Calima Energy Valuation

Q: What is the Fair Price of CE1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

CE1 (A$0.01) is trading below our estimate of [[fair value]] (A$0.1)

Is CE1 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CE1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CE1 (A$0.01) is trading below our estimate of fair value (A$0.1)

Significantly Below Fair Value: CE1 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CE1?

Key metric: As CE1 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for CE1. This is calculated by dividing CE1's market cap by their current revenue.
What is CE1's PS Ratio?
PS Ratio	2.4x
Sales	AU$2.30m
Market Cap	AU$5.57m

CE1 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does CE1's PS Ratio compare to its peers?

The above table shows the PS ratio for CE1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	8.9x
GGE Grand Gulf Energy	13.5x	n/a	AU$7.4m
AXP AXP Energy	8.8x	n/a	AU$8.7m
LIO Lion Energy	9.3x	n/a	AU$9.2m
BUY Bounty Oil & Gas	4.1x	n/a	AU$6.7m
CE1 Calima Energy	2.4x	n/a	AU$5.6m

Price-To-Sales vs Peers: CE1 is good value based on its Price-To-Sales Ratio (2.4x) compared to the peer average (10.1x).

Price to Sales Ratio vs Industry

How does CE1's PS Ratio compare vs other companies in the AU Oil and Gas Industry?

36 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	5.2x	6.7%
CE1 Calima Energy	2.4x	n/a	US$3.85m
WDS Woodside Energy Group	2.5x	1.5%	US$30.93b
STO Santos	2.6x	8.2%	US$14.58b

36 Companies		Estimated Growth	Market Cap
Industry Avg.	5.2x	7.1%
CE1 Calima Energy	2.4x	n/a	US$3.85m

No more companies

Price-To-Sales vs Industry: CE1 is good value based on its Price-To-Sales Ratio (2.4x) compared to the Australian Oil and Gas industry average (6.3x).

Price to Sales Ratio vs Fair Ratio

What is CE1's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CE1 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	2.4x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate CE1's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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