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Brink's Company
(NYSE:BCO)
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Rating:68Neutral
Price Target:
$129.00
▲(5.74% Upside)
Action:Reiterated
Date:08/05/26
BCO scores positively on trend and near-term execution, supported by strong technicals and an earnings call that raised profit expectations and emphasized margin/FCF conversion. The biggest offset is financial risk from very high leverage and a thin equity base, with valuation (higher P/E and low yield) also limiting upside in the score.
Positive Factors
AMS/DRS growth and strategic shift
Sustained mid-teens organic growth in AMS/DRS reflects a structural shift toward higher‑growth, technology‑enabled recurring services. This enlarges addressable market, raises average contract value, and increases cross‑sell potential—supporting durable margin and revenue mix improvement over months.
Negative Factors
Extremely high leverage
The very thin equity base and heavy indebtedness materially amplify financial risk and reduce balance sheet flexibility. High leverage raises refinancing and covenant risk, limits capacity for incremental M&A or capex, and makes long‑term plans dependent on consistent cash generation and successful deleveraging execution.
Read all positive and negative factors
Positive Factors
Negative Factors
AMS/DRS growth and strategic shift
Sustained mid-teens organic growth in AMS/DRS reflects a structural shift toward higher‑growth, technology‑enabled recurring services. This enlarges addressable market, raises average contract value, and increases cross‑sell potential—supporting durable margin and revenue mix improvement over months.
Read all positive factors
Brink's Company (BCO) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.62B
Dividend Yield0.92%
Average Volume (3M)525.07K
Price to Earnings (P/E)25.3
Beta (1Y)0.76
Revenue Growth8.12%
EPS Growth16.12%
CountryUS
Employees64,500
SectorIndustrials
Sector Strength72
IndustrySecurity & Protection Services
Share Statistics
EPS (TTM)4.36
Shares Outstanding41,189,632
10 Day Avg. Volume571,480
30 Day Avg. Volume525,071
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$141.00Price Target Upside15.57% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)9.13
Revenue Forecast (FY)$5.59B
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:Aug 05, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 11, 2026
Earnings Call Sentiment Positive
The call emphasized multiple meaningful positives — strong AMS/DRS momentum, record margin expansion, double-digit EBITDA growth, robust free cash flow conversion, raised profit expectations, and substantial progress toward closing the NCR Atleos acquisition — while acknowledging some near-term timing-related softness across regions, reduced FX tailwinds, outstanding regulatory/licensing items and a temporary leverage increase at close. Overall, the company presented confidence in continued organic acceleration in the back half, clear margin and cash conversion targets, and a constructive acquisition roadmap.Positive Updates
Solid Overall Revenue and Organic Growth
Total revenue increased 7% year-over-year, comprised of 4% organic (constant-currency) growth and a 3% foreign currency tailwind.
Negative Updates
Regional Organic Growth Deceleration and Timing Shifts
North America, Latin America and Europe organic growth decelerated to about 2% in the quarter, largely due to customer-driven timing that pushed several large AMS/DRS installations and wins from Q2 into the second half.
Read all updates
Q2-2026 Updates
Positive
Negative
Solid Overall Revenue and Organic Growth
Total revenue increased 7% year-over-year, comprised of 4% organic (constant-currency) growth and a 3% foreign currency tailwind.
Read all positive updates
Company Guidance
Brink’s reiterated its 2026 framework but raised profit expectations after a strong Q2, guiding to mid‑single‑digit total organic revenue growth with AMS/DRS growing mid‑ to high‑teens, full‑year EBITDA margin expansion of 30–50 bps and EBITDA‑to‑free‑cash‑flow conversion of 40–45% (Q2 TTM conversion 46% on $468M FCF). Q3 guidance: revenue $1.365–1.415B (slight sequential organic acceleration), adjusted EBITDA $263–283M (≈19.6% margin at the midpoint, ~60 bps expansion) and EPS $2.23–2.63; FX is now expected to be a 1.5–2.5% full‑year tailwind using yesterday’s rates (Q3 FX flat to <1%). Q2 results that supported the raise included revenue +7% (+4% constant currency), adjusted EBITDA $257M (+11%), EBITDA margin 18.5% (+70 bps), operating profit $190M (13.6%), EPS $2.13 on 41.5M diluted shares, interest $63M, effective tax rate 27.3%, D&A $64M (FY ≈$250M). Capital/leverage targets: net leverage 2.7x at quarter end (may exceed 3x at close of the NCR Atleos deal), planned standalone reduction to ~2.3x in 2026, target <3x by end‑2027 and a 2–3x long‑term range with ≥50% of FCF to shareholder returns once that range is restored.Brink's Company Financial Statement Overview
Summary
Income Statement
73
Positive
Balance Sheet
34
Negative
Cash Flow
69
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.48B | 5.26B | 5.01B | 4.87B | 4.54B | 4.20B |
| Gross Profit | 1.45B | 1.36B | 1.27B | 1.17B | 1.07B | 964.40M |
| EBITDA | 898.10M | 890.20M | 795.00M | 715.40M | 610.80M | 587.20M |
| Net Income | 180.90M | 199.70M | 162.90M | 87.70M | 170.60M | 105.20M |
Balance Sheet | ||||||
| Total Assets | 7.33B | 7.34B | 6.62B | 6.60B | 6.37B | 5.57B |
| Cash, Cash Equivalents and Short-Term Investments | 1.66B | 2.27B | 1.40B | 1.18B | 972.00M | 710.30M |
| Total Debt | 4.24B | 4.93B | 4.25B | 3.88B | 3.73B | 3.29B |
| Total Liabilities | 6.89B | 6.93B | 6.31B | 6.08B | 5.80B | 5.31B |
| Stockholders Equity | 310.50M | 277.70M | 184.90M | 397.40M | 447.10M | 123.00M |
Cash Flow | ||||||
| Free Cash Flow | 382.20M | 436.40M | 203.50M | 499.70M | 297.30M | 310.10M |
| Operating Cash Flow | 589.60M | 639.50M | 426.00M | 702.40M | 479.90M | 478.00M |
| Investing Cash Flow | -145.20M | -209.00M | -216.20M | -179.80M | -331.20M | -454.70M |
| Financing Cash Flow | -333.00M | -107.50M | 42.20M | -207.10M | 245.20M | 171.30M |
Brink's Company Technical Analysis
Neutral
122.00
Price Trends
106.89
Positive
106.07
Positive
112.34
Negative
Market Momentum
2.32
Positive
47.95
Neutral
20.80
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BCO, the sentiment is Neutral. The current price of 122 is above the 20-day moving average (MA) of 117.03, above the 50-day MA of 106.89, and above the 200-day MA of 112.34, indicating a neutral trend. The MACD of 2.32 indicates Positive momentum. The RSI at 47.95 is Neutral, neither overbought nor oversold. The STOCH value of 20.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
82 Outperform | $4.57B | 21.85 | 16.46% | 1.04% | 11.11% | 8.52% | |
75 Outperform | $5.58B | 9.75 | 16.83% | 3.13% | 2.10% | 6.68% | |
72 Outperform | $7.49B | 23.96 | 23.15% | 1.22% | 6.48% | 14.55% | |
70 Outperform | $1.48B | 38.84 | 20.86% | 1.62% | 8.83% | -16.34% | |
68 Neutral | $4.62B | 25.35 | 64.68% | 0.84% | 8.12% | 16.12% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
54 Neutral | $3.95B | -6.76 | -17.64% | ― | 8.08% | -1039.66% |
* Industrials Sector Average
BCO
Brink's Company
110.51
4.83
4.57%
BRC
Brady
96.34
27.44
39.82%
MSA
MSA Safety
193.13
25.75
15.38%
NSSC
Napco Security Technologies
40.01
10.71
36.56%
ADT
Adt
7.51
-0.61
-7.55%
REZI
Resideo Technologies
24.21
5.10
26.71%
Brink's Company Corporate Events
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Brink’s Delivers Strong Q2 Results and Outlook
Positive
Aug 5, 2026
On August 5, 2026, Brink’s reported strong second-quarter 2026 results, with revenue rising 7 percent to $1.39 billion and marking the 14th consecutive quarter of mid-teens or higher organic growth in AMS/DRS. Net income increased 2 percent,...
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Brink’s Adjusts Accounting for Malaysia Business Operations
Neutral
Jul 24, 2026
Brink’s Company has announced it anticipates a change in the accounting treatment for its Malaysia Business, moving from full consolidation to another investment accounting method, so the unit’s results will no longer appear on a conso...
Business Operations and StrategyM&A TransactionsShareholder Meetings
Brink’s Shareholders Approve NCR Atleos Acquisition Merger
Positive
Jun 30, 2026
On June 30, 2026, Brink’s shareholders voted at a special meeting to approve the issuance of Brink’s common stock required to complete the acquisition of NCR Atleos, with more than 91% of eligible votes represented and an overwhelming ...
Legal ProceedingsM&A TransactionsRegulatory Filings and ComplianceShareholder Meetings
Brink’s Issues Supplemental Disclosures Amid NCR Atleos Merger Scrutiny
Negative
Jun 18, 2026
Brink’s Company and NCR Atleos, which entered into a merger agreement on February 26, 2026, are advancing a two-step merger that would make NCR Atleos a wholly owned subsidiary of Brink’s, with shareholder votes scheduled at special me...
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% ...
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.