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Bhagwan Marine Ltd.
(Sydney:BWN)
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Rating:63Neutral
Price Target:
AU$0.30
â–¼(-25.50% Downside)
Action:Reiterated
Date:05/14/26
The score is driven primarily by solid financial performance (profitability, growth, and improved leverage), tempered by cash flow weakness (negative free cash flow). Technicals are a major headwind given the clear downtrend and weak momentum, while valuation and dividend yield provide partial support.
Positive Factors
High gross profit margin
A 93.54% gross margin indicates the core operations capture substantial revenue over direct costs. This durable margin buffer supports pricing flexibility and long-term gross profitability, helping absorb fuel or charter cost swings common in marine shipping and sustain reinvestment capacity.
Negative Factors
Negative free cash flow
Negative free cash flow versus earnings is a structural concern: it limits ability to fund capex, pay dividends, or reduce debt from operating profits. Over months this can force external financing or asset sales and constrain capital allocation decisions critical in shipping.
Read all positive and negative factors
Positive Factors
Negative Factors
High gross profit margin
A 93.54% gross margin indicates the core operations capture substantial revenue over direct costs. This durable margin buffer supports pricing flexibility and long-term gross profitability, helping absorb fuel or charter cost swings common in marine shipping and sustain reinvestment capacity.
Read all positive factors
Bhagwan Marine Ltd. (BWN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$123.12M
Dividend Yield1.06%
Average Volume (3M)772.87K
Price to Earnings (P/E)9.6
Beta (1Y)1.48
Revenue Growth-21.62%
EPS Growth-33.88%
CountryAU
Employees1,000
SectorGeneral
Sector StrengthN/A
IndustryMarine Shipping
Share Statistics
EPS (TTM)0.03
Shares Outstanding397,151,460
10 Day Avg. Volume639,451
30 Day Avg. Volume772,872
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)0.83
Price to Sales (P/S)0.49
P/FCF Ratio-54.67
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.60Price Target Upside50.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.04
Revenue Forecast (FY)AU$307.57M
Bhagwan Marine Ltd. Business Overview & Revenue Model
Company Description
An Australian company founded in 1985 and headquartered in Perth, Bhagwan Marine Limited is a leading operator of marine vessels. With a substantial fleet of approximately 95 ships, the company delivers essential maritime services to a wide array ...
How the Company Makes Money
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Bhagwan Marine Ltd. Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Jun 2024 | Jun 2024 |
|---|---|---|---|
Income Statement | |||
| Total Revenue | 304.18M | 283.04M | 269.84M |
| Gross Profit | 38.85M | 264.76M | 247.03M |
| EBITDA | 56.81M | 50.58M | 32.50M |
| Net Income | 8.06M | 12.49M | 5.55M |
Balance Sheet | |||
| Total Assets | 281.84M | 281.79M | 254.15M |
| Cash, Cash Equivalents and Short-Term Investments | 17.29M | 16.19M | 1.35M |
| Total Debt | 95.54M | 66.10M | 93.75M |
| Total Liabilities | 112.03M | 113.98M | 176.08M |
| Stockholders Equity | 169.82M | 167.81M | 78.08M |
Cash Flow | |||
| Free Cash Flow | 13.40M | -2.54M | 15.39M |
| Operating Cash Flow | 52.89M | 35.82M | 29.04M |
| Investing Cash Flow | -39.58M | -37.46M | -12.06M |
| Financing Cash Flow | 4.42M | 16.48M | -15.66M |
Bhagwan Marine Ltd. Technical Analysis
Negative
0.40
Price Trends
0.30
Positive
0.35
Negative
0.42
Negative
Market Momentum
<0.01
Negative
53.54
Neutral
40.96
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BWN, the sentiment is Negative. The current price of 0.4 is above the 20-day moving average (MA) of 0.30, above the 50-day MA of 0.30, and below the 200-day MA of 0.42, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 53.54 is Neutral, neither overbought nor oversold. The STOCH value of 40.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:BWN.
Bhagwan Marine Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
AU:BWN
Bhagwan Marine Ltd.
0.28
-0.23
-44.88%
AU:SST
Steamships Trading Co. Ltd.
9.53
-4.97
-34.25%
AU:CVL
Civmec Singapore Limited Shs Chess Deposit Interests Repr 1 Sh
1.71
0.62
56.45%
Bhagwan Marine Ltd. Corporate Events
Bhagwan Marine Director Loui Kannikoski Increases Indirect Shareholding
Jun 4, 2026
Bhagwan Marine has disclosed a change in director Loui Kannikoski’s relevant interests in its securities, following an on-market acquisition of 352,000 fully paid ordinary shares for $99,644 on 4 June 2026. The transaction increases Kannikos...
Bhagwan Marine lifts outlook as Riverside acquisition boosts recurring earnings
May 11, 2026
Bhagwan Marine has updated its FY26 earnings outlook, forecasting standalone EBITDA between $38.5 million and $40.5 million, as project awards in the Middle East and energy sector restructuring cause timing-related delays but do not alter strong u...
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.