BRICKWORKS LIMITED (BKW)
Share Price Analysis and Chart

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BKW

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

$23.62

24 Mar
2025

-0.310

OPEN

$23.90

-1.30%

HIGH

$24.00

234,194

LOW

$23.57

TARGET
$29.183 23.6% 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 - 88.2 121.1 xxx
DPS (cps) xxx 67.0 65.3 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx 3.1% - 2.5% xxx
PE Ratio xxx N/A 19.9 xxx
Dividend Yield xxx N/A 2.7% xxx
Div Pay Ratio(%) xxx N/A 54.0% xxx

Dividend yield today if purchased 3 years ago: 2.80%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.78

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 © 2025 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

0.6

No. Of Recommendations

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

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

21/03/2025

3

Neutral

$26.00

10.08%

Brickworks' 1H25 revenue beat Macquarie's forecast, underlying EBIT missed and net profit came in higher. The broker notes profits in Australia were better than expected while North America disappointed.

Among the positives looking ahead is the scope for rental increases and a solid property development pipeline, but the soft near-term outlook for building products in Australia and North America is expected to be a drag.

The broker raised FY25 EPS forecast by 21% on tax benefits and property development potential. Target price cut to $26.00 from $26.90 on lower earnings forecasts. Neutral retained.

FORECAST
Macquarie forecasts a full year FY25 dividend of 69.00 cents and EPS of 116.00 cents.
Macquarie forecasts a full year FY26 dividend of 71.00 cents and EPS of 124.00 cents.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$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

24/03/2025

2

Overweight

$25.00

5.84%

After lowering forecasts and target price a few days ago following Brickworks' weak earnings update, Jarden notes the 1H25 result was even worse than what the company recently flagged.

The North American business reported a -$3m EBITDA loss versus the broker's $14m forecast. The Australian building products business performed well and net property trust income was steady.

The broker cut FY25-26 EPS forecasts mainly on lower revenue growth in North America as plant closures are expected to continue into 2H, and minimal improvement is expected in the near term.

Target price cut to $25.00 from $25.60. Overweight maintained.

FORECAST
Jarden forecasts a full year FY25 dividend of 69.00 cents and EPS of 97.70 cents.
Jarden forecasts a full year FY26 dividend of 71.00 cents and EPS of 137.10 cents.
Access Extra Coverage Research History >

BKW STOCK CHART

FNArena News on BKW

1
In Case You Missed It – BC Extra Upgrades & Downgrades – 14-03-25

Mar 14 2025 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Mar 13, 2025

Mar 13 2025 - Daily Market Reports
3
America Not The Main Game For Brickworks

Mar 12 2025 - Small Caps
4
Rudi’s View: Best Ideas & Conviction Calls

Feb 20 2025 - Rudi's View
5
Rudi’s View: AGL Energy, Bega Cheese, BRG, Harvey Norman, Imdex & Superloop

Feb 06 2025 - Rudi's View

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