OTCPK:CVON.F

Stock Analysis Report

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Executive Summary

Carnarvon Petroleum Limited explores for, develops, and produces oil and gas in Australia.


Snowflake Analysis

Flawless balance sheet with weak fundamentals.


Similar Companies

Share Price & News

How has Carnarvon Petroleum's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CVON.F has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

CVON.F

-2.1%

US Oil and Gas

2.5%

US Market


1 Year Return

-47.0%

CVON.F

-36.0%

US Oil and Gas

15.9%

US Market

Return vs Industry: CVON.F underperformed the US Oil and Gas industry which returned -36.8% over the past year.

Return vs Market: CVON.F underperformed the US Market which returned 14.9% over the past year.


Shareholder returns

CVON.FIndustryMarket
7 Day0%-2.1%2.5%
30 Day-2.4%-3.6%5.8%
90 Dayn/a-1.4%18.2%
1 Year-47.0%-47.0%-32.8%-36.0%18.4%15.9%
3 Year144.0%144.0%-34.3%-41.4%39.9%30.9%
5 Year74.3%74.3%-34.9%-45.2%72.9%54.2%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Carnarvon Petroleum undervalued compared to its fair value and its price relative to the market?

1.08x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: CVON.F is unprofitable, so we can't compare its PE Ratio to the US Oil and Gas industry average.

PE vs Market: CVON.F is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CVON.F's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CVON.F is overvalued based on its PB Ratio (1.1x) compared to the US Oil and Gas industry average (0.7x).


Next Steps

Future Growth

How is Carnarvon Petroleum forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-13.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: Insufficient data to determine if CVON.F's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if CVON.F's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Carnarvon Petroleum performed over the past 5 years?

-6.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CVON.F is currently unprofitable.

Growing Profit Margin: CVON.F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CVON.F is unprofitable, and losses have increased over the past 5 years at a rate of 6.4% per year.

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

Earnings vs Industry: CVON.F is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-24.7%).


Return on Equity

High ROE: CVON.F has a negative Return on Equity (-3.64%), as it is currently unprofitable.


Next Steps

Financial Health

How is Carnarvon Petroleum's financial position?


Financial Position Analysis

Short Term Liabilities: CVON.F's short term assets (A$120.2M) exceed its short term liabilities (A$940.0K).

Long Term Liabilities: CVON.F's short term assets (A$120.2M) exceed its long term liabilities (A$1.1M).


Debt to Equity History and Analysis

Debt Level: CVON.F is debt free.

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

Forecast Cash Runway: CVON.F has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 25.9% each year


Next Steps

Dividend

What is Carnarvon Petroleum current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


Next Steps

Management

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

7.1yrs

Average management tenure


CEO

Adrian Cook (53 yo)

9.08yrs

Tenure

AU$1,298,958

Compensation

Mr. Adrian Caldwell Cook, B.Bus., C.A., M.App.Fin., FAICD has been the Chief Executive officer and Managing Director of Carnarvon Petroleum Limited since July 1, 2011. Mr. Cook served as a General Manager ...


CEO Compensation Analysis

Compensation vs Market: Adrian's total compensation ($USD922.88K) is below average for companies of similar size in the US market ($USD1.33M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Adrian Cook
CEO, MD & Executive Director9.08yrsAU$1.30m1.02%
A$ 2.0m
Thomson Naude
CFO & Joint Company Secretary5.08yrsAU$762.08k0.26%
A$ 514.0k
Philip Huizenga
Chief Operating Officer12.58yrsAU$1.46m0.77%
A$ 1.5m
Andrew Padman
Chief Geophysicistno datano datano data
Jeff Goodall
Chief Geologistno datano datano data
Stephen Molyneux
Exploration Managerno datano datano data
Alex Doering
Financial Controller & Joint Company Secretary1yrno datano data

7.1yrs

Average Tenure

Experienced Management: CVON.F's management team is seasoned and experienced (7.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Adrian Cook
CEO, MD & Executive Director9.08yrsAU$1.30m1.02%
A$ 2.0m
Peter Leonhardt
Non-Executive Chairman15.33yrsAU$120.82k0.75%
A$ 1.5m
Peter Moore
Non-Executive Director5.17yrsAU$78.80k0.030%
A$ 59.4k
William Foster
Lead Independent Directorno dataAU$83.47k0.052%
A$ 103.9k
S. Ryan
Non-Executive Director2.08yrsAU$72.86k0.017%
A$ 34.2k

7.1yrs

Average Tenure

Experienced Board: CVON.F's board of directors are considered experienced (7.1 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 15.8%.


Top Shareholders

Company Information

Carnarvon Petroleum Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Carnarvon Petroleum Limited
  • Ticker: CVON.F
  • Exchange: OTCPK
  • Founded:
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: AU$281.588m
  • Listing Market Cap: AU$200.063m
  • Shares outstanding: 1.56b
  • Website: https://www.carnarvon.com.au

Location

  • Carnarvon Petroleum Limited
  • 76 Kings Park Road
  • Level 2
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CVNASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJan 1992
CVON.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
CJBDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
CVNCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJan 1992

Biography

Carnarvon Petroleum Limited explores for, develops, and produces oil and gas in Australia. The company owns interests in the Phoenix project located in the Bedout Sub-basin acreage offshore of Western Aust ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/04 00:11
End of Day Share Price2020/07/28 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.