Carnegie Clean Energy Limited develops and commercializes the CETO wave energy technology for converting ocean wave energy into zero-emission electricity worldwide.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.003|
|52 Week High||AU$0.001|
|52 Week Low||AU$0.009|
|1 Month Change||0%|
|3 Month Change||50.00%|
|1 Year Change||100.00%|
|3 Year Change||-75.00%|
|5 Year Change||-88.00%|
|Change since IPO||-98.70%|
Recent News & Updates
Here's Why We're Not At All Concerned With Carnegie Clean Energy's (ASX:CCE) Cash Burn Situation
Just because a business does not make any money, does not mean that the stock will go down. For example, biotech and...
Is Carnegie Clean Energy (ASX:CCE) Using Debt In A Risky Way?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
|CCE||AU Renewable Energy||AU Market|
Return vs Industry: CCE exceeded the Australian Renewable Energy industry which returned 14.4% over the past year.
Return vs Market: CCE exceeded the Australian Market which returned 27.3% over the past year.
Stable Share Price: CCE is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 59% a week.
Volatility Over Time: CCE's weekly volatility (59%) has been stable over the past year, but is still higher than 75% of Australian stocks.
About the Company
Carnegie Clean Energy Limited develops and commercializes the CETO wave energy technology for converting ocean wave energy into zero-emission electricity worldwide. Carnegie Clean Energy Limited has collaboration agreement with Hewlett Packard Enterprise Company to develop a reinforcement learning based controller for CETO. The company was formerly known as Carnegie Wave Energy Limited and changed its name to Carnegie Clean Energy Limited in December 2016.
Is Carnegie Clean Energy 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 CCE's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate CCE's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: CCE is unprofitable, so we can't compare its PE Ratio to the Oceanic Renewable Energy industry average.
PE vs Market: CCE 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 CCE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CCE is overvalued based on its PB Ratio (2.1x) compared to the AU Renewable Energy industry average (1.9x).
How is Carnegie Clean Energy forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Utilities 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 Carnegie Clean Energy 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.
How has Carnegie Clean Energy performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CCE is currently unprofitable.
Growing Profit Margin: CCE is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: CCE is unprofitable, but has reduced losses over the past 5 years at a rate of 8.9% per year.
Accelerating Growth: Unable to compare CCE's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CCE is unprofitable, making it difficult to compare its past year earnings growth to the Renewable Energy industry (16.2%).
Return on Equity
High ROE: CCE has a negative Return on Equity (-3.88%), as it is currently unprofitable.
How is Carnegie Clean Energy's financial position?
Financial Position Analysis
Short Term Liabilities: CCE's short term assets (A$5.0M) exceed its short term liabilities (A$476.7K).
Long Term Liabilities: CCE's short term assets (A$5.0M) exceed its long term liabilities (A$68.2K).
Debt to Equity History and Analysis
Debt Level: CCE is debt free.
Reducing Debt: CCE has no debt compared to 5 years ago when its debt to equity ratio was 3.6%.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: CCE has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: CCE has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 5.6% each year
What is Carnegie Clean Energy current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CCE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CCE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if CCE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CCE's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CCE's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mr. Jonathan Fievez, BEng (Mecht), has been the Chief Executive Officer of Carnegie Clean Energy Limited since September 28, 2018 and had been its Chief Technology Officer until September 28, 2018. Mr. Fie...
CEO Compensation Analysis
Compensation vs Market: Jonathan's total compensation ($USD228.22K) is about average for companies of similar size in the Australian market ($USD277.81K).
Compensation vs Earnings: Jonathan's compensation has increased whilst the company is unprofitable.
Experienced Board: CCE's board of directors are considered experienced (6.3 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 33.8%.
Carnegie Clean Energy Limited's employee growth, exchange listings and data sources
- Name: Carnegie Clean Energy Limited
- Ticker: CCE
- Exchange: ASX
- Founded: 1987
- Industry: Renewable Electricity
- Sector: Utilities
- Market Cap: AU$44.708m
- Shares outstanding: 14.90b
- Website: https://www.carnegiece.com
- Carnegie Clean Energy Limited
- 21 North Mole Drive
- North Fremantle
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/16 15:27|
|End of Day Share Price||2021/09/16 00:00|
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.