Bannerman Energy Ltd (BMN) Fair Value & Analysis
Energy · AU · Market cap A$729M
Fair value as of: Jul 16, 2026
From 3 valuation models · updated 25 days ago
Share price +4.3% over the past month.
Below-average quality, currently priced close to our fair value.
What matters now
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- A fairly wide model range (A$1.68 to A$4.31) leaves room in how you read the outcome.
- Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.
How to read this chart
60‑month range A$1.19 – A$4.90 · fair‑value band A$1.68 – A$4.31 · the A$3.39 price screens above the A$3.09 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.
Analysis
Bannerman Energy Ltd (BMN) currently trades at A$3.39, while our model-based Fair Value estimate is A$3.09, implying the stock looks roughly 9.0% fairly valued today. The Quality Score stands at 22/100 (below-average quality), in the Energy sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).
Trailing-twelve-month revenue stands at A$13.0K. Revenue grew 144.4% year over year. It earns a return on equity of -1.0%. The balance sheet holds a net cash position of A$46.1M. Fundamentals as of Jul 16, 2026
Our scenario range runs from A$1.68 (bear case) to A$4.31 (bull case); at A$3.39, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 35% below its 52-week high and 52% above its 52-week low, currently below its 200-day average. For context, the median of 10 Energy peers we cover trades at -72% fair-value upside, at -9%, BMN screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 3 models by family
Widest divergence: Dividend Discount (A$3.20) versus Asset-Based (A$0.6100). Highest evidence: Gordon GGM (70).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 29 · Market factors (momentum, volatility) 41
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Bannerman Energy Ltd engages in the exploration and development of uranium properties in Africa. The company's flagship property is the 95% owned Etango Project located in the Erongo Region of Namibia, Southern Africa. The company was formerly known as Bannerman Resources Limited and changed its name to Bannerman Energy Ltd in July 2021.
Full company description
Bannerman Energy Ltd engages in the exploration and development of uranium properties in Africa. The company's flagship property is the 95% owned Etango Project located in the Erongo Region of Namibia, Southern Africa. The company was formerly known as Bannerman Resources Limited and changed its name to Bannerman Energy Ltd in July 2021. Bannerman Energy Ltd was incorporated in 2005 and is based in Subiaco, Australia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Bannerman Energy Ltd reported revenue of A$13.0K in FY2025 versus A$31.0K in FY2021, a compound −19.5%/yr. Reported net income was −A$4.1M in FY2025.
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Peer Group
Uranium · 26 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Uranium median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Uranium stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Cameco Corporation CCJ | $95.99 | $9.62 | -90% |
| China National Uranium Co 001280 | ¥56.66 | ¥11.54 | -80% |
| NexGen Energy Ltd NXE | $9.25 | $1.04 | -89% |
| Sprott Physical Uranium Trust Fund UU | $18.61 | $29.76 | +60% |
| Centrus Energy Corp LEU | $156.05 | $58.25 | -63% |
| CGN Mining Company 1164 | HK$2.42 | HK$1.01 | -58% |
| Deep Yellow Limited DYL | A$1.23 | A$0.3000 | -76% |
| IsoEnergy Ltd ISOU | $10.01 | $1.78 | -82% |
| Uranium Royalty Corp UROY | $2.76 | $1.62 | -41% |
| Boss Energy Limited BOE | A$1.30 | A$0.3600 | -72% |
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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.
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