Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

Brewin Dolphin Holdings

LSE:BRW
Snowflake Description

Flawless balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BRW
LSE
£1B
Market Cap
  1. Home
  2. GB
  3. Diversified Financials
Company description

Brewin Dolphin Holdings PLC, together with its subsidiaries, provides wealth management services in the United Kingdom. The last earnings update was 40 days ago. More info.


Add to Portfolio Compare Print
BRW Share Price and Events
7 Day Returns
-1%
LSE:BRW
0.5%
GB Capital Markets
-3%
GB Market
1 Year Returns
20%
LSE:BRW
22.7%
GB Capital Markets
11%
GB Market
BRW Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Brewin Dolphin Holdings (BRW) -1% -4.2% 7.5% 20% 14.8% 24%
GB Capital Markets 0.5% -2.7% 6.5% 22.7% 60.2% 105.2%
GB Market -3% -2.4% 3.9% 11% 4.7% 6.8%
1 Year Return vs Industry and Market
  • BRW underperformed the Capital Markets industry which returned 22.7% over the past year.
  • BRW outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 11% over the past year.
Price Volatility
BRW
Industry
5yr Volatility vs Market

BRW Value

 Is Brewin Dolphin Holdings 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 Brewin Dolphin Holdings 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 Brewin Dolphin Holdings.

LSE:BRW Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= £0.94 * 18.6%
£0.17
Book Value of Equity per Share Median Book Value from the past 5 years. £0.94
Discount Rate (Cost of Equity) See below 5.7%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

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 LSE:BRW
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.1%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.79
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.786 (1 + (1- 19%) (0%))
0.857
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.86
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (0.857 * 6.07%)
5.73%

Discounted Cash Flow Calculation for LSE:BRW using Excess Returns Model Model

The calculations below outline how an intrinsic value for Brewin Dolphin Holdings is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

LSE:BRW Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (18.6% – 5.73%) * £0.94)
£0.12
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= £0.12 / (5.73% - 0.53%)
£2.33
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= £0.94 + £2.33
£3.27
LSE:BRW Discount to Share Price
Calculation Result
Value per share (GBP) From above. £3.27
Current discount Discount to share price of £3.59
= -1 x (£3.59 - £3.27) / £3.27
-10%

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

  • The current share price of Brewin Dolphin Holdings 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 Brewin Dolphin Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Brewin Dolphin Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:BRW PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in GBP £0.17
LSE:BRW Share Price ** LSE (2020-01-28) in GBP £3.59
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PE Ratio Median Figure of 45 Publicly-Listed Capital Markets Companies 20.78x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 752 Publicly-Listed Companies 18.18x

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

** Primary Listing of Brewin Dolphin Holdings.

LSE:BRW PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:BRW Share Price ÷ EPS (both in GBP)

= 3.59 ÷ 0.17

21.14x

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

  • Brewin Dolphin Holdings is overvalued based on earnings compared to the GB Capital Markets industry average.
  • Brewin Dolphin Holdings is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Brewin Dolphin Holdings's expected growth come at a high price?
Raw Data
LSE:BRW PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.14x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
10.9%per year
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PEG Ratio Median Figure of 24 Publicly-Listed Capital Markets Companies 1.6x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 551 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

LSE:BRW PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 21.14x ÷ 10.9%

1.94x

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

  • Brewin Dolphin Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Brewin Dolphin Holdings's assets?
Raw Data
LSE:BRW PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in GBP £1.14
LSE:BRW Share Price * LSE (2020-01-28) in GBP £3.59
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PB Ratio Median Figure of 77 Publicly-Listed Capital Markets Companies 1.41x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,317 Publicly-Listed Companies 1.6x
LSE:BRW PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:BRW Share Price ÷ Book Value per Share (both in GBP)

= 3.59 ÷ 1.14

3.14x

* Primary Listing of Brewin Dolphin Holdings.

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

  • Brewin Dolphin Holdings is overvalued based on assets compared to the GB Capital Markets industry average.
X
Value checks
We assess Brewin Dolphin Holdings'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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. Brewin Dolphin Holdings has a total score of 0/6, 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.

BRW Future Performance

 How is Brewin Dolphin Holdings 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
10.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Brewin Dolphin Holdings expected to grow at an attractive rate?
  • Brewin Dolphin Holdings's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Brewin Dolphin Holdings's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Brewin Dolphin Holdings's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:BRW Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:BRW Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 10.9%
LSE:BRW Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 7.6%
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 17.6%
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 6.2%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 12.1%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*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
LSE:BRW Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:BRW Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-09-30 112
2022-09-30 429 99 67 5
2021-09-30 400 93 63 8
2020-09-30 377 85 61 6
2020-01-28
LSE:BRW Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-09-30 339 67 48
2019-06-30 334 64 49
2019-03-31 330 62 50
2018-12-31 329 71 52
2018-10-01 329 80 53
2018-07-01 324 77 51
2018-03-31 319 75 49
2017-12-31 312 71 47
2017-09-30 304 67 45
2017-06-30 298 66 45
2017-03-31 293 65 44
2016-12-31 287 59 42

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Brewin Dolphin Holdings's earnings are expected to grow by 10.9% yearly, however this is not considered high growth (20% yearly).
  • Brewin Dolphin Holdings's revenue is expected to grow by 7.6% 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
LSE:BRW 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 8 Analyst Estimates (S&P Global) See Below

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

LSE:BRW Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-09-30
2022-09-30 0.22 0.23 0.21 2.00
2021-09-30 0.20 0.22 0.18 3.00
2020-09-30 0.20 0.20 0.20 2.00
2020-01-28
LSE:BRW Past Financials Data
Date (Data in GBP Millions) EPS *
2019-09-30 0.17
2019-06-30 0.18
2019-03-31 0.18
2018-12-31 0.19
2018-10-01 0.19
2018-07-01 0.19
2018-03-31 0.18
2017-12-31 0.17
2017-09-30 0.17
2017-06-30 0.16
2017-03-31 0.16
2016-12-31 0.15

*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.
  • Brewin Dolphin Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Brewin Dolphin Holdings'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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
Brewin Dolphin Holdings 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.

BRW Past Performance

  How has Brewin Dolphin Holdings 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 Brewin Dolphin Holdings's growth in the last year to its industry (Capital Markets).
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.
  • Brewin Dolphin Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • Brewin Dolphin Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Brewin Dolphin Holdings's 1-year earnings growth is negative, it can't be compared to the GB Capital Markets industry average.
Earnings and Revenue History
Brewin Dolphin Holdings'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 Brewin Dolphin Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:BRW Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 339.11 48.07
2019-06-30 334.35 48.85
2019-03-31 329.58 49.63
2018-12-31 329.31 51.56
2018-10-01 329.03 53.50
2018-07-01 323.92 51.48
2018-03-31 318.81 49.46
2017-12-31 311.64 47.31
2017-09-30 304.46 45.15
2017-06-30 298.49 44.64 2.96
2017-03-31 292.52 44.12 5.92
2016-12-31 287.43 41.54 5.92
2016-09-30 282.35 38.97 5.92
2016-06-30 279.97 37.39 2.96
2016-03-31 277.59 35.81
2015-12-31 280.64 42.04
2015-09-30 283.69 48.27
2015-03-31 277.80 16.90
2014-12-31 279.28 11.15
2014-09-28 280.76 5.40
2014-06-28 290.74 20.69
2014-03-30 291.01 34.07
2013-12-30 287.34 27.61
2013-09-29 283.68 21.14
2013-06-29 280.41 19.53
2013-03-31 277.14 17.92

*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.
  • Brewin Dolphin Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Brewin Dolphin Holdings used its assets more efficiently than the GB Capital Markets industry average last year based on Return on Assets.
  • Brewin Dolphin Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Brewin Dolphin Holdings'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 Capital Markets 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.
Brewin Dolphin Holdings has a total score of 2/6, 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.

BRW Health

 How is Brewin Dolphin Holdings'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 Brewin Dolphin Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Brewin Dolphin Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Brewin Dolphin Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Brewin Dolphin Holdings'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.
  • Low level of unsold assets.
  • Brewin Dolphin Holdings has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

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

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

All data from Brewin Dolphin Holdings Company Filings, last reported 3 months ago.

LSE:BRW Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 337.70 0.00 229.65
2019-06-30 337.70 0.00 229.65
2019-03-31 258.51 0.00 139.83
2018-12-31 258.51 0.00 139.83
2018-10-01 273.74 0.00 187.25
2018-07-01 273.74 0.00 187.25
2018-03-31 251.22 0.00 142.98
2017-12-31 251.22 0.00 142.98
2017-09-30 262.58 0.00 170.77
2017-06-30 262.58 0.00 170.77
2017-03-31 246.42 0.00 154.34
2016-12-31 246.42 0.00 154.34
2016-09-30 242.81 0.00 172.69
2016-06-30 242.81 0.00 172.69
2016-03-31 222.34 0.48 119.65
2015-12-31 222.34 0.48 119.65
2015-09-30 219.15 0.02 150.92
2015-03-31 221.27 0.05 115.79
2014-12-31 221.27 0.05 115.79
2014-09-28 211.27 1.27 137.30
2014-06-28 211.97 1.27 158.98
2014-03-30 230.97 0.23 137.28
2013-12-30 230.97 0.23 137.28
2013-09-29 221.65 3.15 137.86
2013-06-29 221.65 3.15 137.86
2013-03-31 169.81 0.58 74.56
  • Brewin Dolphin Holdings has no debt.
  • Brewin Dolphin Holdings has no debt compared to 5 years ago when it was 0.6%.
  • Brewin Dolphin Holdings has no debt, it does not need to be covered by operating cash flow.
  • Brewin Dolphin Holdings has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Brewin Dolphin Holdings'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. Brewin Dolphin Holdings has a total score of 6/6, 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.

BRW Dividends

 What is Brewin Dolphin Holdings'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
4.56%
Current annual income from Brewin Dolphin Holdings dividends. Estimated to be 5.15% next year.
If you bought £2,000 of Brewin Dolphin Holdings shares you are expected to receive £91 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?
  • Brewin Dolphin Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.86%).
  • Brewin Dolphin Holdings's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.08%).
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
LSE:BRW 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
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 40 Stocks 2.1%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 678 Stocks 4.4%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 1.9%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.1%

Industry and Market average data is calculated daily.

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

LSE:BRW Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2023-09-30
2022-09-30 0.19 5.00
2021-09-30 0.19 8.00
2020-09-30 0.17 7.00
2020-01-28
LSE:BRW Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-12-19 0.164 4.498
2019-11-27 0.164 4.692
2018-11-29 0.164 5.197
2018-11-28 0.164 5.073
2017-12-29 0.150 4.241
2017-11-29 0.150 3.935
2017-05-17 0.134 3.864
2017-01-03 0.130 4.142
2016-11-30 0.130 4.480
2016-02-05 0.120 4.638
2014-12-04 0.099 3.368
2013-12-05 0.086 2.861
2013-01-14 0.072 3.047
2013-01-11 0.072 3.512
2012-05-29 0.071 4.332
2012-04-16 0.071 4.522
2011-12-07 0.071 4.686
2011-12-06 0.071 5.359
2011-05-25 0.071 5.286
2011-04-15 0.071 4.185
2010-12-01 0.071 4.251
2010-11-30 0.071 4.834
2010-05-26 0.071 5.497
2010-04-27 0.071 5.198
2009-12-02 0.071 5.122
2009-11-30 0.071 4.295
2009-05-28 0.071 4.909

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Brewin Dolphin Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
X
Income/ dividend checks
We assess Brewin Dolphin Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Brewin Dolphin Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Brewin Dolphin Holdings has a total score of 4/6, see the detailed checks below.


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

BRW Management

 What is the CEO of Brewin Dolphin Holdings'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
David Nicol
COMPENSATION £1,091,000
AGE 62
TENURE AS CEO 6.8 years
CEO Bio

Mr. David Richardson Nicol, CA, Chartered FCSI is the Chief Executive Officer at Brewin Dolphin Holdings plc since March 21, 2013, and serves as its Executive Director since March 1, 2012. Mr. Nicol serves as Chief Executive Officer at Brewin Dolphin Limited since March 2013 and serves as its Non-Executive Director since March 2012. He trained and qualified in 1980 as a chartered accountant with EY and spent two years working for KPMG in Hong Kong. He joined Morgan Stanley in 1984, where he worked for 26 years in a number of operations and finance roles. He was a director and CAO of Morgan Stanley International PLC from 2004 to 2010. David was a non-executive director of Euroclear plc from 1998 to 2010 and was on the board of the Chartered Institute of Securities and Investments until September 2015. He is on the Council of the Institute of Chartered Accountants of Scotland and is chairman of the appointment committee of the Hermes Property Unit Trust.

CEO Compensation
  • David's compensation has been consistent with company performance over the past year, both up more than 20%.
  • David's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure of the Brewin Dolphin Holdings management team in years:

5.8
Average Tenure
  • The average tenure for the Brewin Dolphin Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

David Nicol

TITLE
CEO & Executive Director
COMPENSATION
£1M
AGE
62
TENURE
6.8 yrs

Siobhan Boylan

TITLE
CFO & Director
COMPENSATION
£1M
AGE
50
TENURE
0.8 yrs

Angela Wright

TITLE
Group Chief Accountant

D. Orford

TITLE
Head of Investor Relations

Gregory Thorpe

TITLE
Director of Marketing & Communications

Lynne Lamont

TITLE
Head of Charities for Scotland & Northern Ireland

Richard Kelly

TITLE
Head of Office

David Myrddin-Evans

TITLE
Head of Cardiff Office

Nick Fitzgerald

TITLE
Managing Director of Financial Planning

David Berry

TITLE
Head of Business Support
TENURE
5.8 yrs
Board of Directors Tenure

Average tenure and age of the Brewin Dolphin Holdings board of directors in years:

3.6
Average Tenure
58
Average Age
  • The tenure for the Brewin Dolphin Holdings board of directors is about average.
Board of Directors

Simon Miller

TITLE
Independent Non-Executive Chairman
COMPENSATION
£180K
AGE
66
TENURE
6.8 yrs

David Nicol

TITLE
CEO & Executive Director
COMPENSATION
£1M
AGE
62
TENURE
7.8 yrs

Siobhan Boylan

TITLE
CFO & Director
COMPENSATION
£1M
AGE
50
TENURE
0.8 yrs

Ian Dewar

TITLE
Senior Independent Non-Executive Director
COMPENSATION
£77K
AGE
62
TENURE
0.5 yrs

Caroline Taylor

TITLE
Independent Non-Executive Director
COMPENSATION
£70K
TENURE
5.7 yrs

Kath Cates Shailer

TITLE
Independent Non-Executive Director
COMPENSATION
£83K
AGE
56
TENURE
5.1 yrs

Mike Kellard

TITLE
Independent Non-Executive Director
COMPENSATION
£60K
AGE
58
TENURE
2.1 yrs

Simonetta Rigo

TITLE
Independent Non-Executive Director
COMPENSATION
£60K
AGE
49
TENURE
1.6 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 (£)
28. Aug 19 Buy Siobhan Boylan Individual 28. Aug 19 28. Aug 19 33,118 £3.00 £99,486
X
Management checks
We assess Brewin Dolphin Holdings'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. Brewin Dolphin Holdings 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.

BRW News

Simply Wall St News

Finance Director & Director Siobhan Boylan Just Bought Shares In Brewin Dolphin Holdings PLC (LON:BRW)

View our latest analysis for Brewin Dolphin Holdings The Last 12 Months Of Insider Transactions At Brewin Dolphin Holdings CEO & Executive Director David Nicol made the biggest insider purchase in the last 12 months. … So What Do The Brewin Dolphin Holdings Insider Transactions Indicate? … While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Brewin Dolphin Holdings insiders are reasonably well aligned, and optimistic for the future.

Simply Wall St -

Introducing Brewin Dolphin Holdings (LON:BRW), The Stock That Dropped 16% In The Last Year

Unfortunately the Brewin Dolphin Holdings PLC (LON:BRW) share price slid 16% over twelve months. … View our latest analysis for Brewin Dolphin Holdings While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. … During the unfortunate twelve months during which the Brewin Dolphin Holdings share price fell, it actually saw its earnings per share (EPS) improve by 0.01%.

Simply Wall St -

Is Brewin Dolphin Holdings PLC's (LON:BRW) Growth Strong Enough To Justify Its August Share Price?

But, seeing as Brewin Dolphin Holdings is perceived as a high-growth stock, we must also account for its earnings growth, which is captured in the PEG ratio. … A PE ratio of 16.09x and expected year-on-year earnings growth of 14% give Brewin Dolphin Holdings an acceptable PEG ratio of 1.11x. … This means that, when we account for Brewin Dolphin Holdings's growth, the stock can be viewed as slightly overvalued , based on its fundamentals.

Simply Wall St -

Why Brewin Dolphin Holdings PLC (LON:BRW) Could Be Your Next Investment

Basically, it is a financially-sound company with a strong track record of dividend payments and a excellent growth outlook. … Flawless balance sheet with reasonable growth potential and pays a dividend BRW's strong financial health means that all of its upcoming liability payments are able to be met by its current cash and short-term investment holdings. … LSE:BRW Historical Dividend Yield, July 31st 2019 Next Steps: For Brewin Dolphin Holdings, there are three essential aspects you should further research: Historical Performance: What has BRW's returns been like over the past?

Simply Wall St -

Did Brewin Dolphin Holdings PLC (LON:BRW) Insiders Buy Up More Shares?

So we'll take a look at whether insiders have been buying or selling shares in Brewin Dolphin Holdings PLC (LON:BRW). … Check out our latest analysis for Brewin Dolphin Holdings The Last 12 Months Of Insider Transactions At Brewin Dolphin Holdings Over the last year, we can see that the biggest insider purchase was by CEO & Executive Director David Nicol for UK£169k worth of shares, at about UK£3.30 per share. … Brewin Dolphin Holdings may have bought shares in the last year, but they didn't sell any.

Simply Wall St -

Should Brewin Dolphin Holdings PLC (LON:BRW) Be Part Of Your Dividend Portfolio?

Dividend paying stocks like Brewin Dolphin Holdings PLC (LON:BRW) tend to be popular with investors, and for good reason - some research suggests a significant amount of all stock market returns come from reinvested dividends. … In this case, Brewin Dolphin Holdings likely looks attractive to investors, given its 5.3% dividend yield and a payment history of over ten years. … Conclusion To summarise, shareholders should always check that Brewin Dolphin Holdings's dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend.

Simply Wall St -

Is Brewin Dolphin Holdings PLC (LON:BRW) Undervalued After Accounting For Its Future Growth?

Brewin Dolphin Holdings PLC (LON:BRW) is considered a high-growth stock, but its last closing price of £3.03 left some investors wondering if this high future earnings potential can be rationalized by its current price tag. … But, to properly examine the value of a high-growth stock such as Brewin Dolphin Holdings, we must reflect its earnings growth into the valuation. … A PE ratio of 16.77x and expected year-on-year earnings growth of 12% give Brewin Dolphin Holdings a higher PEG ratio of 1.46x.

Simply Wall St -

Should You Be Adding Brewin Dolphin Holdings (LON:BRW) To Your Watchlist Today?

So if you're like me, you might be more interested in profitable, growing companies, like Brewin Dolphin Holdings (LON:BRW). … Check out our latest analysis for Brewin Dolphin Holdings. … While we note Brewin Dolphin Holdings's EBIT margins were flat over the last year, revenue grew by a solid 8.1% to UK£329m.

Simply Wall St -

Looking At Brewin Dolphin Holdings PLC (LON:BRW) From All Angles

Attractive stocks have exceptional fundamentals. … In the case of Brewin Dolphin Holdings PLC (LON:BRW), there's

Simply Wall St -

Is Brewin Dolphin Holdings PLC's (LON:BRW) P/E Ratio Really That Good?

We'll show how you can use Brewin Dolphin Holdings PLC's (LON:BRW) P/E ratio to inform your assessment of the investment opportunity. … Based on the last twelve months, Brewin Dolphin Holdings's P/E ratio is 16.93. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

BRW Company Info

Description

Brewin Dolphin Holdings PLC, together with its subsidiaries, provides wealth management services in the United Kingdom. It also offers investment management, financial planning, advisory, managed portfolio, report writing, and Brewin portfolio services, as well as custody, trade execution, and settlement services to private clients, charities, corporates, and intermediaries. The company was founded in 1762 and is based in London, the United Kingdom.

Details
Name: Brewin Dolphin Holdings PLC
BRW
Exchange: LSE
Founded: 1762
£1,060,322,416
295,025,714
Website: http://www.brewin.co.uk
Address: Brewin Dolphin Holdings PLC
12 Smithfield Street,
London,
Greater London, EC1A 9BD,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE BRW Ordinary Shares London Stock Exchange GB GBP 09. Jun 1994
OTCPK BDNH.F Ordinary Shares Pink Sheets LLC US USD 09. Jun 1994
BATS-CHIXE BRWL Ordinary Shares BATS 'Chi-X Europe' GB GBP 09. Jun 1994
Number of employees
Current staff
Staff numbers
1,864
Brewin Dolphin Holdings employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/01/28 20:38
End of day share price update: 2020/01/28 00:00
Last estimates confirmation: 2020/01/24
Last earnings filing: 2019/12/19
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/09/30


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.