BREVILLE GROUP LIMITED (BRG)
Share Price Analysis and Chart

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BRG - BREVILLE GROUP LIMITED

FNArena Sector : Household & Personal Products
Year End: June
GICS Industry Group : Retailing
Debt/EBITDA: 0.64
Index: ASX200 | ASX300 | ALL-ORDS

Breville is an Australian multinational manufacturer of kitchen products and small electrical appliances. Established in 1932, it became a listed company in 1999.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$34.41

16 Sep
2024

0.000

OPEN

$34.41

0.000

HIGH

$34.41

0

LOW

$34.41

TARGET
$33.17 -3.6% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ABY . AOV . DSK . MYR . SSG . TRS .
FNARENA'S MARKET CONSENSUS FORECASTS
BRG: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 82.7 93.7 xxx
DPS (cps) xxx 33.0 37.1 xxx
EPS Growth xxx 7.1% 13.3% xxx
DPS Growth xxx 8.2% 12.5% xxx
PE Ratio xxx N/A 36.7 xxx
Dividend Yield xxx N/A 1.1% xxx
Div Pay Ratio(%) xxx 39.9% 39.6% xxx

Dividend yield today if purchased 3 years ago: 1.09%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.96

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: 12/09 - ex-div 17c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx82.7
DPS All xxxxxxxxxxxxxxx33.0
Sales/Revenue xxxxxxxxxxxxxxx1,530.0 M
Book Value Per Share xxxxxxxxxxxxxxx591.4
Net Operating Cash Flow xxxxxxxxxxxxxxx302.6 M
Net Profit Margin xxxxxxxxxxxxxxx7.75 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx14.65 %
Return on Invested Capital xxxxxxxxxxxxxxx11.81 %
Return on Assets xxxxxxxxxxxxxxx8.73 %
Return on Equity xxxxxxxxxxxxxxx14.65 %
Return on Total Capital xxxxxxxxxxxxxxx17.88 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx232.5 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 xxxxxxxxxxxxxxx25 M
Long Term Debt xxxxxxxxxxxxxxx131 M
Total Debt xxxxxxxxxxxxxxx156 M
Goodwill - Gross xxxxxxxxxxxxxxx324 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx138 M
Price To Book Value xxxxxxxxxxxxxxx4.59

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx62.1 M
Capex % of Sales xxxxxxxxxxxxxxx4.06 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,229 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx117 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx4 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

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxx

$xx.xx

xx.xx%

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Morgan Stanley

22/08/2024

1

Overweight

$35.00

1.71%

Sales growth for Breville Group has improved in the 2H24, notes Morgan Stanley, suggesting inventory has "normalised" which has been a concern for the market.

Americas and EMEA reported the strongest 2H24 growth because of new product launches and robust growth in Coffee, as well as distributors in EMEA, the analyst highlights.

Impressively, the company shrank inventory to 22% of sales from 31% at the peak while boosting gross margins 210 basis points, Morgan Stanley emphasises.

Morgan Stanley revises EPS forecasts by 2% in FY25 and 1.6% in FY26. The target lifts to $35 from $28. Overweight. Industry view: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY25 dividend of 38.90 cents and EPS of 96.00 cents.
Morgan Stanley forecasts a full year FY26 dividend of 44.00 cents and EPS of 109.00 cents.

Ord Minnett

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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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

4

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

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Petra Capital

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Wilsons

26/08/2024

1

Overweight

$34.90

1.42%

Breville Group's FY25 result nosed out consensus' forecasts, returning to double-digit growth in Americas and EMEA in the June half, observes Wilsons.

The broker takes this a good sign heading into the seasonally stronger December half and observes the company is gaining market share in the Americas, its biggest geographical market, which should prove defensive.

The company posted strong cash conversion, which brought the company back into the black, the company closing FY24 with net cash of $54m and restoring the balance sheet, observes Wilsons.

The broker expects net present debt will remain elevated until FY26 but observes inventory has stabilised at 22% of sales.

Overweight rating retained. Target price rises 12% to $34.90 a share. 

Goldman Sachs

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Extra Coverage Research History >

BRG STOCK CHART

FNArena News on BRG

1
Australian Broker Call *Extra* Edition – Sep 11, 2024

Sep 11 2024 - Daily Market Reports
2
Rudi’s View: Asking The Important Questions

Sep 11 2024 - Rudi's View
3
Premier Investments: More Details Required

Sep 10 2024 - Small Caps
4
Next Week At A Glance – 9-13 Sep 2024

Sep 06 2024 - Weekly Reports
5
Rudi’s View: August Results Fail To Inspire

Sep 05 2024 - Rudi's View

Latest Household & Personal Products News

1
Breville: Struggling

Sep 19 2023 - Technicals
2
Breville: Building Platform For Future Growth

Aug 25 2023 - Australia
3
Shine Comes Off Adore Beauty

Aug 31 2022 - Small Caps
4
BWX: Core Brands, Balance Sheet & Digital For Sale

May 23 2022 - Australia
5
Breville Promises (Lots Of) Growth

Feb 18 2022 - Australia
6
Treasure Chest: BWX Ltd

Nov 26 2021 - Treasure Chest
7
Market Misunderstands Breville’s Strategy

Aug 19 2021 - Australia
8
The Reject Shop (Still) Requires A Leap Of Faith

Jun 09 2021 - Australia
9
BWX On The Expansion Trail

May 20 2021 - Small Caps
10
No Such Thing As Too Much Bling

Mar 25 2021 - Australia