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

$2.51

04 Aug
2025

0.000

OPEN

$2.43

0.000

HIGH

$2.52

1,319,661

LOW

$2.37

TARGET
$4.70 87.3% upside
OTHER COMPANIES IN THE SAME SECTOR
1AE . AEE . AGE . AKN . ASN . BKY . BOE . BSN . C29 . CXO . CXU . DEV . DYL . EL8 . EL8 . ERA . GLA . GTR . GUE . HAR . I88 . KOB . LAM . LOT . MEU . NXG . ORP . PDN . PEN . SLX . TOE . WCN .
FNARENA'S MARKET CONSENSUS FORECASTS
BMN: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx - 6.3 - 4.3 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

30/07/2025

1

Buy

$4.70

87.25%

Bannerman Energy announced its June quarter activities report, highlighting that early construction at the Etango uranium project is in line with the miner's schedule and budget, explains Shaw and Partners.

An $85m equity raising was conducted over the period, which will be used to fund construction plans for first production of U3O8 to commence in late 2027. A final investment decision is flagged for the end of 2025.

The recent rally in uranium stock prices offered a good opportunity for Bannerman to raise funds for development plans without significant equity dilution, the analyst believes.

Shaw and Partners likes the scale and scalability of the Etango project.

The broker remains bullish on the U3O8 price and assumes a multiyear price spike to US$150/lb as utilities scramble to cover fuel needs from 2027–2030 amid limited new supply, before retreating to the long-term price forecast of US$80/lb (real) in 2032.

Shaw retains a Buy rating and a $4.70 target price.

FORECAST
Shaw and Partners forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -4.30 cents.
Shaw and Partners forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -1.70 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

Canaccord Genuity

xx/xx/xxxx

1

xxxxxxxxxxx xxx

$xx.xx

xx.xx%

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Petra Capital

20/05/2025

1

Buy

$5.33

112.35%

Petra Capital outlines the ongoing works at Etango by Bannerman Energy with cash at March quarter end at $68.8m and some -$26m committed for future works.

The analyst explains first production is currently delayed by a quarter even though the final investment decision has been deferred by a year since initiating coverage on the stock in May 2024.

Bannerman is believed to be waiting for higher pricing which should be evidenced as utilities return to the market, Petra details.

The final investment decision is expected in 2H 2025 with the stock up around 70% in recent weeks and short interest sitting at some 15-days average trading volume to cover.

The stock remains Buy rated with a $5.33 target price.

FORECAST
Petra Capital forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -2.30 cents.
Petra Capital forecasts a full year FY26 dividend of 0.00 cents and EPS of 17.90 cents.
Access Extra Coverage Research History >

BMN STOCK CHART

FNArena News on BMN

1
Uranium Week: Supply Challenges Are Mounting

10:00 AM - Weekly Reports
2
Australian Broker Call *Extra* Edition – Aug 04, 2025

Aug 04 2025 - Daily Market Reports
3
Rudi’s View: Bega Cheese, Cettire, Harvey Norman, Sigma, SiteMinder & More

Jul 24 2025 - Rudi's View
4
Rudi’s View: Extreme Bifurcation Ahead Of August

Jul 23 2025 - Rudi's View
5
Uranium Week: Utilities Swing Into Gear

Jul 22 2025 - Weekly Reports

Latest Uranium News

1
Uranium Week: Supply Challenges Are Mounting

10:00 AM - Weekly Reports
2
Honeymoon Uncertainty Clouds Boss’ Outlook

Jul 30 2025 - Commodities
3
Uranium Week: Boss Energy’s Honeymoon Shock

Jul 29 2025 - Weekly Reports
4
Uranium Week: Utilities Swing Into Gear

Jul 22 2025 - Weekly Reports
5
Uranium Week: Sprott Bump No More

Jul 15 2025 - Weekly Reports
6
Uranium Week: U3O8 Spot Price Poised To Fall

Jul 08 2025 - Weekly Reports
7
Uranium Week: AI Tech Fuses With Nuclear

Jul 01 2025 - Weekly Reports
8
Uranium Week: Up By 12%, Looking For More

Jun 24 2025 - Weekly Reports
9
Time For Uranium Stocks To Shine

Jun 17 2025 - Technicals
10
Uranium Week: Sprott Nukes ASX Shorts

Jun 17 2025 - Weekly Reports