Carnarvon Energy Future Growth

Future criteria checks 2/6

Carnarvon Energy's earnings are forecast to decline at 14.5% per annum while its annual revenue is expected to grow at 66.9% per year. EPS is expected to decline by 18% per annum. Return on equity is forecast to be -0.4% in 3 years.

Key information

-14.5%

Earnings growth rate

-18.0%

EPS growth rate

Oil and Gas earnings growth	10.6%
Revenue growth rate	66.9%
Future return on equity	-0.4%
Analyst coverage	Low
Last updated	01 May 2024

Recent future growth updates

Recent updates

We Think Carnarvon Energy (ASX:CVN) Can Afford To Drive Business Growth

May 26

Companies Like Carnarvon Energy (ASX:CVN) Are In A Position To Invest In Growth

Jan 19

Here's Why We're Not Too Worried About Carnarvon Energy's (ASX:CVN) Cash Burn Situation

Sep 28

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

Jun 15

Carnarvon Energy (ASX:CVN) Is In A Good Position To Deliver On Growth Plans

Feb 28

We're Interested To See How Carnarvon Petroleum (ASX:CVN) Uses Its Cash Hoard To Grow

Sep 14

Carnarvon Petroleum (ASX:CVN) Is In A Strong Position To Grow Its Business

Apr 29

Companies Like Carnarvon Petroleum (ASX:CVN) Are In A Position To Invest In Growth

Jan 12

Earnings and Revenue Growth Forecasts

ASX:CVN - Analysts future estimates and past financials data (AUD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
6/30/2026	21	-3	-107	-10	3
6/30/2025	N/A	-2	-8	-2	3
6/30/2024	0	-5	-5	-2	3
12/31/2023	N/A	-5	-6	-1	N/A
9/30/2023	N/A	-4	-12	-3	N/A
6/30/2023	N/A	-4	-18	-5	N/A
3/31/2023	N/A	-9	-30	-6	N/A
12/31/2022	N/A	-13	-41	-7	N/A
9/30/2022	N/A	-34	-42	-6	N/A
6/30/2022	N/A	-54	-44	-6	N/A
3/31/2022	N/A	-38	-34	-6	N/A
12/31/2021	N/A	-22	-25	-6	N/A
9/30/2021	N/A	-3	-20	-5	N/A
6/30/2021	N/A	17	-14	-5	N/A
3/31/2021	N/A	6	-14	-4	N/A
12/31/2020	N/A	-6	-14	-3	N/A
9/30/2020	N/A	-5	-28	-4	N/A
6/30/2020	N/A	-4	-42	-5	N/A
3/31/2020	N/A	-6	-51	-6	N/A
12/31/2019	N/A	-9	-60	-7	N/A
9/30/2019	N/A	-8	-51	-6	N/A
6/30/2019	N/A	-8	-43	-5	N/A
3/31/2019	N/A	-4	-34	-3	N/A
12/31/2018	N/A	-1	-24	-2	N/A
9/30/2018	N/A	0	-17	-3	N/A
6/30/2018	N/A	1	-10	-4	N/A
3/31/2018	N/A	-2	-9	-4	N/A
12/31/2017	N/A	-5	-7	-4	N/A
9/30/2017	N/A	-21	N/A	-5	N/A
6/30/2017	N/A	-37	N/A	-5	N/A
3/31/2017	N/A	-39	N/A	-6	N/A
12/31/2016	N/A	-41	N/A	-6	N/A
9/30/2016	N/A	-23	N/A	-4	N/A
6/30/2016	N/A	-5	N/A	-2	N/A
12/31/2015	N/A	4	N/A	-4	N/A
9/30/2015	N/A	7	N/A	-3	N/A
6/30/2015	N/A	10	N/A	-2	N/A
12/31/2014	-10	3	N/A	10	N/A
9/30/2014	-5	-4	N/A	10	N/A
6/30/2014	N/A	-11	N/A	10	N/A
3/31/2014	21	4	N/A	7	N/A
12/31/2013	19	-10	N/A	4	N/A
9/30/2013	19	-9	N/A	3	N/A
6/30/2013	18	-8	N/A	1	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CVN is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: CVN is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: CVN is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: CVN's revenue (66.9% per year) is forecast to grow faster than the Australian market (5.2% per year).

High Growth Revenue: CVN's revenue (66.9% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: CVN is forecast to be unprofitable in 3 years.

Carnarvon Energy Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 80%

Consensus EPS estimates fall by 23%

Consensus revenue estimates increase by 25%

Price target increased by 13% to AU$0.23

Price target increased by 12% to AU$0.22

Consensus EPS estimates fall by 11%

Recent updates

New minor risk - Profitability

Consensus EPS estimates fall by 80%

New major risk - Revenue and earnings growth

Consensus EPS estimates fall by 23%

Consensus revenue estimates increase by 25%

New major risk - Revenue and earnings growth

New major risk - Revenue and earnings growth

Price target increased by 13% to AU$0.23

Carnarvon Energy Limited Announces CEO Changes

Carnarvon Energy Limited Announces Director Resignations

Strike Energy Reportedly Out of Race for Oil, Gas Assets

Carnarvon Energy Limited, Annual General Meeting, Nov 17, 2023

Carnarvon Energy Limited Announces Retirement of Dr. Peter Moore as a Director, Effective 17 November 2023

Woodside Energy's Pyrenees and Macedon Oil and Gas Projects Reportedly Up for Sale through Morgan Stanley

Woodside Energy's Pyrenees and Macedon Oil and Gas Projects Reportedly Up for Sale through Morgan Stanley

OPIC Australia Pty Limited completed the acquisition of 10% stake in Bedout assets from Carnarvon Energy Limited (ASX:CVN).

We Think Carnarvon Energy (ASX:CVN) Can Afford To Drive Business Growth

Price target increased by 12% to AU$0.22

Consensus EPS estimates fall by 11%

Carnarvon Energy Limited Announces Dorado Regulatory Approval

Companies Like Carnarvon Energy (ASX:CVN) Are In A Position To Invest In Growth

Less than half of directors are independent

Price target decreased to AU$0.22

Carnarvon Energy Limited, Annual General Meeting, Nov 18, 2022

Consensus forecasts updated

Carnarvon Energy Limited Provides an Update on Exploration Prospectivity and Potential Near-Term Drilling Opportunities Across the Acreage in the Bedout Sub-Basin

Here's Why We're Not Too Worried About Carnarvon Energy's (ASX:CVN) Cash Burn Situation

Price target decreased to AU$0.30

Carnarvon Energy Limited Announces Dorado Project Update

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

Price target decreased to AU$0.38

Less than half of directors are independent

Price target decreased to AU$0.39

Carnarvon Energy Limited Announces Apus-1 Drilling Update

Carnarvon Energy Limited Provides an Update on the Apus-1 Well

Carnarvon Energy Limited Announces Drilling Commence At Apus-1 Well

Carnarvon Energy Limited Announces Noble Tom Prosser Jack-Up Drilling Rig Mobilised to Apus-1 Well Location

Price target increased to AU$0.44

Carnarvon Energy Limited Provides Update on Dorado Project

Carnarvon Energy Limited Provides an Update on the Pavo-1 Well That Is Currently Being Drilled in the WA-438-P Exploration Permit

Price target increased to AU$0.41

Carnarvon Energy (ASX:CVN) Is In A Good Position To Deliver On Growth Plans

Carnarvon Energy Limited Provides Pavo-1 Drilling Update

Carnarvon Energy Limited Announces Pavo-1 Drilling Update

Carnarvon Energy Limited Commences Drilling Rig At Pavo-1 Well Site

Carnarvon Energy Limited Announces Bedout Basin Seismic Update

Price target decreased to AU$0.37

Carnarvon Energy Limited Announces Rig moving to Pavo-1 location

Price target increased to AU$0.42

Carnarvon Energy Limited Provides Update on the Buffalo-10 Well

Carnarvon Energy Limited Announces Buffalo-10 Drilling Update

Carnarvon Energy Limited Provides Buffalo-10 Drilling Update

Carnarvon Energy Limited Announces Commencement of Operations of Valaris JU-107 Jack-Up Drilling Rig At the Buffalo-10 Well Location

Carnarvon Energy Limited Announces Valaris JU-107 Jack-Up Drilling Rig Is Currently En-Route to the Buffalo-10 Location

Carnarvon Energy Limited Announces Pavo-1 and Apus-1 Drilling Update

Carnarvon Energy Limited Provides Buffalo Drilling Update

Carnarvon Energy Limited Provides Buffalo Project Update

Price target increased to AU$0.38

Carnarvon Petroleum Limited Provides Buffalo Project Update

We're Interested To See How Carnarvon Petroleum (ASX:CVN) Uses Its Cash Hoard To Grow

Carnarvon Petroleum Limited Provides Buffalo-10 Drilling Update

Carnarvon Petroleum (ASX:CVN) Is In A Strong Position To Grow Its Business

Carnarvon Petroleum Limited Announces Bedout Exploration Update

Carnarvon Petroleum Limited Confirms That the Noble Tom Prosser Jack-Up Drilling Rig Has Been Contracted to Drill the Pavo-1 and Apus-1 Exploration Wells

Carnarvon Petroleum Limited Announces Buffalo Drilling Update

Companies Like Carnarvon Petroleum (ASX:CVN) Are In A Position To Invest In Growth

New 90-day high: AU$0.33

Carnarvon Petroleum Limited Enters into a Binding Agreement with Advance Energy Plc

New 90-day high: AU$0.30