ASX:BCT

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Market Cap

AU$19.1m

Last Updated

2021/07/31 08:09 UTC

Data Sources

Company Financials

Executive Summary

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


Snowflake Analysis

Excellent balance sheet and overvalued.

Share Price & News

How has Bluechiip's share price performed over time and what events caused price changes?


Latest Share Price and Events

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

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


Market Performance


7 Day Return

-13.5%

BCT

0.8%

AU Electronic

-0.1%

AU Market


1 Year Return

-15.8%

BCT

75.6%

AU Electronic

27.3%

AU Market

Return vs Industry: BCT underperformed the Australian Electronic industry which returned 75.6% over the past year.

Return vs Market: BCT underperformed the Australian Market which returned 27.8% over the past year.


Shareholder returns

BCTIndustryMarket
7 Day-13.5%0.8%-0.1%
30 Day-33.3%1.7%1.5%
90 Day14.3%2.8%4.4%
1 Year-15.8%-15.8%78.7%75.6%31.9%27.3%
3 Year-36.0%-36.0%246.8%222.4%32.7%16.8%
5 Year21.0%18.5%193.6%174.1%62.5%31.0%

Long-Term Price Volatility Vs. Market

How volatile is Bluechiip's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

2.31x

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 Oceanic 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 (2.3x) compared to the AU Electronic industry average (3.2x).


Future Growth

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

20.4%

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?

-22.9%

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 22.9% 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 (24.4%).


Return on Equity

High ROE: BCT has a negative Return on Equity (-52.49%), 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$8.6M) exceed its short term liabilities (A$781.0K).

Long Term Liabilities: BCT's short term assets (A$8.6M) exceed its long term liabilities (A$109.9K).


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 0.9%.


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 less than a year of cash runway if free cash flow continues to reduce at historical rates of 18.7% 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

Management

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

6.5yrs

Average board tenure


CEO

Andrew McLellan

6.5yrs

Tenure

AU$443,501

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 ($USD325.82K) is about average for companies of similar size in the Australian market ($USD273.22K).

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 (6.5 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.


Top Shareholders

Company Information

Bluechiip Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bluechiip Limited
  • Ticker: BCT
  • Exchange: ASX
  • Founded: 2003
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: AU$19.132m
  • Shares outstanding: 597.88m
  • Website: https://www.bluechiip.com

Location

  • Bluechiip Limited
  • 1 Dalmore Drive
  • Caribbean Business Park
  • Scoresby
  • Victoria
  • 3179
  • Australia

Listings


Biography

Bluechiip Limited develops and commercializes wireless tracking solutions for the healthcare and life science, security, defense, and manufacturing industries. The company offers Bluechiip products, such a...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/31 08:09
End of Day Share Price2021/07/30 00:00
Earnings2020/12/31
Annual Earnings2020/06/30


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.