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CRL

Comet ResourcesASX:CRL Stock Report

Market Cap

AU$18.0m

7D

-3.7%

1Y

23.8%

Updated

25 Oct, 2021

Data

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

CRL Overview

Comet Resources Limited operates as a mineral exploration company in Australia and Mexico.

Price History & Performance

Summary of all time highs, changes and price drops for Comet Resources
Historical stock prices
Current Share PriceAU$0.026
52 Week HighAU$0.016
52 Week LowAU$0.036
Beta1.97
1 Month Change-10.35%
3 Month Change23.81%
1 Year Change23.81%
3 Year Change-18.75%
5 Year Change-50.94%
Change since IPO-76.36%

Recent News & Updates

Shareholder Returns

CRLAU Metals and MiningAU Market
7D-3.7%-1.7%0.6%
1Y23.8%10.8%21.3%

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

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

Price Volatility

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

Stable Share Price: CRL is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: CRL's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
1993n/aMatthew O’Kanehttps://www.cometres.com.au

Comet Resources Limited operates as a mineral exploration company in Australia and Mexico. The company holds a 50% interest in the Santa Teresa gold project that consists of two mineral claims covering an area of 202 hectares located in the El Alamo district, Baja California, Mexico. It also holds a 100% interest in the Barraba copper project covering an area of 2,375 hectares located near the town of Barraba; and a 100% interest in the Springdale Graphite project comprising two tenements located in south western Australia.

Comet Resources Fundamentals Summary

How do Comet Resources's earnings and revenue compare to its market cap?
CRL fundamental statistics
Market CapAU$17.98m
Earnings (TTM)-AU$3.34m
Revenue (TTM)n/a

0x

P/S Ratio

-5.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CRL income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$3.34m
Earnings-AU$3.34m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0048
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did CRL perform over the long term?

See historical performance and comparison

Valuation

Is Comet Resources 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 CRL's fair value to establish if it is undervalued.

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


Price To Earnings Ratio

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

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


Price to Book Ratio

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


Future Growth

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

-0.5%

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 Comet 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.


Past Performance

How has Comet Resources performed over the past 5 years?

-21.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CRL is currently unprofitable.

Growing Profit Margin: CRL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CRL is unprofitable, and losses have increased over the past 5 years at a rate of 21.7% per year.

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

Earnings vs Industry: CRL 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: CRL has a negative Return on Equity (-73.01%), as it is currently unprofitable.


Financial Health

How is Comet Resources's financial position?


Financial Position Analysis

Short Term Liabilities: CRL's short term assets (A$2.4M) exceed its short term liabilities (A$580.3K).

Long Term Liabilities: CRL has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: CRL is debt free.

Reducing Debt: CRL 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: CRL has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: CRL has sufficient cash runway for 1.6 years if free cash flow continues to reduce at historical rates of 15.7% each year.


Dividend

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


Dividend Yield vs Market

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

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

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

2.8yrs

Average board tenure


CEO

Matthew O’Kane

1.92yrs

Tenure

AU$455,490

Compensation

Mr. Matthew O’Kane serves as Non-Executive Director at Cervantes Corporation Limited since May 20, 2021. He served as Non-Executive Director at Roto-Gro International Limited since November 30, 2020 until...


CEO Compensation Analysis

Compensation vs Market: Matthew's total compensation ($USD341.45K) is about average for companies of similar size in the Australian market ($USD302.38K).

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


Board Members

Experienced Board: CRL's board of directors are not considered experienced ( 2.8 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 25.9%.


Top Shareholders

Company Information

Comet Resources Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Comet Resources Limited
  • Ticker: CRL
  • Exchange: ASX
  • Founded: 1993
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$17.981m
  • Shares outstanding: 691.59m
  • Website: https://www.cometres.com.au

Location

  • Comet Resources Limited
  • 330 Churchill Avenue
  • Suite 9
  • Subiaco
  • Western Australia
  • 6008
  • 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 16:41
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.