Underlying revenue rose 3.7%, driven by price and volume gains. Adjusted operating profit was consistent, in line with expectations. Management reiterated full-year guidance.
Bunzl is in a class of its own with its global scale, making it unlikely that another firm will be able to replicate its cost advantage over the next decade.
Acquisition multiples have seen annual growth of 10% over the past five years, threatening to reduce returns on invested capital below weighted average cost of capital.
|
Metric
|
BNZL
|
SYY
|
GWW
|
|---|---|---|---|
Price/Earnings (Normalized) | 15.62 | 17.94 | 31.40 |
Price/Book Value | 3.12 | 15.07 | 15.51 |
Price/Sales | 0.74 | 0.48 | 3.43 |
Price/Cash Flow | 10.30 | 13.05 | 24.39 |
|
Metric
|
BNZL
|
SYY
|
GWW
|
|---|---|---|---|
Quick Ratio | 0.80 | 0.73 | 1.60 |
Current Ratio | 1.38 | 1.28 | 2.81 |
Interest Coverage | — | 4.17 | 34.15 |
|
Metric
|
BNZL
|
SYY
|
GWW
|
|---|---|---|---|
Return on Assets (Normalized) | — | 8.06% | 22.16% |
Return on Equity (Normalized) | — | 99.39% | 53.36% |
Return on Invested Capital (Normalized) | — | 16.16% | 29.93% |
|
1-Day Chart
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Name
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Price
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Morningstar Rating for Stocks
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United States