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BMG

BMG ResourcesASX:BMG Stock Report

Market Cap

AU$19.2m

7D

-15.5%

1Y

-55.6%

Updated

25 Oct, 2021

Data

Company Financials
BMG fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

BMG Overview

BMG Resources Limited, a mineral exploration company, engages in the exploration and development of mineral resource projects in the Republic of Cyprus and Australia.

Price History & Performance

Summary of all time highs, changes and price drops for BMG Resources
Historical stock prices
Current Share PriceAU$0.06
52 Week HighAU$0.048
52 Week LowAU$0.14
Beta1.9
1 Month Change-30.23%
3 Month Change3.45%
1 Year Change-55.56%
3 Year Change-40.00%
5 Year Change-34.54%
Change since IPO-99.74%

Recent News & Updates

Shareholder Returns

BMGAU Metals and MiningAU Market
7D-15.5%-1.7%0.6%
1Y-55.6%10.8%21.3%

Return vs Industry: BMG underperformed the Australian Metals and Mining industry which returned 10.8% over the past year.

Return vs Market: BMG underperformed the Australian Market which returned 21.3% over the past year.

Price Volatility

Is BMG's price volatile compared to industry and market?
BMG volatility
BMG Beta1.9
Industry Beta0.97
Market Beta1

Stable Share Price: BMG is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: BMG's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
2003n/aBruce McCrackenhttps://www.bmgl.com.au

BMG Resources Limited, a mineral exploration company, engages in the exploration and development of mineral resource projects in the Republic of Cyprus and Australia. The company primarily explores for copper, nickel, zinc, cobalt, gold, silver, and lithium deposits. It holds interests in the Treasure project located in the Troodos Mountains of Republic of Cyprus; the Abercromby project situated in the Wiluna Gold District, Western Australia; the Invincible project located in Central Pilbara Gold District; and the South Boddington project located to the south-east of Perth.

BMG Resources Fundamentals Summary

How do BMG Resources's earnings and revenue compare to its market cap?
BMG fundamental statistics
Market CapAU$19.20m
Earnings (TTM)-AU$1.09m
Revenue (TTM)n/a

0x

P/S Ratio

-17.6x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BMG income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$1.09m
Earnings-AU$1.09m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0034
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did BMG perform over the long term?

See historical performance and comparison

Valuation

Is BMG Resources undervalued compared to its fair value and its price relative to the market?

1.35x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: BMG is good value based on its PB Ratio (1.4x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

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

-0.5%

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 BMG 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.


Past Performance

How has BMG Resources performed over the past 5 years?

-28.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BMG is currently unprofitable.

Growing Profit Margin: BMG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BMG is unprofitable, and losses have increased over the past 5 years at a rate of 28.2% per year.

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

Earnings vs Industry: BMG 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: BMG has a negative Return on Equity (-7.71%), as it is currently unprofitable.


Financial Health

How is BMG Resources's financial position?


Financial Position Analysis

Short Term Liabilities: BMG's short term assets (A$901.9K) exceed its short term liabilities (A$198.6K).

Long Term Liabilities: BMG has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: BMG is debt free.

Reducing Debt: BMG currently has no debt however we can't compare to 5 years ago as we have no data for that period.


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: BMG has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: BMG has less than a year of cash runway if free cash flow continues to reduce at historical rates of 39.6% each year


Dividend

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


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if BMG'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 BMG'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

Bruce McCracken

10.33yrs

Tenure

AU$390,454

Compensation

Mr. Bruce Alexander McCracken, BCom, LLB, MBA, GAICD served as an Executive Director of AssetOwl Limited until April 23, 2019. Mr. McCracken has been Managing Director and Director at BMG Resources Limited...


CEO Compensation Analysis

Compensation vs Market: Bruce's total compensation ($USD292.69K) is about average for companies of similar size in the Australian market ($USD302.38K).

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


Board Members

Experienced Board: BMG'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: BMG 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 33.3%.


Top Shareholders

Company Information

BMG Resources Limited's employee growth, exchange listings and data sources


Key Information

  • Name: BMG Resources Limited
  • Ticker: BMG
  • Exchange: ASX
  • Founded: 2003
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$19.199m
  • Shares outstanding: 319.99m
  • Website: https://www.bmgl.com.au

Location

  • BMG Resources Limited
  • 225 St Georges Terrace
  • Level 14
  • Perth
  • Western Australia
  • 6000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 16:54
End of Day Share Price2021/10/25 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.