ASX:BC8

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Black Cat Syndicate

Executive Summary

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


Snowflake Analysis

Flawless balance sheet with weak fundamentals.


Similar Companies

Share Price & News

How has Black Cat Syndicate's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BC8's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-2.2%

BC8

4.6%

AU Metals and Mining

2.1%

AU Market


1 Year Return

171.2%

BC8

2.4%

AU Metals and Mining

-10.0%

AU Market

Return vs Industry: BC8 exceeded the Australian Metals and Mining industry which returned 2.4% over the past year.

Return vs Market: BC8 exceeded the Australian Market which returned -10% over the past year.


Shareholder returns

BC8IndustryMarket
7 Day-2.2%4.6%2.1%
30 Day46.7%10.2%5.9%
90 Day138.7%25.2%13.8%
1 Year171.2%171.2%7.9%2.4%-6.3%-10.0%
3 Yearn/a76.3%51.6%18.1%2.4%
5 Yearn/a128.6%82.7%32.5%3.8%

Price Volatility Vs. Market

How volatile is Black Cat Syndicate's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

6.48x

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 AU 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 overvalued based on its PB Ratio (6.5x) compared to the AU Metals and Mining industry average (1.8x).


Next Steps

Future Growth

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

2.7%

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.


Next Steps

Past Performance

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

-21.5%

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 (-8.4%).


Return on Equity

High ROE: BC8 has a negative Return on Equity (-11.04%), as it is currently unprofitable.


Next Steps

Financial Health

How is Black Cat Syndicate's financial position?


Financial Position Analysis

Short Term Liabilities: BC8's short term assets (A$5.4M) exceed its short term liabilities (A$850.6K).

Long Term Liabilities: BC8 has no long term liabilities.


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 sufficient cash runway for 1.2 years if free cash flow continues to reduce at historical rates of 29% each year.


Next Steps

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?

2.6yrs

Average management tenure


CEO

Gareth Solly

2.5yrs

Tenure

AU$311,984

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 18 years mining industry experience covering n ...


CEO Compensation Analysis

Compensation vs Market: Gareth's total compensation ($USD218.80K) is about average for companies of similar size in the Australian market ($USD263.07K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Gareth Solly
MD & Director2.5yrsAU$311.98k1.43% A$1.2m
Ned Summerhayes
Exploration Managerno datano datano data
Iain Levy
Senior Resource Geologist0.92yrno datano data
Mark Pitts
Joint Company Secretary2.67yrsno datano data
Daniel Travers
Joint Company Secretary2.67yrsno datano data
Damien Keys
Chief Geological Adviserno datano datano data

2.6yrs

Average Tenure

Experienced Management: BC8's management team is considered experienced (2.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Gareth Solly
MD & Director2.5yrsAU$311.98k1.43% A$1.2m
Leslie Davis
Independent Non-Executive Director2.92yrsAU$75.54k4.61% A$3.9m
Paul Chapman
Non-Executive Chairman2.92yrsAU$60.00k7.8% A$6.6m
Anthony Polglase
Independent Non-Executive Director0.17yrno data0.050% A$42.2k
Alexander Robert Hewlett
Non-Executive Director2.92yrsAU$40.00k3.16% A$2.7m

2.9yrs

Average Tenure

Experienced Board: BC8's board of directors are not considered experienced ( 2.9 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 diluted in the past year, with total shares outstanding growing by 38.3%.


Top Shareholders

Company Information

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


Key Information

  • Name: Black Cat Syndicate Limited
  • Ticker: BC8
  • Exchange: ASX
  • Founded: 2017
  • Industry: Gold
  • Sector: Materials
  • Market Cap: AU$84.398m
  • Shares outstanding: 96.46m
  • Website: https://www.blackcatsyndicate.com.au

Location

  • Black Cat Syndicate Limited
  • 16 Nicholson Road
  • Unit 6
  • Subiaco
  • Western Australia
  • 6008
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BC8ASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJan 2018
BC8CHIA (Chi-X Australia)YesOrdinary SharesAUAUDJan 2018

Biography

Black Cat Syndicate Limited engages in the exploration and development of gold properties in Australia. The company holds a 100% interest in the Bulong gold project, which covers an area of 128 square kilometers located to the east of Kalgoorlie, Western Australia. It also holds interests in Fingals and Rowe’s Find gold projects located to the east of Bulong. The company was incorporated in 2017 and is based in Subiaco, Australia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/16 10:37
End of Day Share Price2020/07/16 00:00
Earnings2019/12/31
Annual Earnings2019/06/30


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.