BCI Minerals Ltd (BCI) AI Stock Analysis

• Market Cap: AU$1.10B
• Dividend Yield: N/A
• Average Volume (3M): 442.42K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.66
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.01
• Shares Outstanding: 2,887,513,000
• 10 Day Avg. Volume: 623,075
• 30 Day Avg. Volume: 442,417
• PEG Ratio: -0.11
• Price to Book (P/B): 1.00
• Price to Sales (P/S): 132.38
• P/FCF Ratio: -1.94
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): -0.04
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: AU$0.50 ▲(31.58% Upside)

BCI Minerals Ltd's overall stock score is primarily impacted by its weak financial performance, with significant challenges in profitability and cash flow management. The technical analysis provides a slightly better outlook with some medium-term support, but the valuation remains a concern due to the negative P/E ratio and lack of dividend yield. The absence of earnings call and corporate events data did not influence the score.

Positive Factors

Revenue Growth

The substantial revenue growth indicates strong market demand and successful project execution, which can enhance long-term market position and financial stability.

Market Demand

Rising agricultural demand for potassium sulfate supports BCI's core business, providing a stable and growing market for its products, enhancing revenue potential.

Strategic Partnerships

Strategic partnerships and offtake agreements ensure a steady market for BCI's products, reducing sales risk and supporting long-term revenue stability.

Negative Factors

Profitability Challenges

Persistent negative margins indicate inefficiencies in cost management, which can hinder profitability and long-term financial health.

Cash Flow Management

Negative operating cash flow suggests difficulties in cash generation, potentially limiting investment capacity and financial flexibility.

Leverage Concerns

Increased leverage can strain financial resources and elevate risk, affecting the company's ability to invest in growth opportunities.

BCI Minerals Ltd Business Overview & Revenue Model

Company Description

BCI 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 Money

BCI Minerals generates revenue primarily through the production and sale of potash and salt products. The company’s key revenue streams come from the Mardie Project, which is expected to capitalize on the increasing demand for potassium sulfate in agriculture due to its benefits as a fertilizer. Additionally, BCI may secure revenue through strategic partnerships and offtake agreements with buyers in the agricultural sector, ensuring a steady market for its products. The company's ability to establish strong relationships with distributors, fertilizer manufacturers, and agricultural cooperatives plays a significant role in its revenue generation strategy.

BCI Minerals Ltd Financial Statement Overview

Summary

BCI Minerals Ltd is facing challenges in profitability and cash flow management, despite a recent surge in revenue growth. The company has a moderate level of leverage, but negative returns on equity and margins suggest inefficiencies. The cash flow situation is concerning, with negative operating cash flow and reliance on non-operational sources. Overall, the financial health of the company is under pressure, requiring strategic improvements in cost management and cash flow generation.

Income Statement

BCI Minerals Ltd has experienced significant volatility in its revenue growth, with a notable increase of 2523.98% in the most recent period, following a decline in previous years. However, the company is struggling with negative margins across the board, including a gross profit margin of -5.82% and a net profit margin of -8.11%, indicating challenges in profitability and cost management.

Balance Sheet

The company's debt-to-equity ratio has increased to 0.48, reflecting a moderate level of leverage. The return on equity is negative at -6.13%, suggesting inefficiencies in generating returns for shareholders. However, the equity ratio remains strong at 64.06%, indicating a solid capital structure.

Cash Flow

BCI Minerals Ltd has shown a significant increase in free cash flow growth at 97.57%, but the operating cash flow remains negative. The free cash flow to net income ratio is high at 45.67, indicating a reliance on non-operational sources for cash flow. The operating cash flow to net income ratio is negative, highlighting challenges in converting income into cash.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	5.80M	5.80M	8.69M	60.16M	63.00M	162.46M
Gross Profit	-33.75M	-33.75M	-5.73M	3.78M	-675.00K	32.37M
EBITDA	-55.73M	-55.73M	-43.40M	-12.17M	-7.19M	26.98M
Net Income	-47.05M	-47.05M	-15.32M	9.38M	-15.48M	21.97M
Balance Sheet
Total Assets	1.20B	1.20B	1.02B	614.92M	538.39M	227.81M
Cash, Cash Equivalents and Short-Term Investments	80.27M	80.27M	265.64M	121.69M	271.34M	80.12M
Total Debt	369.13M	369.13M	113.84M	103.99M	20.50M	873.00K
Total Liabilities	430.26M	430.26M	216.22M	183.46M	104.16M	55.14M
Stockholders Equity	767.01M	767.01M	805.22M	431.46M	434.24M	172.66M
Cash Flow
Free Cash Flow	-412.56M	-396.15M	-243.10M	-231.50M	-103.11M	-7.79M
Operating Cash Flow	-8.67M	-8.67M	-27.07M	-1.91M	39.61M	9.23M
Investing Cash Flow	-377.89M	-380.92M	-212.35M	-219.90M	-142.68M	-16.88M
Financing Cash Flow	208.48M	208.48M	388.87M	99.26M	255.66M	45.55M

BCI Minerals Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.38
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: 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 0.38 is below the 20-day moving average (MA) of 0.38, below the 50-day MA of 0.39, and above the 200-day MA of 0.33, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 50.74 is Neutral, neither overbought nor oversold. The STOCH value of 45.83 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DVP	66 Neutral	$1.36B	15.49	14.22%	―	57.22%	―
AMI	64 Neutral	$397.75M	8.48	14.01%	―	10.84%	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
BCI	46 Neutral	AU$1.10B	―	―	―	―	―
A4N	45 Neutral	AU$852.95M	-26.22	-13.97%	―	620.73%	-21.19%
IPX	38 Underperform	AU$2.11B	-34.02	-50.19%	―	―	-20.85%

BCI Minerals Ltd Corporate Events

BCI Minerals Reinforces Commitment to Sustainable Salt and SOP Production

BCI Minerals Ltd has announced its commitment to the Mardie Project, emphasizing its goal to deliver sustainable and high-quality salt and SOP. This initiative is expected to enhance the company’s operational efficiency and strengthen its market position, benefiting stakeholders by providing long-term value.

BCI Minerals Ltd Updates Share Trading Policy

BCI Minerals Ltd has released a revised Share Trading Policy in compliance with ASX Listing Rule 12.10. This policy outlines the guidelines for trading in the company’s securities by directors, officers, employees, and contractors, as well as their connected persons. The announcement signifies BCI’s commitment to maintaining transparency and compliance with regulatory standards, potentially impacting stakeholders by ensuring fair trading practices.

BCI Minerals Ltd Updates on Director’s Interest in Securities

BCI Minerals Ltd announced a change in the director’s interest, specifically regarding David Boshoff’s indirect interest in securities through the Boshoff Family Pty Ltd as trustee for the Boshoff Family Trust. The update includes the acquisition of 2,823,787 Performance Rights and 1,803,765 Share Rights for 2025, with no cash consideration involved. This change reflects the company’s ongoing efforts to align its leadership’s interests with its strategic goals, potentially impacting its operational focus and stakeholder relations.

BCI Minerals Issues Unquoted Equity Securities for Employee Incentive

BCI Minerals Ltd announced the issuance of unquoted equity securities, including 7,919,167 Performance Rights and 4,287,035 Share Rights, as part of an employee incentive scheme. This move is likely aimed at aligning employee interests with company performance, potentially enhancing operational efficiency and stakeholder value.

BCI Minerals Secures Shareholder Support at AGM

BCI Minerals Limited announced that all resolutions presented at its Annual General Meeting were successfully carried by a poll. This outcome reflects strong shareholder support for the company’s strategic initiatives, including the re-election of directors and approval of various rights plans, which are crucial for its operational and financial strategies.

BCI Minerals Ltd Honors Traditional Custodians at AGM

BCI Minerals Ltd held its Annual General Meeting, acknowledging the Traditional Custodians of the land across Australia, including the Yaburara and Mardudhunera People and the Whadjuk People of the Noongar Nation. The company expressed respect and support for the cultural, spiritual, and educational practices of First Nations People, emphasizing its commitment to honoring past and present custodians.

BCI Minerals Commences Operations at Mardie Project

BCI Minerals Ltd has announced a significant milestone with the commencement of operations at its Mardie project, marking a pivotal moment in the company’s history. The project, which has successfully navigated both State and Commonwealth environmental approvals, is set to deliver long-term benefits for shareholders and the Australian economy. The salt-first phase of the operation is fully funded, on schedule, and within budget, with first salt on ship expected by the end of 2026. This development positions BCI as a strong investment opportunity with potential for annuity-style returns.

BCI Minerals Ltd Quarterly Update: Sustainable Growth and Market Positioning

BCI Minerals Ltd has released its quarterly update for September 2025, highlighting its commitment to sustainable development and value creation through the Mardie Project. The company emphasizes its strategy to deliver world-class salt and SOP products, which is expected to enhance its market position and provide long-term benefits to its team, communities, and shareholders.

BCI Minerals Advances Mardie Project with Key Milestones Achieved

BCI Minerals Ltd reported significant progress in its Mardie Salt Operation and Potash Project during the September 2025 quarter. The company achieved 93% inundation of pond surfaces and advanced construction to 74% completion. Key developments included the completion of salt crystallisers and substantial progress on the marine package for Cape Preston West Port. BCI also implemented a digital twin model for improved production decision-making and drew additional funds from its syndicated debt facility to support ongoing operations. These advancements are expected to enhance BCI’s operational capabilities and strengthen its market position.

BCI Minerals to Release September 2025 Quarterly Report

BCI Minerals Ltd has announced that it will release its September 2025 Quarterly Report on October 23, 2025. The company will host a conference call on the same day to discuss the report and provide updates, inviting shareholders and investors to participate via a webcast service. This announcement indicates BCI Minerals’ commitment to transparency and engagement with its stakeholders, potentially impacting investor confidence and market positioning.

BCI Minerals Announces Annual General Meeting for Shareholders

BCI Minerals Ltd has announced its Annual General Meeting (AGM) for shareholders, scheduled to take place on November 21, 2025, in Perth, Western Australia. The company emphasizes the importance of shareholder participation and encourages the use of electronic communication for efficiency. Shareholders are urged to submit their proxy forms by November 19, 2025, to ensure their votes are counted. This meeting is a significant event for BCI Minerals, as it provides a platform for discussing the company’s performance and strategic direction, potentially impacting its market positioning and stakeholder relations.