Carnarvon Petroleum Limited explores for, develops, and produces oil and gas in Australia. More Details
Flawless balance sheet and overvalued.
Share Price & News
How has Carnarvon Petroleum's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CVN is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: CVN's weekly volatility (7%) has been stable over the past year.
7 Day Return
AU Oil and Gas
1 Year Return
AU Oil and Gas
Return vs Industry: CVN underperformed the Australian Oil and Gas industry which returned 16.1% over the past year.
Return vs Market: CVN underperformed the Australian Market which returned 33.8% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Carnarvon Petroleum's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StCarnarvon Petroleum (ASX:CVN) Is In A Strong Position To Grow Its Business
4 months ago | Simply Wall StCompanies Like Carnarvon Petroleum (ASX:CVN) Are In A Position To Invest In Growth
7 months ago | Simply Wall StWe're Hopeful That Carnarvon Petroleum (ASX:CVN) Will Use Its Cash Wisely
Is Carnarvon Petroleum undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate CVN's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate CVN's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: CVN is unprofitable, so we can't compare its PE Ratio to the Australian Oil and Gas industry average.
PE vs Market: CVN is unprofitable, so we can't compare its PE Ratio to the Australian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CVN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CVN is good value based on its PB Ratio (1.8x) compared to the AU Oil and Gas industry average (2.3x).
How is Carnarvon Petroleum forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
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: Insufficient data to determine if CVN's revenue is forecast to grow faster than the Australian market.
High Growth Revenue: Insufficient data to determine if CVN's revenue 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.
How has Carnarvon Petroleum performed over the past 5 years?
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 30.9% 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 (-9.6%).
Return on Equity
High ROE: CVN has a negative Return on Equity (-2.5%), as it is currently unprofitable.
How is Carnarvon Petroleum's financial position?
Financial Position Analysis
Short Term Liabilities: CVN's short term assets (A$106.6M) exceed its short term liabilities (A$1.3M).
Long Term Liabilities: CVN's short term assets (A$106.6M) exceed its long term liabilities (A$721.0K).
Debt to Equity History and Analysis
Debt Level: CVN is debt free.
Reducing Debt: CVN has not had any debt for past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: CVN has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: CVN has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 13.7% each year
What is Carnarvon Petroleum current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CVN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CVN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if CVN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CVN's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CVN's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Adrian Cook (53 yo)
Mr. Adrian Caldwell Cook, B.Bus., C.A., M.App.Fin., FAICD has been the Chief Executive officer and Managing Director of Carnarvon Petroleum Limited since July 1, 2011. Mr. Cook served as a General Manager ...
CEO Compensation Analysis
Compensation vs Market: Adrian's total compensation ($USD732.49K) is about average for companies of similar size in the Australian market ($USD690.63K).
Compensation vs Earnings: Adrian's compensation has been consistent with company performance over the past year.
Experienced Management: CVN's management team is seasoned and experienced (7.8 years average tenure).
Experienced Board: CVN's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Carnarvon Petroleum Limited's company bio, employee growth, exchange listings and data sources
- Name: Carnarvon Petroleum Limited
- Ticker: CVN
- Exchange: ASX
- Founded: 1983
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: AU$422.653m
- Shares outstanding: 1.57b
- Website: https://www.carnarvon.com.au
- Carnarvon Petroleum Limited
- 76 Kings Park Road
- Level 2
- West Perth
- Western Australia
Carnarvon Petroleum 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 offshore of Western Australia; th...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/18 08:02|
|End of Day Share Price||2021/05/18 00:00|
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.