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CVN

Carnarvon Energy ASX:CVN Stock Report

Last Price

AU$0.20

Market Cap

AU$351.0m

7D

-4.9%

1Y

-22.0%

Updated

26 Jun, 2022

Data

Company Financials +
CVN fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance0/6
Financial Health6/6
Dividends0/6

CVN Stock Overview

Carnarvon Energy Limited explores for, develops, and produces oil and gas in Australia.

Carnarvon Energy Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Carnarvon Energy
Historical stock prices
Current Share PriceAU$0.20
52 Week HighAU$0.43
52 Week LowAU$0.18
Beta2.24
1 Month Change-15.22%
3 Month Change-40.91%
1 Year Change-22.00%
3 Year Change-67.50%
5 Year Change146.84%
Change since IPO-91.88%

Recent News & Updates

Jun 15
We're Not Very Worried About Carnarvon Energy's (ASX:CVN) Cash Burn Rate

We're Not Very Worried About Carnarvon Energy's (ASX:CVN) Cash Burn Rate

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...

Shareholder Returns

CVNAU Oil and GasAU Market
7D-4.9%-4.7%1.4%
1Y-22.0%21.3%-11.3%

Return vs Industry: CVN underperformed the Australian Oil and Gas industry which returned 21.3% over the past year.

Return vs Market: CVN underperformed the Australian Market which returned -11.3% over the past year.

Price Volatility

Is CVN's price volatile compared to industry and market?
CVN volatility
CVN Average Weekly Movement9.7%
Oil and Gas Industry Average Movement11.5%
Market Average Movement9.7%
10% most volatile stocks in AU Market16.3%
10% least volatile stocks in AU Market4.2%

Stable Share Price: CVN is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: CVN's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1983n/aAdrian Cookhttps://www.carnarvon.com.au

Carnarvon Energy Limited explores for, develops, and produces oil and gas in Australia. The company owns interests in the Dorado project located in the Bedout Sub-basin permits of Western Australia; the Buffalo project located in the Bonaparte Basin; and the Labyrinth project located in the Roebuck Basin in the North West Shelf of Western Australia. It also holds interests in the Taurus project located in the North West Shelf of Western Australia; the Condor and Eagle projects located in the Vulcan sub basin in the Bonaparte basin; and the Outtrim project located in the Barrow sub-basin within the Carnarvon basin of the North West Shelf of Australia.

Carnarvon Energy Fundamentals Summary

How do Carnarvon Energy's earnings and revenue compare to its market cap?
CVN fundamental statistics
Market CapAU$351.04m
Earnings (TTM)-AU$22.43m
Revenue (TTM)n/a

0.0x

P/S Ratio

-15.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CVN income statement (TTM)
RevenueAU$0
Cost of RevenueAU$1.98m
Gross Profit-AU$1.98m
Other ExpensesAU$20.45m
Earnings-AU$22.43m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.012
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0%

How did CVN perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

CVN 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/Revenuen/a
Enterprise Value/EBITDA-46.2x
PEG Ration/a

Price to Book Ratio vs Peers

How does CVN's PB Ratio compare to its peers?

CVN PB Ratio vs Peers
The above table shows the PB ratio for CVN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average12.5x
NWE Norwest Energy
34.2x-56.6%AU$268.3m
COE Cooper Energy
1.5x40.9%AU$474.1m
STX Strike Energy
4.3x5.9%AU$519.0m
MAY Melbana Energy
9.8xn/aAU$227.3m
CVN Carnarvon Energy
1.7x137.7%AU$351.0m

Price-To-Book vs Peers: CVN is good value based on its Price-To-Book Ratio (1.7x) compared to the peer average (12.5x).


Price to Earnings Ratio vs Industry

How does CVN's PE Ratio compare vs other companies in the Australian Oil and Gas Industry?

Price-To-Book vs Industry: CVN is good value based on its Price-To-Book Ratio (1.7x) compared to the Australian Oil and Gas industry average (1.7x)


Price to Book Ratio vs Fair Ratio

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

CVN PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio1.7x
Fair PB Ration/a

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


Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate CVN's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate CVN's fair value for valuation analysis.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CVN's PEG Ratio to determine if it is good value.


Discover undervalued companies

Future Growth

How is Carnarvon Energy forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


137.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CVN is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.8%).

Earnings vs Market: CVN is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: CVN is expected to become profitable in the next 3 years.

Revenue vs Market: CVN's revenue (158% per year) is forecast to grow faster than the Australian market (5.2% per year).

High Growth Revenue: CVN's revenue (158% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CVN's Return on Equity is forecast to be low in 3 years time (6.8%).


Discover growth companies

Past Performance

How has Carnarvon Energy performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


46.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CVN is currently unprofitable.

Growing Profit Margin: CVN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CVN is unprofitable, but has reduced losses over the past 5 years at a rate of 46.3% per year.

Accelerating Growth: Unable to compare CVN's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CVN is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (299.7%).


Return on Equity

High ROE: CVN has a negative Return on Equity (-10.58%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Carnarvon Energy's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: CVN's short term assets (A$78.5M) exceed its short term liabilities (A$3.7M).

Long Term Liabilities: CVN's short term assets (A$78.5M) exceed its long term liabilities (A$460.0K).


Debt to Equity History and Analysis

Debt Level: CVN is debt free.

Reducing Debt: CVN has not had any debt for past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: CVN has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: CVN has sufficient cash runway for 1.8 years if free cash flow continues to reduce at historical rates of 1.8% each year.


Discover healthy companies

Dividend

What is Carnarvon Energy current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate CVN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CVN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CVN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CVN's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as CVN has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

4.9yrs

Average management tenure


CEO

Adrian Cook (54 yo)

10.92yrs

Tenure

AU$746,040

Compensation

Mr. Adrian Caldwell Cook, B.Bus., C.A., M.App.Fin., FAICD has been the Chief Executive officer and Managing Director of Carnarvon Energy Limited (formerly known as Carnarvon Petroleum Limited) since July 1...


CEO Compensation Analysis

Compensation vs Market: Adrian's total compensation ($USD518.52K) is about average for companies of similar size in the Australian market ($USD606.74K).

Compensation vs Earnings: Adrian's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: CVN's management team is considered experienced (4.9 years average tenure).


Board Members

Experienced Board: CVN's board of directors are considered experienced (7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: CVN insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 15%.


Top Shareholders

Company Information

Carnarvon Energy Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Carnarvon Energy Limited
  • Ticker: CVN
  • Exchange: ASX
  • Founded: 1983
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Implied Market Cap: AU$351.036m
  • Shares outstanding: 1.80b
  • Website: https://www.carnarvon.com.au

Location

  • Carnarvon Energy Limited
  • 76 Kings Park Road
  • Level 2
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/06/24 00:00
Earnings2021/12/31
Annual Earnings2021/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.