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BML

Boab MetalsASX:BML Stock Report

Market Cap

AU$57.6m

7D

-2.7%

1Y

-21.1%

Updated

18 Oct, 2021

Data

Company Financials +
BML fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance0/6
Financial Health5/6
Dividends0/6

BML Overview

Boab Metals Limited explores for mineral tenements in Australia and Latin America.

Price History & Performance

Summary of all time highs, changes and price drops for Boab Metals
Historical stock prices
Current Share PriceAU$0.35
52 Week HighAU$0.34
52 Week LowAU$0.57
Beta11.26
1 Month Change-1.39%
3 Month Change-14.46%
1 Year Change-21.11%
3 Year Change136.67%
5 Year Change77.50%
Change since IPO-91.13%

Recent News & Updates

Aug 03
A Look At The Fair Value Of Boab Metals Limited (ASX:BML)

A Look At The Fair Value Of Boab Metals Limited (ASX:BML)

Today we will run through one way of estimating the intrinsic value of Boab Metals Limited ( ASX:BML ) by projecting...

Shareholder Returns

BMLAU Metals and MiningAU Market
7D-2.7%4.3%0.9%
1Y-21.1%12.2%20.2%

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

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

Price Volatility

Is BML's price volatile compared to industry and market?
BML volatility
BML Beta11.26
Industry Beta0.97
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
2003n/aSimon Noonhttps://www.boabmetals.com

Boab Metals Limited explores for mineral tenements in Australia and Latin America. The company primarily explores for gold, copper, zinc, silver, and lead deposits. Its flagship property is the Sorby Hills Project located in the Kimberley Region of Western Australia.

Boab Metals Fundamentals Summary

How do Boab Metals's earnings and revenue compare to its market cap?
BML fundamental statistics
Market CapAU$57.56m
Earnings (TTM)-AU$5.04m
Revenue (TTM)AU$515.63k

106.0x

P/S Ratio

-10.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BML income statement (TTM)
RevenueAU$515.63k
Cost of RevenueAU$0
Gross ProfitAU$515.63k
ExpensesAU$5.55m
Earnings-AU$5.04m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.033
Gross Margin100.00%
Net Profit Margin-977.25%
Debt/Equity Ratio0%

How did BML perform over the long term?

See historical performance and comparison

Valuation

Is Boab Metals undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BML (A$0.36) is trading below our estimate of fair value (A$22.53)

Significantly Below Fair Value: BML is trading below fair value by more than 20%.


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: BML is overvalued based on its PB Ratio (3.2x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

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

105.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

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

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


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BML's Return on Equity is forecast to be very high in 3 years time (61.1%).


Past Performance

How has Boab Metals performed over the past 5 years?

-22.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BML is currently unprofitable.

Growing Profit Margin: BML is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BML is unprofitable, and losses have increased over the past 5 years at a rate of 22% per year.

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

Earnings vs Industry: BML 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: BML has a negative Return on Equity (-29.67%), as it is currently unprofitable.


Financial Health

How is Boab Metals's financial position?


Financial Position Analysis

Short Term Liabilities: BML's short term assets (A$13.3M) exceed its short term liabilities (A$1.5M).

Long Term Liabilities: BML's short term assets (A$13.3M) exceed its long term liabilities (A$169.2K).


Debt to Equity History and Analysis

Debt Level: BML is debt free.

Reducing Debt: BML 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: BML has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: BML has less than a year of cash runway if free cash flow continues to reduce at historical rates of 21% each year


Dividend

What is Boab Metals's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

Simon Noon

8yrs

Tenure

AU$457,093

Compensation

Mr. Simon Alexander Noon, MAICD, AFAIM, serves as Managing Director of Boab Metals Limited (formerly known as Pacifico Minerals Limited) since October 19, 2013 and serves as its Chief Executive Officer. Mr...


CEO Compensation Analysis

Compensation vs Market: Simon's total compensation ($USD339.27K) is about average for companies of similar size in the Australian market ($USD302.72K).

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


Leadership Team

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


Board Members

Experienced Board: BML's board of directors are seasoned and experienced ( 10 years average tenure).


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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10.4%.


Top Shareholders

Company Information

Boab Metals Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Boab Metals Limited
  • Ticker: BML
  • Exchange: ASX
  • Founded: 2003
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$57.560m
  • Shares outstanding: 153.49m
  • Website: https://www.boabmetals.com

Location

  • Boab Metals Limited
  • 105 St Georges Terrace
  • Level 1
  • 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 Analysis2021/10/18 07:02
End of Day Share Price2021/10/18 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.