BANNERMAN ENERGY LIMITED (BMN)
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BMN

BMN - BANNERMAN ENERGY LIMITED

FNArena Sector : Uranium
Year End: June
GICS Industry Group : Energy
Debt/EBITDA: -0.01
Index: ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.995

18 Apr
2025

0.000

OPEN

$2.00

0.000

HIGH

$2.00

0

LOW

$2.00

TARGET
$4.70 135.6% upside
OTHER COMPANIES IN THE SAME SECTOR
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FNARENA'S MARKET CONSENSUS FORECASTS
BMN: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx - 6.3 - 4.7 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A N/A xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-6.3
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx0.0 M
Book Value Per Share xxxxxxxxxxxxxxx69.8
Net Operating Cash Flow xxxxxxxxxxxxxxx-2.6 M
Net Profit Margin xxxxxxxxxxxxxxx-

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-8.74 %
Return on Invested Capital xxxxxxxxxxxxxxx-8.74 %
Return on Assets xxxxxxxxxxxxxxx-8.62 %
Return on Equity xxxxxxxxxxxxxxx-8.74 %
Return on Total Capital xxxxxxxxxxxxxxx-5.31 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-2.7 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxxxxx0 M
Total Debt xxxxxxxxxxxxxxx0 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx24 M
Price To Book Value xxxxxxxxxxxxxxx4.68

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx15.6 M
Capex % of Sales xxxxxxxxxxxxxxx-
Cost of Goods Sold xxxxxxxxxxxxxxx0 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx6 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx4 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

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Shaw and Partners

15/04/2025

1

Buy

$4.70

135.59%

Shaw and Partners was pleasantly surprised by the progress made at Bannerman Energy's Etango Uranium Project in Namibia. The broker describes it as a project in development for the current cycle rather than an advanced exploration project for the next cycle.

The broker notes the Etango-8 project is based on 53Mlb resource, leaving expansion options from the balance of the total 207Mlb resource.

The analysts have downgraded uranium price forecasts, judging their current forecasts are too high. The 2025 estimate is lowered to US$77/lb from US$108/lb, and 2026 cut to US$123/lb from US$150/lb.

Buy, High risk. Target lowered to $4.70 from $7.40.

FORECAST
Shaw and Partners forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -4.70 cents.
Shaw and Partners forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -3.30 cents.
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

Petra Capital

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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

12/03/2025

1

Speculative Buy

$4.08

104.51%

Canaccord Genuity notes Bannerman Energy has indicated a positive decision on the final investment decision (target 2025) on the Etango-8 project is subject to a strengthening in the uranium market.

The broker highlights the company has the financial flexibility with $81.1m in cash and no debt, and it remains of the view Bannerman is a high-levered play to a uranium price rebound.

The broker notes the current spot price provides no incentive for new production but production needs to rise to meet the future uranium needs. 

Target price is $4.08. Rating retained at Speculative Buy.

FORECAST
Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -2.92 cents.
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -5.22 cents.
Access Extra Coverage Research History >

BMN STOCK CHART

FNArena News on BMN

1
Boss Energy On The Beat

Apr 16 2025 - Commodities
2
Uranium Week: Uncertainty Delays Tumas Project

Apr 15 2025 - Weekly Reports
3
Uranium Week: Sprott Physical Uranium Trust Speculations

Apr 08 2025 - Weekly Reports
4
Australian Broker Call *Extra* Edition – Apr 01, 2025

Apr 01 2025 - Daily Market Reports
5
Uranium Week: Tariff Paralysis

Mar 18 2025 - Weekly Reports

Latest Uranium News

1
Boss Energy On The Beat

Apr 16 2025 - Commodities
2
Uranium Week: Uncertainty Delays Tumas Project

Apr 15 2025 - Weekly Reports
3
Uranium Week: Sprott Physical Uranium Trust Speculations

Apr 08 2025 - Weekly Reports
4
Uranium Week: U3O8 Renaissance Meets Tariffs

Apr 01 2025 - Weekly Reports
5
Uranium Week: Small Positives

Mar 25 2025 - Weekly Reports
6
Uranium Week: Tariff Paralysis

Mar 18 2025 - Weekly Reports
7
Uranium Week: Capitulation Near The Bottom?

Mar 11 2025 - Weekly Reports
8
Uranium Week: Let’s Wait & See What Happens

Mar 04 2025 - Weekly Reports
9
Uranium Week: Russia Come-Back Uncertainty

Feb 25 2025 - Weekly Reports
10
Uranium Week: Confusing Spot Weakness

Feb 18 2025 - Weekly Reports