ASX:BSX

Stock Analysis Report

Blackstone Minerals

Executive Summary

Blackstone Minerals Limited explores for and develops mineral properties.


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

BSXIndustryMarket
7 Day19.3%-3.1%5.3%
30 Day-4.5%-10.2%-18.2%
90 Day-34.4%-21.1%-22.6%
1 Year34.6%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 Yearn/a59.4%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

Valuation

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

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

NamePositionTenureCompensationOwnership
Scott Williamson
MD & Director2.42yrsAU$371.29k1.56% A$315.0k
Jamie Byrde
Joint Company Secretary & CFO3.08yrsAU$90.30k0.078% A$15.8k
Andrew Radonjic
Technical Director & Director3.67yrsAU$138.77k3.28% A$662.4k
Stuart Owen
Exploration Manager3.67yrsno data1.36% A$275.6k

3.4yrs

Average Tenure

Experienced Management: BSX's management team is considered experienced (3.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Scott Williamson
MD & Director2.42yrsAU$371.29k1.56% A$315.0k
Andrew Radonjic
Technical Director & Director3.67yrsAU$138.77k3.28% A$662.4k
Hamish Halliday
Independent Non-Executive Chairman3.67yrsAU$76.89k3.89% A$785.5k
Stephen Parsons
Non-Executive Director2.5yrsAU$45.69k4.48% 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BSXASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJan 2017
BSXCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJan 2017
B9SDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 2017
BLST.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/01 11:15
End of Day Share Price2020/04/01 00:00
Earnings2019/12/31
Annual Earnings2019/06/30


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.