ASX:BGL

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

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


Snowflake Analysis

Flawless balance sheet with reasonable growth potential.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: BGL has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-11.5%

BGL

-2.8%

AU Metals and Mining

1.2%

AU Market


1 Year Return

72.5%

BGL

9.5%

AU Metals and Mining

-10.3%

AU Market

Return vs Industry: BGL exceeded the Australian Metals and Mining industry which returned 9.5% over the past year.

Return vs Market: BGL exceeded the Australian Market which returned -10.3% over the past year.


Shareholder returns

BGLIndustryMarket
7 Day-11.5%-2.8%1.2%
30 Day5.1%-4.1%-2.6%
90 Day-0.5%6.9%3.0%
1 Year72.5%72.5%14.6%9.5%-7.1%-10.3%
3 Year1,193.8%1,193.8%67.7%44.4%18.6%3.3%
5 Year4,408.0%4,040.0%152.1%103.7%46.1%15.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

7.42x

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 AU 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 (7.4x) compared to the AU Metals and Mining industry average (2.3x).


Next Steps

Future Growth

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

90.6%

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 (2.3%).

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: Insufficient data to determine if BGL's revenue is forecast to grow faster than the Australian market.

High Growth Revenue: Insufficient data to determine if BGL's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BGL's Return on Equity is forecast to be very high in 3 years time (55%).


Next Steps

Past Performance

How has Bellevue Gold performed over the past 5 years?

-42.0%

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 42% 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 (14.9%).


Return on Equity

High ROE: BGL has a negative Return on Equity (-5.95%), as it is currently unprofitable.


Next Steps

Financial Health

How is Bellevue Gold's financial position?


Financial Position Analysis

Short Term Liabilities: BGL's short term assets (A$30.2M) exceed its short term liabilities (A$8.9M).

Long Term Liabilities: BGL's short term assets (A$30.2M) exceed its long term liabilities (A$2.4M).


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 9 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: BGL is forecast to have sufficient cash runway for 7 months based on free cash flow estimates, but has since raised additional capital.


Next Steps

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?

1.6yrs

Average management tenure


CEO

Steve Parsons (47 yo)

1.92yrs

Tenure

AU$1,097,709

Compensation

Mr. Stephen Andrew Parsons, also known as Steve, has been Director at Auteco Minerals Limited since January 28, 2020. Mr. Parsons has been Executive Director at Draig Resources Limited (Bellevue Gold Limit ...


CEO Compensation Analysis

Compensation vs Market: Steve's total compensation ($USD770.05K) is about average for companies of similar size in the Australian market ($USD938.18K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Stephen Parsons
MD & Executive Director1.92yrsAU$1.10mno data
Michael Naylor
CFO, Company Secretary & Executive Director2.17yrsAU$350.76k0.16%
A$ 1.4m
Craig Jones
Chief Operating Officer0.75yrAU$419.75kno data
Luke Gleeson
Head of Corporate Development0.58yrAU$433.75k0.049%
A$ 422.3k
Daina Borrello
GM of People & Company Cultureno dataAU$280.86kno data
Samuel Brooks
Chief Geologist1.58yrsAU$515.08k0.30%
A$ 2.6m

1.6yrs

Average Tenure

Experienced Management: BGL's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Stephen Parsons
MD & Executive Director1.92yrsAU$1.10mno data
Michael Naylor
CFO, Company Secretary & Executive Director2.17yrsAU$350.76k0.16%
A$ 1.4m
Fiona Robertson
Independent Non-Executive Director0.33yrAU$12.20k0.0079%
A$ 68.6k
Kevin Tomlinson
Non-Executive Chairman1yrAU$202.62kno data
Shannon Coates
Non-Executive Independent Director0.33yrAU$12.20kno data

1.0yrs

Average Tenure

53.5yo

Average Age

Experienced Board: BGL's board of directors are not considered experienced ( 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: BGL insiders have only sold shares 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 47.4%.


Top Shareholders

Company Information

Bellevue Gold Limited's company bio, 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$869.294m
  • Shares outstanding: 839.90m
  • Website: https://www.bellevuegold.com.au

Location

  • Bellevue Gold Limited
  • 24 Outram Street
  • Level 3
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BGLASX (Australian Securities Exchange)YesOrdinary SharesAUAUDDec 2005
BGLCHIA (Chi-X Australia)YesOrdinary SharesAUAUDDec 2005
BELG.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDDec 2005

Biography

Bellevue Gold Limited, together with its subsidiaries, engages in the exploration and evaluation of gold properties in Australia. The company holds 100% interest in the Bellevue gold project covering an ar ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/27 19:00
End of Day Share Price2020/09/25 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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.