BATHURST RESOURCES LIMITED (BRL)
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BRL

BRL - BATHURST RESOURCES LIMITED

FNArena Sector : Coal
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 0.34
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.69

29 May
2025

0.005

OPEN

$0.68

0.73%

HIGH

$0.69

21,678

LOW

$0.66

TARGET
$1.10 59.4% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
BRL: 1
Title FY23
Actual
FY24
Actual
FY25
Forecast
FY26
Forecast
EPS (cps) xxx 18.6 3.5 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx - 56.9% - 81.4% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 19.9 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: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

N/A

Estimated Dividend Growth
(Average Of Past Three Years)

 %

Amount Invested

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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

Last ex-div: 30/09 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx18.6
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx40.1 M
Book Value Per Share xxxxxxxxxxxxxxx151.9
Net Operating Cash Flow xxxxxxxxxxxxxxx9.9 M
Net Profit Margin xxxxxxxxxxxxxxx88.88 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx12.96 %
Return on Invested Capital xxxxxxxxxxxxxxx12.92 %
Return on Assets xxxxxxxxxxxxxxx12.11 %
Return on Equity xxxxxxxxxxxxxxx12.96 %
Return on Total Capital xxxxxxxxxxxxxxx-0.01 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx7.0 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 xxxxxxxxxxxxxxx1 M
Long Term Debt xxxxxxxxxxxxxxx1 M
Total Debt xxxxxxxxxxxxxxx2 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx11 M
Price To Book Value xxxxxxxxxxxxxxx0.53

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx14.2 M
Capex % of Sales xxxxxxxxxxxxxxx35.47 %
Cost of Goods Sold xxxxxxxxxxxxxxx33 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx8 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx263 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

Ord Minnett

26/05/2025

1

Initiation of coverage with Buy

$1.10

59.42%

Ord Minnett initiates coverage on New Zealand coal producer Bathurst Resources with a Buy rating, citing the stock’s significant valuation discount and strong balance sheet with NZ$135m in cash.

The broker forecasts attributable production growth of 60% to 2.0mt by FY30, supported by key organic growth projects at Buller and Tenas, with margins expected to reach 40% earnings (EBITDA) in FY30, outperforming peers.

The analysts' base case 2026 earnings (EBITDA) are projected at NZ$57m on a conservative met coal price assumption (US$184/t), rising to NZ$94m if prices recover to US$220/t.

The company's historical profitability, low-cost structure, and favourable New Zealand and Canadian royalty regimes underpin an attractive multi-year growth profile, suggests Ord Minnett. The Crown Mountain project is expected to offer further upside.

FORECAST
Ord Minnett forecasts a full year FY25 dividend of 0.00 cents and EPS of 3.46 cents.
Ord Minnett forecasts a full year FY26 dividend of 0.00 cents and EPS of 3.65 cents.

EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

0

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

BRL STOCK CHART