ASX:BCN

Stock Analysis Report

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Executive Summary

Beacon Minerals Limited engages in the mineral exploration, development, and production activities in Western Australia.


Snowflake Analysis

Imperfect balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-2.6%

BCN

3.1%

AU Metals and Mining

4.0%

AU Market


1 Year Return

85.0%

BCN

5.0%

AU Metals and Mining

-7.0%

AU Market

Return vs Industry: BCN exceeded the Australian Metals and Mining industry which returned 5% over the past year.

Return vs Market: BCN exceeded the Australian Market which returned -7% over the past year.


Shareholder returns

BCNIndustryMarket
7 Day-2.6%3.1%4.0%
30 Day-7.5%17.3%12.2%
90 Day23.3%14.2%-2.5%
1 Year85.0%85.0%10.6%5.0%-3.1%-7.0%
3 Year93.1%76.2%71.4%48.1%19.0%3.3%
5 Year1638.7%825.2%100.8%60.4%33.9%5.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

6.99x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: BCN is overvalued based on its PB Ratio (7x) compared to the AU Metals and Mining industry average (1.6x).


Next Steps

Future Growth

How is Beacon Minerals forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

3.2%

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 Beacon Minerals 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 Beacon Minerals performed over the past 5 years?

-66.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BCN is currently unprofitable.

Growing Profit Margin: BCN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BCN is unprofitable, and losses have increased over the past 5 years at a rate of -66% per year.

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

Earnings vs Industry: BCN 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: BCN has a negative Return on Equity (-36.68%), as it is currently unprofitable.


Next Steps

Financial Health

How is Beacon Minerals's financial position?


Financial Position Analysis

Short Term Liabilities: BCN's short term assets (A$13.3M) exceed its short term liabilities (A$3.7M).

Long Term Liabilities: BCN's short term assets (A$13.3M) do not cover its long term liabilities (A$18.0M).


Debt to Equity History and Analysis

Debt Level: BCN's debt to equity ratio (119%) is considered high.

Reducing Debt: BCN's debt to equity ratio has increased from 94.9% to 119% 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: BCN has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: BCN has sufficient cash runway for 1.8 years if free cash flow continues to reduce at historical rates of 53.2% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

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

8.3yrs

Average management tenure


CEO

Graham McGarry

8.25yrs

Tenure

AU$164,250

Compensation

Mr. Graham McGarry, CPA, CD, is an experienced and seasoned 'hands on' miner, with an impressive track record in turning early stage projects into viable and attractive investment propositions. Mr. McGarry ...


CEO Compensation Analysis

Compensation vs Market: Graham's total compensation ($USD114.75K) is below average for companies of similar size in the Australian market ($USD261.07K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Geoffrey Greenhill
Executive Chairman8.25yrsAU$164.25k9.61% A$10.2m
Graham McGarry
MD & Director8.25yrsAU$164.25k8.54% A$9.0m
Sarah Shipway
Company Secretary & Independent Non-Executive Director5yrsAU$78.94k0.14% A$150.5k
Alexander McCulloch
Executive Director of Development & Director0.83yrno data3.67% A$3.9m

8.3yrs

Average Tenure

Experienced Management: BCN's management team is seasoned and experienced (8.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Geoffrey Greenhill
Executive Chairman8.25yrsAU$164.25k9.61% A$10.2m
Graham McGarry
MD & Director8.25yrsAU$164.25k8.54% A$9.0m
Sarah Shipway
Company Secretary & Independent Non-Executive Director5yrsAU$78.94k0.14% A$150.5k
Alexander McCulloch
Executive Director of Development & Director0.83yrno data3.67% A$3.9m

6.6yrs

Average Tenure

Experienced Board: BCN's board of directors are considered experienced (6.6 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 13.9%.


Top Shareholders

Company Information

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


Key Information

  • Name: Beacon Minerals Limited
  • Ticker: BCN
  • Exchange: ASX
  • Founded: 2006
  • Industry: Gold
  • Sector: Materials
  • Market Cap: AU$105.904m
  • Shares outstanding: 2.86b
  • Website: https://www.beaconminerals.com.au

Location

  • Beacon Minerals Limited
  • 115 Cambridge Street
  • Level 1
  • West Leederville
  • Western Australia
  • 6007
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BCNASX (Australian Securities Exchange)YesOrdinary SharesAUAUDOct 2006
BCNCHIA (Chi-X Australia)YesOrdinary SharesAUAUDOct 2006

Biography

Beacon Minerals Limited engages in the mineral exploration, development, and production activities in Western Australia. It holds 100% interest in the Jaurdi gold project located to the northwest of Coolgardie. The company was incorporated in 2006 and is based in West Leederville, Australia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/06 10:40
End of Day Share Price2020/06/05 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.