ASX:BDC

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

Bardoc Gold Limited engages in the identification, exploration, and development of mineral properties in Australia.


Snowflake Analysis

High growth potential with mediocre balance sheet.

Share Price & News

How has Bardoc Gold's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

1.1%

BDC

-1.8%

AU Metals and Mining

3.8%

AU Market


1 Year Return

53.4%

BDC

2.0%

AU Metals and Mining

-10.6%

AU Market

Return vs Industry: BDC exceeded the Australian Metals and Mining industry which returned 0.6% over the past year.

Return vs Market: BDC exceeded the Australian Market which returned -13.6% over the past year.


Shareholder returns

BDCIndustryMarket
7 Day1.1%-1.8%3.8%
30 Day20.3%11.6%9.9%
90 Day15.6%2.4%-13.0%
1 Year53.4%53.4%7.2%2.0%-6.9%-10.6%
3 Year-40.1%-40.7%60.0%39.1%12.7%-2.1%
5 Year-10.1%-11.0%97.2%59.4%27.9%0.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Bardoc Gold undervalued compared to its fair value and its price relative to the market?

14.45x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: BDC is overvalued based on its PB Ratio (14.4x) compared to the AU Metals and Mining industry average (1.4x).


Next Steps

Future Growth

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

62.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BDC is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.3%).

Earnings vs Market: BDC is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: BDC's is expected to become profitable in the next 3 years.

Revenue vs Market: BDC's revenue (48.8% per year) is forecast to grow faster than the Australian market (4.3% per year).

High Growth Revenue: BDC's revenue (48.8% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Bardoc Gold performed over the past 5 years?

-49.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BDC is currently unprofitable.

Growing Profit Margin: BDC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BDC is unprofitable, and losses have increased over the past 5 years at a rate of -49.6% per year.

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

Earnings vs Industry: BDC 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: BDC has a negative Return on Equity (-154%), as it is currently unprofitable.


Next Steps

Financial Health

How is Bardoc Gold's financial position?


Financial Position Analysis

Short Term Liabilities: BDC's short term assets (A$17.4M) exceed its short term liabilities (A$3.0M).

Long Term Liabilities: BDC's short term assets (A$17.4M) exceed its long term liabilities (A$6.5M).


Debt to Equity History and Analysis

Debt Level: BDC's debt to equity ratio (17.2%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if BDC'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: BDC has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: BDC has less than a year of cash runway if free cash flow continues to reduce at historical rates of 51.7% each year


Next Steps

Dividend

What is Bardoc Gold's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

2.3yrs

Average board tenure


CEO

Robert Ryan

1.08yrs

Tenure

AU$87,500

Compensation

Mr. Robert Ryan has been Chief Executive Officer of Bardoc Gold Limited since 2019. Mr Ryan graduated from the highly-regarded WA School of Mines (WASM), has extensive technical and operational experience  ...


CEO Compensation Analysis

Compensation vs Market: Robert's total compensation ($USD57.28K) is below average for companies of similar size in the Australian market ($USD250.79K).

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


Board Members

NamePositionTenureCompensationOwnership
John Young
Non-Executive Director2.92yrsAU$246.51k2.23% A$2.8m
Neil Biddle
Non-Executive Director2.92yrsAU$141.93k2.3% A$2.9m
Anthony Leibowitz
Independent Non-Executive Chairman1.17yrsAU$47.70k0.73% A$917.7k
Robert Johnston
Non-Executive Director1.58yrsAU$128.81k0.16% A$198.6k
Peter Buttigieg
Non-Executive Directorno dataAU$48.73k5.59% A$7.0m

2.3yrs

Average Tenure

56yo

Average Age

Experienced Board: BDC's board of directors are not considered experienced ( 2.3 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: BDC 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 14.7%.


Top Shareholders

Company Information

Bardoc Gold Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bardoc Gold Limited
  • Ticker: BDC
  • Exchange: ASX
  • Founded:
  • Industry: Gold
  • Sector: Materials
  • Market Cap: AU$125.614m
  • Shares outstanding: 1.40b
  • Website: https://www.bardocgold.com

Location

  • Bardoc Gold Limited
  • 130 Stirling Highway
  • North Fremantle
  • Western Australia
  • 6159
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BDCASX (Australian Securities Exchange)YesOrdinary SharesAUAUDDec 2007
BDCCHIA (Chi-X Australia)YesOrdinary SharesAUAUDDec 2007
4SFDB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 2007

Biography

Bardoc Gold Limited engages in the identification, exploration, and development of mineral properties in Australia. The company primarily explores for gold and manganese deposits. Its flagship project is the Bardoc Gold Project covering an area of 96 square kilometers of granted mining leases and prospecting licenses located in the Eastern Goldfields of Western Australia. The company was formerly known as Spitfire Materials Limited and changed its name to Bardoc Gold Limited in November 2018. Bardoc Gold Limited is based in North Fremantle, Australia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/26 10:39
End of Day Share Price2020/05/26 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.