Financials BSA Limited

Equities

BSA

AU000000BSA3

Construction & Engineering

Market Closed - Australian S.E. 11:41:11 2024-05-02 pm EDT 5-day change 1st Jan Change
0.665 AUD -5.00% Intraday chart for BSA Limited +2.31% +11.76%

Valuation

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 139.1 129.7 140.9 39.39 42.91 47.99 -
Enterprise Value (EV) 1 122.8 97.02 132.6 39.39 44.95 57.79 48.19
P/E ratio 813 x 16.6 x - -0.86 x - 4.59 x 4.21 x
Yield 1.54% 3.33% 3.08% - - - -
Capitalization / Revenue 0.3 x 0.27 x 0.34 x - - 0.2 x 0.19 x
EV / Revenue 0.26 x 0.2 x 0.32 x - - 0.24 x 0.19 x
EV / EBITDA 4.99 x 3.75 x 5.73 x - - 2.83 x 2.24 x
EV / FCF 10.9 x 4.62 x -11.7 x - - -14.4 x 3.89 x
FCF Yield 9.21% 21.6% -8.54% - - -6.92% 25.7%
Price to Book - - - - - - -
Nbr of stocks (in thousands) 53,498 54,050 54,203 71,368 71,509 72,160 -
Reference price 2 2.600 2.400 2.600 0.5520 0.6000 0.6650 0.6650
Announcement Date 8/19/19 8/23/20 8/19/21 8/22/22 8/29/23 - -
1AUD in Million2AUD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025
Net sales 1 469.5 486.1 418.3 - - 244 250
EBITDA 1 24.61 25.88 23.12 - - 20.4 21.5
EBIT 1 18.42 15.5 12.2 - 12 16.3 17.4
Operating Margin 3.92% 3.19% 2.92% - - 6.68% 6.96%
Earnings before Tax (EBT) 1 - 10.86 - - 9.622 14.7 16
Net income 1 0.172 7.802 1.479 -42.24 -2.96 6.6 11.4
Net margin 0.04% 1.6% 0.35% - - 2.7% 4.56%
EPS 2 0.003200 0.1448 - -0.6446 - 0.1450 0.1580
Free Cash Flow 1 11.31 21 -11.32 - - -4 12.4
FCF margin 2.41% 4.32% -2.71% - - -1.64% 4.96%
FCF Conversion (EBITDA) 45.96% 81.14% - - - - 57.67%
FCF Conversion (Net income) 6,576.16% 269.16% - - - - 108.77%
Dividend per Share 0.0400 0.0800 0.0800 - - - -
Announcement Date 8/19/19 8/23/20 8/19/21 8/22/22 8/29/23 - -
1AUD in Million2AUD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2023 S1 2023 S2 2024 S1 2024 S2 2025 S2
Net sales 1 258.9 227.2 213.2 205.2 217.6 - - 121.4 122 -
EBITDA 1 12.81 13.07 11.37 11.75 -2 - - 10.1 10.3 -
EBIT 1 - 7.843 5.767 6.434 -6.1 - 7.831 8.6 8.2 8.2
Operating Margin - 3.45% 2.71% 3.14% -2.8% - - 7.08% 6.72% -
Earnings before Tax (EBT) - - - - - - - - - -
Net income - - 1.304 - - -9.405 - - - -
Net margin - - 0.61% - - - - - - -
EPS -0.0669 - 0.0240 - - - - - - -
Dividend per Share - 0.0400 0.0400 0.0400 - - - - - -
Announcement Date 2/24/20 8/23/20 2/17/21 8/19/21 2/27/22 2/23/23 8/29/23 2/22/24 - -
1AUD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 - - - - 2.04 9.8 0.2
Net Cash position 1 16.3 32.7 8.35 - - - -
Leverage (Debt/EBITDA) - - - - - 0.4804 x 0.009302 x
Free Cash Flow 1 11.3 21 -11.3 - - -4 12.4
ROE (net income / shareholders' equity) 31.7% 22.9% 21.4% - - - 439%
ROA (Net income/ Total Assets) 8.3% 5.24% 4.77% - 6.24% 32.1% 35.9%
Assets 1 2.073 149 30.99 - -47.47 20.56 31.75
Book Value Per Share - - - - - - -
Cash Flow per Share 2 0.3400 0.5800 -0.0800 - -0.2500 -0.0400 0.1900
Capex 1 7.04 10.3 6.73 - 0.83 1 1
Capex / Sales 1.5% 2.12% 1.61% - - 0.41% 0.4%
Announcement Date 8/19/19 8/23/20 8/19/21 8/22/22 8/29/23 - -
1AUD in Million2AUD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
0.7 AUD
Average target price
1.25 AUD
Spread / Average Target
+78.57%
Consensus

Quarterly revenue - Rate of surprise

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