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CVN

Carnarvon Energy ASX:CVN Stock Report

Last Price

AU$0.23

Market Cap

AU$405.0m

7D

3.2%

1Y

-9.2%

Updated

23 May, 2022

Data

Company Financials +
CVN fundamental analysis
Snowflake Score
Valuation3/6
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$0.23
52 Week HighAU$0.43
52 Week LowAU$0.20
Beta2.24
1 Month Change-5.42%
3 Month Change0.89%
1 Year Change-9.20%
3 Year Change-46.59%
5 Year Change173.49%
Change since IPO-90.54%

Recent News & Updates

Shareholder Returns

CVNAU Oil and GasAU Market
7D3.2%0.2%1.1%
1Y-9.2%33.9%1.5%

Return vs Industry: CVN underperformed the Australian Oil and Gas industry which returned 33.9% over the past year.

Return vs Market: CVN underperformed the Australian Market which returned 1.5% over the past year.

Price Volatility

Is CVN's price volatile compared to industry and market?
CVN volatility
CVN Average Weekly Movement12.6%
Oil and Gas Industry Average Movement12.9%
Market Average Movement9.5%
10% most volatile stocks in AU Market16.5%
10% least volatile stocks in AU Market4.3%

Stable Share Price: CVN is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: CVN's weekly volatility (13%) 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$405.04m
Earnings (TTM)-AU$22.43m
Revenue (TTM)n/a

0.0x

P/S Ratio

-18.2x

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
New valuation analysis is now available for all ASX stocks. This is in beta.

Future Growth

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


136.0%

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's is expected to become profitable in the next 3 years.

Revenue vs Market: CVN's revenue (151.4% per year) is forecast to grow faster than the Australian market (4.7% per year).

High Growth Revenue: CVN's revenue (151.4% 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%).


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.


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.


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?

4.8yrs

Average management tenure


CEO

Adrian Cook (54 yo)

10.83yrs

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 ($USD524.24K) is about average for companies of similar size in the Australian market ($USD560.06K).

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 (4.8 years average tenure).


Board Members

Experienced Board: CVN's board of directors are considered experienced (6.9 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$405.042m
  • 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 Analysis2022/05/23 00:00
End of Day Share Price2022/05/23 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.