ASX:CUL

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Flawless 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

Stable Share Price: CUL's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-3.4%

CUL

-2.8%

AU Metals and Mining

1.2%

AU Market


1 Year Return

86.7%

CUL

9.5%

AU Metals and Mining

-10.3%

AU Market

Return vs Industry: CUL exceeded the Australian Metals and Mining industry which returned 9.5% over the past year.

Return vs Market: CUL exceeded the Australian Market which returned -10.3% over the past year.


Shareholder returns

CULIndustryMarket
7 Day-3.4%-2.8%1.2%
30 Day47.4%-2.4%-1.9%
90 Day86.7%8.4%4.8%
1 Year93.1%86.7%14.6%9.5%-7.1%-10.3%
3 Year39.4%27.3%67.7%44.4%18.6%3.3%
5 Year-47.7%-57.6%152.1%103.7%46.1%15.4%

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?

1.07x

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 AU 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 (1.1x) compared to the AU Metals and Mining industry average (2.3x).


Next Steps

Future Growth

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

2.5%

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 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?

10.2%

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, but has reduced losses over the past 5 years at a rate of 10.2% 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 (15.3%).


Return on Equity

High ROE: CUL has a negative Return on Equity (-17.74%), as it is currently unprofitable.


Next Steps

Financial Health

How is Cullen Resources's financial position?


Financial Position Analysis

Short Term Liabilities: CUL's short term assets (A$315.1K) exceed its short term liabilities (A$147.1K).

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 4 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: CUL is forecast to have sufficient cash runway for 4 months based on free cash flow estimates, but has since raised additional capital.


Next Steps

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?

17.3yrs

Average board tenure


CEO

Chris Ringrose

13.83yrs

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 ($USD144.84K) is below average for companies of similar size in the Australian market ($USD275.06K).

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


Board Members

NamePositionTenureCompensationOwnership
Chris Ringrose
MD & Director13.83yrsAU$206.47k0.61%
A$ 54.9k
Wayne Kernaghan
Independent Company Secretary & Non-Executive Director22.83yrsAU$51.65k3.66%
A$ 329.1k
John Horsburgh
Independent Non-Executive Chairman2.83yrsAU$25.55k3.9%
A$ 350.5k

17.3yrs

Average Tenure

Experienced Board: CUL's board of directors are seasoned and experienced ( 17.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: CUL 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 substantially diluted in the past year, with total shares outstanding growing by 77%.


Top Shareholders

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$8.998m
  • Shares outstanding: 299.92m
  • 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, lithium, and iron ores. Cullen Resourc ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/28 10:36
End of Day Share Price2020/09/28 00:00
Earnings2019/12/31
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.