Canyon Resources Limited, together with its subsidiaries, explores for bauxite and gold properties in West Africa.
Canyon Resources Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.086|
|52 Week High||AU$0.083|
|52 Week Low||AU$0.15|
|1 Month Change||-4.44%|
|3 Month Change||-7.53%|
|1 Year Change||-21.82%|
|3 Year Change||-55.90%|
|5 Year Change||-25.22%|
|Change since IPO||-65.60%|
Recent News & Updates
Companies Like Canyon Resources (ASX:CAY) Are In A Position To Invest In Growth
We can readily understand why investors are attracted to unprofitable companies. For example, although...
|CAY||AU Metals and Mining||AU Market|
Return vs Industry: CAY underperformed the Australian Metals and Mining industry which returned 15.6% over the past year.
Return vs Market: CAY underperformed the Australian Market which returned 24.4% over the past year.
Stable Share Price: CAY is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: CAY's weekly volatility (8%) has been stable over the past year.
About the Company
Canyon Resources Limited, together with its subsidiaries, explores for bauxite and gold properties in West Africa. Its flagship property is the Minim Martap Bauxite project located in central Cameroon. The company was formerly known as Castlemaine Resources Limited and changed its name to Canyon Resources Limited in March 2010.
Canyon Resources Fundamentals Summary
|CAY fundamental statistics|
Is CAY overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|CAY income statement (TTM)|
|Cost of Revenue||AU$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.0068|
|Net Profit Margin||0.00%|
How did CAY perform over the long term?See historical performance and comparison
Is Canyon Resources undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate CAY's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate CAY's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: CAY is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.
PE vs Market: CAY 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 CAY's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CAY is overvalued based on its PB Ratio (3.2x) compared to the AU Metals and Mining industry average (2.6x).
How is Canyon Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Canyon 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.
How has Canyon Resources performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CAY is currently unprofitable.
Growing Profit Margin: CAY is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: CAY is unprofitable, and losses have increased over the past 5 years at a rate of 15.5% per year.
Accelerating Growth: Unable to compare CAY's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CAY 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: CAY has a negative Return on Equity (-24.82%), as it is currently unprofitable.
How is Canyon Resources's financial position?
Financial Position Analysis
Short Term Liabilities: CAY's short term assets (A$3.3M) exceed its short term liabilities (A$1.2M).
Long Term Liabilities: CAY has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: CAY is debt free.
Reducing Debt: CAY has no debt compared to 5 years ago when its debt to equity ratio was 21.2%.
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: CAY has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: CAY has less than a year of cash runway if free cash flow continues to reduce at historical rates of 26% each year
What is Canyon Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CAY's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CAY'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 CAY's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CAY'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 CAY'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
Mr. Phillip Gallagher, also known as Phil, B.Bus. (Marketing) serves as the Managing Director of Canyon Resources Limited. Mr. Gallagher served as Managing Director of Empire Beer Group Limited from Februa...
CEO Compensation Analysis
Compensation vs Market: Phil's total compensation ($USD316.31K) is about average for companies of similar size in the Australian market ($USD301.38K).
Compensation vs Earnings: Phil's compensation has been consistent with company performance over the past year.
Experienced Management: CAY's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
Experienced Board: CAY's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CAY 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 17%.
Canyon Resources Limited's employee growth, exchange listings and data sources
- Name: Canyon Resources Limited
- Ticker: CAY
- Exchange: ASX
- Founded: 2009
- Industry: Gold
- Sector: Materials
- Market Cap: AU$59.599m
- Shares outstanding: 701.16m
- Website: https://www.canyonresources.com.au
- Canyon Resources Limited
- 863 Hay Street
- Level 9
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/26 07:01|
|End of Day Share Price||2021/10/26 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.