Executive Summary
Base Resources Limited produces and sells mineral sands in Africa. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 42.6% per year for the next 3 years
Snowflake Analysis
Flawless balance sheet and undervalued.
Similar Companies
Share Price & News
How has Base Resources's share price performed over time and what events caused price changes?
Latest Share Price and Events
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.
Market Performance
7 Day Return
-3.4%
BSE
-2.4%
AU Metals and Mining
0.1%
AU Market
1 Year Return
16.7%
BSE
26.9%
AU Metals and Mining
0.2%
AU Market
Return vs Industry: BSE underperformed the Australian Metals and Mining industry which returned 26.9% over the past year.
Return vs Market: BSE exceeded the Australian Market which returned 0.2% over the past year.
Shareholder returns
| BSE | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.4% | -2.4% | 0.1% |
| 30 Day | 5.7% | 5.0% | 2.7% |
| 90 Day | 19.1% | 26.8% | 15.4% |
| 1 Year | 32.4%16.7% | 33.9%26.9% | 3.6%0.2% |
| 3 Year | 11.5%-1.8% | 72.8%48.7% | 27.2%11.6% |
| 5 Year | 1,200.2%937.0% | 285.1%215.5% | 72.2%38.1% |
Long-Term Price Volatility Vs. Market
How volatile is Base Resources's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Are Base Resources's (ASX:BSE) Statutory Earnings A Good Reflection Of Its Earnings Potential?1 month ago | Simply Wall St
Have Insiders Been Selling Base Resources Limited (ASX:BSE) Shares?1 month ago | Simply Wall St
We Think Base Resources (ASX:BSE) Can Stay On Top Of Its DebtValuation
Is Base Resources 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: BSE (A$0.28) is trading below our estimate of fair value (A$0.56)
Significantly Below Fair Value: BSE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BSE is good value based on its PE Ratio (6.4x) compared to the AU Metals and Mining industry average (14.3x).
PE vs Market: BSE is good value based on its PE Ratio (6.4x) compared to the Australian market (23.5x).
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 (3x).
Next Steps
Future Growth
How is Base Resources forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
-42.6%
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 (-42.6% per year).
Earnings vs Market: BSE's earnings are forecast to decline over the next 3 years (-42.6% 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 (-2.3% per year).
High Growth Revenue: BSE's revenue is forecast to decline over the next 3 years (-2.3% 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 (5%).
Next Steps
Past Performance
How has Base Resources performed over the past 5 years?
53.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BSE has high quality earnings.
Growing Profit Margin: BSE's current net profit margins (19%) are higher than last year (18.7%).
Past Earnings Growth Analysis
Earnings Trend: BSE has become profitable over the past 5 years, growing earnings by 53.5% per year.
Accelerating Growth: BSE's earnings growth over the past year (1.2%) is below its 5-year average (53.5% per year).
Earnings vs Industry: BSE earnings growth over the past year (1.2%) underperformed the Metals and Mining industry 38%.
Return on Equity
High ROE: BSE's Return on Equity (10.9%) is considered low.
Next Steps
Financial Health
How is Base Resources's financial position?
Financial Position Analysis
Short Term Liabilities: BSE's short term assets ($236.0M) exceed its short term liabilities ($88.3M).
Long Term Liabilities: BSE's short term assets ($236.0M) exceed its long term liabilities ($83.4M).
Debt to Equity History and Analysis
Debt Level: BSE's debt to equity ratio (20.4%) is considered satisfactory.
Reducing Debt: BSE's debt to equity ratio has reduced from 126.5% to 20.4% over the past 5 years.
Debt Coverage: BSE's debt is well covered by operating cash flow (142.9%).
Interest Coverage: BSE's interest payments on its debt are well covered by EBIT (22.9x coverage).
Balance Sheet
Next Steps
Dividend
What is Base Resources's current dividend yield, its reliability and sustainability?
11.41%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BSE's dividend (11.41%) is higher than the bottom 25% of dividend payers in the Australian market (2.03%).
High Dividend: BSE's dividend (11.41%) is in the top 25% of dividend payers in the Australian market (5.1%)
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 reasonable payout ratio (71.4%), BSE's dividend payments are 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.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
8.7yrs
Average management tenure
CEO
Tim Carstens
12.67yrs
Tenure
US$869,028
Compensation
Mr. Timothy James Carstens, also known as Tom, BCom, ACA, serves as Managing Director of Base Resources Limited since the Company’s inception in May 2008. Mr. Carstens has a diverse and substantial skill, ...
CEO Compensation Analysis
Compensation vs Market: Tim's total compensation ($USD869.03K) is above average for companies of similar size in the Australian market ($USD500.07K).
Compensation vs Earnings: Tim's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Executive Director | 12.67yrs | US$869.03k | 0.64% $ 2.1m | |
| Chief Financial Officer | 8.67yrs | US$460.60k | 0.17% $ 560.0k | |
| Executive Director of Operations & Development and Executive Director | 10.5yrs | US$873.75k | 0.61% $ 2.0m | |
| General Counsel & Company Secretary | 3.33yrs | US$424.00k | 0.069% $ 226.0k | |
| General Manager of Marketing | 8yrs | US$492.08k | 0.097% $ 319.0k | |
| General Manager of Project Development | 5.42yrs | US$454.53k | 0.28% $ 913.8k | |
| Manager of Communications & Investor Relations | no data | no data | no data | |
| General Manager of Environment & Community Affairs | 8.75yrs | US$595.65k | no data | |
| General Manager of External Affairs - Madagascar | 3yrs | no data | no data | |
| General Manager of Operations | 9.25yrs | US$743.94k | no data |
8.7yrs
Average Tenure
Experienced Management: BSE's management team is seasoned and experienced (8.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Executive Director | 12.67yrs | US$869.03k | 0.64% $ 2.1m | |
| Executive Director of Operations & Development and Executive Director | 10.5yrs | US$873.75k | 0.61% $ 2.0m | |
| Non-Executive Director | 6.17yrs | US$58.87k | no data | |
| Independent Non-Executive Chairman | 5.67yrs | US$99.66k | 0.057% $ 186.7k | |
| Independent Non-Executive Director | 7.5yrs | US$68.87k | no data | |
| Independent Non-Executive Director | 2.92yrs | US$62.66k | 0.042% $ 140.0k | |
| Independent Non-Executive Director | 0.25yr | no data | no data |
6.2yrs
Average Tenure
57.5yo
Average Age
Experienced Board: BSE's board of directors are considered experienced (6.2 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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Base Resources Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Base Resources Limited
- Ticker: BSE
- Exchange: ASX
- Founded: 2007
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: AU$329.843m
- Shares outstanding: 1.18b
- Website: https://www.baseresources.com.au
Number of Employees
Location
- Base Resources Limited
- 50 Kings Park Road
- Level 1
- West Perth
- Western Australia
- 6005
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BSE | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Oct 2008 |
| BSE | AIM (London Stock Exchange AIM Market) | Yes | Ordinary Shares | GB | GBP | Oct 2008 |
| BSE | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Oct 2008 |
| B4Z | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Oct 2008 |
Biography
Base Resources Limited produces and sells mineral sands in Africa. It produces mineral sands, such as rutile, ilmenite, and zircon. The company primarily owns 100% interests in the Kwale Mineral Sands proj...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/28 07:05 |
| End of Day Share Price | 2021/01/28 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2020/06/30 |
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.