| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
CBE Overview
Cobre Limited engages in the exploration and evaluation of mineral properties.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$0.096 |
| 52 Week High | AU$0.095 |
| 52 Week Low | AU$0.29 |
| Beta | 0 |
| 1 Month Change | -33.79% |
| 3 Month Change | -38.07% |
| 1 Year Change | -43.53% |
| 3 Year Change | n/a |
| 5 Year Change | n/a |
| Change since IPO | -61.60% |
Recent News & Updates
Here's Why We're Not Too Worried About Cobre's (ASX:CBE) Cash Burn Situation
Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
Shareholder Returns
| CBE | AU Metals and Mining | AU Market | |
|---|---|---|---|
| 7D | -4.0% | -0.3% | 0.7% |
| 1Y | -43.5% | 12.5% | 21.4% |
Return vs Industry: CBE underperformed the Australian Metals and Mining industry which returned 11.3% over the past year.
Return vs Market: CBE underperformed the Australian Market which returned 21.1% over the past year.
Price Volatility
| CBE volatility | |
|---|---|
| CBE Beta | 0 |
| Industry Beta | 0.97 |
| Market Beta | 1 |
Stable Share Price: CBE is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 12% a week.
Volatility Over Time: CBE's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of Australian stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2018 | n/a | Martin Holland | https://www.cobre.com.au |
Cobre Limited engages in the exploration and evaluation of mineral properties. It explores for copper, gold, silver, and zinc deposits. The company holds 100% interest in the Perrinvale project covering an area of approximately 381 square kilometers of the Panhandle and Illaara Greenstone Belts in Western Australia; and an option to earn upto 80% interests in the Sandiman tenement covering an area of approximately 202 square kilometers located in Gascoyne Province, Australia.
Cobre Fundamentals Summary
| CBE fundamental statistics | |
|---|---|
| Market Cap | AU$15.04m |
| Earnings (TTM) | -AU$2.75m |
| Revenue (TTM) | AU$25.70k |
600.0x
P/S Ratio-5.5x
P/E RatioIs CBE overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| CBE income statement (TTM) | |
|---|---|
| Revenue | AU$25.70k |
| Cost of Revenue | AU$238.00 |
| Gross Profit | AU$25.46k |
| Expenses | AU$2.77m |
| Earnings | -AU$2.75m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.018 |
| Gross Margin | 99.07% |
| Net Profit Margin | -10,690.21% |
| Debt/Equity Ratio | 3.1% |
How did CBE perform over the long term?
See historical performance and comparisonValuation
Is Cobre undervalued compared to its fair value and its price relative to the market?
0.88x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate CBE's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate CBE's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: CBE is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.
PE vs Market: CBE 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 CBE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CBE is good value based on its PB Ratio (0.9x) compared to the AU Metals and Mining industry average (2.6x).
Future Growth
How is Cobre forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
-0.07%
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 Cobre 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 Cobre performed over the past 5 years?
-39.3%
Last years earnings growth
Earnings and Revenue History
Quality Earnings: CBE is currently unprofitable.
Growing Profit Margin: CBE is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if CBE's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Unable to compare CBE's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CBE 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: CBE has a negative Return on Equity (-16.11%), as it is currently unprofitable.
Financial Health
How is Cobre's financial position?
Financial Position Analysis
Short Term Liabilities: CBE's short term assets (A$8.3M) exceed its short term liabilities (A$1.2M).
Long Term Liabilities: CBE has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: CBE's debt to equity ratio (3.1%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if CBE's debt to equity ratio has reduced over the 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: CBE has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: CBE has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 85.1% each year
Dividend
What is Cobre current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CBE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CBE'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 CBE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CBE'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 CBE'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 board tenure
CEO
Martin Holland
no data
Tenure
AU$1,121,319
Compensation
Mr. Martin Christopher Holland serves as a Head of Corporate and Executive Director at OzAurum Resources Limited since June 1, 2021. He was a Non-Executive Director at OzAurum Resources Limited since Augus...
CEO Compensation Analysis
Compensation vs Market: Martin's total compensation ($USD839.75K) is above average for companies of similar size in the Australian market ($USD303.55K).
Compensation vs Earnings: Martin's compensation has increased whilst the company is unprofitable.
Board Members
Experienced Board: CBE's board of directors are not considered experienced ( 1.9 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: 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 substantially diluted in the past year, with total shares outstanding growing by 52.1%.
Top Shareholders
Company Information
Cobre Limited's employee growth, exchange listings and data sources
Key Information
- Name: Cobre Limited
- Ticker: CBE
- Exchange: ASX
- Founded: 2018
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: AU$15.038m
- Shares outstanding: 156.65m
- Website: https://www.cobre.com.au
Location
- Cobre Limited
- 151 Macquarie Street
- Level 7
- Sydney
- New South Wales
- 2000
- Australia
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/21 18:22 |
| End of Day Share Price | 2021/10/21 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2021/06/30 |
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.