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Carawine ResourcesASX:CWX Stock Report

Market Cap







25 Oct, 2021


Company Financials
CWX fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance0/6
Financial Health6/6

CWX Overview

Carawine Resources Limited explores for and develops mineral projects in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Carawine Resources
Historical stock prices
Current Share PriceAU$0.21
52 Week HighAU$0.17
52 Week LowAU$0.53
1 Month Change5.00%
3 Month Change-8.70%
1 Year Change-36.36%
3 Year Change13.51%
5 Year Changen/a
Change since IPO5.00%

Recent News & Updates

Shareholder Returns

CWXAU Metals and MiningAU Market

Return vs Industry: CWX underperformed the Australian Metals and Mining industry which returned 10.8% over the past year.

Return vs Market: CWX underperformed the Australian Market which returned 21.3% over the past year.

Price Volatility

Is CWX's price volatile compared to industry and market?
CWX volatility
CWX Beta0.70
Industry Beta0.97
Market Beta1

Stable Share Price: CWX is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: CWX's weekly volatility (8%) has been stable over the past year.

About the Company

2016n/aDavid Boyd

Carawine Resources Limited explores for and develops mineral projects in Australia. The company explores for gold, copper, silver, zinc, nickel, cobalt, manganese, and iron deposits. It holds interests in the Jamieson project located within the Mt Useful Slate Belt geological province, northeast Victoria; the Paterson project situated in the Paterson Province, Western Australia; the Fraser Range project located in the Fraser Range region, Western Australia; the Tropicana North project situated in the Tropicana region, Western Australia; and the Oakover project located in the Eastern Pilbara region, Western Australia.

Carawine Resources Fundamentals Summary

How do Carawine Resources's earnings and revenue compare to its market cap?
CWX fundamental statistics
Market CapAU$23.41m
Earnings (TTM)-AU$1.30m
Revenue (TTM)AU$20.79k


P/S Ratio


P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CWX income statement (TTM)
Cost of RevenueAU$0
Gross ProfitAU$20.79k

Last Reported Earnings

Jun 30, 2021

Next Earnings Date


Earnings per share (EPS)-0.012
Gross Margin100.00%
Net Profit Margin-6,273.82%
Debt/Equity Ratio0%

How did CWX perform over the long term?

See historical performance and comparison


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


Price to Book (PB) ratio

Share Price vs. Fair Value

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

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

Price To Earnings Ratio

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

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

Price to Book Ratio

PB vs Industry: CWX is good value based on its PB Ratio (1.6x) compared to the AU Metals and Mining industry average (2.6x).

Future Growth

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


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 Carawine 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 Carawine Resources performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CWX is currently unprofitable.

Growing Profit Margin: CWX is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: CWX is unprofitable, and losses have increased over the past 5 years at a rate of 14.8% per year.

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

Earnings vs Industry: CWX 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: CWX has a negative Return on Equity (-9.1%), as it is currently unprofitable.

Financial Health

How is Carawine Resources's financial position?

Financial Position Analysis

Short Term Liabilities: CWX's short term assets (A$4.1M) exceed its short term liabilities (A$462.3K).

Long Term Liabilities: CWX's short term assets (A$4.1M) exceed its long term liabilities (A$16.5K).

Debt to Equity History and Analysis

Debt Level: CWX is debt free.

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

Forecast Cash Runway: CWX has sufficient cash runway for 2.1 years if free cash flow continues to reduce at historical rates of 15.1% each year.


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

Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if CWX'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 CWX's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


CEO Compensation


David Boyd

no data




Mr. David Boyd, B.Sc (Hons), MAIG serves as Managing Director at Carawine Resources Limited and has been its Director since October 26, 2017. Mr. Boyd served as an Exploration Manager of Sheffield Resource...

CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD287.65K) is about average for companies of similar size in the Australian market ($USD302.38K).

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


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.

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 13.1%.

Top Shareholders

Company Information

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

Key Information

  • Name: Carawine Resources Limited
  • Ticker: CWX
  • Exchange: ASX
  • Founded: 2016
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$23.411m
  • Shares outstanding: 108.89m
  • Website:


  • Carawine Resources Limited
  • 38 Industry Street
  • Unit 3
  • Malaga
  • Western Australia
  • 6090
  • Australia


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 07:03
End of Day Share Price2021/10/25 00:00
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.