ASX:CUL

Stock Analysis Report

Executive Summary

Cullen Resources Limited engages in the mineral exploration activities in Western Australia and Finland.

Snowflake

Fundamentals

Adequate balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-7.1%

CUL

-0.6%

AU Metals and Mining

0.7%

AU Market


1 Year Return

-40.9%

CUL

9.7%

AU Metals and Mining

11.0%

AU Market

Return vs Industry: CUL underperformed the Australian Metals and Mining industry which returned 9.7% over the past year.

Return vs Market: CUL underperformed the Australian Market which returned 11% over the past year.


Shareholder returns

CULIndustryMarket
7 Day-7.1%-0.6%0.7%
30 Day-13.3%-3.4%-0.2%
90 Day0%-9.3%-0.1%
1 Year-37.4%-40.9%17.4%9.7%17.4%11.0%
3 Year-79.1%-80.3%64.1%44.2%36.3%18.0%
5 Year-93.0%-94.1%58.4%22.3%51.4%17.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

0.44x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

Significantly Undervalued: 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 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

Low 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 (0.4x) compared to the AU Metals and Mining industry average (1.6x).


Next Steps

Future Growth

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

2.4%

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.


Next Steps

Past Performance

How has Cullen Resources performed over the past 5 years?

15.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: CUL is unprofitable, but has reduced losses over the past 5 years at a rate of 15% 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 (1.3%).


Return on Equity

High ROE: CUL has a negative Return on Equity (-21.57%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: CUL is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: CUL is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Cullen Resources's financial position?


Financial Position Analysis

Short Term Liabilities: CUL's short term assets (A$407.7K) exceeds its short term liabilities (A$149.9K)

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

Inventory Level: CUL has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if CUL's debt is covered by short term assets.


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 less than a year of cash runway 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 10.4% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.5%markettop25%5.6%industryaverage4.8%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

What is the CEO of Cullen Resources's salary, the management and board of directors tenure and is there insider trading?

16.3yrs

Average board tenure


CEO

Chris Ringrose 0

12.9yrs

Tenure

AU$206,465

Compensation

Dr. Chris Ringrose, BSc, PhD, MBA, MAIMM, MAICD has been Managing Director of Cullen Resources Ltd. since November 3, 2006. Dr. Ringrose served as Exploration Director of Cullen Resources Ltd. from June 19 ...


CEO Compensation Analysis

Compensation vs. Market: Chris's total compensation ($USD139.61K) is about average for companies of similar size in the Australian market ($USD261.02K).

Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.


Board Age and Tenure

16.3yrs

Average Tenure

Experienced Board: CUL's board of directors are seasoned and experienced ( 16.3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyAU$1,77211 Jun 19
Wayne Kernaghan
EntityIndividual
Role
Member of the Board of Directors
Company Secretary & Non-Executive Director
Shares177,229
Max PriceAU$0.01
BuyAU$17805 Jun 19
Wayne Kernaghan
EntityIndividual
Role
Member of the Board of Directors
Company Secretary & Non-Executive Director
Shares17,771
Max PriceAU$0.01
BuyAU$19,20903 Jun 19
Wayne Kernaghan
EntityIndividual
Role
Member of the Board of Directors
Company Secretary & Non-Executive Director
Shares1,805,000
Max PriceAU$0.011

Ownership Breakdown


Management Team

  • Chris Ringrose

    MD & Director

    • Tenure: 12.9yrs
    • Compensation: AU$206.47k
  • Wayne Kernaghan (59yo)

    Company Secretary & Non-Executive Director

    • Tenure: 21.9yrs
    • Compensation: AU$51.65k
  • Matthias Cornelius

    Consultant

    • Tenure: 0yrs

Board Members

  • Chris Ringrose

    MD & Director

    • Tenure: 12.9yrs
    • Compensation: AU$206.47k
  • Wayne Kernaghan (59yo)

    Company Secretary & Non-Executive Director

    • Tenure: 21.9yrs
    • Compensation: AU$51.65k
  • John Horsburgh (73yo)

    Non-Executive Chairman

    • Tenure: 1.9yrs
    • Compensation: AU$25.55k

Company Information

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


Key Information

  • Name: Cullen Resources Limited
  • Ticker: CUL
  • Exchange: ASX
  • Founded:
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$2.373m
  • Shares outstanding: 169.46m
  • Website: https://www.cullenresources.com.au

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CULASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJan 1992
CZADB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
CULCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJan 1992

Biography

Cullen Resources Limited engages in the mineral exploration activities in Western Australia and Finland. It primarily explores for gold, nickel, copper, zinc, cobalt, and iron ores. Cullen Resources Limite ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/16 10:32
End of Day Share Price2019/10/16 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.