CARNABY RESOURCES LIMITED (CNB)
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CNB - CARNABY RESOURCES LIMITED

FNArena Sector : Mining
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: -0.01
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.35

20 Dec
2024

-0.005

OPEN

$0.34

-1.41%

HIGH

$0.35

128,395

LOW

$0.34

TARGET
$0.90 157.1% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
CNB: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx - 7.4 - 10.1 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A N/A xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

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

Last ex-div: 04/04 - (franking Ex-Di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-7.4
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx0.0 M
Book Value Per Share xxxxxxxxxxxxxxx15.6
Net Operating Cash Flow xxxxxxxxxxxxxxx-12.0 M
Net Profit Margin xxxxxxxxxxxxxxx-

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-41.40 %
Return on Invested Capital xxxxxxxxxxxxxxx-41.39 %
Return on Assets xxxxxxxxxxxxxxx-37.27 %
Return on Equity xxxxxxxxxxxxxxx-41.40 %
Return on Total Capital xxxxxxxxxxxxxxx-44.13 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-16.5 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxxxxx0 M
Total Debt xxxxxxxxxxxxxxx0 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx10 M
Price To Book Value xxxxxxxxxxxxxxx3.08

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx4.4 M
Capex % of Sales xxxxxxxxxxxxxxx-
Cost of Goods Sold xxxxxxxxxxxxxxx0 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx13 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 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

Macquarie

02/12/2024

1

Outperform

$0.90

157.14%

Carnaby Resources has expanded its total resource base by 27% through the acquisition of the Trekelano copper deposits for approximately -$9m. As part of the transaction, management raised $17m in two tranches at 31c per share.

Macquarie highlights the proximity of the Trekelano deposits, located only 20km from the company’s existing tenements at Greater Duchess.

Regarding Greater Duchess, management separately announced a binding agreement with Glencore for tolling and offtake of 100% of product, highlights the broker.

Macquarie raises the target price to 90c from 88c and retains an Outperform rating.

FORECAST
Macquarie forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -10.10 cents.
Macquarie forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -3.50 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

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

Petra Capital

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Moelis

06/11/2024

1

Buy

$0.86

145.71%

Moelis notes Carnaby Resources’ September quarter progress included updated resource estimates for the Mount Hope, Nil Desperandum, Burke & Wills, and Lady Fanny deposits. Exploration expenditures for Q1 were -$2.4m.

The discovery of the San Quentin deposit adds near-term potential to the Duchess project, notes the analyst, where a pre-feasibility study (PFS) remains on schedule for mid-2025.

Before completing the PFS in FY26, Moelis anticipates Carnaby will need an additional $10m in funding for exploration and studies, with a projected $50m required for future project development.

Initial production from the Duchess project could yield an annual output of 14kt copper, forecasts the broker, contributing $80m in earnings (EBITDA) once fully operational.

Moelis retains a Buy rating and a target price of 86c.

FORECAST
Moelis forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -5.80 cents.
Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -5.10 cents.
Access Extra Coverage Research History >

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