BSA Limited (AU:BSA)
ASX:BSA
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BSA Limited
(Sydney:BSA)
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Rating:60Neutral
Price Target:
AU$0.31
▲(90.62% Upside)
Action:Reiterated
Date:06/12/26
Overall score reflects a mixed fundamental profile: strong cash flow improvement and modest operating recovery are offset by sharply weaker gross margins and balance-sheet fragility from low equity levels. Technicals are largely neutral with slightly negative momentum, while valuation looks reasonable at a ~11x P/E but lacks dividend support in the provided data.
Positive Factors
Free Cash Flow Strength
Very large free cash flow improvement and near-1x FCF-to-net-income indicate the business converts reported profits into cash reliably. Durable cash generation supports capex, working capital needs, debt servicing and selective reinvestment over the next several quarters.
Negative Factors
Gross Margin Compression
A sharp drop in gross margin signals structural cost or pricing pressure in core operations. If sustained, gross margin erosion reduces headroom for SG&A and interest, making profitability and free cash flow more vulnerable to modest revenue or cost shocks over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Free Cash Flow Strength
Very large free cash flow improvement and near-1x FCF-to-net-income indicate the business converts reported profits into cash reliably. Durable cash generation supports capex, working capital needs, debt servicing and selective reinvestment over the next several quarters.
Read all positive factors
BSA Limited (BSA) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$23.34M
Dividend YieldN/A
Average Volume (3M)192.24K
Price to Earnings (P/E)10.6
Beta (1Y)2.72
Revenue Growth-42.83%
EPS Growth-87.23%
CountryAU
Employees234
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.03
Shares Outstanding75,300,260
10 Day Avg. Volume179,227
30 Day Avg. Volume192,244
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)0.83
Price to Sales (P/S)0.02
P/FCF Ratio0.19
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, an Australian company operating alongside its various subsidiaries, offers a comprehensive suite of services for communications and utilities infrastructure, in addition to property solutions throughout Australia. The company manages ...
How the Company Makes Money
null...
BSA Limited Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
50
Neutral
Cash Flow
70
Positive
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 286.98M | 255.46M | 239.67M | 244.10M | 418.35M |
| Gross Profit | 43.77M | 69.34M | 23.55M | 5.80M | 18.90M |
| EBITDA | 30.95M | 22.21M | 16.25M | -38.98M | 12.75M |
| Net Income | 3.73M | 10.63M | -2.96M | -42.24M | 9.00K |
Balance Sheet | |||||
| Total Assets | 46.60M | 59.28M | 62.52M | 127.63M | 125.20M |
| Cash, Cash Equivalents and Short-Term Investments | 23.97M | 1.57M | 1.96M | 13.44M | 12.82M |
| Total Debt | 1.57M | 10.78M | 9.94M | 22.30M | 9.22M |
| Total Liabilities | 39.65M | 57.67M | 72.12M | 134.72M | 101.09M |
| Stockholders Equity | 6.95M | 1.60M | -9.61M | -7.09M | 24.11M |
Cash Flow | |||||
| Free Cash Flow | 30.43M | -1.60M | -20.02M | -16.06M | -11.32M |
| Operating Cash Flow | 30.48M | -1.05M | -17.93M | -13.77M | -7.58M |
| Investing Cash Flow | -404.00K | -1.46M | 17.72M | -2.32M | -2.34M |
| Financing Cash Flow | -7.67M | 2.12M | -11.27M | 16.71M | -15.00M |
BSA Limited Technical Analysis
Negative
0.16
Price Trends
0.32
Negative
0.31
Negative
0.22
Positive
Market Momentum
>-0.01
Negative
49.16
Neutral
65.61
Neutral
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 0.16 is below the 20-day moving average (MA) of 0.31, below the 50-day MA of 0.32, and below the 200-day MA of 0.22, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 49.16 is Neutral, neither overbought nor oversold. The STOCH value of 65.61 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
69 Neutral | AU$290.34M | 20.02 | 9.11% | 5.71% | 25.68% | -11.47% | |
67 Neutral | AU$150.44M | 8.35 | 11.28% | 10.12% | -0.15% | 307.55% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | AU$23.34M | 10.60 | 21.63% | ― | -42.83% | -87.23% | |
60 Neutral | AU$152.13M | -20.41 | -12.62% | 2.78% | -2.60% | -168.93% | |
56 Neutral | AU$50.52M | 9.44 | 17.89% | 0.49% | 3.21% | 82.98% | |
43 Neutral | AU$7.85M | -5.14 | -5.43% | ― | -25.24% | -46.91% |
* Industrials Sector Average
AU:BSA
BSA Limited
0.31
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BSA Limited Corporate Events
BSA Grants $2m Loan Facility to Chair-Linked Entity for Share Purchases
Jun 8, 2026
BSA Limited has entered into a loan agreement of up to A$2 million with Mandarin Rock Pty Ltd, an entity associated with Non-Executive Chair David Geraghty, to finance the acquisition of BSA shares on-market or via off-market transfers. The unsecu...
BSA director Daniel Raihani granted new options and performance rights
May 5, 2026
BSA Limited has disclosed a change in the indirect interests of director Daniel Raihani, held through 7 Enterprises Pty Ltd, in accordance with ASX listing rule 3.19A.2. The notice records that Raihani’s entity already held 14,921,000 fully ...
BSA Director Piers Lewis Granted Additional Options and Performance Rights
May 5, 2026
BSA Limited has disclosed a change in director Piers Lewis’s interests, with his indirect holding through Cranley Consulting Pty Ltd increasing via the issue of new unlisted options and performance rights. The additional 3,750,000 unlisted o...
BSA Issues 11.7 Million Unquoted Performance Rights Under Employee Incentive Scheme
May 1, 2026
BSA Limited has notified the market that it will issue 11,725,000 unquoted performance rights under its employee incentive scheme, effective 1 May 2026. The move underscores the company’s continued use of equity-based remuneration to align e...
BSA Limited Issues 12.5 Million Unquoted Options Under Employee Incentive Scheme
May 1, 2026
BSA Limited has notified the market of the issuance of a total of 12.5 million unquoted options under an employee incentive scheme, divided into three new unlisted option classes to be issued on May 1, 2026. The move signals the company’s on...
BSA Limited posts break-even quarter as revenue plunges but cash remains solid
Apr 30, 2026
BSA Limited reported that its performance for the March quarter was broadly break-even, marking a transitional period as it repositions for future growth after losing key contracts. Revenue for the year to date fell 88% to $26.7 million and EBITDA...
BSA Shareholders Back Incentive Plan and Director Equity Grants at General Meeting
Apr 28, 2026
BSA Limited has reported that all resolutions put to shareholders at its general meeting on 28 April 2026 were passed by poll, reflecting strong investor support across the agenda. The meeting outcomes included approval of an employee securities i...
BSA calls April 2026 general meeting to approve new incentive plan and director performance rights
Mar 26, 2026
BSA Limited has called a general meeting of shareholders for 28 April 2026 in Chatswood, New South Wales, setting 26 April 2026 as the record date for voting eligibility. The company is urging shareholders to lodge proxy forms and review the accom...
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.