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

CR
Bloomberg   BLS SW
Batteries-Battery Sys  /  Switzerland  Web Site   |   Investors Relation
Banking on big-bang battery technology initiatives
Pros
  • Blackstone Resources is investing heavily in next-gen, i.e. solid-state battery technology and 3D-printed mass production, thereby moving up the (battery) metal value chain
  • Ownership of key materials (like manganese, cobalt, lithium and nickel) is a good start to battery initiatives at the R&D stage
  • Monetisation (even if partial) of owned assets should somewhat limit the dependence on external borrowings
Cons
  • Battery materials and manufacturing are challenging ventures facing a host of technological and financial hurdles
  • Blackstone Resources is not cash generative and faces high execution risks across its businesses; the funding bet is on German R&D subsidies
Updates
11/05/22 LatestUpdate on preliminary 2021 results
04/05/22 RegulationCoverage suspension following Finma co...
25/01/22 EPSWhile underlying operating profit metrics ...
25/01/22 NAVThe NAV valuation benefits from cash pr...
25/01/22 DCFThe DCF valuation benefits from cash pr...
30/11/21 TargetThe material upside on the stock has bee...
30/11/21 EPSTaking on board the firm’s revised busine...
01/10/21 EarningsBattery progress again overshadows ope...
18/05/21 EarningsBetter-than-expected results; battery R&...
18/05/21 TargetBulk of Blackstone Resources’ value lies ...
18/05/21 EPSWith the near term still focused on batter...
18/01/21 StrategyAll focus shifts to the battery promise
18/01/21 EPSNear-term performance estimates (partic...
18/01/21 NAVBattery’s valuation has been re-assessed...
18/01/21 DCFConsidering the battery R&D progress, th...
22/10/20 TargetBesides the battery R&D progress, the gr...
22/10/20 EPSGiven the delayed start (due to COVID-1...
22/10/20 NAVTaking on board the recent R&D breakthr...
05/10/20 EarningsH1 benefited from asset disposal gains
25/08/20 LatestImportant battery R&D progress
25/08/20OpinionBuy vs Reduce
25/08/20OpinionBuy vs Reduce
25/08/20 TargetEven the relative valuation metrics benefi...
25/08/20 NAVTaking on board the R&D breakthrough i...
25/08/20 DCFWhile the near-term cash flow situation r...
24/06/20 EPSWhile prevalent macro headwinds result i...
04/05/20 EarningsBetter-than-expected results
14/01/20 An intriguing battery (materials) play, alt...
Target
Upside 1,491%
Price (CHF) 0.75
Market Cap (CHFM) 32.0
Perf. 1W: -6.83%
Perf. 1M: -39.5%
Perf. 3M: -63.6%
Perf Ytd: -73.8%
10 day relative perf. to stoxx600: -14.0%
20 day relative perf. to stoxx600: -29.7%