Beacon Lighting Group Limited

BLX.AX

Specialty Retail · Consumer Cyclical

Exchange

Australian Securities Exchange

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Data as of Aug 23, 2026 · filings through Dec 31, 2025

How the score breaks down

Quality

Good

Growth

Weak

Cash Flow

Exceptional

Stability

Good

Valuation

Good

Dividends

Good

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Winston Score History

The full picture

Beacon Lighting Group is an Australian retailer that sells lights, fans, and related home products. It operates a chain of specialty stores across Australia, selling to everyday homeowners, builders, and interior designers. The company owns the Beacon Lighting brand, which is one of the most recognized lighting retail names in Australia.

Beacon makes money by selling products directly to customers through its physical stores and its online shop. It operates almost entirely in Australia, with a small wholesale business that supplies lighting products to trade customers like builders and electricians. The company's wide product range and strong brand recognition give it an edge over smaller competitors, but its main risk is that sales depend heavily on housing activity — when fewer homes are being built or renovated, people buy fewer lights and fans.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-1.3% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-3.4% YoY

YoY Growth Rate

Earnings declining

Insider Activity

67.5%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

A$80M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

Beacon Lighting Group Limited's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale

Gross Margin

69.1%

Premium pricing power — 69.1% gross margin

Profit after running costs

Operating Margin

15.2%

Healthy — 15.2% operating margin

Return on the money invested

ROCE

12.4%

Good — 12.4% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth

Sales YoY

+0.7%

Nearly flat sales (+0.7% YoY)

Profit growth

EPS YoY

-5.4%

Earnings shrinking (-5.4% YoY)

Slight earnings drop. Typical near a cyclical low.

How steady the profit is

EPS Consistency

1/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash

Cash Conversion

209%

Turns 209% of profit into real cash

Spare cash per sale

FCF Margin

14.5%

Converts sales into free cash efficiently (14.5%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

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Stability

What it owes vs what it owns

Debt / Equity

0.92

Moderate — manageable debt (0.92)

Covers its interest

Interest Cover

5.13x

Adequate interest coverage (5.1x)

Interest coverage between 3 and 8. Profits cover interest several times over.

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Valuation

Price vs profit

P/E Ratio (TTM)

13.9x

no trend

Attractive valuation — P/E 13.9

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year

P/E vs Forward

+0.1

GROWING

Earnings roughly flat

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Dividends

Dividend

Dividend Yield

4.78%

no trend

Healthy income — 4.78% yield

Generous yield. Worth checking whether the payout is sustainable.

Dividend record

Dividend Growth

-8.6%

no trend

Dividend cut (-8.6% YoY) — warning sign

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