BSA Limited (BSA) AI Stock Analysis

• Market Cap: AU$9.41M
• Dividend Yield: N/A
• Average Volume (3M): 234.16K
• Price to Earnings (P/E): 2.5
• Beta (1Y): 2.45
• Revenue Growth: 12.34%
• EPS Growth: -66.13%
• Country: AU
• Employees: 234
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): -0.06
• Shares Outstanding: 75,300,260
• 10 Day Avg. Volume: 294,381
• 30 Day Avg. Volume: 234,164
• PEG Ratio: -0.02
• Price to Book (P/B): 0.83
• Price to Sales (P/S): 0.02
• P/FCF Ratio: 0.19
• 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): 0.35
• Revenue Forecast (FY): AU$473.90M

• Rating: 60 Neutral
• Price Target: AU$0.00 ▼(-100.00% Downside)

BSA Limited's stock score is primarily influenced by its strong valuation, indicating potential undervaluation. However, the financial performance shows mixed results with strong cash flow but challenges in profitability and leverage. The technical analysis suggests bearish momentum, which is a concern for short-term investors.

BSA Limited Business Overview & Revenue Model

Company Description

BSA Limited (BSA) is a leading provider of integrated technology solutions across various sectors including telecommunications, utilities, and infrastructure. The company specializes in delivering a range of services such as network deployment, asset management, and maintenance services, along with innovative technology solutions tailored to enhance operational efficiency for its clients. BSA is committed to driving digital transformation by leveraging advanced technologies in its service offerings, ensuring clients remain competitive in a rapidly evolving market.

How the Company Makes Money

BSA generates revenue primarily through its service contracts with clients in telecommunications and utilities, where it charges for network deployment, maintenance, and management services. The company also earns income from technology consulting and project management services, which are often billed on a contractual basis. Key revenue streams include long-term contracts with major telecommunications firms for infrastructure development and maintenance, as well as partnerships with technology providers to deliver integrated solutions. Additionally, BSA may benefit from government contracts related to public infrastructure projects, contributing further to its earnings.

BSA Limited Financial Statement Overview

Summary

BSA Limited has shown signs of recovery with improved revenue growth and operational efficiency. However, challenges remain with profitability margins and financial stability due to low equity levels. The strong cash flow position reflects effective cash management, but the company needs to address profitability and leverage for sustainable growth.

Income Statement

BSA Limited has shown a positive revenue growth rate of 1.55% in the latest year, indicating a recovery from previous declines. The gross profit margin has decreased significantly from 27.14% to 15.25%, suggesting increased cost pressures. However, the net profit margin remains low at 1.30%, reflecting challenges in converting revenue into profit. The EBIT and EBITDA margins have improved, indicating better operational efficiency.

Balance Sheet

The company's debt-to-equity ratio has improved to 0.23, showing reduced leverage compared to previous years. However, the return on equity is exceptionally high at 53.66%, driven by low equity levels, which could indicate financial instability. The equity ratio is low, suggesting a heavy reliance on debt financing.

Cash Flow

BSA Limited has demonstrated a significant improvement in free cash flow, with a growth rate of 676.77%. The operating cash flow to net income ratio is strong at 0.85, indicating good cash generation relative to net income. The free cash flow to net income ratio is nearly 1, showing efficient cash conversion.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	286.98M	286.98M	255.46M	239.67M	244.10M	418.35M
Gross Profit	43.77M	43.77M	69.34M	23.55M	5.80M	18.90M
EBITDA	30.95M	30.95M	22.21M	16.25M	-38.98M	12.75M
Net Income	3.73M	3.73M	10.63M	-2.96M	-42.24M	9.00K
Balance Sheet
Total Assets	46.60M	46.60M	59.28M	62.52M	127.63M	125.20M
Cash, Cash Equivalents and Short-Term Investments	23.97M	23.97M	1.57M	1.96M	13.44M	12.82M
Total Debt	1.57M	1.57M	10.78M	9.94M	22.30M	9.22M
Total Liabilities	39.65M	39.65M	57.67M	72.12M	134.72M	101.09M
Stockholders Equity	6.95M	6.95M	1.60M	-9.61M	-7.09M	24.11M
Cash Flow
Free Cash Flow	30.43M	30.43M	-1.60M	-20.02M	-16.06M	-11.32M
Operating Cash Flow	30.48M	30.48M	-1.05M	-17.93M	-13.77M	-7.58M
Investing Cash Flow	-404.00K	-404.00K	-1.46M	17.72M	-2.32M	-2.34M
Financing Cash Flow	-7.67M	-7.67M	2.12M	-11.27M	16.71M	-15.00M

BSA Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.14
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• 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 Positive. The current price of 0.14 is above the 20-day moving average (MA) of 0.13, above the 50-day MA of 0.13, and below the 200-day MA of 0.15, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 56.32 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:BSA.

BSA Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RDG	74 Outperform	―	―	―	―	66.22%	20.83%
VBC	66 Neutral	€33.60M	8.91	17.38%	0.67%	-8.28%	89.71%
EVZ	65 Neutral	AU$26.23M	21.08	3.66%	―	-9.21%	-42.37%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
BSA	60 Neutral	AU$9.41M	2.49	87.22%	―	12.34%	-66.13%
WSI	48 Neutral	AU$9.79M	-2.76	-11.81%	―	-36.40%	-192.91%
SOP	40 Underperform	AU$14.02M	-1.84	-90.66%	―	-6.10%	12.50%

BSA Limited Corporate Events

BSA Limited Announces 2025 AGM and Director Elections

BSA Limited has announced its Annual General Meeting (AGM) to be held on November 25, 2025, at their Chatswood, NSW location. The meeting will cover the financial reports for the year ending June 30, 2025, and include resolutions on the remuneration report and the election or re-election of directors, including Nicholas Yates, Warwick Sauer, Paul Heick, and Daniel Raihani. Shareholders are encouraged to submit proxies early, and voting will be conducted by a poll.

The most recent analyst rating on (AU:BSA) stock is a Buy with a A$1.85 price target. To see the full list of analyst forecasts on BSA Limited stock, see the AU:BSA Stock Forecast page.

BSA Limited Appoints New Director with Significant Shareholding

BSA Limited has announced the appointment of Daniel Raihani as a new director, effective from September 25, 2025. As part of the disclosure requirements, it was noted that Mr. Raihani holds a beneficial interest in 13,500,000 fully paid ordinary shares through 7 Enterprises Limited. This appointment and shareholding information is crucial for stakeholders as it may influence the company’s governance and strategic direction.

The most recent analyst rating on (AU:BSA) stock is a Buy with a A$1.85 price target. To see the full list of analyst forecasts on BSA Limited stock, see the AU:BSA Stock Forecast page.

Birketu Pty Ltd Ceases to be a Substantial Holder in BSA Limited

BSA Limited has announced that Birketu Pty Ltd has ceased to be a substantial holder in the company as of September 19, 2025. This change in substantial holding could impact BSA Limited’s shareholder structure and influence within the market, potentially affecting its strategic decisions and stakeholder relationships.

The most recent analyst rating on (AU:BSA) stock is a Buy with a A$1.85 price target. To see the full list of analyst forecasts on BSA Limited stock, see the AU:BSA Stock Forecast page.

BSA Limited Releases 2025 Corporate Governance Statement

BSA Limited has released its corporate governance statement for the financial year ending June 30, 2025, which is now available on their website. The statement details the company’s adherence to the ASX Corporate Governance Council’s principles and recommendations, highlighting their compliance with governance practices. This announcement underscores BSA Limited’s commitment to transparency and accountability in its corporate governance, which is crucial for maintaining investor confidence and ensuring effective management oversight.

The most recent analyst rating on (AU:BSA) stock is a Buy with a A$1.85 price target. To see the full list of analyst forecasts on BSA Limited stock, see the AU:BSA Stock Forecast page.

BSA Limited Reinforces Commitment to Corporate Governance in 2025 Statement

BSA Limited has released its Corporate Governance Statement for 2025, highlighting its compliance with the ASX Corporate Governance Principles and Recommendations. The company emphasizes the roles and responsibilities of its Board and management, aiming to optimize performance and shareholder value. It also underscores the importance of diversity and equal opportunity within its governance framework, reflecting a commitment to a diverse and representative leadership structure. This announcement reinforces BSA Limited’s dedication to maintaining high standards of corporate governance, which is crucial for its industry positioning and stakeholder trust.

The most recent analyst rating on (AU:BSA) stock is a Buy with a A$1.85 price target. To see the full list of analyst forecasts on BSA Limited stock, see the AU:BSA Stock Forecast page.

BSA Limited Reports Revenue Growth but Faces Profit Decline

BSA Limited reported a 12% increase in revenue from continuing operations, reaching $286.98 million for the year ended June 30, 2025. However, the company’s profit after income tax significantly decreased by 80% to $3.73 million, attributed to the absence of losses from discontinued operations and a challenging market environment. Despite the revenue growth, the decline in profitability and the lack of dividends could impact stakeholder confidence and the company’s market positioning.

The most recent analyst rating on (AU:BSA) stock is a Buy with a A$1.85 price target. To see the full list of analyst forecasts on BSA Limited stock, see the AU:BSA Stock Forecast page.

BSA Limited Faces Revenue Challenges Amid Contract Losses

BSA Limited has reported a significant increase in trading volume and share price following its quarterly activities report. Despite strong financial results for FY25, the company faces challenges due to the loss of key contracts, which previously made up 92% of its revenue. BSA is actively seeking alternative revenue sources and undergoing internal restructuring, incurring $8.3 million in restructuring costs. The company remains committed to updating the market on further developments.

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.