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Bingo Industries

ASX:BIN
Snowflake Description

Reasonable growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BIN
ASX
A$2B
Market Cap
  1. Home
  2. AU
  3. Commercial Services
Company description

Bingo Industries Limited, together with its subsidiaries, provides waste management solutions for domestic and commercial businesses in Australia. The last earnings update was 89 days ago. More info.


Add to Portfolio Compare Print
  • Bingo Industries has significant price volatility in the past 3 months.
BIN Share Price and Events
7 Day Returns
17.8%
ASX:BIN
3.3%
AU Commercial Services
0.9%
AU Market
1 Year Returns
30.1%
ASX:BIN
15.9%
AU Commercial Services
16.3%
AU Market
BIN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bingo Industries (BIN) 17.8% 30.7% 23.1% 30.1% - -
AU Commercial Services 3.3% 2.1% -2.7% 15.9% 15.4% 43.2%
AU Market 0.9% 1.9% 5.1% 16.3% 22.3% 22.5%
1 Year Return vs Industry and Market
  • BIN outperformed the Commercial Services industry which returned 15.9% over the past year.
  • BIN outperformed the Market in Australia which returned 16.3% over the past year.
Price Volatility
BIN
Industry
5yr Volatility vs Market

BIN Value

 Is Bingo Industries undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Bingo Industries to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Bingo Industries.

ASX:BIN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.2%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:BIN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.66
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.66 (1 + (1- 30%) (16.3%))
0.823
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (0.823 * 5.96%)
7.22%

Discounted Cash Flow Calculation for ASX:BIN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Bingo Industries is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

ASX:BIN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 7.22%)
2020 -27.50 Analyst x3 -25.65
2021 16.20 Analyst x3 14.09
2022 33.57 Analyst x3 27.24
2023 48.90 Est @ 45.67% 37.00
2024 64.86 Est @ 32.66% 45.78
2025 80.14 Est @ 23.56% 52.76
2026 93.92 Est @ 17.18% 57.67
2027 105.86 Est @ 12.72% 60.63
2028 116.02 Est @ 9.6% 61.97
2029 124.62 Est @ 7.41% 62.09
Present value of next 10 years cash flows A$393.00
ASX:BIN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= A$124.62 × (1 + 2.31%) ÷ (7.22% – 2.31%)
A$2,600.00
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$2,600.00 ÷ (1 + 7.22%)10
A$1,295.32
ASX:BIN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$393.00 + A$1,295.32
A$1,688.32
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$1,688.32 / 653.78
A$2.58
ASX:BIN Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$2.58
Current discount Discount to share price of A$2.98
= -1 x (A$2.98 - A$2.58) / A$2.58
-15.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Bingo Industries is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Bingo Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bingo Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:BIN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in AUD A$0.04
ASX:BIN Share Price ** ASX (2019-11-18) in AUD A$2.98
Australia Commercial Services Industry PE Ratio Median Figure of 12 Publicly-Listed Commercial Services Companies 18.83x
Australia Market PE Ratio Median Figure of 519 Publicly-Listed Companies 18.63x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Bingo Industries.

ASX:BIN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:BIN Share Price ÷ EPS (both in AUD)

= 2.98 ÷ 0.04

76.77x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bingo Industries is overvalued based on earnings compared to the AU Commercial Services industry average.
  • Bingo Industries is overvalued based on earnings compared to the Australia market.
Price based on expected Growth
Does Bingo Industries's expected growth come at a high price?
Raw Data
ASX:BIN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 76.77x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
25.2%per year
Australia Commercial Services Industry PEG Ratio Median Figure of 9 Publicly-Listed Commercial Services Companies 2.36x
Australia Market PEG Ratio Median Figure of 347 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

ASX:BIN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 76.77x ÷ 25.2%

3.05x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bingo Industries is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Bingo Industries's assets?
Raw Data
ASX:BIN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in AUD A$1.26
ASX:BIN Share Price * ASX (2019-11-18) in AUD A$2.98
Australia Commercial Services Industry PB Ratio Median Figure of 27 Publicly-Listed Commercial Services Companies 2.46x
Australia Market PB Ratio Median Figure of 1,584 Publicly-Listed Companies 1.75x
ASX:BIN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:BIN Share Price ÷ Book Value per Share (both in AUD)

= 2.98 ÷ 1.26

2.37x

* Primary Listing of Bingo Industries.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bingo Industries is good value based on assets compared to the AU Commercial Services industry average.
X
Value checks
We assess Bingo Industries's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. Bingo Industries has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

BIN Future Performance

 How is Bingo Industries expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
25.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bingo Industries expected to grow at an attractive rate?
  • Bingo Industries's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Bingo Industries's earnings growth is expected to exceed the Australia market average.
  • Bingo Industries's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:BIN Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:BIN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 25.2%
ASX:BIN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 14.8%
Australia Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 10.7%
Australia Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 5.4%
Australia Market Earnings Growth Rate Market Cap Weighted Average 9.7%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:BIN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:BIN Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-06-30 80
2022-06-30 655 128 83 6
2021-06-30 616 107 73 6
2020-06-30 568 95 64 6
2019-11-18
ASX:BIN Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-06-30 396 75 22
2019-03-31 365 73 28
2018-12-31 335 70 34
2018-09-30 318 70 36
2018-06-30 300 70 38
2018-03-31 276 60 31
2017-12-31 252 49 24
2017-09-30 230 47 22
2017-06-30 209 45 20
2017-03-31 194 20
2016-12-31 179 21
2016-09-30 161 17

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bingo Industries's earnings are expected to grow significantly at over 20% yearly.
  • Bingo Industries's revenue is expected to grow by 14.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:BIN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Bingo Industries Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:BIN Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-06-30 0.12 0.12 0.12 1.00
2022-06-30 0.14 0.15 0.12 4.00
2021-06-30 0.12 0.13 0.11 4.00
2020-06-30 0.10 0.11 0.10 4.00
2019-11-18
ASX:BIN Past Financials Data
Date (Data in AUD Millions) EPS *
2019-06-30 0.04
2019-03-31 0.05
2018-12-31 0.07
2018-09-30 0.08
2018-06-30 0.10
2018-03-31 0.09
2017-12-31 0.07
2017-09-30 0.07
2017-06-30 0.06
2017-03-31 0.06
2016-12-31 0.07
2016-09-30 0.05

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Bingo Industries is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Bingo Industries's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Bingo Industries has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

BIN Past Performance

  How has Bingo Industries performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Bingo Industries's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Bingo Industries has delivered over 20% year on year earnings growth in the past 5 years.
  • Bingo Industries's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Bingo Industries's 1-year earnings growth is negative, it can't be compared to the AU Commercial Services industry average.
Earnings and Revenue History
Bingo Industries's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Bingo Industries Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:BIN Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 395.74 22.27 16.96
2019-03-31 365.27 27.92 15.50
2018-12-31 334.80 33.58 14.04
2018-09-30 317.50 35.79 13.32
2018-06-30 300.20 38.00 12.60
2018-03-31 275.86 30.98 11.73
2017-12-31 251.52 23.95 10.87
2017-09-30 230.15 21.89 11.66
2017-06-30 208.78 19.83 12.46
2017-03-31 194.12 20.18 9.50
2016-12-31 179.47 20.53 6.54
2016-09-30 160.77 17.09 5.73
2016-06-30 142.06 13.65 4.93
2015-06-30 101.60 13.40 7.20

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Bingo Industries has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bingo Industries used its assets less efficiently than the AU Commercial Services industry average last year based on Return on Assets.
  • Bingo Industries's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Bingo Industries's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Bingo Industries has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

BIN Health

 How is Bingo Industries's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Bingo Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bingo Industries's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Bingo Industries's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Bingo Industries's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Bingo Industries Company Filings, last reported 4 months ago.

ASX:BIN Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 826.45 313.26 39.19
2019-03-31 826.45 313.26 39.19
2018-12-31 706.19 0.00 140.31
2018-09-30 706.19 0.00 140.31
2018-06-30 280.27 157.21 21.44
2018-03-31 280.27 157.21 21.44
2017-12-31 264.23 89.09 16.11
2017-09-30 264.23 89.09 16.11
2017-06-30 123.97 115.40 13.28
2017-03-31 123.97 115.40 13.28
2016-12-31 38.70 90.30 8.80
2016-09-30 38.70 90.30 8.80
2016-06-30 25.04 44.04 5.36
2015-06-30
  • Bingo Industries's level of debt (35.9%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Bingo Industries's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (25.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 11.4x coverage).
X
Financial health checks
We assess Bingo Industries's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Bingo Industries has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

BIN Dividends

 What is Bingo Industries's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.25%
Current annual income from Bingo Industries dividends. Estimated to be 1.73% next year.
If you bought A$2,000 of Bingo Industries shares you are expected to receive A$25 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Bingo Industries's pays a lower dividend yield than the bottom 25% of dividend payers in Australia (2.37%).
  • Bingo Industries's dividend is below the markets top 25% of dividend payers in Australia (5.56%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:BIN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
Australia Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 2.6%
Australia Market Average Dividend Yield Market Cap Weighted Average of 390 Stocks 4%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.5%
Australia Bottom 25% Dividend Yield 25th Percentile 2.4%
Australia Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:BIN Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2023-06-30 0.05 1.00
2022-06-30 0.06 7.00
2021-06-30 0.05 7.00
2020-06-30 0.04 7.00
2019-11-18
ASX:BIN Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-08-21 0.037 1.617
2019-02-25 0.037 1.950
2018-08-20 0.040 1.745
2018-02-26 0.034 1.260

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bingo Industries is not paying a notable dividend for Australia, therefore no need to check if the payments are stable.
  • Bingo Industries is not paying a notable dividend for Australia, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Bingo Industries's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Bingo Industries's dividends as it is not paying a notable one for Australia.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.2x coverage).
X
Income/ dividend checks
We assess Bingo Industries's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Bingo Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bingo Industries has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

BIN Management

 What is the CEO of Bingo Industries's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Daniel Tartak
COMPENSATION A$1,151,173
TENURE AS CEO 4.3 years
CEO Bio

Mr. Daniel Tartak has been the Chief Executive Officer of Bingo Industries Limited since July 2015 and has been its Managing Director and Executive Director since March 03, 2017. Mr. Tartak has experience across all areas of the business including in leadership roles as the Operations Manager and General Manager. He has over 14 years’ experience in the waste management business. He is An inspirational leader who is leading the process to disrupt the status quo and drive positive change across the recycling and waste management industry. He pioneered the new strategic direction that has successfully expanded Bingo’s bespoke recycling centres and quintessential collections fleet across NSW and Victoria. He has a proven track record in operations management, acquisitions and integrations and organic business growth, that has successfully positioned Bingo as an industry leader in the NSW and Victorian markets. He is an innovative leader with an entrepreneurial flare. He was integral in Bingo's implementation of its IT Systems (including Bingo Live) and creating an inspirational culture. He was the driving force behind Bingo's recent growth and acquisition strategy as it built its bespoke recycling centres and expanded across NSW and into commercial, industrial and liquid waste and waste equipment manufacturing.

CEO Compensation
  • Daniel's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Daniel's remuneration is lower than average for companies of similar size in Australia.
Management Team

Daniel Tartak

TITLE
MD, CEO & Executive Director
COMPENSATION
A$1M
TENURE
4.3 yrs

Chris Jeffrey

TITLE
CFO & Chief Development Officer
COMPENSATION
A$641K

Anthony Story

TITLE
Executive Officer
COMPENSATION
A$567K
AGE
58

Geoff Hill

TITLE
Chief Executive of Victoria
COMPENSATION
A$537K

Rodney Johnson

TITLE
Chief Executive of B&D NSW
COMPENSATION
A$332K
TENURE
0.8 yrs

Tara Osborne

TITLE
General Manager of Strategy & Investor Relations

Stephen Schmidhofer

TITLE
General Counsel & Joint Company Secretary

Amanda Schmidhofer

TITLE
General Manger of Marketing

Elise Heydon

TITLE
Chief People & Culture Officer

Jim Sarkis

TITLE
Chief Safety
Board of Directors Tenure

Average tenure of the Bingo Industries board of directors in years:

2
Average Tenure
  • The average tenure for the Bingo Industries board of directors is less than 3 years, this suggests a new board.
Board of Directors

Michael Coleman

TITLE
Independent Non Executive Chairman
COMPENSATION
A$198K
AGE
69

Daniel Tartak

TITLE
MD, CEO & Executive Director
COMPENSATION
A$1M
TENURE
2.7 yrs

Maria Atkinson

TITLE
Independent Non-Executive Director
COMPENSATION
A$131K
TENURE
2.7 yrs

Barry Buffier

TITLE
Independent Non-Executive Director
COMPENSATION
A$108K
TENURE
1.3 yrs

Daniel Girgis

TITLE
Non-Executive Director
COMPENSATION
A$159K
TENURE
2.7 yrs

Ian Malouf

TITLE
Non-Executive Director
COMPENSATION
A$28K
TENURE
0.7 yrs

Elizabeth Crouch

TITLE
Independent Non-Executive Director
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Bingo Industries individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
25. Oct 19 Sell Schroder Investment Management Limited Company 25. Jun 19 25. Oct 19 -1,885,413 A$2.31 A$-4,319,938
25. Oct 19 Buy Schroder Investment Management Limited Company 25. Jun 19 25. Oct 19 289,661 A$2.34 A$677,273
25. Oct 19 Sell Schroder Investment Management North America Inc. Company 25. Jun 19 25. Oct 19 -4,762,323 A$2.30 A$-10,930,996
15. Oct 19 Buy Maria Atkinson Individual 15. Oct 19 15. Oct 19 9,480 A$2.12 A$20,082
10. Sep 19 Buy Capital Research and Management Company Company 03. Jul 19 06. Sep 19 6,624,762 A$2.31 A$15,303,198
25. Aug 19 Buy Michael Coleman Individual 23. Aug 19 23. Aug 19 15,000 A$2.26 A$33,949
25. Aug 19 Buy Barry Buffier Individual 23. Aug 19 23. Aug 19 20,000 A$2.34 A$46,812
09. Aug 19 Buy Yarra Funds Management Limited Company 09. Apr 19 07. Aug 19 14,949,334 A$1.75 A$26,204,690
28. Jul 19 Sell Schroder Investment Management Limited Company 17. May 17 24. Jun 19 -6,305,985 A$2.38 A$-14,988,960
28. Jul 19 Buy Schroder Investment Management Limited Company 17. May 17 24. Jun 19 17,695,178 A$2.36 A$41,750,130
28. Jul 19 Sell Schroder Investment Management North America Inc. Company 17. May 17 24. Jun 19 -1,785,552 A$2.38 A$-4,255,558
28. Jul 19 Buy Schroder Investment Management North America Inc. Company 17. May 17 24. Jun 19 9,029,295 A$2.36 A$21,288,608
03. Jul 19 Buy Capital Research and Management Company Company 24. May 19 02. Jul 19 6,795,695 A$2.23 A$15,154,398
26. May 19 Buy Capital Research and Management Company Company 22. Feb 19 23. May 19 34,508,000 A$1.88 A$64,875,054
27. Mar 19 Buy Ian Malouf Individual 28. Feb 19 13. Mar 19 2,098,000 A$1.81 A$3,631,334
08. Mar 19 Buy Barry Buffier Individual 06. Mar 19 06. Mar 19 10,000 A$1.69 A$16,950
06. Mar 19 Buy Maria Atkinson Individual 28. Feb 19 28. Feb 19 14,665 A$1.70 A$24,930
28. Feb 19 Buy Michael Coleman Individual 28. Feb 19 28. Feb 19 27,500 A$1.80 A$49,500
28. Feb 19 Buy Barry Buffier Individual 28. Feb 19 28. Feb 19 20,000 A$1.67 A$33,500
22. Feb 19 Sell Realindex Investments Pty Limited Company 18. Oct 18 30. Jan 19 -337,408 A$2.44 A$-822,484
22. Feb 19 Buy Realindex Investments Pty Limited Company 30. Aug 18 08. Feb 19 2,516,387 A$2.90 A$7,294,521
22. Feb 19 Sell First Sentier Investors (Australia) IM Ltd Company 27. Aug 18 20. Feb 19 -25,713,354 A$2.70 A$-38,838,685
22. Feb 19 Buy First Sentier Investors (Australia) IM Ltd Company 24. Aug 18 18. Feb 19 18,258,489 A$2.77 A$48,254,889
X
Management checks
We assess Bingo Industries's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Bingo Industries has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

BIN News

Simply Wall St News

Estimating The Intrinsic Value Of Bingo Industries Limited (ASX:BIN)

Generally we assume that a dollar today is more valuable than a dollar in the future, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 10-year free cash flow (FCF) estimate 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Levered FCF (A$, Millions) A$-17.4m A$51.0m A$59.9m A$67.0m A$73.0m A$78.1m A$82.5m A$86.3m A$89.7m A$92.7m Growth Rate Estimate Source Analyst x3 Analyst x2 Analyst x2 Est @ 11.88% Est @ 9.01% Est @ 7% Est @ 5.59% Est @ 4.61% Est @ 3.92% Est @ 3.44% Present Value (A$, Millions) Discounted @ 7.29% A$-16.2 A$44.3 A$48.5 A$50.5 A$51.4 A$51.2 A$50.4 A$49.1 A$47.6 A$45.9 ("Est" = FCF growth rate estimated by Simply Wall St) Present Value of 10-year Cash Flow (PVCF)= A$422.7m After calculating the present value of future cash flows in the intial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = AU$93m × (1 + 2.3%) ÷ (7.3% – 2.3%) = AU$1.9b Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = A$AU$1.9b ÷ ( 1 + 7.3%)10 = A$944.20m The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is A$1.37b. … ASX:BIN Intrinsic value, August 30th 2019 Important assumptions Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows.

Simply Wall St -

Did Changing Sentiment Drive Bingo Industries's (ASX:BIN) Share Price Down By 16%?

It is doubtless a positive to see that the Bingo Industries Limited (ASX:BIN) share price has gained some 30% in the last three months. … During the unfortunate twelve months during which the Bingo Industries share price fell, it actually saw its earnings per share (EPS) improve by 0.6%. … We note that for Bingo Industries the TSR over the last year was -8.3%, which is better than the share price return mentioned above.

Simply Wall St -

Are Insiders Buying Bingo Industries Limited (ASX:BIN) Stock?

For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year.' Check out our latest analysis for Bingo Industries The Last 12 Months Of Insider Transactions At Bingo Industries In the last twelve months, the biggest single purchase by an insider was when MD, CEO & Executive Director Daniel Tartak bought AU$72m worth of shares at a price of AU$2.54 per share. … In the last twelve months Bingo Industries insiders were buying shares, but not selling. … Judging from their transactions, and high insider ownership, Bingo Industries insiders feel good about the company's future.

Simply Wall St -

Do Insiders Own Shares In Bingo Industries Limited (ASX:BIN)?

Bingo Industries has a market capitalization of AU$1.7b, so we would expect some institutional investors to have noticed the stock. … Check out our latest analysis for Bingo Industries ASX:BIN Ownership Summary, July 24th 2019 What Does The Institutional Ownership Tell Us About Bingo Industries? … Insider Ownership Of Bingo Industries While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders.

Simply Wall St -

Should You Be Concerned About Bingo Industries Limited's (ASX:BIN) Historical Volatility?

Anyone researching Bingo Industries Limited (ASX:BIN) might want to consider the historical volatility of the share price. … Check out our latest analysis for Bingo Industries What we can learn from BIN's beta value With a beta of 1.03, (which is quite close to 1) the share price of Bingo Industries has historically been about as voltile as the broader market. … What this means for you: It is probable that there is a link between the share price of Bingo Industries and the broader market, since it has a beta value quite close to one.

Simply Wall St -

Is Bingo Industries Limited (ASX:BIN) Undervalued After Accounting For Its Future Growth?

This tells us that Bingo Industries is overvalued compared to the AU market average ratio of 16.25x , and overvalued based on current earnings compared to the Commercial Services industry average of 20.82x. … But, seeing as Bingo Industries is perceived as a high-growth stock, we must also account for its earnings growth, which is captured in the PEG ratio. … This means that, when we account for Bingo Industries's growth, the stock can be viewed as a bit overvalued , based on its fundamentals.

Simply Wall St -

Bingo Industries Limited’s (ASX:BIN) Investment Returns Are Lagging Its Industry

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Bingo Industries: 0.082 = AU$58m ÷ (AU$804m - AU$97m) (Based on the trailing twelve months to December 2018.) Therefore, Bingo Industries has an ROCE of 8.2%. … How Bingo Industries's Current Liabilities Impact Its ROCE Current liabilities are short term bills and invoices that need to be paid in 12 months or less. … Due to the way the ROCE equation works, having large bills due in the near term can make it look as though a company has less capital employed, and thus a higher ROCE than usual.

Simply Wall St -

Does It Make Sense To Buy Bingo Industries Limited (ASX:BIN) For Its Yield?

We're conscious though that one of the best ways to detect a multi-decade consistent dividend payer, is to watch a company pay dividends for 20 years - a distinction Bingo Industries has not achieved yet. … Conclusion When we look at a dividend stock, we need to form a judgement on whether the dividend will grow, if the company is able to maintain it in a wide range of economic circumstances, and if the dividend payout is sustainable. … With this information in mind, we think Bingo Industries may not be an ideal dividend stock.

Simply Wall St -

At AU$1.89, Is Bingo Industries Limited (ASX:BIN) Worth Looking At Closely?

I find that Bingo Industries’s ratio of 26.44x is trading slightly above its industry peers’ ratio of 22.29x, which means if you buy Bingo Industries today, you’d be paying a relatively fair price for it. … And if you believe Bingo Industries should be trading in this range, then there isn’t really any room for the share price grow beyond what it’s currently trading. … Given that Bingo Industries’s share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us an opportunity to buy later on.

Simply Wall St -

Should Bingo Industries Limited (ASX:BIN) Focus On Improving This Fundamental Metric?

Our data shows Bingo Industries has a return on equity of 4.8% for the last year. … The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Bingo Industries: 4.8% = AU$34m ÷ AU$706m (Based on the trailing twelve months to December 2018.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Bingo Industries's Debt And Its 4.8% ROE Shareholders will be pleased to learn that Bingo Industries has not one iota of net debt!

Simply Wall St -

BIN Company Info

Description

Bingo Industries Limited, together with its subsidiaries, provides waste management solutions for domestic and commercial businesses in Australia. It operates through three segments: Collections, Post Collections, and Other. It collects and transports building, demolition, industrial, and commercial waste from customers to post-collection facilities; and provides bins on hire. The company also diverts waste from landfill by sorting and processing mixed waste received from customers to be reused, recycled, or sent to other facilities for further processing; and manufactures and supplies bins. It operates through a network of 15 sites in New South Wales (NSW); and truck fleet of approximately 350 trucks in NSW and Victoria. Bingo Industries Limited was incorporated in 2017 and is based in Auburn, Australia.

Details
Name: Bingo Industries Limited
BIN
Exchange: ASX
Founded: 2017
A$1,922,126,362
653,784,477
Website: http://www.bingoindustries.com.au
Address: Bingo Industries Limited
305 Parramatta Road,
Auburn,
New South Wales, 2144,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX BIN Ordinary Shares Australian Securities Exchange AU AUD 03. May 2017
DB BI6 Ordinary Shares Deutsche Boerse AG DE EUR 03. May 2017
CHIA BIN Ordinary Shares Chi-X Australia AU AUD 03. May 2017
Number of employees
Current staff
Staff numbers
990
Bingo Industries employees.
Industry
Environmental and Facilities Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/18 10:42
End of day share price update: 2019/11/18 00:00
Last estimates confirmation: 2019/11/17
Last earnings filing: 2019/08/21
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.