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CBE

CobreASX:CBE Stock Report

Market Cap

AU$15.0m

7D

-4.0%

1Y

-43.5%

Updated

21 Oct, 2021

Data

Company Financials
CBE fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends0/6

CBE Overview

Cobre Limited engages in the exploration and evaluation of mineral properties.

Price History & Performance

Summary of all time highs, changes and price drops for Cobre
Historical stock prices
Current Share PriceAU$0.096
52 Week HighAU$0.095
52 Week LowAU$0.29
Beta0
1 Month Change-33.79%
3 Month Change-38.07%
1 Year Change-43.53%
3 Year Changen/a
5 Year Changen/a
Change since IPO-61.60%

Recent News & Updates

Jan 09
Here's Why We're Not Too Worried About Cobre's (ASX:CBE) Cash Burn Situation

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

CBEAU Metals and MiningAU 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

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

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

FoundedEmployeesCEOWebsite
2018n/aMartin Hollandhttps://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

How do Cobre's earnings and revenue compare to its market cap?
CBE fundamental statistics
Market CapAU$15.04m
Earnings (TTM)-AU$2.75m
Revenue (TTM)AU$25.70k

600.0x

P/S Ratio

-5.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CBE income statement (TTM)
RevenueAU$25.70k
Cost of RevenueAU$238.00
Gross ProfitAU$25.46k
ExpensesAU$2.77m
Earnings-AU$2.75m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.018
Gross Margin99.07%
Net Profit Margin-10,690.21%
Debt/Equity Ratio3.1%

How did CBE perform over the long term?

See historical performance and comparison

Valuation

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 18:22
End of Day Share Price2021/10/21 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.