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.

Risks

  • Cullen Resources has significant price volatility in the past 3 months.
  • Cullen Resources's last earnings update was 193 days ago.
  • Cullen Resources is not covered by any analysts.

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

-6.3%

ASX:CUL

0.8%

AU Metals and Mining

0.5%

AU Market


1 Year Return

-31.8%

ASX:CUL

18.2%

AU Metals and Mining

6.3%

AU Market

CUL underperformed the Metals and Mining industry which returned 18.2% over the past year.

CUL underperformed the Market in Australia which returned 6.3% over the past year.


Share holder returns

CULIndustryMarket
7 Day-6.3%0.8%0.5%
30 Day0%1.8%4.5%
90 Day87.5%-2.0%2.5%
1 Year-27.8%-31.8%26.4%18.2%12.4%6.3%
3 Year-75.9%-77.3%84.4%60.6%41.3%22.3%
5 Year-93.2%-94.3%54.1%18.9%47.8%14.7%

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 based on future cash flows and its price relative to the stock market?

0.45x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Cullen Resources to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Cullen Resources to establish if it is available at substantial discount.


Price Based on Earnings

Cullen Resources is loss making, we can't compare its value to the AU Metals and Mining industry average.

Cullen Resources is loss making, we can't compare the value of its earnings to the Australia market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Cullen Resources, we can't assess if its growth is good value.


Price Based on Value of Assets

Cullen Resources is good value based on assets compared to the AU Metals and Mining industry average.


Next Steps

Future Growth

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

3.3%

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.


Next Steps

Past Performance

How has Cullen Resources performed over the past 5 years?

19.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Cullen Resources does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.

Unable to compare Cullen Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Cullen Resources's 1-year growth to the AU Metals and Mining industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Cullen Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Cullen Resources has efficiently used its assets last year compared to the AU Metals and Mining industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Cullen Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Cullen Resources's financial position?


Financial Position Analysis

Cullen Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Cullen Resources has no long term commitments.


Debt to Equity History and Analysis

Cullen Resources has no debt.

Cullen Resources has not taken on any debt in the past 5 years.


Balance Sheet

Low level of unsold assets.

Cullen Resources has no debt, it does not need to be 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.

Cullen Resources has less than a year of cash runway based on current free cash flow.

Cullen Resources has less than a year of cash runway if free cash flow continues to reduce at historical rates of -20.1% each year.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate Cullen Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Cullen Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Cullen Resources has not reported any payouts.

Unable to verify if Cullen Resources's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Cullen Resources has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


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

12.8yrs

Tenure

AU$217,273

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

Chris's remuneration is lower than average for companies of similar size in Australia.

Chris's compensation has been consistent with company performance over the past year, both up more than 20%.


Board Age and Tenure

16.3yrs

Average Tenure

The average tenure for the Cullen Resources board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


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
BuyAU$5,36517 Oct 18
Wayne Kernaghan
EntityIndividual
Role
Member of the Board of Directors
Company Secretary & Non-Executive Director
Shares244,155.73
Max PriceAU$0.022
BuyAU$9,99308 Oct 18
John Horsburgh
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares454,545.46
Max PriceAU$0.022
BuyAU$5,92204 Oct 18
Wayne Kernaghan
EntityIndividual
Role
Member of the Board of Directors
Company Secretary & Non-Executive Director
Shares269,299.23
Max PriceAU$0.022

Ownership Breakdown


Management Team

  • Chris Ringrose

    MD & Director

    • Tenure: 12.8yrs
    • Compensation: AU$217.27k
  • Wayne Kernaghan (59yo)

    Company Secretary & Non-Executive Director

    • Tenure: 21.8yrs
    • Compensation: AU$51.90k
  • Matthias Cornelius

    Consultant

    • Tenure: 0yrs

Board Members

  • Chris Ringrose

    MD & Director

    • Tenure: 12.8yrs
    • Compensation: AU$217.27k
  • Wayne Kernaghan (59yo)

    Company Secretary & Non-Executive Director

    • Tenure: 21.8yrs
    • Compensation: AU$51.90k
  • John Horsburgh (73yo)

    Non-Executive Chairman

    • Tenure: 1.8yrs
    • Compensation: AU$24.12k

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$2.542m
  • 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

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 Analysis2019/09/15 10:31
End of Day Share Price2019/09/11 00:00
Earnings2018/12/31
Annual Earnings2018/06/30


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.