BKI Investment Co. Ltd. (BKI) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: 4.63%
• Average Volume (3M): 277.49K
• Price to Earnings (P/E): 22.0
• Beta (1Y): 0.34
• Revenue Growth: 0.65%
• EPS Growth: -4.61%
• Country: AU
• Employees: N/A
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 0.04
• Shares Outstanding: 807,134,200
• 10 Day Avg. Volume: 237,856
• 30 Day Avg. Volume: 277,488
• PEG Ratio: -5.12
• Price to Book (P/B): 0.98
• Price to Sales (P/S): 20.24
• P/FCF Ratio: 22.08
• 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): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: AU$2.00 ▲(16.28% Upside)
• Action: Reiterated Date: 12/30/25
• Date: Action: Reiterated 12/30/25

The score is driven primarily by strong financial quality (high margins, debt-free balance sheet, and solid cash generation). This is tempered by only mixed technical signals (weakness versus medium/longer moving averages and slightly negative MACD) and a valuation that is reasonable mainly because the dividend yield helps offset a mid-range P/E.

Positive Factors

Strong Financial Quality

BKI's high profit margins and debt-free balance sheet provide financial stability and flexibility, supporting long-term growth and resilience.

Cash Generation Ability

Consistent cash flow generation ensures BKI can sustain operations, reinvest in its portfolio, and distribute dividends, underpinning shareholder value.

Market Outperformance

Outperforming the market indicates effective portfolio management and strategic sector positioning, enhancing BKI's competitive advantage.

Negative Factors

Volatile Revenue

Revenue volatility can lead to unpredictable earnings, affecting investor confidence and potentially limiting strategic planning and investment.

Moderate Returns on Equity

Moderate returns on equity suggest that BKI may not be fully optimizing its equity base, potentially impacting long-term profitability and growth.

Inconsistent Cash Flow Growth

Inconsistent cash flow growth can hinder BKI's ability to plan for future investments and maintain stable dividend payouts, affecting long-term stability.

BKI Investment Co. Ltd. Business Overview & Revenue Model

Company Description

BKI Investment Company Limited is a publicly owned investment manager. The firm invests in the public equity markets. It invest in the stocks of companies operating across diversified sectors. It also invest in well managed, quality Australian companies. The firm primarily invests in dividend paying stocks of companies. It employs bottom up approach with a focus on merits of individual companies rather than market and economic trends to create its portfolio. The firm conducts in-house research to make its investments. BKI Investment Company Limited was formed on October 17, 2003 and is based in Sydney, Australia.

How the Company Makes Money

BKI makes money primarily through management fees charged on the assets under its management. The company collects fees based on a percentage of the total assets managed, which provides a steady stream of income proportional to the size of the portfolios it oversees. Additionally, BKI earns revenue from performance-based fees, which are contingent on achieving certain investment benchmarks or returns. The company may also generate income through advisory fees for providing strategic financial advice and planning services to its clients. Strategic partnerships with financial institutions and a robust client base contribute significantly to BKI's earnings, enhancing its reputation and ability to attract more assets for management.

BKI Investment Co. Ltd. Financial Statement Overview

Summary

Strong overall fundamentals: exceptionally high profit and EBIT margins, a very conservative debt-free balance sheet with a large equity base, and solid positive cash generation with free cash flow matching net income. The main offsets are volatile revenue/investment income, uneven cash flow growth, and only moderate, fluctuating returns on equity.

Income Statement

Profitability is exceptionally strong, with consistently very high net profit margins (roughly ~88%–96% in most years) and EBIT margins generally above ~85%, reflecting a highly scalable earnings model. However, revenue has been volatile over the period (several years of contraction followed by a rebound in 2025), which reduces visibility and caps the score despite strong margins.

Balance Sheet

The balance sheet is very conservative with zero debt across all reported years and a large equity base, providing strong financial flexibility. Total equity has generally grown over time, supporting stability. The main weakness is that returns on equity are moderate rather than consistently high (roughly ~3%–9%), indicating profitability relative to the equity base can fluctuate.

Cash Flow

Cash generation is solid and generally tracks earnings well, with free cash flow matching net income (free cash flow to net income at 1.0 in each period provided). Operating cash flow has been positive every year and rebounded in 2025, but cash flow growth has been inconsistent (declines in multiple years), and the operating cash flow coverage ratio swings materially year-to-year, suggesting variability in cash conversion dynamics.

Breakdown	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	70.16M	68.34M	77.55M	104.60M	39.85M
Gross Profit	70.16M	68.34M	72.75M	63.39M	40.15M
EBITDA	67.93M	0.00	0.00	0.00	0.00
Net Income	61.86M	64.39M	70.07M	100.80M	36.65M
Balance Sheet
Total Assets	1.58B	1.48B	1.40B	1.24B	1.29B
Cash, Cash Equivalents and Short-Term Investments	98.44M	99.40M	105.22M	72.08M	40.61M
Total Debt	0.00	0.00	0.00	0.00	0.00
Total Liabilities	140.75M	113.15M	97.30M	73.13M	114.97M
Stockholders Equity	1.44B	1.37B	1.30B	1.17B	1.17B
Cash Flow
Free Cash Flow	64.32M	63.55M	73.91M	100.17M	38.08M
Operating Cash Flow	64.32M	63.55M	73.91M	100.17M	38.08M
Investing Cash Flow	-5.32M	-14.25M	-55.90M	-23.48M	-11.64M
Financing Cash Flow	-59.96M	-55.13M	15.13M	-45.22M	-34.13M

BKI Investment Co. Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.72
• 50DMA: Positive
• 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:BKI, the sentiment is Positive. The current price of 1.72 is below the 20-day moving average (MA) of 1.74, above the 50-day MA of 1.71, and above the 200-day MA of 1.71, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 53.78 is Neutral, neither overbought nor oversold. The STOCH value of 70.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:BKI.

BKI Investment Co. Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BKI	73 Outperform	―	21.96	4.40%	4.63%	0.65%	-4.61%
MAM	72 Outperform	AU$68.59M	7.05	32.22%	6.39%	22.67%	19.47%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
WTL	61 Neutral	AU$47.91M	10.14	15.13%	5.00%	16.64%	19.30%
SB2	61 Neutral	AU$63.06M	-40.11	3.57%	6.89%	30.36%	-31.47%
LCE	55 Neutral	AU$26.98M	70.25	2.17%	2.94%	38.32%	―
CIW	53 Neutral	AU$28.88M	29.10	2.42%	2.03%	18.17%	―

BKI Investment Co. Ltd. Corporate Events

BKI Leans on Resources and Banks as Market Rotates to Value, Keeps Dividend Focus

BKI Investment Company reported that its diversified Australian equity portfolio delivered a 1.1% return in December 2025, slightly lagging the 1.4% rise in the S&P/ASX 300 Accumulation Index, while its share price was unchanged at $1.715. The portfolio benefited from an ongoing market rotation into resources and cyclical value sectors, with core overweight positions in materials and banking driving performance: BHP gained 8.8%, coal-linked Dalrymple Bay Infrastructure surged 11.7%, and New Hope rose 5.4%, while major bank holdings NAB and CBA advanced 5.4% and 5.2% respectively amid a supportive higher-for-longer interest rate environment. BKI highlighted the role of energy security and high-quality bulk commodities in underpinning long-term capital growth and income, and reaffirmed its focus on fully franked dividends, noting a 20-year track record, a 2025 full-year dividend of 7.90c per share (up 1% year-on-year), competitive fees with a 0.10% management charge, strong long-term total shareholder returns and solid balance-sheet metrics including no debt and net tangible assets above the current share price, factors that may reassure income-focused investors ahead of its upcoming first-half FY2026 results.

The most recent analyst rating on (AU:BKI) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on BKI Investment Co. Ltd. stock, see the AU:BKI Stock Forecast page.

BKI Investment Shares Trade Below Unaudited Pre-Tax NTA

BKI Investment Company Limited reported an unaudited pre-tax net tangible assets (NTA) per share of $1.95 as at 9 January 2026, compared with a closing share price of $1.725 on the same date. The update indicates that BKI’s shares are trading at a discount to their pre-tax NTA, a dynamic that may be closely watched by existing and prospective investors assessing value in the listed investment company’s diversified Australian equity portfolio.

The most recent analyst rating on (AU:BKI) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on BKI Investment Co. Ltd. stock, see the AU:BKI Stock Forecast page.

BKI Investment Company Shares Trade Below Indicative Pre-Tax NTA in Weekly Update

BKI Investment Company reported an unaudited pre-tax net tangible assets (NTA) per share of $1.96 as at 31 December 2025, compared with a closing share price of $1.715 on the same date. The update highlights that BKI’s shares are trading at a discount to their indicative pre-tax NTA, a dynamic that may be of interest to existing and prospective investors assessing the valuation of this long-standing Australian listed investment company.

The most recent analyst rating on (AU:BKI) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on BKI Investment Co. Ltd. stock, see the AU:BKI Stock Forecast page.

BKI Investment Company Shares Trade Below Pre-Tax NTA in Weekly Update

BKI Investment Company reported an unaudited, indicative pre-tax net tangible assets (NTA) per share of $1.96 as at 24 December 2025, against a closing share price of $1.715 on the same date. The update highlights a gap between the company’s underlying asset backing and its market valuation, signaling that the shares are trading at a discount to pre-tax NTA, a key metric closely watched by investors in listed investment companies when assessing value and potential returns.

BKI Investment Company Reports Weekly NTA, Shares Trade Below Asset Backing

BKI Investment Company has reported an unaudited pre-tax net tangible asset backing of $1.94 per share as at 19 December 2025, compared with a closing share price of $1.695 on the same date. The update offers investors an indicative view of the company’s asset backing relative to its market valuation, highlighting a discount to NTA that may be relevant for shareholders assessing the listed investment company’s appeal within the Australian equities market.

BKI Investment Company Releases Weekly NTA Update

BKI Investment Company Limited announced its weekly pre-tax net tangible assets per share as $1.96 as of December 12, 2025. The company’s share price closed at $1.705 on the same date. This update provides stakeholders with an indicative measure of the company’s asset value, although the figures are unaudited and meant for general informational purposes only.

BKI Investment Co. Ltd. Outperforms Market Amid Inflation Concerns

In November, BKI Investment Co. Ltd. outperformed the Australian S&P/ASX 300 Accumulation Index, with its portfolio declining by 2.2% compared to the index’s 2.6% drop. Inflation concerns dominated the market, with the Reserve Bank of Australia maintaining the cash rate, impacting cost-sensitive sectors while benefiting interest-rate-sensitive financial stocks. Key financial institutions like National Australia Bank and Macquarie Group reported strong results, while the healthcare and retail sectors also showed positive updates. BKI continues to offer fully franked dividends and maintains a competitive management fee structure.

BKI Investment Company Limited Weekly NTA Update

BKI Investment Company Limited announced its weekly pre-tax net tangible assets per share as $1.95, which is unaudited and indicative. The company’s share price closed at $1.705 as of December 5, 2025. This update provides stakeholders with insights into the company’s financial position, although the figures are not audited and should be considered as general information rather than specific investment advice.

BKI Investment Company Releases Weekly NTA Update

BKI Investment Company Limited announced its weekly pre-tax net tangible assets per share as $1.94, as of November 28, 2025. The company’s share price closed at $1.715 on the same date. This update provides insights into the company’s financial health and market positioning, although the figures are unaudited and indicative only.

BKI Investment Company Releases Weekly NTA and Share Price Update

BKI Investment Company Limited announced its weekly Pre-Tax Net Tangible Assets (NTA) per share as $1.92 as of November 21, 2025, which is unaudited and indicative. The company’s share price closed at $1.705 on the same date, reflecting its market performance. This update provides stakeholders with insights into the company’s financial standing and market valuation, although it is not intended as investment advice.

BKI Investment Company Reveals Weekly NTA Update

BKI Investment Company Limited announced its weekly Pre-Tax Net Tangible Assets (NTA) per share as $1.96 as of November 14, 2025, with a closing share price of $1.73. This update, while indicative and unaudited, reflects the company’s ongoing commitment to transparency in its financial reporting, potentially impacting investor confidence and market positioning.

BKI Investment Company Releases Weekly NTA Update

BKI Investment Company Limited announced its weekly Pre-Tax Net Tangible Assets (NTA) per share as $1.99 as of November 7, 2025, which is unaudited and indicative. The company’s share price closed at $1.74 on the same date. This update provides stakeholders with insights into the company’s financial position, reflecting its market valuation and potential investment appeal.

BKI Investment Co. Ltd. Outperforms Market with Strong Sector Gains

In October, BKI Investment Co. Ltd. outperformed the Australian S&P/ASX 300 Accumulation Index with a 1.0% return, benefiting from strong performances in the Materials and Energy sectors. Despite facing challenges in IT, Consumer Discretionary, and Healthcare sectors, BKI’s holdings in BHP Group and Woodside Group contributed significantly to its positive performance. The company continues to offer fully franked dividends and maintains a competitive management fee structure, reflecting its robust financial health and commitment to shareholder returns.

BKI Investment Company Releases Weekly NTA Update

BKI Investment Company Limited announced its weekly Pre-Tax Net Tangible Assets (NTA) per share as $1.99 as of October 24, 2025, with the share price closing at $1.76. This update reflects the company’s ongoing commitment to transparency and provides stakeholders with insights into its financial health, although the figures are unaudited and indicative. The announcement may impact investor perceptions and market positioning, as it highlights the company’s asset value relative to its share price.

BKI Investment Company Releases Weekly NTA Update

BKI Investment Company Limited announced its weekly Pre-Tax Net Tangible Assets per share as $1.97, as of October 17, 2025, which is unaudited and indicative. The company’s share price closed at $1.77 on the same date. This update provides insights into the company’s financial standing, potentially impacting investor perceptions and market positioning.