CONRAD ASIA ENERGY LIMITED (CRD)
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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

$0.93

22 Nov
2024

0.020

OPEN

$0.91

2.20%

HIGH

$0.93

45,500

LOW

$0.91

TARGET
$1.90 104.3% upside
OTHER COMPANIES IN THE SAME SECTOR
ALD . BHP . BPT . BRU . CVN . FAR . HE8 . HZN . KAR . MAY . VEA .
FNARENA'S MARKET CONSENSUS FORECASTS
CRD: 1
Title FY24
Forecast
FY25
Forecast
EPS (cps) - 3.5 xxx
DPS (cps) 0.0 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
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Title 2020202120222023
EPS Basic xxxxxxxxx-9.2
DPS All xxxxxxxxx0.0
Sales/Revenue xxxxxxxxx0.0 M
Book Value Per Share xxxxxxxxx28.1
Net Operating Cash Flow xxxxxxxxx-14.4 M
Net Profit Margin xxxxxxxxx-

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 2020202120222023
Return on Capital Employed xxxxxxxxx-28.18 %
Return on Invested Capital xxxxxxxxx-28.07 %
Return on Assets xxxxxxxxx-24.63 %
Return on Equity xxxxxxxxx-28.18 %
Return on Total Capital xxxxxxxxx-31.55 %
Free Cash Flow ex dividends xxxxxxxxx-14.4 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 2020202120222023
Short-Term Debt xxxxxxxxx0 M
Long Term Debt xxxxxxxxx0 M
Total Debt xxxxxxxxx0 M
Goodwill - Gross xxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxx7 M
Price To Book Value xxxxxxxxx4.10

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 2020202120222023
Capex xxxxxxxxx7.1 M
Capex % of Sales xxxxxxxxx-
Cost of Goods Sold xxxxxxxxx0 M
Selling, General & Admin. Exp & Other xxxxxxxxx16 M
Research & Development xxxxxxxxx-
Investments - Total xxxxxxxxx0 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

03/09/2024

1

Speculative Buy

$1.90

104.30%

Conrad Asia Energy has a binding gas sales agreement with Sembcorp Gas for the export portion of natural gas from the Mako field. The company now has binding offtake commitments for all the Mako contingent resources.

Bell Potter considers this a significant de-risking milestone, as the company can now progress a farm-down of equity and debt financing. Speculative Buy rating unchanged. Target rises to $1.90 from $1.70.

FORECAST
Bell Potter forecasts a full year FY24 dividend of 0.00 cents and EPS of minus -3.47 cents.
Bell Potter forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -6.33 cents.

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

Wilsons

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Canaccord Genuity

12/11/2024

1

Speculative Buy

$2.17

133.33%

Canaccord Genuity observes east coast gas prices fell in the September quarter, averaging $12.50/GJ, down from $13.66/GJ in the previous quarter but up 20% year-on-year.

Gas-fired power generation demand rose with Longford’s gas plant 1 scheduled to shut in November, reducing capacity to 700 TJ/day.

AEMO revoked its warnings on gas supply shortfalls, and Mineral Resources (MIN) sold its gas interests in the Perth Basin for up to $1.13bn.

The broker highlights Conrad Asia Energy's gas sale agreement with Sembcorp which is believed will underwrite the project. A final investment decision is expected by the end of 2024.

Speculative Buy rating and $2.17 target price.

FORECAST
Canaccord Genuity forecasts a full year FY24 dividend of 0.00 cents and EPS of minus -7.84 cents.
Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -8.44 cents.

CRD STOCK CHART