Executive Summary
Blackstone Minerals Limited explores for and develops mineral properties.
Rewards
Risk Analysis
Shareholders have been substantially diluted in the past year
Currently unprofitable and not forecast to become profitable over the next 3 years
+ 2 more risks
Snowflake Analysis
Adequate balance sheet with weak fundamentals.
Share Price & News
How has Blackstone Minerals's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BSX's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
19.3%
BSX
-3.1%
AU Metals and Mining
5.3%
AU Market
1 Year Return
34.6%
BSX
-20.2%
AU Metals and Mining
-17.6%
AU Market
Return vs Industry: BSX exceeded the Australian Metals and Mining industry which returned -22% over the past year.
Return vs Market: BSX exceeded the Australian Market which returned -19.4% over the past year.
Shareholder returns
| BSX | Industry | Market | |
|---|---|---|---|
| 7 Day | 19.3% | -3.1% | 5.3% |
| 30 Day | -4.5% | -10.2% | -18.2% |
| 90 Day | -34.4% | -21.1% | -22.6% |
| 1 Year | 34.6%34.6% | -15.7%-20.2% | -13.9%-17.6% |
| 3 Year | -43.2%-43.2% | 26.3%8.7% | -0.4%-14.1% |
| 5 Year | n/a | 59.4%21.2% | 10.7%-14.3% |
Price Volatility Vs. Market
How volatile is Blackstone Minerals's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Do Insiders Own Shares In Blackstone Minerals Limited (ASX:BSX)?1 month ago | Simply Wall St
If You Had Bought Blackstone Minerals (ASX:BSX) Shares A Year Ago You'd Have Made 107%2 months ago | Simply Wall St
Read This Before Selling Blackstone Minerals Limited (ASX:BSX) SharesValuation
Is Blackstone Minerals undervalued compared to its fair value and its price relative to the market?
1.43x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate BSX's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate BSX's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: BSX is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.
PE vs Market: BSX 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 BSX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BSX is overvalued based on its PB Ratio (1.4x) compared to the AU Metals and Mining industry average (1x).
Next Steps
Future Growth
How is Blackstone Minerals forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
-0.3%
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 Blackstone Minerals 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
- Examine Blackstone Minerals's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Blackstone Minerals 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 Blackstone Minerals performed over the past 5 years?
-4.2%
Last years earnings growth
Earnings and Revenue History
Quality Earnings: BSX is currently unprofitable.
Growing Profit Margin: BSX is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if BSX's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Unable to compare BSX's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: BSX is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-7%).
Return on Equity
High ROE: BSX has a negative Return on Equity (-40.83%), as it is currently unprofitable.
Next Steps
Financial Health
How is Blackstone Minerals's financial position?
Financial Position Analysis
Short Term Liabilities: BSX's short term assets (A$3.8M) exceed its short term liabilities (A$798.6K).
Long Term Liabilities: BSX's short term assets (A$3.8M) exceed its long term liabilities (A$314.3K).
Debt to Equity History and Analysis
Debt Level: BSX is debt free.
Reducing Debt: BSX has not had any debt for past 5 years.
Balance Sheet
Inventory Level: BSX has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if BSX's debt is covered by short term assets.
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: BSX has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: BSX has less than a year of cash runway if free cash flow continues to reduce at historical rates of -38.9% each year
Next Steps
Dividend
What is Blackstone Minerals's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate BSX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate BSX's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if BSX's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if BSX'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 BSX'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?
3.4yrs
Average management tenure
CEO
Scott Williamson
2.42s
Tenure
AU$371,290
Compensation
Mr. Scott Williamson is a Managing Director at Blackstone Minerals Limited since October 2017. Mr. Williamson served as Investor Relations Manager at Resolute Mining Limited, where he was responsible for m ...
CEO Compensation Analysis
Compensation vs Market: Scott's total compensation ($USD227.77K) is about average for companies of similar size in the Australian market ($USD246.06K).
Compensation vs Earnings: Scott's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Director | 2.42yrs | AU$371.29k | 1.56% A$315.0k | |
| Joint Company Secretary & CFO | 3.08yrs | AU$90.30k | 0.078% A$15.8k | |
| Technical Director & Director | 3.67yrs | AU$138.77k | 3.28% A$662.4k | |
| Exploration Manager | 3.67yrs | no data | 1.36% A$275.6k |
3.4yrs
Average Tenure
Experienced Management: BSX's management team is considered experienced (3.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Director | 2.42yrs | AU$371.29k | 1.56% A$315.0k | |
| Technical Director & Director | 3.67yrs | AU$138.77k | 3.28% A$662.4k | |
| Independent Non-Executive Chairman | 3.67yrs | AU$76.89k | 3.89% A$785.5k | |
| Non-Executive Director | 2.5yrs | AU$45.69k | 4.48% A$905.4k |
3.1yrs
Average Tenure
46yo
Average Age
Experienced Board: BSX's board of directors are considered experienced (3.1 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 substantially diluted in the past year, with total shares outstanding growing by 55.2%.
Top Shareholders
Company Information
Blackstone Minerals Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Blackstone Minerals Limited
- Ticker: BSX
- Exchange: ASX
- Founded: 2016
- Industry: Gold
- Sector: Materials
- Market Cap: AU$20.208m
- Shares outstanding: 192.46m
- Website: https://www.blackstoneminerals.com.au
Location
- Blackstone Minerals Limited
- 24 Outram Street
- Suite 3
- West Perth
- Western Australia
- 6005
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BSX | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Jan 2017 |
| BSX | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Jan 2017 |
| B9S | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 2017 |
| BLST.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jan 2017 |
Biography
Blackstone Minerals Limited explores for and develops mineral properties. Its portfolio of projects include the Ta Khoa Nickel project in northern Vietnam; the BC Cobalt project in British Columbia, Canada; and gold and nickel projects in Western Australia. Blackstone Minerals Limited was incorporated in 2016 and is based in West Perth, Australia.Â
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/01 11:15 |
| End of Day Share Price | 2020/04/01 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/06/30 |
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.