Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
Blackstone Minerals. This is due to cash flow or dividend data being
unavailable. The share price is
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.
The amount the stock market is willing to pay for
is considered below, and whether this is a fair price.
Price based on past earnings
Blackstone Minerals's earnings available for a low price, and how does
this compare to other companies in the same industry?
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 Simply Wall St do have past financial data. You can see them here.
Show me the analysis anyway
The future performance of a company is measured in the same way as past
performance, by looking at estimated
and how much profit it is expected to make.
Future estimates come from
professional analysts. Just like forecasting the weather, they don’t always get
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
expected to grow at an
Unable to compare Blackstone Minerals's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare Blackstone Minerals's earnings growth to the Australia market average as no estimate data is available.
Unable to compare Blackstone Minerals's revenue growth to the Australia market average as no estimate data is available.
Unable to determine if Blackstone Minerals is high growth as no earnings estimate data is available.
Unable to determine if Blackstone Minerals is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
Blackstone Minerals's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
Metals and Mining
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent
earnings report. Some checks require at least 3 or 5 years worth of data.
has a total score of
0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
Blackstone Minerals's finances.
The net worth of a company is the difference between its assets and liabilities.
Blackstone Minerals is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Blackstone Minerals has no long term commitments.
This treemap shows a more detailed breakdown of
Blackstone Minerals's finances. If any of them are yellow this
indicates they may be out of proportion and red means they relate to one of the
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
High level of physical assets or inventory.
Blackstone Minerals has no debt, it does not need to be covered by short term assets.
Nearly all companies have debt. Debt in itself isn’t
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.
The graphic below shows equity (available funds) and debt, we ideally want to
see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and
whether the level has increased over the past 5 years.
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
TENURE AS CEO
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 marketing, communications and managing relationships with analysts, stockbrokers and institutional investors. Prior to this, Mr. Williamson served as a Resources Analyst at Hartleys Research from August 2013 to September 2016, responsible for the analysis and valuation of mining equities, advising institutional and sophisticated investors. He has been Director at Blackstone Minerals Limited since October 2017. Mr. Williamson has a unique blend of experience in mining and finance and his corporate and technical expertise. He has over 10 years' experience in the mining and finance sectors across a variety of technical and corporate roles. Mr. Williamson has a background in operations management with experience in gold and base metals projects across Australia and Africa, having worked with major resources companies, mining contractors and small to mid-cap miners. He holds a WA First Class Mine Managers Certificate of Competency. Mr. Williamson is a Mining Engineer with a Bachelor of Commerce degree from the West Australian School of Mines, Curtin University.
Insufficient data for Scott to compare compensation growth.
Scott's remuneration is about average for companies of similar size in Australia.
Management Team Tenure
Average tenure of the
management team in years:
The average tenure for the Blackstone Minerals management team is less than 2 years, this suggests a new team.
MD & Director
Joint Company Secretary & CFO
Technical Director & Director
Joint Company Secretary
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The average tenure for the Blackstone Minerals board of directors is less than 3 years, this suggests a new board.
Board of Directors
Independent Non-Executive Chairman
MD & Director
Technical Director & Director
Who owns this company?
Recent Insider Trading
More shares have been bought than sold by Blackstone Minerals insiders in the past 3 months, but not in substantial volumes.
Easy Come, Easy Go: How Blackstone Minerals (ASX:BSX) Shareholders Got Unlucky And Saw 77% Of Their Cash Evaporate
So spare a thought for the long term shareholders of Blackstone Minerals Limited (ASX:BSX); the share price is down a whopping 77% in the last twelve months. … Blackstone Minerals recorded just AU$125,181 in revenue over the last twelve months, which isn't really enough for us to consider it to have a proven product. … It seems likely some shareholders believe that Blackstone Minerals will find or develop a valuable new mine before too long.
What You Must Know About Blackstone Minerals Limited's (ASX:BSX) Financial Strength
However, it also faces higher cost of capital given interest cost is generally lower than equity. … Is financial flexibility worth the lower cost of capital. … Debt capital generally has lower cost of capital compared to equity funding
Blackstone Minerals Limited explores for and develops gold, cobalt, and nickel properties. It primarily holds interests in the Red Gate project, including one granted exploration license covering an area of 145.2 square kilometers located to the northeast of Kalgoorlie, Western Australia; Silver Swan South project, which comprises one exploration license application and six granted prospecting licenses covering an area of 38.5 square kilometers located near Kalgoorlie in the Eastern Goldfields of Western Australia; and the Middle Creek project that consists 22 prospecting license applications covering an area of 39.7 square kilometers located in the Pilbara region of Western Australia. The company also holds interests in the Little Gem project located in British Columbia, Canada; and Cartier project located to the north-east of Quebec, Canada. Blackstone Minerals Limited was incorporated in 2016 and is based in West Perth, Australia.
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.