Brink's (BCO)
NYSE:BCO
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Brink's Company
(NYSE:BCO)
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Rating:61Neutral
Price Target:
$109.00
▼(-4.70% Downside)
Action:Reiterated
Date:06/02/26
The score is supported by strong recent cash generation and constructive, reaffirmed guidance (including margin expansion and deleveraging targets). Offsetting this are elevated financial risk from very high leverage and weak current technical momentum (price below key moving averages with negative MACD), while valuation is only moderately attractive given a 23.611 P/E and ~0.99% yield.
Positive Factors
Cash Generation
Sustained, material free cash flow and strong operating cash generation provide durable capacity to service debt, fund organic growth, and support share repurchases or M&A. Over 2–6 months this underpins financial flexibility despite cyclical revenue swings and supports deleveraging targets.
Negative Factors
Elevated Leverage
Extremely high leverage materially reduces balance‑sheet flexibility and amplifies downside risk from revenue or margin shocks. Even with improving cash flow, interest and covenant exposure constrain strategic optionality and make execution on growth or integration plans more dependent on sustained strong FCF.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash Generation
Sustained, material free cash flow and strong operating cash generation provide durable capacity to service debt, fund organic growth, and support share repurchases or M&A. Over 2–6 months this underpins financial flexibility despite cyclical revenue swings and supports deleveraging targets.
Read all positive factors
Brink's Company (BCO) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.22B
Dividend Yield0.85%
Average Volume (3M)440.43K
Price to Earnings (P/E)23.5
Beta (1Y)0.85
Revenue Growth7.31%
EPS Growth14.99%
CountryUS
Employees66,100
SectorIndustrials
Sector Strength72
IndustrySecurity & Protection Services
Share Statistics
EPS (TTM)4.32
Shares Outstanding41,181,026
10 Day Avg. Volume379,304
30 Day Avg. Volume440,431
Financial Highlights & Ratios
PEG Ratio0.85
Price to Book (P/B)17.61
Price to Sales (P/S)0.93
P/FCF Ratio11.21
Enterprise Value/Market Cap1.58
Enterprise Value/Revenue1.23
Enterprise Value/Gross Profit4.73
Enterprise Value/Ebitda7.58
Forecast
1Y Price Target
$143.00Price Target Upside25.02% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)9.26
Revenue Forecast (FY)$5.66B
Brink's Company Business Overview & Revenue Model
Company Description
The Brink's Company operates as a global leader in secure logistics, cash management, and comprehensive security services, with operations spanning North America, Latin America, Europe, and other international markets. A core offering is the secur...
How the Company Makes Money
Brink’s primarily makes money by contracting with customers for recurring, service-based secure logistics and cash management work. Its key revenue streams generally include: (1) Cash-in-transit and secure transportation services, where Brink’s co...
Brink's Company Earnings Call Summary
Earnings Call Date:May 06, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 12, 2026
Earnings Call Sentiment Positive
The call emphasized multiple clear operational and financial achievements: double-digit revenue growth, record trailing EBITDA, strong AMS/DRS momentum, improved cash generation and conversion, meaningful commercial wins, and a strategic acquisition with sizable synergy potential. Challenges and risks were acknowledged — modest CVM growth due to conversions, volatility in precious metals, ongoing regulatory and integration risks related to the Atleos acquisition, higher interest expense, and slower AMS adoption in North American banks. Overall, the positives (sustained high-growth, margin expansion, record cash generation, and clear strategic rationale for Atleos) materially outweigh the manageable near-term risks.Positive Updates
Top-Line Growth
Total revenue increased ~10% year-over-year in Q1 2026. Management reported ~4.5% organic growth (CEO) while the CFO cited ~5% constant-currency growth with a favorable FX tailwind (~6% reported in the quarter).
Negative Updates
CVM Pressure from Conversions
Cash & Valuables Management (CVM) organic growth was modest at ~1% in the quarter, with part of the headwind attributed to conversion of customers from CVM to higher-margin AMS/DRS offerings.
Read all updates
Q1-2026 Updates
Positive
Negative
Top-Line Growth
Total revenue increased ~10% year-over-year in Q1 2026. Management reported ~4.5% organic growth (CEO) while the CFO cited ~5% constant-currency growth with a favorable FX tailwind (~6% reported in the quarter).
Read all positive updates
Company Guidance
Brink's reiterated a 2026 framework calling for mid‑single‑digit total organic growth with AMS/DRS growing mid‑ to high‑teens, an FX tailwind of roughly 2–3% for the full year (Q2 FX just below 3% at the midpoint), and EBITDA margin expansion of 30–50 basis points; management expects EBITDA-to-free‑cash‑flow conversion of 40–45% for 2026 and stand‑alone net‑debt/EBITDA to decline from 2.7x at Q1 to about 2.3x by year‑end (vs. ~3.4x if the NCR Atleos deal closed in Q1 2027, with sub‑3x targeted by end‑2027). Q2 guidance: revenue $1.37–1.43 billion, adjusted EBITDA $245–265 million (about 10% growth and ~40 bps margin expansion at the midpoint) and EPS $1.85–2.25. On the transaction, management reiterated ~$200 million of identified cost synergies, secured financing to absorb $1.6 billion of Atleos bank debt at over one percentage point lower cost, and Atleos‑related cash flows of $2 million in Q1 (expected $50–60 million for the full year), with a combined target of $1 billion of free cash flow for the two companies.Brink's Company Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
28
Negative
Cash Flow
71
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.39B | 5.26B | 5.01B | 4.87B | 4.54B | 4.20B |
| Gross Profit | 1.41B | 1.36B | 1.27B | 1.17B | 1.07B | 964.40M |
| EBITDA | 877.60M | 890.20M | 795.00M | 715.40M | 610.80M | 587.20M |
| Net Income | 180.20M | 199.70M | 162.90M | 87.70M | 170.60M | 105.20M |
Balance Sheet | ||||||
| Total Assets | 7.28B | 7.34B | 6.62B | 6.60B | 6.37B | 5.57B |
| Cash, Cash Equivalents and Short-Term Investments | 2.10B | 2.27B | 1.40B | 1.18B | 972.00M | 710.30M |
| Total Debt | 4.47B | 4.93B | 4.25B | 3.88B | 3.73B | 3.29B |
| Total Liabilities | 6.88B | 6.93B | 6.31B | 6.08B | 5.80B | 5.31B |
| Stockholders Equity | 262.00M | 277.70M | 184.90M | 397.40M | 447.10M | 123.00M |
Cash Flow | ||||||
| Free Cash Flow | 544.10M | 436.40M | 203.50M | 499.70M | 297.30M | 310.10M |
| Operating Cash Flow | 728.40M | 639.50M | 426.00M | 702.40M | 479.90M | 478.00M |
| Investing Cash Flow | -189.90M | -209.00M | -216.20M | -179.80M | -331.20M | -454.70M |
| Financing Cash Flow | -141.80M | -107.50M | 42.20M | -207.10M | 245.20M | 171.30M |
Brink's Company Technical Analysis
Negative
114.38
Price Trends
105.75
Negative
112.87
Negative
113.66
Negative
Market Momentum
-1.37
Positive
44.79
Neutral
23.58
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BCO, the sentiment is Negative. The current price of 114.38 is above the 20-day moving average (MA) of 104.02, above the 50-day MA of 105.75, and above the 200-day MA of 113.66, indicating a bearish trend. The MACD of -1.37 indicates Positive momentum. The RSI at 44.79 is Neutral, neither overbought nor oversold. The STOCH value of 23.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BCO.
Brink's Company Risk Analysis
Brink's Company disclosed 24 risk factors in its most recent earnings report. Brink's Company reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Brink's Company Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $3.60B | 17.27 | 16.46% | 1.23% | 11.11% | 8.52% | |
74 Outperform | $6.21B | 21.50 | 22.02% | 1.30% | 5.56% | 2.16% | |
70 Outperform | $5.34B | 8.84 | 16.74% | 2.73% | 3.29% | 22.63% | |
68 Neutral | $1.26B | 34.00 | 20.86% | 1.29% | 8.83% | -16.34% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | $4.22B | 23.51 | 67.82% | 0.85% | 7.31% | 14.99% | |
48 Neutral | $4.69B | -9.44 | -17.64% | ― | 8.08% | -1039.66% |
* Industrials Sector Average
BCO
Brink's Company
102.57
18.76
22.39%
BRC
Brady
76.44
7.97
11.64%
MSA
MSA Safety
160.77
-2.29
-1.41%
NSSC
Napco Security Technologies
35.14
6.85
24.21%
ADT
Adt
6.76
-1.23
-15.39%
REZI
Resideo Technologies
30.96
9.79
46.24%
Brink's Company Corporate Events
Business Operations and StrategyFinancial Disclosures
Brink’s Reaffirms 2026 Outlook, Highlights Tech-Driven Transformation
Positive
Jun 2, 2026
On June 2, 2026, Brink’s updated the slide deck it uses in meetings with investors and analysts, reaffirming its previously issued financial guidance for the second quarter and full year 2026. The refreshed materials, presented at the Baird ...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Brink’s Delivers Strong Q1 Growth and Margin Expansion
Positive
May 6, 2026
On May 6, 2026, Brink’s reported a strong first quarter, with revenue rising 10% year over year to $1.38 billion, including 4.5% organic growth and 15% organic growth in its higher-margin AMS and DRS lines, while adjusted EBITDA climbed 10% ...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Brink’s Shareholders Approve Expanded Equity Incentive Plan
Positive
May 4, 2026
At its April 28, 2026 annual meeting, The Brink’s Company shareholders approved an amended and restated 2024 Equity Incentive Plan, adding 3,900,000 shares of common stock for issuance and reinforcing the firm’s ability to use equity-b...
Executive/Board Changes
Brink’s Appoints Adnane Louridi as Principal Accounting Officer
Positive
Apr 10, 2026
On April 6, 2026, The Brink’s Company appointed Adnane Louridi as Senior Vice President and Global Controller, and he will also serve as the company’s Principal Accounting Officer. Louridi, 42, brings prior finance leadership experienc...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Brink’s Expands Credit Facility to Support NCR Acquisition
Positive
Apr 6, 2026
On March 31, 2026, Brink’s amended and extended its main credit facility, increasing total capacity from $2.225 billion to $3.85 billion through a $1.225 billion refinanced term loan, a $1.025 billion delayed draw term loan and a $1.0 billio...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.