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CAV

Carnavale ResourcesASX:CAV Stock Report

Market Cap

AU$16.7m

7D

16.7%

1Y

-56.3%

Updated

17 Oct, 2021

Data

Company Financials
CAV fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

CAV Overview

Carnavale Resources Limited operates as a mineral exploration company in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Carnavale Resources
Historical stock prices
Current Share PriceAU$0.007
52 Week HighAU$0.006
52 Week LowAU$0.018
Beta0.85
1 Month Change-6.67%
3 Month Change0%
1 Year Change-56.25%
3 Year Change-12.50%
5 Year Change-41.67%
Change since IPO-97.31%

Recent News & Updates

Mar 20
Who Has Been Buying Carnavale Resources Limited (ASX:CAV) Shares?

Who Has Been Buying Carnavale Resources Limited (ASX:CAV) Shares?

It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that...

Mar 20
Trade Alert: Phillip Coulson At Carnavale Resources Limited (ASX:CAV), Has Just Spent AU$271k Buying 15% More Shares

Trade Alert: Phillip Coulson At Carnavale Resources Limited (ASX:CAV), Has Just Spent AU$271k Buying 15% More Shares

Investors who take an interest in Carnavale Resources Limited ( ASX:CAV ) should definitely note that insider Phillip...

Shareholder Returns

CAVAU Metals and MiningAU Market
7D16.7%4.3%0.9%
1Y-56.3%12.2%20.2%

Return vs Industry: CAV underperformed the Australian Metals and Mining industry which returned 12.2% over the past year.

Return vs Market: CAV underperformed the Australian Market which returned 20.2% over the past year.

Price Volatility

Is CAV's price volatile compared to industry and market?
CAV volatility
CAV Beta0.85
Industry Beta0.97
Market Beta1

Stable Share Price: CAV is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 16% a week.

Volatility Over Time: CAV's weekly volatility (16%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
2006n/aHumphrey Halehttps://www.carnavaleresources.com

Carnavale Resources Limited operates as a mineral exploration company in Australia. It explores for tin, lithium, cobalt, silver, nickel, gold, copper, and precious metal deposits. The company holds a 100% interest in the Grey Dam nickel sulphide project in Kalgoorlie, Western Australia; and the Barracuda platinum-palladium-nickel-copper project located in the Windimurra igneous complex of the Murchison district, Western Australia.

Carnavale Resources Fundamentals Summary

How do Carnavale Resources's earnings and revenue compare to its market cap?
CAV fundamental statistics
Market CapAU$16.66m
Earnings (TTM)-AU$1.49m
Revenue (TTM)AU$10.63k

0x

P/S Ratio

-11.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CAV income statement (TTM)
RevenueAU$10.63k
Cost of RevenueAU$0
Gross ProfitAU$10.63k
ExpensesAU$1.50m
Earnings-AU$1.49m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.00062
Gross Margin100.00%
Net Profit Margin-13,992.68%
Debt/Equity Ratio0.0%

How did CAV perform over the long term?

See historical performance and comparison

Valuation

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

2.44x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate CAV's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate CAV's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: CAV is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.

PE vs Market: CAV 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 CAV's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CAV is good value based on its PB Ratio (2.4x) compared to the AU Metals and Mining industry average (2.5x).


Future Growth

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

-0.3%

Forecasted Materials industry annual growth in earnings


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 Carnavale 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 SimplyWall St do have past financial data.


Past Performance

How has Carnavale Resources performed over the past 5 years?

-1.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CAV is currently unprofitable.

Growing Profit Margin: CAV is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CAV is unprofitable, and losses have increased over the past 5 years at a rate of 1.4% per year.

Accelerating Growth: Unable to compare CAV's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CAV 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: CAV has a negative Return on Equity (-21.7%), as it is currently unprofitable.


Financial Health

How is Carnavale Resources's financial position?


Financial Position Analysis

Short Term Liabilities: CAV's short term assets (A$3.7M) exceed its short term liabilities (A$291.7K).

Long Term Liabilities: CAV has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: CAV is debt free.

Reducing Debt: CAV has not had any debt for 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: CAV has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: CAV has sufficient cash runway for 2.2 years if free cash flow continues to reduce at historical rates of 8.7% each year.


Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate CAV's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CAV'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 CAV's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CAV'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 CAV'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?

8.1yrs

Average board tenure


CEO

Humphrey Hale

0.33

Tenure

AU$230,920

Compensation

Mr. Humphrey W. Hale, B.Sc. (Hons) is a Managing Geologist of Carnavale Resources Ltd since July 2020 and serves as the Chief Executive Officer since June 1, 2021. He served as an Executive Managing Direct...


Board Members

Experienced Board: CAV's board of directors are considered experienced (8.1 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 16.7%.


Top Shareholders

Company Information

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


Key Information

  • Name: Carnavale Resources Limited
  • Ticker: CAV
  • Exchange: ASX
  • Founded: 2006
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$16.662m
  • Shares outstanding: 2.38b
  • Website: https://www.carnavaleresources.com

Location

  • Carnavale Resources Limited
  • 389 Oxford Street
  • Suite 9
  • Mount Hawthorn
  • Western Australia
  • 6016
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/17 07:03
End of Day Share Price2021/10/15 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.