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Blackstone Minerals Limited (BSX) Fair Value & Analysis

Basic Materials · AU · Market cap A$77.4M

BM Blackstone Minerals Limited BSX · AU
PriceA$0.0370
Fair ValueA$0.0472
Upside+27.7%
Quality88/100
Evidence: Low Range A$0.0384 – A$0.0534

Fair value as of: Jun 26, 2026

From 3 valuation models · updated 3 days ago

Fair value updated Jun 26, 2026 — revised from A$0.1500 to A$0.0472 (−68.5%) since Jun 24, 2026. Share price −18.2% over the past month.

Price vs Fair Value (12 months)

A$0.0956 A$0.0308 Fair Value A$0.0472 Jun 2025 Jun 2026

12‑month range A$0.0308 – A$0.0956 · fair‑value band A$0.0384 – A$0.0534 · the A$0.0370 price screens below the A$0.0472 fair value. As of Jun 26, 2026.

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Analysis

Blackstone Minerals Limited (BSX) currently trades at A$0.0370, while our model-based Fair Value estimate is A$0.0472 — implying the stock looks roughly 27.7% undervalued today. We read business quality at 88/100 (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.

Trailing-twelve-month revenue stands at A$1.2M. Revenue declined 75.4% year over year. It earns a return on equity of -28.7%. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) A$1.2M
Revenue growth (YoY) -75.4%
Return on equity -28.7%
Free cash flow −A$5.9M FY2025
EPS (TTM) A$-0.0100
Net cash A$341K FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

Blackstone Minerals Limited engages in the exploration of mineral properties in North America and Vietnam. The company primarily explores for nickel, cobalt, copper, gold, and manganese deposits. The company holds a 90% interest in its flagship project, the Ta Khoa project located in Son La Province, Vietnam. Blackstone Minerals Limited was incorporated in 2016 and is based in West Perth, Australia.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Blackstone Minerals Limited reported revenue of A$1.2M in FY2025 versus A$77.2K in FY2021, a compound +98.5%/yr. Reported net income was −A$9.7M in FY2025.

Revenue +98.5%/yr
FY21 A$77.2K
FY22 A$35.9K
FY23 A$313K
FY24 A$55.5K
FY25 A$1.2M
Net income
FY21 −A$15.9M
FY22 −A$31.9M
FY23 −A$32.2M
FY24 −A$17.3M
FY25 −A$9.7M

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Frequently asked questions

Is Blackstone Minerals Limited (BSX) undervalued?
As of Jun 26, 2026, our model estimates a fair value of A$0.0472 versus a price of A$0.0370 — about +28% (undervalued). Model-based estimate, not financial advice.
What is the fair value of BSX?
Our 21-model fair value for Blackstone Minerals Limited is A$0.0472 (as of Jun 26, 2026), built from audited fundamentals. The current price is A$0.0370.
What is the quality score of BSX?
Blackstone Minerals Limited has a Quality Score of 88/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Blackstone Minerals Limited (BSX)?
Blackstone Minerals Limited reported trailing-twelve-month revenue of about A$1.2M (latest available figure, as of Jun 26, 2026).
What is the net profit margin of BSX?
The net profit margin of Blackstone Minerals Limited is about 0.0%, meaning it keeps roughly 0.0% 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.