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BSA Limited
(Sydney:BSA)
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Rating:52Neutral
Price Target:
AU$0.25
â–¼(-6.30% Downside)
Action:Reiterated
Date:08/21/26
The score is driven primarily by mixed financial performance: improved profitability and a healthier, low-debt balance sheet are offset by sharp revenue deterioration and inconsistent cash generation (including negative 2026 operating/free cash flow). Technical indicators are neutral-to-bearish (negative MACD and trading below key longer-term moving averages), while valuation is a relative positive with a low-to-moderate P/E.
Positive Factors
Balance Sheet Strength
The rebuilt equity base and very low debt provide a conservative capital structure that can absorb operating volatility better than the company’s earlier position. Lower leverage also preserves financial flexibility for working-capital needs, investment, and potential recovery without relying heavily on external funding.
Negative Factors
Severe Revenue Deterioration
The sharp 2026 revenue contraction indicates that demand, project timing, or business activity remains highly volatile, making the earnings base difficult to forecast. Sustained top-line weakness could reduce operating leverage, limit reinvestment capacity, and undermine the recent profitability rebound over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
The rebuilt equity base and very low debt provide a conservative capital structure that can absorb operating volatility better than the company’s earlier position. Lower leverage also preserves financial flexibility for working-capital needs, investment, and potential recovery without relying heavily on external funding.
Read all positive factors
BSA Limited (BSA) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$20.88M
Dividend Yield3.52%
Average Volume (3M)161.18K
Price to Earnings (P/E)4.4
Beta (1Y)2.48
Revenue Growth-89.35%
EPS Growth12.72%
CountryAU
Employees234
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.06
Shares Outstanding80,300,260
10 Day Avg. Volume315,602
30 Day Avg. Volume161,175
Financial Highlights & Ratios
PEG Ratio0.51
Price to Book (P/B)2.01
Price to Sales (P/S)0.91
P/FCF Ratio-6.27
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
BSA Limited Business Overview & Revenue Model
Company Description
BSA Limited, together with its subsidiaries, provides communications and utilities infrastructure, and property solutions in Australia. It engages in the design, building, installation, operation, and maintenance of communications networks; delive...
How the Company Makes Money
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BSA Limited Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
63
Positive
Cash Flow
38
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 30.56M | 286.98M | 255.46M | 239.67M | 244.10M |
| Gross Profit | 4.69M | 43.77M | 69.34M | 23.55M | 5.80M |
| EBITDA | 2.93M | 32.84M | 22.21M | 16.25M | -38.98M |
| Net Income | 4.27M | 3.73M | 10.63M | -2.96M | -42.24M |
Balance Sheet | |||||
| Total Assets | 22.23M | 46.60M | 59.28M | 62.52M | 127.63M |
| Cash, Cash Equivalents and Short-Term Investments | 16.82M | 23.97M | 1.57M | 1.96M | 13.44M |
| Total Debt | 499.00K | 1.57M | 10.78M | 9.94M | 22.30M |
| Total Liabilities | 8.38M | 39.65M | 57.67M | 72.12M | 134.72M |
| Stockholders Equity | 13.85M | 6.95M | 1.60M | -9.61M | -7.09M |
Cash Flow | |||||
| Free Cash Flow | -4.44M | 30.43M | -1.60M | -20.02M | -16.06M |
| Operating Cash Flow | -4.44M | 30.48M | -1.05M | -17.93M | -13.77M |
| Investing Cash Flow | -2.00M | -404.00K | -1.46M | 17.72M | -2.32M |
| Financing Cash Flow | -703.00K | -7.67M | 2.12M | -11.27M | 16.71M |
BSA Limited Technical Analysis
Negative
0.27
Price Trends
0.27
Negative
0.29
Negative
0.29
Negative
Market Momentum
>-0.01
Positive
38.77
Neutral
10.26
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BSA, the sentiment is Negative. The current price of 0.27 is above the 20-day moving average (MA) of 0.27, above the 50-day MA of 0.27, and below the 200-day MA of 0.29, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 38.77 is Neutral, neither overbought nor oversold. The STOCH value of 10.26 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:BSA.
BSA Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$205.47M | 92.86 | 1.60% | 8.26% | -6.28% | -84.39% | |
71 Outperform | AU$8.60M | 2.09 | 12.64% | ― | 47.19% | ― | |
66 Neutral | AU$395.92M | 16.20 | 10.64% | 3.64% | 30.67% | -24.67% | |
65 Neutral | AU$76.62M | 6.86 | 9.88% | 1.01% | 38.37% | -8.53% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
52 Neutral | AU$20.88M | 4.41 | 31.31% | 3.52% | -89.35% | 12.72% | |
50 Neutral | AU$99.70M | -86.14 | -1.51% | 1.40% | 42.47% | -144.81% |
* Industrials Sector Average
AU:BSA
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BSA Limited Corporate Events
BSA Director David Geraghty Increases Indirect Shareholding Through On-Market Trade
Oct 11, 2026
BSA Limited has notified the ASX of a change in director David Geraghty’s indirect interest in the company’s securities, following an on-market trade executed on 9 October 2026 through Roologic Pty Ltd, a company controlled by his spou...
BSA Director Piers Lewis Increases Shareholding via Performance Rights Conversion
Oct 7, 2026
BSA Limited has disclosed changes to director Piers Lewis’s indirect interests in the company’s securities, reflecting a rebalancing between performance rights and fully paid ordinary shares. The notice outlines movements through Cranl...
BSA Director Daniel Raihani Increases Indirect Shareholding
Oct 7, 2026
BSA Limited has notified the market of changes to the indirect interests of director Daniel Raihani, held via 7 Enterprises Pty Ltd, in the company’s securities. The update details an increase in his holding of fully paid ordinary shares and...
BSA Limited Confirms Compliance on 5 Million Share Issue
Oct 7, 2026
BSA Limited has issued 5,000,000 fully paid ordinary shares and has lodged the relevant Appendix 2A, confirming that these securities qualify for on-sale exemption under section 708A(5) of the Corporations Act 2001.The company states it is complia...
BSA Limited Seeks ASX Quotation for 5 Million New Shares
Oct 7, 2026
BSA Limited has lodged a new application with the ASX for the quotation of additional ordinary fully paid shares. The company seeks quotation for 5,000,000 new securities, which were issued on 6 October 2026, expanding its pool of tradable equity ...
BSA Director David Geraghty Increases Indirect Shareholding via On-Market Purchases
Oct 5, 2026
BSA Limited has disclosed a change in the relevant interests of director David Geraghty, who increased his indirect holding of fully paid ordinary shares through Roologic Pty Ltd, a company controlled by his spouse. Between 1 and 5 October 2026, G...
BSA moves to acquire Eonetics to build integrated aerial infrastructure platform
Oct 1, 2026
BSA Limited is moving to expand its infrastructure technology capabilities through the proposed acquisition of Eonetics, an Australian aerial infrastructure specialist with proprietary tethered‑drone, software and remote infrastructure solut...
BSA extends ASX trading suspension ahead of material acquisition
Sep 30, 2026
BSA Limited has secured an extension to the voluntary suspension of trading in its securities on the ASX, effective from Wednesday, 30 September 2026. The move is linked to an upcoming announcement regarding a material acquisition for which the co...
BSA Limited Seeks Trading Halt Ahead of Material Acquisition Announcement
Sep 24, 2026
BSA Limited has requested a trading halt in its securities on the ASX, pending the release of an announcement regarding a material acquisition. Trading in BSA shares will remain suspended until either the acquisition announcement is made or normal...
BSA Limited Completes On-Market Share Buy-Back Program
Sep 23, 2026
BSA Limited has completed an on-market share buy-back of its ordinary fully paid shares on the ASX, formally notifying the exchange with a final buy-back announcement dated 23 September 2026. The program authorised the repurchase of up to 7,530,02...
BSA Issues 560,165 Unquoted Performance Rights Under Employee Incentive Plan
Aug 28, 2026
BSA Limited has notified the market that it will issue 560,165 unquoted performance rights under its employee incentive scheme. The new securities, which will not be quoted on the ASX, were issued on 27 August 2026 and form part of the companyR...
BSA Limited Files ASX Governance Statement and Appendix 4G for FY2026
Aug 20, 2026
BSA Limited has lodged its corporate governance statement and accompanying Appendix 4G with the ASX for the year ended 30 June 2026, confirming compliance with key ASX Corporate Governance Council recommendations for the period. The statement, app...
BSA Limited Details 2026 Governance Framework and Diversity Focus
Aug 20, 2026
BSA Limited has confirmed its corporate governance framework for the 2026 financial year, stating broad compliance with the latest ASX Corporate Governance Principles and the Corporations Act, with only limited exceptions noted. The company detail...
BSA Limited Lifts Profit and Strengthens Assets Despite Revenue Slump
Aug 20, 2026
BSA Limited reported revenue and other income of $32.1 million for the year ended 30 June 2026, a sharp 89% decline from the prior year, but still delivered a 14% increase in profit after tax to $4.3 million. Earnings per share improved modestly, ...
BSA Director David Geraghty Increases Indirect Shareholding via On-Market Purchase
Jul 26, 2026
BSA Limited has reported a change in director-related interests, detailing the indirect holdings of director David Geraghty through Roologic Pty Ltd and Mandarin Rock Pty Ltd. The filing outlines his existing stake in fully paid ordinary shares, a...
BSA Director David Geraghty Lifts Stake with $896,000 Share Purchase
Jul 22, 2026
BSA Limited has disclosed a change in director interests for David Geraghty, with an increase in his indirect shareholding through Roologic Pty Ltd, a company controlled by his spouse. The transaction involves the acquisition of 2,800,000 fully pa...
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.