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Black Cat Syndicate Limited (BC8) Fair Value & Analysis

Basic Materials · AU · Market cap A$820M

BC Black Cat Syndicate Limited BC8 · AU
PriceA$1.01
Fair ValueA$1.11
Upside+9.9%
Quality95/100
Evidence: Low Range A$0.8300 – A$1.38

Fair value as of: Jun 24, 2026

From 4 valuation models · updated 5 days ago

Share price −22.2% over the past month.

Price vs Fair Value (12 months)

A$1.73 A$0.8254 Fair Value A$1.11 Jun 2025 Jun 2026

12‑month range A$0.8254 – A$1.73 · fair‑value band A$0.8300 – A$1.38 · the A$1.01 price screens below the A$1.11 fair value. As of Jun 24, 2026.

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Analysis

Black Cat Syndicate Limited (BC8) currently trades at A$1.01, while our model-based Fair Value estimate is A$1.11 — implying the stock looks roughly 9.9% undervalued today. We read business quality at 95/100 (high quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low) — always confirm before acting.

Over the trailing twelve months, Black Cat Syndicate Limited generated revenue of A$205M at a net margin of 8.9%. It earns a return on equity of 7.1%. The balance sheet holds a net cash position of A$12.7M. The stock trades on a trailing P/E of 56.3. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) A$205M
Revenue growth (YoY) +8,082%
Net margin 8.9%
Return on equity 7.1%
Free cash flow −A$60.3M FY2025
P/E ratio 56.3
More key figures
Operating margin 27.3%
EPS (TTM) A$0.0200
Net cash A$12.7M FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Black Cat Syndicate Limited, together with its subsidiaries, engages in the exploration and evaluation of gold properties in Western Australia. It owns 100% interest in the Kal East Gold project covering approximately an area of 650 square kilometers located to the east of Kalgoorlie, Western Australia; the Coyote gold operation project located in the Western Tanami region; and the Paulsens Gold Operation project located in the Ashburton Basin in the Eastern Pilbara region. The company was incorporated in 2017 and is based in Perth, Australia.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Black Cat Syndicate Limited reported revenue of A$37.3M in FY2025 versus A$14.4K in FY2021, a compound +613.4%/yr. Reported net income was −A$25.9M in FY2025.

Revenue +613.4%/yr
FY21 A$14.4K
FY22 A$136K
FY23 A$1.8M
FY24 A$4.6M
FY25 A$37.3M
Net income
FY21 −A$2.3M
FY22 −A$3.9M
FY23 −A$4.8M
FY24 −A$3.8M
FY25 −A$25.9M

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Similar stocks

6 more Gold stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

Stock Price Fair Value vs Fair Value
Newmont Corporation NEMCL $112.00 $141.64 +26%
Zijin Mining Group 601899 ¥29.63 ¥43.68 +47%
Agnico Eagle Mines Limited AEM $160.16 $151.68 -5%
Barrick Mining Corporation B $40.14 $64.02 +59%
Wheaton Precious Metals Corp SII €113.40 €44.65 -61%
AngloGold Ashanti plc AU $91.85 $136.63 +49%

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Frequently asked questions

Is Black Cat Syndicate Limited (BC8) undervalued?
As of Jun 24, 2026, our model estimates a fair value of A$1.11 versus a price of A$1.01 — about +10% (undervalued). Model-based estimate, not financial advice.
What is the fair value of BC8?
Our 21-model fair value for Black Cat Syndicate Limited is A$1.11 (as of Jun 24, 2026), built from audited fundamentals. The current price is A$1.01.
What is the quality score of BC8?
Black Cat Syndicate Limited has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Black Cat Syndicate Limited (BC8)?
Black Cat Syndicate Limited reported trailing-twelve-month revenue of about A$205M (latest available figure, as of Jun 24, 2026).
What is the net profit margin of BC8?
The net profit margin of Black Cat Syndicate Limited is about 8.9%, meaning it keeps roughly 8.9% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.