company background image
BRL

Bathurst ResourcesASX:BRL Stock Report

Market Cap

AU$141.9m

7D

-6.7%

1Y

115.4%

Updated

26 Oct, 2021

Data

Company Financials +
BRL fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance3/6
Financial Health4/6
Dividends0/6

BRL Overview

Bathurst Resources Limited engages in the exploration, development, and production of coal in New Zealand.

Bathurst Resources Competitors

Base Resources

ASX:BSE

AU$348.2m

Price History & Performance

Summary of all time highs, changes and price drops for Bathurst Resources
Historical stock prices
Current Share PriceAU$0.84
52 Week HighAU$0.28
52 Week LowAU$0.94
Beta0.31
1 Month Change-6.15%
3 Month Change25.37%
1 Year Change115.39%
3 Year Change-26.96%
5 Year Change23.53%
Change since IPO-65.00%

Recent News & Updates

Feb 27
Does Bathurst Resources (ASX:BRL) Have A Healthy Balance Sheet?

Does Bathurst Resources (ASX:BRL) Have A Healthy Balance Sheet?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Jan 19
Announcing: Bathurst Resources (ASX:BRL) Stock Soared An Exciting 346% In The Last Five Years

Announcing: Bathurst Resources (ASX:BRL) Stock Soared An Exciting 346% In The Last Five Years

For many, the main point of investing in the stock market is to achieve spectacular returns. And we've seen some truly...

Shareholder Returns

BRLAU Metals and MiningAU Market
7D-6.7%-0.4%0.8%
1Y115.4%15.6%24.4%

Return vs Industry: BRL exceeded the Australian Metals and Mining industry which returned 15.6% over the past year.

Return vs Market: BRL exceeded the Australian Market which returned 24.4% over the past year.

Price Volatility

Is BRL's price volatile compared to industry and market?
BRL volatility
BRL Beta0.31
Industry Beta0.97
Market Beta1

Stable Share Price: BRL is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: BRL's weekly volatility has decreased from 17% to 9% over the past year.

About the Company

FoundedEmployeesCEOWebsite
2013n/aRichard Taconhttps://www.bathurst.co.nz

Bathurst Resources Limited engages in the exploration, development, and production of coal in New Zealand. It also exports coal. The company was formerly known as Bathurst Resources (New Zealand) Limited and changed its name to Bathurst Resources Limited in December 2013.

Bathurst Resources Fundamentals Summary

How do Bathurst Resources's earnings and revenue compare to its market cap?
BRL fundamental statistics
Market CapNZ$148.37m
Earnings (TTM)NZ$66.72m
Revenue (TTM)NZ$48.17m

2.3x

P/E Ratio

3.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BRL income statement (TTM)
RevenueNZ$48.17m
Cost of RevenueNZ$38.14m
Gross ProfitNZ$10.03m
Expenses-NZ$56.69m
EarningsNZ$66.72m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.39
Gross Margin20.82%
Net Profit Margin138.52%
Debt/Equity Ratio7.3%

How did BRL perform over the long term?

See historical performance and comparison

Valuation

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

17.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BRL (A$0.84) is trading below our estimate of fair value (A$1.01)

Significantly Below Fair Value: BRL is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: BRL is good value based on its PE Ratio (2.3x) compared to the Australian Metals and Mining industry average (14.6x).

PE vs Market: BRL is good value based on its PE Ratio (2.3x) compared to the Australian market (20x).


Price to Earnings Growth Ratio

PEG Ratio: BRL's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: BRL is good value based on its PB Ratio (1.2x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

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

-27.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BRL's earnings are forecast to decline over the next 3 years (-27.2% per year).

Earnings vs Market: BRL's earnings are forecast to decline over the next 3 years (-27.2% per year).

High Growth Earnings: BRL's earnings are forecast to decline over the next 3 years.

Revenue vs Market: BRL's revenue (8.3% per year) is forecast to grow faster than the Australian market (5.3% per year).

High Growth Revenue: BRL's revenue (8.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BRL's Return on Equity is forecast to be low in 3 years time (12%).


Past Performance

How has Bathurst Resources performed over the past 5 years?

5.0%

Historical annual earnings growth


Earnings and Revenue History

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

Growing Profit Margin: BRL became profitable in the past.


Past Earnings Growth Analysis

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

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

Earnings vs Industry: BRL 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: BRL's Return on Equity (51.8%) is considered outstanding.


Financial Health

How is Bathurst Resources's financial position?


Financial Position Analysis

Short Term Liabilities: BRL's short term assets (NZ$15.6M) exceed its short term liabilities (NZ$13.3M).

Long Term Liabilities: BRL's short term assets (NZ$15.6M) do not cover its long term liabilities (NZ$17.8M).


Debt to Equity History and Analysis

Debt Level: BRL's debt to equity ratio (7.3%) is considered satisfactory.

Reducing Debt: BRL's debt to equity ratio has reduced from 7.3% to 7.3% over the past 5 years.

Debt Coverage: BRL's debt is well covered by operating cash flow (101.8%).

Interest Coverage: Insufficient data to determine if BRL's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

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

10.82%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if BRL's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: BRL is not paying a notable dividend for the Australian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BRL'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?

4.5yrs

Average management tenure


CEO

Richard Tacon

6.58yrs

Tenure

NZ$959,005

Compensation

Mr. Richard Tacon has been the Chief Executive Officer of Bathurst Resources Limited since March 24, 2015. Mr. Tacon had been the Chief Operating Officer of Bathurst Resources (New Zealand) Limited since...


CEO Compensation Analysis

Compensation vs Market: Richard's total compensation ($USD687.51K) is above average for companies of similar size in the Australian market ($USD301.38K).

Compensation vs Earnings: Richard's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: BRL's management team is considered experienced (4.5 years average tenure).


Board Members

Experienced Board: BRL's board of directors are considered experienced (3.5 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Bathurst Resources Limited
  • Ticker: BRL
  • Exchange: ASX
  • Founded: 2013
  • Industry: Steel
  • Sector: Materials
  • Market Cap: AU$141.890m
  • Shares outstanding: 170.95m
  • Website: https://www.bathurst.co.nz

Location

  • Bathurst Resources Limited
  • 1 Willeston Street
  • Level 12
  • Wellington
  • 6011
  • New Zealand

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 07:01
End of Day Share Price2021/10/26 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.