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CAY

Canyon ResourcesASX:CAY Stock Report

Market Cap

AU$59.6m

7D

0%

1Y

-21.8%

Updated

26 Oct, 2021

Data

Company Financials
CAY fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

CAY Overview

Canyon Resources Limited, together with its subsidiaries, explores for bauxite and gold properties in West Africa.

Canyon Resources Competitors

AngloGold Ashanti

JSE:ANG

R120.8b

Kinross Gold

TSX:K

CA$10.1b

IAMGOLD

TSX:IMG

CA$1.8b

Orezone Gold

TSXV:ORE

CA$430.3m

Price History & Performance

Summary of all time highs, changes and price drops for Canyon Resources
Historical stock prices
Current Share PriceAU$0.086
52 Week HighAU$0.083
52 Week LowAU$0.15
Beta1.67
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

Jul 05
Companies Like Canyon Resources (ASX:CAY) Are In A Position To Invest In Growth

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...

Shareholder Returns

CAYAU Metals and MiningAU Market
7D0%-0.4%0.8%
1Y-21.8%15.6%24.4%

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.

Price Volatility

Is CAY's price volatile compared to industry and market?
CAY volatility
CAY Beta1.67
Industry Beta0.97
Market Beta1

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

FoundedEmployeesCEOWebsite
2009n/aPhil Gallagherhttps://www.canyonresources.com.au

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

How do Canyon Resources's earnings and revenue compare to its market cap?
CAY fundamental statistics
Market CapAU$59.60m
Earnings (TTM)-AU$4.75m
Revenue (TTM)n/a

0x

P/S Ratio

-12.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CAY income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$4.75m
Earnings-AU$4.75m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0068
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did CAY perform over the long term?

See historical performance and comparison

Valuation

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

3.15x

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).


Future Growth

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

-0.5%

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.


Past Performance

How has Canyon Resources performed over the past 5 years?

-15.5%

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.


Financial Health

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%.


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: 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


Dividend

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.


Next Steps

Management

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

1.7yrs

Average management tenure


CEO

Phil Gallagher

12yrs

Tenure

AU$421,953

Compensation

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.


Leadership Team

Experienced Management: CAY's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

Experienced Board: CAY's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 17%.


Top Shareholders

Company Information

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


Key Information

  • 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

Location

  • Canyon Resources Limited
  • 863 Hay Street
  • Level 9
  • Perth
  • Western Australia
  • 6000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 07:01
End of Day Share Price2021/10/26 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.