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BMN

Bannerman EnergyASX:BMN Stock Report

Market Cap

AU$427.7m

7D

-4.1%

1Y

914.3%

Updated

21 Oct, 2021

Data

Company Financials +
BMN fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

BMN Overview

Bannerman Energy Ltd engages in the exploration and development of uranium properties in Namibia, Southern Africa.

Bannerman Energy Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Bannerman Energy
Historical stock prices
Current Share PriceAU$0.35
52 Week HighAU$0.033
52 Week LowAU$0.43
Beta2.28
1 Month Change14.52%
3 Month Change144.83%
1 Year Change914.29%
3 Year Change725.58%
5 Year Change914.29%
Change since IPO373.33%

Recent News & Updates

Aug 13
We're Hopeful That Bannerman Energy (ASX:BMN) Will Use Its Cash Wisely

We're Hopeful That Bannerman Energy (ASX:BMN) Will Use Its Cash Wisely

We can readily understand why investors are attracted to unprofitable companies. Indeed, Bannerman Energy ( ASX:BMN...

Apr 28
We're Not Very Worried About Bannerman Resources' (ASX:BMN) Cash Burn Rate

We're Not Very Worried About Bannerman Resources' (ASX:BMN) Cash Burn Rate

Just because a business does not make any money, does not mean that the stock will go down. For example, Bannerman...

Jan 05
We Think Bannerman Resources (ASX:BMN) Can Afford To Drive Business Growth

We Think Bannerman Resources (ASX:BMN) Can Afford To Drive Business Growth

We can readily understand why investors are attracted to unprofitable companies. For example, Bannerman Resources...

Shareholder Returns

BMNAU Oil and GasAU Market
7D-4.1%-2.2%0.7%
1Y914.3%44.0%21.4%

Return vs Industry: BMN exceeded the Australian Oil and Gas industry which returned 48.3% over the past year.

Return vs Market: BMN exceeded the Australian Market which returned 21.1% over the past year.

Price Volatility

Is BMN's price volatile compared to industry and market?
BMN volatility
BMN Beta2.28
Industry Beta1.29
Market Beta1

Stable Share Price: BMN is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 19% a week.

Volatility Over Time: BMN's weekly volatility (19%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
2005n/aBrandon Munrohttps://bannermanenergy.com

Bannerman Energy Ltd engages in the exploration and development of uranium properties in Namibia, Southern Africa. Its principal property is its 95% owned Etango Project located in the Erongo uranium mining region of Namibia. The company was formerly known as Bannerman Resources Limited and changed its name to Bannerman Energy Ltd in July 2021.

Bannerman Energy Fundamentals Summary

How do Bannerman Energy's earnings and revenue compare to its market cap?
BMN fundamental statistics
Market CapAU$427.71m
Earnings (TTM)-AU$2.25m
Revenue (TTM)n/a

0x

P/S Ratio

-189.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BMN income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$2.25m
Earnings-AU$2.25m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0019
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0%

How did BMN perform over the long term?

See historical performance and comparison

Valuation

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

6.44x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: BMN is unprofitable, so we can't compare its PE Ratio to the Australian Oil and Gas industry average.

PE vs Market: BMN 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 BMN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BMN is overvalued based on its PB Ratio (6.4x) compared to the AU Oil and Gas industry average (2.5x).


Future Growth

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

-41.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BMN is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: BMN is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: BMN is forecast to remain unprofitable over the next 3 years.

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

High Growth Revenue: BMN is forecast to have no revenue next year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Past Performance

How has Bannerman Energy performed over the past 5 years?

-8.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BMN is currently unprofitable.

Growing Profit Margin: BMN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BMN is unprofitable, and losses have increased over the past 5 years at a rate of 8.5% per year.

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

Earnings vs Industry: BMN is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-50.5%).


Return on Equity

High ROE: BMN has a negative Return on Equity (-3.43%), as it is currently unprofitable.


Financial Health

How is Bannerman Energy's financial position?


Financial Position Analysis

Short Term Liabilities: BMN's short term assets (A$12.5M) exceed its short term liabilities (A$304.0K).

Long Term Liabilities: BMN's short term assets (A$12.5M) exceed its long term liabilities (A$295.0K).


Debt to Equity History and Analysis

Debt Level: BMN is debt free.

Reducing Debt: BMN had no debt 5 years ago.


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: BMN has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: BMN has sufficient cash runway for 1.3 years if free cash flow continues to grow at historical rates of 12.6% each year.


Dividend

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


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if BMN'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 BMN'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?

8.9yrs

Average board tenure


CEO

Brandon Munro

5.58yrs

Tenure

AU$617,765

Compensation

Mr. Brandon Mackay Munro, LLB, Econ, Grad Dip App Fin & Inv, GAICD, F.Fin, has been the Chief Executive Officer and Managing Director at Bannerman Energy Ltd (formerly known as Bannerman Resources Limited)...


CEO Compensation Analysis

Compensation vs Market: Brandon's total compensation ($USD462.64K) is below average for companies of similar size in the Australian market ($USD734.81K).

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


Board Members

Experienced Board: BMN's board of directors are considered experienced (8.9 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: BMN insiders have only sold shares 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 13.8%.


Top Shareholders

Company Information

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


Key Information

  • Name: Bannerman Energy Ltd
  • Ticker: BMN
  • Exchange: ASX
  • Founded: 2005
  • Industry: Coal and Consumable Fuels
  • Sector: Energy
  • Market Cap: AU$427.710m
  • Shares outstanding: 1.20b
  • Website: https://bannermanenergy.com

Number of Employees


Location

  • Bannerman Energy Ltd
  • 245 Churchill Avenue
  • Suite 7
  • Subiaco
  • Western Australia
  • 6008
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 18:12
End of Day Share Price2021/10/21 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.