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BME

Black Mountain Energy ASX:BME Stock Report

Last Price

AU$0.098

Market Cap

AU$25.0m

7D

0%

1Y

n/a

Updated

26 Jun, 2022

Data

Company Financials
BME fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

BME Stock Overview

Black Mountain Energy Ltd, an energy and resources company, focuses on the exploration, development, and production of natural gas in Western Australia.

Black Mountain Energy Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Black Mountain Energy
Historical stock prices
Current Share PriceAU$0.098
52 Week HighAU$0.17
52 Week LowAU$0.095
Beta0
1 Month Change-27.41%
3 Month Change-24.62%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-32.41%

Recent News & Updates

Apr 14
We Think Black Mountain Energy (ASX:BME) Can Easily Afford To Drive Business Growth

We Think Black Mountain Energy (ASX:BME) Can Easily Afford To Drive Business Growth

We can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made...

Shareholder Returns

BMEAU Oil and GasAU Market
7D0%-4.7%1.4%
1Yn/a21.3%-11.3%

Return vs Industry: Insufficient data to determine how BME performed against the Australian Oil and Gas industry.

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

Price Volatility

Is BME's price volatile compared to industry and market?
BME volatility
BME Average Weekly Movement9.0%
Oil and Gas Industry Average Movement11.5%
Market Average Movement9.7%
10% most volatile stocks in AU Market16.3%
10% least volatile stocks in AU Market4.2%

Stable Share Price: BME is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 9% a week.

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

About the Company

FoundedEmployeesCEOWebsite
20072Rhett Bennetthttps://www.blackmountainenergy.com

Black Mountain Energy Ltd, an energy and resources company, focuses on the exploration, development, and production of natural gas in Western Australia. Its key asset is the 100% working interest in petroleum exploration permit EP 371, known as Project Valhalla, which covers an area of 3,660 square kilometers area located in the Fitzroy Trough in the Canning Basin, Western Australia. The company was founded in 2007 and is based in Perth, Australia.

Black Mountain Energy Fundamentals Summary

How do Black Mountain Energy's earnings and revenue compare to its market cap?
BME fundamental statistics
Market CapAU$24.99m
Earnings (TTM)-AU$1.59m
Revenue (TTM)n/a

0.0x

P/S Ratio

-15.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BME income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
Other ExpensesAU$1.59m
Earnings-AU$1.59m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0062
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did BME perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is BME undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BME?

Other financial metrics that can be useful for relative valuation.

BME key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDA-11x
PEG Ration/a

Price to Book Ratio vs Peers

How does BME's PB Ratio compare to its peers?

BME PB Ratio vs Peers
The above table shows the PB ratio for BME vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average2.2x
NGY NuEnergy Gas
1xn/aAU$25.2m
OEX Oilex
3.1xn/aAU$24.7m
ROG Red Sky Energy
3.3xn/aAU$26.5m
AXP AXP Energy
1.3xn/aAU$29.1m
BME Black Mountain Energy
0.5xn/aAU$25.0m

Price-To-Book vs Peers: BME is good value based on its Price-To-Book Ratio (0.5x) compared to the peer average (2.2x).


Price to Earnings Ratio vs Industry

How does BME's PE Ratio compare vs other companies in the Australian Oil and Gas Industry?

Price-To-Book vs Industry: BME is good value based on its Price-To-Book Ratio (0.5x) compared to the Australian Oil and Gas industry average (1.7x)


Price to Book Ratio vs Fair Ratio

What is BME's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BME PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.5x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate BME's Price-To-Book Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of BME when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate BME's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate BME's fair value for valuation analysis.


Price to Earnings Growth Ratio

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


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


13.9%

Forecasted Energy 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 Black Mountain Energy 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.


Discover growth companies

  • Examine Black Mountain Energy's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • Black Mountain Energy competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Black Mountain Energy 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


39.1%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: BME is currently unprofitable.

Growing Profit Margin: BME is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if BME's year-on-year earnings growth rate was positive over the past 5 years.

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

Earnings vs Industry: BME is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (299.7%).


Return on Equity

High ROE: BME has a negative Return on Equity (-3.2%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Black Mountain Energy's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: BME's short term assets (A$10.2M) exceed its short term liabilities (A$563.0K).

Long Term Liabilities: BME's short term assets (A$10.2M) exceed its long term liabilities (A$2.7M).


Debt to Equity History and Analysis

Debt Level: BME is debt free.

Reducing Debt: BME has not had any debt for 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: BME has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: BME has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 125.9% each year


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Dividend

What is Black Mountain Energy current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

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

High Dividend: Unable to evaluate BME'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 BME's dividends per share have been stable in the past.

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


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as BME has not reported any payouts.


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Management

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

0.7yrs

Average board tenure


CEO

Rhett Bennett

no data

Tenure

AU$125,735

Compensation

Mr. John Rhett Christian Miles Bennett, CFA, serves as Chief Executive Officer and Executive Chairman of Black Mountain Energy Ltd. He serves as Chairman of the Board and Chief Executive Officer at Black M...


CEO Compensation Analysis

Compensation vs Market: Rhett's total compensation ($USD87.39K) is below average for companies of similar size in the Australian market ($USD288.24K).

Compensation vs Earnings: Insufficient data to compare Rhett's compensation with company performance.


Board Members

Experienced Board: BME's board of directors are not considered experienced ( 0.7 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: BME only recently listed within the past 12 months.


Top Shareholders

Company Information

Black Mountain Energy Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: Black Mountain Energy Ltd
  • Ticker: BME
  • Exchange: ASX
  • Founded: 2007
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Implied Market Cap: AU$24.990m
  • Shares outstanding: 255.00m
  • Website: https://www.blackmountainenergy.com

Number of Employees


Location

  • Black Mountain Energy Ltd
  • 225 St Georges Terrace
  • Level 14
  • Perth
  • Western Australia
  • 6000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/06/23 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.