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Bhagwan Marine Ltd.
(Sydney:BWN)
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Rating:56Neutral
Price Target:
AU$0.32
â–¼(-20.25% Downside)
Action:Reiterated
Date:08/28/26
The score is held back primarily by weakened financial performance (revenue and profitability deterioration alongside higher leverage). Partially offsetting this are improved/positive free cash flow and stable operating cash flow, plus a reasonable valuation (P/E ~10.6 and ~3.19% yield). Technicals are mildly supportive near-term but remain mixed versus longer-term moving averages.
Positive Factors
Positive Free Cash Flow
Positive free cash flow gives Bhagwan Marine internally generated funds for debt service, maintenance investment and business needs. Although conversion has been uneven, the latest improvement provides a meaningful cushion against weak reported earnings.
Negative Factors
Sharp Revenue Contraction
The substantial revenue decline signals weaker demand, utilization or contract activity and reduces operating leverage. Sustained top-line weakness would limit cash generation, constrain investment capacity and make margin recovery more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive Free Cash Flow
Positive free cash flow gives Bhagwan Marine internally generated funds for debt service, maintenance investment and business needs. Although conversion has been uneven, the latest improvement provides a meaningful cushion against weak reported earnings.
Read all positive factors
Bhagwan Marine Ltd. (BWN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$117.39M
Dividend Yield3.35%
Average Volume (3M)385.89K
Price to Earnings (P/E)2950.0
Beta (1Y)1.49
Revenue Growth-16.65%
EPS Growth-101.32%
CountryAU
Employees1,000
SectorGeneral
Sector StrengthN/A
IndustryMarine Shipping
Share Statistics
EPS (TTM)<0.01
Shares Outstanding397,935,060
10 Day Avg. Volume320,740
30 Day Avg. Volume385,889
Financial Highlights & Ratios
PEG Ratio4.44
Price to Book (P/B)0.39
Price to Sales (P/S)0.36
P/FCF Ratio9.17
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)0.03
Revenue Forecast (FY)AU$299.90M
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
46
Neutral
Balance Sheet
44
Neutral
Cash Flow
58
Neutral
| Breakdown | Jun 2025 | Jun 2024 | Jun 2024 |
|---|---|---|---|
Income Statement | |||
| Total Revenue | 235.91M | 283.04M | 269.84M |
| Gross Profit | 22.58M | 264.76M | 247.03M |
| EBITDA | 44.16M | 50.58M | 32.50M |
| Net Income | -200.00K | 12.49M | 5.55M |
Balance Sheet | |||
| Total Assets | 476.93M | 281.79M | 254.15M |
| Cash, Cash Equivalents and Short-Term Investments | 23.85M | 16.19M | 1.35M |
| Total Debt | 157.61M | 66.10M | 93.75M |
| Total Liabilities | 260.29M | 113.98M | 176.08M |
| Stockholders Equity | 216.65M | 167.81M | 78.08M |
Cash Flow | |||
| Free Cash Flow | 9.14M | -2.54M | 15.39M |
| Operating Cash Flow | 36.38M | 35.82M | 29.04M |
| Investing Cash Flow | -118.01M | -37.46M | -12.06M |
| Financing Cash Flow | 89.29M | 16.48M | -15.66M |
Bhagwan Marine Ltd. Technical Analysis
Positive
0.40
Price Trends
0.30
Positive
0.31
Negative
0.38
Negative
Market Momentum
<0.01
Negative
51.94
Neutral
37.50
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BWN, the sentiment is Positive. 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 above the 200-day MA of 0.38, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 51.94 is Neutral, neither overbought nor oversold. The STOCH value of 37.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:BWN.
Bhagwan Marine Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
AU:BWN
Bhagwan Marine Ltd.
0.30
-0.21
-41.93%
AU:SST
Steamships Trading Co. Ltd.
9.55
-3.90
-29.00%
AU:CVL
Civmec Singapore Limited Shs Chess Deposit Interests Repr 1 Sh
1.81
0.59
48.80%
Bhagwan Marine Ltd. Corporate Events
Bhagwan Marine Sharpens Governance and Investor Outreach After ASX Listing
Aug 26, 2026
Bhagwan Marine Limited has outlined its corporate profile as Australia’s leading listed marine solutions company, highlighting its large, multifunctional fleet and recognised safety and operational standards across offshore energy, ports, in...
Bhagwan Marine Releases 2026 Full-Year Results Presentation with Detailed Disclaimers
Aug 26, 2026
Bhagwan Marine has released its 2026 full-year results presentation, outlining its operations and financial performance for existing and potential investors. The materials, available via its InvestorHub, include non-IFRS metrics intended to give a...
Bhagwan Marine boosts cash generation and growth platform with Riverside deal
Aug 26, 2026
Bhagwan Marine Limited is a leading Australian provider of marine solutions, including vessel services, marine construction support and offshore logistics for energy and resource-sector clients. The company is actively growing into emerging market...
Bhagwan Marine Posts FY26 Earnings Decline but Maintains Dividends and Expands Fleet
Aug 26, 2026
Bhagwan Marine Limited reported a weaker FY26 financial performance, with revenue from ordinary activities falling 16.6% to $235.9 million and statutory EBITDA down 15.3% to $42.5 million, compared with the prior year. Earnings before interest and...
Bhagwan Marine Sets 2026 AGM Date and Director Nomination Deadline
Aug 26, 2026
Bhagwan Marine Limited, Australia’s largest listed marine solutions provider, operates a diversified national fleet serving offshore energy, resources, ports, inshore and defence clients, supported by more than 1,000 in-house marine professi...
Bhagwan Marine Sets Date for FY26 Results Webinar
Aug 12, 2026
Bhagwan Marine Limited, Australia’s largest listed marine solutions company, operates a sizeable multi-functional fleet serving offshore energy, resources, ports, inshore and defence markets nationwide. The founder-led group, which includes ...
Bhagwan Marine switches share registry to Automic to streamline investor services
Jul 10, 2026
Bhagwan Marine Limited, the ASX‑listed Australian marine solutions provider, has announced a change in its share registry services, moving from MUFG Corporate Markets Pty Ltd to Automic Pty Ltd effective 13 July 2026. The company operates a ...
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...
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.