company background image
BTR

Brightstar ResourcesASX:BTR Stock Report

Market Cap

AU$26.3m

7D

35.1%

1Y

78.6%

Updated

17 Oct, 2021

Data

Company Financials
BTR fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance3/6
Financial Health2/6
Dividends0/6

BTR Overview

Brightstar Resources Limited, together with its subsidiaries, explores for and develops mineral properties in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Brightstar Resources
Historical stock prices
Current Share PriceAU$0.05
52 Week HighAU$0.024
52 Week LowAU$0.093
Beta3.64
1 Month Change51.52%
3 Month Change78.57%
1 Year Change78.57%
3 Year Change2,400.00%
5 Year Change1,150.00%
Change since IPO-77.84%

Recent News & Updates

Shareholder Returns

BTRAU Metals and MiningAU Market
7D35.1%4.3%0.9%
1Y78.6%12.2%20.2%

Return vs Industry: BTR exceeded the Australian Metals and Mining industry which returned 12.2% over the past year.

Return vs Market: BTR exceeded the Australian Market which returned 20.2% over the past year.

Price Volatility

Is BTR's price volatile compared to industry and market?
BTR volatility
BTR Beta3.64
Industry Beta0.97
Market Beta1

Stable Share Price: BTR is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 17% a week.

Volatility Over Time: BTR's weekly volatility (17%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
2002n/aBill Hobbahttps://www.brightstarresources.com.au

Brightstar Resources Limited, together with its subsidiaries, explores for and develops mineral properties in Australia. The company primarily explores for gold deposits. It holds interests in the Alpha Deposit, Beta, and Cork Tree Well (Delta) Deposit located in Western Australia.

Brightstar Resources Fundamentals Summary

How do Brightstar Resources's earnings and revenue compare to its market cap?
BTR fundamental statistics
Market CapAU$26.33m
Earnings (TTM)AU$60.55m
Revenue (TTM)AU$96.07k

0.4x

P/E Ratio

277.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BTR income statement (TTM)
RevenueAU$96.07k
Cost of RevenueAU$332.00k
Gross Profit-AU$235.94k
Expenses-AU$60.79m
EarningsAU$60.55m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.11
Gross Margin-245.60%
Net Profit Margin63,032.18%
Debt/Equity Ratio27.0%

How did BTR perform over the long term?

See historical performance and comparison

Valuation

Is Brightstar Resources undervalued compared to its fair value and its price relative to the market?

0.43x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate BTR's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate BTR's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: BTR is good value based on its PE Ratio (0.4x) compared to the Australian Metals and Mining industry average (15x).

PE vs Market: BTR is good value based on its PE Ratio (0.4x) compared to the Australian market (19.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BTR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BTR is overvalued based on its PB Ratio (11.3x) compared to the AU Metals and Mining industry average (2.5x).


Future Growth

How is Brightstar Resources 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 Brightstar Resources 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.


Past Performance

How has Brightstar Resources performed over the past 5 years?

71.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BTR has a large one-off gain of A$63.1M impacting its June 30 2021 financial results.

Growing Profit Margin: BTR became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: BTR has become profitable over the past 5 years, growing earnings by 71.6% per year.

Accelerating Growth: BTR has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: BTR has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (35.3%).


Return on Equity

High ROE: BTR's Return on Equity (2594.5%) is considered outstanding.


Financial Health

How is Brightstar Resources's financial position?


Financial Position Analysis

Short Term Liabilities: BTR's short term assets (A$1.0M) do not cover its short term liabilities (A$1.7M).

Long Term Liabilities: BTR's short term assets (A$1.0M) do not cover its long term liabilities (A$6.8M).


Debt to Equity History and Analysis

Debt Level: BTR's debt to equity ratio (27%) is considered satisfactory.

Reducing Debt: BTR had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: BTR's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: BTR's interest payments on its debt are not well covered by EBIT (0.2x coverage).


Balance Sheet


Dividend

What is Brightstar Resources's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate BTR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BTR'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 BTR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BTR'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 BTR'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?

0.9yrs

Average management tenure


CEO

Bill Hobba (71 yo)

0.83

Tenure

AU$777,143

Compensation

Mr. William Hobba, also known as Bill, has been the Managing Director of Brightstar Resources Ltd. since December 3, 2020 and Executive Director since September 10, 2020 and served as its Non-Executive Dir...


CEO Compensation Analysis

Compensation vs Market: Bill's total compensation ($USD576.82K) is above average for companies of similar size in the Australian market ($USD302.72K).

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


Leadership Team

Experienced Management: BTR's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.


Board Members

Experienced Board: BTR's board of directors are considered experienced (9.1 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Brightstar Resources Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Brightstar Resources Limited
  • Ticker: BTR
  • Exchange: ASX
  • Founded: 2002
  • Industry: Gold
  • Sector: Materials
  • Market Cap: AU$26.334m
  • Shares outstanding: 526.69m
  • Website: https://www.brightstarresources.com.au

Location

  • Brightstar Resources Limited
  • 3/25 Belgravia Street
  • Belmont
  • Western Australia
  • 6104
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/17 07:03
End of Day Share Price2021/10/15 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.