CARNARVON ENERGY LIMITED (CVN)
Share Price Analysis and Chart

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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

$0.17

22 Sep
2023

0.005

OPEN

$0.17

3.03%

HIGH

$0.17

1,934,033

LOW

$0.16

TARGET
$0.14 -17.6% downside
Franking for last dividend paid out: 0%
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ALD . BHP . BPT . BRU . BYE . COE . FAR . HE8 . HZN . KAR . VEA .
FNARENA'S MARKET CONSENSUS FORECASTS
CVN: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx - 0.2 - 0.6 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 © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx-0.2
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx-
Book Value Per Share xxxxxxxxxxxxxxx14.8
Net Operating Cash Flow xxxxxxxxxxxxxxx-4.6 M
Net Profit Margin xxxxxxxxxxxxxxx-

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx-1.53 %
Return on Invested Capital xxxxxxxxxxxxxxx-1.53 %
Return on Assets xxxxxxxxxxxxxxx-1.51 %
Return on Equity xxxxxxxxxxxxxxx-1.53 %
Return on Total Capital xxxxxxxxxxxxxxx-3.07 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-4.7 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxxxxx-
Total Debt xxxxxxxxxxxxxxx0 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx96 M
Price To Book Value xxxxxxxxxxxxxxx0.88

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx13.6 M
Capex % of Sales xxxxxxxxxxxxxxx-
Cost of Goods Sold xxxxxxxxxxxxxxx0 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx8 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx2 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

0.0

No. Of Recommendations

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

Macquarie

06/06/2023

3

Neutral

$0.14

-17.65%

Santos' decision to delay a final investment decision on Dorado last year, of which Carnarvon Energy owns 10%, was the right one in Macquarie's view, given the types of cost and supply chain risks it would have needed to take on.

The broker has delay its assumed Dorado final investment decision to the December quarter 2024, with Santos now less incentivised to accelerate the project.

A key change for Carnarvon is a reduction to FY26 forecast earnings from 2.99cps profit to -0.64cps loss, driven by a delay in the Dorado start-up to late-2027. Neutral rating retained, target price falls to 14c from 16c.

FORECAST
Macquarie forecasts a full year FY24 dividend of 0.00 cents and EPS of minus -0.60 cents.
Access Stockbroker Research History >

CVN STOCK CHART

FNArena News on CVN

1
Australian Broker Call *Extra* Edition – Sep 12, 2023

Sep 12 2023 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Aug 21, 2023

Aug 21 2023 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Jul 27, 2023

Jul 27 2023 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Jul 17, 2023

Jul 17 2023 - Daily Market Reports
5
Existential Risks In The Oil & Gas Sector

Jul 03 2023 - Commodities

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