Brambles (BXB) – Road trip review
September 19, 2024
Brambles operates as a supply-chain logistics company. It operates through CHEP North America and Latin America; CHEP Europe, Middle East, Africa, and India; and CHEP Australia, New Zealand and Asia. The company engages in the pooling of unit-load equipment and associated services, focusing on the outsourced management of pallets, crates, and containers. It serves customers in the fast-moving consumer goods, fresh produce, beverage, retail, and general manufacturing industries. Brambles was founded in 1875 and is based in Sydney, Australia.
Brambles is currently conducting an investor tour in the US, where management outlined plans to leverage business momentum, further investing in automation/digital assets, and set achievable financial targets. The company has also identified significant whitespace opportunities to convert new customers to its ‘share and reuse’ model in the following key growth markets:
- US: Up to 60% new business volume growth potential
- Germany: 70% growth potential
- Italy: 70% growth potential
FY25 guidance assumes 1% volume for new business wins, with a slight improvement to 1–2% per annum from FY26 as whitewood prices recover and customers recognise the benefits of the pooling program.
Insights that count
Discover the best opportunities to outperform the market. Our research team dig deep into the market, company and stock data to bring you insights others might overlook.
NIB Holdings (NHF) - Upside on offer
NIB Holdings engages in the underwriting and distribution of private health, life, and living insurance to residents, international students, and visitors in Australia and New Zealand.
Westgold Resources (WGX) - Gold in the west
Westgold Resources is a gold explorer and producer whose assets are primarily in Western Australia.
ALS Ltd (ALQ) - First-half softness
ALS provides professional technical services primarily in the areas of testing, measurement, and inspection in Africa, Asia/Pacific, Europe, the Middle East, and the Americas.
