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Brambles

DB:R1H
Snowflake Description

Adequate balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
R1H
DB
A$16B
Market Cap
  1. Home
  2. DE
  3. Commercial Services
Company description

Brambles Limited operates as a supply-chain logistics company. The last earnings update was 44 days ago. More info.


Add to Portfolio Compare Print
  • Brambles has significant price volatility in the past 3 months.
R1H Share Price and Events
7 Day Returns
8.4%
DB:R1H
5.4%
DE Commercial Services
9.9%
DE Market
1 Year Returns
-20.9%
DB:R1H
-31.6%
DE Commercial Services
-17.5%
DE Market
R1H Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Brambles (R1H) 8.4% -15.9% -21.6% -20.9% -12% -29.1%
DE Commercial Services 5.4% -21.4% -33.5% -31.6% -33.3% -43.3%
DE Market 9.9% -16.6% -24.8% -17.5% -24.5% -28.1%
1 Year Return vs Industry and Market
  • R1H outperformed the Commercial Services industry which returned -31.6% over the past year.
  • R1H underperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
R1H
Industry
5yr Volatility vs Market

R1H Value

 Is Brambles 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 Brambles 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 Brambles.

DB:R1H Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 4%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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:R1H
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.61
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.607 (1 + (1- 30%) (25.48%))
0.809
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.81
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.809 * 5.44%)
4.01%

Discounted Cash Flow Calculation for DB:R1H using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Brambles 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:R1H DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 4.01%)
2020 241.75 Analyst x4 232.43
2021 330.75 Analyst x4 305.73
2022 447.33 Analyst x3 397.55
2023 529.00 Analyst x1 451.99
2024 585.41 Est @ 10.66% 480.90
2025 628.42 Est @ 7.35% 496.32
2026 660.00 Est @ 5.03% 501.16
2027 682.45 Est @ 3.4% 498.22
2028 697.90 Est @ 2.26% 489.85
2029 708.14 Est @ 1.47% 477.87
Present value of next 10 years cash flows $4,332.00
DB:R1H DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $708.14 × (1 + -0.39%) ÷ (4.01% – -0.39%)
$16,026.25
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $16,026.25 ÷ (1 + 4.01%)10
$10,814.88
DB:R1H Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $4,332.00 + $10,814.88
$15,146.88
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $15,146.88 / 1,522.42
$9.95
DB:R1H Discount to Share Price
Calculation Result
Exchange Rate USD/AUD
(Reporting currency to currency of ASX:BXB)
1.63
Value per Share
(AUD)
= Value per Share in USD x Exchange Rate (USD/AUD)
= $9.95 x 1.63
A$16.22
Non-primary Listing Adjustment Factor 1 share in DB:R1H represents 0.54924x of ASX:BXB
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.54924x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (AUD) x Listing Adjustment Factor
= A$ 16.22 x 0.54924
€8.91
Value per share (EUR) From above. €8.91
Current discount Discount to share price of €5.80
= -1 x (€5.80 - €8.91) / €8.91
34.9%

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

Current Discount
Amount off the current price Brambles is available for.
Intrinsic value
35%
Share price is €5.8 vs Future cash flow value of €8.91
Current Discount Checks
For Brambles to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Brambles's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Brambles's share price is below the future cash flow value, but not 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 Brambles's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Brambles's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:R1H PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.29
ASX:BXB Share Price ** ASX (2020-03-31) in AUD A$10.56
ASX:BXB Share Price converted to USD reporting currency Exchange rate (AUD/ USD) 0.613 $6.48
Germany Commercial Services Industry PE Ratio Median Figure of 6 Publicly-Listed Commercial Services Companies 95.54x
Germany Market PE Ratio Median Figure of 399 Publicly-Listed Companies 16.31x

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

** Primary Listing of Brambles.

DB:R1H PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:BXB Share Price ÷ EPS (both in USD)

= 6.48 ÷ 0.29

22.05x

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

  • Brambles is good value based on earnings compared to the DE Commercial Services industry average.
  • Brambles is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Brambles's expected growth come at a high price?
Raw Data
DB:R1H PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.05x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
7.7%per year
Europe Commercial Services Industry PEG Ratio Median Figure of 50 Publicly-Listed Commercial Services Companies 1.06x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

DB:R1H PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 22.05x ÷ 7.7%

2.87x

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

  • Brambles is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Brambles's assets?
Raw Data
DB:R1H PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $2.01
ASX:BXB Share Price * ASX (2020-03-31) in AUD A$10.56
ASX:BXB Share Price converted to USD reporting currency Exchange rate (AUD/ USD) 0.613 $6.48
Germany Commercial Services Industry PB Ratio Median Figure of 9 Publicly-Listed Commercial Services Companies 2.48x
Germany Market PB Ratio Median Figure of 571 Publicly-Listed Companies 1.43x
DB:R1H PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:BXB Share Price ÷ Book Value per Share (both in USD)

= 6.48 ÷ 2.01

3.22x

* Primary Listing of Brambles.

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

  • Brambles is overvalued based on assets compared to the DE Commercial Services industry average.
X
Value checks
We assess Brambles'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. Brambles has a total score of 2/6, 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.

R1H Future Performance

 How is Brambles expected to perform in the next 1 to 3 years based on estimates from 11 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
7.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Brambles expected to grow at an attractive rate?
  • Brambles's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Brambles's earnings growth is positive but not above the Germany market average.
  • Brambles's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:R1H Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:R1H Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 7.7%
DB:R1H Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 4.5%
Germany Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 22%
Germany Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 2.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.4%
Germany 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
DB:R1H Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:R1H Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-06-30 5,570 1,483 666 1
2022-06-30 5,259 1,385 595 9
2021-06-30 5,016 1,303 560 11
2020-06-30 4,790 1,220 522 11
2020-03-31
DB:R1H Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 4,898 1,349 465
2019-09-30 4,850 1,344 459
2019-06-30 4,802 1,338 454
2018-12-31 4,169 1,410 382
2018-09-30 4,400 1,417 468
2018-06-30 4,631 1,423 554
2017-12-31 5,465 1,282 721
2017-09-30 5,336 1,247 583
2017-06-30 5,206 1,211 445

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Brambles's earnings are expected to grow by 7.7% yearly, however this is not considered high growth (20% yearly).
  • Brambles's revenue is expected to grow by 4.5% 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:R1H Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from Brambles Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:R1H Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-06-30 0.47 0.47 0.47 1.00
2022-06-30 0.42 0.49 0.39 7.00
2021-06-30 0.39 0.43 0.35 9.00
2020-06-30 0.34 0.36 0.30 8.00
2020-03-31
DB:R1H Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.29
2019-09-30 0.29
2019-06-30 0.28
2018-12-31 0.24
2018-09-30 0.29
2018-06-30 0.35
2017-12-31 0.45
2017-09-30 0.37
2017-06-30 0.28

*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.
  • Brambles is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Brambles'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 Germany 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.
Brambles has a total score of 3/6, 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.

R1H Past Performance

  How has Brambles 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 Brambles'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.
  • Brambles's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Brambles's 1-year earnings growth exceeds its 5-year average (21.6% vs -5.7%)
  • Brambles's earnings growth has exceeded the Europe Commercial Services industry average in the past year (21.6% vs 10.4%).
Earnings and Revenue History
Brambles'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 Brambles Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:R1H Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 4,898.00 464.60 88.90
2019-09-30 4,850.00 459.35 113.00
2019-06-30 4,802.00 454.10 137.10
2018-12-31 4,169.00 382.10 128.70
2018-09-30 4,399.80 467.80 133.20
2018-06-30 4,630.60 553.50 137.70
2017-12-31 5,465.20 720.60 152.90
2017-09-30 5,335.55 582.75 151.45
2017-06-30 5,205.90 444.90 150.00
2016-12-31 4,863.90 466.40 145.20
2016-09-30 4,927.15 529.35 154.60
2016-06-30 4,990.40 592.30 164.00
2015-12-31 5,400.50 591.50 191.90
2015-09-30 5,480.85 589.55 200.05
2015-06-30 5,561.20 587.60 208.20
2014-12-31 5,655.70 590.20 221.20
2014-09-30 5,594.45 587.35 218.60
2014-06-30 5,533.20 584.50 216.00
2013-12-31 5,331.30 583.80 205.80
2013-09-30 5,207.10 570.05 203.15
2013-06-30 5,082.90 556.30 200.50

*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.
  • Brambles has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Brambles used its assets more efficiently than the DE Commercial Services industry average last year based on Return on Assets.
  • Brambles's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Brambles'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.
Brambles 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.

R1H Health

 How is Brambles'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 Brambles's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Brambles is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Brambles's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Brambles'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 1x 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 Brambles Company Filings, last reported 3 months ago.

DB:R1H Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 3,106.00 1,795.80 978.50
2019-09-30 3,106.00 1,795.80 978.50
2019-06-30 3,808.20 2,200.20 2,102.50
2018-12-31 2,860.70 2,606.80 199.60
2018-09-30 2,860.70 2,606.80 199.60
2018-06-30 2,778.40 2,466.90 180.20
2017-12-31 3,161.10 2,980.70 273.30
2017-09-30 3,161.10 2,980.70 273.30
2017-06-30 2,846.70 2,710.30 159.70
2016-12-31 2,838.50 2,679.00 203.40
2016-09-30 2,838.50 2,679.00 203.40
2016-06-30 2,955.10 2,739.60 156.10
2015-12-31 2,726.70 2,895.60 237.70
2015-09-30 2,726.70 2,895.60 237.70
2015-06-30 2,641.10 2,822.70 166.20
2014-12-31 2,617.00 3,062.20 216.10
2014-09-30 2,617.00 3,062.20 216.10
2014-06-30 2,751.00 2,576.60 236.90
2013-12-31 2,595.50 2,907.70 515.90
2013-09-30 2,595.50 2,907.70 515.90
2013-06-30 3,025.40 2,821.10 139.00
  • Brambles's level of debt (57.8%) 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 (116% vs 57.8% today).
  • Debt is well covered by operating cash flow (75.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 11.6x coverage).
X
Financial health checks
We assess Brambles'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. Brambles has a total score of 4/6, 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.

R1H Dividends

 What is Brambles'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
2.78%
Current annual income from Brambles dividends. Estimated to be 4.11% next year.
If you bought €2,000 of Brambles shares you are expected to receive €56 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?
  • Brambles's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.68%).
  • Brambles's dividend is below the markets top 25% of dividend payers in Germany (4.97%).
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:R1H 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 11 Analyst Estimates (S&P Global) See Below
Germany Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 4.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

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

DB:R1H Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-06-30 0.39 1.00
2022-06-30 0.26 9.00
2021-06-30 0.23 12.00
2020-06-30 0.29 12.00
2020-03-31
DB:R1H Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-17 0.180 2.573
2019-08-20 0.194 2.435
2019-02-18 0.196 2.358
2018-09-28 0.203 2.760
2018-02-19 0.206 2.979
2017-08-21 0.218 3.020
2017-02-20 0.213 2.969
2016-08-17 0.208 2.462
2016-02-22 0.207 2.302
2015-09-29 0.192 2.631
2015-02-23 0.194 2.598
2014-08-19 0.208 2.730
2014-02-19 0.241 2.882
2013-09-09 0.235 2.965
2013-08-21 0.240 3.065
2013-02-20 0.240 3.043
2012-08-16 0.265 3.577
2012-02-16 0.251 3.882
2011-08-17 0.245 3.789
2011-02-14 0.255 3.717
2010-09-15 0.234 3.694
2010-08-19 0.220 4.247
2010-02-17 0.184 3.531
2009-08-20 0.248 4.275

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 fallen over the past 10 years.
Current Payout to shareholders
What portion of Brambles's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.4x coverage).
X
Income/ dividend checks
We assess Brambles's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Brambles afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Brambles has a total score of 3/6, see the detailed checks below.


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

R1H Management

 What is the CEO of Brambles'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
Graham Chipchase
COMPENSATION $2,576,000
AGE 56
TENURE AS CEO 3 years
CEO Bio

Mr. Graham Andrew Chipchase has been the Chief Executive Officer and Executive Director at Brambles Limited since February 20, 2017, joined in Brambles at the beginning of January 2017. Mr. Chipchase served as an Executive Director of Rexam Ltd. since February 10, 2003. He served as the Chief Executive Officer of Rexam Ltd. from January 1, 2010 to June 2016 and served as its Group Director of Plastic Packaging since July 15, 2005. He was responsible for Rexam Ltd.'s global plastic packaging business which includes healthcare, closures, personal care and other markets. In that role, he has led acquisition and integration of Precise Technology (USA), Delta (USA), Airpsray (NL), FangXin (China), TruePack (India) with the objective to reach global leadership in selected markets. He has leveraged organic growth through lean enterprise, innovation and global customer management programs across the Sector's 45 sites worldwide. He served as Finance Director of Rexam Ltd. from March 10, 2003 to July 15, 2005. He served as Finance Director of GKN plc's Aerospace Services business from 2001 to 2003. He started his career with Coopers & Lybrand. Later he joined The BOC Group PLC and served as Corporate Finance Manager since 1990. He served in various positions within Financial Planning and Analysis in both BOC's US and European subsidiaries including Group Controller since 1999 and then as Director of Planning and Financial Control. He has been a Non-Executive Director of AstraZeneca Plc since April 26, 2012 and its Senior Independent Non-Executive Director since January 1, 2019. Mr. Chipchase holds MA in Chemistry from Oriel College, Oxford and is a fellow of the Institute of Chartered Accountants in England and Wales.

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

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

3
Average Tenure
54
Average Age
  • The tenure for the Brambles management team is about average.
Management Team

Graham Chipchase

TITLE
CEO, Chairman of Executive Leadership Team & Executive Director
COMPENSATION
$3M
AGE
56
TENURE
3 yrs

Nessa O'Sullivan

TITLE
CFO & Executive Director
COMPENSATION
$1M
AGE
54
TENURE
3.3 yrs

Mike Pooley

TITLE
President of CHEP Europe
COMPENSATION
$813K
AGE
51
TENURE
3 yrs

Laura Nador

TITLE
President of CHEP North America
COMPENSATION
$744K
AGE
47
TENURE
3 yrs

Rod Hefford

TITLE
Chief Information Officer
AGE
55
TENURE
2.7 yrs

Raluca Chiriacescu

TITLE
Director of Investor Relations

Robert Gerrard

TITLE
Group VP of Legal & Secretariat and Company Secretary
AGE
57
TENURE
3 yrs

Patrick Bradley

TITLE
Group Senior Vice President of Human Resources
TENURE
1.4 yrs

Carmelo Alonso-Bernaola

TITLE
Senior Vice President of Global Supply Chain
AGE
53
TENURE
9 yrs

Alasdair Hamblin

TITLE
Senior Vice President of Strategy & Innovation
TENURE
1 yrs
Board of Directors Tenure

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

5.5
Average Tenure
64
Average Age
  • The tenure for the Brambles board of directors is about average.
Board of Directors

Stephen Johns

TITLE
Independent Non-Executive Chairman
COMPENSATION
$469K
AGE
72
TENURE
5.4 yrs

Graham Chipchase

TITLE
CEO, Chairman of Executive Leadership Team & Executive Director
COMPENSATION
$3M
AGE
56
TENURE
3 yrs

Nessa O'Sullivan

TITLE
CFO & Executive Director
COMPENSATION
$1M
AGE
54
TENURE
2.8 yrs

Tony Froggatt

TITLE
Independent Non-Executive Director
COMPENSATION
$188K
AGE
71
TENURE
13.7 yrs

Brian Long

TITLE
Independent Non-Executive Director
COMPENSATION
$203K
AGE
73
TENURE
5.7 yrs

John Mullen

TITLE
Independent Non-Executive Director
COMPENSATION
$104K
AGE
63
TENURE
0.3 yrs

John Claringbould

TITLE
Member of the USA Advisory Board
TENURE
9.4 yrs

Rodney Slater

TITLE
Member of the USA Advisory Board
AGE
64
TENURE
9.4 yrs

Tahira Hassan

TITLE
Independent Non-Executive Director
COMPENSATION
$165K
AGE
66
TENURE
8.3 yrs

Scott Perkins

TITLE
Independent Non-Executive Director
COMPENSATION
$171K
AGE
54
TENURE
4.7 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Brambles individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
26. Mar 20 Sell First Sentier Investors (Australia) IM Ltd Company 05. Aug 19 23. Mar 20 -36,105,585 €5.17 €-186,825,787
26. Mar 20 Buy First Sentier Investors (Australia) IM Ltd Company 05. Aug 19 23. Mar 20 11,848,759 €5.99 €70,929,529
26. Mar 20 Sell Mitsubishi UFJ Trust and Banking Corporation, Asset Management Arm Company 28. Feb 20 02. Mar 20 -205,904 €6.21 €-1,278,649
26. Mar 20 Buy Mitsubishi UFJ Trust and Banking Corporation, Asset Management Arm Company 28. Feb 20 17. Mar 20 69,057 €6.01 €415,130
26. Mar 20 Sell Mitsubishi UFJ Kokusai Asset Management Co., Ltd. Company 20. Aug 19 16. Mar 20 -118,479 €6.03 €-714,409
26. Mar 20 Buy Mitsubishi UFJ Kokusai Asset Management Co., Ltd. Company 16. Sep 19 18. Feb 20 102,396 €6.55 €670,904
25. Mar 20 Sell First Sentier Investors (Australia) RE Ltd Company 17. Oct 19 23. Mar 20 -2,584,396 €5.10 €-13,176,330
25. Mar 20 Buy First Sentier Investors (Australia) RE Ltd Company 05. Aug 19 23. Mar 20 250,159 €6.37 €1,594,188
25. Mar 20 Sell First Sentier Investors (Australia) IM Ltd Company 08. Aug 19 23. Mar 20 -33,521,189 €7.22 €-175,340,364
25. Mar 20 Buy First Sentier Investors (Australia) IM Ltd Company 05. Aug 19 23. Mar 20 11,598,600 €6.28 €67,362,563
13. Mar 20 Buy Nessa O'Sullivan Individual 13. Mar 20 13. Mar 20 4,500 €5.27 €23,694
11. Mar 20 Buy Nessa O'Sullivan Individual 11. Mar 20 11. Mar 20 4,500 €6.19 €27,862
05. Aug 19 Sell Colonial First State Investments Limited Company 25. Mar 19 02. Aug 19 -4,684,076 €7.65 €-35,814,451
05. Aug 19 Buy Colonial First State Investments Limited Company 25. Mar 19 02. Aug 19 6,286,913 €7.54 €47,419,455
03. Mar 20 Buy Nessa O'Sullivan Individual 28. Feb 20 28. Feb 20 38 €6.97 €265
03. Mar 20 Buy Graham Chipchase Individual 28. Feb 20 28. Feb 20 37 €6.97 €258
03. Feb 20 Buy Nessa O'Sullivan Individual 31. Jan 20 31. Jan 20 34 €7.62 €259
03. Feb 20 Buy Graham Chipchase Individual 31. Jan 20 31. Jan 20 34 €7.62 €259
05. Jan 20 Buy Nessa O'Sullivan Individual 31. Dec 19 31. Dec 19 35 €7.48 €262
05. Jan 20 Buy Graham Chipchase Individual 31. Dec 19 31. Dec 19 36 €7.48 €269
05. Dec 19 Buy Nessa O'Sullivan Individual 29. Nov 19 29. Nov 19 34 €7.76 €264
05. Dec 19 Buy Graham Chipchase Individual 29. Nov 19 29. Nov 19 34 €7.76 €264
07. Nov 19 Buy Nessa O'Sullivan Individual 31. Oct 19 31. Oct 19 36 €7.35 €265
10. Nov 19 Sell BlackRock, Inc. Company 01. Aug 19 01. Nov 19 -1,111,085 €8.17 €-326,021
10. Nov 19 Buy BlackRock, Inc. Company 01. Aug 19 07. Nov 19 2,501,680 €8.26 €47,952
07. Nov 19 Buy Graham Chipchase Individual 31. Oct 19 31. Oct 19 35 €7.35 €257
02. Sep 19 Buy Nessa O'Sullivan Individual 30. Aug 19 30. Aug 19 36 €6.93 €249
02. Sep 19 Buy Graham Chipchase Individual 30. Aug 19 30. Aug 19 36 €6.93 €249
05. Aug 19 Buy First Sentier Investors (Australia) IM Ltd Company 02. Apr 19 02. Aug 19 4,868,243 €7.98 €37,187,449
05. Aug 19 Sell ASB Group Investments Ltd. Company 29. Mar 19 27. Jun 19 -296,473 €7.49 €-2,219,974
05. Aug 19 Buy ASB Group Investments Ltd. Company 05. Apr 19 06. May 19 36,404 €7.24 €263,727
05. Aug 19 Sell First Sentier Investors (Australia) IM Ltd Company 25. Mar 19 02. Aug 19 -392,405 €7.71 €-2,964,656
05. Aug 19 Buy First Sentier Investors (Australia) IM Ltd Company 22. Mar 19 02. Aug 19 247,692 €7.58 €1,876,611
05. Aug 19 Buy Nessa O'Sullivan Individual 31. Jul 19 31. Jul 19 31 €8.10 €251
05. Aug 19 Buy Graham Chipchase Individual 31. Jul 19 31. Jul 19 31 €8.10 €251
01. Jul 19 Buy Nessa O'Sullivan Individual 28. Jun 19 28. Jun 19 31 €7.95 €247
01. Jul 19 Buy Graham Chipchase Individual 28. Jun 19 28. Jun 19 32 €7.95 €255
04. Jun 19 Buy Nessa O'Sullivan Individual 31. May 19 31. May 19 35 €7.52 €263
04. Jun 19 Buy Graham Chipchase Individual 31. May 19 31. May 19 34 €7.52 €256
26. May 19 Sell The Vanguard Group, Inc. Company 30. Nov 18 14. May 19 -6,900,911 €7.54 €-52,034,143
26. May 19 Buy The Vanguard Group, Inc. Company 22. Nov 18 17. May 19 3,714,612 €7.75 €28,774,598
01. May 19 Buy Nessa O'Sullivan Individual 30. Apr 19 30. Apr 19 34 €7.57 €258
01. May 19 Buy Graham Chipchase Individual 30. Apr 19 30. Apr 19 34 €7.57 €258
X
Management checks
We assess Brambles'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. Brambles 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.

R1H News

Simply Wall St News

R1H Company Info

Description

Brambles Limited operates as a supply-chain logistics company. The company operates through CHEP North America and Latin America; CHEP Europe, Middle East, Africa and India; and CHEP Australia, New Zealand and Asia, excluding India segments. It engages in the pooling of unit-load equipment and associated services, focusing on the outsourced management of pallets, crates, and containers. The company serves customers in the fast-moving consumer goods, fresh produce, beverage, retail, and general manufacturing industries in the Americas, Europe, Australia, and internationally. Brambles Limited was founded in 1875 and is based in Sydney, Australia.

Details
Name: Brambles Limited
R1H
Exchange: DB
Founded: 1875
A$8,974,824,805
1,522,421,528
Website: http://www.brambles.com
Address: Brambles Limited
Angel Place,
Level 10,
Sydney,
New South Wales, 2000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX BXB Ordinary Shares Australian Securities Exchange AU AUD 01. Jan 1992
OTCPK BMBL.F Ordinary Shares Pink Sheets LLC US USD 01. Jan 1992
DB R1H Ordinary Shares Deutsche Boerse AG DE EUR 01. Jan 1992
CHIA BXB Ordinary Shares Chi-X Australia AU AUD 01. Jan 1992
OTCPK BXBL.Y SPONSORED ADR Pink Sheets LLC US USD 16. Oct 2008
Number of employees
Current staff
Staff numbers
11,000
Brambles employees.
Industry
Diversified Support Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 21:49
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/03/31
Last earnings filing: 2020/02/16
Last earnings reported: 2019/12/31
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.