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BRENNTAG SE (BNR.DE) Stock Fundamental Analysis

FRA:BNR - Deutsche Boerse Ag - DE000A1DAHH0 - Common Stock - Currency: EUR

60.4  -0.52 (-0.85%)

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to BNR. BNR was compared to 16 industry peers in the Trading Companies & Distributors industry. BNR scores excellent on profitability, but there are some minor concerns on its financial health. BNR is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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7

1. Profitability

1.1 Basic Checks

In the past year BNR was profitable.
In the past year BNR had a positive cash flow from operations.
Each year in the past 5 years BNR has been profitable.
In the past 5 years BNR always reported a positive cash flow from operatings.
BNR.DE Yearly Net Income VS EBIT VS OCF VS FCFBNR.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B

1.2 Ratios

BNR's Return On Assets of 4.87% is fine compared to the rest of the industry. BNR outperforms 62.50% of its industry peers.
With a decent Return On Equity value of 12.45%, BNR is doing good in the industry, outperforming 62.50% of the companies in the same industry.
The Return On Invested Capital of BNR (8.70%) is better than 75.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for BNR is in line with the industry average of 8.61%.
Industry RankSector Rank
ROA 4.87%
ROE 12.45%
ROIC 8.7%
ROA(3y)6.37%
ROA(5y)6.06%
ROE(3y)15.57%
ROE(5y)14.63%
ROIC(3y)10.41%
ROIC(5y)9.54%
BNR.DE Yearly ROA, ROE, ROICBNR.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 5 10 15

1.3 Margins

With a decent Profit Margin value of 3.36%, BNR is doing good in the industry, outperforming 62.50% of the companies in the same industry.
BNR's Profit Margin has improved in the last couple of years.
BNR has a better Operating Margin (5.71%) than 75.00% of its industry peers.
BNR's Operating Margin has improved in the last couple of years.
With an excellent Gross Margin value of 24.66%, BNR belongs to the best of the industry, outperforming 81.25% of the companies in the same industry.
BNR's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 5.71%
PM (TTM) 3.36%
GM 24.66%
OM growth 3Y3%
OM growth 5Y2.91%
PM growth 3Y2.44%
PM growth 5Y2.97%
GM growth 3Y-0.58%
GM growth 5Y2.97%
BNR.DE Yearly Profit, Operating, Gross MarginsBNR.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 5 10 15 20

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5

2. Health

2.1 Basic Checks

BNR has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
Compared to 1 year ago, BNR has less shares outstanding
Compared to 5 years ago, BNR has less shares outstanding
BNR has a better debt/assets ratio than last year.
BNR.DE Yearly Shares OutstandingBNR.DE Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M
BNR.DE Yearly Total Debt VS Total AssetsBNR.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B 8B 10B

2.2 Solvency

An Altman-Z score of 3.11 indicates that BNR is not in any danger for bankruptcy at the moment.
BNR has a Altman-Z score (3.11) which is in line with its industry peers.
The Debt to FCF ratio of BNR is 5.11, which is a neutral value as it means it would take BNR, 5.11 years of fcf income to pay off all of its debts.
BNR has a better Debt to FCF ratio (5.11) than 68.75% of its industry peers.
A Debt/Equity ratio of 0.58 indicates that BNR is somewhat dependend on debt financing.
BNR has a Debt to Equity ratio (0.58) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.58
Debt/FCF 5.11
Altman-Z 3.11
ROIC/WACC1.64
WACC5.32%
BNR.DE Yearly LT Debt VS Equity VS FCFBNR.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B 4B

2.3 Liquidity

BNR has a Current Ratio of 1.47. This is a normal value and indicates that BNR is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of BNR (1.47) is worse than 62.50% of its industry peers.
BNR has a Quick Ratio of 1.04. This is a normal value and indicates that BNR is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.04, BNR is not doing good in the industry: 62.50% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 1.47
Quick Ratio 1.04
BNR.DE Yearly Current Assets VS Current LiabilitesBNR.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B 4B 5B

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3

3. Growth

3.1 Past

BNR shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -16.29%.
Measured over the past years, BNR shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.73% on average per year.
The Revenue has decreased by -8.04% in the past year.
The Revenue has been growing slightly by 6.03% on average over the past years.
EPS 1Y (TTM)-16.29%
EPS 3Y16.21%
EPS 5Y9.73%
EPS Q2Q%-30.51%
Revenue 1Y (TTM)-8.04%
Revenue growth 3Y12.55%
Revenue growth 5Y6.03%
Sales Q2Q%-0.48%

3.2 Future

BNR is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.81% yearly.
The Revenue is expected to grow by 0.84% on average over the next years.
EPS Next Y-6.49%
EPS Next 2Y2.16%
EPS Next 3Y5.23%
EPS Next 5Y4.81%
Revenue Next Year-5.1%
Revenue Next 2Y-0.07%
Revenue Next 3Y1.34%
Revenue Next 5Y0.84%

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
BNR.DE Yearly Revenue VS EstimatesBNR.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 5B 10B 15B 20B
BNR.DE Yearly EPS VS EstimatesBNR.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2 4 6

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5

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 16.11 indicates a correct valuation of BNR.
68.75% of the companies in the same industry are more expensive than BNR, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 28.47, BNR is valued a bit cheaper.
A Price/Forward Earnings ratio of 12.21 indicates a correct valuation of BNR.
BNR's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. BNR is cheaper than 68.75% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 92.74, BNR is valued rather cheaply.
Industry RankSector Rank
PE 16.11
Fwd PE 12.21
BNR.DE Price Earnings VS Forward Price EarningsBNR.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

BNR's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. BNR is cheaper than 68.75% of the companies in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as BNR.
Industry RankSector Rank
P/FCF 13.09
EV/EBITDA 8.43
BNR.DE Per share dataBNR.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80 100

4.3 Compensation for Growth

BNR has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.66
EPS Next 2Y2.16%
EPS Next 3Y5.23%

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5

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 3.41%, BNR has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 2.77, BNR pays a bit more dividend than its industry peers.
BNR's Dividend Yield is a higher than the S&P500 average which is at 2.28.
Industry RankSector Rank
Dividend Yield 3.41%

5.2 History

On average, the dividend of BNR grows each year by 12.90%, which is quite nice.
Dividend Growth(5Y)12.9%
Div Incr Years1
Div Non Decr Years1
BNR.DE Yearly Dividends per shareBNR.DE Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 0.5 1 1.5

5.3 Sustainability

55.68% of the earnings are spent on dividend by BNR. This is a bit on the high side, but may be sustainable.
The dividend of BNR is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP55.68%
EPS Next 2Y2.16%
EPS Next 3Y5.23%
BNR.DE Yearly Income VS Free CF VS DividendBNR.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M 1B
BNR.DE Dividend Payout.BNR.DE Dividend Payout, showing the Payout Ratio.BNR.DE Dividend Payout.PayoutRetained Earnings

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BRENNTAG SE

FRA:BNR (2/5/2025, 10:22:55 AM)

60.4

-0.52 (-0.85%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryTrading Companies & Distributors
Earnings (Last)11-12 2024-11-12/bmo
Earnings (Next)N/A N/A
Inst Owners54.74%
Inst Owner ChangeN/A
Ins Owners10.7%
Ins Owner ChangeN/A
Market Cap8.72B
Analysts70.77
Price Target75.54 (25.07%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.41%
Yearly Dividend2.02
Dividend Growth(5Y)12.9%
DP55.68%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-18.88%
Min EPS beat(2)-27.4%
Max EPS beat(2)-10.37%
EPS beat(4)0
Avg EPS beat(4)-17.09%
Min EPS beat(4)-27.4%
Max EPS beat(4)-10.37%
EPS beat(8)0
Avg EPS beat(8)-16.27%
EPS beat(12)2
Avg EPS beat(12)-13.66%
EPS beat(16)3
Avg EPS beat(16)-14.21%
Revenue beat(2)0
Avg Revenue beat(2)-1.42%
Min Revenue beat(2)-1.46%
Max Revenue beat(2)-1.39%
Revenue beat(4)0
Avg Revenue beat(4)-4.06%
Min Revenue beat(4)-7.02%
Max Revenue beat(4)-1.39%
Revenue beat(8)1
Avg Revenue beat(8)-4.36%
Revenue beat(12)5
Avg Revenue beat(12)-0.72%
Revenue beat(16)8
Avg Revenue beat(16)0.06%
PT rev (1m)-1.71%
PT rev (3m)-6.21%
EPS NQ rev (1m)-2.99%
EPS NQ rev (3m)-16.28%
EPS NY rev (1m)-5.1%
EPS NY rev (3m)-5.1%
Revenue NQ rev (1m)-0.33%
Revenue NQ rev (3m)-7.45%
Revenue NY rev (1m)-0.94%
Revenue NY rev (3m)-0.94%
Valuation
Industry RankSector Rank
PE 16.11
Fwd PE 12.21
P/S 0.54
P/FCF 13.09
P/OCF 8.32
P/B 1.99
P/tB 13.55
EV/EBITDA 8.43
EPS(TTM)3.75
EY6.21%
EPS(NY)4.95
Fwd EY8.19%
FCF(TTM)4.62
FCFY7.64%
OCF(TTM)7.26
OCFY12.02%
SpS112.13
BVpS30.28
TBVpS4.46
PEG (NY)N/A
PEG (5Y)1.66
Profitability
Industry RankSector Rank
ROA 4.87%
ROE 12.45%
ROCE 12%
ROIC 8.7%
ROICexc 9.63%
ROICexgc 20.76%
OM 5.71%
PM (TTM) 3.36%
GM 24.66%
FCFM 4.12%
ROA(3y)6.37%
ROA(5y)6.06%
ROE(3y)15.57%
ROE(5y)14.63%
ROIC(3y)10.41%
ROIC(5y)9.54%
ROICexc(3y)11.64%
ROICexc(5y)10.65%
ROICexgc(3y)24.42%
ROICexgc(5y)22.55%
ROCE(3y)14.35%
ROCE(5y)13.16%
ROICexcg growth 3Y5.47%
ROICexcg growth 5Y3.24%
ROICexc growth 3Y7.15%
ROICexc growth 5Y4.01%
OM growth 3Y3%
OM growth 5Y2.91%
PM growth 3Y2.44%
PM growth 5Y2.97%
GM growth 3Y-0.58%
GM growth 5Y2.97%
F-Score5
Asset Turnover1.45
Health
Industry RankSector Rank
Debt/Equity 0.58
Debt/FCF 5.11
Debt/EBITDA 1.86
Cap/Depr 88.2%
Cap/Sales 2.36%
Interest Coverage 250
Cash Conversion 77.22%
Profit Quality 122.39%
Current Ratio 1.47
Quick Ratio 1.04
Altman-Z 3.11
F-Score5
WACC5.32%
ROIC/WACC1.64
Cap/Depr(3y)67.29%
Cap/Depr(5y)67.67%
Cap/Sales(3y)1.56%
Cap/Sales(5y)1.59%
Profit Quality(3y)102.62%
Profit Quality(5y)134.23%
High Growth Momentum
Growth
EPS 1Y (TTM)-16.29%
EPS 3Y16.21%
EPS 5Y9.73%
EPS Q2Q%-30.51%
EPS Next Y-6.49%
EPS Next 2Y2.16%
EPS Next 3Y5.23%
EPS Next 5Y4.81%
Revenue 1Y (TTM)-8.04%
Revenue growth 3Y12.55%
Revenue growth 5Y6.03%
Sales Q2Q%-0.48%
Revenue Next Year-5.1%
Revenue Next 2Y-0.07%
Revenue Next 3Y1.34%
Revenue Next 5Y0.84%
EBIT growth 1Y-14.79%
EBIT growth 3Y15.92%
EBIT growth 5Y9.11%
EBIT Next Year21.34%
EBIT Next 3Y11.56%
EBIT Next 5Y7.54%
FCF growth 1Y58.44%
FCF growth 3Y9.64%
FCF growth 5Y46.75%
OCF growth 1Y59.14%
OCF growth 3Y10.96%
OCF growth 5Y34.67%