(BCO) Brinks - Overview
Sector: Industrials | Industry: Security & Protection Services | Exchange: NYSE (USA) | Market Cap: 4.407m USD | Total Return: 27.1% in 12m
Avg Turnover: 41.1M
EPS Trend: 72.9%
Qual. Beats: 1
Rev. Trend: 96.7%
Qual. Beats: 0
Warnings
Below Avwap Earnings
Tailwinds
No distinct edge detected
The Brink’s Company (BCO) is a global leader in secure logistics and cash management, operating across North America, Latin America, and Europe. Its core business includes armored vehicle transportation, international vaulting for high-value commodities, and comprehensive ATM managed services. The company has evolved from traditional cash-in-transit operations to integrated digital retail solutions (DRS) that utilize proprietary software and hardware to automate cash handling for merchants.
The security and alarm services sector is increasingly driven by the outsourcing of cash processing as financial institutions seek to reduce overhead costs through third-party management. Brink’s utilizes a route-based business model, where profitability is heavily influenced by density and the ability to bundle technology-driven services with physical asset transport. For a deeper look into the companys valuation metrics, consider reviewing the detailed analysis on ValueRay.
Founded in 1859 and headquartered in Richmond, Virginia, the firm rebranded from The Pittston Company in 2003. Beyond physical transport, Brink’s provides specialized services such as counterfeit detection, check imaging, and global customs clearance for precious metals and jewelry.
- Transition to high-margin digital retail solutions and ATM outsourcing accelerates EBITDA growth
- Global interest rate fluctuations impact interest expense and debt servicing capabilities
- Expansion into emerging markets increases exposure to unfavorable currency exchange rate volatility
- Labor cost inflation and fuel price changes pressure core cash-in-transit operating margins
- Strategic acquisitions in fragmented logistics markets drive inorganic revenue and market share gains
| Net Income: 180.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA 6.37 > 1.0 |
| NWC/Revenue: 21.07% < 20% (prev 18.77%; Δ 2.29% < -1%) |
| CFO/TA 0.10 > 3% & CFO 728.4m > Net Income 180.2m |
| Net Debt (2.68b) to EBITDA (877.6m): 3.06 < 3 |
| Current Ratio: 1.53 > 1.5 & < 3 |
| Outstanding Shares: last quarter (41.5m) vs 12m ago -4.60% < -2% |
| Gross Margin: 26.10% > 18% (prev 0.25%; Δ 2.58k% > 0.5%) |
| Asset Turnover: 77.78% > 50% (prev 76.29%; Δ 1.49% > 0%) |
| Interest Coverage Ratio: 2.32 > 6 (EBITDA TTM 877.6m / Interest Expense TTM 248.7m) |
| A: 0.16 (Total Current Assets 3.27b - Total Current Liabilities 2.14b) / Total Assets 7.28b |
| B: 0.04 (Retained Earnings 265.6m / Total Assets 7.28b) |
| C: 0.08 (EBIT TTM 577.8m / Avg Total Assets 6.93b) |
| D: -0.05 (Book Value of Equity -357.4m / Total Liabilities 6.88b) |
| Altman-Z'' = 1.65 = BB |
| DSRI: 1.02 (Receivables 845.0m/772.4m, Revenue 5.39b/5.02b) |
| GMI: 0.97 (GM 26.10% / 25.23%) |
| AQI: 0.93 (AQ_t 0.34 / AQ_t-1 0.37) |
| SGI: 1.07 (Revenue 5.39b / 5.02b) |
| TATA: -0.08 (NI 180.2m - CFO 728.4m) / TA 7.28b) |
| Beneish M = -3.11 (Cap -4..+1) = AA |
As of May 31, 2026, the stock is trading at USD 104.02 with a total of 364,861 shares traded.
Over the past week, the price has changed by -0.73%,
over one month by -2.85%,
over three months by -10.70% and
over the past year by +27.05%.
Brinks has received a consensus analysts rating of 4.67. Therefore, it is recommended to buy BCO.
- StrongBuy: 2
- Buy: 1
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 153 | 47.1% |
P/E Trailing = 25.0047
P/E Forward = 17.2712
P/S = 0.8177
P/B = 16.4644
P/EG = 1.1585
Revenue TTM = 5.39b USD
EBIT TTM = 577.8m USD
EBITDA TTM = 877.6m USD
Long Term Debt = 3.83b USD (from longTermDebt, last quarter)
Short Term Debt = 322.0m USD (from shortTermDebt, last quarter)
Debt = 4.78b USD (from shortLongTermDebtTotal, last quarter) + Leases 310.6m
Net Debt = 2.68b USD (calculated: Debt 4.78b - CCE 2.10b)
Enterprise Value = 7.09b USD (4.41b + Debt 4.78b - CCE 2.10b)
Interest Coverage Ratio = 2.32 (Ebit TTM 577.8m / Interest Expense TTM 248.7m)
EV/FCF = 13.03x (Enterprise Value 7.09b / FCF TTM 544.1m)
FCF Yield = 7.68% (FCF TTM 544.1m / Enterprise Value 7.09b)
FCF Margin = 10.10% (FCF TTM 544.1m / Revenue TTM 5.39b)
Net Margin = 3.34% (Net Income TTM 180.2m / Revenue TTM 5.39b)
Gross Margin = 26.10% ((Revenue TTM 5.39b - Cost of Revenue TTM 3.98b) / Revenue TTM)
Gross Margin QoQ = 25.87% (prev 27.73%)
Tobins Q-Ratio = 0.97 (Enterprise Value 7.09b / Total Assets 7.28b)
Interest Expense / Debt = 5.21% (Interest Expense 248.7m / Debt 4.78b)
Taxrate = 24.02% (11.0m / 45.8m)
NOPAT = 439.0m (EBIT 577.8m * (1 - 24.02%))
Current Ratio = 1.53 (Total Current Assets 3.27b / Total Current Liabilities 2.14b)
Debt / Equity = 18.23 (Debt 4.78b / totalStockholderEquity, last quarter 262.0m)
Debt / EBITDA = 3.06 (Net Debt 2.68b / EBITDA 877.6m)
Debt / FCF = 4.93 (Net Debt 2.68b / FCF TTM 544.1m)
Total Stockholder Equity = 265.7m (last 4 quarters mean from totalStockholderEquity)
RoA = 2.60% (Net Income 180.2m / Total Assets 7.28b)
RoE = 67.82% (Net Income TTM 180.2m / Total Stockholder Equity 265.7m)
RoCE = 14.09% (EBIT 577.8m / Capital Employed (Equity 265.7m + L.T.Debt 3.83b))
RoIC = 8.04% (NOPAT 439.0m / Invested Capital 5.46b)
WACC = 6.27% (E(4.41b)/V(9.18b) * Re(8.78%) + D(4.78b)/V(9.18b) * Rd(5.21%) * (1-Tc(0.24)))
Discount Rate = 8.78% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -85.40 | Cagr: -3.05%
[DCF] Terminal Value 77.97% ; FCFF base≈355.5m ; Y1≈407.6m ; Y5≈599.8m
[DCF] Fair Price = 154.1 (EV 9.03b - Net Debt 2.68b = Equity 6.34b / Shares 41.2m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 72.89 | EPS CAGR: 8.47% | SUE: 0.92 | # QB: 1
Revenue Correlation: 96.72 | Revenue CAGR: 3.98% | SUE: 0.65 | # QB: 0
EPS current Quarter (2026-06-30): EPS=2.05 | Chg30d=+0.33% | Revisions=+14% | Analysts=3
EPS next Quarter (2026-09-30): EPS=2.41 | Chg30d=-4.74% | Revisions=-43% | Analysts=3
EPS current Year (2026-12-31): EPS=9.24 | Chg30d=+0.62% | Revisions=+14% | GrowthEPS=+14.8% | GrowthRev=+7.6%
EPS next Year (2027-12-31): EPS=10.59 | Chg30d=+0.38% | Revisions=+14% | GrowthEPS=+14.6% | GrowthRev=+4.4%
[Analyst] Revisions Ratio: -43%