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BTN

ButnASX:BTN Stock Report

Market Cap

AU$55.2m

7D

-5.6%

1Y

n/a

Updated

18 Oct, 2021

Data

Company Financials
BTN fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

BTN Overview

Butn Limited provides transactional funding to small and medium enterprises in Australia.

Butn Competitors

Earlypay

ASX:EPY

AU$127.2m

Commonwealth Bank of Australia

ASX:CBA

AU$174.4b

HSBC Holdings

LSE:HSBA

UK£87.9b

National Australia Bank

ASX:NAB

AU$93.9b

Price History & Performance

Summary of all time highs, changes and price drops for Butn
Historical stock prices
Current Share PriceAU$0.34
52 Week HighAU$0.32
52 Week LowAU$0.55
Beta0
1 Month Change-13.92%
3 Month Change-26.88%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-32.00%

Recent News & Updates

Shareholder Returns

BTNAU Diversified FinancialAU Market
7D-5.6%2.2%0.9%
1Yn/a12.9%20.2%

Return vs Industry: Insufficient data to determine how BTN performed against the Australian Diversified Financial industry.

Return vs Market: Insufficient data to determine how BTN performed against the Australian Market.

Price Volatility

Is BTN's price volatile compared to industry and market?
BTN volatility
BTN Beta0
Industry Beta0.92
Market Beta1

Stable Share Price: BTN is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: Insufficient data to determine BTN's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
2015n/aWalter Rapoporthttps://www.butn.co

Butn Limited provides transactional funding to small and medium enterprises in Australia. Its products include Butn Pay, a solution that allows organizations to pay for goods and services, and choose the repayment terms; Butn Now, a solution for businesses to claim their commissions instantly; Butn X, a solution that helps customers to get paid as soon as the goods and services are delivered with advanced payments; and Butn Plus, a solution that enables businesses to avail secured business loans. The company was founded in 2015 and is headquartered in Caulfield North, Australia.

Butn Fundamentals Summary

How do Butn's earnings and revenue compare to its market cap?
BTN fundamental statistics
Market CapAU$55.21m
Earnings (TTM)-AU$5.26m
Revenue (TTM)AU$1.33m

40.9x

P/S Ratio

-10.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BTN income statement (TTM)
RevenueAU$1.33m
Cost of RevenueAU$0
Gross ProfitAU$1.33m
ExpensesAU$6.59m
Earnings-AU$5.26m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.033
Gross Margin100.00%
Net Profit Margin-394.97%
Debt/Equity Ratio1,300.3%

How did BTN perform over the long term?

See historical performance and comparison

Valuation

Is Butn undervalued compared to its fair value and its price relative to the market?

15.13x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate BTN's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate BTN's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: BTN is unprofitable, so we can't compare its PE Ratio to the Australian Diversified Financial industry average.

PE vs Market: BTN is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BTN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BTN is overvalued based on its PB Ratio (15.1x) compared to the AU Diversified Financial industry average (1.2x).


Future Growth

How is Butn forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-19.0%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Butn has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Butn performed over the past 5 years?

-1,366.0%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: BTN is currently unprofitable.

Growing Profit Margin: BTN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if BTN's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

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

Earnings vs Industry: BTN is unprofitable, making it difficult to compare its past year earnings growth to the Diversified Financial industry (-19%).


Return on Equity

High ROE: BTN has a negative Return on Equity (-146.21%), as it is currently unprofitable.


Financial Health

How is Butn's financial position?


Financial Position Analysis

Short Term Liabilities: BTN's short term assets (A$46.2M) exceed its short term liabilities (A$10.8M).

Long Term Liabilities: BTN's short term assets (A$46.2M) exceed its long term liabilities (A$38.9M).


Debt to Equity History and Analysis

Debt Level: BTN's debt to equity ratio (1300.3%) is considered high.

Reducing Debt: Insufficient data to determine if BTN's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: BTN has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: BTN has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 49.3% each year


Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate BTN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BTN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BTN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BTN's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BTN's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

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

1.1yrs

Average management tenure


CEO

Walter Rapoport

1.08yrs

Tenure

AU$305,145

Compensation

Mr. Walter Rapoport is the Co-Founder of Butn Limited and serves as Joint CEO since September 2020 & Executive Director since September 9, 2020. Mr. Rapoport graduated from Monash University with a Bachelo...


CEO Compensation Analysis

Compensation vs Market: Walter's total compensation ($USD226.49K) is about average for companies of similar size in the Australian market ($USD302.72K).

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


Leadership Team

Experienced Management: BTN's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.


Board Members

Experienced Board: BTN's board of directors are not considered experienced ( 1.1 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: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: BTN only recently listed within the past 12 months.


Top Shareholders

Company Information

Butn Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Butn Limited
  • Ticker: BTN
  • Exchange: ASX
  • Founded: 2015
  • Industry: Specialized Finance
  • Sector: Diversified Financials
  • Market Cap: AU$55.210m
  • Shares outstanding: 160.03m
  • Website: https://www.butn.co

Location

  • Butn Limited
  • 229 Balaclava Rd
  • Suite 10
  • Caulfield North
  • Victoria
  • 3161
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 07:02
End of Day Share Price2021/10/18 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.