BHAGWAN MARINE LIMITED (BWN)
Share Price Analysis and Chart

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BWN

BWN - BHAGWAN MARINE LIMITED

FNArena Sector : NONE
Year End: June
GICS Industry Group : NONE
Debt/EBITDA: 1.31
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.55

02 Oct
2025

-0.005

OPEN

$0.56

-0.90%

HIGH

$0.57

872,751

LOW

$0.55

TARGET
$0.80 45.5% upside
FNARENA'S MARKET CONSENSUS FORECASTS
BWN: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 4.7 4.7 xxx
DPS (cps) xxx 0.5 1.0 xxx
EPS Growth xxx 100.0% 0.6% xxx
DPS Growth xxx N/A 100.0% xxx
PE Ratio xxx N/A 11.7 xxx
Dividend Yield xxx N/A 1.8% xxx
Div Pay Ratio(%) xxx 10.7% 21.3% 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

 $ 

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
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Title 20212022202320242025
EPS Basic xxxxxxxxxxxx4.7
DPS All xxxxxxxxxxxx0.5
Sales/Revenue xxxxxxxxxxxx283.0 M
Book Value Per Share xxxxxxxxxxxx61.0
Net Operating Cash Flow xxxxxxxxxxxx35.8 M
Net Profit Margin xxxxxxxxxxxx4.41 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 20212022202320242025
Return on Capital Employed xxxxxxxxxxxx10.16 %
Return on Invested Capital xxxxxxxxxxxx7.94 %
Return on Assets xxxxxxxxxxxx4.35 %
Return on Equity xxxxxxxxxxxx10.16 %
Return on Total Capital xxxxxxxxxxxx11.01 %
Free Cash Flow ex dividends xxxxxxxxxxxx-2.5 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 20212022202320242025
Short-Term Debt xxxxxxxxxxxx37 M
Long Term Debt xxxxxxxxxxxx29 M
Total Debt xxxxxxxxxxxx66 M
Goodwill - Gross xxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxx16 M
Price To Book Value xxxxxxxxxxxx0.83

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 20212022202320242025
Capex xxxxxxxxxxxx38.4 M
Capex % of Sales xxxxxxxxxxxx13.55 %
Cost of Goods Sold xxxxxxxxxxxx251 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxx10 M
Research & Development xxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxx1 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

01/10/2025

1

Buy, High Risk

$0.80

45.45%

Bhagwan Marine's board has released incentive plan targets before the October 29 AGM, with Shaw and Partners noting the FY28 earnings (EBITDA) hurdle sits around 20% above its forecast, signalling confidence in growth.

The Australian Government’s $25bn Henderson Defence Precinct investment could generate incremental revenue, suggests the broker, with defence currently just 2% of group revenue.

No changes are made to Shaw's forecasts. The Buy, High Risk rating and target price of 80c are maintained.

FORECAST
Shaw and Partners forecasts a full year FY26 dividend of 1.00 cents and EPS of 4.70 cents.
Shaw and Partners forecasts a full year FY27 dividend of 1.50 cents and EPS of 5.90 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

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

02/10/2025

1

Buy

$0.61

10.91%

Bhagwan Marine's growth outlook is revised higher by Petra Capital, supported by favourable vessel supply-demand dynamics and the potential to expand the company's operating footprint by vertical or geography.

The broker believes vessel supply will remain tight over the next three-to-four years, with even modest demand gains likely to lift utilisation and day rates.

Petra Capital's EPS forecasts for FY26, FY27 and FY28 rise by 0.1%, 2.5% and 2.5%, respectively, driven by higher revenue growth from vessel rates. Forecasts also include higher capex and depreciation partly offset by lower leasing costs.

A three-year EPS compound annual growth rate (CAGR) of 9.3% is expected to FY28, with return on average capital employed rising to 14%.

The broker maintains a Neutral rating and a 61c target price.

FORECAST
Petra Capital forecasts a full year FY26 dividend of 1.00 cents and EPS of 4.70 cents.
Petra Capital forecasts a full year FY27 dividend of 1.00 cents and EPS of 5.50 cents.
Access Extra Coverage Research History >

BWN STOCK CHART

FNArena News on BWN

1
In Brief: Kingsgate, Electro Optics & Bhagwan Marine

10:00 AM - Weekly Reports
2
Australian Broker Call *Extra* Edition – Sep 09, 2025

Sep 09 2025 - Daily Market Reports
3
FNArena Corporate Results Monitor – 01-09-2025

Sep 01 2025 - Australia
4
Australian Broker Call *Extra* Edition – Jun 04, 2025

Jun 04 2025 - Daily Market Reports
5
Australian Broker Call *Extra* Edition – May 19, 2025

May 19 2025 - Daily Market Reports