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Adelaide Brighton

DB:GHO
Snowflake Description

Mediocre balance sheet with moderate growth potential.

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

Adelaide Brighton Limited produces, imports, distributes, and markets construction materials in Australia. The last earnings update was 40 days ago. More info.


Add to Portfolio Compare Print
  • Adelaide Brighton has significant price volatility in the past 3 months.
GHO Share Price and Events
7 Day Returns
-2.7%
DB:GHO
0.6%
Europe Basic Materials
-0.6%
DE Market
1 Year Returns
-60.6%
DB:GHO
-31.3%
Europe Basic Materials
-20.9%
DE Market
GHO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Adelaide Brighton (GHO) -2.7% -36.8% -51.4% -60.6% -72.5% -67.1%
Europe Basic Materials 0.6% -26.5% -35.9% -31.3% -40.2% -37.4%
DE Market -0.6% -20% -26.3% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • GHO underperformed the Basic Materials industry which returned -31.3% over the past year.
  • GHO underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
GHO
Industry
5yr Volatility vs Market

Value

 Is Adelaide Brighton 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 Adelaide Brighton 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 Adelaide Brighton.

DB:GHO Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 12 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.4%
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:GHO
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Basic Materials Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.813 (1 + (1- 30%) (49.22%))
1.062
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.06
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.062 * 5.44%)
5.39%

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

The calculations below outline how an intrinsic value for Adelaide Brighton 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:GHO DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 5.39%)
2020 78.20 Analyst x4 74.20
2021 92.20 Analyst x4 83.01
2022 96.47 Analyst x3 82.41
2023 137.00 Analyst x1 111.06
2024 149.00 Analyst x1 114.61
2025 156.86 Est @ 5.28% 114.49
2026 162.47 Est @ 3.58% 112.52
2027 166.35 Est @ 2.39% 109.31
2028 168.93 Est @ 1.55% 105.33
2029 170.57 Est @ 0.97% 100.92
Present value of next 10 years cash flows A$1,007.00
DB:GHO DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= A$170.57 × (1 + -0.39%) ÷ (5.39% – -0.39%)
A$2,940.29
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$2,940.29 ÷ (1 + 5.39%)10
A$1,739.64
DB:GHO Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$1,007.00 + A$1,739.64
A$2,746.64
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$2,746.64 / 652.27
A$4.21
DB:GHO Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:GHO represents 0.55243x of ASX:ABC
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.55243x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (AUD) x Listing Adjustment Factor
= A$ 4.21 x 0.55243
€2.33
Value per share (EUR) From above. €2.33
Current discount Discount to share price of €1.08
= -1 x (€1.08 - €2.33) / €2.33
53.6%

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

Current Discount
Amount off the current price Adelaide Brighton is available for.
Intrinsic value
>50%
Share price is €1.08 vs Future cash flow value of €2.33
Current Discount Checks
For Adelaide Brighton to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Adelaide Brighton's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Adelaide Brighton'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 Adelaide Brighton's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Adelaide Brighton's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:GHO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in AUD A$0.07
ASX:ABC Share Price ** ASX (2020-04-03) in AUD A$1.96
Europe Basic Materials Industry PE Ratio Median Figure of 33 Publicly-Listed Basic Materials Companies 9.18x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.57x

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

** Primary Listing of Adelaide Brighton.

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

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

= 1.96 ÷ 0.07

26.93x

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

  • Adelaide Brighton is overvalued based on earnings compared to the Europe Basic Materials industry average.
  • Adelaide Brighton is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Adelaide Brighton's expected growth come at a high price?
Raw Data
DB:GHO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 26.93x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
21.7%per year
Europe Basic Materials Industry PEG Ratio Median Figure of 17 Publicly-Listed Basic Materials Companies 1.67x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 26.93x ÷ 21.7%

1.24x

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

  • Adelaide Brighton is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Adelaide Brighton's assets?
Raw Data
DB:GHO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in AUD A$1.83
ASX:ABC Share Price * ASX (2020-04-03) in AUD A$1.96
Europe Basic Materials Industry PB Ratio Median Figure of 39 Publicly-Listed Basic Materials Companies 0.79x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:GHO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.96 ÷ 1.83

1.07x

* Primary Listing of Adelaide Brighton.

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

  • Adelaide Brighton is overvalued based on assets compared to the Europe Basic Materials industry average.
X
Value checks
We assess Adelaide Brighton'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 Basic Materials 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 Basic Materials industry average (and greater than 0)? (1 check)
  5. Adelaide Brighton 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.

Future Performance

 How is Adelaide Brighton expected to perform in the next 1 to 3 years based on estimates from 12 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
21.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Adelaide Brighton expected to grow at an attractive rate?
  • Adelaide Brighton's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Adelaide Brighton's earnings growth is expected to exceed the Germany market average.
  • Adelaide Brighton's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:GHO Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:GHO Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 21.7%
DB:GHO Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 0.8%
Europe Basic Materials Industry Earnings Growth Rate Market Cap Weighted Average 4.5%
Europe Basic Materials Industry Revenue Growth Rate Market Cap Weighted Average 2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*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:GHO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:GHO Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 1,598 215 1
2023-12-31 1,492 210 1
2022-12-31 1,532 212 122 8
2021-12-31 1,462 204 114 12
2020-12-31 1,431 183 103 12
2020-04-05
DB:GHO Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-12-31 1,517 193 47
2019-09-30 1,549 188 65
2019-06-30 1,580 182 83
2019-03-31 1,605 213 134
2018-12-31 1,631 245 185
2018-09-30 1,637 190
2018-06-30 1,643 255 195
2018-03-31 1,601 239 189
2017-12-31 1,560 224 183
2017-09-30 1,496 182
2017-06-30 1,433 228 181
2017-03-31 1,415 238 184

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Adelaide Brighton's earnings are expected to grow significantly at over 20% yearly.
  • Adelaide Brighton's revenue is expected to grow by 0.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:GHO 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 12 Analyst Estimates (S&P Global) See Below

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

DB:GHO Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.19 0.22 0.13 6.00
2021-12-31 0.17 0.19 0.12 8.00
2020-12-31 0.16 0.17 0.14 8.00
2020-04-05
DB:GHO Past Financials Data
Date (Data in AUD Millions) EPS *
2019-12-31 0.07
2019-09-30 0.10
2019-06-30 0.13
2019-03-31 0.21
2018-12-31 0.28
2018-09-30 0.29
2018-06-30 0.30
2018-03-31 0.29
2017-12-31 0.28
2017-09-30 0.28
2017-06-30 0.28
2017-03-31 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.
  • Adelaide Brighton is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Adelaide Brighton'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 Europe 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.
Adelaide Brighton 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.

Past Performance

  How has Adelaide Brighton 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 Adelaide Brighton's growth in the last year to its industry (Basic Materials).
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.
  • Adelaide Brighton's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Adelaide Brighton's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Adelaide Brighton's 1-year earnings growth is negative, it can't be compared to the Europe Basic Materials industry average.
Earnings and Revenue History
Adelaide Brighton'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 Adelaide Brighton Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:GHO Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1,517.00 47.30 107.90
2019-09-30 1,548.50 65.10 100.20
2019-06-30 1,580.00 82.90 92.50
2019-03-31 1,605.30 134.10 91.95
2018-12-31 1,630.60 185.30 91.40
2018-09-30 1,636.80 190.35 94.85
2018-06-30 1,643.00 195.40 98.30
2018-03-31 1,601.30 189.05 95.65
2017-12-31 1,559.60 182.70 93.00
2017-09-30 1,496.35 181.85 90.75
2017-06-30 1,433.10 181.00 88.50
2017-03-31 1,414.65 183.65 89.40
2016-12-31 1,396.20 186.30 90.30
2016-09-30 1,408.60 194.35 90.20
2016-06-30 1,421.00 202.40 90.10
2016-03-31 1,417.05 205.15 89.45
2015-12-31 1,413.10 207.90 88.80
2015-09-30 1,413.50 206.00 90.75
2015-06-30 1,413.90 204.10 92.70
2015-03-31 1,375.85 188.40 94.25
2014-12-31 1,337.80 172.70 95.80
2014-09-30 1,294.25 157.05 95.10
2014-06-30 1,250.70 141.40 94.40
2014-03-31 1,239.35 146.25 92.55
2013-12-31 1,228.00 151.10 90.70
2013-09-30 1,217.95 149.10 88.45
2013-06-30 1,207.90 147.10 86.20

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Adelaide Brighton has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Adelaide Brighton used its assets less efficiently than the Europe Basic Materials industry average last year based on Return on Assets.
  • Adelaide Brighton's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Adelaide Brighton'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 Basic Materials 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.
Adelaide Brighton has a total score of 0/6, 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 Adelaide Brighton'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 Adelaide Brighton's finances.

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

DB:GHO Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,197.30 540.10 116.80
2019-09-30 1,197.30 540.10 116.80
2019-06-30 1,132.20 579.00 59.80
2019-03-31 1,132.20 579.00 59.80
2018-12-31 1,245.60 518.70 93.90
2018-09-30 1,245.60 518.70 93.90
2018-06-30 1,229.80 329.20 94.70
2018-03-31 1,229.80 329.20 94.70
2017-12-31 1,245.80 428.90 57.60
2017-09-30 1,245.80 428.90 57.60
2017-06-30 1,187.90 468.70 61.80
2017-03-31 1,187.90 468.70 61.80
2016-12-31 1,220.10 309.30 21.50
2016-09-30 1,220.10 309.30 21.50
2016-06-30 1,187.60 389.00 45.00
2016-03-31 1,187.60 389.00 45.00
2015-12-31 1,207.30 328.80 33.30
2015-09-30 1,207.30 328.80 33.30
2015-06-30 1,162.70 389.90 44.90
2015-03-31 1,162.70 389.90 44.90
2014-12-31 1,136.70 388.30 31.80
2014-09-30 1,136.70 388.30 31.80
2014-06-30 1,036.80 379.30 46.30
2014-03-31 1,036.80 379.30 46.30
2013-12-31 1,061.80 259.10 11.10
2013-09-30 1,061.80 259.10 11.10
2013-06-30 1,015.70 358.80 48.60
  • Adelaide Brighton's level of debt (45.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (34.2% vs 45.1% today).
  • Debt is well covered by operating cash flow (35.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.7x coverage).
X
Financial health checks
We assess Adelaide Brighton'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. Adelaide Brighton has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Adelaide Brighton'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
2.56%
Current annual income from Adelaide Brighton dividends. Estimated to be 5.79% next year.
If you bought €2,000 of Adelaide Brighton shares you are expected to receive €51 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?
  • Adelaide Brighton's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.71%).
  • Adelaide Brighton's dividend is below the markets top 25% of dividend payers in Germany (4.85%).
Upcoming dividend payment

Purchase Adelaide Brighton before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:GHO 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 12 Analyst Estimates (S&P Global) See Below
Europe Basic Materials Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 4.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 316 Stocks 3.9%
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 4.9%

Industry and Market average data is calculated daily.

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

DB:GHO Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.13 11.00
2021-12-31 0.12 14.00
2020-12-31 0.10 14.00
2020-04-05
DB:GHO Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2020-02-25 0.050 2.110
2019-08-27 0.000 0.000
2019-02-27 0.280 6.914
2018-08-21 0.250 4.791
2018-02-27 0.245 3.675
2017-08-16 0.240 3.866
2017-02-22 0.280 4.978
2016-08-30 0.275 5.210
2016-03-17 0.190 3.490
2016-02-24 0.190 3.846
2015-03-12 0.170 3.797
2015-02-25 0.170 3.923
2014-03-05 0.165 4.613
2014-02-19 0.165 3.890
2013-03-07 0.165 4.704
2013-02-20 0.165 4.642
2012-02-16 0.165 5.349
2011-08-18 0.165 5.773
2011-03-03 0.165 5.476
2010-02-17 0.135 4.433
2009-08-20 0.140 5.263

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 Adelaide Brighton'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 (1.6x coverage).
X
Income/ dividend checks
We assess Adelaide Brighton'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 Adelaide Brighton afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Adelaide Brighton 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.

Management

 What is the CEO of Adelaide Brighton'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
Nick Miller
COMPENSATION A$1,782,398
TENURE AS CEO 1.3 years
CEO Bio

Mr. Nicholas D. Miller, also known as Nick, NZCE(Civil), BE(Hons), FIPENZ, GAICD, has been Chief Executive Officer of Adelaide Brighton Limited since January 30, 2019. He is a Board member of the Australian Contractors Association (ACA). Mr. Miller was Managing Director and Chief Executive Officer at Broadspectrum since May 2018 until November, 2018 and was its Director since 2018 until November, 2018. He served as the Managing Director of Fulton Hogan Limited since January 2010 until September 2017 and also served as Managing Director of Fulton Hogan Construction Pty Ltd., and Fulton Hogan Industries Pty Ltd. Mr. Miller served as Managing Director and Director of Fulton Hogan Australia Pty. Ltd. Mr. Miller served as Chief Executive of Fulton Hogan Pty Ltd. He was a Director of a number of Fulton Hogan subsidiaries and joint ventures, including Blackhead Quarries Ltd, Allied FH Ltd, WFH Properties Ltd., and Pokeno Village Holdings Ltd. He has over 20 years experience in various civil engineering and management roles, including as Chief Executive of Isaac Construction. He served as Deputy Managing Director of Fulton Hogan Limited. Mr. Miller served as the Chairman of Orion New Zealand Ltd. since February, 2017 until April, 2018 and also served as its Director since September 15, 2016. He served as a Director of Fulton Hogan Construction Pty Ltd. He served as an Executive Director of Fulton Hogan Limited until October 31, 2017. His qualifications include a BE in Civil Engineering (Hons) from Canterbury University and a New Zealand Certificate of Engineering.

CEO Compensation
  • Insufficient data for Nick to compare compensation growth.
  • Nick's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Adelaide Brighton management team in years:

4.9
Average Tenure
  • The tenure for the Adelaide Brighton management team is about average.
Management Team

Nick Miller

TITLE
Chief Executive Officer
COMPENSATION
A$2M
TENURE
1.3 yrs

Theresa Mlikota

TITLE
Chief Financial Officer
COMPENSATION
A$732K
TENURE
1 yrs

Andrew Dell

TITLE
Executive General Manager of Concrete Products
COMPENSATION
A$832K
TENURE
4.9 yrs

Brad Lemmon

TITLE
Executive General Manager of Cement and Lime
COMPENSATION
A$1M
TENURE
6.2 yrs

Darryl Hughes

TITLE
GM of Corporate Finance & Investor Relations and Additional Company Secretary

Marcus R. Clayton

TITLE
General Counsel & Company Secretary
COMPENSATION
A$926K
TENURE
17.2 yrs

Michael Miller

TITLE
Executive General Manager of Marketing & International Trade
COMPENSATION
A$288K

Dimity Smith

TITLE
Executive General Manager of Human Resources
TENURE
4.3 yrs

George Agriogiannis

TITLE
Executive General Manager of Concrete & Aggregates
COMPENSATION
A$786K
TENURE
9.1 yrs
Board of Directors Tenure

Average tenure and age of the Adelaide Brighton board of directors in years:

0.9
Average Tenure
58
Average Age
  • The average tenure for the Adelaide Brighton board of directors is less than 3 years, this suggests a new board.
Board of Directors

Raymond Barro

TITLE
Chairman
COMPENSATION
A$148K
AGE
58
TENURE
0.9 yrs

Zlatko Todorcevski

TITLE
Deputy Chairman & Lead Independent Director
COMPENSATION
A$377K
AGE
51
TENURE
0.9 yrs

Ken Scott-Mackenzie

TITLE
Independent Non-Executive Director
COMPENSATION
A$179K
AGE
68
TENURE
9.8 yrs

Vanessa Guthrie

TITLE
Independent Non-Executive Director
COMPENSATION
A$179K
AGE
57
TENURE
2.2 yrs

Geoffrey Tarrant

TITLE
Non-Executive Director
COMPENSATION
A$148K
AGE
50
TENURE
2.2 yrs

Rhonda Barro

TITLE
Non-Independent Non Executive Director
COMPENSATION
A$95K
AGE
64
TENURE
0.9 yrs

Emma Stein

TITLE
Independent Non-Executive Director
COMPENSATION
A$39K
AGE
58
TENURE
0.5 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Adelaide Brighton individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
20. Mar 20 Buy Emma Stein Individual 17. Mar 20 17. Mar 20 19,313 €1.26 €24,309
13. Mar 20 Buy Zlatko Todorcevski Individual 13. Mar 20 13. Mar 20 40,000 €1.25 €49,870
01. Mar 20 Buy Zlatko Todorcevski Individual 27. Feb 20 28. Feb 20 50,000 €1.84 €91,244
17. May 19 Buy Vanessa Guthrie Individual 14. May 19 16. May 19 5,000 €2.24 €10,952
17. May 19 Buy Zlatko Todorcevski Individual 14. May 19 14. May 19 30,000 €2.17 €65,065
15. May 19 Buy Kenneth Scott-Mackenzie Individual 14. May 19 14. May 19 15,000 €2.14 €32,161
X
Management checks
We assess Adelaide Brighton'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. Adelaide Brighton 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

Adelaide Brighton Limited produces, imports, distributes, and markets construction materials in Australia. The company operates in two segments, Cement, Lime, Concrete and Aggregates; and Concrete Products. It offers cement, cementitious products, lime, premixed concrete, aggregates, and sand, as well as concrete bricks, blocks, pavers, retaining walls, erosion control products, architectural masonry products, and reconstituted stone veneers. The company offers its products to residential and non-residential construction, engineering construction, alumina production, and mining markets. Adelaide Brighton Limited was founded in 1882 and is headquartered in Adelaide, Australia.

Details
Name: Adelaide Brighton Limited
GHO
Exchange: DB
Founded: 1882
A$710,272,841
652,266,367
Website: http://www.adbri.com.au
Address: Adelaide Brighton Limited
157 Grenfell Street,
Level 1,
Adelaide,
South Australia, 5000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX ABC Ordinary Shares Australian Securities Exchange AU AUD 02. Jan 1992
OTCPK ADBC.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB GHO Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
BRSE GHO Ordinary Shares Berne Stock Exchange CH CHF 02. Jan 1992
CHIA ABC Ordinary Shares Chi-X Australia AU AUD 02. Jan 1992
OTCPK ADLD.Y UNSPONSORD ADR Pink Sheets LLC US USD 28. Jul 2015
Number of employees
Current staff
Staff numbers
1,500
Adelaide Brighton employees.
Industry
Construction Materials
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/05 00:39
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/04/02
Last earnings filing: 2020/02/25
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.