ASX:BCI

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

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


Snowflake Analysis

Flawless balance sheet and overvalued.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

9.7%

BCI

0.7%

AU Metals and Mining

5.0%

AU Market


1 Year Return

-8.1%

BCI

3.4%

AU Metals and Mining

-10.3%

AU Market

Return vs Industry: BCI underperformed the Australian Metals and Mining industry which returned 1.7% over the past year.

Return vs Market: BCI exceeded the Australian Market which returned -9.4% over the past year.


Shareholder returns

BCIIndustryMarket
7 Day9.7%0.7%5.0%
30 Day21.4%12.1%8.8%
90 Day17.2%9.1%-9.9%
1 Year-8.1%-8.1%8.6%3.4%-6.6%-10.3%
3 Year36.0%36.0%59.8%39.1%11.1%-3.5%
5 Year-47.4%-54.7%99.9%62.0%28.9%1.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

0.68x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: BCI is good value based on its PB Ratio (0.7x) compared to the AU Metals and Mining industry average (1.5x).


Next Steps

Future Growth

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

105.5%

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 (-20.4% per year).

High Growth Revenue: BCI's revenue is forecast to decline over the next 3 years (-20.4% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if BCI's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has BCI Minerals performed over the past 5 years?

64.2%

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 64.2% 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 (-7.9%).


Return on Equity

High ROE: BCI has a negative Return on Equity (-6.86%), as it is currently unprofitable.


Next Steps

Financial Health

How is BCI Minerals's financial position?


Financial Position Analysis

Short Term Liabilities: BCI's short term assets (A$45.0M) exceed its short term liabilities (A$13.0M).

Long Term Liabilities: BCI's short term assets (A$45.0M) exceed its long term liabilities (A$9.0M).


Debt to Equity History and Analysis

Debt Level: BCI is debt free.

Reducing Debt: BCI has no debt compared to 5 years ago when its debt to equity ratio was 19.2%.


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: BCI has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: BCI has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 39.8% each year


Next Steps

Dividend

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


Dividend Yield vs Market

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.


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BCI'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?

3.2yrs

Average management tenure


CEO

Alwyn Vorster

4yrs

Tenure

AU$637,052

Compensation

Mr. Alwyn Petrus Vorster, B.Sc(Honours) in Geology, MSc (Mineral Economics), has been Managing Director at BCI Minerals Limited since September 22, 2016 and has been its Chief Executive Officer since May 2 ...


CEO Compensation Analysis

Compensation vs Market: Alwyn's total compensation ($USD424.11K) is above average for companies of similar size in the Australian market ($USD254.05K).

Compensation vs Earnings: Alwyn's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Alwyn Vorster
MD & Executive Director4yrsAU$637.05k1.33% A$902.0k
Simon Hodge
Chief Financial Officer3.17yrsAU$411.25k0.12% A$78.5k
Brad Milne
Investor Relations Managerno datano datano data
Stephanie Majteles
General Counselno datano datano data
Martin Bennett
Exploration Managerno datano datano data
Susan Hunter
Company Secretary1.83yrsno datano data

3.2yrs

Average Tenure

Experienced Management: BCI's management team is considered experienced (3.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Alwyn Vorster
MD & Executive Director4yrsAU$637.05k1.33% A$902.0k
Michael Blakiston
Independent Non-Executive Director3.17yrsAU$86.25kno data
Brian O'Donnell
Non-Executive Chairman3.42yrsAU$141.75k0.17% A$115.0k
Jennifer Bloom
Independent Non-Executive Director3.17yrsAU$77.98k0.015% A$10.2k

3.3yrs

Average Tenure

Experienced Board: BCI's board of directors are considered experienced (3.3 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: BCI Minerals Limited
  • Ticker: BCI
  • Exchange: ASX
  • Founded: 2006
  • Industry: Steel
  • Sector: Materials
  • Market Cap: AU$67.818m
  • Shares outstanding: 398.93m
  • Website: https://www.bciminerals.com.au

Location

  • BCI Minerals Limited
  • 1 Altona Street
  • Level 2
  • 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

Biography

BCI Minerals Limited engages in the exploration and development of mineral assets in Australia. It explores for salt, sulphate of potash, iron ore, and potash deposits. The company owns a 100% interest in the Mardie salt project, which is located on the northwest coast of Western Australia. It also owns 100% interest in the Buckland iron ore project comprising mines at Bungaroo South located in the West Pilbara region of Western Australia; and Iron Valley mine located in the Central Pilbara. In addition, it holds a 30% interest in the Carnegie potash project consisting of 1 granted exploration license and 2 exploration license applications covering an area of approximately 1,700 square kilometers located to the north-east of Wiluna. The company was formerly known as BC Iron Limited and changed its name to BCI Minerals Limited in December 2017. BCI Minerals Limited was founded in 2006 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 Analysis2020/05/29 10:37
End of Day Share Price2020/05/29 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.