ASX:CZI

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

Cassini Resources Limited, together with its subsidiaries, explores for and develops base and precious mineral properties in Australia.


Snowflake Analysis

Mediocre balance sheet with weak fundamentals.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

6.3%

CZI

0.09%

AU Metals and Mining

0.3%

AU Market


1 Year Return

75.3%

CZI

-4.5%

AU Metals and Mining

-10.9%

AU Market

Return vs Industry: CZI exceeded the Australian Metals and Mining industry which returned -4.5% over the past year.

Return vs Market: CZI exceeded the Australian Market which returned -10.9% over the past year.


Shareholder returns

CZIIndustryMarket
7 Day6.3%0.09%0.3%
30 Day41.7%0.4%2.7%
90 Day157.6%28.3%18.6%
1 Year75.3%75.3%0.7%-4.5%-7.2%-10.9%
3 Year214.8%214.8%67.5%43.9%17.2%1.7%
5 Year174.2%174.2%120.8%76.3%35.7%6.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

4.07x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: CZI is overvalued based on its PB Ratio (4.1x) compared to the AU Metals and Mining industry average (1.7x).


Next Steps

Future Growth

How is Cassini Resources forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

49.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CZI is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: CZI is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: CZI is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: CZI is forecast to have no revenue next year.

High Growth Revenue: CZI is forecast to have no revenue next year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CZI is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

How has Cassini Resources performed over the past 5 years?

22.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CZI is currently unprofitable.

Growing Profit Margin: CZI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CZI is unprofitable, but has reduced losses over the past 5 years at a rate of 22.6% per year.

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

Earnings vs Industry: CZI is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-8.4%).


Return on Equity

High ROE: CZI has a negative Return on Equity (-13.13%), as it is currently unprofitable.


Next Steps

Financial Health

How is Cassini Resources's financial position?


Financial Position Analysis

Short Term Liabilities: CZI's short term assets (A$8.0M) exceed its short term liabilities (A$914.2K).

Long Term Liabilities: CZI's short term assets (A$8.0M) exceed its long term liabilities (A$7.7M).


Debt to Equity History and Analysis

Debt Level: CZI's debt to equity ratio (40.4%) is considered high.

Reducing Debt: Insufficient data to determine if CZI's debt to equity ratio has reduced over the 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: CZI has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: CZI has sufficient cash runway for 1.6 years if free cash flow continues to reduce at historical rates of 22.9% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

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

6.2yrs

Average management tenure


CEO

Richard Bevan (54yo)

8.5yrs

Tenure

AU$381,744

Compensation

Mr. Richard Gwynn Bevan serves as the Managing Director of Cool Clear Water Group Limited. Mr. Bevan has been a Managing Director of Cassini Resources Limited since January 09, 2012. Mr. Bevan served as Ma ...


CEO Compensation Analysis

Compensation vs Market: Richard's total compensation ($USD263.89K) is about average for companies of similar size in the Australian market ($USD261.69K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Richard Bevan
MD & Executive Director8.5yrsAU$381.74k1.84% A$1.4m
Gregory Miles
Chief Operating Officer0.58yrAU$295.62k1.33% A$994.4k
Steven Wood
Company Secretaryno datano datano data
Ben Grguric
Mineralogist Consultant6.17yrsno datano data

6.2yrs

Average Tenure

Experienced Management: CZI's management team is seasoned and experienced (6.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Richard Bevan
MD & Executive Director8.5yrsAU$381.74k1.84% A$1.4m
Michael Young
Independent Non-Executive Chairman8.5yrsAU$50.00k1.47% A$1.1m
Philip Warren
Independent Non-Executive Director9.33yrsAU$40.00k0.55% A$410.1k
Jonathan Hronsky
Independent Non-Executive Director6.25yrsAU$40.00k0.42% A$311.7k
Sze Suen
Non-executive Director0.58yrno data0.035% A$26.3k

8.5yrs

Average Tenure

52.5yo

Average Age

Experienced Board: CZI's board of directors are considered experienced (8.5 years average tenure).


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 2.9%.


Top Shareholders

Company Information

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


Key Information

  • Name: Cassini Resources Limited
  • Ticker: CZI
  • Exchange: ASX
  • Founded: 2011
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$74.857m
  • Shares outstanding: 427.76m
  • Website: https://www.cassiniresources.com.au

Location

  • Cassini Resources Limited
  • 16 Ord Street
  • Ground Floor
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CZIASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJan 2012
CZICHIA (Chi-X Australia)YesOrdinary SharesAUAUDJan 2012
ICRDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 2012

Biography

Cassini Resources Limited, together with its subsidiaries, explores for and develops base and precious mineral properties in Australia. The company explores for nickel, copper, cobalt, platinum and palladium, and gold deposits. Its flagship property is the West Musgrave project located in Western Australia. The company was incorporated in 2011 and is based in West Perth, Australia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/02 10:39
End of Day Share Price2020/07/02 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.