Bhagwan Marine (BWN) Stock Overview
A marine services company, owns and operates a range of vessels providing marine solutions for the offshore energy, subsea, ports and inshore, and defense sectors in Australia. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 4/6 |
| Past Performance | 2/6 |
| Financial Health | 5/6 |
| Dividends | 3/6 |
BWN Community Fair Values
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Analyst Price Targets
Top Community Narratives
Bhagwan Marine Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$0.27 |
| 52 Week High | AU$0.63 |
| 52 Week Low | AU$0.25 |
| Beta | 0 |
| 1 Month Change | -4.39% |
| 3 Month Change | -28.29% |
| 1 Year Change | -54.58% |
| 3 Year Change | n/a |
| 5 Year Change | n/a |
| Change since IPO | -57.09% |
Recent News & Updates
Has BWN Found Its Sea Legs?
At A$0.477 per share, Bhagwan Marine (ASX: BWN) appears reasonably valued based on its existing operations and the expected contribution from the recently acquired Riverside Marine business. With approximately 397 million shares on issue, this price values the company at around A$189 million.
BWN: Future Earnings Will Rely On Leaner Margins Yet Offer Upside Potential
Analysts have reduced their fair value estimate for Bhagwan Marine from A$1.07 to A$0.66, citing updated assumptions around discount rates, future revenue growth, profit margins, and a lower expected future P/E multiple. What's in the News for Bhagwan Marine No recent news items or key developments for Bhagwan Marine were identified from the provided sources as of 1 Jul 2026.
BWN: Equity Raise And Direct Listing Feature Will Drive Future Upside
Analysts have kept their fair value estimate for Bhagwan Marine steady at A$0.63, with only minor adjustments to assumptions such as the discount rate and future P/E supporting an unchanged price target. What’s in the News for Bhagwan Marine Bhagwan Marine completed a follow on equity offering totaling A$30 million in ordinary shares.BWN: Follow On Equity Raise Will Support Future Upside Repricing Potential
Analysts have trimmed their fair value estimate for Bhagwan Marine from A$0.92 to A$0.63 as they now factor in lower revenue growth of 13.74%, softer profit margins of 6.40% and a slightly reduced future P/E of 9.25x, alongside a marginally lower discount rate. What's in the News Bhagwan Marine completed a follow on equity offering totaling A$30 million in ordinary shares, according to Key Developments.Recent updates
Has BWN Found Its Sea Legs?
At A$0.477 per share, Bhagwan Marine (ASX: BWN) appears reasonably valued based on its existing operations and the expected contribution from the recently acquired Riverside Marine business. With approximately 397 million shares on issue, this price values the company at around A$189 million.BWN: Future Earnings Will Rely On Leaner Margins Yet Offer Upside Potential
Analysts have reduced their fair value estimate for Bhagwan Marine from A$1.07 to A$0.66, citing updated assumptions around discount rates, future revenue growth, profit margins, and a lower expected future P/E multiple. What's in the News for Bhagwan Marine No recent news items or key developments for Bhagwan Marine were identified from the provided sources as of 1 Jul 2026.BWN: Equity Raise And Direct Listing Feature Will Drive Future Upside
Analysts have kept their fair value estimate for Bhagwan Marine steady at A$0.63, with only minor adjustments to assumptions such as the discount rate and future P/E supporting an unchanged price target. What’s in the News for Bhagwan Marine Bhagwan Marine completed a follow on equity offering totaling A$30 million in ordinary shares.BWN: Follow On Equity Raise Will Support Future Upside Repricing Potential
Analysts have trimmed their fair value estimate for Bhagwan Marine from A$0.92 to A$0.63 as they now factor in lower revenue growth of 13.74%, softer profit margins of 6.40% and a slightly reduced future P/E of 9.25x, alongside a marginally lower discount rate. What's in the News Bhagwan Marine completed a follow on equity offering totaling A$30 million in ordinary shares, according to Key Developments.
Offshore Decommissioning Cycles And Integration Risks Will Eventually Reward Patient Holders
Catalysts About Bhagwan Marine Bhagwan Marine provides marine solutions across offshore energy, subsea, ports and inshore and the emerging defense sector in Australia. What are the underlying business or industry changes driving this perspective?BWN: Follow On Equity Offering Will Support Future Upside Repricing Potential
Analysts have modestly adjusted their price target on Bhagwan Marine, with the updated view reflecting slightly higher discount rate and future P/E assumptions, while keeping fair value estimates broadly unchanged in A$ terms. What's in the News Bhagwan Marine completed a follow on equity offering of A$30 million in ordinary shares, including tranches of 40,000,000, 23,916,409 and 9,254,323 shares at A$0.41 per share with a A$0.0164 discount per security, structured as a subsequent direct listing (Key Developments).BWN: Recent Equity Offering Will Support Future Upside Repricing Potential
Analysts have modestly adjusted their price target on Bhagwan Marine. This reflects small tweaks to assumptions around the discount rate, revenue growth, profit margin and future P/E while keeping fair value broadly aligned at around A$0.92.BWN: Equity Offering And Listing Will Support Future Upside Rerating Potential
Analysts have made a small adjustment to their valuation model for Bhagwan Marine, keeping the fair value intact while slightly updating the discount rate, revenue growth, profit margin and future P/E assumptions. This has led to only a modest change in their A$ price target.BWN: Equity Offering And Listing Will Support Future Rerating Potential
Analysts have kept their A$ fair value estimate for Bhagwan Marine unchanged at A$0.92, with only small tweaks to the discount rate, profit margin and future P/E assumptions guiding this steady price target. What's in the News Bhagwan Marine Limited has filed a follow on equity offering of up to A$30 million, including multiple tranches of ordinary shares priced at A$0.41 per share with a discount of A$0.0164 per security, as part of a subsequent direct listing (Key Developments).BWN: Equity Offering Will Support Improved Earnings Profile And Repricing
Analysts have trimmed their fair value estimate for Bhagwan Marine slightly from A$0.93 to A$0.92, reflecting updated assumptions on revenue growth, profit margins and a lower future P/E multiple. What's in the News Bhagwan Marine Limited has filed a follow-on equity offering of A$30 million in ordinary shares, including tranches of 40,000,000, 23,916,409 and 9,254,323 shares at A$0.41 per share with a discount of A$0.0164 per security, described as a subsequent direct listing feature (Key Developments).Decommissioning And Offshore Wind Expansion Will Drive A Stronger Long Term Outlook
Catalysts About Bhagwan Marine Bhagwan Marine provides marine solutions across offshore energy, subsea, ports and inshore, and defense sectors in Australia. What are the underlying business or industry changes driving this perspective?BWN: Equity Offering Will Support Improved Earnings Profile And Repricing
Analysts have raised their fair value estimate for Bhagwan Marine from A$0.80 to A$0.93, reflecting updated assumptions for revenue growth, profit margins, the discount rate and future P/E levels. What's in the News Bhagwan Marine Limited has filed a follow-on equity offering totaling A$30 million in ordinary shares.Is Bhagwan Marine Limited (ASX:BWN) Trading At A 34% Discount?
Key Insights Bhagwan Marine's estimated fair value is AU$0.69 based on 2 Stage Free Cash Flow to Equity Bhagwan...We Think Bhagwan Marine (ASX:BWN) Can Stay On Top Of Its Debt
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Expanding Offshore And Renewables Sectors Will Unlock Sustainable Potential
Rising demand across energy, renewables, and infrastructure sectors, coupled with limited vessel supply, is boosting revenue visibility and supporting margin expansion.Bhagwan Marine (ASX:BWN) Has A Pretty Healthy Balance Sheet
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Shareholder Returns
| BWN | AU Infrastructure | AU Market | |
|---|---|---|---|
| 7D | 0.9% | -0.8% | 1.0% |
| 1Y | -54.6% | 7.6% | 1.2% |
Return vs Industry: BWN underperformed the Australian Infrastructure industry which returned 7.6% over the past year.
Return vs Market: BWN underperformed the Australian Market which returned 1.2% over the past year.
Price Volatility
| BWN volatility | |
|---|---|
| BWN Average Weekly Movement | 11.6% |
| Infrastructure Industry Average Movement | 2.5% |
| Market Average Movement | 9.6% |
| 10% most volatile stocks in AU Market | 16.8% |
| 10% least volatile stocks in AU Market | 3.8% |
Stable Share Price: BWN has not had significant price volatility in the past 3 months compared to the Australian market.
Volatility Over Time: BWN's weekly volatility (12%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1985 | 1,000 | Loui Kannikoski | www.bhagwanmarine.com |
Bhagwan Marine Limited, a marine services company, owns and operates a range of vessels providing marine solutions for the offshore energy, subsea, ports and inshore, and defense sectors in Australia. Its port services include wharf and jetty construction support, crew change/transfers, harbor towage, line boats, inshore survey, geotechnical support, general marine project support, ship supply runs, navigational aid maintenance, mooring installation, maintenance and removal, mooring hire, vessel line handling, berthing, transshipping, dredging support, bed levelling, and port security vessels; and offshore services comprise dive support, remotely operated vehicle support, crew change operations, metocean equipment deployment, geophysical surveys, geotechnical surveys, offshore accommodation services, decommissioning support, pilot transfers, FPSO offtake assist, oil field support services, coastal towage, coastal freight, standby operations, search and rescue, subsea trenching and cable lay support, platform maintenance support, transshipping, dredge support, bed levelling, and hot shots. The company also provides subsea inspection maintenance and repair, construction, and decommissioning services; commercial diving services; civil construction support services; and project management services.
Bhagwan Marine Limited Fundamentals Summary
| BWN fundamental statistics | |
|---|---|
| Market cap | AU$108.22m |
| Earnings (TTM) | AU$6.60m |
| Revenue (TTM) | AU$245.75m |
Is BWN overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| BWN income statement (TTM) | |
|---|---|
| Revenue | AU$245.75m |
| Cost of Revenue | AU$189.64m |
| Gross Profit | AU$56.12m |
| Other Expenses | AU$49.52m |
| Earnings | AU$6.60m |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
Aug 27, 2026
| Earnings per share (EPS) | 0.017 |
| Gross Margin | 22.84% |
| Net Profit Margin | 2.68% |
| Debt/Equity Ratio | 17.9% |
How did BWN perform over the long term?
See historical performance and comparisonDividends
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/28 19:24 |
| End of Day Share Price | 2026/07/28 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Bhagwan Marine Limited is covered by 3 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Andrew Johnston | MST Financial Services Pty Limited |
| Michael Youlden | MST Financial Services Pty Limited |
| Larry Gandler | Shaw and Partners Limited |