BRC - The Brink's Company: Too Soon To Cash Out

2024-07-15 17:33:21 ET

Summary

• The Brink's Company stock has seen significant upside, up 25.1% in 2023 and 91.9% since 2022, outperforming the S&P 500.
• Despite strong revenue growth in 2023 and 2024, net income fell in 2023, but most financial figures are improving.
• Management forecasts revenue growth in 2024, with earnings per share expected to be between $7.30 and $8.
• This, combined with EBITDA guidance, paints a picture of a firm that's still trading on the cheap.

In this market, it's truly amazing how fast things can change. Back in late January of this year, I wrote an article about a company called The Brink's Company ( BCO ). If you are reading this article, you almost certainly have seen one of its armored trucks transporting cash. The firm provides ATM managed services, as well as digital retail solutions. This makes it an interesting type of business anyway. But when I reiterated my ‘buy’ rating on the stock earlier this year, I did not think that it would see upside that was nearly double with the broader market achieved. You see, since then, the stock is up 25.1% at a time when the S&P 500 is up 12.4%....

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