Barnwell (BRN) AI Stock Analysis

• Market Cap: $14.48M
• Dividend Yield: N/A
• Average Volume (3M): 10.96K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.12
• Revenue Growth: -18.26%
• EPS Growth: -149.71%
• Country: US
• Employees: 27
• Sector: Energy
• Sector Strength: 50
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): -0.68
• Shares Outstanding: 10,053,534
• 10 Day Avg. Volume: 8,206
• 30 Day Avg. Volume: 10,956
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.84
• Price to Cash Flow (P/CF): -5.60
• P/FCF Ratio: 0.00
• 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

Barnwell's overall stock score is low due to significant financial challenges and technical indicators pointing to a bearish trend. The negative P/E ratio and absence of dividends add to valuation concerns, indicating potential risk for investors.

Barnwell Business Overview & Revenue Model

Company Description

Barnwell Industries, Inc. (BRN) is a publicly traded company engaged primarily in two sectors: oil and gas exploration and development, and real estate. The company operates within the United States and Canada, focusing on acquiring, developing, and producing oil and natural gas properties. Additionally, Barnwell has interests in land investment and real estate development, particularly in Hawaii, where it is involved in the sale and management of residential properties.

How the Company Makes Money

Barnwell Industries generates revenue through its operations in the oil and gas sector by producing and selling crude oil, natural gas, and natural gas liquids. Revenue is earned from the sales of these resources, which are extracted from Barnwell's various properties. In the real estate sector, Barnwell earns money through the development and sale of residential lots and properties, primarily in Hawaii. Additionally, the company may receive income from joint venture investments and the leasing of its real estate holdings. These diverse revenue streams are supported by strategic acquisitions and partnerships that enhance Barnwell's ability to explore and develop its resources effectively.

Barnwell Financial Statement Overview

Summary

Barnwell is facing financial challenges with declining revenues and significant net losses impacting profitability. While the balance sheet shows low leverage and a stable equity base, the company's ability to generate consistent free cash flow is a concern.

Income Statement

Barnwell's income statement reveals a challenging environment with declining revenues and profitability. The TTM data shows a gross profit margin of 7.31%, which is relatively low, and a net profit margin of -45.25%, indicating significant losses. The revenue has been decreasing over the recent periods, with a noticeable decline from $28.5 million in 2022 to $15.1 million in the latest TTM. EBIT and EBITDA margins are also negative, reflecting operational difficulties.

Balance Sheet

Barnwell's balance sheet shows a moderate financial position with a debt-to-equity ratio of 0.01, indicating low leverage, which is a positive aspect. The equity ratio stands at 43.38%, suggesting a stable asset base supported by equity. However, the declining stockholders' equity and total assets over recent periods suggest potential concerns regarding asset management and shareholder value.

Cash Flow

The company's cash flow statement indicates some positive aspects, such as a positive operating cash flow of $2.58 million in TTM, but free cash flow is minimal at $0.068 million. The free cash flow to net income ratio is positive, reflecting operational cash generation despite net losses. However, the free cash flow growth is inconsistent, which could impact future capital investments.

Breakdown
TTM	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement		Total Revenue
19.55M	21.72M	25.27M	28.55M	18.11M	18.35M
	Gross Profit
1.44M	2.29M	4.71M	11.74M	5.04M	3.84M
	EBIT
-3.62M	-5.35M	-2.25M	7.09M	3.74M	-1.63M
	EBITDA
-1.69M	-10.00K	4.40M	10.06M	9.09M	-1.96M
	Net Income Common Stockholders
-6.82M	-5.57M	-961.00K	5.51M	6.25M	-4.68M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
12.65M	4.50M	2.83M	12.80M	11.28M	4.58M
	Total Assets
93.32M	30.67M	35.42M	37.22M	24.43M	15.18M
	Total Debt
29.00M	7.00K	47.00K	161.00K	227.00K	312.00K
	Net Debt
16.35M	-4.50M	-2.78M	-12.64M	-11.05M	-4.27M
	Total Liabilities
54.56M	17.61M	16.66M	18.05M	14.93M	17.14M
	Stockholders Equity
37.98M	13.04M	18.74M	19.14M	9.50M	-2.04M
Cash Flow		Free Cash Flow
68.00K	4.71M	-9.69M	-2.93M	-1.10M	-2.38M
	Operating Cash Flow
2.58M	4.71M	1.94M	7.29M	831.00K	750.00K
	Investing Cash Flow
-3.48M	-2.83M	-11.18M	-7.11M	3.69M	-833.00K
	Financing Cash Flow
-222.00K	-226.00K	-786.00K	1.56M	2.19M	60.00K

Barnwell Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.35
• 50DMA: Negative
• 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 BRN, the sentiment is Negative. The current price of 1.35 is below the 20-day moving average (MA) of 1.50, below the 50-day MA of 1.58, and below the 200-day MA of 1.89, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 39.28 is Neutral, neither overbought nor oversold. The STOCH value of 55.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BRN.

Barnwell Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MXC	63 Neutral	$13.74M	10.58	7.57%	―	2.12%	-30.63%
Sector *	55 Neutral	$7.12B	3.48	-6.22%	6.00%	<0.01%	-51.93%
BRN	43 Neutral	$14.48M	―	-46.32%	―	-18.26%	-149.71%
BATL	42 Neutral	$21.39M	―	-88.39%	―	-11.57%	-424.12%