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COD

Coda MineralsASX:COD Stock Report

Market Cap

AU$99.7m

7D

18.6%

1Y

n/a

Updated

21 Oct, 2021

Data

Company Financials
COD fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

COD Overview

Coda Minerals Limited, an exploration company, focuses on the exploration, discovery, and development of minerals in the base metals, precious metals, and battery minerals sector.

Price History & Performance

Summary of all time highs, changes and price drops for Coda Minerals
Historical stock prices
Current Share PriceAU$1.02
52 Week HighAU$0.24
52 Week LowAU$1.75
Beta0
1 Month Change4.61%
3 Month Change-30.14%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO131.82%

Recent News & Updates

Sep 24
Here's Why We're Not Too Worried About Coda Minerals' (ASX:COD) Cash Burn Situation

Here's Why We're Not Too Worried About Coda Minerals' (ASX:COD) Cash Burn Situation

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...

Jun 08
Here's Why We're Not Too Worried About Coda Minerals' (ASX:COD) Cash Burn Situation

Here's Why We're Not Too Worried About Coda Minerals' (ASX:COD) Cash Burn Situation

Just because a business does not make any money, does not mean that the stock will go down. For example, although...

Shareholder Returns

CODAU Metals and MiningAU Market
7D18.6%1.8%1.5%
1Yn/a11.3%21.1%

Return vs Industry: Insufficient data to determine how COD performed against the Australian Metals and Mining industry.

Return vs Market: Insufficient data to determine how COD performed against the Australian Market.

Price Volatility

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

Stable Share Price: COD is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: COD's weekly volatility has decreased from 37% to 12% over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
2018n/aChris Stevenshttps://www.codaminerals.com

Coda Minerals Limited, an exploration company, focuses on the exploration, discovery, and development of minerals in the base metals, precious metals, and battery minerals sector. It has the exclusive right to earn up to a 75% interest in the Elizabeth Creek copper project covering an area of 739 square kilometers located in South Australia; and Cameron River Copper Gold project covering an area of 35 square kilometers located in Queensland. The company was incorporated in 2018 and is based in West Perth, Australia.

Coda Minerals Fundamentals Summary

How do Coda Minerals's earnings and revenue compare to its market cap?
COD fundamental statistics
Market CapAU$99.72m
Earnings (TTM)-AU$6.52m
Revenue (TTM)n/a

0x

P/S Ratio

-15.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
COD income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$6.52m
Earnings-AU$6.52m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.067
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0%

How did COD perform over the long term?

See historical performance and comparison

Valuation

Is Coda Minerals undervalued compared to its fair value and its price relative to the market?

4.34x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: COD is overvalued based on its PB Ratio (4.3x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

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

0.03%

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 Coda Minerals 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 Coda Minerals performed over the past 5 years?

-65.7%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: COD is currently unprofitable.

Growing Profit Margin: COD is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if COD's year-on-year earnings growth rate was positive over the past 5 years.

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

Earnings vs Industry: COD 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: COD has a negative Return on Equity (-28.38%), as it is currently unprofitable.


Financial Health

How is Coda Minerals's financial position?


Financial Position Analysis

Short Term Liabilities: COD's short term assets (A$22.0M) exceed its short term liabilities (A$1.1M).

Long Term Liabilities: COD's short term assets (A$22.0M) exceed its long term liabilities (A$91.8K).


Debt to Equity History and Analysis

Debt Level: COD is debt free.

Reducing Debt: COD had no debt 5 years ago.


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: COD has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: COD has sufficient cash runway for 2.6 years if free cash flow continues to reduce at historical rates of 48.5% each year.


Dividend

What is Coda Minerals's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

2.2yrs

Average board tenure


CEO

Chris Stevens

no data

Tenure

Mr. Chris Stevens, BA (Hons), MA (Oxon), MSc, GAICD, FAusIMM, serves as Chief Executive Officer of Coda Minerals Limited and has been its Director since April 26, 2018. He serves as Director at Enterprise...


Board Members

Experienced Board: COD's board of directors are not considered experienced ( 2.2 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: COD only recently listed within the past 12 months.


Top Shareholders

Company Information

Coda Minerals Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Coda Minerals Limited
  • Ticker: COD
  • Exchange: ASX
  • Founded: 2018
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$99.723m
  • Shares outstanding: 97.77m
  • Website: https://www.codaminerals.com

Location

  • Coda Minerals Limited
  • 6 Altona Street
  • West Perth
  • Western Australia
  • 6005
  • 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 18:21
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.