BRICKWORKS LIMITED (BKW)
Share Price Analysis and Chart

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BKW - BRICKWORKS LIMITED

FNArena Sector : Building Products & Services
Year End: July
GICS Industry Group : Materials
Debt/EBITDA: 11.45
Index: ASX200 | ASX300 | ALL-ORDS

Brickworks is an Australian manufacturer and supplier of building materials, including bricks, pavers, concrete blocks and terracotta products. The company was formed in 1934 and listed on the ASX in 1962. Still has a controversial cross-ownership with Washington H Soul Pattinson.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$27.17

23 Apr
2024

0.060

OPEN

$27.16

0.22%

HIGH

$27.30

175,533

LOW

$27.08

TARGET
$30.80 13.4% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ABC . ACF . BLD . BRI . CSR . FBR . FBU . JHX . JLG . MGH . RWC . SFC . SRG . WGN .
FNARENA'S MARKET CONSENSUS FORECASTS
BKW: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx N/A 20.0 xxx
DPS (cps) xxx N/A 62.4 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 135.3 xxx
Dividend Yield xxx N/A 2.3% xxx
Div Pay Ratio(%) xxx N/A 311.7% xxx

Dividend yield today if purchased 3 years ago: 3.15%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.40

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 09/04 - ex-div 24c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx258.9
DPS All xxxxxxxxxxxxxxx65.0
Sales/Revenue xxxxxxxxxxxxxxx1,178.5 M
Book Value Per Share xxxxxxxxxxxxxxx2,347.0
Net Operating Cash Flow xxxxxxxxxxxxxxx97.1 M
Net Profit Margin xxxxxxxxxxxxxxx34.39 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx11.88 %
Return on Invested Capital xxxxxxxxxxxxxxx8.83 %
Return on Assets xxxxxxxxxxxxxxx6.92 %
Return on Equity xxxxxxxxxxxxxxx11.88 %
Return on Total Capital xxxxxxxxxxxxxxx0.87 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-114.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx47 M
Long Term Debt xxxxxxxxxxxxxxx1,273 M
Total Debt xxxxxxxxxxxxxxx1,320 M
Goodwill - Gross xxxxxxxxxxxxxxx307 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx70 M
Price To Book Value xxxxxxxxxxxxxxx1.10

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx115.8 M
Capex % of Sales xxxxxxxxxxxxxxx9.82 %
Cost of Goods Sold xxxxxxxxxxxxxxx833 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx305 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx4,413 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.3

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

22/03/2024

1

Buy

$32.50

19.62%

Commenting at the 1H results presentation, management at Brickworks predicted the Australian Building Products "air pocket" will last until the start of 2025, before migration and an undersupply of housing leads to a new demand cycle.

The performance of most divisions fell short of expectations held by UBS, including an around -10-15% revenue miss in Building Products, albeit largely offset by stronger-than-expected margins. Negative Property revaluations were in line with the broker's forecast.

Management noted the backlog in Building Products is now largely exhausted, and sales activity will soften over the remainder of FY24.

The target falls to $32.50 from $33 and the Buy rating is maintained.

FORECAST
UBS forecasts a full year FY24 EPS of 20.00 cents.
UBS forecasts a full year FY25 EPS of 136.00 cents.

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

(xx/xx/xxxx)

xx.xx%

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Bell Potter

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

BKW STOCK CHART

FNArena News on BKW

1
Rudi’s View: A Market Narrative Delayed

Apr 24 2024 - Rudi's View
2
Australian Broker Call *Extra* Edition – Apr 08, 2024

Apr 08 2024 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Mar 27, 2024

Mar 27 2024 - Daily Market Reports
4
Weekly Ratings, Targets, Forecast Changes – 22-03-24

Mar 25 2024 - Weekly Reports
5
FNArena Corporate Results Monitor – 22-03-2024

Mar 22 2024 - Australia

Latest Building Products & Services News

1
Boral Beats, Outlook Cautious

Feb 12 2024 - Australia
2
Brickworks Underestimated & Cheap, Brokers Say

Oct 04 2023 - Australia
3
Analysts In Love With James Hardie, Yet Again

Aug 23 2023 - Australia
4
Johns Lyng And The Weather Factor

Jun 26 2023 - Small Caps
5
Treasure Chest: Boral To Prove Sceptics Wrong?

Apr 04 2023 - Treasure Chest
6
Added Bite from Reliance Worldwide’s New Products

Mar 30 2023 - Australia
7
Boral Shares Surge, Brokers Remain Cautious

Feb 09 2023 - Australia
8
Eye On (Small Cap) Building & Materials Stocks

Feb 01 2023 - Small Caps
9
Cost Blow-Out Rattles Fletcher Building

Dec 21 2022 - Australia
10
Divided Opinions on Reliance Worldwide

Dec 21 2022 - Australia