ASX:CBY

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Canterbury Resources

Executive Summary

Canterbury Resources Limited engages in the mineral exploration activities in Australia, Vanuatu, and Papua New Guinea. More Details


Snowflake Analysis

Mediocre balance sheet and overvalued.

Share Price & News

How has Canterbury Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CBY's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-14.8%

CBY

-4.4%

AU Metals and Mining

-3.9%

AU Market


1 Year Return

-57.4%

CBY

7.6%

AU Metals and Mining

-9.6%

AU Market

Return vs Industry: CBY underperformed the Australian Metals and Mining industry which returned 7.6% over the past year.

Return vs Market: CBY underperformed the Australian Market which returned -9.6% over the past year.


Shareholder returns

CBYIndustryMarket
7 Day-14.8%-4.4%-3.9%
30 Day-11.5%-1.4%1.8%
90 Dayn/a-4.6%1.7%
1 Year-57.4%-57.4%13.2%7.6%-6.4%-9.6%
3 Yearn/a45.8%25.5%12.3%-1.9%
5 Yearn/a134.0%88.1%40.0%11.3%

Price Volatility Vs. Market

How volatile is Canterbury Resources's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

1.21x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: CBY is good value based on its PB Ratio (1.2x) compared to the AU Metals and Mining industry average (2.4x).


Next Steps

Future Growth

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

2.7%

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 Canterbury 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.


Next Steps

Past Performance

How has Canterbury Resources performed over the past 5 years?

-34.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CBY is currently unprofitable.

Growing Profit Margin: CBY is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CBY is unprofitable, and losses have increased over the past 5 years at a rate of 34.5% per year.

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

Earnings vs Industry: CBY is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (38%).


Return on Equity

High ROE: CBY has a negative Return on Equity (-12.16%), as it is currently unprofitable.


Next Steps

Financial Health

How is Canterbury Resources's financial position?


Financial Position Analysis

Short Term Liabilities: CBY's short term assets (A$302.4K) do not cover its short term liabilities (A$690.6K).

Long Term Liabilities: CBY's short term assets (A$302.4K) exceed its long term liabilities (A$8.2K).


Debt to Equity History and Analysis

Debt Level: CBY is debt free.

Reducing Debt: CBY 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: CBY has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: CBY has less than a year of cash runway if free cash flow continues to reduce at historical rates of 35.7% each year


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

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

9.3yrs

Average board tenure


CEO

Grant Craighead

no data

Tenure

AU$318,326

Compensation

Mr. Grant Alan Craighead, B Sc, MAusIMM, GAICD, has been Executive Director of Canterbury Resources Limited since July 19, 2011 and serves as its Managing Director. Mr. Craighead serves as Equity Analyst o ...


CEO Compensation Analysis

Compensation vs Market: Grant's total compensation ($USD224.03K) is about average for companies of similar size in the Australian market ($USD274.23K).

Compensation vs Earnings: Grant's compensation has increased whilst the company is unprofitable.


Board Members

NamePositionTenureCompensationOwnership
Grant Craighead
MD & Executive Directorno dataAU$318.33k6.82%
A$ 869.0k
Michael Erceg
Manager of Exploration & Executive Director1.83yrsAU$178.34k0.65%
A$ 82.2k
Ross Moller
Co-Company Secretary & Non-Executive Director9.25yrsAU$112.48k2.14%
A$ 272.8k
Robyn Watts
Non-Executive Director0.58yrAU$24.84kno data
John Ernest Anderson
Independent Non-Executive Chairman9.25yrsAU$88.34k2.9%
A$ 369.4k

9.3yrs

Average Tenure

Experienced Board: CBY's board of directors are considered experienced (9.3 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 35.6%.


Top Shareholders

Company Information

Canterbury Resources Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Canterbury Resources Limited
  • Ticker: CBY
  • Exchange: ASX
  • Founded: 2011
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$12.738m
  • Shares outstanding: 110.76m
  • Website: https://www.canterburyresources.com.au

Location

  • Canterbury Resources Limited
  • 55 Miller Street
  • Suite 108
  • Pyrmont
  • New South Wales
  • 2009
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CBYASX (Australian Securities Exchange)YesOrdinary SharesAUAUDOct 2018
CBYCHIA (Chi-X Australia)YesOrdinary SharesAUAUDOct 2018

Biography

Canterbury Resources Limited engages in the mineral exploration activities in Australia, Vanuatu, and Papua New Guinea. The company primarily explores for copper, molybdenum, silver, and gold deposits. It ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/31 10:42
End of Day Share Price2020/10/30 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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.