CCE

Carnegie Clean EnergyASX:CCE Stock Report

Market Cap

AU$44.7m

7D

0%

1Y

100.0%

Updated

16 Sep, 2021

Data

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

CCE Overview

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

Summary of all time highs, changes and price drops for Carnegie Clean Energy
Historical stock prices
Current Share PriceAU$0.003
52 Week HighAU$0.001
52 Week LowAU$0.009
Beta0.15
1 Month Change0%
3 Month Change50.00%
1 Year Change100.00%
3 Year Change-75.00%
5 Year Change-88.00%
Change since IPO-98.70%

Recent News & Updates

Aug 30
Here's Why We're Not At All Concerned With Carnegie Clean Energy's (ASX:CCE) Cash Burn Situation

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...

Dec 11
Is Carnegie Clean Energy (ASX:CCE) Using Debt In A Risky Way?

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...

Shareholder Returns

CCEAU Renewable EnergyAU Market
7D0%0.04%0.9%
1Y100.0%14.4%27.3%

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.

Price Volatility

Is CCE's price volatile compared to industry and market?
CCE volatility
CCE Beta0.15
Industry Beta0.62
Market Beta1

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

FoundedEmployeesCEOWebsite
1987n/aJonathan Fievezhttps://www.carnegiece.com

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.

Valuation

Is Carnegie Clean Energy undervalued compared to its fair value and its price relative to the market?

2.1x

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).


Future Growth

How is Carnegie Clean Energy forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.6%

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.


Past Performance

How has Carnegie Clean Energy performed over the past 5 years?

8.9%

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.


Financial Health

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%.


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: 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


Dividend

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.


Next Steps

Management

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

6.3yrs

Average board tenure


CEO

Jonathan Fievez

3yrs

Tenure

AU$311,500

Compensation

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.


Board Members

Experienced Board: CCE's board of directors are considered experienced (6.3 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 33.8%.


Top Shareholders

Company Information

Carnegie Clean Energy Limited's employee growth, exchange listings and data sources


Key Information

  • 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

Location

  • Carnegie Clean Energy Limited
  • 21 North Mole Drive
  • North Fremantle
  • Western Australia
  • 6159
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/16 15:27
End of Day Share Price2021/09/16 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.