AlphaValue Corporate Services Fundamental Analysis FR
Back to
AlphaValue Corporate Services
This research has been commissioned and paid for by the company and is deemed to constitute an acceptable minor non-monetary benefit as defined in MiFID II

Blackstone Resources

Bloomberg   BLS SW
Batteries-Battery Sys  /  Switzerland  Web Site   |   Investors Relation
Banking on big-bang battery technology initiatives
EPS change18/05/2021

Better-than-expected results; battery R&D progress continues unabated

Change in EPS2021 : CHF -0.20 vs 0.27ns
2022 : CHF 0.08 vs 0.84-90.4%

With the near term still focused on battery R&D and development / kick-start of respective divisions, the earnings / cash flow metrics are likely to remain restrained. Hence, our earnings estimates reset materially lower.

Change in Target PriceCHF 12.1 vs 12.7-4.61%

Bulk of Blackstone Resources’ value lies in the long term – which also reflects in a material NAV upside. Hence, our positive stock recommendation is maintained. This view is backed by a series of battery R&D milestones and financing arrangements since mid-2020.

Upside 339%
Price (CHF) 2.66
Market Cap (CHFM) 114
Perf. 1W: 11.8%
Perf. 1M: -6.34%
Perf. 3M: -25.3%
Perf Ytd: 23.1%
10 day relative perf. to stoxx600: 0.56%
20 day relative perf. to stoxx600: -9.00%