BHAGWAN MARINE LIMITED (BWN)
Share Price Analysis and Chart

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BWN

BWN - BHAGWAN MARINE LIMITED

FNArena Sector : Industrial Sector Contractors & Engineers
Year End: June
GICS Industry Group : Transportation
Debt/EBITDA: 3.57
Index:

0

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.29

31 Aug
2026

-0.005

OPEN

$0.30

-1.69%

HIGH

$0.31

140,193

LOW

$0.29

OTHER COMPANIES IN THE SAME SECTOR
3DA . ALQ . AVD . BOL . BSA . CG1 . CLG . CVL . CWY . CXL . DOW . DUR . EGL . FDC . FLC . IPG . LBL . MAD . MPW . MYG . PPK . RWL . SDV . SHA . SND . SSM . SYL . TEA . VBC . VEE . VNT . VYS .
FNARENA'S MARKET CONSENSUS FORECASTS

- No Record -

Last ex-div: 11/03 - ex-div 0.50c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx-0.1
DPS All xxxxxxxxxxxxxxx0.8
Sales/Revenue xxxxxxxxxxxxxxx235.9 M
Book Value Per Share xxxxxxxxxxxxxxx54.6
Net Operating Cash Flow xxxxxxxxxxxxxxx36.4 M
Net Profit Margin xxxxxxxxxxxxxxx-0.08 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx-0.10 %
Return on Invested Capital xxxxxxxxxxxxxxx-0.07 %
Return on Assets xxxxxxxxxxxxxxx-0.05 %
Return on Equity xxxxxxxxxxxxxxx-0.10 %
Return on Total Capital xxxxxxxxxxxxxxx2.46 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx6.2 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx37 M
Long Term Debt xxxxxxxxxxxxxxx121 M
Total Debt xxxxxxxxxxxxxxx158 M
Goodwill - Gross xxxxxxxxxxxxxxx44 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx24 M
Price To Book Value xxxxxxxxxxxxxxx0.49

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx27.2 M
Capex % of Sales xxxxxxxxxxxxxxx11.54 %
Cost of Goods Sold xxxxxxxxxxxxxxx213 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx15 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx1 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.0

No. Of Recommendations

0
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Shaw and Partners

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Argonaut

01/04/2026

1

Buy

$0.70

141.38%

Argonaut reiterates a Buy rating for Bhagwan Marine with a 0.70 target price following 1H FY26 results characterised by strong cash generation but softer-than-expected earnings margins.

The broker notes 1H FY26 EBITDA of 22.4m and free cash flow of 8.6m were in line with forecasts, supported by disciplined capital management and a faster-than-anticipated reduction in net debt.

Revenue of $116.9m was modestly below expectations, reflecting the completion of the TVI decommissioning project in FY25.

While EBITDA margins remain attractive at 19.2%, commentary states future valuation is tied to the successful integration of Riverside Marine and securing new contracts in the defense and decommissioning sectors to offset legacy project completions.

The price target is lowered -7% to reflect moderated earnings assumptions and tighter medium-term margins.

FORECAST
Argonaut forecasts a full year FY27 dividend of 0.80 cents and EPS of 4.20 cents.
Access Extra Coverage Research History >

BWN STOCK CHART

FNArena News on BWN

1
Australian Broker Call *Extra* Edition – Aug 31, 2026

Aug 31 2026 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Jul 13, 2026

Jul 13 2026 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – May 14, 2026

May 14 2026 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Apr 01, 2026

Apr 01 2026 - Daily Market Reports
5
FNArena Corporate Results Monitor – 27-02-2026

Feb 27 2026 - Australia

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