Beacon Lighting Group Ltd (BLX) AI Stock Analysis

• Market Cap: AU$839.17M
• Dividend Yield: 2.15%
• Average Volume (3M): 58.02K
• Price to Earnings (P/E): 28.1
• Beta (1Y): 0.57
• Revenue Growth: 5.33%
• EPS Growth: -4.25%
• Country: AU
• Employees: 1,130
• Sector: Consumer Cyclical
• Sector Strength: 64
• Industry: Specialty Retail
• EPS (TTM): 0.08
• Shares Outstanding: 228,656,070
• 10 Day Avg. Volume: 91,934
• 30 Day Avg. Volume: 58,017
• PEG Ratio: N/A
• Price to Book (P/B): 4.68
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 13.58
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$3.96
• Price Target Upside: 7.90% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 75 Outperform
• Price Target: AU$4.00 ▲(8.99%Upside)

Beacon Lighting Group Ltd exhibits strong financial performance, with robust cash flow and efficient cost management contributing significantly to the overall score. Technical analysis supports a positive stock trend, though valuation suggests the stock may be slightly expensive. Earnings call and corporate events were not factors in this evaluation.

Beacon Lighting Group Ltd Business Overview & Revenue Model

Company Description

Beacon Lighting Group Limited retails lighting products in Australia and internationally. The company designs, develops, sources, imports, distributes, merchandises, promotes, and sells light fittings, ceiling fans, and light globes, as well as energy products. It provides pendant, track, bathroom, outdoor, garden, solar, security and sensor, deck, LED lighting products; and ceiling, down, spot & bar, strip & cabinet, and interior wall lights, as well as lamps. The company also offers ceiling, exhaust, portable indoor, outdoor, and mammoth fans; air purifiers; pendants and chandeliers; switches and dimmers, and cameras; power points, LED drivers and transformers, and smoke alarms; outdoor heaters; candles and accessories, flush mounts, decorative and cleaning products; and clearance products. It offers its products under the Lucci, LEDlux, Mayfair, and Fanaway brands. The company operates 117 stores and 2 franchised stores. It also offers its products online. Beacon Lighting Group Limited was founded in 1967 and is based in Mulgrave, Australia.

How the Company Makes Money

Beacon Lighting Group Ltd primarily makes money through the retail sale of lighting products and ceiling fans. The company's revenue model is based on direct sales to consumers via its network of over 100 physical stores across Australia and its online e-commerce platform. Key revenue streams include the sale of proprietary Beacon Lighting-branded products, as well as third-party brands. Additionally, the company offers lighting design services and energy-efficient solutions which contribute to its earnings. Strategic partnerships with suppliers and manufacturers, along with exclusive product offerings, play a significant role in maintaining Beacon Lighting's competitive edge and profitability in the market.

Beacon Lighting Group Ltd Financial Statement Overview

Summary

Beacon Lighting Group Ltd is in a strong financial position, characterized by consistent revenue growth, efficient cost management, and robust cash flow generation. The balance sheet reflects moderate leverage with a healthy equity base, supporting long-term growth and stability in the competitive specialty retail industry.

Income Statement

Beacon Lighting Group Ltd has demonstrated consistent revenue growth with a 3.96% increase in the latest reporting year, driven by solid sales performance. The gross profit margin improved to 69.14%, reflecting efficient cost management. Despite a slight decline in EBIT and EBITDA margins to 15.78% and 26.63% respectively, the company maintains strong profitability with a net profit margin of 9.27%.

Balance Sheet

The company shows a healthy equity base, with stockholders’ equity increasing to $165.79 million. The debt-to-equity ratio stands at 0.95, indicating moderate leverage. The equity ratio improved to 45.15%, enhancing financial stability. Return on equity remains robust at 18.16%, showcasing effective use of shareholders' funds.

Cash Flow

Beacon Lighting Group Ltd exhibits strong cash flow generation, with a notable 77.14% growth in free cash flow this year. The operating cash flow to net income ratio of 2.49 and free cash flow to net income ratio of 2.19 suggest efficient cash conversion and ample liquidity to support ongoing operations and strategic investments.

Breakdown
TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
331.46M	324.81M	312.44M	304.79M	289.31M	252.55M
	Gross Profit
229.43M	224.56M	211.82M	210.86M	197.97M	161.07M
	EBIT
51.17M	51.24M	54.08M	62.94M	59.54M	35.18M
	EBITDA
59.07M	86.48M	84.92M	91.84M	64.16M	59.65M
	Net Income Common Stockholders
29.65M	30.10M	33.64M	40.73M	37.63M	22.23M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
50.70M	46.21M	20.68M	28.00M	33.83M	44.86M
	Total Assets
303.67M	367.07M	332.92M	353.92M	320.64M	293.66M
	Total Debt
145.46M	157.22M	149.38M	144.02M	141.38M	143.72M
	Net Debt
94.75M	121.04M	128.70M	116.03M	107.55M	98.86M
	Total Liabilities
189.36M	201.28M	183.82M	219.79M	208.45M	206.69M
	Stockholders Equity
105.19M	165.79M	149.10M	134.13M	112.20M	86.97M
Cash Flow		Free Cash Flow
61.79M	66.05M	37.28M	42.80M	53.31M	49.02M
	Operating Cash Flow
71.54M	75.05M	48.92M	52.41M	61.22M	55.35M
	Investing Cash Flow
-10.70M	-19.93M	-13.68M	-14.13M	-24.55M	20.36M
	Financing Cash Flow
-49.23M	-39.63M	-42.55M	-44.12M	-47.70M	-49.16M

Beacon Lighting Group Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3.67
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BLX, the sentiment is Positive. The current price of 3.67 is above the 20-day moving average (MA) of 3.40, above the 50-day MA of 3.33, and above the 200-day MA of 3.08, indicating a bullish trend. The MACD of 0.09 indicates Negative momentum. The RSI at 63.17 is Neutral, neither overbought nor oversold. The STOCH value of 83.97 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:BLX.

Beacon Lighting Group Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BLX	75 Outperform	AU$839.17M	28.08	17.54%	2.15%	5.33%	-4.25%
Sector *	62 Neutral	$6.84B	11.41	2.80%	3.87%	2.70%	-24.58%
PGZ		€344.35M	―	-4.46%	―	―	―
RLLWF		$2.14B	19.64	10.01%	1.61%	―	―
NCK	74 Outperform	AU$1.64B	23.74	29.48%	3.29%	9.36%	-21.69%
1FQ		€274.67M	13.09	14.57%	5.49%	―	―
APW	83 Outperform	AU$127.32M	1.74	40.87%	―	-27.82%	330.61%

Beacon Lighting Group Ltd Corporate Events

Beacon Lighting Announces Director’s Interest Change

Beacon Lighting Group Ltd has announced a change in the director’s interest, specifically involving Ian Robinson. The change was due to the issuance of 552,076 fully paid ordinary shares under the company’s Dividend Re-investment Plan, increasing Robinson’s total holdings to 126,592,713 shares. This adjustment highlights the company’s ongoing commitment to shareholder value and may influence its market position by reinforcing investor confidence.

Beacon Lighting Group Ltd Announces Quotation of New Securities

Beacon Lighting Group Ltd has announced the application for quotation of 919,722 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move is part of a dividend or distribution plan and reflects the company’s ongoing efforts to enhance its capital structure and provide value to its shareholders.