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BGL

Bellevue GoldASX:BGL Stock Report

Market Cap

AU$852.8m

7D

-0.6%

1Y

-33.5%

Updated

17 Oct, 2021

Data

Company Financials +
BGL fundamental analysis
Snowflake Score
Valuation0/6
Future Growth4/6
Past Performance0/6
Financial Health6/6
Dividends0/6

BGL Overview

Bellevue Gold Limited, together with its subsidiaries, engages in the exploration and evaluation of gold properties in Australia.

Bellevue Gold Competitors

Newcrest Mining

ASX:NCM

AU$20.1b

Northern Star Resources

ASX:NST

AU$11.3b

Evolution Mining

ASX:EVN

AU$7.1b

Perseus Mining

ASX:PRU

AU$2.1b

Price History & Performance

Summary of all time highs, changes and price drops for Bellevue Gold
Historical stock prices
Current Share PriceAU$0.86
52 Week HighAU$0.65
52 Week LowAU$1.49
Beta0.46
1 Month Change6.14%
3 Month Change-7.49%
1 Year Change-33.46%
3 Year Change154.41%
5 Year Change2,371.43%
Change since IPO-72.97%

Recent News & Updates

Jul 15
Here's Why We're Not Too Worried About Bellevue Gold's (ASX:BGL) Cash Burn Situation

Here's Why We're Not Too Worried About Bellevue Gold's (ASX:BGL) Cash Burn Situation

Just because a business does not make any money, does not mean that the stock will go down. For example, although...

Shareholder Returns

BGLAU Metals and MiningAU Market
7D-0.6%4.3%0.9%
1Y-33.5%12.2%20.2%

Return vs Industry: BGL underperformed the Australian Metals and Mining industry which returned 12.2% over the past year.

Return vs Market: BGL underperformed the Australian Market which returned 20.2% over the past year.

Price Volatility

Is BGL's price volatile compared to industry and market?
BGL volatility
BGL Beta0.46
Industry Beta0.97
Market Beta1

Stable Share Price: BGL is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: BGL's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2004n/aSteve Parsonshttps://www.bellevuegold.com.au

Bellevue Gold Limited, together with its subsidiaries, engages in the exploration and evaluation of gold properties in Australia. It holds a 100% interest in the Bellevue gold project covering an area of approximately 2,700 km2 located to north-west of Kalgoorlie, Western Australia; the Yandal gold project covering an area of 867 km2 in Western Australia; and the Kathleen Valley gold project located in Western Australia. The company was formerly known as Draig Resources Limited and changed its name to Bellevue Gold Limited in July 2018.

Bellevue Gold Fundamentals Summary

How do Bellevue Gold's earnings and revenue compare to its market cap?
BGL fundamental statistics
Market CapAU$852.83m
Earnings (TTM)-AU$12.24m
Revenue (TTM)n/a

0x

P/S Ratio

-69.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BGL income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$12.24m
Earnings-AU$12.24m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.012
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0%

How did BGL perform over the long term?

See historical performance and comparison

Valuation

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

3.86x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: BGL is overvalued based on its PB Ratio (3.9x) compared to the AU Metals and Mining industry average (2.5x).


Future Growth

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

92.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BGL is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

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

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

Revenue vs Market: BGL is forecast to have no revenue next year.

High Growth Revenue: BGL is forecast to have no revenue next year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BGL's Return on Equity is forecast to be high in 3 years time (22.4%)


Past Performance

How has Bellevue Gold performed over the past 5 years?

-33.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BGL is currently unprofitable.

Growing Profit Margin: BGL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BGL is unprofitable, and losses have increased over the past 5 years at a rate of 33.6% per year.

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

Earnings vs Industry: BGL is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (35.3%).


Return on Equity

High ROE: BGL has a negative Return on Equity (-5.55%), as it is currently unprofitable.


Financial Health

How is Bellevue Gold's financial position?


Financial Position Analysis

Short Term Liabilities: BGL's short term assets (A$96.2M) exceed its short term liabilities (A$17.4M).

Long Term Liabilities: BGL's short term assets (A$96.2M) exceed its long term liabilities (A$3.9M).


Debt to Equity History and Analysis

Debt Level: BGL is debt free.

Reducing Debt: BGL has not had any debt for 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: BGL has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: BGL has sufficient cash runway for 1.2 years if free cash flow continues to reduce at historical rates of 57.7% each year.


Dividend

What is Bellevue Gold current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

1.8yrs

Average management tenure


CEO

Steve Parsons (48 yo)

3yrs

Tenure

AU$2,694,195

Compensation

Mr. Stephen Andrew Parsons, also known as Steve, BSc (Hons) Geology MAusIMM, has been Non-Executive Director at Auteco Minerals Limited since January 28, 2020. Mr. Parsons has been Executive Director at Be...


CEO Compensation Analysis

Compensation vs Market: Steve's total compensation ($USD2.00M) is above average for companies of similar size in the Australian market ($USD998.78K).

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


Leadership Team

Experienced Management: BGL's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: BGL's board of directors are not considered experienced ( 2.1 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

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 17.4%.


Top Shareholders

Company Information

Bellevue Gold Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Bellevue Gold Limited
  • Ticker: BGL
  • Exchange: ASX
  • Founded: 2004
  • Industry: Gold
  • Sector: Materials
  • Market Cap: AU$852.827m
  • Shares outstanding: 985.93m
  • Website: https://www.bellevuegold.com.au

Location

  • Bellevue Gold Limited
  • 24 Outram Street
  • Ground Floor
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/17 07:02
End of Day Share Price2021/10/15 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.