BSA (ASX:BSA) - Share price, News & Analysis

BSA fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	5/6
Past Performance	0/6
Financial Health	1/6
Dividends	2/6

BSA Stock Overview

BSA Limited, together with its subsidiaries, provides services for communications and utilities infrastructure, and property solutions in Australia.

Rewards

Trading at 92% below our estimate of its fair value

Earnings are forecast to grow 107.47% per year

Risk Analysis

Debt is not well covered by operating cash flow

Dividend of 12.5% is not well covered by earnings or forecast to be in the next 3 years

Volatile share price over the past 3 months

Shareholders have been diluted in the past year

+ 1 more risk

BSA Competitors

Openn Negotiation

ASX:OPN

AU$38.8m

AVADA Group

ASX:AVD

AU$55.7m

Ai-Media Technologies

ASX:AIM

AU$84.6m

Straker Translations

ASX:STG

AU$73.6m

Price History & Performance

Summary of all time highs, changes and price drops for BSA
Historical stock prices
Current Share Price	AU$0.08
52 Week High	AU$0.33
52 Week Low	AU$0.078
Beta	0.78
1 Month Change	-6.98%
3 Month Change	-52.94%
1 Year Change	-75.39%
3 Year Change	-70.91%
5 Year Change	-75.76%
Change since IPO	-89.47%

Shareholder Returns

	BSA	AU Commercial Services	AU Market
7D	-1.2%	-0.2%	-0.4%
1Y	-75.4%	0.8%	-1.1%

Return vs Industry: BSA underperformed the Australian Commercial Services industry which returned 0.8% over the past year.

Return vs Market: BSA underperformed the Australian Market which returned -1.1% over the past year.

Price Volatility

Is BSA's price volatile compared to industry and market?
BSA volatility
BSA Average Weekly Movement	15.4%
Commercial Services Industry Average Movement	7.4%
Market Average Movement	9.3%
10% most volatile stocks in AU Market	16.4%
10% least volatile stocks in AU Market	4.2%

Stable Share Price: BSA is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 15% a week.

Volatility Over Time: BSA's weekly volatility has increased from 9% to 15% over the past year.

About the Company

Founded	Employees	CEO	Website
1999	n/a	Arno Becker	https://www.bsa.com.au

BSA Limited, together with its subsidiaries, provides services for communications and utilities infrastructure, and property solutions in Australia. It operates through Communications & Utility Infrastructure (CUI), and Advanced Property Solutions (APS) segments. The CUI segment engages in the delivery of bundled services over fixed line and wireless networks; and installation of subscription television and smart meters to the telecommunications, subscription television and utility industries.

BSA Fundamentals Summary

How do BSA's earnings and revenue compare to its market cap?
BSA fundamental statistics
Market Cap	AU$44.53m
Earnings (TTM)	-AU$20.87m
Revenue (TTM)	AU$422.78m

0.1x

P/S Ratio

-2.2x

P/E Ratio

Is BSA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
BSA income statement (TTM)
Revenue	AU$422.78m
Cost of Revenue	AU$394.27m
Gross Profit	AU$28.51m
Other Expenses	AU$49.38m
Earnings	-AU$20.87m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	-0.037
Gross Margin	6.74%
Net Profit Margin	-4.94%
Debt/Equity Ratio	1,820.3%

How did BSA perform over the long term?

See historical performance and comparison

Dividends

12.5%

Current Dividend Yield

-10%

Payout Ratio

New valuation analysis is now available for all ASX stocks. This is in beta.

Future Growth

How is BSA forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

5/6

Future Growth Score 5/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

107.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: BSA is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.8%).

Earnings vs Market: BSA is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: BSA's is expected to become profitable in the next 3 years.

Revenue vs Market: BSA's revenue (10.7% per year) is forecast to grow faster than the Australian market (4.9% per year).

High Growth Revenue: BSA's revenue (10.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: BSA's Return on Equity is forecast to be high in 3 years time (34.3%)

Past Performance

How has BSA performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-23.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BSA is currently unprofitable.

Growing Profit Margin: BSA is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: BSA is unprofitable, and losses have increased over the past 5 years at a rate of 23.7% per year.

Accelerating Growth: Unable to compare BSA's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BSA is unprofitable, making it difficult to compare its past year earnings growth to the Commercial Services industry (3.7%).

Return on Equity

High ROE: BSA has a negative Return on Equity (-4606.84%), as it is currently unprofitable.

Financial Health

How is BSA's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: BSA's short term assets (A$83.3M) do not cover its short term liabilities (A$96.7M).

Long Term Liabilities: BSA's short term assets (A$83.3M) exceed its long term liabilities (A$26.1M).

Debt to Equity History and Analysis

Debt Level: BSA's net debt to equity ratio (1060.7%) is considered high.

Reducing Debt: BSA's debt to equity ratio has increased from 1.6% to 1820.3% over the past 5 years.

Debt Coverage: BSA's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if BSA's interest payments on its debt are well covered by EBIT.

Balance Sheet

Dividend

What is BSA current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

12.50%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: BSA's dividend (12.5%) is higher than the bottom 25% of dividend payers in the Australian market (2.6%).

High Dividend: BSA's dividend (12.5%) is in the top 25% of dividend payers in the Australian market (6.23%)

Stability and Growth of Payments

Stable Dividend: BSA's dividend payments have been volatile in the past 10 years.

Growing Dividend: BSA's dividend payments have fallen over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: BSA is paying a dividend but the company is unprofitable.

Cash Payout to Shareholders

Cash Flow Coverage: BSA is paying a dividend but the company has no free cash flows.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.5yrs

Average management tenure

CEO

Arno Becker

2.17yrs

Tenure

AU$386,387

Compensation

Mr. Arno Becker serves as Group Chief Financial Officer at BSA Limited since March 9, 2020 and serves as its Interim Chief Executive Officer since April 06, 2022. Mr. Becker’s responsibilities cover the f...

CEO Compensation Analysis

Compensation vs Market: Arno's total compensation ($USD273.37K) is about average for companies of similar size in the Australian market ($USD289.66K).

Compensation vs Earnings: Arno's compensation has increased whilst the company is unprofitable.

Leadership Team

Experienced Management: BSA's management team is considered experienced (3.5 years average tenure).

Board Members

Experienced Board: BSA's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: BSA insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 31.7%.

Data	Last Updated (UTC time)
Company Analysis	2022/05/26 00:00
End of Day Share Price	2022/05/26 00:00
Earnings	2021/12/31
Annual Earnings	2021/06/30