CARNARVON ENERGY LIMITED (CVN)
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CVN - CARNARVON ENERGY LIMITED

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

Carnarvon Petroleum is an Australian oil and gas explorer operating in Western Australia's North West Shelf. The company has been listed since 1984.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.16

25 Oct
2024

-0.002

OPEN

$0.16

-1.23%

HIGH

$0.16

2,113,613

LOW

$0.16

TARGET
$0.25 56.3% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
ALD . BHP . BPT . BRU . COE . FAR . HE8 . HZN . KAR . MAY . VEA .
FNARENA'S MARKET CONSENSUS FORECASTS
CVN: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx - 0.2 - 0.1 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
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx0.0
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx0.0 M
Book Value Per Share xxxxxxxxxxxxxxx14.9
Net Operating Cash Flow xxxxxxxxxxxxxxx1.3 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-0.25 %
Return on Invested Capital xxxxxxxxxxxxxxx-0.25 %
Return on Assets xxxxxxxxxxxxxxx-0.24 %
Return on Equity xxxxxxxxxxxxxxx-0.25 %
Return on Total Capital xxxxxxxxxxxxxxx-2.51 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx1.3 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 xxxxxxxxxxxxxxx1 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx180 M
Price To Book Value xxxxxxxxxxxxxxx1.31

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx3.2 M
Capex % of Sales xxxxxxxxxxxxxxx-
Cost of Goods Sold xxxxxxxxxxxxxxx0 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx6 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

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Macquarie

01/08/2024

1

Outperform

$0.29

81.25%

Macquarie updates small and medium sized energy producers post the latest quarterly updates.

Carnarvon Energy is benefitting from improved cost management, Macquarie highlights, which improves the company's cash position.

The broker notes the delay in the final investment decision by Santos ((STO)) on Dorado has also delayed any "transaction" on Carnarvon Energy.

Macquarie adjusts EPS forecasts by 48% for FY24 and 79% for FY25 and the target price is raised 4% to 29c.

Outperform rating unchanged.

FORECAST
Macquarie forecasts a full year FY24 dividend of 0.00 cents and EPS of minus -0.07 cents.
Macquarie forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -0.02 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

Jarden

09/09/2024

2

Downgrade to Overweight from Buy

$0.21

31.25%

Jarden adjusts the outlook for Carnarvon Energy on the back of recent commentary from Santos ((STO)) on Dorado.

The analyst points at frustration around the fact the operator of the company's key asset is flagging a challenging environment, including the decision to lower the risk weighting on Dorado to 75% from 100%.

Jarden maintains its forecasts for the final investment decision date in 2026 and first production in 2030.

Rating downgraded to Overweight from Buy. Target price moves to 21c from 24c.

FORECAST
Jarden forecasts a full year FY24 dividend of 0.00 cents and EPS of 0.10 cents.
Jarden forecasts a full year FY25 dividend of 0.00 cents and EPS of 0.00 cents.
Access Extra Coverage Research History >

CVN STOCK CHART

FNArena News on CVN

1
In Case You Missed It – BC Extra Upgrades & Downgrades – 13-09-24

Sep 13 2024 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Sep 09, 2024

Sep 09 2024 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Jul 29, 2024

Jul 29 2024 - Daily Market Reports
4
Rudi’s View: Rate Cuts, Growth & Small Caps

Jul 18 2024 - Rudi's View
5
Australian Broker Call *Extra* Edition – Jul 15, 2024

Jul 15 2024 - Daily Market Reports

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