Executive Summary
Bass Metals Limited engages in the production and sale of industrial mineral concentrates. More Details
Risk Analysis
+ 2 more risks
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
| BSM | Industry | Market | |
|---|---|---|---|
| 7 Day | 45.5% | -0.4% | 1.4% |
| 30 Day | 128.6% | 7.3% | 3.0% |
| 90 Day | 166.7% | 24.4% | 12.2% |
| 1 Year | 33.3%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 Year | 99.5%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
3 months ago | Simply Wall St
We Think Bass Metals (ASX:BSM) Has A Fair Chunk Of Debt10 months ago | Simply Wall St
Do Directors Own Bass Metals Limited (ASX:BSM) Shares?11 months ago | Simply Wall St
When Can We Expect A Profit From Bass Metals Limited (ASX:BSM)?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
- Take a look at our analysis of BSM’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Bass Metals competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Director | 4.33yrs | AU$125.00k | 1.16% A$ 326.2k | |
| Non-Executive Chairman | 7.25yrs | AU$67.50k | 1.41% A$ 397.2k | |
| Non-Executive Director | 5.58yrs | AU$45.00k | 0.75% A$ 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BSM | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Oct 2005 |
| BSSM.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Oct 2005 |
| R2F | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Oct 2005 |
| BSM | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Oct 2005 |
| R2F | HMSE (Hamburg Stock Exchange) | Yes | Ordinary Shares | DE | EUR | Oct 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/25 07:04 |
| End of Day Share Price | 2021/01/25 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.