BSA Limited (BSA) AI Stock Analysis

• Market Cap: AU$5.87M
• Dividend Yield: N/A
• Average Volume (3M): 151.63K
• Price to Earnings (P/E): 0.3
• Beta (1Y): 2.05
• Revenue Growth: 18.55%
• EPS Growth: 90.06%
• Country: AU
• Employees: 234
• Sector: Industrials
• Sector Strength: 86
• Industry: Engineering & Construction
• EPS (TTM): 0.09
• Shares Outstanding: 75,300,260
• 10 Day Avg. Volume: 219,692
• 30 Day Avg. Volume: 151,632
• PEG Ratio: 0.15
• Price to Book (P/B): -4.47
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.14
• 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: AU$1.85
• Price Target Upside: 2212.50% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 61 Neutral
• Price Target: AU$0.00 ▼(-100.00%Downside)

BSA Limited's stock score is primarily influenced by its substantial valuation discount, offset by financial performance risks. The technical indicators suggest some positive momentum, but financial instability and cash flow challenges remain significant concerns.

BSA Limited Business Overview & Revenue Model

Company Description

BSA Limited (BSA) is an Australian company operating in the telecommunications and infrastructure sectors. The company specializes in providing a range of services, including telecommunications network deployment, maintenance, and management, as well as infrastructure solutions for energy and utilities. BSA's core services are centered around delivering essential technical services that support the construction and maintenance of critical infrastructure in these sectors.

How the Company Makes Money

BSA Limited generates revenue through a diversified portfolio of services primarily within the telecommunications and infrastructure sectors. The company's revenue model includes contracts for deploying, maintaining, and managing telecommunications networks, which involve installing and servicing network equipment and infrastructure for major telecommunications providers. Additionally, BSA derives income from providing infrastructure services to the energy and utilities sectors, including the installation and maintenance of systems for electricity and gas distribution. Key revenue streams include long-term service agreements with telecommunications carriers, utilities, and government entities, often leveraging significant partnerships and collaborations with industry leaders to enhance service delivery and expand market reach.

BSA Limited Financial Statement Overview

Summary

BSA Limited shows some improvement in profitability with better revenue and profit margins. However, financial instability is evident with a concerning debt-to-equity ratio, high liabilities, and weak cash flow generation. The challenges in generating positive operating cash flow and the reliance on debt financing pose significant risks.

Income Statement

BSA Limited shows a mixed performance in its income statement. The gross profit margin improved significantly from previous years, indicating better cost management. However, net profit margins have been volatile, and while there was a positive net income in the latest report, the company has experienced losses in prior periods. Revenue growth rate was positive this year, reversing the declining trend seen previously. The EBIT and EBITDA margins have improved, but they remain moderate.

Balance Sheet

The balance sheet reveals financial instability with low stockholders' equity and high liabilities. The debt-to-equity ratio is concerning due to the low equity base, indicating potential financial risk. Additionally, the equity ratio is quite low, suggesting heavy reliance on debt financing. Return on equity shows a positive turnaround this year but follows a period of negative returns, highlighting volatility in performance.

Cash Flow

Cash flow analysis indicates challenges in generating positive operating cash flow in recent periods. The free cash flow is negative, and although there is a slight improvement in free cash flow growth, it remains concerning. The operating cash flow to net income ratio is negative, emphasizing difficulties in converting earnings to cash. The free cash flow to net income ratio is also negative, suggesting cash flow issues.

Breakdown	TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	282.61M	255.46M	239.67M	466.14M	418.35M	486.11M
Gross Profit	41.23M	69.34M	61.38M	85.23M	97.43M	56.97M
EBITDA	26.43M	22.21M	16.25M	-42.98M	12.75M	22.99M
Net Income	16.44M	10.63M	-2.96M	-42.24M	9.00K	-960.00K
Balance Sheet
Total Assets	51.47M	59.28M	62.52M	127.63M	125.20M	147.45M
Cash, Cash Equivalents and Short-Term Investments	2.21M	1.57M	1.96M	13.44M	12.82M	37.74M
Total Debt	2.10M	10.78M	9.94M	22.30M	9.22M	16.47M
Total Liabilities	40.54M	57.67M	72.12M	134.72M	101.09M	115.16M
Stockholders Equity	10.92M	1.60M	-9.61M	-7.09M	24.11M	32.29M
Cash Flow
Free Cash Flow	3.92M	-1.60M	-20.02M	-16.06M	-11.32M	20.92M
Operating Cash Flow	4.31M	-1.05M	-17.93M	-13.77M	-7.58M	31.29M
Investing Cash Flow	-392.00K	-1.46M	17.72M	-2.32M	-2.34M	-10.20M
Financing Cash Flow	-4.05M	2.12M	-11.27M	16.71M	-15.00M	-5.29M

BSA Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.08
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BSA, the sentiment is Neutral. The current price of 0.08 is above the 20-day moving average (MA) of 0.08, above the 50-day MA of 0.07, and below the 200-day MA of 0.56, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 57.43 is Neutral, neither overbought nor oversold. The STOCH value of 31.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:BSA.

BSA Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EVZ	70 Outperform	AU$18.21M	12.50	4.42%	―	-6.63%	-26.38%
VBC	65 Neutral	AU$18.99M	6.91	14.71%	―	-17.71%	―
RDG	65 Neutral	AU$23.61M	1.72	13.01%	―	66.22%	20.83%
BSA	61 Neutral	AU$5.87M	0.35	1050.70%	―	18.55%	90.06%
Sector *	59 Neutral	AU$1.64B	9.44	11.52%	3.68%	6.78%	6.51%
SOP	52 Neutral	AU$16.10M	―	-100.21%	―	9.01%	-4.27%
WSI	50 Neutral	AU$8.24M	3.21	-3.31%	―	-30.52%	-192.05%

BSA Limited Corporate Events

BSA Limited Appoints New Chief Financial Officer

BSA Limited has announced the appointment of Nanda Herling as its new Chief Financial Officer and Company Secretary, effective July 1, 2025. Nanda brings over 15 years of experience in financial management, having worked with ASX-listed entities, SMEs, and multinationals, and has been with BSA for over four years. Her appointment is expected to enhance BSA’s financial operations and strengthen its position in the telecommunications, smart energy, and EV sectors.

The most recent analyst rating on (AU:BSA) stock is a Buy with a A$1.40 price target. To see the full list of analyst forecasts on BSA Limited stock, see the AU:BSA Stock Forecast page.

BSA Limited CFO Resigns, Transition Plan in Place

BSA Limited has announced the resignation of its Chief Financial Officer, Arjan van Ameyde, who is leaving to pursue a new opportunity. The company is in the process of appointing a new CFO and expects to make an announcement soon. This transition is expected to be smooth, as Arjan will remain with the company during the handover period. The announcement reflects the company’s ongoing efforts to maintain stability and continuity in its leadership team, which is crucial for its operations and relationships within the telecommunications and smart energy sectors.

The most recent analyst rating on (AU:BSA) stock is a Buy with a A$1.62 price target. To see the full list of analyst forecasts on BSA Limited stock, see the AU:BSA Stock Forecast page.

BSA Limited Announces Departure of Director Brendan York

BSA Limited has announced that Brendan York has ceased to be a director of the company as of June 11, 2025. This final director’s interest notice indicates that York held no relevant interests in securities, either as a registered holder or otherwise, at the time of his departure. The announcement is part of the company’s compliance with ASX listing rules and the Corporations Act, ensuring transparency and proper disclosure of changes in directorship, which may impact stakeholders’ perception of the company’s governance.

The most recent analyst rating on (AU:BSA) stock is a Buy with a A$1.40 price target. To see the full list of analyst forecasts on BSA Limited stock, see the AU:BSA Stock Forecast page.

BSA Limited Announces Leadership Transition and Business Restructure

BSA Limited has announced a leadership transition with Joint CEOs Richard Bartley and Arno Becker stepping down, and Sasho Kacevski appointed as the new CEO, effective June 2, 2025. This change is part of a major restructuring effort following the company’s unsuccessful bid for the new NBN Co Field Module tender, aiming to align with a reduced operating footprint and cost base. Additionally, Arjan van Ameyde has been appointed as the new CFO and Company Secretary. BSA has also revised its financing facilities with the Commonwealth Bank of Australia, reducing its base borrowing and guarantee facilities to better align with its current working capital needs.

The most recent analyst rating on (AU:BSA) stock is a Buy with a A$1.40 price target. To see the full list of analyst forecasts on BSA Limited stock, see the AU:BSA Stock Forecast page.

BSA Limited Appoints Paul Heick as Non-Executive Director

BSA Limited has announced the appointment of Paul Heick as an additional Non-Executive Director. With over 25 years of experience in financial leadership across infrastructure, engineering, and telecommunications sectors, Paul is expected to contribute significantly to BSA’s strategic business growth and operational transformation. This appointment is likely to strengthen BSA’s industry positioning and enhance its operational capabilities, benefiting stakeholders and supporting the company’s growth objectives.

The most recent analyst rating on (AU:BSA) stock is a Buy with a A$1.40 price target. To see the full list of analyst forecasts on BSA Limited stock, see the AU:BSA Stock Forecast page.

BSA Limited Announces Director Departure

BSA Limited has announced the cessation of Christopher Halios-Lewis as a director, effective April 24, 2025. The company has reported that Halios-Lewis holds no relevant interests in securities as either a registered or non-registered holder, and has no interests in contracts, indicating a clean departure from the company’s board.

BSA Limited Reports Strong Q3 Performance Amid Contract Challenges

BSA Limited reported a strong financial performance for Q3 FY2025, with a revenue increase of 12.3% and an EBITDA rise of 26.6% compared to the previous year. Despite these gains, the company faces challenges as it was unsuccessful in securing a new NBN Co Field Module contract and anticipates a significant reduction in smart metering contract volumes, impacting future revenues. The company plans to incur restructuring costs to adapt to these changes, focusing on operational efficiencies and strategic business realignment.

BSA Limited Appoints New Director Warwick Sauer

BSA Limited has announced the appointment of Warwick Sauer as a new director, effective from April 17, 2025. As part of the announcement, it was disclosed that Mr. Sauer holds 466 ordinary shares in the company. This appointment is part of BSA Limited’s ongoing efforts to strengthen its leadership team, which could influence its strategic direction and potentially impact its market position.

BSA Limited Strengthens Board with New Non-Executive Director Appointment

BSA Limited has announced the appointment of Warwick Sauer as an additional Non-Executive Director. With over 25 years of experience as a corporate lawyer, including significant roles such as general counsel for JLL’s APAC business, Sauer brings valuable expertise to BSA. This strategic appointment is expected to enhance BSA’s governance and potentially strengthen its position in the telecommunications and smart energy sectors.

BSA Limited Announces Quotation of New Securities on ASX

BSA Limited has announced the application for quotation of 187 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of April 7, 2025. This move involves the issuance, transfer, or reclassification of securities resulting from options being exercised or other convertible securities being converted, potentially impacting the company’s market presence and shareholder value.