Loading...

We've got a brand new version of Simply Wall St! Try it out

BSA

ASX:BSA
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BSA
ASX
A$171M
Market Cap
  1. Home
  2. AU
  3. Commercial Services
Company description

BSA Limited, together with its subsidiaries, operates as a technical services contracting company in Australia. The last earnings update was 88 days ago. More info.


Add to Portfolio Compare Print
BSA Share Price and Events
7 Day Returns
1.3%
ASX:BSA
2.2%
AU Commercial Services
0%
AU Market
1 Year Returns
46.3%
ASX:BSA
15%
AU Commercial Services
15.3%
AU Market
BSA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
BSA (BSA) 1.3% -6% 16.2% 46.3% 23.4% 243.5%
AU Commercial Services 2.2% 3.1% -1.5% 15% 15.8% 38.7%
AU Market 0% 0.5% 4.7% 15.3% 21.6% 20.7%
1 Year Return vs Industry and Market
  • BSA outperformed the Commercial Services industry which returned 15% over the past year.
  • BSA outperformed the Market in Australia which returned 15.3% over the past year.
Price Volatility
BSA
Industry
5yr Volatility vs Market

Value

 Is BSA undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of BSA to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for BSA.

ASX:BSA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.1%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:BSA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.66
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.659 (1 + (1- 30%) (3.32%))
0.782
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (0.8 * 5.96%)
7.08%

Discounted Cash Flow Calculation for ASX:BSA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for BSA is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

ASX:BSA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 7.08%)
2020 4.30 Analyst x1 4.02
2021 8.40 Analyst x1 7.33
2022 10.17 Est @ 21.1% 8.29
2023 11.75 Est @ 15.46% 8.93
2024 13.10 Est @ 11.52% 9.30
2025 14.25 Est @ 8.76% 9.45
2026 15.22 Est @ 6.82% 9.43
2027 16.05 Est @ 5.47% 9.29
2028 16.78 Est @ 4.52% 9.06
2029 17.42 Est @ 3.86% 8.79
Present value of next 10 years cash flows A$83.00
ASX:BSA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= A$17.42 × (1 + 2.31%) ÷ (7.08% – 2.31%)
A$373.87
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$373.87 ÷ (1 + 7.08%)10
A$188.64
ASX:BSA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$83.00 + A$188.64
A$271.64
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$271.64 / 432.01
A$0.63
ASX:BSA Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$0.63
Current discount Discount to share price of A$0.40
= -1 x (A$0.40 - A$0.63) / A$0.63
37.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price BSA is available for.
Intrinsic value
37%
Share price is A$0.395 vs Future cash flow value of A$0.62879
Current Discount Checks
For BSA to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • BSA's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • BSA's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for BSA's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are BSA's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:BSA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in AUD A$0.03
ASX:BSA Share Price ** ASX (2019-11-15) in AUD A$0.4
Australia Commercial Services Industry PE Ratio Median Figure of 12 Publicly-Listed Commercial Services Companies 18.07x
Australia Market PE Ratio Median Figure of 519 Publicly-Listed Companies 18.45x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of BSA.

ASX:BSA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:BSA Share Price ÷ EPS (both in AUD)

= 0.4 ÷ 0.03

15.65x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BSA is good value based on earnings compared to the AU Commercial Services industry average.
  • BSA is good value based on earnings compared to the Australia market.
Price based on expected Growth
Does BSA's expected growth come at a high price?
Raw Data
ASX:BSA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.65x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
17.9%per year
Australia Commercial Services Industry PEG Ratio Median Figure of 9 Publicly-Listed Commercial Services Companies 2.36x
Australia Market PEG Ratio Median Figure of 346 Publicly-Listed Companies 1.59x

*Line of best fit is calculated by linear regression .

ASX:BSA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.65x ÷ 17.9%

0.88x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BSA is good value based on expected growth next year.
Price based on value of assets
What value do investors place on BSA's assets?
Raw Data
ASX:BSA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in AUD A$0.08
ASX:BSA Share Price * ASX (2019-11-15) in AUD A$0.4
Australia Commercial Services Industry PB Ratio Median Figure of 27 Publicly-Listed Commercial Services Companies 2.46x
Australia Market PB Ratio Median Figure of 1,585 Publicly-Listed Companies 1.71x
ASX:BSA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:BSA Share Price ÷ Book Value per Share (both in AUD)

= 0.4 ÷ 0.08

4.71x

* Primary Listing of BSA.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BSA is overvalued based on assets compared to the AU Commercial Services industry average.
X
Value checks
We assess BSA's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. BSA has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is BSA expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
17.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is BSA expected to grow at an attractive rate?
  • BSA's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • BSA's earnings growth is expected to exceed the Australia market average.
  • BSA's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:BSA Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:BSA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 17.9%
ASX:BSA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 4.4%
Australia Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 11%
Australia Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 5.5%
Australia Market Earnings Growth Rate Market Cap Weighted Average 9.8%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:BSA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:BSA Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 513 13 16 1
2020-06-30 485 5 14 1
2019-11-15
ASX:BSA Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-06-30 470 18 11
2018-12-31 555 6 1
2018-09-30 559 5 1
2018-06-30 428 5 9
2018-03-31 553 -2 3
2017-12-31 543 -9 5
2017-09-30 518 -5 5
2017-06-30 492 -1 4
2017-03-31 494 10 1
2016-12-31 495 20 -1
2016-09-30 504 11 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • BSA's earnings are expected to grow by 17.9% yearly, however this is not considered high growth (20% yearly).
  • BSA's revenue is expected to grow by 4.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:BSA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from BSA Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:BSA Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30 0.04 0.04 0.04 1.00
2020-06-30 0.03 0.03 0.03 1.00
2019-11-15
ASX:BSA Past Financials Data
Date (Data in AUD Millions) EPS *
2019-06-30 0.03
2018-12-31 0.00
2018-09-30 0.00
2018-06-30 0.02
2018-03-31 0.01
2017-12-31 0.01
2017-09-30 0.01
2017-06-30 0.01
2017-03-31 0.00
2016-12-31 0.00
2016-09-30 0.00

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • BSA is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess BSA's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
BSA has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has BSA performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare BSA's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • BSA has delivered over 20% year on year earnings growth in the past 5 years.
  • BSA's 1-year earnings growth is less than its 5-year average (21.9% vs 83.3%)
  • BSA's earnings growth has exceeded the AU Commercial Services industry average in the past year (21.9% vs 18.9%).
Earnings and Revenue History
BSA's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from BSA Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:BSA Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 469.77 10.76 4.52
2018-12-31 555.04 1.21 5.90
2018-09-30 558.67 1.39 6.50
2018-06-30 428.09 8.83 5.56
2018-03-31 552.77 3.31 7.17
2017-12-31 543.23 5.05 7.24
2017-09-30 517.77 4.51 6.97
2017-06-30 492.32 3.96 6.70
2017-03-31 493.86 1.31 6.72
2016-12-31 495.40 -1.35 6.74
2016-09-30 503.63 -1.78 6.78
2016-06-30 511.86 -2.22 6.82
2016-03-31 523.66 0.57 6.73
2015-12-31 535.47 3.36 6.64
2015-09-30 539.58 3.62 6.51
2015-06-30 543.69 3.88 6.38
2015-03-31 526.39 -13.02 6.35
2014-12-31 509.09 -29.91 6.32
2014-09-30 500.30 -42.38 6.43
2014-06-30 491.51 -54.85 6.54
2014-03-31 489.78 -38.14 6.53
2013-12-31 488.05 -21.44 6.52
2013-09-30 481.11 -8.84 6.30
2013-06-30 474.18 3.76 6.08
2013-03-31 467.79 2.73 5.80
2012-12-31 461.41 1.69 5.52

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • BSA has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • BSA used its assets more efficiently than the AU Commercial Services industry average last year based on Return on Assets.
  • BSA has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess BSA's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
BSA has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is BSA's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up BSA's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • BSA is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • BSA's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of BSA's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 63.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from BSA Company Filings, last reported 4 months ago.

ASX:BSA Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 35.93 1.77 21.94
2018-12-31 38.64 2.22 12.07
2018-09-30 38.64 2.22 12.07
2018-06-30 45.04 0.74 12.67
2018-03-31 45.04 0.74 12.67
2017-12-31 46.44 1.91 12.35
2017-09-30 46.44 1.91 12.35
2017-06-30 45.44 0.65 16.43
2017-03-31 45.44 0.65 16.43
2016-12-31 43.34 1.91 30.22
2016-09-30 43.34 1.91 30.22
2016-06-30 41.50 0.31 21.49
2016-03-31 41.50 0.31 21.49
2015-12-31 44.77 8.20 17.40
2015-09-30 44.77 8.20 17.40
2015-06-30 43.72 5.13 27.07
2015-03-31 43.72 5.13 27.07
2014-12-31 41.33 12.89 12.91
2014-09-30 41.33 12.89 12.91
2014-06-30 19.93 18.71 5.30
2014-03-31 19.93 18.71 5.30
2013-12-31 51.45 34.25 1.51
2013-09-30 51.45 34.25 1.51
2013-06-30 74.80 14.64 2.01
2013-03-31 74.80 14.64 2.01
2012-12-31 74.22 27.02 6.67
  • BSA's level of debt (4.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (92.2% vs 4.9% today).
  • Debt is well covered by operating cash flow (1038.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 19.3x coverage).
X
Financial health checks
We assess BSA's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. BSA has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is BSA's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.27%
Current annual income from BSA dividends. Estimated to be 3.16% next year.
If you bought A$2,000 of BSA shares you are expected to receive A$25 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • BSA's pays a lower dividend yield than the bottom 25% of dividend payers in Australia (2.36%).
  • BSA's dividend is below the markets top 25% of dividend payers in Australia (5.58%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:BSA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Australia Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 2.6%
Australia Market Average Dividend Yield Market Cap Weighted Average of 391 Stocks 4.1%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.5%
Australia Bottom 25% Dividend Yield 25th Percentile 2.4%
Australia Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:BSA Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2021-06-30 0.02 1.00
2020-06-30 0.01 1.00
2019-11-15
ASX:BSA Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-08-19 0.005 1.217
2018-08-28 0.005 1.817
2017-08-28 0.005 1.490
2014-09-22 0.000 0.000
2014-08-29 0.000 0.000
2014-03-03 0.000 0.000
2013-09-30 0.000 0.000
2013-09-18 0.000 0.000
2013-02-15 0.010 5.580
2012-08-16 0.020 10.175
2012-02-14 0.020 8.685
2011-08-24 0.020 9.625
2011-02-23 0.020 8.765
2010-08-25 0.020 7.481
2010-02-23 0.020 9.501
2009-08-26 0.020 7.400
2009-02-25 0.018 11.138

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BSA is not paying a notable dividend for Australia, therefore no need to check if the payments are stable.
  • BSA is not paying a notable dividend for Australia, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of BSA's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of BSA's dividends as it is not paying a notable one for Australia.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).
X
Income/ dividend checks
We assess BSA's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can BSA afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. BSA has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of BSA's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Nick Yates
COMPENSATION A$676,478
TENURE AS CEO 5.7 years
CEO Bio

Mr. Nicholas Kelvin Yates, also known as Nick, has been the Chief Executive Officer and Managing Director of BSA Limited since March 13, 2014. Mr. Yates has an extensive career in the building services and facilities management industries. He served as the Chief Executive Officer of Infrastructure Australia & New Zealand at Transfield Services Ltd., from April 7, 2011 to February 28, 2014. He served as the Chief Marketing and Business Development Officer at Transfield Services Ltd. since September 14, 2009. He had been responsible for overseeing Transfield Services’ global market positioning, business development activities and implementing Transfield’s strategic plan. Mr. Yates has more than 20 years experience across the construction and property industries in senior operational and strategic development roles. He served as Chief Executive Officer of project management consultancy, APP Corporation Pty Ltd., acquired by Transfield Services in 2006. He has been a Director of BSA Limited since March 2014. He served as a Director of Transfield Services (New Zealand) Limited until February 26, 2014. Mr. Yates completed Bachelor of Engineering in Mechanical from University of Sydney in 1982.

CEO Compensation
  • Nick's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Nick's remuneration is higher than average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the BSA management team in years:

3.3
Average Tenure
  • The tenure for the BSA management team is about average.
Management Team

Nick Yates

TITLE
MD, CEO & Executive Director
COMPENSATION
A$676K
TENURE
5.7 yrs

Tim Harris

TITLE
COO & Interim CFO
COMPENSATION
A$653K
AGE
48
TENURE
1 yrs

Nicholas Benson

TITLE
Chief Strategy Officer
COMPENSATION
A$473K
TENURE
1 yrs

Graham Seppelt

TITLE
Company Secretary
COMPENSATION
A$40K
AGE
76
TENURE
13.8 yrs

Leaston Paull

TITLE
General Manager of Subscription TV
COMPENSATION
A$276K

Younis Tehfe

TITLE
Regional General Manager of NSW & WA HVAC
COMPENSATION
A$355K

Frank Wiedermann

TITLE
General Manager of Allstaff Airconditioning VIC
COMPENSATION
A$332K
Board of Directors Tenure

Average tenure of the BSA board of directors in years:

4.6
Average Tenure
  • The tenure for the BSA board of directors is about average.
Board of Directors

Michael Givoni

TITLE
Non-Executive Chairman
COMPENSATION
A$168K
TENURE
4.6 yrs

Nick Yates

TITLE
MD, CEO & Executive Director
COMPENSATION
A$676K
TENURE
5.7 yrs

Paul Teisseire

TITLE
Non-Executive Director
COMPENSATION
A$92K
AGE
64
TENURE
14.7 yrs

Graeme Rodger Barclay

TITLE
Non-Executive Director
COMPENSATION
A$92K
TENURE
4.4 yrs

Mark Lowe

TITLE
Non-Executive Director
COMPENSATION
A$92K
TENURE
12.3 yrs

David Prescott

TITLE
Non-Executive Director
TENURE
0.4 yrs

Chris Halios-Lewis

TITLE
Additional Non-Executive Director
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
03. Sep 19 Buy Naos Asset Management Limited Company 29. Aug 19 29. Aug 19 4,830,938 A$0.35 A$1,679,413
01. Mar 19 Buy Wentworth Williamson Management Pty Limited Company 28. Nov 18 28. Feb 19 2,188,581 A$0.27 A$590,916
X
Management checks
We assess BSA's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. BSA has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Do Directors Own BSA Limited (ASX:BSA) Shares?

Insider ownership is positive when it signals leadership are thinking like the true owners of the company. … However, high insider ownership can also give immense power to a small group within the company. … Private Company Ownership It seems that Private Companies own 6.7%, of the BSA stock.

Simply Wall St -

Should You Be Adding BSA (ASX:BSA) To Your Watchlist Today?

It makes me feel more secure owning shares in a company if insiders also own shares, thusly more closely aligning our interests. … That sort of growth is nothing short of eye-catching, and the large investment held by insiders certainly brightens my view of the company. … Of course, you can do well (sometimes) buying stocks that are not growing earnings and do not have insiders buying shares.

Simply Wall St -

Should BSA Limited (ASX:BSA) Focus On Improving This Fundamental Metric?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for BSA: 3.1% = AU$1.2m ÷ AU$39m (Based on the trailing twelve months to December 2018.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … In my book the highest quality companies have high return on equity, despite low debt. … If you would prefer check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

Simply Wall St -

Is BSA Limited's (ASX:BSA) CEO Paid At A Competitive Rate?

First, this article will compare CEO compensation with compensation at similar sized companies. … View our latest analysis for BSA How Does Nick Yates's Compensation Compare With Similar Sized Companies? … We examined the amount BSA Limited pays its CEO, and compared it to the amount paid by similar sized companies.

Simply Wall St -

If You Had Bought BSA (ASX:BSA) Stock Five Years Ago, You Could Pocket A 133% Gain Today

One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers). … So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return.

Simply Wall St -

Could The BSA Limited (ASX:BSA) Ownership Structure Tell Us Something Useful?

I generally like to see some degree of insider ownership, even if only a little. … Taking a look at our data on the ownership groups (below), it's seems that. … We can zoom in on the different ownership groups, to learn more about BSA

Simply Wall St -

Should You Be Worried About BSA Limited's (ASX:BSA) 3.1% Return On Equity?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Our data shows BSA has a return on equity of 3.1% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Why You Should Like BSA Limited’s (ASX:BSA) ROCE

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Is BSA Limited's (ASX:BSA) CEO Pay Justified?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Nick Yates's Compensation Compare With Similar Sized Companies. … According to our data, BSA Limited has a market capitalization of AU$124m, and pays its CEO total annual compensation worth AU$776k.

Simply Wall St -

Why I Like BSA Limited (ASX:BSA)

Help shape the future of investing tools and receive a $20 prize! … BSA Limited (ASX:BSA) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects.

Simply Wall St -

Company Info

Description

BSA Limited, together with its subsidiaries, operates as a technical services contracting company in Australia. It operates through BSA Connect, BSA Build, and BSA Maintain segments. The BSA Connect segment provides contracting services to the telecommunications, subscription television, and communication industries. Its services include the delivery of bundled services over fixed line multi-technology services and networks; and installation of subscription television. The BSA Build segment offers design and installation of building services for commercial and industrial buildings and infrastructure, such as mechanical and fire services. The BSA Maintain segment provides maintenance of building services for commercial and industrial buildings, including mechanical, air conditioning, heating and ventilation, refrigeration, and fire services. BSA Limited is based in Macquarie Park, Australia.

Details
Name: BSA Limited
BSA
Exchange: ASX
Founded:
A$170,644,026
432,010,194
Website: http://www.bsa.com.au
Address: BSA Limited
3 Thomas Holt Drive,
Level 7,
Macquarie Park,
New South Wales, 2113,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX BSA Ordinary Shares Australian Securities Exchange AU AUD 15. Nov 1999
CHIA BSA Ordinary Shares Chi-X Australia AU AUD 15. Nov 1999
Number of employees
Current staff
Staff numbers
0
BSA employees.
Industry
Diversified Support Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/15 10:31
End of day share price update: 2019/11/15 00:00
Last estimates confirmation: 2019/09/09
Last earnings filing: 2019/08/19
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.