Canterbury Resources Ltd. (CBY) AI Stock Analysis

• Market Cap: AU$9.71M
• Dividend Yield: N/A
• Average Volume (3M): 180.84K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.12
• Revenue Growth: N/A
• EPS Growth: -17.39%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): >-0.01
• Shares Outstanding: 269,673,160
• 10 Day Avg. Volume: 284,200
• 30 Day Avg. Volume: 180,838
• PEG Ratio: -0.20
• Price to Book (P/B): 0.48
• Price to Sales (P/S): 10.86
• P/FCF Ratio: -6.23
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: AU$0.04 ▲(16.67% Upside)
• Action: Downgraded Date: 01/28/26
• Date: Action: Downgraded 01/28/26

The score is held back primarily by weak financial performance (declining revenue, very large losses, and negative operating cash flow) despite a low-leverage balance sheet. Technicals are supportive with price above major moving averages and positive MACD, but the extremely overbought RSI increases near-term risk. Valuation remains challenged due to negative earnings and no dividend yield provided.

Positive Factors

Low Leverage

A very low debt-to-equity ratio (0.0265) gives Canterbury durable financial flexibility to fund exploration cycles and absorb setbacks without large interest burdens. Conservative leverage supports access to project financing or equity issuance with limited immediate solvency risk.

Improving Free Cash Flow

A 62.65% increase in free cash flow signals improving cash conversion potential from the company’s activities. For a resource explorer, rising FCF can reduce reliance on dilutive capital raises and support staged project advancement if the trend continues and OCF is stabilized.

Positive Gross Profit

A positive gross profit margin indicates the company’s core project economics can generate gross surplus before overheads. Structurally, this suggests that with scale, better cost control or higher commodity prices, Canterbury could convert core operations into operating profits over the medium term.

Negative Factors

Declining Revenue

A 26.68% revenue decline is a durable headwind for project funding and development. Sustained top-line contraction reduces available internal capital to advance exploration, weakens validation of project economics, and increases dependency on external financing or asset sales.

Deep Negative Profitability

Extremely negative net margin and negative EBIT/EBITDA reflect structural unprofitability and high cash burn. Over time such losses erode equity, constrain reinvestment in projects, and force dilutive financing or cost-cutting that can delay resource development and value realization.

Negative Operating Cash Flow

Persistently negative operating cash flow indicates core operations do not generate cash, requiring ongoing external funding. For an explorer, this undermines project continuity and increases financing risk, making long-term development timelines and capital plans less certain.

Canterbury Resources Ltd. Business Overview & Revenue Model

Company Description

Canterbury Resources Limited explores for mineral properties in Australia and Papua New Guinea. The company primarily explores for copper, molybdenum, and gold deposits. Its property portfolio includes 100% owned Briggs, Mannersley, and Fig Tree tenements located in central Queensland; and Ekuti Range, Wamum, and Bismarck projects located in Papua New Guinea. The company was incorporated in 2011 and is based in Pyrmont, Australia.

How the Company Makes Money

Canterbury Resources Ltd. generates revenue primarily through the exploration and eventual development of its mineral projects. The company typically raises funds through equity financing, issuing shares to investors to finance its exploration activities. Successful discovery of mineral resources can lead to partnerships or joint ventures with larger mining companies, which may provide additional funding or resources in exchange for a stake in the project. Revenue may also be generated through the sale of mineral resources once mining operations commence, depending on the outcomes of exploration and development phases. Additionally, government grants or incentives for mineral exploration may contribute to the company's financial resources.

Canterbury Resources Ltd. Financial Statement Overview

Summary

Financials are weak overall: revenue fell 26.68% and profitability is deeply negative (net margin -213.41%) with negative EBIT/EBITDA margins. The balance sheet is conservatively levered (debt-to-equity 0.0265), but negative ROE (-9.48%) shows continued value destruction. Cash flow shows improvement (free cash flow growth 62.65%) but operating cash flow remains negative.

Income Statement

Canterbury Resources Ltd. has faced significant challenges in its income statement. The company experienced a substantial revenue decline of 26.68% in the most recent year, indicating potential demand issues or market conditions affecting sales. The net profit margin is deeply negative at -213.41%, reflecting ongoing losses. Despite a positive gross profit margin, the negative EBIT and EBITDA margins highlight operational inefficiencies. Overall, the income statement shows a struggling financial performance with limited growth prospects.

Balance Sheet

The balance sheet of Canterbury Resources Ltd. shows a relatively low debt-to-equity ratio of 0.0265, indicating conservative leverage and a strong equity base. However, the return on equity is negative at -9.48%, suggesting that the company is not generating sufficient returns on its equity investments. The equity ratio is healthy, reflecting a solid capital structure, but the negative ROE points to profitability challenges. Overall, the balance sheet is stable but lacks profitability.

Cash Flow

The cash flow statement reveals a mixed picture for Canterbury Resources Ltd. The company has seen a significant free cash flow growth of 62.65%, which is a positive sign. However, the operating cash flow remains negative, and the operating cash flow to net income ratio is unfavorable at -1.25, indicating cash flow challenges. The free cash flow to net income ratio is positive, suggesting some ability to cover net losses with free cash flow. Overall, cash flow improvements are noted, but operational cash generation remains weak.

Breakdown	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	502.53K	434.62K	214.88K	0.00	0.00
Gross Profit	502.53K	434.62K	188.93K	-28.13K	-22.83K
EBITDA	-969.81K	-690.67K	-790.38K	-1.76M	-1.29M
Net Income	-1.07M	-705.18K	-817.81K	-1.80M	-1.31M
Balance Sheet
Total Assets	12.06M	12.49M	11.59M	11.48M	11.90M
Cash, Cash Equivalents and Short-Term Investments	704.63K	753.02K	294.45K	362.80K	545.57K
Total Debt	300.00K	400.00K	13.89K	33.72K	52.39K
Total Liabilities	750.53K	1.25M	278.90K	244.60K	229.78K
Stockholders Equity	11.31M	11.24M	11.32M	11.23M	11.67M
Cash Flow
Free Cash Flow	-876.73K	-570.04K	-978.16K	-1.89M	-1.87M
Operating Cash Flow	-876.73K	-563.80K	-871.16K	-1.62M	-814.72K
Investing Cash Flow	76.46K	26.54K	-34.00K	-229.12K	-1.05M
Financing Cash Flow	808.22K	997.62K	836.81K	978.69K	2.36M

Canterbury Resources Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.03
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CBY, the sentiment is Positive. The current price of 0.03 is below the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.03, and above the 200-day MA of 0.03, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 56.03 is Neutral, neither overbought nor oversold. The STOCH value of 75.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:CBY.

Canterbury Resources Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
HWK	48 Neutral	AU$22.55M	-3.64	-53.09%	―	―	―
PNT	48 Neutral	AU$3.68M	-5.88	-6.18%	―	―	―
CBY	46 Neutral	AU$9.71M	-6.67	-9.51%	―	―	-17.39%
ALV	46 Neutral	AU$8.30M	-1.10	-171.73%	―	―	21.91%
PKO	44 Neutral	AU$10.41M	―	-161.53%	―	―	―

Canterbury Resources Ltd. Corporate Events

Canterbury Resources Advances Briggs Copper Project to Pre-Feasibility After Robust Study

Canterbury Resources has advanced its flagship Briggs copper project in Queensland with the completion of a Scoping Study evaluating a very large-scale, long-life open-pit operation producing copper concentrate, and has committed with its joint venture partner to a Pre-feasibility Study featuring infill drilling, detailed metallurgical test work, process optimisation studies and baseline environmental surveys. Strong assay results from two deep diamond drill holes at Briggs and plans for a major infill and extensional drilling campaign, alongside continued early-stage target evaluation at the Waits Creek and Ekuti Range projects in Papua New Guinea and the recent completion of a A$1.24 million share purchase plan, collectively underscore the company’s push to de-risk and grow its copper-focused asset base and position itself for potential future development decisions.

The most recent analyst rating on (AU:CBY) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Canterbury Resources Ltd. stock, see the AU:CBY Stock Forecast page.

Canterbury hits record copper intersections at Briggs, paving way for PFS-driven expansion

Canterbury Resources has reported strong final assay results from its 2025 drilling program at the Briggs copper project in Central Queensland, with two deep core holes intersecting extensive porphyry copper-molybdenum-silver mineralisation. Hole 25BRD0037 delivered the longest mineralised intersection recorded at Briggs, with 620m at 0.25% copper from near surface and several higher-grade zones at depth, while hole 25BRD0038 returned one of the project’s highest-grade intervals, including 30m at 0.90% copper from 35m. The company says the results are consistent with its existing resource model, support extending the depth of the indicated resource in the Mineral Resource Estimate, and enhance confidence in identifying near-surface higher-grade material suitable for a starter pit. Strong correlation between mineralised zones and copper-in-soil anomalies is helping prioritise infill drilling, and upcoming drilling to the northwest will form the first phase of a major infill campaign underpinning a prefeasibility study recently approved by the project’s joint venture partners, reinforcing Briggs’ status as a significant Australian copper development opportunity.

The most recent analyst rating on (AU:CBY) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Canterbury Resources Ltd. stock, see the AU:CBY Stock Forecast page.

Canterbury Resources Says No Undisclosed Information Behind Share Price Moves

Canterbury Resources Limited has responded to an ASX price query, stating it is unaware of any undisclosed information that could explain recent trading in its securities. The company advised it has no alternative explanation for the share price movements, confirmed it is complying with ASX Listing Rules, particularly continuous disclosure obligations, and noted that its responses were authorised by the board, aiming to reassure investors and regulators about its disclosure practices.

The most recent analyst rating on (AU:CBY) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Canterbury Resources Ltd. stock, see the AU:CBY Stock Forecast page.

Canterbury Resources Flags Isolated Late Notice on Director Share Sale

Canterbury Resources Limited has disclosed a change in director’s interests following an on-market sale of 100,000 fully paid ordinary shares in the company on 22 December 2025 by an associate of director Michael Erceg. The company explained that the resulting Appendix 3Y notice was lodged late due to an administrative oversight, but stated that the issue was promptly rectified once identified, and emphasised that its directors understand their disclosure obligations under the ASX Listing Rules. Canterbury described the delay as an isolated incident and expressed confidence that its existing reporting and notification processes remain adequate to ensure ongoing compliance, suggesting limited operational or governance impact beyond reaffirming its commitment to market transparency.

The most recent analyst rating on (AU:CBY) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Canterbury Resources Ltd. stock, see the AU:CBY Stock Forecast page.

Canterbury Resources Options Lapse, Simplifying Capital Structure

Canterbury Resources Limited has announced the lapse of 5,000,000 listed options (ASX code CBYAP) that expired on 31 December 2025 with an exercise price of $0.08, without being exercised or converted. The expiry of these options reduces the company’s pool of potential equity overhang from convertible securities, slightly simplifying its capital structure but not directly affecting current issued share capital, and may signal limited demand at the option strike price at the time of expiry.

The most recent analyst rating on (AU:CBY) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Canterbury Resources Ltd. stock, see the AU:CBY Stock Forecast page.

Canterbury Resources Reports Strong Copper Mineralisation at Briggs

Canterbury Resources Limited has completed its 2025 drilling program at the Briggs site in Central Queensland, reporting strong visual copper mineralisation in the final drill hole, 25BRD0038. This development is part of a high-priority infill program supporting a Prefeasibility Study for a potential large-scale copper mine. The recent drilling results align with the company’s geological model and are expected to enhance and expand the existing mineral resource estimate, with further drilling planned for 2026.

The most recent analyst rating on (AU:CBY) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Canterbury Resources Ltd. stock, see the AU:CBY Stock Forecast page.