ASX:CAI

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Flawless balance sheet with reasonable growth potential.

Share Price & News

How has Calidus Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CAI is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: CAI's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

-8.0%

CAI

3.4%

AU Metals and Mining

2.4%

AU Market


1 Year Return

123.9%

CAI

12.6%

AU Metals and Mining

-0.6%

AU Market

Return vs Industry: CAI exceeded the Australian Metals and Mining industry which returned 12.6% over the past year.

Return vs Market: CAI exceeded the Australian Market which returned -0.6% over the past year.


Shareholder returns

CAIIndustryMarket
7 Day-8.0%3.4%2.4%
30 Day-17.6%5.1%8.0%
90 Day-5.5%0.6%8.8%
1 Year123.9%123.9%18.6%12.6%2.7%-0.6%
3 Year28.7%28.7%54.2%33.4%24.3%9.0%
5 Yearn/a194.4%138.0%56.9%25.7%

Long-Term Price Volatility Vs. Market

How volatile is Calidus Resources's share price compared to the market and industry in the last 5 years?


Simply Wall St News

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$0.52) is trading below our estimate of fair value (A$11.67)

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 AU 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 overvalued based on its PB Ratio (3.6x) compared to the AU Metals and Mining industry average (2.5x).


Next Steps

Future Growth

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

89.9%

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 (2.3%).

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 is forecast to have no revenue next year.

High Growth Revenue: CAI is forecast to have no revenue next year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CAI's Return on Equity is forecast to be very high in 3 years time (47%).


Next Steps

Past Performance

How has Calidus Resources performed over the past 5 years?

-10.2%

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 10.2% 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 (38%).


Return on Equity

High ROE: CAI has a negative Return on Equity (-6.75%), as it is currently unprofitable.


Next Steps

Financial Health

How is Calidus Resources's financial position?


Financial Position Analysis

Short Term Liabilities: CAI's short term assets (A$7.4M) exceed its short term liabilities (A$1.4M).

Long Term Liabilities: CAI has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: CAI is debt free.

Reducing Debt: CAI had no debt 5 years ago.


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 sufficient cash runway for 10 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: CAI is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.


Next Steps

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?

1.9yrs

Average management tenure


CEO

Dave Reeves (51 yo)

3.42yrs

Tenure

AU$517,733

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 ($USD380.83K) is above average for companies of similar size in the Australian market ($USD280.63K).

Compensation vs Earnings: Dave's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
David Reeves
MD & Director3.42yrsAU$517.73k6.51%
A$ 9.2m
Richard Hill
Chief Financial Officer1yrAU$380.74kno data
Paul Brennan
Chief Operating Officer1.67yrsAU$595.21k0.056%
A$ 78.7k
Julia Beckett
Company Secretary2.17yrsno datano data

1.9yrs

Average Tenure

Experienced Management: CAI's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
David Reeves
MD & Director3.42yrsAU$517.73k6.51%
A$ 9.2m
Mark Connelly
Independent Non-Executive Chairman2.75yrsAU$78.90k0.20%
A$ 276.6k
Keith Coughlan
Non-Executive Independent Director3.42yrsAU$32.35k0.19%
A$ 262.5k

3.4yrs

Average Tenure

Experienced Board: CAI's board of directors are considered experienced (3.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: CAI insiders have sold more shares than they have bought 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 25.4%.


Top Shareholders

Company Information

Calidus Resources Limited's company bio, 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$141.320m
  • Shares outstanding: 269.18m
  • Website: https://www.calidus.com.au

Location

  • Calidus Resources Limited
  • 11 Ventnor Avenue
  • Suite 12
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CAIASX (Australian Securities Exchange)YesOrdinary SharesAUAUDDec 1994
CAICHIA (Chi-X Australia)YesOrdinary SharesAUAUDDec 1994
HFU1BST (Boerse-Stuttgart)YesOrdinary SharesDEEURDec 1994

Biography

Calidus Resources Limited engages in the exploration and exploitation of gold minerals in Australia. Its flagship property is the Warrawoona Gold project covering an area of approximately 780 square kilome...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 07:05
End of Day Share Price2020/11/26 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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.