 | 8,153 | 8,101 | 7,973 |
| P/E ratio | 34.6 x | 43.9 x | 23.4 x | 33.5 x | 35.7 x | 29.5 x | 25.1 x |
| Yield | - | - | - | - | - | - | - |
| Capitalization / Revenue | 0.83 x | 0.97 x | 2.05 x | 3.25 x | 3.84 x | 3.45 x | 3.06 x |
| EV / Revenue | 1.47 x | 1.33 x | 2.7 x | 3.74 x | 4.24 x | 3.79 x | 3.31 x |
| EV / EBITDA | 7.38 x | 7.1 x | 13.6 x | 18.4 x | 20.8 x | 18.7 x | 15.9 x |
| EV / FCF | 15.3 x | 7.39 x | 193 x | 29.1 x | 39.3 x | 30.7 x | 25.8 x |
| FCF Yield | 6.53% | 13.5% | 0.52% | 3.43% | 2.55% | 3.25% | 3.88% |
| Price to Book | -5.09 x | -64.3 x | -7.41 x | -16.7 x | -28.9 x | -41.8 x | 80.5 x |
| Nbr of stocks (in thousands) | 39,429 | 39,510 | 136,244 | 131,446 | 130,979 | - | - |
| Reference price 2 | 20.74 | 30.75 | 20.61 | 41.23 | 56.34 | 56.34 | 56.34 |
| Announcement Date | 11/19/20 | 11/18/21 | 11/17/22 | 11/20/23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: September | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 854.4 | 988.3 | 1,247 | 1,372 | 1,667 | 1,924 | 2,138 | 2,410 |
| EBITDA 1 | 198.1 | 197.2 | 233.9 | 271.4 | 338.3 | 391.2 | 432.7 | 502.8 |
| EBIT 1 | 169.2 | 165.4 | 172.9 | 239.1 | 295.5 | 346.9 | 391.8 | 460 |
| Operating Margin | 19.8% | 16.74% | 13.86% | 17.43% | 17.73% | 18.03% | 18.32% | 19.09% |
| Earnings before Tax (EBT) 1 | 162.5 | 109.3 | 123.2 | 145.6 | 220.4 | 277.7 | 331.7 | 376.1 |
| Net income 1 | 123.1 | 23.5 | 27.6 | 82.3 | 165.5 | 208.2 | 250.4 | 284 |
| Net margin | 14.41% | 2.38% | 2.21% | 6% | 9.93% | 10.82% | 11.71% | 11.78% |
| EPS 2 | 3.120 | 0.6000 | 0.7000 | 0.8800 | 1.230 | 1.577 | 1.910 | 2.245 |
| Free Cash Flow 1 | 95.1 | 95.1 | 224.5 | 19.2 | 213.8 | 207.6 | 263.6 | 309.4 |
| FCF margin | 11.13% | 9.62% | 18% | 1.4% | 12.83% | 10.79% | 12.33% | 12.84% |
| FCF Conversion (EBITDA) | 48.01% | 48.23% | 95.98% | 7.07% | 63.2% | 53.08% | 60.93% | 61.52% |
| FCF Conversion (Net income) | 77.25% | 404.68% | 813.41% | 23.33% | 129.18% | 99.75% | 105.28% | 108.93% |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 11/21/19 | 11/19/20 | 11/18/21 | 11/17/22 | 11/20/23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: September | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 340 | 306.5 | 315.2 | 370.6 | 379.2 | 362.7 | 385.6 | 445.9 | 472.6 | 430.4 | 466.9 | 501 | 521.5 | 473.3 | 519.8 |
| EBITDA 1 | 60.5 | 59.8 | 50.9 | 80.8 | 79.9 | 84.9 | 68 | 86.9 | 98.5 | 100.5 | 84 | 99.71 | 103.7 | 107.3 | 92.93 |
| EBIT 1 | 53.2 | 52.5 | 43.4 | 71.8 | 71.4 | 76.1 | 59.2 | 77.9 | 82.3 | 77.9 | 73.8 | 89.8 | 93.66 | 98.27 | 81.62 |
| Operating Margin | 15.65% | 17.13% | 13.77% | 19.37% | 18.83% | 20.98% | 15.35% | 17.47% | 17.41% | 18.1% | 15.81% | 17.92% | 17.96% | 20.76% | 15.7% |
| Earnings before Tax (EBT) 1 | 43.5 | 42.2 | 7.1 | 51.6 | 44.7 | 58.5 | 41.2 | 58.7 | 62 | 58.1 | 58.48 | 74.16 | 78.58 | 87.13 | 68.5 |
| Net income 1 | 9.7 | 8.2 | 1.3 | 39.1 | 33.7 | 44.2 | 30.9 | 44.3 | 46.1 | 43.9 | 44 | 55.78 | 59.08 | 65.8 | 51.73 |
| Net margin | 2.85% | 2.68% | 0.41% | 10.55% | 8.89% | 12.19% | 8.01% | 9.93% | 9.75% | 10.2% | 9.42% | 11.13% | 11.33% | 13.9% | 9.95% |
| EPS 2 | 0.2500 | 0.2100 | 0.0200 | 0.2900 | 0.2500 | 0.3300 | 0.2300 | 0.3300 | 0.3500 | 0.3300 | 0.3320 | 0.4220 | 0.4480 | 0.4933 | 0.3867 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/18/21 | 2/3/22 | 5/5/22 | 8/4/22 | 11/17/22 | 2/6/23 | 5/8/23 | 8/7/23 | 11/20/23 | 2/5/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: September | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 638 | 445 | 894 | 808 | 774 | 721 | 594 |
| Net Cash position 1 | 5.5 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 3.234 x | 1.902 x | 3.293 x | 2.39 x | 1.979 x | 1.667 x | 1.181 x |
| Free Cash Flow 1 | 95.1 | 95.1 | 225 | 19.2 | 214 | 208 | 264 | 309 |
| ROE (net income / shareholders' equity) | 26.2% | 61.5% | - | - | - | - | - | 767% |
| ROA (Net income/ Total Assets) | 21.3% | 25.1% | 3.96% | 15.5% | 23.7% | 29.5% | 31.2% | 32.4% |
| Assets 1 | 577.4 | 93.64 | 696.5 | 530.4 | 699.4 | 704.5 | 801.8 | 876.6 |
| Book Value Per Share 2 | 12.30 | -4.080 | -0.4800 | -2.780 | -2.470 | -1.950 | -1.350 | 0.7000 |
| Cash Flow per Share 2 | 2.410 | 2.460 | 5.700 | 0.2200 | 1.610 | 1.320 | 1.910 | - |
| Capex 1 | 3.2 | 2.1 | 1.6 | 1.8 | 1.8 | 2 | 2 | 2 |
| Capex / Sales | 0.37% | 0.21% | 0.13% | 0.13% | 0.11% | 0.1% | 0.09% | 0.08% |
| Announcement Date | 11/21/19 | 11/19/20 | 11/18/21 | 11/17/22 | 11/20/23 | - | - | - |
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
C-
Sell
Buy
Mean consensus
BUY
Number of Analysts
17
Last Close Price
56.34
USD
Average target price
61.88
USD
Spread / Average Target
+9.84%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +0.34% | 7.38B | |
| +8.20% | 7.78B | |
| +10.20% | 6.52B | |
| -8.10% | 3.67B | |
| -13.13% | 3.44B | |
| -14.57% | 1.17B | |
| +8.34% | 934M | |
| -42.27% | 879M | |
| -18.90% | 836M | |
| +0.32% | 711M |
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- Financials BellRing Brands, Inc.
