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BC8

Black Cat SyndicateASX:BC8 Stock Report

Last Price

AU$0.57

Market Cap

AU$80.3m

7D

-7.3%

1Y

-29.2%

Updated

26 Jan, 2022

Data

Company Financials
BC8 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends0/6

BC8 Stock Overview

Black Cat Syndicate Limited engages in the exploration and development of gold properties in Australia.

Black Cat Syndicate Competitors

Perseus Mining

ASX:PRU

AU$1.8b

Silver Lake Resources

ASX:SLR

AU$1.5b

Ramelius Resources

ASX:RMS

AU$1.3b

Gold Road Resources

ASX:GOR

AU$1.3b

Price History & Performance

Summary of all time highs, changes and price drops for Black Cat Syndicate
Historical stock prices
Current Share PriceAU$0.57
52 Week HighAU$0.85
52 Week LowAU$0.48
Beta0.29
1 Month Change-3.39%
3 Month Change1.79%
1 Year Change-29.19%
3 Year Change256.25%
5 Year Changen/a
Change since IPO90.00%

Recent News & Updates

Shareholder Returns

BC8AU Metals and MiningAU Market
7D-7.3%-5.6%-5.4%
1Y-29.2%3.7%2.6%

Return vs Industry: BC8 underperformed the Australian Metals and Mining industry which returned 3.7% over the past year.

Return vs Market: BC8 underperformed the Australian Market which returned 2.6% over the past year.

Price Volatility

Is BC8's price volatile compared to industry and market?
BC8 volatility
BC8 Average Weekly Movement7.6%
Metals and Mining Industry Average Movement10.7%
Market Average Movement8.5%
10% most volatile stocks in AU Market15.4%
10% least volatile stocks in AU Market3.7%

Stable Share Price: BC8 is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: BC8's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2017n/aGareth Sollyhttps://www.blackcatsyndicate.com.au

Black Cat Syndicate Limited engages in the exploration and development of gold properties in Australia. It primarily holds interest in the Kal East gold project, which covers an area of 756 square kilometers located to the east of Kalgoorlie, Western Australia. Black Cat Syndicate Limited was incorporated in 2017 and is based in West Perth, Australia.

Black Cat Syndicate Fundamentals Summary

How do Black Cat Syndicate's earnings and revenue compare to its market cap?
BC8 fundamental statistics
Market CapAU$80.26m
Earnings (TTM)-AU$2.32m
Revenue (TTM)n/a

0.0x

P/S Ratio

-34.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BC8 income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$2.32m
Earnings-AU$2.32m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.017
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0%

How did BC8 perform over the long term?

See historical performance and comparison

Valuation

Is Black Cat Syndicate undervalued compared to its fair value and its price relative to the market?

1.74x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate BC8's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate BC8's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: BC8 is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.

PE vs Market: BC8 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 BC8's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BC8 is good value based on its PB Ratio (1.7x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

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

0.7%

Forecasted Materials 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 Cat Syndicate 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.


Past Performance

How has Black Cat Syndicate performed over the past 5 years?

-66.4%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: BC8 is currently unprofitable.

Growing Profit Margin: BC8 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if BC8's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare BC8's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BC8 is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (33%).


Return on Equity

High ROE: BC8 has a negative Return on Equity (-5.04%), as it is currently unprofitable.


Financial Health

How is Black Cat Syndicate's financial position?


Financial Position Analysis

Short Term Liabilities: BC8's short term assets (A$16.3M) exceed its short term liabilities (A$2.1M).

Long Term Liabilities: BC8's short term assets (A$16.3M) exceed its long term liabilities (A$132.4K).


Debt to Equity History and Analysis

Debt Level: BC8 is debt free.

Reducing Debt: BC8 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: BC8 has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: BC8 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 57.1% each year


Dividend

What is Black Cat Syndicate current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate BC8's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BC8'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 BC8's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BC8'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 BC8'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?

4.0yrs

Average management tenure


CEO

Gareth Solly

4yrs

Tenure

AU$356,924

Compensation

Mr. Gareth Solly, B.Sc (Geology) First Class Honours, Dip. Business has been Managing Director of Black Cat Syndicate Ltd since January 01, 2018.Mr. Solly has mining industry experience covering numerous o...


CEO Compensation Analysis

Compensation vs Market: Gareth's total compensation ($USD254.91K) is about average for companies of similar size in the Australian market ($USD289.87K).

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


Leadership Team

Experienced Management: BC8's management team is considered experienced (4 years average tenure).


Board Members

Experienced Board: BC8's board of directors are considered experienced (4 years average tenure).


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 diluted in the past year, with total shares outstanding growing by 27.6%.


Top Shareholders

Company Information

Black Cat Syndicate Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Black Cat Syndicate Limited
  • Ticker: BC8
  • Exchange: ASX
  • Founded: 2017
  • Industry: Gold
  • Sector: Materials
  • Implied Market Cap: AU$80.260m
  • Shares outstanding: 140.81m
  • Website: https://www.blackcatsyndicate.com.au

Location

  • Black Cat Syndicate Limited
  • 52 Kings Park Road
  • Level 3
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/26 07:01
End of Day Share Price2022/01/25 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.