ASX:BKY

Stock Analysis Report

Berkeley Energia

Executive Summary

Berkeley Energia Limited engages in the exploration and development of mineral properties in Spain.

Rewards

PE ratio (2.5x) is below the Australian market (18.3x)

Became profitable this year

Risk Analysis

Earnings are forecast to decline by an average of -119.8% per year for the next 3 years

Debt is not well covered by operating cash flow

High level of non-cash earnings

Highly volatile share price over past 3 months

+ 3 more risks


Snowflake Analysis

Fair value with acceptable track record.


Similar Companies

Share Price & News

How has Berkeley Energia's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BKY's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

6.8%

BKY

1.6%

AU Oil and Gas

0.3%

AU Market


1 Year Return

38.2%

BKY

8.5%

AU Oil and Gas

17.3%

AU Market

Return vs Industry: BKY exceeded the Australian Oil and Gas industry which returned 8.5% over the past year.

Return vs Market: BKY exceeded the Australian Market which returned 17.3% over the past year.


Shareholder returns

BKYIndustryMarket
7 Day6.8%1.6%0.3%
30 Day-7.8%0.7%-1.0%
90 Day-13.0%5.8%-0.1%
1 Year38.2%38.2%13.2%8.5%23.1%17.3%
3 Year-70.1%-70.1%19.8%7.2%36.2%17.5%
5 Year-13.0%-13.0%16.2%-5.0%61.4%25.0%

Price Volatility Vs. Market

How volatile is Berkeley Energia's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

2.45x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: BKY is good value based on its PE Ratio (2.5x) compared to the Oil and Gas industry average (10.2x).

PE vs Market: BKY is good value based on its PE Ratio (2.5x) compared to the Australian market (18.3x).


Price to Earnings Growth Ratio

PEG Ratio: BKY's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: BKY is good value based on its PB Ratio (0.8x) compared to the AU Oil and Gas industry average (1.3x).


Next Steps

Future Growth

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

-119.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BKY's earnings are forecast to decline over the next 3 years (-119.8% per year).

Earnings vs Market: BKY's earnings are forecast to decline over the next 3 years (-119.8% per year).

High Growth Earnings: BKY's earnings are forecast to decline over the next 3 years.

Revenue vs Market: Insufficient data to determine if BKY's revenue is forecast to grow faster than the Australian market.

High Growth Revenue: Insufficient data to determine if BKY's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BKY is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

How has Berkeley Energia performed over the past 5 years?

43.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BKY has a high level of non-cash earnings.

Growing Profit Margin: BKY became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: BKY has become profitable over the past 5 years, growing earnings by 43.3% per year.

Accelerating Growth: BKY has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: BKY has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (68.1%).


Return on Equity

High ROE: BKY's Return on Equity (43.2%) is considered outstanding.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Berkeley Energia's financial position?


Financial Position Analysis

Short Term Liabilities: BKY's short term assets (A$98.2M) exceed its short term liabilities (A$40.3M).

Long Term Liabilities: BKY has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: BKY's debt to equity ratio (45.2%) is considered high.

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

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

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


Balance Sheet

Inventory Level: BKY has a low level of unsold assets or inventory.

Debt Coverage by Assets: BKY's debt is covered by short term assets (assets are 2.7x debt).


Next Steps

Dividend

What is Berkeley Energia's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.4%markettop25%5.6%industryaverage4.2%forecastin3Years0%

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

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

Growing Dividend: Insufficient data to determine if BKY'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 BKY's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

What is the CEO of Berkeley Energia's salary, the management and board of directors tenure and is there insider trading?

1.6yrs

Average management tenure


CEO

Robert Behets (53yo)

0.4yrs

Tenure

-AU$90,262

Compensation

Mr. Robert Arthur Behets, B.Sc. (Hons.), FAusIMM, MAIG, has been an Executive Director of Mantra Resources Limited since January 2010. Mr. Behets served as an Acting Managing Director of Papillon Resources ...


Management Age and Tenure

1.6yrs

Average Tenure

Experienced Management: BKY's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Age and Tenure

2.5yrs

Average Tenure

54yo

Average Age

Experienced Board: BKY's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellAU$77,50023 Oct 19
River and Mercantile Asset Management LLP
EntityCompany
Shares500,000
Max PriceAU$0.15
SellAU$814,68716 Sep 19
FIL Limited
EntityCompany
Shares3,331,300
Max PriceAU$0.26
SellAU$656,13704 Sep 19
FIL Limited
EntityCompany
Shares2,732,770
Max PriceAU$0.24
SellAU$775,78122 Aug 19
FIL Limited
EntityCompany
Shares2,891,829
Max PriceAU$0.27
SellAU$4,543,99712 Aug 19
FIL Limited
EntityCompany
Shares4,879,697
Max PriceAU$1.10

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 14.6%.


Management Team

  • Robert Behets (53yo)

    Acting MD & Non-Executive Director

    • Tenure: 0.4yrs
  • Francisco del Rosal

    Chief Operations Officer

    • Tenure: 0yrs
  • Casandra Alonso-Misol Gerlache

    Director & Chief Compliance Officer

    • Tenure: 0yrs
  • Dylan Browne

    Company Secretary

    • Tenure: 4.2yrs
  • Sean Wade

    Chief Commercial Officer

    • Tenure: 1.6yrs
    • Compensation: AU$638.73k

Board Members

  • Nigel Jones

    Independent Non-Executive Director

    • Tenure: 2.5yrs
    • Compensation: AU$45.00k
  • Ian Middlemas (59yo)

    Independent Chairman of the Board

    • Tenure: 7.7yrs
    • Compensation: AU$49.93k
  • Adam Charles Parker (55yo)

    Independent Non-Executive Director

    • Tenure: 2.5yrs
    • Compensation: AU$60.00k
  • Robert Behets (53yo)

    Acting MD & Non-Executive Director

    • Tenure: 0.4yrs
  • Deepankar Panigrahi (40yo)

    Non-Executive Director

    • Tenure: 2.1yrs
    • Compensation: AU$45.00k

Company Information

Berkeley Energia Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Berkeley Energia Limited
  • Ticker: BKY
  • Exchange: ASX
  • Founded:
  • Industry: Coal and Consumable Fuels
  • Sector: Energy
  • Market Cap: AU$60.772m
  • Shares outstanding: 258.61m
  • Website: https://www.berkeleyenergia.com

Number of Employees


Location

  • Berkeley Energia Limited
  • Calle Capitán Haya 1
  • Planta 15
  • Madrid
  • Madrid
  • 28020
  • Spain

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BKYASX (Australian Securities Exchange)YesOrdinary SharesAUAUDSep 2003
B5RDB (Deutsche Boerse AG)YesOrdinary SharesDEEURSep 2003
BKYLSE (London Stock Exchange)YesOrdinary SharesGBGBPSep 2003
BKLR.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDSep 2003
BKYCHIA (Chi-X Australia)YesOrdinary SharesAUAUDSep 2003
BKYEBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPSep 2003
BKYBME (Bolsas y Mercados Espanoles)YesOrdinary SharesESEURSep 2003
BKYEBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURSep 2003
BKYEBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURSep 2003

Biography

Berkeley Energia Limited engages in the exploration and development of mineral properties in Spain. The company explores for uranium, as well as battery and electric vehicle (EV) metals, including lithium, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/13 10:32
End of Day Share Price2019/12/12 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.