Blue Star Helium Limited (BNL) fair value: what the stock is really worth
As of Nov 3, 2026: fair value (intrinsic value) of Blue Star Helium Limited stock A$0.04, price A$0.09, that is 54.0% below the price, quality 26 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with oneYes, for free
Blue Star Helium Limited engages in the exploration, development, and production of helium in North America. It also produces oil and gas. The company was formerly known as Big Star Energy Limited and changed its name to Blue Star Helium Limited in April 2020.
Show moreShow less
Blue Star Helium Limited was incorporated in 1987 and is headquartered in Subiaco, Australia.
Stock analysis
Blue Star Helium Limited (BNL) currently trades at A$0.0940, while our model-based Fair Value estimate is A$0.0432, 54.0% below the price, so the stock looks overvalued today.
Show more
Valuation
How firm this estimate is: it rests on 1 models at a data quality of 96/100, which puts the data coverage at low.
Scenario range: A$0.0338 (bear) to A$0.0620 (bull), the price of A$0.0940 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 26/100 (below-average quality), in the Energy sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Blue Star Helium Limited reported revenue of A$5.0K in FY2025 versus A$8.5K in FY2021, a compound −12.7%/yr. Reported net income was −A$8.5M in FY2025.
Our AI-assisted moat analysis scores the competitive advantage at 8 out of 100 (medium confidence).
What moves the price
The share trades about 81% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at 11% fair-value upside, at −54%, BNL screens richer than that median.
Fair Value models
BearA$0.0338Fair Value A$0.0432BullA$0.0620
Price A$0.0940 · Downside -54.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−42.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−26.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−2.5%
Start year 2020 (pandemic). Over 10 years: −48.7% a year
Revenue growth 32 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−15.6%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−30,028.6% (2020) → −84,022.4% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Compare Blue Star Helium Limited with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer Groupⓘ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.Oil & Gas E&P · 235 stocks
Beats the industry median on 1/6 measures
Overall it trails its industry peers.
Valuation
Quality Score26 · Bottom 25%
Fair Value upside−54.0% · Bottom 25%
Profitability
Return on assets−20.9% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)37.8% · Above median
Balance sheet
Debt / equity3.61× · Highest 25%
Valuation Multiplesvs Oil & Gas E&P median · lower = cheaper
P/B1.46× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 19
FUTURE (revenue growth)100· sector 100
PAST (return on equity)0· sector 31
HEALTH (low debt)0· sector 84
DIVIDEND (yield)0· sector 72
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Blue Star Helium Limited Fair Value". https://www.fairvalue-calculator.com/stock/BNL.AU
Frequently asked questions
Is Blue Star Helium Limited (BNL) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of A$0.0432 versus a price of A$0.0940, about 54% lower (overvalued).
What is the fair value of BNL?
Our model-based fair value for Blue Star Helium Limited is A$0.0432 (as of Nov 4, 2026), built from audited fundamentals. The current price: A$0.0940.
What is the quality score of BNL?
Blue Star Helium Limited has a Quality Score of 26/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Blue Star Helium Limited (BNL)?
Our model-based price target is the fair value of A$0.0432 (as of Nov 4, 2026) from 1 valuation models. Cautious scenario A$0.0338, optimistic scenario A$0.0620. It is a calculation from audited fundamentals, not an analyst target.
What is the Blue Star Helium Limited stock forecast for 2026?
Our models put fair value at A$0.0432, about 54% lower versus a price of A$0.0940 (overvalued). Cautious scenario A$0.0338, optimistic scenario A$0.0620. The calculation is refreshed regularly with new filings.
What is the revenue of Blue Star Helium Limited (BNL)?
Blue Star Helium Limited reported trailing-twelve-month revenue of about A$6.1K (latest available figure, as of Nov 4, 2026).
What is the intrinsic value of Blue Star Helium Limited (BNL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Blue Star Helium Limited it is A$0.0432 per share (as of Nov 4, 2026), against a price of A$0.0940. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Blue Star Helium Limited stock overvalued or undervalued in 2026?
As of Nov 4, 2026, BNL trades above its calculated fair value: price A$0.0940, fair value A$0.0432, a gap of about −54% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BNL?
No. The price is what the market pays today (A$0.0940); the fair value is what the company's own numbers justify (A$0.0432). For Blue Star Helium Limited the two are A$0.0508 per share apart. That gap is exactly why we show both numbers side by side.
How much is Blue Star Helium Limited worth?
The market values Blue Star Helium Limited at about A$11.6M (market capitalisation, as of Nov 4, 2026). Per share that is A$0.0940; our models calculate a fair value of A$0.0432 per share.
What do the bullish and bearish scenarios say about BNL?
Our models span a range for Blue Star Helium Limited: cautious scenario A$0.0338, base A$0.0432, optimistic A$0.0620 per share (as of Nov 4, 2026, price A$0.0940). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Blue Star Helium Limited (BNL)?
Balance-sheet figures for Blue Star Helium Limited (as of Nov 4, 2026): return on equity −148.8%, debt of 3.61 per unit of equity. They feed the Quality Score of 26/100, which measures business quality independently of the share price.
How far is BNL from its 52-week high?
Blue Star Helium Limited trades at A$0.0940, about 81% below its 52-week high of A$0.5000 and at the low of A$0.0940 (as of Nov 3, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.0432 is for.
Which stocks are comparable to Blue Star Helium Limited?
From the same area (Energy) we also value ConocoPhillips explores for,, CNOOC Limited, Canadian Natural Resources Limited, EOG Resources, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Blue Star Helium Limited stock attractive at the current price?
The data as of Nov 4, 2026: price A$0.0940, calculated fair value A$0.0432 (−54%), Quality Score 26/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BNL calculated?
We run Blue Star Helium Limited through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of A$0.0432, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Blue Star Helium Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Blue Star Helium Limited (BNL)?
The closing price on Nov 3, 2026 was A$0.0940. Our model-based fair value is A$0.0432, about 54% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Blue Star Helium Limited right now?
The price sits above even our optimistic bull case (A$0.0620). The favourable scenario is already priced in. Weak quality (26/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (A$0.0338 to A$0.0620) leaves room in how you read the outcome.
Key figures of Blue Star Helium Limited
How large is the market capitalisation of Blue Star Helium Limited (BNL)?
The market capitalisation of Blue Star Helium Limited is A$11.6M (≈ $8.1M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of Blue Star Helium Limited (BNL)?
Earnings per share at Blue Star Helium Limited are A$−0.0800. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Blue Star Helium Limited (BNL)?
The return on equity (ROE) of Blue Star Helium Limited is −149% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Blue Star Helium Limited (BNL)?
On an EBIT basis the return on assets of Blue Star Helium Limited is −14.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Blue Star Helium Limited (BNL)?
The operating margin of Blue Star Helium Limited is −146,776% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Blue Star Helium Limited (BNL)?
Revenue at Blue Star Helium Limited is growing +37.8% versus a year earlier (3y avg −26.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Blue Star Helium Limited (BNL) generate?
The free cash flow of Blue Star Helium Limited is −A$3.1M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Blue Star Helium Limited (BNL) carry?
The net debt of Blue Star Helium Limited is A$24.4M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Blue Star Helium Limited in the live analysis
One click puts Blue Star Helium Limited on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Thin data
Nov 4, 2026