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BSA Ltd (BSA) Fair Value & Analysis

Industrials · AU · Market cap A$24.8M

BL BSA Ltd BSA · AU
PriceA$0.2800
Fair ValueA$0.8400
Upside+200.0%
Quality67/100
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Strengths

Trades 67% below our fair value of A$0.8400
Low debt · generates free cash flow
Ranks above peers (8/12)
Wide moat 66/100

Risks

!Weak Growth (revenue 5y −10.0 %/yr)
!Thin margins · 1.4% net margin
Weak Growth (revenue 5y −10.0 %/yr)
Thin margins · 1.4% net margin
Low debt · generates free cash flow
Ranks above peers (8/12)
Wide moat 66/100
Evidence: High Range A$0.6300 – A$1.05 Share as image

Fair value as of: Aug 13, 2026

From 23 valuation models · updated 11 days ago

Fair value updated Aug 13, 2026, revised from A$1.04 to A$0.8400 (−19.2%) since Jul 20, 2026. Share price −12.5% over the past month.

A solid business, trading 67% below our fair value.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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What matters now

  • The price is below even our cautious bear case (A$0.6300). The market is more pessimistic than our downside scenario.
  • Solid quality (67/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

A$2.41 A$0.0380 Fair Value A$0.8400 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range A$0.0380 – A$2.41 · fair‑value band A$0.6300 – A$1.05 · the A$0.2800 price screens below the A$0.8400 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

BSA Ltd (BSA) currently trades at A$0.2800, while our model-based Fair Value estimate is A$0.8400, implying the stock looks roughly 200.0% undervalued today. The Quality Score stands at 67/100 (solid quality), in the Industrials 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: high), always confirm before acting.

Over the trailing twelve months, BSA Ltd generated revenue of A$162M at a net margin of 1.4%. Revenue declined 84.3% year over year. It earns a return on equity of 18.1%. The balance sheet holds a net cash position of A$22.4M. Fundamentals as of Aug 13, 2026

Our scenario range runs from A$0.6300 (bear case) to A$1.05 (bull case); at A$0.2800, the current price sits below 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 42% below its 52-week high and 352% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -46% fair-value upside, at 200%, BSA 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.

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
Highest evidence
Growth DCF A$3.51 A$4.40 A$5.39 80
Residual Income A$0.3200 A$0.5200 A$7.24 76
Rev-Margin DCF A$4.10 A$6.14 A$8.34 74
All 23 models by family
DCF Models
FCF DCF A$3.48 A$4.47 A$5.63 38
Owner Earnings A$0.9700 A$1.19 A$1.44 31
5Y Revenue Exit A$4.10 A$6.10 A$8.58 39
5Y EBITDA Exit A$4.28 A$6.43 A$8.83 41
5Y P/E Exit A$2.09 A$2.51 A$2.91 38
10Y Revenue Exit A$3.68 A$5.23 A$7.16 36
10Y EBITDA Exit A$3.87 A$5.42 A$7.32 37
10Y P/E Exit A$2.70 A$3.15 A$3.62 35
Earnings-Based
Graham-Dodd A$0.3400 A$0.8300 A$1.07 54
PEG = 1.0 A$0.1500 A$0.2100 A$0.2800 46
EPV A$2.64 A$2.92 A$3.15 59
Multiples
P/E Multiple A$0.7800 A$1.04 A$1.30 63
P/S Multiple A$0.6300 A$0.8400 A$1.05 58
P/B Multiple A$0.3100 A$0.4200 A$0.5200 55
EV/EBIT A$6.78 A$8.95 A$11.11 53
EV/EBITDA A$5.63 A$7.41 A$9.19 54
EV/Revenue A$4.92 A$6.91 A$8.90 43
Asset-Based
NCAV (Graham) A$0.0500 A$0.0600 A$0.0900 50
Growth DCF
Growth DCF A$3.51 A$4.40 A$5.39 80
Rev-Margin DCF A$4.10 A$6.14 A$8.34 74
Economic Profit
Residual Income A$0.3200 A$0.5200 A$7.24 76
ROIC Compounder A$2.64 A$2.92 A$3.15 72
Growth Earnings
Growth-Adj P/E A$0.6000 A$0.8500 A$1.11 68

Widest divergence: DCF Models (A$4.47) versus Asset-Based (A$0.0600). Highest evidence: Growth DCF (80).

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Key figures & financial health

P/E ratio 9.3
P/S ratio 0.15 TTM
Net margin 1.4% TTM
Return on equity 18.1% TTM
Return on assets 38.8% TTM
Operating margin 27.6% TTM
More key figures
Profitability
EPS (TTM) A$0.0300
Growth
Revenue (TTM) A$162M TTM
Revenue growth (YoY) -84.3% 3y avg +5.5%
EPS growth (YoY) -2.6%
Balance sheet & cash flow
Free cash flow A$30.4M FY2025
Net cash A$22.4M FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 67/100

Of which business quality 66 · Market factors (momentum, volatility) 52

Profitability 74
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 74
Earnings quality: real cash, not paper profit
Fin. Strength 66
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 19
Calm price path (market factor)
Momentum 61
Price trend over the last 3–12 months (market factor)
52W Momentum 75
Distance to the 52-week high (market factor)
Net Issuance 31
Buybacks instead of dilution

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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

BSA Limited, together with its subsidiaries, provides communications and utilities infrastructure, and property solutions in Australia.

Full company description

BSA Limited, together with its subsidiaries, provides communications and utilities infrastructure, and property solutions in Australia. It engages in the design, building, installation, operation, and maintenance of communications networks; delivery of bundled services over fixed line and wireless networks; and the installation of subscription television, smart meters, and electric vehicles charging stations. BSA Limited was incorporated in 1999 and is based in Chatswood, Australia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

BSA Ltd reported revenue of A$287M in FY2025 versus A$418M in FY2021, a compound −9.0%/yr. Reported net income was A$3.7M in FY2025, compounding +351.2%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
A$287M
Latest YoY
+12.3%
Avg. revenue growth/yr (3Y) 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.
+5.5%
Avg. revenue growth/yr (5Y) 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.
−10.0%
Avg. revenue growth/yr (28Y) 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.
+16.3%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+96.4% (96.4 + 0.0)
Revenue −9.0%/yr
FY21 A$418M
FY22 A$244M
FY23 A$240M
FY24 A$255M
FY25 A$287M
Net income +351.2%/yr
FY21 A$9.0K
FY22 −A$42.2M
FY23 −A$3.0M
FY24 A$10.6M
FY25 A$3.7M

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Cite: Fair Value Calculator (2026). "BSA Ltd Fair Value". https://www.fairvalue-calculator.com/stock/BSA

Peer Group

Engineering & Construction · 841 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.

Quality Score 67 · Top 25%
Fair Value upside +200% · Top 25%
Return on equity (TTM) 18% · Top 25%
Return on assets 39% · Top 25%
Net margin (TTM) 1% · Below median
Operating margin (TTM) 28% · Top 25%
Revenue growth -84% · Bottom 25%
Debt / equity 0.41× · Higher than median

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 9.3× · Cheaper than 75% of peers
P/B 2.55× · Pricier than median
P/S (TTM) 0.11× · Cheaper than 75% of peers
P/FCF 0.6× · Cheaper than median

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 16
FUTURE0 · sector 14
PAST72 · sector 26
HEALTH80 · sector 94
DIVIDEND0 · sector 38

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

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10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

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Larsen & Toubro Limited LT ₹4,072 ₹2,196 -46%
Ferrovial N.V FER €57.28 €19.17 -67%
HOCHTIEF Aktiengesellschaft HOT €427.60 €203.87 -52%
Samsung C&T Corporation 028260 357,500 KRW 261,411 KRW -27%
ACS, Actividades de Construcción y Servicios, S.A ACS €110.70 €75.04 -32%
EMCOR Group EME $833.40 $549.47 -34%
MasTec, Inc MTZ $281.11 $100.00 -64%

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Frequently asked questions

Is BSA Ltd (BSA) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of A$0.8400 versus a price of A$0.2800, about +200% (undervalued).
What is the fair value of BSA?
Our model-based fair value for BSA Ltd is A$0.8400 (as of Aug 13, 2026), built from audited fundamentals. The current price: A$0.2800.
What is the quality score of BSA?
BSA Ltd has a Quality Score of 67/100. 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 revenue of BSA Ltd (BSA)?
BSA Ltd reported trailing-twelve-month revenue of about A$162M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of BSA?
The net profit margin of BSA Ltd is about 1.4%, meaning it keeps roughly 1.4% 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.

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