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Brewin Dolphin Holdings

OTCPK:BDNH.F
Snowflake Description

Flawless balance sheet, undervalued and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BDNH.F
OTCPK
£594M
Market Cap
  1. Home
  2. US
  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 108 days ago. More info.


Add to Portfolio Compare Print
  • Brewin Dolphin Holdings has significant price volatility in the past 3 months.
BDNH.F Share Price and Events
7 Day Returns
-38.7%
OTCPK:BDNH.F
-1.2%
US Capital Markets
-2%
US Market
1 Year Returns
-37.7%
OTCPK:BDNH.F
-14.1%
US Capital Markets
-15.1%
US Market
BDNH.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Brewin Dolphin Holdings (BDNH.F) -38.7% -38.7% - -37.7% - -
US Capital Markets -1.2% -19.8% -24.6% -14.1% 1% 18.8%
US Market -2% -19.7% -23.2% -15.1% 3.7% 14.4%
1 Year Return vs Industry and Market
  • BDNH.F underperformed the Capital Markets industry which returned -14.1% over the past year.
  • BDNH.F underperformed the Market in United States of America which returned -15.1% over the past year.
Price Volatility
BDNH.F
Industry
5yr Volatility vs Market

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.

OTCPK:BDNH.F 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
= £1.07 * 18.6%
£0.20
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. £1.07
Discount Rate (Cost of Equity) See below 6.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

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 OTCPK:BDNH.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 6.1%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.745 (1 + (1- 19%) (0%))
0.829
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (0.829 * 6.07%)
6.77%

Discounted Cash Flow Calculation for OTCPK:BDNH.F 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.

OTCPK:BDNH.F Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (18.6% – 6.77%) * £1.07)
£0.13
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= £0.13 / (6.77% - 1.74%)
£2.52
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= £1.07 + £2.52
£3.59
OTCPK:BDNH.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:BDNH.F represents 1.2683x of LSE:BRW
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.2683x
Value per Share
(Listing Adjusted, USD)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 3.59 x 1.2683
$4.56
Value per share (USD) From above. $4.56
Current discount Discount to share price of $2.56
= -1 x ($2.56 - $4.56) / $4.56
43.9%

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

Current Discount
Amount off the current price Brewin Dolphin Holdings is available for.
Intrinsic value
44%
Share price is $2.56 vs Future cash flow value of $4.56
Current Discount Checks
For Brewin Dolphin Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Brewin Dolphin Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Brewin Dolphin Holdings'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 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
OTCPK:BDNH.F 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 (2020-03-31) in GBP £2.02
United States of America Capital Markets Industry PE Ratio Median Figure of 92 Publicly-Listed Capital Markets Companies 33.79x
United States of America Market PE Ratio Median Figure of 2,947 Publicly-Listed Companies 12.4x

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

** Primary Listing of Brewin Dolphin Holdings.

OTCPK:BDNH.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 2.02 ÷ 0.17

11.85x

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

  • Brewin Dolphin Holdings is good value based on earnings compared to the US Capital Markets industry average.
  • Brewin Dolphin Holdings is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Brewin Dolphin Holdings's expected growth come at a high price?
Raw Data
OTCPK:BDNH.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.85x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
-8.6%per year
United States of America Capital Markets Industry PEG Ratio Median Figure of 36 Publicly-Listed Capital Markets Companies 2.07x
United States of America Market PEG Ratio Median Figure of 2,010 Publicly-Listed Companies 0.89x

*Line of best fit is calculated by linear regression .

OTCPK:BDNH.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.85x ÷ -8.6%

-1.37x

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

  • Brewin Dolphin Holdings earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Brewin Dolphin Holdings's assets?
Raw Data
OTCPK:BDNH.F 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 (2020-03-31) in GBP £2.02
United States of America Capital Markets Industry PB Ratio Median Figure of 182 Publicly-Listed Capital Markets Companies 7.67x
United States of America Market PB Ratio Median Figure of 5,144 Publicly-Listed Companies 1.2x
OTCPK:BDNH.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 2.02 ÷ 1.14

1.76x

* 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 good value based on assets compared to the US 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 5/6, 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 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
-8.6%
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 are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.7%.
Growth vs Market Checks
  • Brewin Dolphin Holdings's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Brewin Dolphin Holdings's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:BDNH.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:BDNH.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts -8.6%
OTCPK:BDNH.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 5.5%
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 5.3%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 2.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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
OTCPK:BDNH.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 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.
OTCPK:BDNH.F Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-09-30 112
2022-09-30 399 85 40 6
2021-09-30 381 80 37 8
2020-09-30 357 76 37 7
2020-04-05
OTCPK:BDNH.F 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 decrease over the next 1-3 years, this is not considered high growth.
  • Brewin Dolphin Holdings's revenue is expected to grow by 5.5% 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
OTCPK:BDNH.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 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 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:BDNH.F Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-09-30
2022-09-30 0.12 0.12 0.12 1.00
2021-09-30 0.15 0.25 0.11 4.00
2020-09-30 0.17 0.23 0.12 4.00
2020-04-05
OTCPK:BDNH.F 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 States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

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

Past Performance

  How has 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 US 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 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:BDNH.F 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

*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 US 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.

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 6 months ago.

OTCPK:BDNH.F 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
  • 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.

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
8.14%
Current annual income from Brewin Dolphin Holdings dividends. Estimated to be 8.12% next year.
If you bought $2,000 of Brewin Dolphin Holdings shares you are expected to receive $163 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 States of America (2.05%).
  • Brewin Dolphin Holdings's dividend is above the markets top 25% of dividend payers in United States of America (5.71%).
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
OTCPK:BDNH.F 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 States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 44 Stocks 2.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1938 Stocks 3.1%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 2.1%
United States of America Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

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

OTCPK:BDNH.F Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2023-09-30
2022-09-30 0.17 6.00
2021-09-30 0.17 8.00
2020-09-30 0.15 6.00
2020-04-05
OTCPK:BDNH.F Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2020-02-07 0.164 6.465
2018-11-29 0.164 5.095
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 5/6, 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 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 7.1 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 lower than average for companies of similar size in United States of America.
Management Team Tenure

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

6
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
7.1 yrs

Siobhan Boylan

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

Angela Wright

TITLE
Group Chief Accountant

Carla Bloom

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
6 yrs
Board of Directors Tenure

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

2.3
Average Tenure
58
Average Age
  • The average tenure for the Brewin Dolphin Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Simon Miller

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

David Nicol

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

Siobhan Boylan

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

Ian Dewar

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

Caroline Taylor

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

Kath Cates Shailer

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

Mike Kellard

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

Simonetta Rigo

TITLE
Independent Non-Executive Director
COMPENSATION
£60K
AGE
49
TENURE
1.8 yrs

Phillip Monks

TITLE
Non-Executive Director
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Brewin Dolphin Holdings individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
27. Mar 20 Buy Simonetta Rigo Individual 27. Mar 20 27. Mar 20 9,250 $2.55 $23,606
26. Mar 20 Buy Caroline Taylor Individual 25. Mar 20 25. Mar 20 4,500 $2.45 $11,005
24. Mar 20 Buy Michael Kellard Individual 24. Mar 20 24. Mar 20 11,053 $2.13 $23,503
28. Aug 19 Buy Siobhan Boylan Individual 28. Aug 19 28. Aug 19 33,118 $3.68 $121,723
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.

News

Simply Wall St News

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
BDNH.F
Exchange: OTCPK
Founded: 1762
£727,885,723
295,026,714
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: 2020/04/05 00:18
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/03/31
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.