Black Cat Syndicate (BC8)

BC8 $0.58

20 minute delayed

Today ▼ -4.96%

1 year return ▼ -40.41%

Volume 6,446,116

Div yield —

PE ratio 4.87

52 week range

0.56 1.66

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Performance

Share price activity

Last (Price): 0.58
Change: ▼ -0.03 (-4.96)
Bid / Ask: 0.57 - 0.58
Volume: 6,446,116
Turnover: 3,675,336
Open: 0.60
Day Range: 0.56 - 0.60
VWAP: 0.57
Prev Close: 0.61
Last Trade: 30/10 4:10pm

Key information

Sector: Basic Materials
Shares Issued: 728,979,698
NTA/Share: 0.50
Last Dividend: —
Dividend Ex Date: —
Dividend Pay Date: —

Current (AUD) · FY2026

Revenue: 374.29
EBITDA: 182.51
Profit: 86.46
Earnings Per Share (EPS): 0.12
Dividend Per Share (DPS): —
Yield %: 0.00
Market Cap: 419.16
Price to Earnings Ratio (P/E): 4.87

Quantitative rating

Undervalued

Economic Moat: None
Financial Health: Moderate
Uncertainty: High

Morningstar Quantitative Rating as of 23 OCT 2026.

Quantitative Equity Rating Methodology – view here

Fair value estimate

Five-star price 0.43 Fair value 0.68 One-star price 1.08

Morningstar Quantitative Rating as of 23 OCT 2026.

Quantitative valuation

Buy Sell

Fair Value: 0.68
Price / Fair Value: 0.86
Valuation: Undervalued
Uncertainty: High

Morningstar Quantitative Rating as of 23 OCT 2026. The slider runs from the five-star price (0.43) to the one-star price (1.08).

Ratios
Currency (Price/reporting): AUD/AUD
Exchange Rate: 1.0000

Price - closing or last bid	0.59
Price - 12 month high	1.66
Price - 12 month low	0.57
Pricing date	22 OCT 2026
Volume - avg. trading volume for the last ten days	3.31
Market capitalization	426.45
12 Month High price date	2 MAR 2026
12 Month Low price date	23 OCT 2026
Volume - avg. trading volume for the last 3 months	3.99
Price - 1 Day % Change	-15.83%
Price - 13 week price percent change	-36.76%
Price - 26 week price percent change	-55.68%
Price - 5 Day % Change	-12.69%
Price - 52 week price percent change	-50.21%
Price - YTD price percent change	-52.82%
Price % Change Month To Date	-43.48%

EPS excluding extraordinary items - most recent fiscal year	0.118
EPS excluding extraordinary items - trailing 12 month	0.118
EPS Normalized - most recent fiscal year	0.121
Revenue/share - most recent fiscal year	0.511
Revenue/share - trailing 12 month	0.511
Book value per share - most recent fiscal year	0.504
Book value per share - most recent half-year	0.504
Book value (tangible) per share - most recent fiscal year	0.504
Book value (tangible) per share - most recent half-year	0.504
Cash per share - most recent fiscal year	0.101
Cash per share - most recent half-year	0.101
Cash Flow per share - most recent fiscal year	0.308
Cash Flow per share - trailing 12 month	0.308
Dividend per share - most recent fiscal year	—
Dividends per share - trailing 12 month	0.000
EBITD per share - trailing 12 month	0.249
EPS Basic excluding extraordinary items - most recent fiscal year	0.120
EPS Basic excluding extraordinary items - trailing 12 month	0.120
EPS including extraordinary items - most recent fiscal year	0.120
EPS including extraordinary items - trailing 12 month	0.120
Free Cash Flow per share - trailing 12 month	0.088

P/E excluding extraordinary items, most recent fiscal year	4.96
P/E Normalized, most recent fiscal year	4.84
Price to sales - most recent fiscal year	1.15
Price to Tangible Book - most fiscal year	1.16
Price to Free Cash Flow per Share - most recent fiscal year	6.62
Price to Cash Flow per share - trailing 12 month	1.90
Price to Book - most recent fiscal year	1.16
P/E excluding extraordinary items high, trailing 12 months	72.27
P/E excluding extraordinary items low, trailing 12 months	4.96
Net Debt, LFI	-32.11
Net Debt, LFY	-54.08
Dividend Yield - 5 Year Average	—
Dividend Yield - indicated annual dividend divided by closing price	—
Current Dividend Yield - Common Stock Primary Issue, LTM	0.00%

Free Cash Flow - most recent fiscal year	64.73
LT debt/equity - most recent fiscal year	2.62%
Payout ratio - most recent fiscal year	—
Total debt/total equity - most recent fiscal year	5.34%
LT debt/equity - most recent half-year	4.22%
Total debt/total equity - most recent half-year	7.01%
Free Cash Flow - trailing 12 month	64.73
Payout ratio - trailing 12 month	—

Revenue - most recent fiscal year	374.29
Revenue - trailing 12 month	374.29
EBITD - most recent fiscal year	182.51
EBITD - trailing 12 month	182.51
Earnings before taxes - most recent fiscal year	117.60
Earnings before taxes - trailing 12 month	117.60
Net Income available to common - most recent fiscal year	86.46
Net Income available to common - trailing 12 months	86.46
Earnings before taxes Normalized - most recent fiscal year	120.37
Net Income Available to Common, Normalized - most recent fiscal year	—
Earnings per Share, Normalized, Excluding Extraordinary Items, Avg. Diluted Shares Outstanding, TTM	0.12

Net Profit Margin % - 1st historical fiscal year	23.10%
Net Profit Margin % - trailing 12 month	23.10%
Operating margin - 1st historical fiscal year	31.80%
Operating margin - trailing 12 month	31.80%
Pretax margin - trailing 12 month	31.42%
Pretax margin - 1st historical fiscal year	31.42%
Operating Margin - 5 year average	—
Pretax Margin - 5 year average	—
Free Operating Cash Flow/Revenue, 5 Year Average	—
Free Operating Cash Flow/Revenue, TTM	17.29%
Net Profit Margin - 5 year average	—

Return on average assets - most recent fiscal year	19.77%
Return on average assets - trailing 12 month	19.77%
Return on average equity - most recent fiscal year	27.28%
Return on average equity - trailing 12 month	27.28%
Return on average assets - 5 year average	-0.50%
Return on average equity - 5 year average	-0.49%
Net Income/employee - most recent fiscal year	—
Revenue/employee - most recent fiscal year	—

Revenue growth rate, 5 year	—
EPS growth rate, 5 year	—
Growth rate% - dividend, 3 year	—
Revenue/share (5 yr growth)	—
Growth rate% - Revenue, 3 year	—
Growth rate% - EPS, 3 year	—
Book value per share growth rate, 5 year	8.98%
Capital Spending growth rate, 5 year	63.30%
Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR	—

Financial forecast (AUD, millions except per share)

No consensus estimates are available for this company.

Financials (AUD, millions)

Period end:	JUN 22	JUN 23	JUN 24	JUN 25	JUN 26
Fiscal year:	2022	2023	2024	2025	2026
Period length:	12 months	12 months	12 months	12 months	12 months

Announcements

DATE	TIME	HEADING	PAGES
		Price sensitive BC8

Opinion

26/04/2023 09:07

Black Cat (BC8) 44.5c

We continue to like gold over the medium term and are keen buyers of pullbacks in the space, particularly given the pick-up in M&A that supports equity prices. One explorer we are particularly interested in is Black Cat which has three development projects in WA. The main asset, Paulsens, was seeing production of ~75koz of gold per annum before being put on care and maintenance 6 years ago. Since then, a drilling program has continued to increase the size of the resource with a further upgrade expected within the next 6 weeks. Despite the low-risk restart of Paulsens, Black Cat trades on a ~40% discount to peers on an EV/Resource multiple with incremental updates supporting shares.

Business Summary

Black Cat Syndicate Ltd is a mining company. It focuses on the exploration and development of the goldfield project. The Group has identified three reportable segments of its business: Paulsens Gold Project, Kal East Gold Project, and Corporate and Projects. The company is engaged in the exploration and development of the Bulong Gold Field project located to the east of Kalgoorlie. The company's projects include the Kal East Gold Project, Coyote Gold Operation, and Paulsen'sGold Operation.