Bulletin Resources Limited

A$0.03As of Sun 8 Nov 2026, 12:00 UTC

ASX:BNRMaterials

Country Australia

PE (Fwd) •••

TSR 10Y CAGR 0.50%

Div yield —

ROE (4.19%)

Gold

Beta (5Y) 0.45

PE TTM —

TSR TTM (50.00%)

Mkt cap A$7.634M

ROIC (6.56%)

SE Grade™

Value

Quality

Moat

Consensus

Reference

$0.0295

13.51%

6.54%

Buy 5|0|7|1|5

TTM

FYE 30 Jun AUD

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026

FY2027E

Trend

5Y

10Y

Peers

1.028

Revenue$M

0.992

1.081

1.169

1.256

1.338

1.435

1.520

1.631

1.747

1.900

1.057

7.27%

7.32%

43

8.76

Revenue growth%

5.26

7.86

5.29

6.24

5.37

3.22

1.60

4.12

6.43

4.05

29.20

4.05

5.28

70

11.33

Gross margin%

15.53

17.97

18.62

16.40

16.24

15.27

15.72

15.85

18.00

15.88

4.36

15.85

16.06

6

18.98

Operating margin%

22.23

25.08

26.32

24.81

25.84

28.35

27.48

28.87

27.10

24.56

22.76

27.48

26.08

19

14.10

Net margin%

15.45

17.68

16.04

15.34

17.89

18.91

17.89

18.60

17.71

18.41

6.36

18.41

17.80

89

34.60

P/E ratio (avg)x

11.13

9.918

10.79

11.82

10.63

11.58

11.96

10.54

11.05

11.68

25.26

11.58

11.09

20

19.61

EV/EBITx

19.63

19.84

21.15

23.85

25.68

28.93

29.61

30.66

32.80

37.38

30.43

30.66

27.30

15

18.39

FCF yield (avg)%

22.19

24.38

21.61

23.51

25.97

23.59

21.00

18.76

20.65

20.74

9.76

20.74

21.90

36

27.16

FCF margin%

2.03

1.98

4.21

2.73

1.09

0.40

0.80

0.40

0.63

3.24

26.48

0.63

1.53

6

1.519

FCF / Net incomex

1.412

1.571

1.779

1.793

1.702

1.674

1.755

2.001

2.044

2.140

0.298

2.001

1.767

20

10.35

ROIC%

31.55

31.07

28.43

30.36

27.46

29.85

27.60

25.78

24.76

25.37

7.73

25.78

28.02

17

14.92

Return on equity%

16.24

15.17

16.85

15.31

16.91

15.40

12.99

14.22

16.81

14.35

5.71

14.35

15.35

10

5.89

Return on assets%

8.52

8.52

6.87

9.34

10.30

11.72

13.32

12.60

11.95

13.95

29.04

12.60

11.01

48

—

EPS$

—

—

—

—

—

—

—

—

—

—

—

(0.32%)

2.92%

—

7.60

EPS growth%

19.65

21.25

21.22

18.35

19.17

18.87

17.52

19.74

19.55

18.52

12.57

18.87

19.36

32

—

Bookvalue per sh$

—

—

—

—

—

—

—

—

—

—

—

5.50%

7.51%

—

—

FCF per share$

—

—

—

—

—

—

—

—

—

—

—

9.29%

9.70%

—

—

Dividend per sh$

—

—

—

—

—

—

—

—

—

—

—

(6.45%)

(8.40%)

—

20.99

Div yield (avg)%

25.92

28.47

31.43

34.07

35.17

32.49

32.57

31.64

32.96

34.76

10.31

32.57

32.53

48

23.48

Payout ratio%

3.00

5.16

6.83

5.27

3.34

1.84

0.40

1.64

3.04

1.60

25.65

1.64

3.02

66

289.1

Shares (diluted)M

410.1

395.4

445.8

441.7

500.9

542.5

591.1

660.6

746.6

750.0

289.7

8.41%

6.92%

92

2.75

Buyback yield%

15.32

12.95

12.58

9.91

12.86

10.84

11.67

12.60

12.77

14.93

2.96

12.60

12.69

77

1.432

D/E ratiox

1.232

1.166

1.150

1.203

1.295

1.396

1.574

1.760

1.657

1.666

1.238

1.657

1.345

37

0.915

Enterprise value$M

0.633

0.574

0.533

0.502

0.475

0.438

0.475

0.458

0.414

0.376

0.516

(4.60%)

(6.00%)

77

1.770

LT debt$M

0.409

0.374

0.348

0.380

0.348

0.379

0.365

0.368

0.378

0.419

1.209

3.80%

0.40%

19

Peers (US$5.243M)

Cap (US$)

PE

Minerals Exploration…

5.274M

—

Riedel Resources…

5.195M

—

Iceni Gold Limited

5.145M

—

Opawica Explorations…

5.224M

—

Capital

TTM

5Y

10Y

Leveragex

0.933

0.042

0.038

EBIT/Intx

10.14

0.531

0.402

Own earn%

28.11

126.84

95.34

Sh yield%

23.74

44.24

44.12

Owners

Insiders/Inst%

13.27

81.46

Short interest%

5.71

SBC / revenue%

3.24

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

20

Op margin range%

22–29

$1 testx

−0.1

Incr. ROIC%

10

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

$1.900M

7.32%

1.00×

Cost of revenue

$1.330M

7.32%

1.00×

Operating expenses

$0.333M

8.00%

1.07×