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CVV

Caravel MineralsASX:CVV Stock Report

Market Cap

AU$130.6m

7D

-8.3%

1Y

175.0%

Updated

09 Dec, 2021

Data

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

CVV Stock Overview

Caravel Minerals Limited, together with its subsidiaries, operates as a copper exploration and development company in Western Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Caravel Minerals
Historical stock prices
Current Share PriceAU$0.33
52 Week HighAU$0.63
52 Week LowAU$0.12
Beta1.76
1 Month Change-10.81%
3 Month Change-27.47%
1 Year Change175.00%
3 Year Change511.11%
5 Year Change345.95%
Change since IPO-95.59%

Recent News & Updates

Jul 06
We Think Caravel Minerals (ASX:CVV) Can Easily Afford To Drive Business Growth

We Think Caravel Minerals (ASX:CVV) Can Easily Afford To Drive Business Growth

We can readily understand why investors are attracted to unprofitable companies. Indeed, Caravel Minerals ( ASX:CVV...

Shareholder Returns

CVVAU Metals and MiningAU Market
7D-8.3%2.1%2.1%
1Y175.0%4.0%10.7%

Return vs Industry: CVV exceeded the Australian Metals and Mining industry which returned 4% over the past year.

Return vs Market: CVV exceeded the Australian Market which returned 10.7% over the past year.

Price Volatility

Is CVV's price volatile compared to industry and market?
CVV volatility
CVV Average Weekly Movement11.5%
Metals and Mining Industry Average Movement10.5%
Market Average Movement8.3%
10% most volatile stocks in AU Market15.6%
10% least volatile stocks in AU Market3.7%

Stable Share Price: CVV is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: CVV's weekly volatility (12%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2006n/aSteve Abbotthttps://caravelminerals.com.au

Caravel Minerals Limited, together with its subsidiaries, operates as a copper exploration and development company in Western Australia. The company’s flagship property is the Caravel Copper project located to the north-east of Perth in Western Australia. It also explores for gold, copper, and molybdenum deposits.

Caravel Minerals Fundamentals Summary

How do Caravel Minerals's earnings and revenue compare to its market cap?
CVV fundamental statistics
Market CapAU$130.60m
Earnings (TTM)-AU$11.20m
Revenue (TTM)n/a

0.0x

P/S Ratio

-11.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CVV income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$11.20m
Earnings-AU$11.20m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.029
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did CVV perform over the long term?

See historical performance and comparison

Valuation

Is Caravel Minerals undervalued compared to its fair value and its price relative to the market?

8.43x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: CVV is overvalued based on its PB Ratio (8.4x) compared to the AU Metals and Mining industry average (2.4x).


Future Growth

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

1.0%

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 Caravel Minerals 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 Caravel Minerals performed over the past 5 years?

-32.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CVV is currently unprofitable.

Growing Profit Margin: CVV is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CVV is unprofitable, and losses have increased over the past 5 years at a rate of 32.3% per year.

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

Earnings vs Industry: CVV 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: CVV has a negative Return on Equity (-73.43%), as it is currently unprofitable.


Financial Health

How is Caravel Minerals's financial position?


Financial Position Analysis

Short Term Liabilities: CVV's short term assets (A$13.6M) exceed its short term liabilities (A$1.7M).

Long Term Liabilities: CVV has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: CVV is debt free.

Reducing Debt: CVV had no debt 5 years ago.


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

Forecast Cash Runway: CVV has sufficient cash runway for 1.2 years if free cash flow continues to reduce at historical rates of 17.3% each year.


Dividend

What is Caravel Minerals's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

3.5yrs

Average management tenure


CEO

Steve Abbott

2.58yrs

Tenure

AU$514,256

Compensation

Mr. Stephen Leslie Abbott, also known as Steve, serves as Managing Director and Director of Caravel Minerals Limited since May 29, 2019. Mr. Abbott joined Caravel Minerals in September 2018 as General Mana...


CEO Compensation Analysis

Compensation vs Market: Steve's total compensation ($USD368.67K) is about average for companies of similar size in the Australian market ($USD290.27K).

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


Leadership Team

Experienced Management: CVV's management team is considered experienced (3.5 years average tenure).


Board Members

Experienced Board: CVV's board of directors are not considered experienced ( 2.6 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 21.2%.


Top Shareholders

Company Information

Caravel Minerals Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Caravel Minerals Limited
  • Ticker: CVV
  • Exchange: ASX
  • Founded: 2006
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$130.600m
  • Shares outstanding: 389.85m
  • Website: https://caravelminerals.com.au

Location

  • Caravel Minerals Limited
  • 245 Churchill Avenue
  • Suite 1
  • 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 Analysis2021/12/09 07:02
End of Day Share Price2021/12/09 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.