CONRAD ASIA ENERGY LIMITED (CRD)
Share Price Analysis and Chart

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CRD

CRD - CONRAD ASIA ENERGY LIMITED

FNArena Sector : Crude Oil
Year End: December
GICS Industry Group : Energy
Debt/EBITDA: -0.03
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.705

25 Nov
2025

-0.010

OPEN

$0.72

-1.40%

HIGH

$0.72

20,695

LOW

$0.71

TARGET
$1.10 56.0% upside
OTHER COMPANIES IN THE SAME SECTOR
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FNARENA'S MARKET CONSENSUS FORECASTS
CRD: 1
Title FY25
Forecast		 FY26
Forecast
EPS (cps) - 3.7 xxx
DPS (cps) N/A xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio N/A xxx
Dividend Yield 0.0% xxx
Div Pay Ratio(%) N/A xxx
This company reports in USD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 20202021202220232024
EPS Basic xxxxxxxxxxxx-6.6
DPS All xxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxx0.0 M
Book Value Per Share xxxxxxxxxxxx31.2
Net Operating Cash Flow xxxxxxxxxxxx-12.7 M
Net Profit Margin xxxxxxxxxxxx-

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 20202021202220232024
Return on Capital Employed xxxxxxxxxxxx-22.77 %
Return on Invested Capital xxxxxxxxxxxx-22.71 %
Return on Assets xxxxxxxxxxxx-20.66 %
Return on Equity xxxxxxxxxxxx-22.77 %
Return on Total Capital xxxxxxxxxxxx-27.55 %
Free Cash Flow ex dividends xxxxxxxxxxxx-12.7 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 20202021202220232024
Short-Term Debt xxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxx0 M
Total Debt xxxxxxxxxxxx0 M
Goodwill - Gross xxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxx7 M
Price To Book Value xxxxxxxxxxxx2.88

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 20202021202220232024
Capex xxxxxxxxxxxx2.1 M
Capex % of Sales xxxxxxxxxxxx-
Cost of Goods Sold xxxxxxxxxxxx0 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxx14 M
Research & Development xxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

21/11/2025

1

Speculative Buy

$1.10

56.03%

Conrad Asia Energy is farming down to 75% participating interest in the Duyung PSC, Indonesia, retaining a 25% operating interest.

The company has entered a carry loan agreement for its 25% of the project funding, which will be repaid over the initial years of production.

Bell Potter observes the main benefit is the carry debt funding arranged by the incoming partner, being PT Nations Natuna Barat, a subsidiary of Asari Group. There is now a non-dilutionary path to production and cash flow at the Mako project.

The broker reduces the target to $1.10 from $1.25. Speculative Buy.

FORECAST
Bell Potter forecasts a full year FY25 EPS of minus -3.74 cents.
Bell Potter forecasts a full year FY26 EPS of minus -3.27 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

20/11/2025

1

Speculative Buy

$1.19

68.79%

Canaccord Genuity notes Conrad Asia Energy is farming down Mako to Nations (Arsari Group), keeping operatorship and 25% stake. 

Nations takes a 75% stake and carries Conrad's share of the -US$320m development via a carry loan repayable from Conrad's future production revenues.

The implied asset valuation of US$0.21/mcf for 286Bcf gross of the 376Bcf 2C resource is below the broker's valuation expectations, leading to a price target cut to $1.19 from $1.60.

Capex and timing are unchanged, with first gas targeted in 4Q2027, and pricing expected to mirror prior approvals, modelled at an 11% oil-linked slope (US$8.5/GJ). Speculative Buy maintained.

FORECAST
Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -8.88 cents.
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -5.61 cents.
Access Extra Coverage Research History >

CRD STOCK CHART

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