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BCI Minerals Ltd (AU:BCI)
ASX:BCI

BCI Minerals Ltd (BCI) AI Stock Analysis

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AU

BCI Minerals Ltd

(Sydney:BCI)

Rating:39Underperform
Price Target:
BCI Minerals Ltd faces substantial financial challenges with declining revenues and negative profitability, heavily impacting the stock score. The technical analysis further highlights a bearish trend, while the high P/E ratio suggests overvaluation. These factors collectively result in a low overall stock score, indicating caution for potential investors.

BCI Minerals Ltd (BCI) vs. iShares MSCI Australia ETF (EWA)

BCI Minerals Ltd Business Overview & Revenue Model

Company DescriptionBCI Minerals Limited engages in the exploration and development of mineral assets in Australia. The company explores for salt, iron ore, and sulphate of potash deposits. It primarily focuses on its 100% interest owned in the Mardie Salt and Potash Project located in the West Pilbara coast, as well as owns interest in the Iron Valley mine located in the Central Pilbara. The company was formerly known as BC Iron Limited and changed its name to BCI Minerals Limited in December 2017. BCI Minerals Limited was incorporated in 2006 and is based in West Perth, Australia.
How the Company Makes MoneyBCI Minerals Ltd generates revenue primarily through the production and sale of iron ore and the development of its Mardie Salt & Potash Project. The Iron Valley Iron Ore Mine, operated under an agreement with Mineral Resources Limited, provides BCI with iron ore royalties based on production volumes. The Mardie Project, which is in the development phase, is expected to produce high-quality salt and potash, contributing significantly to future revenue streams. The company also benefits from strategic partnerships and joint ventures that enhance its operational capabilities and market reach.

BCI Minerals Ltd Financial Statement Overview

Summary
BCI Minerals Ltd is facing significant financial challenges with declining revenues and negative profitability, which are critical concerns. Despite maintaining a strong equity base, the company struggles with cash flow generation. Continued focus on improving operational efficiency and revenue generation is essential for future financial health.
Income Statement
30
Negative
BCI Minerals Ltd has faced declining revenue trends, with a notable decrease from AUD 162.5M in 2021 to zero in 2024, raising concerns about its revenue-generating ability. Gross and net profit margins have been negative in recent years, indicating profitability challenges. The company reported significant EBIT and EBITDA losses in 2024, reflecting operational inefficiencies.
Balance Sheet
55
Neutral
The company maintains a strong equity position with a high equity ratio, reflecting stability and low leverage. Despite an increase in total debt, the debt-to-equity ratio remains manageable. However, the negative net income impacts return on equity negatively.
Cash Flow
45
Neutral
BCI Minerals Ltd has experienced negative free cash flows consistently due to substantial capital expenditures. The operating cash flow to net income ratio is also negative, indicating cash flow management issues. However, the company has managed to improve its financing cash flow, suggesting efforts to support liquidity.
Breakdown
TTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income StatementTotal Revenue
221.00K0.0060.16M63.00M162.46M77.49M
Gross Profit
-14.83M-5.73M3.78M-675.00K32.37M1.05M
EBIT
-24.25M-57.81M-14.32M-18.23M26.22M-4.51M
EBITDA
-20.77M-43.40M-6.74M-7.19M26.98M3.56M
Net Income Common Stockholders
-9.59M-15.32M9.38M-15.48M21.97M377.00K
Balance SheetCash, Cash Equivalents and Short-Term Investments
70.14M265.64M121.69M271.34M80.12M42.10M
Total Assets
975.11M1.02B614.92M538.39M227.81M136.12M
Total Debt
130.36M113.84M103.99M20.50M873.00K772.00K
Net Debt
65.08M-145.07M-5.48M-211.53M-78.56M-40.78M
Total Liabilities
175.14M216.22M183.46M104.16M55.14M32.00M
Stockholders Equity
799.97M805.22M431.46M434.24M172.66M104.12M
Cash FlowFree Cash Flow
-200.51M-243.10M-231.50M-103.11M-7.79M-2.78M
Operating Cash Flow
-30.41M-27.07M-1.91M39.61M9.23M4.38M
Investing Cash Flow
-163.22M-212.35M-219.90M-142.68M-16.88M3.46M
Financing Cash Flow
0.00388.87M99.26M255.66M45.55M0.00

BCI Minerals Ltd Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.30
Price Trends
50DMA
0.27
Positive
100DMA
0.26
Positive
200DMA
0.27
Positive
Market Momentum
MACD
<0.01
Positive
RSI
61.50
Neutral
STOCH
58.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BCI, the sentiment is Positive. The current price of 0.3 is above the 20-day moving average (MA) of 0.29, above the 50-day MA of 0.27, and above the 200-day MA of 0.27, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 61.50 is Neutral, neither overbought nor oversold. The STOCH value of 58.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:BCI.

BCI Minerals Ltd Peers Comparison

Overall Rating
UnderperformOutperform
Sector (50)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
50
Neutral
$2.00B-1.12-21.15%3.68%2.69%-30.65%
AUBCI
39
Underperform
$822.94M68.60
$334.20M31.254.44%
$694.54M-2.13%
AUIPX
38
Underperform
AU$1.10B-38.95%-16.77%
AUVUL
AU$822.43M-13.59%
AUA4N
45
Neutral
AU$977.82M-20.07%173.87%-27.93%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:BCI
BCI Minerals Ltd
0.30
0.06
25.53%
AUMTF
Aurelia Metals
0.18
0.03
20.00%
VTEXF
Develop Global Limited
1.40
-0.10
-6.67%
AU:IPX
Iperionx Limited
3.43
1.20
53.81%
AU:VUL
Vulcan Energy Resources Ltd.
3.82
-0.96
-20.08%
AU:A4N
Alpha HPA Limited
0.86
-0.04
-4.44%

BCI Minerals Ltd Corporate Events

BCI Minerals Director Increases Shareholding
May 2, 2025

BCI Minerals Ltd has announced a change in the director’s interest, with Brian O’Donnell acquiring 131,527 fully paid ordinary shares through an on-market purchase. This acquisition increases his indirect holding to 2,665,102 shares, reflecting a strategic move that may impact the company’s governance and shareholder dynamics.

BCI Minerals Highlights Commitment to Traditional Custodians in Quarterly Update
Apr 29, 2025

BCI Minerals Ltd has released its March 2025 Quarterly Update, highlighting its ongoing commitment to acknowledging the Traditional Custodians of the land in Australia, including the Yaburara, Mardudhunera, Robe River Kuruma, and Whadjuk People. The update reflects BCI’s dedication to respecting these communities and their connection to the land, sea, and community, which is an integral part of their operational and corporate ethos.

BCI Minerals Advances Mardie Project with Key Milestones Achieved
Apr 29, 2025

BCI Minerals Ltd reported significant progress in its Mardie Salt and Sulphate of Potash Project, with construction reaching 61% completion and the commencement of full-scale operations. The company achieved a reduction in its Total Recordable Injury Frequency Rate and received governmental approvals for its updated Groundwater Monitoring and Management Plan. Additionally, BCI accessed its project debt facility and received recognition for its syndicated project debt facility, winning the 2024 Mining Deal of the Year award.

BCI Minerals Advances Groundwater Management for Mardie Project
Mar 26, 2025

BCI Minerals Ltd has submitted responses to the Commonwealth Department of Climate Change, Energy, the Environment and Water regarding its Groundwater Monitoring and Management Plan for the Mardie project. The approval of this plan is crucial for BCI as it will allow the company to complete its pond infrastructure and commence full-scale operations, with the first salt shipment targeted for late 2026. The company has already received approval from the Western Australian Department of Water and Environmental Regulation and is awaiting feedback from the Commonwealth. This development is a key step in BCI’s operational expansion and could significantly impact its market positioning and stakeholder interests.

BCI Minerals Director Increases Shareholding
Mar 6, 2025

BCI Minerals Limited announced a change in the director’s interest, with Brian O’Donnell acquiring 200,000 additional fully paid ordinary shares through an on-market purchase. This transaction increases his indirect holdings to 2,533,575 shares, reflecting confidence in the company’s prospects and potentially impacting investor perceptions positively.

BCI Minerals Advances Towards Completion of Mardie Project
Mar 3, 2025

BCI Minerals Ltd is progressing with the construction of its Mardie Project, which is set to deliver world-class industrial salt. As of December 2024, the project is 56% complete, with a construction budget of $1,443 million and available funding of $979 million, ensuring the project’s financial stability. This development is expected to create sustainable opportunities and value for the company’s stakeholders.

BCI Minerals Secures Key Approval for Mardie Project Expansion
Feb 28, 2025

BCI Minerals Ltd has received approval from the Western Australian Department of Water and Environmental Regulation for the second phase of its Groundwater Monitoring and Management Plan at the Mardie Salt and Potash Project. This approval is a crucial step towards commencing full production, with the company now awaiting final approval from the Commonwealth Department of Climate Change, Energy, the Environment and Water. This development is expected to support BCI’s goal of achieving first salt on ship by the second quarter of fiscal year 2027, marking significant progress in their project timeline.

BCI Minerals Advances Mardie Project Amidst Strategic Achievements in H1 FY25
Feb 20, 2025

BCI Minerals Ltd reported significant achievements in the first half of FY25, including major milestones in the construction and financing of the Mardie Salt and Potash Project. The company commenced salt production operations and secured environmental approval, marking a critical advancement in their operations. Health and safety remained a priority, with the implementation of new leadership programs and safety measures. The company’s strategic progress strengthens its industry positioning, potentially benefiting stakeholders and the regional market.

BCI Minerals Reports Half-Year Loss Amid Strategic Shift
Feb 20, 2025

BCI Minerals reported a significant loss of $9.6 million after tax for the half-year ending December 31, 2024, largely due to ongoing investment in the Mardie Project. The company recorded no revenue from discontinued operations following the divestment of its Iron Valley assets, aligning with its strategic shift towards industrial minerals. This financial performance reflects BCI’s commitment to transitioning its business model, which, while impacting short-term financials, is intended to strengthen its long-term industry positioning.

BCI Minerals Ltd Announces Quotation of New Securities on ASX
Feb 14, 2025

BCI Minerals Ltd has announced the quotation of 1,822,015 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move reflects the company’s ongoing activities related to the conversion of options or convertible securities, which may influence its market positioning and affect stakeholders by potentially increasing liquidity in its shares.

BCI Minerals Ltd Announces Cessation of Performance Rights
Feb 11, 2025

BCI Minerals Ltd announced the cessation of 865,120 performance rights from 2024 and 426,139 from 2023 due to unmet or unsatisfiable conditions as of January 17, 2025. This announcement reflects a strategic shift or adjustment in the company’s operations, potentially impacting stakeholders and market perceptions.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.