Blue Star Helium Valuation

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

Valuation Score

4/6

Valuation Score 4/6

Below Fair Value
Significantly Below Fair Value
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: BNL (A$0.01) is trading below our estimate of fair value (A$574.73)

Significantly Below Fair Value: BNL is trading below fair value by more than 20%.

Key Valuation Metric

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

Key metric: As BNL barely has revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for BNL. This is calculated by dividing BNL's market cap by their current book value.
What is BNL's PB Ratio?
PB Ratio	1.1x
Book	AU$10.87m
Market Cap	AU$12.16m

BNL 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/Revenue	2689.5x
Enterprise Value/EBITDA	-2.2x
PEG Ratio	n/a

Price to Book Ratio vs Peers

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

The above table shows the PB ratio for BNL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PB	Estimated Growth	Market Cap
Peer Average	1.2x
GRV Greenvale Energy	1.7x	n/a	AU$13.3m
BTE Botala Energy	0.8x	n/a	AU$12.0m
ATS Australis Oil & Gas	0.2x	n/a	AU$12.9m
FZR Fitzroy River	2.3x	n/a	AU$13.0m
BNL Blue Star Helium	1.1x	n/a	AU$12.2m

Price-To-Book vs Peers: BNL is good value based on its Price-To-Book Ratio (1.1x) compared to the peer average (1.2x).

Price to Book Ratio vs Industry

How does BNL's PB Ratio compare vs other companies in the AU Oil and Gas Industry?

6 Companies	Price / Book	Estimated Growth	Market Cap
BLU Blue Energy	0.2x	109.7%	US$9.67m
ATS Australis Oil & Gas	0.2x	n/a	US$8.42m
AJQ Armour Energy	0.2x	n/a	US$6.72m
BME Black Mountain Energy	0.07x	n/a	US$2.00m

6 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Book vs Industry: BNL is good value based on its Price-To-Book Ratio (1.1x) compared to the Australian Oil and Gas industry average (1.3x).

Price to Book Ratio vs Fair Ratio

What is BNL'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.

BNL PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	1.1x
Fair PB Ratio	n/a

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

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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