company background image
CUL

Cullen ResourcesASX:CUL Stock Report

Market Cap

AU$7.1m

7D

5.6%

1Y

-36.7%

Updated

17 Oct, 2021

Data

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

CUL Overview

Cullen Resources Limited, together with its subsidiaries, engages in the mineral exploration activities in Western Australia and Finland.

Price History & Performance

Summary of all time highs, changes and price drops for Cullen Resources
Historical stock prices
Current Share PriceAU$0.019
52 Week HighAU$0.016
52 Week LowAU$0.042
Beta0.92
1 Month Change-9.52%
3 Month Change-13.64%
1 Year Change-36.67%
3 Year Change-13.63%
5 Year Change-71.21%
Change since IPO-99.52%

Recent News & Updates

Shareholder Returns

CULAU Metals and MiningAU Market
7D5.6%4.3%0.9%
1Y-36.7%12.2%20.2%

Return vs Industry: CUL underperformed the Australian Metals and Mining industry which returned 12.2% over the past year.

Return vs Market: CUL underperformed the Australian Market which returned 20.2% over the past year.

Price Volatility

Is CUL's price volatile compared to industry and market?
CUL volatility
CUL Beta0.92
Industry Beta0.97
Market Beta1

Stable Share Price: CUL is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 15% a week.

Volatility Over Time: CUL's weekly volatility (15%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
19821Chris Ringrosehttps://cullenresources.com.au

Cullen Resources Limited, together with its subsidiaries, engages in the mineral exploration activities in Western Australia and Finland. It primarily explores for gold, nickel, copper, iron ore, platinum group element, and volcanogenic massive sulfide deposits, as well as base metals. Cullen Resources Limited was incorporated in 1982 and is based in South Perth, Australia.

Cullen Resources Fundamentals Summary

How do Cullen Resources's earnings and revenue compare to its market cap?
CUL fundamental statistics
Market CapAU$7.10m
Earnings (TTM)-AU$1.35m
Revenue (TTM)AU$69.50k

105.6x

P/S Ratio

-5.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CUL income statement (TTM)
RevenueAU$69.50k
Cost of RevenueAU$0
Gross ProfitAU$69.50k
ExpensesAU$1.42m
Earnings-AU$1.35m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0036
Gross Margin100.00%
Net Profit Margin-1,937.52%
Debt/Equity Ratio0.0%

How did CUL perform over the long term?

See historical performance and comparison

Valuation

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

1.17x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: CUL is good value based on its PB Ratio (1.2x) compared to the AU Metals and Mining industry average (2.5x).


Future Growth

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

-0.3%

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 Cullen 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 Cullen Resources performed over the past 5 years?

-2.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CUL is currently unprofitable.

Growing Profit Margin: CUL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CUL is unprofitable, and losses have increased over the past 5 years at a rate of 2.5% per year.

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

Earnings vs Industry: CUL 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: CUL has a negative Return on Equity (-22.23%), as it is currently unprofitable.


Financial Health

How is Cullen Resources's financial position?


Financial Position Analysis

Short Term Liabilities: CUL's short term assets (A$1.5M) exceed its short term liabilities (A$164.3K).

Long Term Liabilities: CUL has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: CUL is debt free.

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

Forecast Cash Runway: CUL has less than a year of cash runway if free cash flow continues to grow at historical rates of 10.8% each year.


Dividend

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


Dividend Yield vs Market

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

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

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

18.3yrs

Average board tenure


CEO

Chris Ringrose

14.92yrs

Tenure

AU$285,355

Compensation

Dr. Chris Ringrose, BSc, PhD, MBA, MAIMM, MAICD, has been Managing Director of Cullen Resources Limited since November 3, 2006 and has been its Executive Director since June 19, 2003. Dr. Ringrose served a...


CEO Compensation Analysis

Compensation vs Market: Chris's total compensation ($USD211.80K) is below average for companies of similar size in the Australian market ($USD302.72K).

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


Board Members

Experienced Board: CUL's board of directors are seasoned and experienced ( 18.3 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 24.7%.


Top Shareholders

Company Information

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


Key Information

  • Name: Cullen Resources Limited
  • Ticker: CUL
  • Exchange: ASX
  • Founded: 1982
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$7.104m
  • Shares outstanding: 373.92m
  • Website: https://cullenresources.com.au

Number of Employees


Location

  • Cullen Resources Limited
  • 7 Hardy Street
  • Unit 4
  • South Perth
  • Western Australia
  • 6151
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/17 07:04
End of Day Share Price2021/10/15 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.