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Updated 1m ago
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BCI Minerals LimitedASX:BCI Stock Report

Market Cap AU$1.7b
Updated 1m ago
Share Price
n/a
1Y57.1%
7D-1.8%
1D-3.5%
Portfolio Value
​
View

BCI Minerals Limited

ASX:BCI Stock Report

Market Cap: AU$1.7b

  • Company Overview
  • Valuation
  • Future Growth
  • Past Performance
  • Financial Health
  • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

BCI Minerals (BCI) Stock Overview

A mineral resources company, engages in the development of industrial minerals in Australia. More details

BCI fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance2/6
Financial Health1/6
Dividends0/6

Rewards

Trading at 78.9% below our estimate of its fair value

Earnings are forecast to grow 47.33% per year

Became profitable this year

Risk Analysis

Debt is not well covered by operating cash flow

High level of non-cash earnings

Does not have meaningful revenue (A$6M)


BCI Community Fair Values

Create Narrative

See what 8 others think this stock is worth. Follow their fair value or set your own to get alerts.

Analyst Price Targets

AN
AnalystConsensusTarget
12.0% undervalued intrinsic discount
AnalystConsensusTarget
•2mo ago

Salt And Fertilizer Demand Will Drive Long Term Value From Mardie Development

165
0
6
AN
AnalystLowTarget
Fairly Valued intrinsic discount
AnalystLowTarget
•22d ago

Weather And Debt Risks Will Test Ramp Up Before Long-Term Port Upside Emerges

19
0
0
AN
AnalystHighTarget
26.7% undervalued intrinsic discount
AnalystHighTarget
•2mo ago

Salt And Port Capacity Will Support A Strong Long Term Upside Narrative

24
0
0

Top Analyst Narratives

AN
AnalystConsensusTarget
12.0% undervalued intrinsic discount
AnalystConsensusTarget
•2mo ago

Salt And Fertilizer Demand Will Drive Long Term Value From Mardie Development

165
0
6
AN
AnalystLowTarget
Fairly Valued intrinsic discount
AnalystLowTarget
•22d ago

Weather And Debt Risks Will Test Ramp Up Before Long-Term Port Upside Emerges

19
0
0
AN
AnalystHighTarget
26.7% undervalued intrinsic discount
AnalystHighTarget
•2mo ago

Salt And Port Capacity Will Support A Strong Long Term Upside Narrative

24
0
0
View all narratives

BCI Minerals Limited Competitors

Develop Global

Symbol: ASX:DVP
Market cap: AU$1.6b

Elevra Lithium

Symbol: ASX:ELV
Market cap: AU$1.4b

Metals X

Symbol: ASX:MLX
Market cap: AU$1.6b

Macmahon Holdings

Symbol: ASX:MAH
Market cap: AU$2.0b

Price History & Performance

Summary of share price highs, lows and changes for BCI Minerals
Historical stock prices
Current Share PriceAU$0.55
52 Week HighAU$0.61
52 Week LowAU$0.33
Beta0.81
1 Month Change17.02%
3 Month Change61.76%
1 Year Change57.14%
3 Year Change96.43%
5 Year Change37.50%
Change since IPO2.80%

Recent News & Updates

User avatar
Narrative Update • Aug 20

BCI: Higher Fair Value Will Highlight Improved Margin And Earnings Outlook

Analysts have lifted their fair value estimate for BCI Minerals from A$0.50 to A$0.55, reflecting updated assumptions on discount rate, revenue growth, profit margins, and a lower future P/E multiple in their models. What’s in the News for BCI Minerals No recent company specific news for BCI Minerals could be identified from the provided sources as of 19 August 2026.
User avatar
New Narrative • Jul 03

Weather And Debt Risks Will Test Ramp Up Before Long-Term Port Upside Emerges

Catalysts About BCI Minerals BCI Minerals is developing the Mardie operation in Western Australia to produce industrial salt and Sulphate of Potash, supported by an integrated export port at Cape Preston West. What are the underlying business or industry changes driving this perspective?

Recent updates

User avatar
Narrative Update • Aug 20

BCI: Higher Fair Value Will Highlight Improved Margin And Earnings Outlook

Analysts have lifted their fair value estimate for BCI Minerals from A$0.50 to A$0.55, reflecting updated assumptions on discount rate, revenue growth, profit margins, and a lower future P/E multiple in their models. What’s in the News for BCI Minerals No recent company specific news for BCI Minerals could be identified from the provided sources as of 19 August 2026.
User avatar
New Narrative • Jul 03

Weather And Debt Risks Will Test Ramp Up Before Long-Term Port Upside Emerges

Catalysts About BCI Minerals BCI Minerals is developing the Mardie operation in Western Australia to produce industrial salt and Sulphate of Potash, supported by an integrated export port at Cape Preston West. What are the underlying business or industry changes driving this perspective?
User avatar
Narrative Update • Jun 26

BCI: Higher Revenue Outlook Will Support A Stronger Future Earnings Multiple

Analysts have lifted their fair value estimate for BCI Minerals from A$0.50 to A$0.63 per share, citing updated assumptions for revenue growth, profit margins, discount rate and future P/E. What’s in the News for BCI Minerals No recent company specific news items for BCI Minerals were provided in the supplied sources.
User avatar
New Narrative • Jun 19

Salt And Port Capacity Will Support A Strong Long Term Upside Narrative

Catalysts About BCI Minerals BCI Minerals is developing the Mardie salt and Sulphate of Potash operation in Western Australia, supported by an integrated multi user port at Cape Preston West. What are the underlying business or industry changes driving this perspective?
Analysis Article • Oct 17

Would BCI Minerals (ASX:BCI) Be Better Off With Less Debt?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • Apr 17

Does BCI Minerals (ASX:BCI) Have A Healthy Balance Sheet?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Aug 27

Does BCI Minerals (ASX:BCI) Have A Healthy Balance Sheet?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article • Jan 04

There Is A Reason BCI Minerals Limited's (ASX:BCI) Price Is Undemanding

You may think that with a price-to-sales (or "P/S") ratio of 6.1x BCI Minerals Limited ( ASX:BCI ) is definitely a...
Analysis Article • Sep 24

Health Check: How Prudently Does BCI Minerals (ASX:BCI) Use Debt?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • May 11

Is BCI Minerals (ASX:BCI) A Risky Investment?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Nov 18

Here's Why Shareholders May Want To Be Cautious With Increasing BCI Minerals Limited's (ASX:BCI) CEO Pay Packet

CEO Alwyn Vorster has done a decent job of delivering relatively good performance at BCI Minerals Limited ( ASX:BCI...
Analysis Article • Aug 22

With EPS Growth And More, BCI Minerals (ASX:BCI) Is Interesting

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

Shareholder Returns

BCIAU Metals and MiningAU Market
7D-1.8%-0.7%-2.0%
1Y57.1%41.8%-1.1%

Return vs Industry: BCI exceeded the Australian Metals and Mining industry which returned 41.8% over the past year.

Return vs Market: BCI exceeded the Australian Market which returned -1.1% over the past year.

Price Volatility

Is BCI's price volatile compared to industry and market?
BCI volatility
BCI Average Weekly Movement6.3%
Metals and Mining Industry Average Movement11.1%
Market Average Movement9.7%
10% most volatile stocks in AU Market16.7%
10% least volatile stocks in AU Market4.0%

Stable Share Price: BCI has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: BCI's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2006146David Boshoffwww.bciminerals.com.au

BCI Minerals Limited, a mineral resources company, engages in the development of industrial minerals in Australia. It primarily explores salt and potash deposits. The company holds a 100% interest in the Mardie Salt and Potash project located in the Pilbara region of Western Australia.

BCI Minerals Limited Fundamentals Summary

How do BCI Minerals's earnings and revenue compare to its market cap?
BCI fundamental statistics
Market capAU$1.67b
Earnings (TTM)AU$19.40m
Revenue (TTM)AU$6.20m
83.3x
P/E Ratio
260.6x
P/S Ratio

Is BCI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BCI income statement (TTM)
RevenueAU$6.20m
Cost of RevenueAU$38.90m
Gross Profit-AU$32.70m
Other Expenses-AU$52.10m
EarningsAU$19.40m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)0.0066
Gross Margin-527.42%
Net Profit Margin312.90%
Debt/Equity Ratio83.7%

How did BCI perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/11 14:53
End of Day Share Price 2026/09/11 00:00
Earnings2026/06/30
Annual Earnings2026/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

BCI Minerals Limited is covered by 9 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Peter O'ConnorBofA Global Research
James BullenCanaccord Genuity
Hayden BairstowMacquarie Research

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