Calidus Resources Limited engages in the exploration and exploitation of gold minerals in Australia.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.58|
|52 Week High||AU$0.38|
|52 Week Low||AU$0.72|
|1 Month Change||6.36%|
|3 Month Change||24.47%|
|1 Year Change||-16.43%|
|3 Year Change||116.67%|
|5 Year Change||n/a|
|Change since IPO||192.50%|
Recent News & Updates
Breakeven On The Horizon For Calidus Resources Limited (ASX:CAI)
We feel now is a pretty good time to analyse Calidus Resources Limited's ( ASX:CAI ) business as it appears the company...
|CAI||AU Metals and Mining||AU Market|
Return vs Industry: CAI underperformed the Australian Metals and Mining industry which returned 11.3% over the past year.
Return vs Market: CAI underperformed the Australian Market which returned 20.2% over the past year.
Stable Share Price: CAI is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: CAI's weekly volatility (6%) has been stable over the past year.
About the Company
Calidus Resources Limited engages in the exploration and exploitation of gold minerals in Australia. The company holds interests in the Warrawoona Gold project covering an area of approximately 780 square kilometers located in the East Pilbara district of the Pilbara Goldfield in Western Australia; and the Blue Spec project located in the Pilbara Goldfield in Western Australia. It also holds a 70% interest in the Otways gold-copper project located in Western Australia.
Calidus Resources Fundamentals Summary
|CAI fundamental statistics|
Is CAI overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|CAI income statement (TTM)|
|Cost of Revenue||AU$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.012|
|Net Profit Margin||-3,308.52%|
How did CAI perform over the long term?See historical performance and comparison
Is Calidus Resources undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CAI (A$0.59) is trading below our estimate of fair value (A$6.15)
Significantly Below Fair Value: CAI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CAI is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.
PE vs Market: CAI 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 CAI's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CAI is good value based on its PB Ratio (2.2x) compared to the AU Metals and Mining industry average (2.6x).
How is Calidus Resources forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CAI is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).
Earnings vs Market: CAI is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: CAI's is expected to become profitable in the next 3 years.
Revenue vs Market: CAI's revenue (128.5% per year) is forecast to grow faster than the Australian market (5.4% per year).
High Growth Revenue: CAI's revenue (128.5% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CAI's Return on Equity is forecast to be high in 3 years time (39%)
How has Calidus Resources performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CAI is currently unprofitable.
Growing Profit Margin: CAI is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: CAI is unprofitable, and losses have increased over the past 5 years at a rate of 19.8% per year.
Accelerating Growth: Unable to compare CAI's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CAI is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (35.3%).
Return on Equity
High ROE: CAI has a negative Return on Equity (-4.47%), as it is currently unprofitable.
How is Calidus Resources's financial position?
Financial Position Analysis
Short Term Liabilities: CAI's short term assets (A$30.1M) exceed its short term liabilities (A$13.9M).
Long Term Liabilities: CAI's short term assets (A$30.1M) exceed its long term liabilities (A$28.1M).
Debt to Equity History and Analysis
Debt Level: CAI's debt to equity ratio (23.4%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if CAI's debt to equity ratio has reduced over the 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: CAI has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: CAI has less than a year of cash runway if free cash flow continues to reduce at historical rates of 44.4% each year
What is Calidus Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CAI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CAI'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 CAI's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CAI'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 CAI'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
Dave Reeves (52 yo)
Mr. David Russell Stuart Reeves, also known as Dave, Bsc (Min Eng.), F.Fin, MAUSIM, MSAIMM, has been Managing Director of Calidus Resources Limited since June 2, 2017. He has been a Non-Executive Director...
CEO Compensation Analysis
Compensation vs Market: Dave's total compensation ($USD305.03K) is below average for companies of similar size in the Australian market ($USD547.68K).
Compensation vs Earnings: Dave's compensation has been consistent with company performance over the past year.
Experienced Management: CAI's management team is considered experienced (3.1 years average tenure).
Experienced Board: CAI's board of directors are considered experienced (4 years average tenure).
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 been diluted in the past year, with total shares outstanding growing by 48.6%.
Calidus Resources Limited's employee growth, exchange listings and data sources
- Name: Calidus Resources Limited
- Ticker: CAI
- Exchange: ASX
- Founded: 1986
- Industry: Gold
- Sector: Materials
- Market Cap: AU$233.958m
- Shares outstanding: 399.93m
- Website: https://www.calidus.com.au
- Calidus Resources Limited
- 11 Ventnor Avenue
- Suite 12
- West Perth
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/20 15:34|
|End of Day Share Price||2021/10/20 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.