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Breville Group
(Sydney:BRG)
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Rating:72Outperform
Price Target:
AU$35.00
▲(6.54% Upside)
Action:Upgraded
Date:08/20/26
The score is driven primarily by strong underlying financial quality (low leverage, solid profitability, and strong growth) and a generally constructive earnings-call outlook backed by strategic execution and balance-sheet capacity. This is offset by margin/cash-flow volatility, a relatively expensive valuation (high P/E with modest yield), and only neutral near-term technical momentum.
Positive Factors
Broad-based revenue growth and international expansion
Sustained growth across the Americas, EMEA and APAC, combined with rapid direct-market expansion, broadens Breville’s revenue base and reduces reliance on any single geography or channel over the medium term.
Negative Factors
Margin volatility and weaker full-year gross margin
Variable gross margins indicate ongoing sensitivity to sourcing, freight, materials and pricing conditions. This can make earnings less predictable and may limit the conversion of revenue growth into durable profit growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Broad-based revenue growth and international expansion
Sustained growth across the Americas, EMEA and APAC, combined with rapid direct-market expansion, broadens Breville’s revenue base and reduces reliance on any single geography or channel over the medium term.
Read all positive factors
Breville Group (BRG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$4.58B
Dividend Yield1.19%
Average Volume (3M)398.78K
Price to Earnings (P/E)33.1
Beta (1Y)1.36
Revenue Growth6.74%
EPS Growth1.18%
CountryAU
Employees1,239
SectorConsumer Cyclical
Sector Strength84
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)0.96
Shares Outstanding145,872,420
10 Day Avg. Volume474,336
30 Day Avg. Volume398,780
Financial Highlights & Ratios
PEG Ratio31.92
Price to Book (P/B)4.41
Price to Sales (P/S)2.58
P/FCF Ratio26.40
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$37.11Price Target Upside12.98% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
EPS Forecast (FY)1.06
Revenue Forecast (FY)AU$1.94B
Breville Group Business Overview & Revenue Model
Company Description
Established in 1957 and headquartered in Alexandria, Australia, Breville Group Limited operates as a worldwide developer, manufacturer, marketer, and distributor of small electrical household appliances. The company's diverse product portfolio, ac...
How the Company Makes Money
Breville Group makes money mainly by selling small kitchen appliances and related products to consumers, with revenue recognized when products are sold through its distribution channels. Its core revenue stream is the sale of branded appliances—es...
Breville Group Earnings Call Summary
Earnings Call Date:Aug 18, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Feb 15, 2027
Earnings Call Sentiment Positive
The call portrayed a predominantly positive operational and strategic position: record revenues (> $1.8B), broad-based constant currency growth (9.7%), strong retail execution (Best Buy), successful manufacturing diversification (85% of 120V GP dollars outside China), rapid expansion of new direct markets (74% growth), a solid balance sheet (net cash $104.4M), and meaningful AI‑driven productivity gains (e.g., 6.3x recipe production improvement). Offsetting these positives were persistent near‑term headwinds — tariff complexity and refunds/provisions, commodity inflation from Middle East tensions, elevated inventory (~$40M) tied to the manufacturing transition, and only 1.2% EBIT growth (below the company's normal target). Management emphasized readiness, continued investment in growth, and improving second‑half margins, indicating the positives materially outweigh the transitory challenges.Positive Updates
Record Annual Sales
Reported sales of over $1.8 billion for FY '26, with constant currency revenue growth of 9.7% and reported AUD revenue growth of 6.7% (FX dampening effect). Second half strengthened to double-digit growth in constant currency.
Negative Updates
Compressed FY Gross Margin vs Prior Year
Full-year gross margin declined slightly to 36.0% from 36.6% the prior year. While second‑half margin improved to 36.8%, the year reflected headwinds from tariffs and Middle East conflict‑led inflation in transport and materials.
Read all updates
Q4-2026 Updates
Positive
Negative
Record Annual Sales
Reported sales of over $1.8 billion for FY '26, with constant currency revenue growth of 9.7% and reported AUD revenue growth of 6.7% (FX dampening effect). Second half strengthened to double-digit growth in constant currency.
Read all positive updates
Company Guidance
Management gave no numeric FY‑27 targets on the call, saying formal guidance will be provided with the FY‑27 first half results, but outlined the planning assumptions and financial capacity: the group starts FY‑27 in a net cash position of $104.4m with significant unused debt facilities and will continue to use cash flow and the balance sheet to invest in growth assets and inventory as a mitigant to uncertainty. They noted FY‑26 delivered sales of over $1.8bn, EBIT of $207m (in line with budget/guidance), FY‑26 gross margin 36.0% (H2 margin 36.8% vs FY‑25 36.6%), global constant‑currency revenue growth 9.7% (reported AUD growth 6.7%), and highlighted structural tailwinds to FY‑27 (manufacturing diversification — 85% of 120V gross profit dollars sourced outside China, localization, annualization of 300 Best Buy store‑in‑store installs) while flagging material downside risks from a fluid U.S. tariff outlook and oil‑related inflation; they also said the IEEPA cash refund of $59.6m and related $55.2m provision leave only a minimal net FY‑26 profit impact.Breville Group Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
88
Very Positive
Cash Flow
72
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.81B | 1.70B | 1.53B | 1.48B | 1.42B |
| Gross Profit | 347.45M | 620.48M | 556.94M | 287.73M | 296.94M |
| EBITDA | 207.90M | 269.55M | 243.40M | 214.69M | 186.13M |
| Net Income | 138.13M | 135.85M | 118.51M | 110.21M | 105.72M |
Balance Sheet | |||||
| Total Assets | 1.72B | 1.48B | 1.34B | 1.37B | 1.18B |
| Cash, Cash Equivalents and Short-Term Investments | 193.36M | 105.74M | 137.77M | 84.16M | 168.26M |
| Total Debt | 153.42M | 118.46M | 155.98M | 280.49M | 222.16M |
| Total Liabilities | 656.76M | 507.50M | 492.86M | 605.19M | 564.74M |
| Stockholders Equity | 1.06B | 973.71M | 848.21M | 769.66M | 614.42M |
Cash Flow | |||||
| Free Cash Flow | 176.80M | 71.07M | 240.50M | 37.01M | -84.84M |
| Operating Cash Flow | 220.66M | 171.47M | 302.62M | 90.25M | -42.15M |
| Investing Cash Flow | -90.44M | -100.21M | -61.86M | -132.85M | -42.65M |
| Financing Cash Flow | -41.14M | -106.31M | -186.41M | -48.88M | 121.53M |
Breville Group Technical Analysis
Neutral
32.85
Price Trends
32.31
Negative
30.94
Positive
30.31
Positive
Market Momentum
-0.09
Positive
41.73
Neutral
40.72
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BRG, the sentiment is Neutral. The current price of 32.85 is below the 20-day moving average (MA) of 33.01, above the 50-day MA of 32.31, and above the 200-day MA of 30.31, indicating a neutral trend. The MACD of -0.09 indicates Positive momentum. The RSI at 41.73 is Neutral, neither overbought nor oversold. The STOCH value of 40.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:BRG.
Breville Group Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$4.58B | 33.07 | 13.12% | 1.27% | 6.74% | 1.18% | |
68 Neutral | AU$7.27B | 15.02 | 29.54% | 5.46% | 4.82% | 5.95% | |
63 Neutral | AU$326.09M | 29.90 | 23.74% | 3.65% | 4.64% | ― | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | AU$5.26B | 10.05 | 10.78% | 6.00% | 4.65% | 2.02% | |
51 Neutral | AU$561.76M | 135.57 | 3.54% | ― | 10.63% | -62.61% | |
45 Neutral | AU$345.55M | -1.16 | -22.14% | 6.38% | 30.31% | -737.99% |
* Consumer Cyclical Sector Average
AU:BRG
Breville Group
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Breville Group Corporate Events
Breville refreshes board as long-serving director retires
Aug 18, 2026
Breville Group has announced a board reshuffle, with long-serving director Dean Howell set to retire at the conclusion of the company’s annual general meeting on 5 November 2026. Howell, who spent 18 years on the board, was credited by chair...
Breville Releases FY26 Full Year Investor Presentation
Aug 18, 2026
Breville Group has released its full year investor presentation for the financial year ended 30 June 2026.The presentation, authorised by the board, provides the market with detailed information on the company’s FY26 performance, offering in...
Breville Declares Interim Dividend of AUD 0.19 Per Share
Aug 18, 2026
Breville Group Limited has declared an interim dividend of AUD 0.19 per ordinary fully paid share, relating to the six-month period ended 30 June 2026. The record date is set for 11 September 2026, with the stock trading ex-dividend from 10 Septem...
Breville files 2026 corporate governance disclosures with ASX
Aug 18, 2026
Breville Group has lodged its Appendix 4G with the ASX, outlining where investors can find the company’s corporate governance statement for the year ended 30 June 2026. The statement, included in the 2026 annual report and approved by the bo...
Breville posts higher 2026 revenue and profit, keeps dividend steady
Aug 18, 2026
Breville Group has reported a solid financial performance for the year ended 30 June 2026, with total sales revenue rising 6.7% to A$1.81 billion and net profit after tax increasing 1.7% to A$138.1 million. Earnings per share edged up 1.2% to 95.5...
Breville Performance Rights Lapse After Unmet Conditions
Jul 3, 2026
Breville Group Limited has disclosed that 19,368 performance rights, previously on issue under its equity arrangements, have lapsed after the applicable vesting conditions were not met or became incapable of being satisfied. The lapse marginally r...
Breville Reshapes Company Secretary Roles to Strengthen ASX Governance
Jul 1, 2026
Breville Group has announced a change in its corporate governance team, with Craig Robinson stepping down from his role as company secretary effective 1 July 2026. The board has appointed Luxmy Wigneswaran as a new company secretary alongside exis...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.