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BCI

BCI Minerals ASX:BCI Stock Report

Last Price

AU$0.23

Market Cap

AU$266.4m

7D

-8.2%

1Y

-42.3%

Updated

29 Sep, 2022

Data

Company Financials +
BCI fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

BCI Stock Overview

BCI Minerals Limited engages in the exploration and development of mineral assets in Australia.

BCI Minerals Competitors

Price History & Performance

Summary of all time highs, changes and price drops for BCI Minerals
Historical stock prices
Current Share PriceAU$0.23
52 Week HighAU$0.53
52 Week LowAU$0.22
Beta1.2
1 Month Change-6.25%
3 Month Change-15.09%
1 Year Change-42.31%
3 Year Change25.00%
5 Year Change32.35%
Change since IPO-57.94%

Recent News & Updates

Sep 24
Health Check: How Prudently Does BCI Minerals (ASX:BCI) Use Debt?

Health Check: How Prudently Does BCI Minerals (ASX:BCI) Use Debt?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Shareholder Returns

BCIAU Metals and MiningAU Market
7D-8.2%-4.4%-3.8%
1Y-42.3%-0.6%-12.6%

Return vs Industry: BCI underperformed the Australian Metals and Mining industry which returned -0.6% over the past year.

Return vs Market: BCI underperformed the Australian Market which returned -12.6% over the past year.

Price Volatility

Is BCI's price volatile compared to industry and market?
BCI volatility
BCI Average Weekly Movement7.7%
Metals and Mining Industry Average Movement11.4%
Market Average Movement9.6%
10% most volatile stocks in AU Market16.8%
10% least volatile stocks in AU Market4.2%

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

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

About the Company

FoundedEmployeesCEOWebsite
2006n/aKerryl Bradshawhttps://www.bciminerals.com.au

BCI Minerals Limited engages in the exploration and development of mineral assets in Australia. The company explores for salt, iron ore, and sulphate of potash deposits. It primarily focuses on its 100% interest owned in the Mardie Salt and Potash Project located in the West Pilbara coast, as well as owns interest in the Iron Valley mine located in the Central Pilbara.

BCI Minerals Fundamentals Summary

How do BCI Minerals's earnings and revenue compare to its market cap?
BCI fundamental statistics
Market CapAU$266.42m
Earnings (TTM)-AU$15.48m
Revenue (TTM)AU$65.20m

4.2x

P/S Ratio

-17.6x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BCI income statement (TTM)
RevenueAU$65.20m
Cost of RevenueAU$60.28m
Gross ProfitAU$4.92m
Other ExpensesAU$20.41m
Earnings-AU$15.48m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Oct 31, 2022

Earnings per share (EPS)-0.013
Gross Margin7.55%
Net Profit Margin-23.75%
Debt/Equity Ratio4.5%

How did BCI perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

BCI 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/Revenue0.2x
Enterprise Value/EBITDA-1.4x
PEG Ration/a

Price to Sales Ratio vs Peers

How does BCI's PS Ratio compare to its peers?

BCI PS Ratio vs Peers
The above table shows the PS ratio for BCI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average2.4x
TIG Tigers Realm Coal
2.7xn/aAU$235.2m
BRL Bathurst Resources
5.2xn/aAU$168.4m
GRR Grange Resources
1.2xn/aAU$833.3m
VSL Vulcan Steel
1.1x6.4%AU$905.4m
BCI BCI Minerals
4.2x-4.0%AU$266.4m

Price-To-Sales vs Peers: BCI is expensive based on its Price-To-Sales Ratio (4.2x) compared to the peer average (2.4x).


Price to Earnings Ratio vs Industry

How does BCI's PE Ratio compare vs other companies in the AU Metals and Mining Industry?

Price-To-Sales vs Industry: BCI is good value based on its Price-To-Sales Ratio (4.2x) compared to the Australian Metals and Mining industry average (61.6x)


Price to Sales Ratio vs Fair Ratio

What is BCI's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BCI PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio4.2x
Fair PS Ratio0.5x

Price-To-Sales vs Fair Ratio: BCI is expensive based on its Price-To-Sales Ratio (4.2x) compared to the estimated Fair Price-To-Sales Ratio (0.5x).


Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate BCI's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate BCI's fair value 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: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


Discover undervalued companies

Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-50.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: BCI's revenue is expected to decline over the next 3 years (-4% per year).

High Growth Revenue: BCI's revenue is forecast to decline over the next 3 years (-4% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

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


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Past Performance

How has BCI Minerals performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


23.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BCI is currently unprofitable.

Growing Profit Margin: BCI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BCI is unprofitable, but has reduced losses over the past 5 years at a rate of 23.1% per year.

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

Earnings vs Industry: BCI is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (33.8%).


Return on Equity

High ROE: BCI has a negative Return on Equity (-3.57%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is BCI Minerals's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: BCI's short term assets (A$292.8M) exceed its short term liabilities (A$58.8M).

Long Term Liabilities: BCI's short term assets (A$292.8M) exceed its long term liabilities (A$45.4M).


Debt to Equity History and Analysis

Debt Level: BCI has more cash than its total debt.

Reducing Debt: Insufficient data to determine if BCI's debt to equity ratio has reduced over the 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: Insufficient data to determine if BCI has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if BCI has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

BCI Minerals Dividend Yield vs Market
How does BCI Minerals dividend yield compare to the market?
SegmentDividend Yield
Company (BCI Minerals)0%
Market Bottom 25% (AU)2.8%
Market Top 25% (AU)7.2%
Industry Average (Metals and Mining)10.6%
Analyst forecast in 3 Years (BCI Minerals)n/a

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

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

Growing Dividend: Insufficient data to determine if BCI's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: BCI is not paying a notable dividend for the Australian market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as BCI has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

1.5yrs

Average management tenure


CEO

Kerryl Bradshaw

0.083yr

Tenure

AU$444,210

Compensation

Ms. Kerryl Bradshaw serves as Interim Chief Executive Officer at BCI Minerals Limited since August 2022. She served as Chief Financial Officer of BCI Minerals Limited since January 10, 2022 until August 20...


CEO Compensation Analysis

Kerryl Bradshaw's Compensation vs BCI Minerals Earnings
How has Kerryl Bradshaw's remuneration changed compared to BCI Minerals's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022AU$444kAU$201k

-AU$15m

Compensation vs Market: Kerryl's total compensation ($USD287.96K) is below average for companies of similar size in the Australian market ($USD622.85K).

Compensation vs Earnings: Insufficient data to compare Kerryl's compensation with company performance.


Leadership Team

Experienced Management: BCI's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

Experienced Board: BCI's board of directors are not considered experienced ( 2 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

ASX:BCI Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
01 Mar 22BuyAU$26,641Brian O'DonnellIndividual72,003AU$0.37
08 Nov 21SellAU$34,198AustralianSuper Pty. Ltd.Company61,311AU$0.61

Ownership Breakdown

What is the ownership structure of BCI?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders40,151,2593.3%
Private Companies245,885,23820.3%
Institutions355,801,83029.4%
General Public569,183,08047.0%

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 102%.


Top Shareholders

Top 24 shareholders own 53% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
19.55%
Australian Capital Equity Pty Ltd.
236,750,238A$53.3m0%no data
13.95%
AustralianSuper Pty. Ltd.
168,914,852A$38.0m0%0.1%
9.89%
Ryder Investment Management Pty Limited
119,814,614A$27.0m0%35.76%
2.08%
Sandon Capital Investments Limited
25,204,586A$5.7m175.79%5.75%
1.99%
One Managed Investment Funds Limited
24,157,751A$5.4m0%2.85%
1.51%
Troy Harry
18,333,276A$4.1m0%no data
0.64%
Alwyn Vorster
7,768,642A$1.7m44.52%no data
0.57%
Sandon Capital Pty Ltd.
6,955,142A$1.6m0%2.43%
0.5%
Mineralogy Pty Ltd.
6,090,000A$1.4m0%no data
0.5%
Mercantile Investment Company Limited
6,000,000A$1.4m0%5.69%
0.39%
Dimensional Fund Advisors LP
4,754,885A$1.1m8.82%no data
0.33%
Dennis Lum
4,034,407A$907.7k0%no data
0.25%
Heagra Pty Limited
3,045,000A$685.1k0%no data
0.14%
Joshua Pitt
1,650,000A$371.3k0%no data
0.14%
Bruce Maclean
1,637,934A$368.5k0%no data
0.14%
Karen Davies
1,637,934A$368.5k0%no data
0.095%
Brian O'Donnell
1,156,254A$260.2k0%no data
0.087%
Bee Har Koo
1,052,690A$236.9k0%no data
0.087%
Cheng Shih Koo
1,052,690A$236.9k0%no data
0.068%
Richard Court
819,768A$184.4k0%no data
0.042%
Anthony Chamberlain
510,000A$114.8k0%no data
0.027%
Simon Hodge
332,000A$74.7k-28.14%no data
0.013%
Jennifer Bloom
159,768A$35.9k77.52%no data
0.00049%
Miriam Stanborough
5,896A$1.3k0%no data

Company Information

BCI Minerals Limited's employee growth, exchange listings and data sources


Key Information

  • Name: BCI Minerals Limited
  • Ticker: BCI
  • Exchange: ASX
  • Founded: 2006
  • Industry: Steel
  • Sector: Materials
  • Implied Market Cap: AU$266.425m
  • Shares outstanding: 1.21b
  • Website: https://www.bciminerals.com.au

Location

  • BCI Minerals Limited
  • 1 Altona Street
  • Level 1
  • West Perth
  • Western Australia
  • 6005
  • Australia


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BCIASX (Australian Securities Exchange)YesOrdinary SharesAUAUDDec 2006
BIRN.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDDec 2006
BC3DB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 2006
BCICHIA (Chi-X Australia)YesOrdinary SharesAUAUDDec 2006

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/29 00:00
End of Day Share Price2022/09/29 00:00
Earnings2022/06/30
Annual Earnings2022/06/30


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.