company background image
COB

Cobalt Blue HoldingsASX:COB Stock Report

Market Cap

AU$128.4m

7D

0%

1Y

330.0%

Updated

25 Oct, 2021

Data

Company Financials +
COB fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends0/6

COB Overview

Cobalt Blue Holdings Limited engages in the exploration and evaluation of early-stage cobalt resources in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Cobalt Blue Holdings
Historical stock prices
Current Share PriceAU$0.43
52 Week HighAU$0.095
52 Week LowAU$0.52
Beta0.25
1 Month Change30.30%
3 Month Change56.36%
1 Year Change330.00%
3 Year Change95.46%
5 Year Changen/a
Change since IPO95.46%

Recent News & Updates

Jun 10
Does Cobalt Blue Holdings (ASX:COB) Have A Healthy Balance Sheet?

Does Cobalt Blue Holdings (ASX:COB) Have A Healthy Balance Sheet?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Shareholder Returns

COBAU Metals and MiningAU Market
7D0%-1.7%0.6%
1Y330.0%10.8%21.3%

Return vs Industry: COB exceeded the Australian Metals and Mining industry which returned 10.8% over the past year.

Return vs Market: COB exceeded the Australian Market which returned 21.3% over the past year.

Price Volatility

Is COB's price volatile compared to industry and market?
COB volatility
COB Beta0.25
Industry Beta0.97
Market Beta1

Stable Share Price: COB is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: COB's weekly volatility (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2016n/aJoe Kaderavekhttps://www.cobaltblueholdings.com

Cobalt Blue Holdings Limited engages in the exploration and evaluation of early-stage cobalt resources in Australia. It holds 100% interest in the Broken Hill Cobalt project comprises seven tenements covering an area of approximately 220 square kilometers located in the Broken Hill, New South Wales. The company was incorporated in 2016 and is based in North Sydney, Australia.

Cobalt Blue Holdings Fundamentals Summary

How do Cobalt Blue Holdings's earnings and revenue compare to its market cap?
COB fundamental statistics
Market CapAU$128.35m
Earnings (TTM)-AU$2.68m
Revenue (TTM)AU$116.00k

1.1kx

P/S Ratio

-47.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
COB income statement (TTM)
RevenueAU$116.00k
Cost of RevenueAU$0
Gross ProfitAU$116.00k
ExpensesAU$2.80m
Earnings-AU$2.68m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.009
Gross Margin100.00%
Net Profit Margin-2,310.34%
Debt/Equity Ratio6.2%

How did COB perform over the long term?

See historical performance and comparison

Valuation

Is Cobalt Blue Holdings undervalued compared to its fair value and its price relative to the market?

3.93x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: COB is overvalued based on its PB Ratio (3.9x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

How is Cobalt Blue Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-13.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: COB is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: COB is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: COB is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: COB is forecast to have no revenue next year.

High Growth Revenue: COB is forecast to have no revenue next year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: COB is forecast to be unprofitable in 3 years.


Past Performance

How has Cobalt Blue Holdings performed over the past 5 years?

-13.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: COB is currently unprofitable.

Growing Profit Margin: COB is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: COB is unprofitable, and losses have increased over the past 5 years at a rate of 13.4% per year.

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

Earnings vs Industry: COB 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: COB has a negative Return on Equity (-8.21%), as it is currently unprofitable.


Financial Health

How is Cobalt Blue Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: COB's short term assets (A$10.0M) exceed its short term liabilities (A$2.0M).

Long Term Liabilities: COB's short term assets (A$10.0M) exceed its long term liabilities (A$2.3M).


Debt to Equity History and Analysis

Debt Level: COB's debt to equity ratio (6.2%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if COB'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: COB has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: COB has sufficient cash runway for 1.6 years if free cash flow continues to grow at historical rates of 3.3% each year.


Dividend

What is Cobalt Blue Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

3.1yrs

Average management tenure


CEO

Joe Kaderavek (53 yo)

5yrs

Tenure

AU$475,000

Compensation

Mr. Josef Kaderavek, also known as Joe, CFA has been Chief Executive Officer of Cobalt Blue Holdings Limited since October 24, 2016 and has been its Executive Director since October 24, 2016. Mr. Kaderavek...


CEO Compensation Analysis

Compensation vs Market: Joe's total compensation ($USD356.07K) is about average for companies of similar size in the Australian market ($USD302.38K).

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


Leadership Team

Experienced Management: COB's management team is considered experienced (3.1 years average tenure).


Board Members

Experienced Board: COB's board of directors are considered experienced (5 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 25.7%.


Top Shareholders

Company Information

Cobalt Blue Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Cobalt Blue Holdings Limited
  • Ticker: COB
  • Exchange: ASX
  • Founded: 2016
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$128.354m
  • Shares outstanding: 298.50m
  • Website: https://www.cobaltblueholdings.com

Number of Employees


Location

  • Cobalt Blue Holdings Limited
  • 100 Miller Street
  • Suite 17.03
  • North Sydney
  • New South Wales
  • 2060
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 16:58
End of Day Share Price2021/10/25 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.