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

BTR is good value based on its Price-To-Book Ratio (2.4x) compared to the peer average (2.5x).

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

BTR is expensive based on its Price-To-Book Ratio (2.4x) compared to the Australian Metals and Mining industry average (1.2x).

What is BTR'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.

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

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

BTR (A$0.02) is trading above our estimate of [[fair value]] (A$0.01)

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

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

Brightstar Resources (ASX:BTR) - Stock Price, News & Analysis

BTR Stock Overview

Engages in the exploration, development, and mining of gold properties in Australia. More details

BTR fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	6/6
Past Performance	0/6
Financial Health	2/6
Dividends	0/6

Rewards

Earnings are forecast to grow 84.55% per year

Risk Analysis

Makes less than USD$1m in revenue (A$1M)

Shareholders have been substantially diluted in the past year

Volatile share price over the past 3 months compared to the Australian market

Brightstar Resources Limited Competitors

Polymetals Resources

ASX:POL

AU$145.1m

Calidus Resources

ASX:CAI

AU$93.7m

Black Cat Syndicate

ASX:BC8

AU$311.2m

Kingsgate Consolidated

ASX:KCN

AU$345.4m

Price History & Performance

Summary of all time highs, changes and price drops for Brightstar Resources
Historical stock prices
Current Share Price	AU$0.023
52 Week High	AU$0.027
52 Week Low	AU$0.011
Beta	2.4
11 Month Change	21.05%
3 Month Change	21.05%
1 Year Change	76.92%
33 Year Change	-58.18%
5 Year Change	2,200.00%
Change since IPO	-89.81%

Brightstar Resources (ASX:BTR) Has Debt But No Earnings; Should You Worry?

Oct 21

Recent updates

Brightstar Resources (ASX:BTR) Has Debt But No Earnings; Should You Worry?

Oct 21

Shareholder Returns

	BTR	AU Metals and Mining	AU Market
7D	2.2%	-0.9%	1.5%
1Y	76.9%	-12.8%	17.2%

Return vs Industry: BTR exceeded the Australian Metals and Mining industry which returned -12.8% over the past year.

Return vs Market: BTR exceeded the Australian Market which returned 17.2% over the past year.

Price Volatility

Is BTR's price volatile compared to industry and market?
BTR volatility
BTR Average Weekly Movement	13.0%
Metals and Mining Industry Average Movement	10.9%
Market Average Movement	8.6%
10% most volatile stocks in AU Market	17.3%
10% least volatile stocks in AU Market	3.4%

Stable Share Price: BTR's share price has been volatile over the past 3 months compared to the Australian market.

Volatility Over Time: BTR's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

Founded	Employees	CEO	Website
2002	n/a	Alex Rovira	www.brightstarresources.com.au

Brightstar Resources Limited, together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Australia. It holds interests in the Menzies, Cork Tree Well, Second Fortune Gold Mine, and the Jasper Hills properties, as well as in the Alpha, Beta, Lord Byron, Fish, and Gilt Key deposits located in Laverton Western Australia. The company was formerly known as Stone Resources Australia Limited and changed its name to Brightstar Resources Limited in December 2020.

Brightstar Resources Limited Fundamentals Summary

How do Brightstar Resources's earnings and revenue compare to its market cap?
BTR fundamental statistics
Market cap	AU$164.05m
Earnings (TTM)	-AU$6.39m
Revenue (TTM)	AU$1.05m

155.6x

P/S Ratio

-25.7x

P/E Ratio

Is BTR overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BTR income statement (TTM)
Revenue	AU$1.05m
Cost of Revenue	AU$4.85m
Gross Profit	-AU$3.80m
Other Expenses	AU$2.59m
Earnings	-AU$6.39m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0009
Gross Margin	-360.29%
Net Profit Margin	-606.25%
Debt/Equity Ratio	3.4%

How did BTR perform over the long term?

See historical performance and comparison

BTR Stock Overview

Rewards

Risk Analysis

Brightstar Resources Limited Competitors

ASX:POL

AU$145.1m

ASX:CAI

AU$93.7m

ASX:BC8

AU$311.2m

ASX:KCN

AU$345.4m

Price History & Performance

Recent News & Updates

Brightstar Resources (ASX:BTR) Has Debt But No Earnings; Should You Worry?

Brightstar Resources Limited, Annual General Meeting, Nov 27, 2024

Brightstar Resources Limited (ASX:BTR) entered into Scheme Implementation Deed to acquire Alto Metals Limited (ASX:AME) from Windsong Valley Pty. Ltd. and others for AUD 43.3 million.

Matthew Bowles to Appoint as Non-Executive Director of Brightstar Resources Limited

Brightstar Resources Limited Appoints Nicky Martin as Chief Financial Officer

New minor risk - Share price stability

Recent updates

Brightstar Resources (ASX:BTR) Has Debt But No Earnings; Should You Worry?

Brightstar Resources Limited, Annual General Meeting, Nov 27, 2024

Brightstar Resources Limited (ASX:BTR) entered into Scheme Implementation Deed to acquire Alto Metals Limited (ASX:AME) from Windsong Valley Pty. Ltd. and others for AUD 43.3 million.

Matthew Bowles to Appoint as Non-Executive Director of Brightstar Resources Limited

Brightstar Resources Limited Appoints Nicky Martin as Chief Financial Officer

New minor risk - Share price stability

Brightstar Resources Limited (ASX:BTR) completed the acquisition of Linden Gold Alliance Pty Ltd.

Brightstar Resources Limited, Annual General Meeting, May 22, 2024

New minor risk - Share price stability

Brightstar Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 12 million.

Brightstar Resources Limited (ASX:BTR) proposed to Linden Gold Alliance Pty Ltd for AUD 23.7 million.

Brightstar Resources Limited announced that it expects to receive AUD 2 million in funding from Lion Manager Pty Ltd

New major risk - Financial position

Brightstar Resources Limited, Annual General Meeting, Mar 06, 2024

Brightstar Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 5 million.

Brightstar Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 5 million.

Brightstar Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 5 million.

Brightstar Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 5 million.

New major risk - Share price stability

Brightstar Resources Limited Announces Resignation of Mr. Tony Lau as Non-Executive Director

Brightstar Resources Limited, Annual General Meeting, Nov 27, 2023

New major risk - Share price stability

Insider recently sold AU$116k worth of stock

Brightstar Resources Limited Announces Board Changes

Brightstar Resources Limited (ASX:BTR) completed the acquisition of Kingwest Resources Limited (ASX:KWR).

Brightstar Resources Announces Drilling to Commence At Cork Tree Well

Brightstar Resources Limited Appoints Alex Rovira as a Director, Effective January 12, 2023

Less than half of directors are independent

Brightstar Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.66 million.

Brightstar Resources Limited, Annual General Meeting, Nov 29, 2022

Brightstar Resources Limited to Present the Assay Results from the Productive RC Drilling Program Completed in June At Their CTW Project, Located 36Km from Laverton in Western Australia

Brightstar Resources Limited Announces Assay Results from the Successful RC Drilling Program At Alpha Project

Brightstar Resources Limited, Annual General Meeting, Oct 17, 2022

Brightstar Resources Limited Announces Results of Mineral Resource Estimation Process for the CTW Project Utilising the RC Drilling

Brightstar Resources Limited Announce South Exploration Update

Brightstar Resources Limited Completes Three RC Drilling Programs At Cork Tree Well, Delta 2 and Alpha Projects and A Short Aircore Program At Queen of Hearts South

Insider recently bought AU$401k worth of stock

Brightstar Resources Limited Announces the RC Drilling Program At the Highly Prospective Cork Tree Well Project Is Underway and Proceeding Well

Brightstar Resources Limited Announces the RC Drilling Program At the Highly Prospective Cork Tree Well Project Is Underway and Proceeding Well

Brightstar Resources Limited Announces the Imminent Commencement of an RC Drill Program At the Cork Tree Well Project in the Laverton District of Western Australia

Less than half of directors are independent

Brightstar Resources Limited Announces New RC Drilling Program at Cork Tree Well to Commence

Insider recently bought AU$626k worth of stock

Brightstar Resources Limited Presents the Multi-Element Results from the Cork Tree Well RC Program Completed in Late 2021 and Located in the Laverton Gold Belt of Western Australia

Brightstar Resources Limited Presents Final Tranche of Results from the Cork Tree Well

Brightstar Resources Limited Announces Further Assay Results from the Successful RC Drilling Program at Cork Tree Well

Brightstar Resources Limited Signs Aircore Drilling Contract

Brightstar Resources Limited Announces Completion of RC Drilling Program At Cork Tree Well

Brightstar Resources Limited Launches Cork Tree Well Drill Program on 237Koz Resource

Brightstar Resources Limited Announces the Results of the Sub-Audio Magnetics (SAM) Survey

Brightstar Resources Limited (ASX:BTR) completed the acquisition of acquisition agreement to acquire Exploration License E38/3438 in Western Australia from Mining Equities Pty Ltd.

Brightstar Resources Limited (ASX:BTR) entered into tenement acquisition agreement to acquire Exploration License E38/3438 in Western Australia from Mining Equities Pty Ltd for AUD 0.25 million.

Stone Resources Australia Ltd Appoints William Bill Hobba as Managing Director of Brightstar

Stone Resources Australia Limited Announces Executive Changes

Stone Resources Australia Limited Announces Appointment of Joshua Hunt as Director

Regis Resources Limited (ASX:RRL) completed the acquisition of Ben Hur project from Stone Resources Australia Limited (ASX:SHK).

Regis Resources Limited (ASX:RRL) entered into a sale purchase agreement to acquire Ben Hur project from Stone Resources Australia Limited (ASX:SHK) for AUD 10 million.

Shareholder Returns

Price Volatility