ASX:BGH

Stock Analysis Report

Executive Summary

Bligh Resources Limited engages in the exploration and evaluation of gold projects in Australia.

Snowflake

Fundamentals

Mediocre balance sheet with weak fundamentals.

Risks

  • Bligh Resources has significant price volatility in the past 3 months.
  • Bligh Resources is not covered by any analysts.

Similar Companies

Share Price & News

How has Bligh Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

ASX:BGH

-3.2%

AU Metals and Mining

1.9%

AU Market


1 Year Return

302.8%

ASX:BGH

10.2%

AU Metals and Mining

2.3%

AU Market

BGH outperformed the Metals and Mining industry which returned 12.4% over the past year.

BGH outperformed the Market in Australia which returned 3.5% over the past year.


Share holder returns

BGHIndustryMarket
7 Day0%-3.2%1.9%
30 Day7.4%-10.4%-4.2%
90 Day113.2%-2.2%1.2%
1 Year321.4%302.8%17.9%10.2%8.0%2.3%
3 Year254.3%229.5%67.1%48.8%32.9%15.6%
5 Year358.6%326.5%40.2%9.4%39.3%8.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Bligh Resources undervalued based on future cash flows and its price relative to the stock market?

8.02x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Bligh Resources to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Bligh Resources to establish if it is available at substantial discount.


Price Based on Earnings

Bligh Resources is loss making, we can't compare its value to the AU Metals and Mining industry average.

Bligh Resources is loss making, we can't compare the value of its earnings to the Australia market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Bligh Resources, we can't assess if its growth is good value.


Price Based on Value of Assets

Bligh Resources is overvalued based on assets compared to the AU Metals and Mining industry average.


Next Steps

Future Growth

How is Bligh Resources expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

5.2%

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 Bligh Resources 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 Bligh Resources performed over the past 5 years?

-10.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Bligh Resources does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Bligh Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Bligh Resources's 1-year growth to the AU Metals and Mining industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Bligh Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Bligh Resources has efficiently used its assets last year compared to the AU Metals and Mining industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Bligh Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Bligh Resources's financial position?


Financial Position Analysis

Bligh Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Bligh Resources has no long term commitments.


Debt to Equity History and Analysis

Bligh Resources's level of debt (13.8%) compared to net worth is satisfactory (less than 40%).

Bligh Resources had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.2x debt.


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.

Bligh Resources has less than a year of cash runway based on current free cash flow.

Bligh Resources has less than a year of cash runway if free cash flow continues to grow at historical rates of 16.5% each year.


Next Steps

Dividend

What is Bligh Resources's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Bligh Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Bligh Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Bligh Resources has not reported any payouts.

Unable to verify if Bligh Resources's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Bligh Resources has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Bligh Resources's salary, the management and board of directors tenure and is there insider trading?

2.1yrs

Average board tenure


CEO

Bligh Resources has no CEO, or we have no data on them.


Board Age and Tenure

2.1yrs

Average Tenure

The average tenure for the Bligh Resources board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyAU$4,72029 Jan 19
James Sullivan
EntityIndividual
Role
Member of the Board of Directors
Executive Director
Shares80,000
Max PriceAU$0.059

Ownership Breakdown


Management Team

  • Jamie Sullivan (55yo)

    Executive Director

    • Tenure: 2.1yrs
    • Compensation: AU$60.00k
  • Lloyd Flint

    Company Secretary

    • Tenure: 2.5yrs

Board Members

  • Peter Sullivan (60yo)

    Non-Executive Chairman

    • Tenure: 2.1yrs
    • Compensation: AU$48.08k
  • Jamie Sullivan (55yo)

    Executive Director

    • Tenure: 2.1yrs
    • Compensation: AU$60.00k
  • John Flinders Morrison

    Director

    • Tenure: 0.8yrs

Company Information

Bligh Resources Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bligh Resources Limited
  • Ticker: BGH
  • Exchange: ASX
  • Founded:
  • Industry: Gold
  • Sector: Materials
  • Market Cap: AU$43.782m
  • Shares outstanding: 301.94m
  • Website: https://www.bligh-resources.com

Location

  • Bligh Resources Limited
  • 78 Marine Terrace
  • Unit 5
  • Fremantle
  • Western Australia
  • 6160
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BGHASX (Australian Securities Exchange)YesOrdinary SharesAUAUDDec 2011
BLGDB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 2011
BGHCHIA (Chi-X Australia)YesOrdinary SharesAUAUDDec 2011

Biography

Bligh Resources Limited engages in the exploration and evaluation of gold projects in Australia. Its flagship project is the Bundarra gold project located in the Leonora in Western Australia. The company i ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/13 10:38
End of Day Share Price2019/08/06 00:00
Earnings2018/12/31
Annual Earnings2018/06/30


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.