Bluechiip (ASX:BCT) - Share price, News & Analysis

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

BCT Overview

Bluechiip Limited develops and commercializes wireless tracking solutions for the healthcare and life science, security, defense, and manufacturing industries.

Risk Analysis

Earnings have declined by 20.1% per year over past 5 years

Makes less than USD$1m in revenue (A$51K)

Volatile share price over the past 3 months

Significant insider selling over the past 3 months

+ 1 more risk

Price History & Performance

Summary of all time highs, changes and price drops for Bluechiip
Historical stock prices
Current Share Price	AU$0.03
52 Week High	AU$0.025
52 Week Low	AU$0.07
Beta	0.72
1 Month Change	-21.05%
3 Month Change	-26.83%
1 Year Change	-53.85%
3 Year Change	-53.13%
5 Year Change	7.14%
Change since IPO	-86.96%

Shareholder Returns

	BCT	AU Electronic	AU Market
7D	0%	0.5%	-0.8%
1Y	-53.8%	72.7%	25.3%

Return vs Industry: BCT underperformed the Australian Electronic industry which returned 72.7% over the past year.

Return vs Market: BCT underperformed the Australian Market which returned 25.3% over the past year.

Price Volatility

Is BCT's price volatile compared to industry and market?
BCT volatility
BCT Beta	0.72
Industry Beta	1.01
Market Beta	1

Stable Share Price: BCT is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 15% a week.

Volatility Over Time: BCT's weekly volatility (15%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

Founded	Employees	CEO	Website
2003	n/a	Andrew McLellan	https://www.bluechiip.com

Bluechiip Limited develops and commercializes wireless tracking solutions for the healthcare and life science, security, defense, and manufacturing industries. The company offers Bluechiip products, which include Bluechiip enabled vials designed for any application be manual or automatic and can withstand cryogenic conditions, including vapour phase LN2; Bluechiip Universal CryoBox; Bluechiip CryoTag, which is inserted into a mounting module for racks, cassettes, towers, and tanks; Bluechiip BoxTracker that tracks and monitors samples; and Bluechiip MultiVial Reader, which scans the ID, temperature, and positions of 81 (9×9) ColdPoint vials in the CryoBox. It also provides Bluechiip Handheld Reader with 1D/2D barcode scanner; Stream 5 Sample Management Software to help users maintain an accurate record of sample inventories and streamline workflows within their biobank; Bluechiip-patented polycarbonate cassettes to store blood bags containing platelet and plasma concentrates; and Bluechiip Ready towers and frames.

Bluechiip Fundamentals Summary

How do Bluechiip's earnings and revenue compare to its market cap?
BCT fundamental statistics
Market Cap	AU$17.94m
Earnings (TTM)	-AU$3.23m
Revenue (TTM)	AU$51.13k

375.0x

P/S Ratio

-5.6x

P/E Ratio

Is BCT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
BCT income statement (TTM)
Revenue	AU$51.13k
Cost of Revenue	AU$455.80k
Gross Profit	-AU$404.67k
Expenses	AU$2.82m
Earnings	-AU$3.23m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0054
Gross Margin	-791.40%
Net Profit Margin	-6,311.81%
Debt/Equity Ratio	0.0%

How did BCT perform over the long term?

See historical performance and comparison

Valuation

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

2.54x

Price to Book (PB) ratio

Share Price vs. Fair Value

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

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

Price To Earnings Ratio

PE vs Industry: BCT is unprofitable, so we can't compare its PE Ratio to the Australian Electronic industry average.

PE vs Market: BCT 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 BCT's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: BCT is good value based on its PB Ratio (2.5x) compared to the AU Electronic industry average (4.5x).

Future Growth

How is Bluechiip forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

28.1%

Forecasted Tech 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 Bluechiip 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 Bluechiip performed over the past 5 years?

-20.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BCT is currently unprofitable.

Growing Profit Margin: BCT is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: BCT is unprofitable, and losses have increased over the past 5 years at a rate of 20.1% per year.

Accelerating Growth: Unable to compare BCT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BCT is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (178.2%).

Return on Equity

High ROE: BCT has a negative Return on Equity (-45.76%), as it is currently unprofitable.

Financial Health

How is Bluechiip's financial position?

Financial Position Analysis

Short Term Liabilities: BCT's short term assets (A$7.6M) exceed its short term liabilities (A$516.3K).

Long Term Liabilities: BCT's short term assets (A$7.6M) exceed its long term liabilities (A$1.2M).

Debt to Equity History and Analysis

Debt Level: BCT is debt free.

Reducing Debt: BCT has no debt compared to 5 years ago when its debt to equity ratio was 47.6%.

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: BCT has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: BCT has sufficient cash runway for 2.3 years if free cash flow continues to reduce at historical rates of 16.4% each year.

Dividend

What is Bluechiip current dividend yield, its reliability and sustainability?

Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if BCT'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 BCT's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.

Next Steps

Explore strong dividend paying companies in the Tech industry.

Management

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

6.7yrs

Average board tenure

CEO

Andrew McLellan

6.67yrs

Tenure

AU$408,513

Compensation

Mr. Andrew McLellan, MBA, B Eng (Hons), GAICD has been the Chief Executive Officer, Managing Director and Executive Director of Bluechiip Limited since January 27, 2015. Mr. McLellan has vast experience in...

CEO Compensation Analysis

Compensation vs Market: Andrew's total compensation ($USD296.05K) is about average for companies of similar size in the Australian market ($USD280.41K).

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

Board Members

Experienced Board: BCT's board of directors are considered experienced (6.7 years average tenure).

Ownership

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

Insider Trading Volume

Insider Buying: BCT insiders have only sold shares in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2021/09/27 15:41
End of Day Share Price	2021/09/27 00:00
Earnings	2021/06/30
Annual Earnings	2021/06/30

Market Cap

7D

1Y

Updated

Data