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General Information

Boart Longyear Limited
Construction & Engineering

Current Price Data+

Current Price Open High Low Last Close Volume Price Movement
$0.12 $0.12 $0.12 $0.12 $0.12 62000 - ( No change )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Current Broker Consensus Recommendation

Strong Buy

Company Overview

Business Description
Boart Longyear Limited (BLY) is a provider of mineral exploration drilling services, drilling equipment and performance tooling for the global mining industry. BLY operates in two main divisions which are drilling services and drilling products.
Strategy Analysis
Organic growth for drilling services is leveraged to the commodities growth cycle which is volatile and cyclical. The Global Products business has been rationalized with the closure of some facilities, which has improved manufacturing margins. Long term success depends on successful diversification away from minerals exploration and into other growth areas such as environmental and infrastructure drilling. Boart Longyear reported NPAT down 57.4% to US$68.16m for the year ended 31 December 2012. Revenues from ordinary activities were US$2.01bn, down 0.4% from last year. Diluted EPS was 14.8 US cents compared to 34.8 US cents last year. Net operating cash flow was US$64.21m compared to US$197.7m last year. The final dividend declared was 1.0 US cent, taking the full year dividend to 7.4 US cents compared with 10.4 cents last year.

Financial Summary

Year to Dec NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2014 A -270.4 -57.6 0.0% 0.0 0.0 0.0% 0.0%
2013 A -105.4 -23.2 0.0% 0.0 0.0 0.0% 0.0%
2012 A 65.6 14.3 -58.4% 19.2 7.1 2.6% 17.7%

Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2012 A 2013 F 2014 F 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F
Boart Longyear (BLY) $112M 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.00% 0.00% 0.00%
Cardno (CDD) $462M -0.0527 -0.3853 -0.1247 5.5127 8.9682 10.2461 12.90% 5.38% 5.82%
CIMIC Group (CIM) $8,016M 0.0000 0.0000 0.0827 0.0000 16.7102 15.4337 5.28% 3.82% 3.89%
Monadelphous (MND) $815M -0.1184 -0.2299 -0.1920 5.8135 7.5495 9.3436 14.07% 10.39% 9.63%
UGL (UGL) $356M -0.1853 -0.5282 -0.0498 4.7471 10.0611 10.5888 0.00% 0.00% 0.79%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.00 0.00 0.85 0.00
Market 0.89 16.40 1.32 1.33
Sector 0.61 9.84 0.71 0.22


Name Position Start Date
Mr Richard T O'Brien Chief Executive Officer, President, Executive Director 21/05/2013
Mr Marcus P Randolph Non-Executive Chairman, Non-Executive Director 25/02/2015
Mr William Peter Day Non-Executive Director 25/02/2014
Mr Rex McLennan Non-Executive Director 24/08/2013
Lord Jonathan Lewinsohn Non-Executive Director 23/10/2014
Mr Conor S Tochilin Non-Executive Director 18/12/2014
Mr Bret Clayton Non-Executive Director 25/02/2015


Name Position
Jeffrey Olsen Chief Financial Officer
Paul Blewett Company Secretary
Fabrizio Rasetti Company Secretary

Substantial Shareholders

Holding Name
464,501,606 (49.90%) Centrebridge Special Credit Partners and other entities

Calendar of Events

Date Event
21 April 2016 Report (Annual)
22 February 2016 Report (Prelim)
25 August 2015 Report (Interim)
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