company background image
BNR

Bulletin ResourcesASX:BNR Stock Report

Market Cap

AU$18.3m

7D

12.9%

1Y

-10.3%

Updated

17 Oct, 2021

Data

Company Financials
BNR fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends0/6

BNR Overview

Bulletin Resources Limited operates as a minerals exploration company in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Bulletin Resources
Historical stock prices
Current Share PriceAU$0.07
52 Week HighAU$0.047
52 Week LowAU$0.13
Beta2.01
1 Month Change-7.90%
3 Month Change9.38%
1 Year Change-10.26%
3 Year Change105.88%
5 Year Change159.26%
Change since IPO-68.18%

Recent News & Updates

Oct 06
Bulletin Resources' (ASX:BNR) Earnings Aren't As Good As They Appear

Bulletin Resources' (ASX:BNR) Earnings Aren't As Good As They Appear

We didn't see Bulletin Resources Limited's ( ASX:BNR ) stock surge when it reported robust earnings recently. We looked...

Shareholder Returns

BNRAU Metals and MiningAU Market
7D12.9%4.3%0.9%
1Y-10.3%12.2%20.2%

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

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

Price Volatility

Is BNR's price volatile compared to industry and market?
BNR volatility
BNR Beta2.01
Industry Beta0.97
Market Beta1

Stable Share Price: BNR is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 19% a week.

Volatility Over Time: BNR's weekly volatility has increased from 13% to 19% over the past year.

About the Company

FoundedEmployeesCEOWebsite
20102n/ahttps://www.bulletinresources.com

Bulletin Resources Limited operates as a minerals exploration company in Australia. It holds interest in the Lake Rebecca gold project comprising four granted and one pending exploration license covering an area of 575 square kilometers located to the north-east of Kalgoorlie, Western Australia; Chifley Gold project covering an area of 79 square kilometers; Ravensthorpe Lithium project covering an area of 57 square kilometers; and Duketon North project covering an area of 176 square kilometers. The company was incorporated in 2010 and is based in Perth, Australia.

Bulletin Resources Fundamentals Summary

How do Bulletin Resources's earnings and revenue compare to its market cap?
BNR fundamental statistics
Market CapAU$18.27m
Earnings (TTM)AU$3.55m
Revenue (TTM)AU$1.85m

5.1x

P/E Ratio

9.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BNR income statement (TTM)
RevenueAU$1.85m
Cost of RevenueAU$0
Gross ProfitAU$1.85m
Expenses-AU$1.70m
EarningsAU$3.55m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.014
Gross Margin100.00%
Net Profit Margin191.91%
Debt/Equity Ratio0.0%

How did BNR perform over the long term?

See historical performance and comparison

Valuation

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

5.14x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: BNR is good value based on its PE Ratio (5.1x) compared to the Australian Metals and Mining industry average (15x).

PE vs Market: BNR is good value based on its PE Ratio (5.1x) compared to the Australian market (19.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BNR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BNR is overvalued based on its PB Ratio (3.6x) compared to the AU Metals and Mining industry average (2.5x).


Future Growth

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

-0.3%

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 Bulletin 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 Bulletin Resources performed over the past 5 years?

-4.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BNR has a high level of non-cash earnings.

Growing Profit Margin: BNR became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: BNR has become profitable over the past 5 years, growing earnings by -4.7% per year.

Accelerating Growth: BNR has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: BNR has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (35.3%).


Return on Equity

High ROE: BNR's Return on Equity (69.6%) is considered outstanding.


Financial Health

How is Bulletin Resources's financial position?


Financial Position Analysis

Short Term Liabilities: BNR's short term assets (A$4.6M) exceed its short term liabilities (A$1.4M).

Long Term Liabilities: BNR has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: BNR is debt free.

Reducing Debt: BNR has no debt compared to 5 years ago when its debt to equity ratio was 89.5%.

Debt Coverage: BNR has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: BNR has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

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


Dividend Yield vs Market

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

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

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

7.3yrs

Average board tenure


CEO

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


Board Members

Experienced Board: BNR's board of directors are considered experienced (7.3 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 45.6%.


Top Shareholders

Company Information

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


Key Information

  • Name: Bulletin Resources Limited
  • Ticker: BNR
  • Exchange: ASX
  • Founded: 2010
  • Industry: Gold
  • Sector: Materials
  • Market Cap: AU$18.274m
  • Shares outstanding: 261.06m
  • Website: https://www.bulletinresources.com

Number of Employees


Location

  • Bulletin Resources Limited
  • 139 Newcastle Street
  • Suite 11
  • 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 Analysis2021/10/17 07:03
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.