Black Pearl Group Limited (BPG) fair value: what the stock is really worth
We calculate from audited financials what Black Pearl Group Limited is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
Valuation from Jul 19, 2026. With the latest figures (losses, negative cash flow), a fair value can no longer be calculated.
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Black Pearl Group Limited, a technology company, builds, acquires, and markets data driven cloud-based services. It offers a suite of productivity and digital marketing applications for small and medium-sized businesses. The company was founded in 2012 and is based in Wellington, New Zealand.
Stock analysis
Black Pearl Group Limited (BPG) currently trades at A$0.2000, while our model-based Fair Value estimate is A$0.0850, implying the stock looks roughly 135.3% overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 86/100, which puts the evidence level at low.
Scenario range: A$0.0680 (bear) to A$0.1275 (bull), the price of A$0.2000 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 25/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Black Pearl Group Limited reported revenue of 13.7M NZD in FY2026 versus 1.4M NZD in FY2023, a compound +112.4%/yr. Reported net income was −17.8M NZD in FY2026.
Key figures
Market cap A$38.8M (≈ $27.2M) · EPS (TTM) A$−0.1800 · Net margin −130% · Return on assets (EBIT) −82.6% · Free cash flow −19.3M NZD · Net debt 626K NZD.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
For context, the median of 10 Technology peers we cover trades at −6% fair-value upside, at −58%, BPG screens richer than that median.
Fair Value models
Bear A$0.0680Fair Value A$0.0850Bull A$0.1275
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.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.Evidence ⓘEvidence = 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.44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+77.0%
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.
+112.4%
’23
’24
’25
’26
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.
−504.5% (2023) → −125.7% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
Compare Black Pearl Group Limited with another stock
Price, fair value, quality and upside side by side.
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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.Software - Application · 721 stocks
Beats the industry median on 1/7 measures
Overall it trails its industry peers.
Valuation
Quality Score27 · Bottom 25%
Fair Value upside−58% · Bottom 25%
Profitability
Return on assets0% · Below median
Net margin (TTM)−130% · Bottom 25%
Operating margin (TTM)0% · Below median
Growth and dividend
Revenue growth0% · Below median
Balance sheet
Debt / equity0.01× · Below median
Valuation Multiplesvs Software - Application median · lower = cheaper
P/B1.52× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 25
FUTURE (revenue growth)0· sector 38
PAST (return on equity)0· sector 16
HEALTH (low debt)99· sector 97
DIVIDEND (yield)0· sector 30
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). "Black Pearl Group Limited Fair Value". https://www.fairvalue-calculator.com/stock/BPG
Frequently asked questions
Is Black Pearl Group Limited (BPG) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of A$0.0850 versus a price of A$0.2000, about −58% upside (overvalued).
What is the fair value of BPG?
Our model-based fair value for Black Pearl Group Limited is A$0.0850 (as of Jul 19, 2026), built from audited fundamentals. The current price: A$0.2000.
What is the quality score of BPG?
Black Pearl Group Limited has a Quality Score of 25/100. 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 Black Pearl Group Limited (BPG)?
Our model-based price target is the fair value of A$0.0850 (as of Jul 19, 2026) from 1 valuation models. Cautious scenario A$0.0680, optimistic scenario A$0.1275. It is a calculation from audited fundamentals, not an analyst target.
What is the Black Pearl Group Limited stock forecast for 2026?
Our models put fair value at A$0.0850, about −58% upside versus a price of A$0.2000 (overvalued). Cautious scenario A$0.0680, optimistic scenario A$0.1275. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Black Pearl Group Limited (BPG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Black Pearl Group Limited it is A$0.0850 per share (as of Jul 19, 2026), against a price of A$0.2000. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Black Pearl Group Limited stock overvalued or undervalued in 2026?
As of Jul 19, 2026, BPG trades above its calculated fair value: price A$0.2000, fair value A$0.0850, a gap of about −58% (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 BPG?
No. The price is what the market pays today (A$0.2000); the fair value is what the company's own numbers justify (A$0.0850). For Black Pearl Group Limited the two are A$0.1150 per share apart. That gap is exactly why we show both numbers side by side.
How much is Black Pearl Group Limited worth?
The market values Black Pearl Group Limited at about A$38.8M (market capitalisation, as of Jul 19, 2026). Per share that is A$0.2000; our models calculate a fair value of A$0.0850 per share.
What do the bullish and bearish scenarios say about BPG?
Our models span a range for Black Pearl Group Limited: cautious scenario A$0.0680, base A$0.0850, optimistic A$0.1275 per share (as of Jul 19, 2026, price A$0.2000). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Black Pearl Group Limited (BPG)?
Balance-sheet figures for Black Pearl Group Limited (as of Jul 19, 2026): debt of 0.01 per unit of equity. They feed the Quality Score of 25/100, which measures business quality independently of the share price.
Which stocks are comparable to Black Pearl Group Limited?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, 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 Black Pearl Group Limited stock attractive at the current price?
The data as of Jul 19, 2026: price A$0.2000, calculated fair value A$0.0850 (−58%), Quality Score 25/100, 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 BPG calculated?
We run Black Pearl Group 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$0.0850, 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 14.0 % above its aggregate fair value. Black Pearl Group 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 Black Pearl Group Limited (BPG)?
The closing price on Sep 24, 2026 was A$0.2000. Our model-based fair value is A$0.0850, about −58% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Black Pearl Group Limited right now?
The price sits above even our optimistic bull case (A$0.1275). The favourable scenario is already priced in. Weak quality (25/100) 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$0.0680 to A$0.1275) leaves room in how you read the outcome.
Key figures of Black Pearl Group Limited
How large is the market capitalisation of Black Pearl Group Limited (BPG)?
The market capitalisation of Black Pearl Group Limited is A$38.8M (≈ $27.2M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of Black Pearl Group Limited (BPG)?
Earnings per share at Black Pearl Group Limited are A$−0.1800. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Black Pearl Group Limited (BPG)?
The net margin of Black Pearl Group Limited is −130% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the EBIT return on assets of Black Pearl Group Limited (BPG)?
On an EBIT basis the return on assets of Black Pearl Group Limited is −82.6% (avg 4y). 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.
How much free cash flow does Black Pearl Group Limited (BPG) generate?
The free cash flow of Black Pearl Group Limited is −19.3M NZD (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Black Pearl Group Limited (BPG) carry?
The net debt of Black Pearl Group Limited is 626K NZD (fiscal year 2023). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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