Bathurst Resources Ltd (AU:BRL)
ASX:BRL
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Bathurst Resources Ltd
(Sydney:BRL)
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Rating:50Neutral
Price Target:
AU$0.53
▼(-22.06% Downside)
Action:ReiteratedDate:12/31/25
The score is held back primarily by weak profitability trends and negative free cash flow dynamics, despite a comparatively solid balance sheet. Technicals are mixed (near-term strength but longer-term trend still soft), and valuation appears demanding with a 28.6 P/E and no dividend support.
Positive Factors
Balance sheet strength
A strong equity position and low leverage provide financial resilience through commodity cycles. This durability lowers interest burden, preserves borrowing capacity for capex or working capital, and gives management flexibility to fund operations or opportunistic investments over the next 2-6 months.
Negative Factors
Material revenue decline
A steep revenue drop of ~28% materially reduces scale and weakens fixed-cost absorption, eroding margins and profitability. Over several months this limits reinvestment, weakens bargaining power with suppliers/customers and increases sensitivity to further commodity price or demand shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
A strong equity position and low leverage provide financial resilience through commodity cycles. This durability lowers interest burden, preserves borrowing capacity for capex or working capital, and gives management flexibility to fund operations or opportunistic investments over the next 2-6 months.
Read all positive factors
Bathurst Resources Ltd (BRL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$127.23M
Dividend YieldN/A
Average Volume (3M)12.12K
Price to Earnings (P/E)―
Beta (1Y)0.45
Revenue Growth-5.47%
EPS Growth-86.96%
CountryAU
Employees80
SectorBasic Materials
Sector Strength58
IndustryCoal
Share Statistics
EPS (TTM)-0.01
Shares Outstanding240,052,980
10 Day Avg. Volume11,038
30 Day Avg. Volume12,124
Financial Highlights & Ratios
PEG Ratio-0.43
Price to Book (P/B)0.48
Price to Sales (P/S)4.15
P/FCF Ratio-37.94
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.92Price Target Upside35.29% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.02
Revenue Forecast (FY)AU$26.00M
Bathurst Resources Ltd Business Overview & Revenue Model
Company Description
Bathurst Resources Ltd (BRL) is a New Zealand-based coal mining and exploration company focused on the development and production of high-quality thermal coal. The company primarily operates in the South Island of New Zealand, where it is engaged ...
How the Company Makes Money
BRL makes money primarily by selling coal it produces from its mining operations. Revenue is generated when the company mines coal, processes it to meet customer specifications, and sells it under supply arrangements to end users and/or intermedia...
Bathurst Resources Ltd Earnings Call Summary
Earnings Call Date:Aug 25, 2024
(Q4-2024)
| Next Earnings Date:Sep 01, 2026
Earnings Call Sentiment Neutral
The earnings call revealed a mix of strong financial stability and future growth potential, overshadowed by recent operational challenges and a reduction in EBITDA. While the company maintains a healthy cash position and has future projects lined up, the significant setbacks in export operations and unmet financial guidance highlight areas of concern.Positive Updates
Strong Cash Position
BRL.AX maintains a strong cash position with $141 million in cash and no real debt, which ensures financial stability and potential for future investments.
Negative Updates
Reduction in EBITDA and Export Pricing
Significant reduction in EBITDA for the full year due to reduced export pricing and tonnage, with a 5% decrease from the previous year.
Read all updates
Q4-2024 Updates
Positive
Negative
Strong Cash Position
BRL.AX maintains a strong cash position with $141 million in cash and no real debt, which ensures financial stability and potential for future investments.
Read all positive updates
Company Guidance
In the Q4 2024 earnings call for BRL.AX, Richard Tacon outlined the company's performance and future guidance, emphasizing various financial and operational metrics. The company reported an EBITDA of $90.5 million for the full year, a decline of approximately 5% from the previous year, primarily due to reduced export pricing and operational disruptions, including a tunnel incident at Reefton. Despite these challenges, the company maintains a strong financial position with $141 million in cash and no significant debt. Looking ahead, BRL.AX anticipates an EBITDA range of $55 million to $65 million for FY '25, factoring in continued challenges with the Reefton tunnel and export pricing. Operationally, the company is focusing on expanding its New Zealand mines and exploring growth opportunities in British Columbia, Canada, while maintaining its commitment to environmental and community responsibilities, particularly with First Nations groups.Bathurst Resources Ltd Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
65
Positive
Cash Flow
40
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 28.47M | 38.52M | 39.69M | 40.20M | 35.81M | 44.90M |
| Gross Profit | 4.28M | 7.19M | 9.21M | 5.50M | 4.76M | 9.35M |
| EBITDA | -2.23M | 2.29M | 37.45M | -340.05K | -4.08M | 9.45M |
| Net Income | -6.55M | 4.12M | 35.28M | 83.14M | 27.51M | 62.09M |
Balance Sheet | ||||||
| Total Assets | 329.09M | 353.20M | 315.34M | 274.74M | 189.58M | 148.78M |
| Cash, Cash Equivalents and Short-Term Investments | 25.48M | 33.08M | 7.10M | 11.77M | 4.30M | 4.09M |
| Total Debt | 1.14M | 1.35M | 1.76M | 1.18M | 692.64K | 12.19M |
| Total Liabilities | 22.50M | 22.78M | 23.69M | 14.82M | 15.22M | 28.95M |
| Stockholders Equity | 306.60M | 330.42M | 291.64M | 259.84M | 174.88M | 119.84M |
Cash Flow | ||||||
| Free Cash Flow | -5.19M | -4.21M | -8.97M | 8.57M | 4.53M | 4.41M |
| Operating Cash Flow | 3.79M | 4.75M | 4.00M | 12.37M | 7.26M | 8.88M |
| Investing Cash Flow | -14.20M | -10.44M | -15.02M | 6.52M | 4.43M | -5.51M |
| Financing Cash Flow | 31.95M | 31.56M | 594.83K | 387.98K | -2.31M | -3.41M |
Bathurst Resources Ltd Technical Analysis
Negative
0.68
Price Trends
0.63
Negative
0.64
Negative
0.70
Negative
Market Momentum
-0.03
Positive
34.17
Neutral
12.50
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BRL, the sentiment is Negative. The current price of 0.68 is above the 20-day moving average (MA) of 0.58, above the 50-day MA of 0.63, and below the 200-day MA of 0.70, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 34.17 is Neutral, neither overbought nor oversold. The STOCH value of 12.50 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:BRL.
Bathurst Resources Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | AU$4.77B | 17.50 | 5.87% | 8.48% | -1.53% | -7.57% | |
72 Outperform | AU$11.04B | 14.86 | 4.93% | 11.73% | -8.45% | -24.30% | |
67 Neutral | AU$2.52B | -28.57 | -3.46% | 7.32% | -18.98% | -99.05% | |
66 Neutral | AU$7.56B | 23.23 | 11.25% | 1.92% | 52.51% | 82.60% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
50 Neutral | AU$127.23M | -13.68 | -2.06% | ― | -5.47% | -86.96% | |
44 Neutral | AU$536.47M | -0.80 | -52.66% | 4.79% | -23.91% | -352.91% |
* Basic Materials Sector Average
AU:BRL
Bathurst Resources Ltd
0.53
-0.21
-28.38%
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New Hope Corporation Limited
5.66
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Yancoal Australia
8.36
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69.88%
AU:SMR
Stanmore Resources Ltd
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AU:CRN
Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh
0.32
-0.01
-3.03%
Bathurst Resources Ltd Corporate Events
S&P Dow Jones Revises March 2026 All Ordinaries Rebalance, Confirms New Additions
Mar 10, 2026
SP Dow Jones Indices has updated the March 2026 quarterly rebalance for the SP/ASX All Ordinaries, reversing earlier plans to add African Gold Limited and remove American Rare Earths Limited from the index. The revised lineup instead confirms a sl...
Bathurst Resources outlines scope and limits of H1 FY26 investor update
Feb 27, 2026
Bathurst Resources has issued a general information update for the first half of FY26, emphasising that the material provided is a high-level summary for informational purposes rather than a comprehensive disclosure. The company stresses that the ...
Bathurst Resources Releases Interim Half-Year Financial Report
Feb 27, 2026
Bathurst Resources Limited has released its interim financial report for the six months ended 31 December 2025, prepared in accordance with ASX requirements. The document outlines the company’s financial performance, balance sheet position, ...
Bathurst holds guidance as coal prices rebound despite profit dip
Feb 27, 2026
Bathurst Resources reported consolidated first-half FY26 EBITDA of NZ$16.2 million, ahead of forecasts but down from NZ$27.5 million a year earlier, and a loss after tax of NZ$3.4 million, despite a strong consolidated cash balance of NZ$155.6 mil...
Bathurst Resources Sets Date for H1 FY26 Results and Investor Webcast
Feb 23, 2026
Bathurst Resources has scheduled the release of its half-year FY26 financial results for Friday, 27 February 2026, and will accompany the announcement with a webcast briefing. The online session, set for 1:00 p.m. NZT / 11:00 a.m. AEDT, will provi...
Bathurst Resources Director Converts Service Rights and Restructures Indirect Shareholdings
Feb 11, 2026
Bathurst Resources director Pier (Peter) Westerhuis has adjusted his indirect holdings following the conversion of service rights into ordinary fully paid shares at no cash cost. The transaction saw 77,905 service rights under the Bathurst Resourc...
Bathurst Resources Seeks ASX Quotation for Additional Shares
Feb 10, 2026
Bathurst Resources Limited has applied to the ASX for quotation of 77,905 additional ordinary fully paid shares, with an issue date of 10 February 2026. The modest increase in quoted securities reflects the company’s ongoing capital manageme...
Bathurst Holds Guidance as Coal Prices Rebound and Growth Projects Advance
Jan 30, 2026
Bathurst Resources reported first-half FY26 consolidated EBITDA of $16m and maintained full-year guidance at $35m–$45m, supported by a strong consolidated cash position of $156m. Earnings were down $11m year-on-year as higher export sales vo...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.