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: 9.71
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

$26.34

20 Nov
2024

-0.800

OPEN

$27.05

-2.95%

HIGH

$27.08

143,706

LOW

$26.20

TARGET
$30.625 16.3% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ACF . BRI . FBR . FBU . JHX . JLG . MGH . RWC . SFC . SRG . WGN .
FNARENA'S MARKET CONSENSUS FORECASTS
BKW: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx - 88.2 129.7 xxx
DPS (cps) xxx 67.0 61.5 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx 3.1% - 8.2% xxx
PE Ratio xxx N/A 20.1 xxx
Dividend Yield xxx N/A 2.4% xxx
Div Pay Ratio(%) xxx N/A 47.4% xxx

Dividend yield today if purchased 3 years ago: 2.89%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.58

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: 04/11 - ex-div 43c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-88.2
DPS All xxxxxxxxxxxxxxx67.0
Sales/Revenue xxxxxxxxxxxxxxx1,083.1 M
Book Value Per Share xxxxxxxxxxxxxxx2,222.9
Net Operating Cash Flow xxxxxxxxxxxxxxx104.0 M
Net Profit Margin xxxxxxxxxxxxxxx-10.82 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-3.38 %
Return on Invested Capital xxxxxxxxxxxxxxx-2.47 %
Return on Assets xxxxxxxxxxxxxxx-1.96 %
Return on Equity xxxxxxxxxxxxxxx-3.38 %
Return on Total Capital xxxxxxxxxxxxxxx1.00 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-69.9 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx55 M
Long Term Debt xxxxxxxxxxxxxxx1,294 M
Total Debt xxxxxxxxxxxxxxx1,349 M
Goodwill - Gross xxxxxxxxxxxxxxx308 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx63 M
Price To Book Value xxxxxxxxxxxxxxx1.30

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx74.9 M
Capex % of Sales xxxxxxxxxxxxxxx6.91 %
Cost of Goods Sold xxxxxxxxxxxxxxx749 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx286 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx4,259 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

0.4

No. Of Recommendations

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

Bell Potter

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$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

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

27/09/2024

1

Buy

$36.60

38.95%

Citi believes lower interest rates will improve the outlook for building products which continue to experience challenging conditions for Brickworks.

The broker likes the medium-term prospects for the property division boosted by a reversion to market rents, including a potential 40% increase in rental incomes and new development growth from conversion of land assets to industrial assets with Goodman Group ((GMG)).

Citi lifts EPS forecasts by 0.3% and 12.2% for FY25/FY26, respectively.

Citi remains Buy rated. Target price declines to $36.60 from $37.50.

FORECAST
Citi forecasts a full year FY25 dividend of 45.00 cents and EPS of 214.60 cents.
Citi forecasts a full year FY26 dividend of 46.00 cents and EPS of 229.90 cents.

Ord Minnett

xx/xx/xxxx

2

xxxxxxx xx xxxxxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

01/10/2024

3

Neutral

$30.00

13.90%

Jarden assesses Brickworks' FY24 result was ahead of consensus although Australian and North American construction activity continues to remain weak.

The results were better due to better-than-expected cost controls and efficiencies from restructuring. Post a devaluation in 2023 the company generated a $18m property revaluation in June.

The broker believes weakness in residential exposure will be offset by ongoing strength in the JV industrial trust with Goodman Group ((GMG)) and investments from Washington H. Soul Pattinson ((SOL)).

Neutral rated. Target price lifts to $30 from $28.50.

FORECAST
Jarden forecasts a full year FY25 dividend of 69.00 cents and EPS of 116.90 cents.
Jarden forecasts a full year FY26 dividend of 71.00 cents and EPS of 147.20 cents.
Access Extra Coverage Research History >

BKW STOCK CHART

FNArena News on BKW

1
Rudi’s View: The Importance Of ‘Quality’ Growth

Nov 21 2024 - Rudi's View
2
Weekly Ratings, Targets, Forecast Changes – 15-11-24

Nov 18 2024 - Weekly Reports
3
Rudi’s View: A Rally With No Earnings Support

Nov 14 2024 - Rudi's View
4
Rudi’s View: Trump Returns, What Now?

Nov 07 2024 - Rudi's View
5
Rudi’s View: US Earnings & The Election

Oct 31 2024 - Rudi's View

Latest Building Products & Services News

1
Cyclically Challenged Brickworks Prioritises Cash

Oct 01 2024 - Australia
2
Bottom’s In For James Hardie

Jun 18 2024 - Technicals
3
Boral Beats, Outlook Cautious

Feb 12 2024 - Australia
4
Brickworks Underestimated & Cheap, Brokers Say

Oct 04 2023 - Australia
5
Analysts In Love With James Hardie, Yet Again

Aug 23 2023 - Australia
6
Johns Lyng And The Weather Factor

Jun 26 2023 - Small Caps
7
Treasure Chest: Boral To Prove Sceptics Wrong?

Apr 04 2023 - Treasure Chest
8
Added Bite from Reliance Worldwide’s New Products

Mar 30 2023 - Australia
9
Boral Shares Surge, Brokers Remain Cautious

Feb 09 2023 - Australia
10
Eye On (Small Cap) Building & Materials Stocks

Feb 01 2023 - Small Caps