BRICKWORKS LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 26.83 AUD | -0.92% |
|
+0.52% | -4.04% |
| Mar. 22 | Jarden Adjusts Brickworks Price Target to AU$28.50 From AU$28.75, Keeps at Neutral | MT |
| Mar. 21 | Transcript : Brickworks Limited, H1 2024 Earnings Call, Mar 21, 2024 |
Valuation
| Fiscal Period: Juli | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,488 | 2,433 | 3,655 | 3,178 | 3,925 | 4,077 | - | - |
| Enterprise Value (EV) 1 | 2,737 | 2,894 | 4,170 | 3,666 | 4,567 | 4,656 | 4,694 | 4,669 |
| P/E ratio | 16.2 x | 8.2 x | 15.4 x | 3.75 x | 10 x | 265 x | 19.3 x | 17.3 x |
| Yield | 3.4% | 3.61% | 2.52% | 3% | 2.51% | 2.5% | 2.56% | 2.69% |
| Capitalization / Revenue | 2.62 x | 2.55 x | 4.11 x | 2.81 x | 3.32 x | 3.68 x | 3.68 x | 3.46 x |
| EV / Revenue | 2.88 x | 3.04 x | 4.68 x | 3.25 x | 3.87 x | 4.2 x | 4.23 x | 3.96 x |
| EV / EBITDA | 7.9 x | 10.3 x | 9.2 x | 3.47 x | 5.82 x | 32.8 x | 10.8 x | 10.1 x |
| EV / FCF | 37 x | -100 x | 184 x | -1,034 x | -269 x | 142 x | 47 x | 64.2 x |
| FCF Yield | 2.7% | -1% | 0.54% | -0.1% | -0.37% | 0.7% | 2.13% | 1.56% |
| Price to Book | 1.16 x | 1.02 x | 1.48 x | 0.98 x | 1.11 x | 1.15 x | 1.13 x | 1.09 x |
| Nbr of stocks (in thousands) | 148,545 | 148,977 | 150,712 | 151,099 | 151,496 | 151,972 | - | - |
| Reference price 2 | 16.75 | 16.33 | 24.25 | 21.03 | 25.91 | 26.83 | 26.83 | 26.83 |
| Announcement Date | 9/18/19 | 9/23/20 | 9/22/21 | 9/20/22 | 9/27/23 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Juli | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 951 | 953.4 | 890.3 | 1,129 | 1,181 | 1,108 | 1,108 | 1,180 |
| EBITDA 1 | 346.5 | 281 | 453.5 | 1,058 | 784.1 | 142 | 433.6 | 463.6 |
| EBIT 1 | 309.8 | 206 | 383.1 | 982.4 | 709.4 | 54.44 | 347.9 | 376 |
| Operating Margin | 32.58% | 21.61% | 43.03% | 87.03% | 60.07% | 4.91% | 31.39% | 31.86% |
| Earnings before Tax (EBT) 1 | 290.6 | 390.7 | 325.3 | 1,277 | 512.4 | -25.97 | 275.5 | 288.6 |
| Net income 1 | 154.6 | 299 | 239.2 | 854.4 | 395 | 18.27 | 213.1 | 234.6 |
| Net margin | 16.26% | 31.36% | 26.86% | 75.69% | 33.45% | 1.65% | 19.23% | 19.88% |
| EPS 2 | 1.033 | 1.992 | 1.579 | 5.612 | 2.584 | 0.1013 | 1.393 | 1.547 |
| Free Cash Flow 1 | 73.98 | -28.9 | 22.61 | -3.544 | -17 | 32.8 | 99.93 | 72.7 |
| FCF margin | 7.78% | -3.03% | 2.54% | -0.31% | -1.44% | 2.96% | 9.02% | 6.16% |
| FCF Conversion (EBITDA) | 21.35% | - | 4.99% | - | - | 23.1% | 23.05% | 15.68% |
| FCF Conversion (Net income) | 47.84% | - | 9.46% | - | - | 179.57% | 46.89% | 30.99% |
| Dividend per Share 2 | 0.5700 | 0.5900 | 0.6100 | 0.6300 | 0.6500 | 0.6695 | 0.6882 | 0.7206 |
| Announcement Date | 9/18/19 | 9/23/20 | 9/22/21 | 9/20/22 | 9/27/23 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: Juli | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 | 2025 S1 | 2025 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | 456.7 | 504.8 | 431.7 | 458.6 | - | 593.9 | - | 597.1 | 547 | - | - | - |
| EBITDA 1 | 177.5 | 103.5 | 172.4 | - | - | - | - | 432.2 | -40 | 186 | 162.7 | 156.2 |
| EBIT 1 | 142.1 | 63.94 | 136.6 | - | - | 532.4 | - | 133.2 | -69.86 | 141.4 | 117.2 | 110.1 |
| Operating Margin | 31.1% | 12.67% | 31.64% | - | - | 89.65% | - | 22.3% | -12.77% | - | - | - |
| Earnings before Tax (EBT) 1 | - | - | 99.55 | - | - | - | - | 46.64 | -135.7 | 107.5 | 82.8 | 75.1 |
| Net income 1 | 58.16 | 240.8 | 71.2 | - | 581 | - | 354.4 | 40.25 | -52 | 80.6 | 62.1 | 56.3 |
| Net margin | 12.73% | 47.71% | 16.49% | - | - | - | - | 6.74% | -9.51% | - | - | - |
| EPS 2 | 0.3880 | 1.604 | 0.4720 | - | 3.818 | - | 2.321 | 0.2630 | -0.3860 | 0.5300 | 0.4100 | 0.3700 |
| Dividend per Share 2 | 0.2000 | 0.3900 | 0.2100 | - | - | - | - | - | 0.2400 | 0.4300 | 0.2500 | 0.4400 |
| Announcement Date | 3/25/20 | 9/23/20 | 3/24/21 | 9/22/21 | 3/23/22 | 9/20/22 | 3/22/23 | 9/27/23 | 3/20/24 | - | - | - |
1AUD in Million2AUD
Estimates
Balance Sheet Analysis
| Fiscal Period: Juli | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 249 | 461 | 516 | 489 | 642 | 578 | 617 | 592 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.7197 x | 1.641 x | 1.137 x | 0.4618 x | 0.8187 x | 4.073 x | 1.422 x | 1.277 x |
| Free Cash Flow 1 | 74 | -28.9 | 22.6 | -3.54 | -17 | 32.8 | 99.9 | 72.7 |
| ROE (net income / shareholders' equity) | 11% | 6.1% | 11.5% | 26% | 14% | 0.71% | 6.03% | 6.49% |
| ROA (Net income/ Total Assets) | 5.18% | 4.22% | 7.26% | 15.5% | 8.68% | -0.2% | 3.95% | 4.47% |
| Assets 1 | 2,984 | 7,078 | 3,294 | 5,496 | 4,550 | -9,367 | 5,395 | 5,254 |
| Book Value Per Share 2 | 14.50 | 16.00 | 16.40 | 21.50 | 23.40 | 23.20 | 23.80 | 24.60 |
| Cash Flow per Share 2 | 0.8200 | 0.5000 | 0.9200 | 0.8600 | 0.6400 | 1.300 | 1.760 | 1.780 |
| Capex 1 | 49.1 | 104 | 117 | 134 | 114 | 65.9 | 57.8 | 59 |
| Capex / Sales | 5.16% | 10.93% | 13.16% | 11.87% | 9.65% | 5.95% | 5.22% | 5% |
| Announcement Date | 9/18/19 | 9/23/20 | 9/22/21 | 9/20/22 | 9/27/23 | - | - | - |
1AUD in Million2AUD
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
B-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
26.83
AUD
Average target price
30.53
AUD
Spread / Average Target
+13.80%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -4.04% | 2.66B | |
| +21.26% | 37.34B | |
| +15.08% | 34.54B | |
| -7.64% | 33.53B | |
| +9.73% | 19.06B | |
| +21.33% | 18.67B | |
| +17.64% | 18.51B | |
| +6.96% | 11.93B | |
| +4.00% | 7.02B | |
| +18.24% | 4.43B |
- Stock Market
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- Financials Brickworks Limited
