Conrad Asia Energy Ltd.

CHIA:CRD Stock Report

Market Cap: AU$166.0m

Conrad Asia Energy Valuation

Is CRD 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-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: CRD (A$0.93) is trading below our estimate of fair value (A$41.21)

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

Key Valuation Metric

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

Key metric: As CRD is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for CRD. This is calculated by dividing CRD's market cap by their current book value.
What is CRD's PB Ratio?
PB Ratio2.8x
BookUS$38.11m
Market CapUS$107.86m

Price to Book Ratio vs Peers

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

The above table shows the PB ratio for CRD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average5.4x
COI Comet Ridge
2.5x30.5%AU$183.2m
TPD Talon Energy
3.6x57.7%AU$140.2m
EEG Empire Energy Group
1.4x69.8%AU$203.5m
PCL Pancontinental Energy
14.2xn/aAU$138.2m
CRD Conrad Asia Energy
2.8x53.3%AU$166.0m

Price-To-Book vs Peers: CRD is good value based on its Price-To-Book Ratio (2.8x) compared to the peer average (5.4x).

Price to Book Ratio vs Industry

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

4 CompaniesPrice / BookEstimated GrowthMarket Cap
BLU Blue Energy
0.2x109.7%US$8.43m
ATS Australis Oil & Gas
0.2xn/aUS$7.54m
BME Black Mountain Energy
0.07xn/aUS$2.00m
AUH AustChina Holdings
0.2xn/aUS$1.56m
No more companies available in this PB range
CRD 2.8xIndustry Avg. 1.3xNo. of Companies11PB00.81.62.43.24+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: CRD is expensive based on its Price-To-Book Ratio (2.8x) compared to the Australian Oil and Gas industry average (1.3x).

Price to Book Ratio vs Fair Ratio

What is CRD'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.

CRD PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio2.8x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate CRD's Price-To-Book 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?

The above table shows the analyst CRD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$0.93
AU$2.07
+123.7%
4.3%AU$2.18AU$1.96n/a3
Nov ’25AU$1.05
AU$2.07
+97.0%
4.3%AU$2.18AU$1.96n/a3
Oct ’25AU$1.13
AU$2.01
+78.1%
5.6%AU$2.14AU$1.87n/a3
Sep ’25AU$0.90
AU$1.80
+100.4%
6.6%AU$1.92AU$1.64n/a3
Aug ’25AU$0.83
AU$1.84
+120.9%
5.6%AU$1.92AU$1.70n/a3
Jul ’25AU$0.86
AU$1.89
+119.8%
1.7%AU$1.92AU$1.85n/a3
Jun ’25AU$0.87
AU$1.93
+121.6%
2.4%AU$1.98AU$1.87n/a3
May ’25AU$0.94
AU$1.93
+106.2%
2.4%AU$1.98AU$1.87n/a3
Apr ’25AU$0.99
AU$2.06
+106.8%
12.1%AU$2.41AU$1.85n/a3
Mar ’25AU$1.16
AU$2.06
+77.4%
12.1%AU$2.41AU$1.85n/a3
Feb ’25AU$1.15
AU$2.47
+115.5%
6.8%AU$2.68AU$2.27n/a3
Jan ’25AU$1.12
AU$2.47
+120.3%
6.8%AU$2.68AU$2.27n/a3
Dec ’24AU$1.25
AU$2.47
+98.2%
6.8%AU$2.68AU$2.27n/a3
Nov ’24AU$1.36
AU$2.51
+85.5%
5.8%AU$2.69AU$2.33AU$1.053
Oct ’24AU$1.35
AU$2.54
+88.7%
9.5%AU$2.78AU$2.30AU$1.132
Sep ’24AU$1.45
AU$2.59
+79.3%
6.7%AU$2.76AU$2.42AU$0.902
Aug ’24AU$1.53
AU$2.59
+69.4%
6.7%AU$2.76AU$2.42AU$0.832
Jul ’24AU$1.69
AU$2.59
+53.8%
6.7%AU$2.76AU$2.42AU$0.862
Jun ’24AU$1.71
AU$2.59
+51.5%
6.7%AU$2.76AU$2.42AU$0.872
May ’24AU$1.60
AU$2.50
+56.6%
3.9%AU$2.60AU$2.40AU$0.942
Apr ’24AU$1.69
AU$2.53
+49.7%
2.8%AU$2.60AU$2.46AU$0.992

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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