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Briscoe Group

CHIA:BGP
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BGP
CHIA
NZ$627M
Market Cap
  1. Home
  2. AU
  3. Retail
Company description

Briscoe Group Limited, through its subsidiaries, engages in the retail of homeware and sporting goods in New Zealand. The last earnings update was 20 days ago. More info.


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BGP Share Price and Events
7 Day Returns
0%
CHIA:BGP
13.8%
AU Specialty Retail
5.1%
AU Market
1 Year Returns
-
CHIA:BGP
-24.5%
AU Specialty Retail
-19%
AU Market
BGP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Briscoe Group (BGP) 0% 0% - - - -
AU Specialty Retail 13.8% -33.5% -41.6% -24.5% -31% -20%
AU Market 5.1% -20.9% -25.6% -19% -16.6% -17.3%
1 Year Return vs Industry and Market
  • No trading data on BGP.
  • No trading data on BGP.
Price Volatility
BGP
Industry
5yr Volatility vs Market

Value

 Is Briscoe Group 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 Briscoe Group 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 Briscoe Group.

CHIA:BGP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.5%
Perpetual Growth Rate 10-Year AU Government Bond Rate 1.1%

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 CHIA:BGP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 1.1%
Equity Risk Premium S&P Global 5.4%
Specialty Retail Unlevered Beta Simply Wall St/ S&P Global 0.74
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.736 (1 + (1- 28%) (47.3%))
0.991
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.99
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.08% + (0.991 * 5.44%)
6.47%

Discounted Cash Flow Calculation for CHIA:BGP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Briscoe Group 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.

CHIA:BGP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (NZD, Millions) Source Present Value
Discounted (@ 6.47%)
2020 64.18 Est @ 5.95% 60.28
2021 67.06 Est @ 4.49% 59.15
2022 69.39 Est @ 3.47% 57.48
2023 71.30 Est @ 2.75% 55.48
2024 72.90 Est @ 2.25% 53.27
2025 74.28 Est @ 1.9% 50.99
2026 75.51 Est @ 1.65% 48.68
2027 76.63 Est @ 1.48% 46.40
2028 77.67 Est @ 1.36% 44.17
2029 78.67 Est @ 1.28% 42.01
Present value of next 10 years cash flows NZ$517.00
CHIA:BGP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= NZ$78.67 × (1 + 1.08%) ÷ (6.47% – 1.08%)
NZ$1,474.34
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= NZ$1,474.34 ÷ (1 + 6.47%)10
NZ$787.39
CHIA:BGP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= NZ$517.00 + NZ$787.39
NZ$1,304.39
Equity Value per Share
(NZD)
= Total value / Shares Outstanding
= NZ$1,304.39 / 222.22
NZ$5.87
CHIA:BGP Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in CHIA:BGP represents 1.39361x of NZSE:BGP
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.39361x
Value per Share
(Listing Adjusted, AUD)
= Value per Share (NZD) x Listing Adjustment Factor
= NZ$ 5.87 x 1.39361
A$8.18
Value per share (AUD) From above. A$8.18
Current discount Discount to share price of A$3.93
= -1 x (A$3.93 - A$8.18) / A$8.18
52%

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

Current Discount
Amount off the current price Briscoe Group is available for.
Intrinsic value
>50%
Share price is A$3.93 vs Future cash flow value of A$8.18
Current Discount Checks
For Briscoe Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Briscoe Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Briscoe Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Briscoe Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Briscoe Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CHIA:BGP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2020-01-26) in NZD NZ$0.28
NZSE:BGP Share Price ** NZSE (2020-01-15) in NZD NZ$2.82
Australia Specialty Retail Industry PE Ratio Median Figure of 17 Publicly-Listed Specialty Retail Companies 7.1x
Australia Market PE Ratio Median Figure of 515 Publicly-Listed Companies 12.99x

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

** Primary Listing of Briscoe Group.

CHIA:BGP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NZSE:BGP Share Price ÷ EPS (both in NZD)

= 2.82 ÷ 0.28

10x

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

  • Briscoe Group is overvalued based on earnings compared to the AU Specialty Retail industry average.
  • Briscoe Group is good value based on earnings compared to the Australia market.
Price based on expected Growth
Does Briscoe Group's expected growth come at a high price?
Raw Data
CHIA:BGP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
-0.3%per year
Australia Specialty Retail Industry PEG Ratio Median Figure of 14 Publicly-Listed Specialty Retail Companies 0.53x
Australia Market PEG Ratio Median Figure of 337 Publicly-Listed Companies 1x

*Line of best fit is calculated by linear regression .

CHIA:BGP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10x ÷ -0.3%

-30.9x

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

  • Briscoe Group earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Briscoe Group's assets?
Raw Data
CHIA:BGP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2020-01-26) in NZD NZ$1.41
NZSE:BGP Share Price * NZSE (2020-01-15) in NZD NZ$2.82
Australia Specialty Retail Industry PB Ratio Median Figure of 24 Publicly-Listed Specialty Retail Companies 1.12x
Australia Market PB Ratio Median Figure of 1,614 Publicly-Listed Companies 1.24x
CHIA:BGP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NZSE:BGP Share Price ÷ Book Value per Share (both in NZD)

= 2.82 ÷ 1.41

2.01x

* Primary Listing of Briscoe Group.

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

  • Briscoe Group is overvalued based on assets compared to the AU Specialty Retail industry average.
X
Value checks
We assess Briscoe Group'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 Specialty Retail 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 Specialty Retail industry average (and greater than 0)? (1 check)
  5. Briscoe Group has a total score of 3/6, 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.

Future Performance

 How is Briscoe Group expected to perform in the next 1 to 3 years based on estimates from 2 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
-0.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Briscoe Group expected to grow at an attractive rate?
  • Briscoe Group's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.1%.
Growth vs Market Checks
  • Briscoe Group's earnings are expected to decrease over the next 1-3 years, this is below the Australia market average.
  • Briscoe Group's revenue growth is positive but not above the Australia market average.
Annual Growth Rates Comparison
Raw Data
CHIA:BGP Future Growth Rates Data Sources
Data Point Source Value (per year)
CHIA:BGP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts -0.3%
CHIA:BGP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 2.7%
Australia Specialty Retail Industry Earnings Growth Rate Market Cap Weighted Average 26.6%
Australia Specialty Retail Industry Revenue Growth Rate Market Cap Weighted Average 6.7%
Australia Market Earnings Growth Rate Market Cap Weighted Average 10%
Australia Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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
CHIA:BGP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in NZD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
CHIA:BGP Future Estimates Data
Date (Data in NZD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-01-31 707 61 2
2022-01-31 692 63 2
2021-01-31 671 60 2
2020-04-05
2020-01-31 652 64 2
CHIA:BGP Past Financials Data
Date (Data in NZD Millions) Revenue Cash Flow Net Income *
2020-01-26 653 80 63
2019-10-26 647 78 62
2019-07-28 642 77 62
2019-04-28 637 72 63
2019-01-27 632 66 63
2018-10-27 625 68 63
2018-07-29 617 71 62
2018-04-29 611 70 62
2018-01-28 605 70 61
2017-10-28 600 70 61
2017-07-30 596 71 61
2017-04-29 589 78 60
2017-01-29 583 86 59

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Briscoe Group's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Briscoe Group's revenue is expected to grow by 2.7% 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
CHIA:BGP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Briscoe Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CHIA:BGP Future Estimates Data
Date (Data in NZD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-01-31 0.28 0.28 0.28 1.00
2022-01-31 0.28 0.28 0.28 1.00
2021-01-31 0.27 0.27 0.27 1.00
2020-04-05
2020-01-31 0.29 0.29 0.29 1.00
CHIA:BGP Past Financials Data
Date (Data in NZD Millions) EPS *
2020-01-26 0.28
2019-10-26 0.28
2019-07-28 0.28
2019-04-28 0.28
2019-01-27 0.29
2018-10-27 0.28
2018-07-29 0.28
2018-04-29 0.28
2018-01-28 0.28
2017-10-28 0.28
2017-07-30 0.28
2017-04-29 0.27
2017-01-29 0.27

*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.
  • Briscoe Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Briscoe Group'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.
Briscoe Group has a total score of 0/6, 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.

Past Performance

  How has Briscoe Group 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 Briscoe Group's growth in the last year to its industry (Specialty Retail).
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.
  • Briscoe Group's year on year earnings growth rate has been positive over the past 5 years.
  • Briscoe Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Briscoe Group's 1-year earnings growth is negative, it can't be compared to the AU Specialty Retail industry average.
Earnings and Revenue History
Briscoe Group'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 Briscoe Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CHIA:BGP Past Revenue, Cash Flow and Net Income Data
Date (Data in NZD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2020-01-26 653.02 62.58 169.94
2019-10-26 647.36 62.45 170.57
2019-07-28 641.70 62.32 171.20
2019-04-28 636.81 62.86 172.78
2019-01-27 631.92 63.39 174.35
2018-10-27 624.59 62.74 171.76
2018-07-29 617.26 62.09 169.18
2018-04-29 611.20 61.71 166.98
2018-01-28 605.14 61.33 164.79
2017-10-28 600.35 61.03 166.28
2017-07-30 595.57 60.74 167.77
2017-04-29 589.20 60.08 167.38
2017-01-29 582.84 59.42 166.99
2016-10-29 580.06 56.68 165.88
2016-07-31 577.28 53.93 164.78
2016-04-30 565.09 50.53 162.80
2016-01-31 552.89 47.14 160.82
2015-10-31 536.23 44.22 155.51
2015-07-26 519.57 41.30 150.20
2015-04-26 513.32 40.30 148.33
2015-01-25 507.06 39.30 146.46
2014-10-25 502.36 38.21 145.44
2014-07-27 497.65 37.11 144.42
2014-04-27 490.61 35.34 142.74
2014-01-26 483.57 33.58 141.07
2013-10-26 474.45 32.84 138.87
2013-07-28 465.34 32.11 136.68
2013-04-28 459.02 31.29 135.93

*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.
  • Briscoe Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Briscoe Group used its assets more efficiently than the AU Specialty Retail industry average last year based on Return on Assets.
  • Briscoe Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Briscoe Group'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 Specialty Retail 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.
Briscoe Group has a total score of 3/6, 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.

Health

 How is Briscoe Group'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 Briscoe Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Briscoe Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Briscoe Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Briscoe Group'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.
  • Briscoe Group has no debt, it does not need to be covered by short term assets.
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 Briscoe Group Company Filings, last reported 2 months ago.

CHIA:BGP Past Debt and Equity Data
Date (Data in NZD Millions) Total Equity Total Debt Cash & Short Term Investments
2020-01-26 312.12 0.00 67.41
2019-10-26 312.12 0.00 67.41
2019-07-28 245.29 0.00 55.53
2019-04-28 245.29 0.00 55.53
2019-01-27 273.54 0.00 80.78
2018-10-27 273.54 0.00 80.78
2018-07-29 293.48 0.00 46.23
2018-04-29 293.48 0.00 46.23
2018-01-28 248.43 0.00 78.19
2017-10-28 248.43 0.00 78.19
2017-07-30 224.75 0.00 35.70
2017-04-29 224.75 0.00 35.70
2017-01-29 205.15 0.00 60.07
2016-10-29 205.15 0.00 60.07
2016-07-31 179.68 0.00 13.92
2016-04-30 179.68 0.00 13.92
2016-01-31 164.42 0.00 17.55
2015-10-31 164.42 0.00 17.55
2015-07-26 163.66 0.00 16.69
2015-04-26 163.66 0.00 16.69
2015-01-25 155.56 0.00 89.69
2014-10-25 155.56 0.00 89.69
2014-07-27 142.17 0.00 60.24
2014-04-27 142.17 0.00 60.24
2014-01-26 140.65 0.00 84.76
2013-10-26 140.65 0.00 84.76
2013-07-28 130.98 0.00 67.37
2013-04-28 130.98 0.00 67.37
  • Briscoe Group has no debt.
  • Briscoe Group has not taken on any debt in the past 5 years.
  • Briscoe Group has no debt, it does not need to be covered by operating cash flow.
  • Briscoe Group has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Briscoe Group'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. Briscoe Group has a total score of 5/6, 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.

Dividends

 What is Briscoe Group'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
0%
Current annual income from Briscoe Group dividends. Estimated to be 7.88% next year.
If you bought A$2,000 of Briscoe Group shares you are expected to receive A$0 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?
  • Unable to evaluate Briscoe Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Briscoe Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
CHIA:BGP 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 2 Analyst Estimates (S&P Global) See Below
Australia Specialty Retail Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 6.1%
Australia Market Average Dividend Yield Market Cap Weighted Average of 367 Stocks 5.5%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.7%
Australia Bottom 25% Dividend Yield 25th Percentile 3.2%
Australia Top 25% Dividend Yield 75th Percentile 8.1%

Industry and Market average data is calculated daily.

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

CHIA:BGP Future Dividends Estimate Data
Date (Data in NZ$) Dividend per Share (annual) Avg. No. Analysts
2023-01-31 0.23 2.00
2022-01-31 0.22 2.00
2021-01-31 0.21 2.00
2020-04-05
2020-01-31 0.21 2.00
CHIA:BGP Past Annualized Dividends Data
Date (Data in NZ$) Dividend per share (annual) Avg. Yield (%)
2020-03-23 0.000 0.000
2019-03-29 0.200 5.584
2018-09-19 0.195 5.778
2018-04-05 0.190 5.397
2018-03-12 0.190 5.278
2017-10-02 0.185 5.501
2017-03-15 0.180 4.513
2016-04-06 0.155 4.315
2016-03-10 0.155 5.065
2015-09-15 0.145 5.049
2015-05-14 0.140 4.917
2014-04-03 0.125 4.490
2014-03-06 0.125 4.898
2013-04-04 0.110 4.493
2013-03-07 0.110 4.472
2012-03-09 0.100 5.219
2011-03-08 0.090 6.372
2010-09-10 0.080 5.831
2010-04-09 0.070 5.634
2010-03-09 0.070 5.293

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

  • Unable to perform a dividend volatility check as Briscoe Group has not reported any payouts.
  • Unable to verify if Briscoe Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Briscoe Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Briscoe Group has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
X
Income/ dividend checks
We assess Briscoe Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.7%) - 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 Briscoe Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Briscoe Group 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.

Management

 What is the CEO of Briscoe Group'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
Rod Duke
COMPENSATION NZ$978,116
TENURE AS CEO 29.3 years
CEO Bio

Mr. Rodney Adrian Duke, also known as Rod, has been Group Managing Director of Briscoe Group Limited since 1991. From 1981 to 1988, Mr. Duke served in the positions of New South Wales Manager of Homecraft/Eric Anderson Stores, a Senior Merchandise Executive of Grace Brothers and Managing Director of Norman Ross Ltd. He served as Managing Director of Briscoes (New Zealand) Limited since September 1988. He has spent all his working life in the retail sector. He serves as Deputy Chairman and Executive Director of Briscoe Group Limited since March 1992. He serves as a Director of Briscoes (NZ) Limited, a subsidiary of Briscoe Group Limited. He serves as a Director of Rebel Sport Limited and Living and Giving Limited. He served as a Director of Pumpkin Patch Ltd. from June 1, 2012 to July 2015. He serves as a Trustee of RA Duke Trust. He did his schooling in Adelaide.

CEO Compensation
  • Rod's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Rod's remuneration is about average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the Briscoe Group management team in years:

10.7
Average Tenure
  • The average tenure for the Briscoe Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Rod Duke

TITLE
Deputy Chairman & Group Managing Director
COMPENSATION
NZ$978K
TENURE
29.3 yrs

Geoff Scowcroft

TITLE
Chief Financial Officer
TENURE
17.5 yrs

Andrew Scott

TITLE
Chief Operating Officer
TENURE
0.8 yrs

Aston Moss

TITLE
Group General Manager of Human Resources
TENURE
3.9 yrs
Board of Directors Tenure

Average tenure of the Briscoe Group board of directors in years:

11.4
Average Tenure
  • The average tenure for the Briscoe Group board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Dame O'Loghlen Meo

TITLE
Independent Non-Executive Chairman
COMPENSATION
NZ$128K
AGE
74
TENURE
18.9 yrs

Rod Duke

TITLE
Deputy Chairman & Group Managing Director
COMPENSATION
NZ$978K
TENURE
28.1 yrs

Tony Batterton

TITLE
Independent Non-Executive Director
COMPENSATION
NZ$78K
TENURE
3.8 yrs

Andy Coupe

TITLE
Independent Non-Executive Director
COMPENSATION
NZ$76K
TENURE
3.5 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Briscoe Group individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
19. Mar 20 Buy Rodney Duke Individual 17. Mar 20 19. Mar 20 216,007 A$3.13 A$675,443
17. Nov 19 Sell Geoffrey Scowcroft Individual 15. Nov 19 15. Nov 19 -24,460 A$3.42 A$-83,579
08. May 19 Buy Rodney Duke Individual 07. May 19 07. May 19 30,000 A$3.01 A$90,372
14. Nov 19 Sell Geoffrey Scowcroft Individual 11. Nov 19 14. Nov 19 -73,201 A$3.45 A$-252,892
X
Management checks
We assess Briscoe Group'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. Briscoe Group 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.

News

Simply Wall St News

Company Info

Description

Briscoe Group Limited, through its subsidiaries, engages in the retail of homeware and sporting goods in New Zealand. The company operates in two segments, Homeware and Sporting Goods. It operates under the Briscoes Homeware, Living & Giving, and Rebel Sport brand names. As of January 27, 2019, the company operated a network of 46 bricks and mortar stores, including 13 fulfilment hubs in the homewares sector; and 38 stores, including 9 fulfilment hubs in the sporting goods sector. It also sells products online. The company was founded in 1781 and is headquartered in Auckland, New Zealand. Briscoe Group Limited is a subsidiary of JB Were (NZ) Nominees Limited.

Details
Name: Briscoe Group Limited
BGP
Exchange: CHIA
Founded: 1781
NZ$610,513,748
222,218,500
Website: http://www.briscoegroup.co.nz
Address: Briscoe Group Limited
1 Taylors Road,
Morningside,
Auckland,
1025,
New Zealand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NZSE BGP Ordinary Shares New Zealand Stock Exchange NZ NZD 18. Dec 2001
ASX BGP Ordinary Shares Australian Securities Exchange AU AUD 18. Dec 2001
CHIA BGP Ordinary Shares Chi-X Australia AU AUD 18. Dec 2001
Number of employees
Current staff
Staff numbers
0
Briscoe Group employees.
Industry
Homefurnishing Retail
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/05 11:20
End of day share price update: 2020/01/15 00:00
Last estimates confirmation: 2020/03/22
Last earnings filing: 2020/03/16
Last earnings reported: 2020/01/26
Last annual earnings reported: 2020/01/26


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.