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Carpentaria Resources

ASX:CAP
Snowflake Description

Adequate balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CAP
ASX
A$17M
Market Cap
  1. Home
  2. AU
  3. Materials
Company description

Carpentaria Resources Limited engages in mineral exploration activities in Australia. The last earnings update was 108 days ago. More info.


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CAP Share Price and Events
7 Day Returns
-7.7%
ASX:CAP
5.8%
AU Metals and Mining
1.7%
AU Market
1 Year Returns
-16.7%
ASX:CAP
11%
AU Metals and Mining
5.4%
AU Market
CAP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Carpentaria Resources (CAP) -7.7% 7.1% 20% -16.7% -1.6% -25%
AU Metals and Mining 5.8% 3.3% 6.9% 11% 86.1% 20.4%
AU Market 1.7% 2.8% 5.5% 5.4% 25% 12.3%
1 Year Return vs Industry and Market
  • CAP underperformed the Metals and Mining industry which returned 11% over the past year.
  • CAP underperformed the Market in Australia which returned 5.4% over the past year.
Price Volatility
CAP
Industry
5yr Volatility vs Market

Value

 Is Carpentaria Resources undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Carpentaria Resources to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Carpentaria Resources.

ASX:CAP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.4%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:CAP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.03
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.025 (1 + (1- 30%) (0%))
1.017
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.02
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (1.017 * 5.96%)
8.37%

Discounted Cash Flow Calculation for ASX:CAP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Carpentaria Resources is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ASX:CAP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 8.37%)
2019 0.74 Est @ 1.46% 0.68
2020 0.75 Est @ 1.72% 0.64
2021 0.77 Est @ 1.9% 0.60
2022 0.78 Est @ 2.02% 0.57
2023 0.80 Est @ 2.11% 0.54
2024 0.82 Est @ 2.17% 0.51
2025 0.84 Est @ 2.21% 0.48
2026 0.86 Est @ 2.24% 0.45
2027 0.87 Est @ 2.26% 0.42
2028 0.89 Est @ 2.28% 0.40
Present value of next 10 years cash flows A$5.29
ASX:CAP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= A$0.89 × (1 + 2.31%) ÷ (8.37% – 2.31%)
A$15.10
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$15.10 ÷ (1 + 8.37%)10
A$6.76
ASX:CAP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$5.29 + A$6.76
A$12.05
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$12.05 / 275.13
A$0.04
ASX:CAP Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$0.04
Current discount Discount to share price of A$0.06
= -1 x (A$0.06 - A$0.04) / A$0.04
-37%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Carpentaria Resources is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Carpentaria Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Carpentaria Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:CAP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$-0.01
ASX:CAP Share Price ** ASX (2019-06-14) in AUD A$0.06
Australia Metals and Mining Industry PE Ratio Median Figure of 78 Publicly-Listed Metals and Mining Companies 10.58x
Australia Market PE Ratio Median Figure of 545 Publicly-Listed Companies 16.2x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Carpentaria Resources.

ASX:CAP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:CAP Share Price ÷ EPS (both in AUD)

= 0.06 ÷ -0.01

-8.51x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Carpentaria Resources is loss making, we can't compare its value to the AU Metals and Mining industry average.
  • Carpentaria Resources is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Carpentaria Resources's expected growth come at a high price?
Raw Data
ASX:CAP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -8.51x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Australia Metals and Mining Industry PEG Ratio Median Figure of 39 Publicly-Listed Metals and Mining Companies 0.67x
Australia Market PEG Ratio Median Figure of 357 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Carpentaria Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Carpentaria Resources's assets?
Raw Data
ASX:CAP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.03
ASX:CAP Share Price * ASX (2019-06-14) in AUD A$0.06
Australia Metals and Mining Industry PB Ratio Median Figure of 587 Publicly-Listed Metals and Mining Companies 1.43x
Australia Market PB Ratio Median Figure of 1,687 Publicly-Listed Companies 1.65x
ASX:CAP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:CAP Share Price ÷ Book Value per Share (both in AUD)

= 0.06 ÷ 0.03

2.11x

* Primary Listing of Carpentaria Resources.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Carpentaria Resources is overvalued based on assets compared to the AU Metals and Mining industry average.
X
Value checks
We assess Carpentaria Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Carpentaria Resources has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Carpentaria Resources expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Carpentaria Resources has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
2%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Carpentaria Resources expected to grow at an attractive rate?
  • Unable to compare Carpentaria Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Carpentaria Resources's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare Carpentaria Resources's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:CAP Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 2%
Australia Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 1.1%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.9%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:CAP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:CAP Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 -1 -1
2018-09-30 -1 -1
2018-06-30 -1 -1
2018-03-31 0 -1 -1
2017-12-31 0 -1 -1
2017-09-30 0 -1 -1
2017-06-30 -1 -1
2017-03-31 0 -1 -1
2016-12-31 0 -1 -1
2016-09-30 0 -1 -1
2016-06-30 0 -1 -1
2016-03-31 0 -1 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Carpentaria Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Carpentaria Resources is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:CAP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Carpentaria Resources Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:CAP Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 -0.01
2018-09-30 -0.01
2018-06-30 -0.01
2018-03-31 -0.01
2017-12-31 -0.01
2017-09-30 -0.01
2017-06-30 -0.01
2017-03-31 -0.01
2016-12-31 -0.01
2016-09-30 -0.01
2016-06-30 -0.01
2016-03-31 -0.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Carpentaria Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Carpentaria Resources's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Carpentaria Resources's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. Carpentaria Resources's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Carpentaria Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Carpentaria Resources has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Carpentaria Resources performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Carpentaria Resources's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Carpentaria Resources does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Carpentaria Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Carpentaria Resources's 1-year growth to the AU Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Carpentaria Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Carpentaria Resources Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:CAP Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 -1.44 1.20
2018-09-30 -1.31 1.08
2018-06-30 -1.18 0.97
2018-03-31 -0.03 -1.08 0.67
2017-12-31 -0.07 -0.98 0.49
2017-09-30 -0.03 -1.02 0.64
2017-06-30 -1.05 0.80
2017-03-31 0.05 -1.14 0.91
2016-12-31 0.10 -1.23 1.02
2016-09-30 0.11 -1.31 0.98
2016-06-30 0.11 -1.38 0.95
2016-03-31 0.17 -1.84 1.14
2015-12-31 0.23 -2.30 1.34
2015-09-30 0.22 -2.57 1.51
2015-06-30 0.21 -2.85 1.68
2015-03-31 0.18 -3.62 1.83
2014-12-31 0.16 -4.38 1.98
2014-09-30 0.17 -5.33 2.23
2014-06-30 0.18 -6.28 2.49
2014-03-31 0.17 -6.39 2.65
2013-12-31 0.16 -4.18 2.82
2013-09-30 0.17 -3.00 2.87
2013-06-30 0.17 -1.82 2.93
2013-03-31 0.22 -2.04 2.73
2012-12-31 0.27 -2.26 2.52
2012-09-30 0.36 -1.03 2.44
2012-06-30 0.45 0.20 2.35

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Carpentaria Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Carpentaria Resources has efficiently used its assets last year compared to the AU Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Carpentaria Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Carpentaria Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Carpentaria Resources has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Carpentaria Resources's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Carpentaria Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Carpentaria Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Carpentaria Resources has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Carpentaria Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Carpentaria Resources has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Carpentaria Resources Company Filings, last reported 5 months ago.

ASX:CAP Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 6.07 0.00 1.19
2018-09-30 6.07 0.00 1.19
2018-06-30 5.56 0.00 1.07
2018-03-31 5.56 0.00 1.07
2017-12-31 6.11 0.00 1.75
2017-09-30 6.11 0.00 1.75
2017-06-30 4.69 0.00 1.41
2017-03-31 4.69 0.00 1.41
2016-12-31 4.86 0.00 2.25
2016-09-30 4.86 0.00 2.25
2016-06-30 3.51 0.00 1.69
2016-03-31 3.51 0.00 1.69
2015-12-31 4.10 0.00 2.21
2015-09-30 4.10 0.00 2.21
2015-06-30 4.78 0.00 2.62
2015-03-31 4.78 0.00 2.62
2014-12-31 6.78 0.01 3.64
2014-09-30 6.78 0.01 3.64
2014-06-30 7.59 0.02 4.73
2014-03-31 8.10 0.02 4.73
2013-12-31 13.46 0.05 6.38
2013-09-30 13.46 0.05 6.38
2013-06-30 14.60 0.11 4.68
2013-03-31 14.60 0.11 4.68
2012-12-31 15.56 0.17 5.69
2012-09-30 15.56 0.17 5.69
2012-06-30 15.90 0.19 7.85
  • Carpentaria Resources has no debt.
  • Carpentaria Resources has no debt compared to 5 years ago when it was 0.4%.
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.

  • Carpentaria Resources has less than a year of cash runway based on current free cash flow.
  • Carpentaria Resources has less than a year of cash runway if free cash flow continues to grow at historical rates of 0.8% each year.
X
Financial health checks
We assess Carpentaria Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Carpentaria Resources has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Carpentaria Resources's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Carpentaria Resources dividends.
If you bought A$2,000 of Carpentaria Resources shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Carpentaria Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Carpentaria Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:CAP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Australia Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 37 Stocks 3.6%
Australia Market Average Dividend Yield Market Cap Weighted Average of 415 Stocks 4.1%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.7%
Australia Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Carpentaria Resources has not reported any payouts.
  • Unable to verify if Carpentaria Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Carpentaria Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Carpentaria Resources has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Carpentaria Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Carpentaria Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Carpentaria Resources has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Carpentaria Resources's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Quentin Hill
COMPENSATION A$366,939
TENURE AS CEO 5.8 years
CEO Bio

Mr. Quentin Simon Hill, Bachelor of Science (Geology), has been Managing Director of Carpentaria Exploration Limited since September 1, 2013. Mr. Hill served as a Principal Geologist of New Business at Carpentaria Exploration Limited until September 1, 2013. Mr. Hill is a geologist with over 15 years' experience in exploration and development in Australia. He has wide ranging commodity experience including gold, iron ore, coal and base metals. He served as Carpentaria's Senior Geologist when it was listed and integral in the discovery of the 1.4Bt Hawsons Iron Project where he also managed the successful resource drilling. Prior to his 4 years with Carpentaria, he held technical positions with major miners, including seven years with Delta Gold and with Vale's coal division. He also held a senior role in the Queensland Government where he implemented several exploration funding initiatives. He has been an Executive Director at Carpentaria Exploration Limited since September 1, 2013. He is a member of the Australian Institute of Geoscientists and the Society of Economic Geologists.

CEO Compensation
  • Quentin's compensation has increased whilst company is loss making.
  • Quentin's remuneration is about average for companies of similar size in Australia.
Management Team

Quentin Hill

TITLE
MD & Director
COMPENSATION
A$367K
TENURE
5.8 yrs

Bob Hair

TITLE
Company Secretary
COMPENSATION
A$145K
AGE
65
TENURE
3.7 yrs
Board of Directors Tenure

Average tenure of the Carpentaria Resources board of directors in years:

5.3
Average Tenure
  • The tenure for the Carpentaria Resources board of directors is about average.
Board of Directors

Neil Williams

TITLE
Non-Executive Chairman
COMPENSATION
A$52K
TENURE
4.9 yrs

Quentin Hill

TITLE
MD & Director
COMPENSATION
A$367K
TENURE
5.8 yrs

Paul Cholakos

TITLE
Non-Executive Director
COMPENSATION
A$30K
TENURE
7.2 yrs

Jon Parker

TITLE
Independent Non-Executive Director
COMPENSATION
A$4K
AGE
70
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
X
Management checks
We assess Carpentaria Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Carpentaria Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Did You Manage To Avoid Carpentaria Resources's (ASX:CAP) 13% Share Price Drop?

While not a mind-blowing move, it is good to see that the Carpentaria Resources Limited (ASX:CAP) share price has gained 16% in the last three months. … See our latest analysis for Carpentaria Resources With zero revenue generated over twelve months, we don't think that Carpentaria Resources has proved its business plan yet. … A Different Perspective Carpentaria Resources shareholders are down 13% for the year, but the market itself is up 10%.

Simply Wall St -

Should You Worry About Carpentaria Resources Limited's (ASX:CAP) CEO Pay Cheque?

Quentin Hill became the CEO of Carpentaria Resources Limited (ASX:CAP) in 2013. … First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Quentin Hill's Compensation Compare With Similar Sized Companies?

Simply Wall St -

A Look At The Intrinsic Value Of Carpentaria Resources Limited (ASX:CAP)

Remember though, that there are many ways to estimate a company's value, and a DCF is just one method. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model. … We're using the 2-stage growth model, which simply means we take in account two stages of company's growth

Simply Wall St -

Does The Carpentaria Resources Limited (ASX:CAP) Share Price Fall With The Market?

Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful. … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

How Much Of Carpentaria Resources Limited (ASX:CAP) Do Insiders Own?

Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Carpentaria Resources is a smaller company with a market capitalization of AU$11m, so it may still be flying under the radar of many institutional investors. … Our analysis of the ownership of the company, below, shows that.

Simply Wall St -

Should You Worry About Carpentaria Resources Limited's (ASX:CAP) CEO Salary Level?

In 2013 Quentin Hill was appointed CEO of Carpentaria Resources Limited (ASX:CAP). … First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Quentin Hill's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Why Carpentaria Resources Limited's (ASX:CAP) Ownership Structure Is Important

I am going to take a deep dive into Carpentaria Resources Limited’s (ASX:CAP) most recent ownership structure, not a frequent subject of discussion among individual investors. … Differences in ownership structure of companies can have a profound effect on how management's incentives are aligned with shareholder returns, and whether they adhere to corporate governance best practices. … Therefore, it is beneficial for us to examine CAP's ownership structure in more detail.

Simply Wall St -

Does Carpentaria Resources Limited's (ASX:CAP) Recent Track Record Look Strong?

Below, I will assess CAP's latest performance announced on 31 December 2017 and weigh these figures against its longer term trend and industry movements. … How CAP fared against its long-term earnings performance and its industry. … CAP is loss-making, with the most recent trailing twelve-month earnings of -AU$980.17k (from 31 December 2017), which compared to last year has become

Simply Wall St -

Breaking Down Carpentaria Resources Limited's (ASX:CAP) Ownership Structure

Insider Ownership Another important group of shareholders are company insiders. … Private Company Ownership Potential investors in CAP should also look at another important group of investors: private companies, with a stake of 17.43%, who are primarily invested because of strategic and capital gain interests. … Thus, potential investors should look into these business relations and check how it can impact long-term shareholder returns.Next Steps: CAP's considerably high level of institutional ownership calls for further analysis into its margin of safety.

Simply Wall St -

Should You Worry About Carpentaria Resources Limited's (ASX:CAP) CEO Salary Level?

This is because, if incentives are aligned, more value is created for shareholders which directly impacts your returns as an investor. … Typically I would look at market cap and earnings as a proxy for performance, however, CAP's negative earnings reduces the usefulness of my formula. … If you have not done so already, I urge you to complete your research by taking a look at the following: Governance: To find out more about CAP's governance, look through our infographic report of the company's board and management.

Simply Wall St -

Company Info

Description

Carpentaria Resources Limited engages in mineral exploration activities in Australia. The company explores for magnetite iron, tin, antinomy, copper, and gold deposits. Its flagship property is the Hawsons iron project located near Broken Hill, New South Wales. The company was formerly known as Carpentaria Exploration Limited and changed its name to Carpentaria Resources Limited in October 2017. Carpentaria Resources Limited was incorporated in 2000 and is based in Brisbane, Australia.

Details
Name: Carpentaria Resources Limited
CAP
Exchange: ASX
Founded: 2000
A$16,507,952
275,132,537
Website: http://www.carpentariaex.com.au
Address: Carpentaria Resources Limited
345 Ann Street,
Level 6,
Brisbane,
Queensland, 4000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX CAP Ordinary Shares Australian Securities Exchange AU AUD 12. Nov 2007
DB 78A Ordinary Shares Deutsche Boerse AG DE EUR 12. Nov 2007
CHIA CAP Ordinary Shares Chi-X Australia AU AUD 12. Nov 2007
Number of employees
Current staff
Staff numbers
0
Carpentaria Resources employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/17 10:38
End of day share price update: 2019/06/14 00:00
Last earnings filing: 2019/03/01
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.