Blackstone Resources
SWX:BLS
BLS
SWX
CHF90M
Market Cap
Company description
Blackstone Resources AG primarily invests in and develops mining projects that focus on battery metals. The last earnings update was 207 days ago. More info.
Add to Portfolio Compare Print
- Blackstone Resources has significant price volatility in the past 3 months.
BLS Share Price and Events
7 Day Returns
-10.6%
SWX:BLS
0.7%
Europe Metals and Mining
0.5%
CH Market
1 Year Returns
-
SWX:BLS
-2.9%
Europe Metals and Mining
2.7%
CH Market
BLS Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Blackstone Resources (BLS) | -10.6% | -17.6% | -28.1% | - | - | - |
| Europe Metals and Mining | 0.7% | 6.8% | 13.7% | -2.9% | 59.4% | 21.8% |
| CH Market | 0.5% | 1.1% | 5.5% | 2.7% | 13.2% | 12.5% |
1 Year Return vs Industry and Market
- No trading data on BLS.
- No trading data on BLS.
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
- It is not possible to calculate the future cash flow value for Blackstone Resources. This is due to cash flow or dividend data being unavailable. The share price is CHF2.1.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Blackstone Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Blackstone Resources's earnings available for a low price, and how does
this compare to other companies in the same industry?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-06-30) in CHF | CHF-0.12 |
| SWX:BLS Share Price ** | SWX (2019-04-23) in CHF | CHF2.1 |
| Europe Metals and Mining Industry PE Ratio | Median Figure of 106 Publicly-Listed Metals and Mining Companies | 9.85x |
| Switzerland Market PE Ratio | Median Figure of 174 Publicly-Listed Companies | 18.53x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Blackstone Resources.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = SWX:BLS Share Price ÷ EPS (both in CHF) = 2.1 ÷ -0.12 |
-16.97x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Blackstone Resources is loss making, we can't compare its value to the Europe Metals and Mining industry average.
- Blackstone Resources is loss making, we can't compare the value of its earnings to the Switzerland market.
Price based on expected Growth
Does
Blackstone Resources's expected growth come at a high price?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | -16.97x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
Not available |
| Europe Metals and Mining Industry PEG Ratio | Median Figure of 62 Publicly-Listed Metals and Mining Companies | 0.68x |
| Switzerland Market PEG Ratio | Median Figure of 122 Publicly-Listed Companies | 2.34x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for Blackstone Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Blackstone Resources's
assets?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-06-30) in CHF | CHF0.46 |
| SWX:BLS Share Price * | SWX (2019-04-23) in CHF | CHF2.1 |
| Europe Metals and Mining Industry PB Ratio | Median Figure of 214 Publicly-Listed Metals and Mining Companies | 0.92x |
| Switzerland Market PB Ratio | Median Figure of 210 Publicly-Listed Companies | 1.71x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = SWX:BLS Share Price ÷ Book Value per Share (both in CHF) = 2.1 ÷ 0.46 |
4.53x |
* Primary Listing of Blackstone Resources.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Blackstone Resources is overvalued based on assets compared to the Europe Metals and Mining industry average.
X
Value checks
We assess Blackstone Resources's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check) Blackstone Resources has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
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 Blackstone 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 Simply Wall St do have past financial data. You can see them here.
Show me the analysis anyway
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
1.8%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is
Blackstone Resources
expected to grow at an
attractive
rate?
- Unable to compare Blackstone Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
- Unable to compare Blackstone Resources's earnings growth to the Switzerland market average as no estimate data is available.
- Unable to compare Blackstone Resources's revenue growth to the Switzerland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
| Data Point | Source | Value (per year) |
|---|---|---|
| Europe Metals and Mining Industry Earnings Growth Rate | Market Cap Weighted Average | 1.8% |
| Europe Metals and Mining Industry Revenue Growth Rate | Market Cap Weighted Average | 0.9% |
| Switzerland Market Earnings Growth Rate | Market Cap Weighted Average | 9.5% |
| Switzerland Market Revenue Growth Rate | Market Cap Weighted Average | 3.5% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
Raw Data
All numbers in CHF Millions and using
Trailing twelve months (TTM)
annual period rather than quarterly.
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (9 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Date (Data in CHF Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-06-30 | -1 | -5 | |
| 2018-03-31 | -1 | -1 | |
| 2017-12-31 | -1 | 4 | |
| 2016-12-31 | 0 | -1 | |
| 2015-12-31 | -1 | -8 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (9 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
All data from Blackstone Resources Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CHF Millions) | EPS * |
|---|---|
| 2018-06-30 | -0.12 |
| 2018-03-31 | -0.02 |
| 2017-12-31 | 0.09 |
| 2016-12-31 | -0.01 |
| 2015-12-31 | -0.20 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Blackstone Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Blackstone Resources has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Future performance checks
We assess Blackstone Resources's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Blackstone Resources has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Blackstone Resources performed over the past 5 years?
- Blackstone Resources's last earnings update was 207 days ago.
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Below we compare
Blackstone Resources's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it
has maintained that growth in the year.
- Blackstone Resources does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
- Unable to compare Blackstone Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
- Unable to compare Blackstone Resources's 1-year growth to the Europe Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Blackstone Resources's
revenue
and
profit
over the past 5 years is shown below, any years where they have experienced a
loss will show up in red.
Raw Data
All data from Blackstone Resources Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CHF Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-06-30 | -5.18 | 1.43 | ||
| 2018-03-31 | -0.66 | 1.16 | ||
| 2017-12-31 | 3.85 | 0.88 | ||
| 2016-12-31 | -0.63 | 0.44 | ||
| 2015-12-31 | -8.45 | 1.11 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- It is difficult to establish if Blackstone Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
- It is difficult to establish if Blackstone Resources has efficiently used its assets last year compared to the Europe Metals and Mining industry average (Return on Assets) as it is loss-making.
- It is difficult to establish if Blackstone Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Blackstone Resources has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Past performance checks
We assess Blackstone Resources's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Blackstone Resources has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Blackstone Resources's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Blackstone Resources's finances.
The net worth of a company is the difference between its assets and liabilities.
- Blackstone Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Blackstone Resources's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of
Blackstone Resources's finances. If any of them are yellow this
indicates they may be out of proportion and red means they relate to one of the
checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data
All data from Blackstone Resources Company Filings, last reported 9 months ago.
| Date (Data in CHF Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-06-30 | 19.15 | 40.27 | 2.26 |
| 2018-03-31 | 19.15 | 40.27 | 2.26 |
| 2017-12-31 | 35.55 | 33.30 | 4.68 |
| 2016-12-31 | 22.08 | 27.49 | 0.23 |
| 2015-12-31 | 19.18 | 30.07 | 0.03 |
- Blackstone Resources's level of debt (210.3%) compared to net worth is high (greater than 40%).
- Unable to establish if Blackstone Resources's debt level has increased without past 5-year debt data.
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.
- Blackstone Resources has sufficient cash runway for 1.4 years based on current free cash flow.
- Blackstone Resources has sufficient cash runway for 1.4 years if free cash flow continues to grow at historical rates of 11.4% each year.
X
Full details on the Health part of the Simply Wall St company analysis model.
Financial health checks
We assess Blackstone Resources's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Blackstone Resources has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Blackstone Resources's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
0%
Current annual income from
Blackstone Resources
dividends.
If you bought
CHF2,000 of
Blackstone Resources
shares you are expected to receive
CHF0
in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you
can get in a
savings account?
It is up there with the
best dividend paying companies?
- Unable to evaluate Blackstone Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate Blackstone Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Europe Metals and Mining Industry Average Dividend Yield | Market Cap Weighted Average of 65 Stocks | 5.7% |
| Switzerland Market Average Dividend Yield | Market Cap Weighted Average of 167 Stocks | 3.1% |
| Switzerland Minimum Threshold Dividend Yield | 10th Percentile | 1.3% |
| Switzerland Bottom 25% Dividend Yield | 25th Percentile | 1.9% |
| Switzerland Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as Blackstone Resources has not reported any payouts.
- Unable to verify if Blackstone Resources's dividend has been increasing as the company has not reported any payouts.
X
Full details on the Dividends part of the Simply Wall St company analysis model.
Income/ dividend checks
We assess Blackstone Resources's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Blackstone Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Blackstone Resources has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
CEO
Ulrich
Ernst
CEO Bio
Mr. Ulrich Ernst is President and Chief Executive Officer at Blackstone Resources AG and serves as its Director and Member of the Advisory Board. Mr. Ernst has worked in the mining sector for more than 40 years and has been President since 1995. During his extensive career he has managed and led several high growth companies and has a long track record of success. He has also held several senior positions in public listed companies and worked as a management and financial consultant for years. Mr Ernst holds an MBA from the University of Zurich.
CEO Compensation
- Insufficient data for Ulrich to compare compensation growth.
- Insufficient data for Ulrich to establish whether their remuneration is reasonable compared to companies of similar size in Switzerland.
Management Team
Ulrich Ernst
TITLE
President
Peter-Mark Vogel
TITLE
Chief Financial Officer
AGE
53
Michael Hingst
TITLE
Chief Operating Officer
James Eagle
TITLE
Communications Director
Ingo Meyer
TITLE
Antonio Viscuso
TITLE
Chief of the Metal Trading Desk
Paul Schlatter
TITLE
Board of Directors
Ronald Gröflin
TITLE
Director
Ulrich Ernst
TITLE
President
Patick Stach
TITLE
Director & Member of Advisory Board
Jason Bontempo
TITLE
Member of Advisory Board
Greg McEwan
TITLE
Member of Advisory Board
Edwin Staehli
TITLE
Member of Advisory Board
Andy Wells
TITLE
Member of Advisory Board
Trent Charles Mell
TITLE
Member of Advisory Board
AGE
48
David Duckworth
TITLE
Member of Advisory Board
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (CHF) | Value (CHF) | |
|---|---|---|---|---|---|---|---|---|---|---|
X
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
Management checks
We assess Blackstone Resources's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Blackstone Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
What Percentage Of Blackstone Resources AG (VTX:BLS) Shares Do Insiders Own?
The big shareholder groups in Blackstone Resources AG (VTX:BLS) have power over the company. … Blackstone Resources is a smaller company with a market capitalization of CHF198m, so it may still be flying under the radar of many institutional investors. … See our latest analysis for Blackstone Resources
Simply Wall St - – Full articleWhy Blackstone Resources AG's (VTX:BLS) Ownership Structure Is Important
In this article, I'm going to take a look at Blackstone Resources AG’s (VTX:BLS) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders. … View our latest analysis for Blackstone Resources
Simply Wall St - – Full articleCompany Info
Description
Blackstone Resources AG primarily invests in and develops mining projects that focus on battery metals. It operates through Exploration and Evaluation Assets, and Other segments. The company has assets in Canada, Colombia, Peru, Norway, and Mongolia. It also explores for copper, silver, manganese, cobalt, molybdenum, gold, and rare earth metals; trades in commodities; and offers management services. Blackstone Resources AG was founded in 1995 and is headquartered in Baar, Switzerland.
Details
| Name: | Blackstone Resources AG |
| BLS | |
| Exchange: | SWX |
| Founded: | 1995 |
| CHF89,670,000 | |
| 42,700,000 | |
| Website: | http://www.blackstoneresources.ch |
| Address: |
Blackstone Resources AG Blegistrasse 5, Baar, Zug, 6340, Switzerland |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| SWX | BLS | Registered Shares | SIX Swiss Exchange | CH | CHF | 09. Jul 2018 | |
| DB | 4BRN | Registered Shares | Deutsche Boerse AG | DE | EUR | 09. Jul 2018 |
Number of employees
Current staff
0
Blackstone Resources
employees.
Industry
| Diversified Metals and Mining | |
| Materials |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/23 22:43 |
| End of day share price update: | 2019/04/23 00:00 |
| Last earnings filing: | 2018/09/28 |
| Last earnings reported: | 2018/06/30 |
| Last annual earnings reported: | 2017/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
