BRAMBLES LIMITED (BXB)
Share Price Analysis and Chart

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BXB - BRAMBLES LIMITED

FNArena Sector : Transportation & Logistics
Year End: June
GICS Industry Group : Commercial & Professional Services
Debt/EBITDA: 1.94
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Brambles is an Australian supply-chain logistics company operating in more than 50 countries. It provides unit-load equipment, pallets, crates and containers to the global transport sector. It first listed on the Australian Securities Exchange in 1954.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$13.21

06 Dec
2023

0.070

OPEN

$13.22

0.53%

HIGH

$13.37

4,201,281

LOW

$13.15

TARGET
$14.958 13.2% upside
Franking for last dividend paid out: 35%
OTHER COMPANIES IN THE SAME SECTOR
a2b . ACE . AIZ . AQZ . AVD . AZJ . CLX . ERD . KLS . KSC . LAU . NTD . QAN . QUB . SLH . SPZ . SST . THL . WTC . Z2U .
FNARENA'S MARKET CONSENSUS FORECASTS
BXB: 1
Title FY24
Forecast		 FY25
Forecast
EPS (cps) 88.5 xxx
DPS (cps) 43.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 14.7 xxx
Dividend Yield 3.3% xxx
Div Pay Ratio(%) 48.6% xxx
This company reports in USD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 N/A

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: 13/09 - ex-div 21.83c (franking 35%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx75.3
DPS All xxxxxxxxxxxxxxx39.5
Sales/Revenue xxxxxxxxxxxxxxx9,034.1 M
Book Value Per Share xxxxxxxxxxxxxxx310.3
Net Operating Cash Flow xxxxxxxxxxxxxxx2,960.1 M
Net Profit Margin xxxxxxxxxxxxxxx10.65 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx24.43 %
Return on Invested Capital xxxxxxxxxxxxxxx12.74 %
Return on Assets xxxxxxxxxxxxxxx7.33 %
Return on Equity xxxxxxxxxxxxxxx24.43 %
Return on Total Capital xxxxxxxxxxxxxxx13.99 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx6.2 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 xxxxxxxxxxxxxxx1,010 M
Long Term Debt xxxxxxxxxxxxxxx3,323 M
Total Debt xxxxxxxxxxxxxxx4,333 M
Goodwill - Gross xxxxxxxxxxxxxxx282 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx241 M
Price To Book Value xxxxxxxxxxxxxxx4.64

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx2,504.3 M
Capex % of Sales xxxxxxxxxxxxxxx27.72 %
Cost of Goods Sold xxxxxxxxxxxxxxx7,270 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx617 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx236 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

0.2

No. Of Recommendations

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

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

27/10/2023

5

Downgrade to Sell from Neutral

$13.15

-0.45%

Citi downgrades its rating for Brambles to Sell from Neutral and lowers its target to $13.15 from $16.

Yesterday's summary of the broker's research following 1Q results was as follows:

Brambles, earlier today, released a strong Q1 trading update, Citi comments in an initial response. Volumes continuing were "muted" the broker suggests but price and rollover benefits stole the show.

Citi analysts doubt whether pricing power is structural, plus Brambles will be cycling tougher comparables. The combination of the two makes the broker more cautious from here onwards.

Further adding to the broker's caution, it is noted management mentioning increasing competitor activity/changing whitewood dynamics, plus there's a year-on-year decline in average pallet prices paid, and Brambles' price realisation will align with a lower cost-to-serve environment.

FORECAST
Citi forecasts a full year FY24 dividend of 43.92 cents and EPS of 79.53 cents.
Citi forecasts a full year FY25 dividend of 49.20 cents and EPS of 89.19 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

BXB STOCK CHART

FNArena News on BXB

1
Rudi’s View: Outlook 2024, Is History Our Guide?

Nov 08 2023 - Rudi's View
2
Australian Broker Call *Extra* Edition – Nov 06, 2023

Nov 06 2023 - Daily Market Reports
3
Weekly Ratings, Targets, Forecast Changes – 27-10-23

Oct 30 2023 - Weekly Reports
4
Rudi’s View: Bonds & Equities; Joined At The Hip

Oct 25 2023 - Rudi's View
5
ESG Focus: ESG-Linked Remuneration Now In Focus

Oct 19 2023 - ESG Focus

Latest Transportation & Logistics News

1
Treasure Chest: Silk Logistics

Sep 28 2023 - Treasure Chest
2
Lindsay Australia: Transported To Growth

Sep 13 2023 - Small Caps
3
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May 24 2023 - Australia
4
A Better Brambles Exudes Confidence

Mar 01 2023 - Australia
5
Price Performance Drives Brambles’ Turnaround

Oct 20 2022 - Australia
6
Brambles Executes On Pricing & Costs

Aug 19 2022 - Australia
7
Trouble On The Aurizon

Aug 10 2022 - Australia
8
Brambles: No Plastic, Fantastic

Jul 04 2022 - Australia
9
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May 17 2022 - Technicals
10
Brambles In The Weeds Over Plastic Indecision

Apr 26 2022 - Australia