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Brinks Co

BCO

Arrangement of Transportation of Freight & Cargo

Mkt Cap

$4.592B

PE

37.64

Debt

$3.871B

Cash

$1.681B

EV

$6.782B

FCF

$601.7M

Market Cap

$4.592B

P/E Ratio

37.64

Debt

$3.871B

Cash

$1.681B

EV

$6.782B

FCF

$601.7M
Charts data: {"Earnings":[{"time":"2014-12-30","value":-114800000},{"time":"2015-12-30","value":-28200000},{"time":"2016-12-30","value":34500000},{"time":"2017-12-30","value":16700000},{"time":"2018-12-30","value":-33300000},{"time":"2019-12-30","value":29000000},{"time":"2020-12-30","value":16000000},{"time":"2021-12-30","value":105200000},{"time":"2022-12-30","value":170600000},{"time":"2023-12-30","value":87700000}],"Sales":[{"time":"2014-12-30","value":3562300000},{"time":"2015-12-30","value":3061400000},{"time":"2016-12-30","value":3020600000},{"time":"2017-12-30","value":3347000000},{"time":"2018-12-30","value":3488900000},{"time":"2019-12-30","value":3683200000},{"time":"2020-12-30","value":3690900000},{"time":"2021-12-30","value":4200200000},{"time":"2022-12-30","value":4535500000},{"time":"2023-12-30","value":4874600000}],"Net Margins":[{"time":"2014-12-30","value":-0.03222637060326194},{"time":"2015-12-30","value":-0.009211471875612465},{"time":"2016-12-30","value":0.011421571873137788},{"time":"2017-12-30","value":0.004989542874215716},{"time":"2018-12-30","value":-0.00954455559058729},{"time":"2019-12-30","value":0.007873588184187662},{"time":"2020-12-30","value":0.004334986046763662},{"time":"2021-12-30","value":0.025046426360649493},{"time":"2022-12-30","value":0.03761437548230625},{"time":"2023-12-30","value":0.017991219792393223}],"Assets":[{"time":"2014-12-30","value":2192200000},{"time":"2015-12-30","value":1946700000},{"time":"2016-12-30","value":1994800000},{"time":"2017-12-30","value":3059600000},{"time":"2018-12-30","value":3236000000},{"time":"2019-12-30","value":3763800000},{"time":"2020-12-30","value":5135600000},{"time":"2021-12-30","value":5566700000},{"time":"2022-12-30","value":6366000000},{"time":"2023-12-30","value":6601800000}],"Stockholders Equity":[{"time":"2014-12-30","value":473800000},{"time":"2015-12-30","value":330600000},{"time":"2016-12-30","value":354800000},{"time":"2017-12-30","value":338200000},{"time":"2018-12-30","value":166600000},{"time":"2019-12-30","value":207600000},{"time":"2020-12-30","value":202500000},{"time":"2021-12-30","value":252600000},{"time":"2022-12-30","value":570200000},{"time":"2023-12-30","value":520200000}],"ROE":[{"time":"2014-12-30","value":-0.24229632756437317},{"time":"2015-12-30","value":-0.0852994555353902},{"time":"2016-12-30","value":0.09723788049605411},{"time":"2017-12-30","value":0.04937906564163217},{"time":"2018-12-30","value":-0.1998799519807923},{"time":"2019-12-30","value":0.1396917148362235},{"time":"2020-12-30","value":0.07901234567901234},{"time":"2021-12-30","value":0.4164687252573238},{"time":"2022-12-30","value":0.2991932655208699},{"time":"2023-12-30","value":0.16858900422914264}],"ROA":[{"time":"2014-12-30","value":-0.01167776662713256},{"time":"2015-12-30","value":0.030821390044691015},{"time":"2016-12-30","value":0.07288951273310608},{"time":"2017-12-30","value":0.08952150607922604},{"time":"2018-12-30","value":0.08488875154511744},{"time":"2019-12-30","value":0.06291513895531112},{"time":"2020-12-30","value":0.04157255237946881},{"time":"2021-12-30","value":0.06371818132825552},{"time":"2022-12-30","value":0.057335846685516806},{"time":"2023-12-30","value":0.06658790026962344}]}

The Brink's Company provides secure transportation, cash management, and other security-related services in North America, Latin America, Europe, and internationally. The company offers armored vehicle transportation of valuables; automated teller machine (ATM) management services, such as cash replenishment, cash forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first and second line maintenance services; and cash-in-transit services. It also provides transportation services for diamonds, jewelry, precious metals, securities, bank notes, currency, high-tech devices, electronics, and pharmaceuticals; cash management services, as well as cashier balancing, counterfeit detection, account consolidation, electronic reporting, check imaging, and reconciliation services. It serves banks and financial institutions, retailers, government agencies, mints, jewelers, and other commercial operations. The company was formerly known as The Pittston Company and changed its name to The Brink's Company in May 2003. The Brink's Company was founded in 1859 and is headquartered in Richmond, Virginia.

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Growth

%

%

Discount

%

%

Multiple

g\r+10%+11%+12%+13%+14%
0%109887
+1%1110988
+2%13111098
+3%141311109
+4%1714121110
Years012345678910TV
FCF$601.7M$776.8M$982M$1.215B$1.471B$1.741B$2.015B$2.278B$2.513B$2.706B$2.842B$28.42B
DCF$675.4M$742.5M$798.9M$841.1M$865.8M$871.2M$856.2M$821.7M$769.3M$702.4M$7.024B
Value$14.97B

In the chart Earnings are multiplied by this value.

Earnings Growth 30%
Earnings Stability 9.5%


Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years12-201512-201612-201712-201812-201912-202012-202112-202212-2023TTM
Net Margin-0.92%1.1%0.5%-0.95%0.79%0.43%2.5%3.8%1.8%2.5%
ROA3.1%7.3%9%8.5%6.3%4.2%6.4%5.7%6.7%7.2%
ROE-8.5%9.7%4.9%-20%14%7.9%42%30%17%23%

What is the average Net Margin?

The average Net Margin over the past 5 years is +1.39%.

What is the trend of Net Margin?

The trend of Net Margin over the past 5 years is +0.71%.

What is the average Return on Assets (ROA)?

The average ROA over the past 5 years is +6.28%.

What is the trend of Return on Assets (ROA)?

The trend of ROA over the past 5 years is -0.25%.

What is the average Return on Equity (ROE)?

The average ROE over the past 5 years is +15.05%.

What is the trend of Return on Equity (ROE)?

The trend of ROE over the past 5 years is +7.6%.


Safety & Stabiliy

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years12-201512-201612-201712-201812-201912-202012-202112-202212-2023TTM
Debt FCF4.6711.5517.197.838.5013.249.9711.887.606.43
Debt Equity1.521.803.949.828.3413.0212.246.207.317.44
MIN
Graham Stability----430%100%100%100%100%90%-430%

What is the Debt/FCF?

The Debt/FCF trailing twelve month is 6.43.

What is the trend of Debt/FCF?

The trend of Debt/FCF over the past 5 years is 0.16.

What is the Graham’s Stability?

Graham’s Stability measure stands at -4.34.


Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years12-201612-201812-202012-2022Trend
Revenue7.1%6.9%9.7%7.5%1.9%
Net Income14%-76%-49%19%
Stockholders Equity5.6%26%37%-8.8%9.1%
FCF37%19%36%68%-130%

What is the 5 year Revenue CAGR?

The Revenue CAGR over the past 5 years is +6.92%.

What is the trend of Revenue growth?

The trend of Revenue growth rate over the past 5 years is +1.93%.

What is the 5 year Earnings CAGR?

The Earnings CAGR over the past 5 years is -.

What is the trend of Earnings growth?

The trend of Earnings growth rate over the past 5 years is +19.15%.

What is the 5 year Equity CAGR?

The Equity CAGR over the past 5 years is +25.57%.

What is the trend of Equity growth?

The trend of Equity growth rate over the past 5 years is +9.14%.

What is the 5 year FCF CAGR?

The FCF CAGR over the past 5 years is +19.05%.

What is the trend of FCF growth?

The trend of FCF growth rate over the past 5 years is -126.99%.