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CZN

Corazon MiningASX:CZN Stock Report

Market Cap

AU$10.2m

7D

21.2%

1Y

-42.9%

Updated

18 Oct, 2021

Data

Company Financials
CZN fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

CZN Overview

Corazon Mining Limited engages in the exploration and development of mineral resources.

Price History & Performance

Summary of all time highs, changes and price drops for Corazon Mining
Historical stock prices
Current Share PriceAU$0.04
52 Week HighAU$0.029
52 Week LowAU$0.08
Beta-0.062
1 Month Change5.26%
3 Month Change2.56%
1 Year Change-42.86%
3 Year Change-71.42%
5 Year Change-88.24%
Change since IPO-99.00%

Recent News & Updates

Shareholder Returns

CZNAU Metals and MiningAU Market
7D21.2%4.3%0.9%
1Y-42.9%12.2%20.2%

Return vs Industry: CZN underperformed the Australian Metals and Mining industry which returned 12.2% over the past year.

Return vs Market: CZN underperformed the Australian Market which returned 20.2% over the past year.

Price Volatility

Is CZN's price volatile compared to industry and market?
CZN volatility
CZN Beta-0.062
Industry Beta0.97
Market Beta1

Stable Share Price: CZN is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: CZN's weekly volatility has decreased from 21% to 9% over the past year.

About the Company

FoundedEmployeesCEOWebsite
2005n/aBrett Smithhttps://corazon.com.au

Corazon Mining Limited engages in the exploration and development of mineral resources. It primarily explores for nickel, cobalt, copper, and gold. The company holds 100% interest in the Lynn Lake project located in Manitoba, Canada.

Corazon Mining Fundamentals Summary

How do Corazon Mining's earnings and revenue compare to its market cap?
CZN fundamental statistics
Market CapAU$10.15m
Earnings (TTM)-AU$830.07k
Revenue (TTM)n/a

0x

P/S Ratio

-12.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CZN income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$830.07k
Earnings-AU$830.07k

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0033
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did CZN perform over the long term?

See historical performance and comparison

Valuation

Is Corazon Mining undervalued compared to its fair value and its price relative to the market?

1.48x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: CZN is good value based on its PB Ratio (1.5x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

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

-0.3%

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 Corazon Mining 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 Corazon Mining performed over the past 5 years?

19.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CZN is currently unprofitable.

Growing Profit Margin: CZN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CZN is unprofitable, but has reduced losses over the past 5 years at a rate of 19.9% per year.

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

Earnings vs Industry: CZN 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: CZN has a negative Return on Equity (-12.07%), as it is currently unprofitable.


Financial Health

How is Corazon Mining's financial position?


Financial Position Analysis

Short Term Liabilities: CZN's short term assets (A$678.6K) exceed its short term liabilities (A$133.1K).

Long Term Liabilities: CZN has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: CZN is debt free.

Reducing Debt: CZN 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: CZN has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: CZN is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.


Dividend

What is Corazon Mining current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

7.7yrs

Average board tenure


CEO

Brett Smith

11.25yrs

Tenure

AU$317,210

Compensation

Mr. Brett Sidney Smith, BSc (Hons), MAusIMM, MAIG, MAICD, has been an Executive Managing Director and Executive Director of Corazon Mining Limited (Alternative Name is Xanadu Resources Limited) since July...


CEO Compensation Analysis

Compensation vs Market: Brett's total compensation ($USD235.44K) is about average for companies of similar size in the Australian market ($USD302.72K).

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


Board Members

Experienced Board: CZN's board of directors are considered experienced (7.7 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 56%.


Top Shareholders

Company Information

Corazon Mining Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Corazon Mining Limited
  • Ticker: CZN
  • Exchange: ASX
  • Founded: 2005
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$10.153m
  • Shares outstanding: 253.82m
  • Website: https://corazon.com.au

Location

  • Corazon Mining Limited
  • 33 Ord Street
  • Level 3
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 15:25
End of Day Share Price2021/10/18 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.