ASX:BSM

Stock Analysis Report

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Executive Summary

Bass Metals Limited engages in the production and sale of industrial mineral concentrates. More Details


Snowflake Analysis

Worrying balance sheet with weak fundamentals.

Share Price & News

How has Bass Metals's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BSM is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 26% a week.

Volatility Over Time: BSM's weekly volatility has decreased from 39% to 26% over the past year, but is still higher than 75% of Australian stocks.


Market Performance


7 Day Return

45.5%

BSM

-0.4%

AU Metals and Mining

1.4%

AU Market


1 Year Return

33.3%

BSM

25.8%

AU Metals and Mining

-0.6%

AU Market

Return vs Industry: BSM exceeded the Australian Metals and Mining industry which returned 25.8% over the past year.

Return vs Market: BSM exceeded the Australian Market which returned -0.6% over the past year.


Shareholder returns

BSMIndustryMarket
7 Day45.5%-0.4%1.4%
30 Day128.6%7.3%3.0%
90 Day166.7%24.4%12.2%
1 Year33.3%33.3%32.6%25.8%2.8%-0.6%
3 Year-66.7%-66.7%71.3%47.6%27.0%11.4%
5 Year99.5%99.5%277.8%207.5%68.6%34.6%

Long-Term Price Volatility Vs. Market

How volatile is Bass Metals's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

11.11x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: BSM is overvalued based on its PB Ratio (11.1x) compared to the AU Metals and Mining industry average (3x).


Next Steps

Future Growth

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

7.3%

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 Bass Metals 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.


Next Steps

Past Performance

How has Bass Metals performed over the past 5 years?

-34.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BSM is currently unprofitable.

Growing Profit Margin: BSM is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BSM is unprofitable, and losses have increased over the past 5 years at a rate of 34% per year.

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

Earnings vs Industry: BSM is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (38%).


Return on Equity

High ROE: BSM has a negative Return on Equity (-487.19%), as it is currently unprofitable.


Next Steps

Financial Health

How is Bass Metals's financial position?


Financial Position Analysis

Short Term Liabilities: BSM's short term assets (A$3.0M) do not cover its short term liabilities (A$7.6M).

Long Term Liabilities: BSM's short term assets (A$3.0M) exceed its long term liabilities (A$445.9K).


Debt to Equity History and Analysis

Debt Level: BSM's debt to equity ratio (218.5%) is considered high.

Reducing Debt: Insufficient data to determine if BSM's debt to equity ratio has reduced over the 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: BSM has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: BSM has less than a year of cash runway if free cash flow continues to reduce at historical rates of 30.3% each year


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

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

5.6yrs

Average board tenure


CEO

Tim McManus

4.5yrs

Tenure

AU$303,863

Compensation

Mr. Tim McManus, B.Sc., MBA, AusIMM (CP), has been the Chief Executive Officer at Bass Metals Limited since July 07, 2016. Mr. McManus served as the Chief Executive Officer of Elementos Limited since May 2...


CEO Compensation Analysis

Compensation vs Market: Tim's total compensation ($USD234.48K) is about average for companies of similar size in the Australian market ($USD293.77K).

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


Board Members

NamePositionTenureCompensationOwnership
Peter Wright
Executive Director4.33yrsAU$125.00k1.16%
A$ 326.2k
Richard Anthon
Non-Executive Chairman7.25yrsAU$67.50k1.41%
A$ 397.2k
Jeffrey Marvin
Non-Executive Director5.58yrsAU$45.00k0.75%
A$ 210.6k

5.6yrs

Average Tenure

Experienced Board: BSM's board of directors are considered experienced (5.6 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 43.1%.


Top Shareholders

Company Information

Bass Metals Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bass Metals Limited
  • Ticker: BSM
  • Exchange: ASX
  • Founded: 2004
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$28.152m
  • Shares outstanding: 4.02b
  • Website: https://www.bassmetals.com.au

Location

  • Bass Metals Limited
  • Matisse Tower
  • Level 22
  • Brisbane
  • Queensland
  • 4000
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BSMASX (Australian Securities Exchange)YesOrdinary SharesAUAUDOct 2005
BSSM.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDOct 2005
R2FDB (Deutsche Boerse AG)YesOrdinary SharesDEEUROct 2005
BSMCHIA (Chi-X Australia)YesOrdinary SharesAUAUDOct 2005
R2FHMSE (Hamburg Stock Exchange)YesOrdinary SharesDEEUROct 2005

Biography

Bass Metals Limited engages in the production and sale of industrial mineral concentrates. It holds 100% interest in the Graphmada Large Flake Graphite mine located in eastern Madagascar. It also owns the ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/25 07:04
End of Day Share Price2021/01/25 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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.