LSE:BISI

Stock Analysis Report

Executive Summary

Bisichi Mining Plc engages in coal mining activities in the United Kingdom and South Africa.

Rewards

PE ratio (3.1x) is below the UK market (18.5x)

Earnings grew by 24.7% over the past year

Risk Analysis

Has a high level of debt

Unstable dividend track record

Does not have a meaningful market cap (£11M)



Snowflake Analysis

Adequate balance sheet with proven track record.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: BISI has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

BISI

-0.5%

GB Oil and Gas

1.4%

GB Market


1 Year Return

23.5%

BISI

4.6%

GB Oil and Gas

12.4%

GB Market

Return vs Industry: BISI exceeded the UK Oil and Gas industry which returned 4.5% over the past year.

Return vs Market: BISI exceeded the UK Market which returned 12.7% over the past year.


Shareholder returns

BISIIndustryMarket
7 Day0%-0.5%1.4%
30 Day-4.5%3.3%1.8%
90 Day0%4.2%8.8%
1 Year30.1%23.5%9.8%4.6%18.3%12.4%
3 Year58.2%35.5%27.7%11.2%23.8%8.0%
5 Year83.0%40.9%61.7%29.9%41.8%8.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

3.13x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BISI (£1.05) is trading above our estimate of fair value (£0.54)

Significantly Below Fair Value: BISI is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BISI is good value based on its PE Ratio (3.1x) compared to the Oil and Gas industry average (7.6x).

PE vs Market: BISI is good value based on its PE Ratio (3.1x) compared to the UK market (18.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BISI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BISI is good value based on its PB Ratio (0.5x) compared to the GB Oil and Gas industry average (0.7x).


Next Steps

Future Growth

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

3.7%

Forecasted Energy 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 Bisichi Mining 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.


Next Steps

Past Performance

How has Bisichi Mining performed over the past 5 years?

50.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BISI has high quality earnings.

Growing Profit Margin: BISI's current net profit margins (6.9%) are higher than last year (5.9%).


Past Earnings Growth Analysis

Earnings Trend: BISI has become profitable over the past 5 years, growing earnings by 50.8% per year.

Accelerating Growth: BISI's earnings growth over the past year (24.7%) is below its 5-year average (50.8% per year).

Earnings vs Industry: BISI earnings growth over the past year (24.7%) exceeded the Oil and Gas industry 24.4%.


Return on Equity

High ROE: BISI's Return on Equity (19.4%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Bisichi Mining's financial position?


Financial Position Analysis

Short Term Liabilities: BISI's short term assets (£22.2M) exceed its short term liabilities (£19.0M).

Long Term Liabilities: BISI's short term assets (£22.2M) exceed its long term liabilities (£5.0M).


Debt to Equity History and Analysis

Debt Level: BISI's debt to equity ratio (52.6%) is considered high.

Reducing Debt: BISI's debt to equity ratio has increased from 50.3% to 52.6% over the past 5 years.

Debt Coverage: BISI's debt is well covered by operating cash flow (32.2%).

Interest Coverage: BISI's interest payments on its debt are well covered by EBIT (12.1x coverage).


Balance Sheet

Inventory Level: BISI has a high level of physical assets or inventory.

Debt Coverage by Assets: BISI's debt is covered by short term assets (assets are 1.9x debt).


Next Steps

Dividend

What is Bisichi Mining's current dividend yield, its reliability and sustainability?

3.81%

Current Dividend Yield


Dividend Yield vs Market

company3.8%marketbottom25%1.8%markettop25%5.0%industryaverage5.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: BISI's dividend (3.81%) is higher than the bottom 25% of dividend payers in the UK market (1.83%).

High Dividend: BISI's dividend (3.81%) is low compared to the top 25% of dividend payers in the UK market (4.95%).


Stability and Growth of Payments

Stable Dividend: BISI's dividend payments have been volatile in the past 10 years.

Growing Dividend: BISI's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (11.9%), BISI's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Bisichi Mining's salary, the management and board of directors tenure and is there insider trading?

16.7yrs

Average board tenure


CEO

Andrew Heller (50yo)

0yrs

Tenure

UK£1,073,000

Compensation

Mr. Andrew R. Heller MA, ACA serves as Managing Director of Bisichi Mining PLC. Mr. Heller also serves as Managing Director of Black Wattle Colliery (Proprietary) Limited. He has been an Executive Director ...


CEO Compensation Analysis

Compensation vs Market: Andrew's total compensation ($USD1.40M) is above average for companies of similar size in the UK market ($USD326.78K).

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


Board Age and Tenure

16.7yrs

Average Tenure

65yo

Average Age

Experienced Board: BISI's board of directors are seasoned and experienced ( 16.7 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

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


Management Team

  • Michael Heller (83yo)

    Executive Chairman of the Board

    • Tenure: 39yrs
    • Compensation: UK£284.00k
  • Robert John Grobler (71yo)

    Director of Mining & Executive Director

    • Tenure: 11.4yrs
    • Compensation: UK£379.00k
  • Andrew Heller (50yo)

    MD & Executive Director

    • Compensation: UK£1.07m
  • Garrett Casey (42yo)

    Finance Director

    • Tenure: 9.6yrs
    • Compensation: UK£393.00k

Board Members

  • EG Dube (59yo)

    Director

    • Michael Heller (83yo)

      Executive Chairman of the Board

      • Tenure: 39yrs
      • Compensation: UK£284.00k
    • Robert John Grobler (71yo)

      Director of Mining & Executive Director

      • Tenure: 11.4yrs
      • Compensation: UK£379.00k
    • Christopher Andrew Joll (71yo)

      Senior Independent Director

      • Compensation: UK£33.00k
    • Andrew Heller (50yo)

      MD & Executive Director

      • Compensation: UK£1.07m
    • Garrett Casey (42yo)

      Finance Director

      • Tenure: 9.6yrs
      • Compensation: UK£393.00k
    • Millicent Zvarayi

      Director

      Company Information

      Bisichi Mining Plc's company bio, employee growth, exchange listings and data sources


      Key Information

      • Name: Bisichi Mining Plc
      • Ticker: BISI
      • Exchange: LSE
      • Founded: 1910
      • Industry: Coal and Consumable Fuels
      • Sector: Energy
      • Market Cap: UK£11.211m
      • Shares outstanding: 10.68m
      • Website: https://bisichi.co.uk

      Number of Employees


      Location

      • Bisichi Mining Plc
      • 24 Bruton Place
      • London
      • Greater London
      • W1J 6NE
      • United Kingdom

      Listings

      TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
      BISILSE (London Stock Exchange)YesOrdinary SharesGBGBPJan 1992

      Biography

      Bisichi Mining Plc engages in coal mining activities in the United Kingdom and South Africa. It owns an interest in the Black Wattle Colliery located in South Africa. The company is also involved in the share dealing and retail property investment activities. Bisichi Mining Plc was incorporated in 1910 and is based in London, the United Kingdom. 


      Company Analysis and Financial Data Status

      All financial data provided by Standard & Poor's Capital IQ.
      DataLast Updated (UTC time)
      Company Analysis2020/01/20 20:41
      End of Day Share Price2020/01/17 00:00
      Earnings2019/06/30
      Annual Earnings2018/12/31


      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.