Base Resources Limited develops, produces, and sells mineral sands in Africa.
Base Resources Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.28|
|52 Week High||AU$0.23|
|52 Week Low||AU$0.34|
|1 Month Change||-4.35%|
|3 Month Change||-8.33%|
|1 Year Change||-6.78%|
|3 Year Change||14.58%|
|5 Year Change||89.66%|
|Change since IPO||37.50%|
Recent News & Updates
Base Resources (ASX:BSE) Seems To Use Debt Quite Sensibly
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
|BSE||AU Metals and Mining||AU Market|
Return vs Industry: BSE underperformed the Australian Metals and Mining industry which returned 16.1% over the past year.
Return vs Market: BSE underperformed the Australian Market which returned 27.3% over the past year.
Stable Share Price: BSE is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: BSE's weekly volatility (7%) has been stable over the past year.
About the Company
Base Resources Limited develops, produces, and sells mineral sands in Africa. The company produces mineral sands, such as rutile, ilmenite, and zircon. It primarily owns a 100% interest in the Kwale Mineral Sands project located in Kenya; and develops the Toliara project located in Madagascar.
Base Resources Fundamentals Summary
|BSE fundamental statistics|
Is BSE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|BSE income statement (TTM)|
|Cost of Revenue||US$139.31m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.0093|
|Net Profit Margin||5.54%|
How did BSE perform over the long term?See historical performance and comparison
29.0%Current Dividend Yield
Is Base Resources undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate BSE's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate BSE's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: BSE is poor value based on its PE Ratio (21.3x) compared to the Australian Metals and Mining industry average (12.1x).
PE vs Market: BSE is poor value based on its PE Ratio (21.3x) compared to the Australian market (18.7x).
Price to Earnings Growth Ratio
PEG Ratio: BSE's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: BSE is good value based on its PB Ratio (0.7x) compared to the AU Metals and Mining industry average (2.8x).
How is Base Resources forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BSE's earnings are forecast to decline over the next 3 years (-5.5% per year).
Earnings vs Market: BSE's earnings are forecast to decline over the next 3 years (-5.5% per year).
High Growth Earnings: BSE's earnings are forecast to decline over the next 3 years.
Revenue vs Market: BSE's revenue is expected to decline over the next 3 years (-11.4% per year).
High Growth Revenue: BSE's revenue is forecast to decline over the next 3 years (-11.4% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BSE's Return on Equity is forecast to be low in 3 years time (3%).
How has Base Resources performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BSE has high quality earnings.
Growing Profit Margin: BSE's current net profit margins (5.5%) are lower than last year (19%).
Past Earnings Growth Analysis
Earnings Trend: BSE has become profitable over the past 5 years, growing earnings by 23.4% per year.
Accelerating Growth: BSE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BSE had negative earnings growth (-72.3%) over the past year, making it difficult to compare to the Metals and Mining industry average (43.2%).
Return on Equity
High ROE: BSE's Return on Equity (3.4%) is considered low.
How is Base Resources's financial position?
Financial Position Analysis
Short Term Liabilities: BSE's short term assets ($154.1M) exceed its short term liabilities ($67.3M).
Long Term Liabilities: BSE's short term assets ($154.1M) exceed its long term liabilities ($29.7M).
Debt to Equity History and Analysis
Debt Level: BSE is debt free.
Reducing Debt: BSE has no debt compared to 5 years ago when its debt to equity ratio was 118.3%.
Debt Coverage: BSE has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: BSE has no debt, therefore coverage of interest payments is not a concern.
What is Base Resources's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BSE's dividend (29.01%) is higher than the bottom 25% of dividend payers in the Australian market (2.33%).
High Dividend: BSE's dividend (29.01%) is in the top 25% of dividend payers in the Australian market (5.26%)
Stability and Growth of Payments
Stable Dividend: Too early to tell whether BSE's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if BSE's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (561.5%), BSE's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Timothy James Carstens, also known as Tom, BCom, ACA, serves as Managing Director of Base Resources Limited since the Company’s inception in May 2008. Mr. Carstens has a diverse and substantial skill,...
CEO Compensation Analysis
Compensation vs Market: Tim's total compensation ($USD1.05M) is above average for companies of similar size in the Australian market ($USD516.53K).
Compensation vs Earnings: Tim's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Experienced Management: BSE's management team is seasoned and experienced (9.3 years average tenure).
Experienced Board: BSE's board of directors are considered experienced (6.8 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Base Resources Limited's employee growth, exchange listings and data sources
- Name: Base Resources Limited
- Ticker: BSE
- Exchange: ASX
- Founded: 2007
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: AU$324.959m
- Shares outstanding: 1.16b
- Website: https://www.baseresources.com.au
- Base Resources Limited
- 46 Colin Street
- Level 3
- West Perth
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/16 08:04|
|End of Day Share Price||2021/09/16 00:00|
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.