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Barloworld

DB:BRL1
Snowflake Description

Excellent balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BRL1
DB
ZAR27B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Barloworld Limited distributes products that provide integrated rental, fleet management, product support, and logistics solutions in South Africa, rest of Africa, the Middle East, and Russia. The last earnings update was 177 days ago. More info.


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BRL1 Share Price and Events
7 Day Returns
2.1%
DB:BRL1
7%
DE Trade Distributors
0.8%
DE Market
1 Year Returns
1.4%
DB:BRL1
6.9%
DE Trade Distributors
9%
DE Market
BRL1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Barloworld (BRL1) 2.1% 2.8% 17.1% 1.4% 30.7% 0.4%
DE Trade Distributors 7% 8.4% 16.8% 6.9% -1.2% 8.4%
DE Market 0.8% 6.3% 14.4% 9% 14.5% 21.8%
1 Year Return vs Industry and Market
  • BRL1 underperformed the Trade Distributors industry which returned 6.9% over the past year.
  • BRL1 underperformed the Market in Germany which returned 9% over the past year.
Price Volatility
BRL1
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Barloworld's competitors could be found in our database.

BRL1 Value

 Is Barloworld 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 Barloworld 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 Barloworld.

DB:BRL1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 DB:BRL1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.951 (1 + (1- 28%) (40%))
1.15
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.15
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.15 * 5.96%)
7.08%

Discounted Cash Flow Calculation for DB:BRL1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Barloworld 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.

DB:BRL1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (ZAR, Millions) Source Present Value
Discounted (@ 7.08%)
2020 2,412.00 Analyst x2 2,252.42
2021 2,127.00 Analyst x1 1,854.87
2022 1,956.34 Est @ -8.02% 1,593.17
2023 1,847.80 Est @ -5.55% 1,405.22
2024 1,777.30 Est @ -3.82% 1,262.19
2025 1,731.05 Est @ -2.6% 1,148.01
2026 1,700.70 Est @ -1.75% 1,053.26
2027 1,680.99 Est @ -1.16% 972.18
2028 1,668.50 Est @ -0.74% 901.12
2029 1,660.97 Est @ -0.45% 837.70
Present value of next 10 years cash flows ZAR13,280.00
DB:BRL1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ZAR1,660.97 × (1 + 0.23%) ÷ (7.08% – 0.23%)
ZAR24,279.44
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ZAR24,279.44 ÷ (1 + 7.08%)10
ZAR12,245.22
DB:BRL1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ZAR13,280.00 + ZAR12,245.22
ZAR25,525.22
Equity Value per Share
(ZAR)
= Total value / Shares Outstanding
= ZAR25,525.22 / 219.27
ZAR116.41
DB:BRL1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:BRL1 represents 0.05894x of JSE:BAW
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.05894x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (ZAR) x Listing Adjustment Factor
= ZAR 116.41 x 0.05894
€6.86
Value per share (EUR) From above. €6.86
Current discount Discount to share price of €7.25
= -1 x (€7.25 - €6.86) / €6.86
-5.7%

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

  • The current share price of Barloworld 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 Barloworld's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Barloworld's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:BRL1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in ZAR ZAR10.30
JSE:BAW Share Price ** JSE (2019-11-13) in ZAR ZAR123
Germany Trade Distributors Industry PE Ratio Median Figure of 7 Publicly-Listed Trade Distributors Companies 16.14x
Germany Market PE Ratio Median Figure of 403 Publicly-Listed Companies 19.89x

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

** Primary Listing of Barloworld.

DB:BRL1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= JSE:BAW Share Price ÷ EPS (both in ZAR)

= 123 ÷ 10.30

11.94x

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

  • Barloworld is good value based on earnings compared to the DE Trade Distributors industry average.
  • Barloworld is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Barloworld's expected growth come at a high price?
Raw Data
DB:BRL1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.94x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
10.5%per year
Europe Trade Distributors Industry PEG Ratio Median Figure of 32 Publicly-Listed Trade Distributors Companies 1.82x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

DB:BRL1 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.94x ÷ 10.5%

1.13x

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

  • Barloworld is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Barloworld's assets?
Raw Data
DB:BRL1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in ZAR ZAR106.25
JSE:BAW Share Price * JSE (2019-11-13) in ZAR ZAR123
Germany Trade Distributors Industry PB Ratio Median Figure of 10 Publicly-Listed Trade Distributors Companies 1.19x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.83x
DB:BRL1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= JSE:BAW Share Price ÷ Book Value per Share (both in ZAR)

= 123 ÷ 106.25

1.16x

* Primary Listing of Barloworld.

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

  • Barloworld is good value based on assets compared to the DE Trade Distributors industry average.
X
Value checks
We assess Barloworld'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 Trade Distributors 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 Trade Distributors industry average (and greater than 0)? (1 check)
  5. Barloworld 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.

BRL1 Future Performance

 How is Barloworld expected to perform in the next 1 to 3 years based on estimates from 8 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
10.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Barloworld expected to grow at an attractive rate?
  • Barloworld's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Barloworld's earnings growth is positive but not above the Germany market average.
  • Barloworld's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:BRL1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:BRL1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 10.5%
DB:BRL1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 6%
Germany Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 13.6%
Europe Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 3.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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
DB:BRL1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in ZAR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:BRL1 Future Estimates Data
Date (Data in ZAR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-09-30 78,022 8,664 3,340 2
2021-09-30 70,414 6,685 2,931 7
2020-09-30 66,511 5,737 2,523 8
2019-11-13
2019-09-30 63,362 5,339 2,447 8
DB:BRL1 Past Financials Data
Date (Data in ZAR Millions) Revenue Cash Flow Net Income *
2019-03-31 62,939 3,665 2,173
2018-12-31 63,180 2,683 2,186
2018-09-30 63,420 1,700 2,199
2018-03-31 62,205 1,441 2,059
2017-12-31 62,082 2,588 1,986
2017-09-30 61,959 3,734 1,912
2017-03-31 60,731 4,538 1,876
2016-12-31 61,403 5,127 1,865
2016-09-30 62,074 5,715 1,854
2016-06-30 65,273 4,765 1,814

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Barloworld's earnings are expected to grow by 10.5% yearly, however this is not considered high growth (20% yearly).
  • Barloworld's revenue is expected to grow by 6% 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
DB:BRL1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Barloworld Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:BRL1 Future Estimates Data
Date (Data in ZAR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-09-30 17.30 17.30 17.30 1.00
2021-09-30 14.31 15.39 13.18 4.00
2020-09-30 12.61 13.32 11.91 4.00
2019-11-13
2019-09-30 11.32 12.87 9.92 4.00
DB:BRL1 Past Financials Data
Date (Data in ZAR Millions) EPS *
2019-03-31 10.30
2018-12-31 10.36
2018-09-30 10.43
2018-03-31 9.78
2017-12-31 9.42
2017-09-30 9.07
2017-03-31 8.89
2016-12-31 8.83
2016-09-30 8.77
2016-06-30 8.57

*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.
  • Barloworld is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Barloworld'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Barloworld has a total score of 2/6, 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.

BRL1 Past Performance

  How has Barloworld 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 Barloworld's growth in the last year to its industry (Trade Distributors).
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.
  • Barloworld's year on year earnings growth rate has been positive over the past 5 years.
  • Barloworld's 1-year earnings growth exceeds its 5-year average (5.5% vs 5.4%)
  • Barloworld's earnings growth has not exceeded the DE Trade Distributors industry average in the past year (5.5% vs 8.4%).
Earnings and Revenue History
Barloworld'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 Barloworld Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:BRL1 Past Revenue, Cash Flow and Net Income Data
Date (Data in ZAR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 62,939.00 2,173.00 57.00
2018-12-31 63,179.50 2,186.00 57.00
2018-09-30 63,420.00 2,199.00 57.00
2018-03-31 62,205.00 2,059.00 65.00
2017-12-31 62,082.00 1,985.50 65.00
2017-09-30 61,959.00 1,912.00 65.00
2017-03-31 60,731.00 1,876.00 69.00
2016-12-31 61,402.50 1,865.00 69.00
2016-09-30 62,074.00 1,854.00 69.00
2016-06-30 65,273.00 1,814.00 193.00
2016-03-31 63,999.00 1,745.00 317.00
2015-12-31 63,359.50 1,729.00 317.00
2015-09-30 62,720.00 1,713.00 317.00
2015-06-30 62,801.00 1,778.00 220.50
2015-03-31 62,882.00 1,843.00 62.00
2014-12-31 62,491.50 1,779.00 62.00
2014-09-30 62,101.00 1,715.00 62.00
2014-06-30 65,639.00 1,755.50 3,297.50
2014-03-31 60,824.00 1,604.00 5,980.00
2013-12-31 60,161.00 1,583.50 5,980.00
2013-09-30 59,498.00 1,563.00 39.00
2013-06-30 60,673.50 1,669.50 6,531.00
2013-03-31 58,994.00 1,710.00 6,467.00
2012-12-31 58,774.00 1,634.50 6,467.00

*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.
  • Barloworld has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Barloworld used its assets more efficiently than the DE Trade Distributors industry average last year based on Return on Assets.
  • Barloworld has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Barloworld'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 Trade Distributors 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.
Barloworld has a total score of 4/6, 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.

BRL1 Health

 How is Barloworld'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 Barloworld's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Barloworld is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Barloworld's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Barloworld'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 covered by short term assets, assets are 2.6x 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 Barloworld Company Filings, last reported 7 months ago.

DB:BRL1 Past Debt and Equity Data
Date (Data in ZAR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 23,127.00 10,758.00 6,200.00
2018-12-31 23,127.00 10,758.00 6,200.00
2018-09-30 22,750.00 11,169.00 7,893.00
2018-03-31 20,018.00 11,761.00 2,172.00
2017-12-31 20,018.00 11,761.00 2,172.00
2017-09-30 20,877.00 9,678.00 3,925.00
2017-03-31 19,510.00 12,315.00 3,230.00
2016-12-31 19,510.00 12,315.00 3,230.00
2016-09-30 19,679.00 11,044.00 3,028.00
2016-06-30 19,679.00 9,800.00 3,028.00
2016-03-31 20,952.00 14,231.00 2,318.00
2015-12-31 20,952.00 14,231.00 2,318.00
2015-09-30 20,042.00 13,124.00 2,372.00
2015-06-30 20,042.00 11,974.00 2,372.00
2015-03-31 17,909.00 14,763.00 3,125.00
2014-12-31 17,909.00 14,763.00 3,125.00
2014-09-30 17,486.00 10,064.00 4,162.00
2014-06-30 17,486.00 11,316.00 4,162.00
2014-03-31 16,472.00 13,008.00 1,810.00
2013-12-31 16,472.00 13,008.00 1,810.00
2013-09-30 15,907.00 9,381.00 2,695.00
2013-06-30 15,839.00 10,253.00 2,836.00
2013-03-31 14,225.00 12,712.00 1,709.00
2012-12-31 14,225.00 12,712.00 1,709.00
  • Barloworld's level of debt (46.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (72.4% vs 46.5% today).
  • Debt is well covered by operating cash flow (34.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.5x coverage).
X
Financial health checks
We assess Barloworld'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. Barloworld 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.

BRL1 Dividends

 What is Barloworld'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
3.76%
Current annual income from Barloworld dividends. Estimated to be 4.67% next year.
If you bought €2,000 of Barloworld shares you are expected to receive €75 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?
  • Barloworld's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.39%).
  • Barloworld's dividend is above the markets top 25% of dividend payers in Germany (3.64%).
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
DB:BRL1 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 8 Analyst Estimates (S&P Global) See Below
Germany Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 2.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

DB:BRL1 Future Dividends Estimate Data
Date (Data in ZAR) Dividend per Share (annual) Avg. No. Analysts
2022-09-30 6.93 1.00
2021-09-30 6.05 7.00
2020-09-30 5.33 8.00
2019-11-13
2019-09-30 5.01 8.00
DB:BRL1 Past Annualized Dividends Data
Date (Data in ZAR) Dividend per share (annual) Avg. Yield (%)
2018-12-21 4.620 3.769
2018-11-19 4.620 4.019
2017-12-27 3.900 2.781
2017-11-20 3.900 2.621
2016-12-21 3.450 2.900
2016-11-21 3.450 3.181
2015-11-16 3.450 4.636
2015-11-13 3.450 4.610
2014-12-22 3.200 3.587
2014-11-17 3.200 3.194
2014-05-19 3.010 3.035
2013-11-19 2.910 2.783
2012-11-19 2.300 2.617
2011-11-14 1.550 1.934
2010-11-17 0.750 1.131
2010-11-16 0.750 1.426
2009-11-16 1.100 2.415
2009-05-12 1.900 4.366
2008-11-17 2.500 6.843

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Barloworld's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.3x coverage).
X
Income/ dividend checks
We assess Barloworld's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Barloworld afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Barloworld has a total score of 5/6, see the detailed checks below.


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

BRL1 Management

 What is the CEO of Barloworld'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
Dominic Sewela
COMPENSATION ZAR20,912,000
AGE 53
TENURE AS CEO 2.8 years
CEO Bio

Mr. Dominic Malentsha Sewela, BSc Chemical Engineering, has been the Chief Executive Officer of Barloworld Ltd. since February 8, 2017. Mr. Sewela served as Deputy Chief Executive Officer of Barloworld Ltd. from March 1, 2016 to February 8, 2017. He rejoined Barloworld in 2007 as Chief Executive Officer to the Equipment Division South Africa. Mr. Sewela served as the Chief Operating Officer of Equipment South Africa at Barloworld Ltd. Since 2014. He served as the Deputy Managing Director of Afgri Ltd. since April 15, 2005 and served as its Executive Director from April 7, 2006 to June 2007. From 1 October 2016, Dominic became the Chief Executive designate of Barloworld. He has been an Executive Director of Barloworld Ltd. since March 19, 2014. He serves as a Director at Barloworld Equipment UK Limited.

CEO Compensation
  • Dominic's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Dominic's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Barloworld management team in years:

2.8
Average Tenure
53
Average Age
  • The tenure for the Barloworld management team is about average.
Management Team

Dominic Sewela

TITLE
CEO & Executive Director
COMPENSATION
ZAR21M
AGE
53
TENURE
2.8 yrs

Don Wilson

TITLE
Director
COMPENSATION
ZAR11M
AGE
62

Emmy Leeka

TITLE
Chief Executive Officer of Barloworld Equipment Southern Africa
COMPENSATION
ZAR10M
AGE
50
TENURE
7.1 yrs

Nopasika Lila

TITLE
Group Finance Director
AGE
50
TENURE
0.3 yrs

Rob Tennant

TITLE
Chief Information Officer and Chief Digital Officer
AGE
62
TENURE
4.7 yrs

Zanele Salman

TITLE
Head of Investor Relations

Andiswa Ndoni

TITLE
Group Executive of Company Secretariat and Legal
AGE
53
TENURE
0.8 yrs

Lethiwe Motloung

TITLE
Head of Group Communication

Lauren Bobbert

TITLE
Communications & Marketing Officer
TENURE
9.5 yrs

Tantaswa Fubu

TITLE
Group Executive of Human Capital
AGE
46
TENURE
2.8 yrs
Board of Directors Tenure

Average tenure and age of the Barloworld board of directors in years:

5.7
Average Tenure
60.5
Average Age
  • The tenure for the Barloworld board of directors is about average.
Board of Directors

Dumisa Ntsebeza

TITLE
Chairman of the Board
COMPENSATION
ZAR2M
AGE
69
TENURE
12.4 yrs

Dominic Sewela

TITLE
CEO & Executive Director
COMPENSATION
ZAR21M
AGE
53
TENURE
5.7 yrs

Don Wilson

TITLE
Director
COMPENSATION
ZAR11M
AGE
62
TENURE
13.2 yrs

Sango Ntsaluba

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR1M
AGE
59
TENURE
11.3 yrs

Nee Hani Dongwana

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR1M
AGE
47
TENURE
7.5 yrs

Hester Hickey

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR732K
AGE
65
TENURE
2.6 yrs

Ngozi Edozien

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR1M
AGE
54
TENURE
5.7 yrs

Michael Lynch-Bell

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR1M
AGE
65
TENURE
2.6 yrs

Peter Schmid

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR2M
AGE
56
TENURE
2.6 yrs

Nomavuso Mnxasana

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR516K
AGE
62
TENURE
2.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
27. Feb 19 Buy Barloworld Limited, Employee Share Ownership Plan Company 25. Feb 19 26. Feb 19 231,469 €8.56 €1,908,778
13. Dec 18 Buy Dumisa Ntsebeza Individual 23. Nov 18 23. Nov 18 4,500 €7.07 €31,809
04. Dec 18 Buy Dominic Sewela Individual 20. Nov 18 23. Nov 18 17,721 €7.20 €125,885
29. Nov 18 Buy Sango Ntsaluba Individual 26. Nov 18 26. Nov 18 885 €1.42 €1,254
28. Nov 18 Buy Sango Ntsaluba Individual 23. Nov 18 23. Nov 18 900 €7.01 €6,306
21. Nov 18 Buy Dominic Sewela Individual 19. Nov 18 19. Nov 18 4,315 €7.21 €30,996
X
Management checks
We assess Barloworld'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. Barloworld 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.

BRL1 News

Simply Wall St News

BRL1 Company Info

Description

Barloworld Limited distributes products that provide integrated rental, fleet management, product support, and logistics solutions in South Africa, rest of Africa, the Middle East, and Russia. The company operates through Equipment, Automotive, and Logistics divisions. It offers short-term vehicle rental services; long-term vehicle lease and fleet management services to operators of passenger and commercial vehicles; and bulk used vehicle disposal solutions and other digital services. The company also sells new, used, and demo cars through multi-national dealerships, as well as online under the Audi, BMW, Ford, General Motors, Toyota, Lexus, Isuzu, Mazda, Volkswagen and Mercedes Benz, and Jaguar Landrover brands; and operates service centers. In addition, it operates as a dealer for the Cat construction, mining, and industrial machines; rents Cat machines; supplies power train, engines, and hydraulics to the mining and civil engineering customers; and provides after-sales solutions through service centers. In addition, it offers warehousing and distribution, supply chain advisory and management, freight forwarding, and transport management services; provides supply chain planning, environmental, rail supply chain, and temperature controlled solutions; sells engines and generators in the marine, electric power, industrial engine, and rental markets; and rents Cat generators, dewatering pumps, and lighting masts. Barloworld Limited was founded in 1902 and is based in Sandton, South Africa.

Details
Name: Barloworld Limited
BRL1
Exchange: DB
Founded: 1902
ZAR1,637,866,088
219,271,000
Website: http://www.barloworld.com
Address: Barloworld Limited
180 Katherine Street,
Sandton,
Gauteng, 2146,
South Africa
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
JSE BAW Ordinary Shares The Johannesburg Securities Exchange ZA ZAR 02. Jan 1992
DB BRL1 Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE BWO Ordinary Shares London Stock Exchange GB GBP 02. Jan 1992
NMSE BWL Ordinary Shares Namibian Stock Exchange NA ZAR 02. Jan 1992
OTCPK BRRA.Y ADR Pink Sheets LLC US USD 28. Dec 1990
JSE BAWP 6% CUM PRF ZAR2 The Johannesburg Securities Exchange ZA ZAR 02. Jan 1992
Number of employees
Current staff
Staff numbers
17,555
Barloworld employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/13 20:44
End of day share price update: 2019/11/13 00:00
Last estimates confirmation: 2019/11/12
Last earnings filing: 2019/05/20
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/09/30


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.