# Baker Steel Resources Trust (BSRT.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Basic Materials. Price 143p, market value 150 millionp.

## Valuation
- **P/E (trailing): 3.0×** (5-yr avg 2232.4×, 3-yr avg 299.8×). Baker Steel Resources Trust trades at 3.0× trailing earnings, well below its own five-year average of 2232.4×: cheap by its own standards. The Basic Materials median in the September 2026 study was 19.0×.
- **Price / sales: 11.4×**. Each dollar of revenue is priced at 11.4×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 1.0×**. The shares trade at 1.0× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 2.3×**. Enterprise value is 2.3× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: -1.3%** (5-yr avg -0.0%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 33.0%**. The inverse of the P/E: 33.0% of the price is earned each year.

## Profitability
- **Gross margin: 89.8%**. Baker Steel Resources Trust keeps 89.8% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 483.5%**. 483.5% of revenue is left after running the business, an exceptional level.
- **Return on equity: 34.6%**. 34.6% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 44.9%**. Return on all capital, debt included, is 44.9%: comfortably above what that capital costs.
- **Return on assets: 43.6%**. Each dollar of assets produces 43.6% of profit.

## Growth
- **EPS growth (1 yr): 261.5%** (5-yr 15.4%/yr). Earnings per share rose 261.5%.

## Financial health
- **Debt to equity: 0.00**. Debt is 0.00 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Baker Steel Resources Trust holds more cash than debt.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Baker Steel Resources Trust does not currently pay a dividend.

## Price and momentum
- **Total return (1 yr): 111.3%** (YTD 80.6%, 3-mo 5.7%). The shares are up 111.3% over twelve months including dividends.
- **From 52-week high: -0.3%** (122.8% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 58**. An RSI of 58 is neutral.
- **Beta (1 yr): 0.49** (volatility 37%). Beta of 0.49 against the FTSE All-Share: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=BSRT.L · Page: https://foliofundamentals.com/stocks/bsrt.l

Not investment advice.