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CAI

Calidus ResourcesASX:CAI Stock Report

Market Cap

AU$234.0m

7D

-6.4%

1Y

-16.4%

Updated

20 Oct, 2021

Data

Company Financials +
CAI fundamental analysis
Snowflake Score
Valuation3/6
Future Growth6/6
Past Performance0/6
Financial Health3/6
Dividends0/6

CAI Overview

Calidus Resources Limited engages in the exploration and exploitation of gold minerals in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Calidus Resources
Historical stock prices
Current Share PriceAU$0.58
52 Week HighAU$0.38
52 Week LowAU$0.72
Beta0.79
1 Month Change6.36%
3 Month Change24.47%
1 Year Change-16.43%
3 Year Change116.67%
5 Year Changen/a
Change since IPO192.50%

Recent News & Updates

Mar 31
Breakeven On The Horizon For Calidus Resources Limited (ASX:CAI)

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...

Shareholder Returns

CAIAU Metals and MiningAU Market
7D-6.4%3.6%1.7%
1Y-16.4%11.3%20.2%

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.

Price Volatility

Is CAI's price volatile compared to industry and market?
CAI volatility
CAI Beta0.79
Industry Beta0.97
Market Beta1

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

FoundedEmployeesCEOWebsite
1986n/aDave Reeveshttps://www.calidus.com.au

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

How do Calidus Resources's earnings and revenue compare to its market cap?
CAI fundamental statistics
Market CapAU$233.96m
Earnings (TTM)-AU$4.78m
Revenue (TTM)AU$144.43k

1.6kx

P/S Ratio

-49.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CAI income statement (TTM)
RevenueAU$144.43k
Cost of RevenueAU$0
Gross ProfitAU$144.43k
ExpensesAU$4.92m
Earnings-AU$4.78m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.012
Gross Margin100.00%
Net Profit Margin-3,308.52%
Debt/Equity Ratio23.4%

How did CAI perform over the long term?

See historical performance and comparison

Valuation

Is Calidus Resources undervalued compared to its fair value and its price relative to the market?

>50%

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).


Future Growth

How is Calidus Resources forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

141.1%

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%)


Past Performance

How has Calidus Resources performed over the past 5 years?

-19.8%

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.


Financial Health

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.


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: 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


Dividend

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.1yrs

Average management tenure


CEO

Dave Reeves (52 yo)

4.33yrs

Tenure

AU$407,972

Compensation

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.


Leadership Team

Experienced Management: CAI's management team is considered experienced (3.1 years average tenure).


Board Members

Experienced Board: CAI's board of directors are considered experienced (4 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 48.6%.


Top Shareholders

Company Information

Calidus Resources Limited's employee growth, exchange listings and data sources


Key Information

  • 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

Location

  • Calidus Resources Limited
  • 11 Ventnor Avenue
  • Suite 12
  • 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 Analysis2021/10/20 15:34
End of Day Share Price2021/10/20 00:00
Earnings2021/06/30
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.