We maintain our fair value estimates for Brickworks and Soul Patts of AUD 32 per share and AUD 34 per share, respectively. At current prices, shares in Brickworks trade at an 11% discount to our fair value estimate, while Soul Patts trades at a 2% premium.
Soul Patts total returns to shareholders has exceeded the comparable All Ordinaries Accumulation index for the past 20 years.
Soul Patts past successes are no guarantee that future capital allocation will be as value accretive.
|
Metric
|
SOL
|
WES
|
BRK.B
|
|---|---|---|---|
Price/Earnings (Normalized) | 22.62 | 30.57 | 23.37 |
Price/Book Value | 1.39 | 9.38 | 1.63 |
Price/Sales | 21.26 | 1.83 | 2.45 |
Price/Cash Flow | 29.19 | 17.51 | 24.61 |
|
Metric
|
SOL
|
WES
|
BRK.B
|
|---|---|---|---|
Quick Ratio | 2.90 | 0.37 | — |
Current Ratio | 3.31 | 1.14 | — |
Interest Coverage | 10.45 | 9.85 | 17.49 |
|
Metric
|
SOL
|
WES
|
BRK.B
|
|---|---|---|---|
Return on Assets (Normalized) | 4.81% | 9.45% | 3.96% |
Return on Equity (Normalized) | 5.48% | 30.34% | 7.51% |
Return on Invested Capital (Normalized) | 3.42% | 14.33% | 6.66% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
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United States