ASX:BAT

Stock Analysis Report

Executive Summary

Battery Minerals Limited operates as a diversified mining development and minerals exploration company.


Snowflake Analysis

Excellent balance sheet with limited growth.


Similar Companies

Share Price & News

How has Battery Minerals's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BAT has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

14.3%

BAT

0.8%

AU Metals and Mining

0.7%

AU Market


1 Year Return

-70.4%

BAT

6.2%

AU Metals and Mining

15.5%

AU Market

Return vs Industry: BAT underperformed the Australian Metals and Mining industry which returned 6.2% over the past year.

Return vs Market: BAT underperformed the Australian Market which returned 15.5% over the past year.


Shareholder returns

BATIndustryMarket
7 Day14.3%0.8%0.7%
30 Day0%-5.1%0.8%
90 Day33.3%5.9%6.1%
1 Year-70.4%-70.4%11.7%6.2%20.6%15.5%
3 Year-92.0%-92.0%55.5%36.4%38.1%19.7%
5 Year-87.3%-87.3%85.7%41.9%51.8%17.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

0.36x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: BAT is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

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


Price to Book Ratio

PB vs Industry: BAT is good value based on its PB Ratio (0.4x) compared to the AU Metals and Mining industry average (1.4x).


Next Steps

Future Growth

How is Battery Minerals forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

55.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: BAT's revenue (66.2% per year) is forecast to grow faster than the Australian market (4.1% per year).

High Growth Revenue: BAT's revenue (66.2% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BAT's Return on Equity is forecast to be low in 3 years time (19.2%).


Next Steps

Past Performance

How has Battery Minerals performed over the past 5 years?

-23.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BAT is currently unprofitable.

Growing Profit Margin: BAT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BAT is unprofitable, and losses have increased over the past 5 years at a rate of -23.5% per year.

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

Earnings vs Industry: BAT is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (16.7%).


Return on Equity

High ROE: BAT has a negative Return on Equity (-83.48%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Battery Minerals's financial position?


Financial Position Analysis

Short Term Liabilities: BAT's short term assets (A$7.1M) exceed its short term liabilities (A$1.2M).

Long Term Liabilities: BAT has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: BAT is debt free.

Reducing Debt: BAT has not had any debt for past 5 years.


Balance Sheet

Inventory Level: BAT has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if BAT's debt is covered by short term assets.


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: BAT has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: BAT has sufficient cash runway for 1.9 years if free cash flow continues to reduce at historical rates of -40.7% each year.


Next Steps

Dividend

What is Battery Minerals's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

1.3yrs

Average management tenure


CEO

Battery Minerals has no CEO, or we have no data on them.


Leadership Team

NamePositionTenureCompensationOwnership
Nick Day
CFO & Joint Company Secretary1.3yrsAU$291.54kno data
Ben Van Roon
Chief Operating Officer2.5yrsAU$366.58kno data
Anthony Walsh
GM of Special Projects & Joint Company Secretary3yrsAU$285.01k0.064% A$6.8k
Jackie Rose
Administration Manager0yrsno datano data
Naomi Scott
General Counsel & Country Director of Mozambique0.3yrsno datano data
Nick Stephens
Head of Marketing1.3yrsno datano data
Graham Fyfe
Chief Development Officer0.3yrsno datano data

1.3yrs

Average Tenure

Experienced Management: BAT's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Jeffrey Dowling
Lead Independent Director0.8yrsAU$136.49k0.15% A$16.0k
David Flanagan
Non-Executive Chairman0.8yrsAU$1.05m0.53% A$56.0k
Jeremy Sinclair
Non-Executive Director0.8yrsno data0.30% A$32.0k

0.8yrs

Average Tenure

Experienced Board: BAT's board of directors are not considered experienced ( 0.8 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: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 85.8%.


Top Shareholders

Company Information

Battery Minerals Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Battery Minerals Limited
  • Ticker: BAT
  • Exchange: ASX
  • Founded: 2011
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$10.545m
  • Shares outstanding: 1.32b
  • Website: https://www.batteryminerals.com

Location

  • Battery Minerals Limited
  • 10 Ord Street
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BATCHIA (Chi-X Australia)NPV AUAUDNo data
BATASX (Australian Securities Exchange)NPV AUAUDNo data
BATASX (Australian Securities Exchange)YesOrdinary SharesAUAUDOct 2012
BATCHIA (Chi-X Australia)YesOrdinary SharesAUAUDOct 2012
0FSDB (Deutsche Boerse AG)YesOrdinary SharesDEEUROct 2012
BTRY.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDOct 2012

Biography

Battery Minerals Limited operates as a diversified mining development and minerals exploration company. It primarily explores for graphite deposits. The company has interests in the Montepuez project and Balama Central projects located in Mozambique. It also engages in investing and corporate management activities in Australia. The company was formerly known as Metals of Africa Limited and changed its name to Battery Minerals Limited in December 2016. Battery Minerals Limited was incorporated in 2011 and is based in West Perth, Australia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/21 10:42
End of Day Share Price2020/02/20 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.