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BSX

Blackstone MineralsASX:BSX Stock Report

Market Cap

AU$199.7m

7D

7.3%

1Y

51.9%

Updated

21 Oct, 2021

Data

Company Financials +
BSX fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance0/6
Financial Health4/6
Dividends0/6

BSX Overview

Blackstone Minerals Limited engages in the exploration and development of mineral properties.

Price History & Performance

Summary of all time highs, changes and price drops for Blackstone Minerals
Historical stock prices
Current Share PriceAU$0.58
52 Week HighAU$0.32
52 Week LowAU$0.63
Beta1.52
1 Month Change28.57%
3 Month Change28.57%
1 Year Change51.95%
3 Year Change431.82%
5 Year Changen/a
Change since IPO185.37%

Recent News & Updates

Shareholder Returns

BSXAU Metals and MiningAU Market
7D7.3%-0.3%0.7%
1Y51.9%12.5%21.4%

Return vs Industry: BSX exceeded the Australian Metals and Mining industry which returned 11.3% over the past year.

Return vs Market: BSX exceeded the Australian Market which returned 21.1% over the past year.

Price Volatility

Is BSX's price volatile compared to industry and market?
BSX volatility
BSX Beta1.52
Industry Beta0.97
Market Beta1

Stable Share Price: BSX is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: BSX's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2016n/aScott Williamsonhttps://www.blackstoneminerals.com.au

Blackstone Minerals Limited engages in the exploration and development of mineral properties. The company primarily explores for nickel, cobalt, copper, and gold deposits, as well as platinum group elements. It holds a 100% interest in the Gold Bridge project located in British Columbia, Canada; and the Cartier project situated in Quebec City, Canada.

Blackstone Minerals Fundamentals Summary

How do Blackstone Minerals's earnings and revenue compare to its market cap?
BSX fundamental statistics
Market CapAU$199.74m
Earnings (TTM)-AU$14.46m
Revenue (TTM)AU$77.25k

2.7kx

P/S Ratio

-13.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BSX income statement (TTM)
RevenueAU$77.25k
Cost of RevenueAU$0
Gross ProfitAU$77.25k
ExpensesAU$14.54m
Earnings-AU$14.46m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.042
Gross Margin100.00%
Net Profit Margin-18,718.01%
Debt/Equity Ratio0%

How did BSX perform over the long term?

See historical performance and comparison

Valuation

Is Blackstone Minerals 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: BSX (A$0.59) is trading below our estimate of fair value (A$46.96)

Significantly Below Fair Value: BSX is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BSX is unprofitable, so we can't compare its PE Ratio to the Australian 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 (6.7x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

How is Blackstone Minerals forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

51.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BSX is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: BSX is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: BSX is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: BSX's revenue (71.2% per year) is forecast to grow faster than the Australian market (5.4% per year).

High Growth Revenue: BSX's revenue (71.2% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BSX is forecast to be unprofitable in 3 years.


Past Performance

How has Blackstone Minerals performed over the past 5 years?

-29.6%

Historical annual 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: BSX is unprofitable, and losses have increased over the past 5 years at a rate of 29.6% per year.

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 (35.3%).


Return on Equity

High ROE: BSX has a negative Return on Equity (-56.9%), as it is currently unprofitable.


Financial Health

How is Blackstone Minerals's financial position?


Financial Position Analysis

Short Term Liabilities: BSX's short term assets (A$22.9M) exceed its short term liabilities (A$4.9M).

Long Term Liabilities: BSX's short term assets (A$22.9M) exceed its long term liabilities (A$2.8M).


Debt to Equity History and Analysis

Debt Level: BSX's debt to equity ratio (0%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if BSX'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: BSX has sufficient cash runway for more than a year 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 45.7% each year


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 recent payouts.

High Dividend: Unable to evaluate BSX'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 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?

3.9yrs

Average management tenure


CEO

Scott Williamson

3.92yrs

Tenure

AU$382,144

Compensation

Mr. Scott Williamson, BEng (Mining) BCom, MAusIMM, is Managing Director and Executive Director at Blackstone Minerals Limited since November 6, 2017. Mr. Williamson served as Investor Relations Manager at...


CEO Compensation Analysis

Compensation vs Market: Scott's total compensation ($USD286.19K) is about average for companies of similar size in the Australian market ($USD303.55K).

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


Leadership Team

Experienced Management: BSX's management team is considered experienced (3.9 years average tenure).


Board Members

Experienced Board: BSX's board of directors are considered experienced (3.9 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 6.6%.


Top Shareholders

Company Information

Blackstone Minerals Limited's 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$199.738m
  • Shares outstanding: 341.43m
  • Website: https://www.blackstoneminerals.com.au

Location

  • Blackstone Minerals Limited
  • 24 Outram Street
  • Suite 3
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 18:15
End of Day Share Price2021/10/21 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.