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Bhagwan Marine Limited (BWN.AX)

AUD0.31 -0.01 (-1.59%)
AU ASX Industrials Marine Shipping
Address Level 3 6000
Perth, WA, AU
CEO Loui Kannikoski
Website bhagwanmarine.com
IPO 2007-02-15
ISIN AU0000340663

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Description

An Australian company founded in 1985 and headquartered in Perth, Bhagwan Marine Limited is a leading operator of marine vessels. With a substantial fleet of approximately 95 ships, the company delivers essential maritime services to a wide array of sectors across Australia, including offshore oil and gas, subsea, port operations, civil construction, renewable energy, and defense. Its comprehensive service offerings encompass support for exploration, development, and production activities within the offshore energy industry; specialized harbor towage and anchor handling tug supply vessel provision; geotechnical and survey support; and the construction and maintenance of marine infrastructure such as bridges, ports, and jetties. Furthermore, Bhagwan Marine provides advanced subsea capabilities, including inspection, maintenance, repair, asset integrity management, and life extension services for subsea assets, alongside the operation of remote operated vehicles and commercial diving. The company also undertakes decommissioning and light construction projects, offering a full spectrum of engineering and logistical solutions.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
AUD0.31 -0.01 (-1.59%)
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Volume Profile
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Liquidity & share structure
Average Volume
1M
Beta
0.71
Float Shares
72.61M
Free Float %
26.4%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.67% -1.61% -19.74% -33.70% -32.22% -35.79% -39.00% -51.97% -51.97% -51.97% -51.97%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
0.31
DCF (Unlevered) 8.73 +2,715.5%
DCF (Levered) 0.79 +156.3%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 1 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
5 / 5
High
ROE Score
2 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
2 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • ✗
    Revenue growth Marine Shipping: +2.8%
    +4.9% ★
  • ✓
    EPS growth Marine Shipping: -1.4%
    +122.8% ★
  • ✓
    FCF margin FCF growth · Marine Shipping: +26.4%
    +4.4% Q4'25: +11.0%
  • ✗
    EBIT margin Marine Shipping: +23.2%
    +8.0% Q4'25: +4.9%
  • ✗
    ROIC Marine Shipping: +6.9%
    +6.7% Q4'25: +6.4%
  • ✗
    Share dilution Marine Shipping: +0.0%
    +0.7%
  • ✓
    Debt / EBITDA Net debt/EBITDA · Marine Shipping: 1.05×
    1.31× ★ Q4'25: 1.09×
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.74) × ERP
WACC = 56% × Ke + 44% × Kd (4.8%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 8.73 Current price: 0.31
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Jun 2024
actual 		Jun 2025
actual 		Jun 2026
2 Rev. Ana.
2 EPS Ana. 		Jun 2027
2 Rev. Ana.
2 EPS Ana. 		Jun 2028
2 Rev. Ana.
2 EPS Ana. 		Jun 2029
1 Rev. Ana.
1 EPS Ana. 		Jun 2030
1 Rev. Ana.
1 EPS Ana.
Revenue
269.84M
est: 265.20M (+1.7%)
283.04M
est: 282.42M (+0.2%)
232.38M
225.73M – 239.02M
-17.7% YoY
307.58M
296.89M – 318.27M
+32.4% YoY
341.35M
340.05M – 342.65M
+11.0% YoY
378.90M
366.74M – 391.06M
+11.0% YoY
373.00M
361.03M – 384.97M
-1.6% YoY
EBITDA
32.50M
est: 47.67M (-31.8%)
50.58M
est: 50.76M (-0.4%)
41.77M
40.57M – 42.96M
-17.7% YoY
55.28M
53.36M – 57.21M
+32.4% YoY
61.36M
61.12M – 61.59M
+11.0% YoY
68.10M
65.92M – 70.29M
+11.0% YoY
67.04M
64.89M – 69.20M
-1.6% YoY
EBIT
8.94M
est: 17.51M (-49.0%)
22.51M
est: 18.65M (+20.7%)
15.35M
14.91M – 15.78M
-17.7% YoY
20.31M
19.61M – 21.02M
+32.4% YoY
22.54M
22.46M – 22.63M
+11.0% YoY
25.02M
24.22M – 25.83M
+11.0% YoY
24.63M
23.84M – 25.42M
-1.6% YoY
Net Income
5.55M
est: 10.53M (-47.3%)
12.49M
est: 14.80M (-15.6%)
4.73M
4.63M – 4.84M
-68.0% YoY
10.31M
10.15M – 10.47M
+117.8% YoY
11.28M
10.75M – 11.81M
+9.4% YoY
17.72M
16.98M – 18.46M
+57.1% YoY
23.46M
22.48M – 24.44M
+32.4% YoY
SGA
117.18M
est: 74.42M (+57.5%)
128.49M
est: 79.25M (+62.1%)
65.21M
63.34M – 67.07M
-17.7% YoY
86.31M
83.31M – 89.31M
+32.4% YoY
95.79M
95.42M – 96.15M
+11.0% YoY
106.32M
102.91M – 109.73M
+11.0% YoY
104.67M
101.31M – 108.03M
-1.6% YoY
EPS
0.02
est: 0.04 (-46.8%)
0.05
est: 0.05 (-15.8%)
0.02
0.02 – 0.02
-68.0% YoY
0.04
0.04 – 0.04
+117.9% YoY
0.04
0.04 – 0.04
+9.4% YoY
0.06
0.06 – 0.07
+57.1% YoY
0.08
0.08 – 0.09
+32.4% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B+ 3/5 5/5 2/5 3/5 2/5 3/5 4/5
2026-05-28 B+ 3/5 5/5 2/5 3/5 2/5 3/5 4/5
2026-05-27 B+ 3/5 5/5 2/5 3/5 2/5 3/5 4/5
2026-05-26 B+ 3/5 5/5 2/5 3/5 2/5 3/5 4/5
2026-05-25 B+ 3/5 5/5 2/5 3/5 2/5 3/5 4/5
2026-05-22 B+ 3/5 5/5 2/5 3/5 2/5 3/5 4/5
2026-05-21 B+ 3/5 5/5 2/5 3/5 2/5 3/5 4/5
2026-05-20 B+ 3/5 5/5 2/5 3/5 2/5 3/5 4/5
2026-05-19 B+ 3/5 5/5 2/5 3/5 2/5 3/5 4/5
2026-05-18 B+ 3/5 5/5 2/5 3/5 2/5 3/5 4/5
2026-05-15 B+ 3/5 5/5 2/5 3/5 2/5 3/5 4/5
2026-05-14 B+ 3/5 5/5 2/5 3/5 2/5 3/5 4/5
2026-05-13 B+ 3/5 5/5 2/5 3/5 2/5 3/5 4/5
2026-05-12 B+ 3/5 5/5 2/5 3/5 2/5 3/5 4/5
2026-05-11 A- 4/5 5/5 2/5 3/5 2/5 3/5 5/5
2026-05-08 A- 4/5 5/5 2/5 3/5 2/5 3/5 5/5
2026-05-07 A- 4/5 5/5 2/5 3/5 2/5 3/5 5/5
2026-05-06 A- 4/5 5/5 2/5 3/5 2/5 3/5 5/5
2026-05-05 A- 4/5 5/5 2/5 3/5 2/5 3/5 5/5
2026-05-04 A- 4/5 5/5 2/5 3/5 2/5 3/5 5/5
2026-05-01 A- 4/5 5/5 2/5 4/5 2/5 3/5 5/5
2026-04-30 A- 4/5 5/5 2/5 4/5 2/5 3/5 5/5
2026-04-29 A- 4/5 5/5 2/5 4/5 1/5 3/5 5/5
2026-04-28 A- 4/5 5/5 2/5 4/5 1/5 3/5 5/5
2026-04-27 B+ 3/5 4/5 2/5 4/5 1/5 3/5 4/5
2026-04-24 B+ 3/5 4/5 2/5 4/5 1/5 3/5 4/5
2026-04-23 B+ 3/5 4/5 2/5 4/5 1/5 3/5 4/5
2026-04-22 B+ 3/5 4/5 2/5 4/5 1/5 3/5 4/5
2026-04-21 B+ 3/5 4/5 2/5 4/5 1/5 3/5 4/5
2026-04-20 B+ 3/5 4/5 2/5 4/5 1/5 3/5 4/5
2026-04-17 B+ 3/5 4/5 2/5 4/5 1/5 3/5 4/5
2026-04-16 B+ 3/5 4/5 2/5 4/5 1/5 3/5 4/5
Ownership data is not available for this company yet.

Executive team

Top executives
EBIT / Employee
132.4K
Shares Outstanding
275.51M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Loui Kannikoski Founder, Chief Executive Officer, MD & Director 849.0K male
Andrew Wackett FCPA Executive Director of Finance & Director 576.0K male
Mark Annand Chief Operating Officer 394.7K male
Cheryl Williams Chief Financial Officer & Joint Company Secretary 299.1K female
Kerren Kannikoski General Manager of Corporate Services 287.1K female
Janine Sirgel Financial Controller — —
Kevin Clifford General Manager of Operations East Coast — —
Darryl Edwards Joint Company Secretary — male
Andy Cowan General Manager of QHSE — —
Peter Carmichael General Manager of West Coast Operations — —
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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