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BSX

Blackstone Minerals ASX:BSX Stock Report

Last Price

AU$0.28

Market Cap

AU$132.0m

7D

27.3%

1Y

-38.5%

Updated

14 Aug, 2022

Data

Company Financials +
BSX fundamental analysis
Snowflake Score
Valuation4/6
Future Growth5/6
Past Performance0/6
Financial Health5/6
Dividends0/6

BSX Stock Overview

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

Blackstone Minerals Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Blackstone Minerals
Historical stock prices
Current Share PriceAU$0.28
52 Week HighAU$0.84
52 Week LowAU$0.17
Beta1.75
1 Month Change60.00%
3 Month Change-3.45%
1 Year Change-38.46%
3 Year Change180.00%
5 Year Change12.00%
Change since IPO36.59%

Recent News & Updates

Shareholder Returns

BSXAU Metals and MiningAU Market
7D27.3%3.1%0.7%
1Y-38.5%-14.4%-8.5%

Return vs Industry: BSX underperformed the Australian Metals and Mining industry which returned -14.4% over the past year.

Return vs Market: BSX underperformed the Australian Market which returned -8.5% over the past year.

Price Volatility

Is BSX's price volatile compared to industry and market?
BSX volatility
BSX Average Weekly Movement14.0%
Metals and Mining Industry Average Movement12.4%
Market Average Movement10.6%
10% most volatile stocks in AU Market18.1%
10% least volatile stocks in AU Market4.6%

Stable Share Price: BSX is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 14% a week.

Volatility Over Time: BSX's weekly volatility (14%) 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$132.01m
Earnings (TTM)-AU$19.33m
Revenue (TTM)AU$70.15k

2,000x

P/S Ratio

-6.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BSX income statement (TTM)
RevenueAU$70.15k
Cost of RevenueAU$0
Gross ProfitAU$70.15k
Other ExpensesAU$19.40m
Earnings-AU$19.33m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.041
Gross Margin100.00%
Net Profit Margin-27,554.07%
Debt/Equity Ratio0%

How did BSX perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is BSX undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BSX?

Other financial metrics that can be useful for relative valuation.

BSX key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1012.9x
Enterprise Value/EBITDA-2.9x
PEG Ration/a

Price to Book Ratio vs Peers

How does BSX's PB Ratio compare to its peers?

BSX PB Ratio vs Peers
The above table shows the PB ratio for BSX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average4.8x
JRL Jindalee Resources
8.8xn/aAU$166.4m
ESS Essential Metals
5.4xn/aAU$134.5m
TNG TNG
2.1xn/aAU$152.7m
STM Sunstone Metals
2.9xn/aAU$124.6m
BSX Blackstone Minerals
1.6x47.1%AU$132.0m

Price-To-Book vs Peers: BSX is good value based on its Price-To-Book Ratio (1.6x) compared to the peer average (4.8x).


Price to Earnings Ratio vs Industry

How does BSX's PE Ratio compare vs other companies in the AU Metals and Mining Industry?

Price-To-Book vs Industry: BSX is good value based on its Price-To-Book Ratio (1.6x) compared to the Australian Metals and Mining industry average (2.1x)


Price to Book Ratio vs Fair Ratio

What is BSX's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BSX PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio1.6x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate BSX's Price-To-Book Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of BSX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BSX (A$0.28) is trading below our estimate of fair value (A$2.59)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Future Growth

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

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


47.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BSX is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.8%).

Earnings vs Market: BSX is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: BSX is expected to become profitable in the next 3 years.

Revenue vs Market: BSX's revenue (20.1% per year) is forecast to grow faster than the Australian market (5.6% per year).

High Growth Revenue: BSX's revenue (20.1% 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.


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Past Performance

How has Blackstone Minerals performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-34.5%

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 34.5% 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 (57.3%).


Return on Equity

High ROE: BSX has a negative Return on Equity (-29.17%), as it is currently unprofitable.


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Financial Health

How is Blackstone Minerals's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: BSX's short term assets (A$62.0M) exceed its short term liabilities (A$4.7M).

Long Term Liabilities: BSX's short term assets (A$62.0M) exceed its long term liabilities (A$2.7M).


Debt to Equity History and Analysis

Debt Level: BSX is debt free.

Reducing Debt: BSX had no debt 5 years ago.


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: Insufficient data to determine if BSX has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


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Dividend

What is Blackstone Minerals's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

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.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as BSX has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

3.2yrs

Average management tenure


CEO

Scott Williamson

4.75yrs

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 ($USD271.43K) is about average for companies of similar size in the Australian market ($USD285.66K).

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 (3.2 years average tenure).


Board Members

Experienced Board: BSX's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: BSX 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 42.1%.


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: Diversified Metals and Mining
  • Sector: Materials
  • Implied Market Cap: AU$132.005m
  • Shares outstanding: 471.45m
  • Website: https://www.blackstoneminerals.com.au

Location

  • Blackstone Minerals Limited
  • 600 Murray Street
  • Level 5
  • 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 Analysis2022/08/14 00:00
End of Day Share Price2022/08/12 00:00
Earnings2021/12/31
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.