Carnarvon Energy Limited (AU:CVN)
ASX:CVN
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Carnarvon Energy Limited
(Sydney:CVN)
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Rating:53Neutral
Price Target:
AU$0.11
▼(-10.83% Downside)
Action:Reiterated
Date:05/14/26
The score is held back primarily by weak operating fundamentals (no reported revenue, ongoing operating losses, and uneven cash flow) despite a strong, low-debt balance sheet. Technicals are supportive with an upward trend, but overbought momentum increases near-term risk. Valuation is also a constraint given the negative P/E and no stated dividend yield.
Positive Factors
Balance sheet strength
Extremely low leverage and a large equity base give Carnarvon material financial flexibility to fund exploration, wait on partner-led developments or pursue farm-outs without near-term solvency pressure. This supports multi‑month optionality across commodity cycles.
Negative Factors
No reported revenue
Zero reported revenue and persistent negative EBIT mean core operations are not supporting the income statement. Long-term profitability therefore requires material production ramp or recurring revenue; absent that, results depend on asset disposals or other non‑operating items.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Extremely low leverage and a large equity base give Carnarvon material financial flexibility to fund exploration, wait on partner-led developments or pursue farm-outs without near-term solvency pressure. This supports multi‑month optionality across commodity cycles.
Read all positive factors
Carnarvon Energy Limited (CVN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$187.85M
Dividend YieldN/A
Average Volume (3M)1.60M
Price to Earnings (P/E)―
Beta (1Y)0.49
Revenue GrowthN/A
EPS Growth-149.12%
CountryAU
Employees2
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,789,086,900
10 Day Avg. Volume1,203,237
30 Day Avg. Volume1,600,846
Financial Highlights & Ratios
PEG Ratio-0.09
Price to Book (P/B)0.71
Price to Sales (P/S)0.00
P/FCF Ratio61.02K
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.14Price Target Upside16.67% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)AU$40.22K
Carnarvon Energy Limited Business Overview & Revenue Model
Company Description
Carnarvon Energy Limited, headquartered in West Perth, Australia, is an enterprise focused on the exploration, development, and extraction of oil and natural gas resources throughout Australia. Its diverse portfolio encompasses stakes in key ventu...
How the Company Makes Money
Carnarvon Energy makes money primarily through its economic interests in petroleum assets, where cash flow is generated from the sale of produced hydrocarbons (oil and/or natural gas) from fields in which it holds a working interest. Under this mo...
Carnarvon Energy Limited Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
78
Positive
Cash Flow
33
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -432.00 | -707.00K | -231.00K | -256.00K | -269.00K | -256.00K |
| EBITDA | -1.83M | -4.98M | -549.00K | -3.05M | -22.85M | 17.47M |
| Net Income | -1.81M | 3.65M | -656.00K | -4.10M | -53.75M | 17.14M |
Balance Sheet | ||||||
| Total Assets | 274.51M | 276.32M | 267.59M | 268.57M | 273.65M | 257.27M |
| Cash, Cash Equivalents and Short-Term Investments | 98.49M | 186.14M | 179.55M | 95.52M | 112.42M | 98.44M |
| Total Debt | 292.00K | 388.00K | 601.00K | 220.00K | 441.00K | 644.00K |
| Total Liabilities | 4.72M | 4.79M | 1.26M | 2.22M | 3.67M | 2.76M |
| Stockholders Equity | 269.79M | 271.53M | 266.33M | 266.36M | 269.98M | 254.51M |
Cash Flow | ||||||
| Free Cash Flow | 339.73K | 3.14K | -1.95M | -18.28M | -43.76M | -14.39M |
| Operating Cash Flow | 344.09K | 6.01K | 1.26M | -4.64M | -5.62M | -4.86M |
| Investing Cash Flow | -87.99M | -2.87K | 83.77M | -13.79M | -52.56M | -9.47M |
| Financing Cash Flow | -103.10K | -202.00 | 467.00K | -58.00K | 68.36M | 378.00K |
Carnarvon Energy Limited Technical Analysis
Negative
0.12
Price Trends
0.12
Negative
0.11
Negative
0.10
Positive
Market Momentum
>-0.01
Positive
38.49
Neutral
8.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CVN, the sentiment is Negative. The current price of 0.12 is above the 20-day moving average (MA) of 0.12, above the 50-day MA of 0.12, and above the 200-day MA of 0.10, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 38.49 is Neutral, neither overbought nor oversold. The STOCH value of 8.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:CVN.
Carnarvon Energy Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | AU$341.79M | 29.10 | 14.04% | 14.63% | -4.78% | -42.11% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
53 Neutral | AU$187.85M | -105.69 | -0.67% | ― | ― | -149.12% | |
49 Neutral | AU$391.73M | -12.99 | -14.19% | ― | ― | 25.55% | |
49 Neutral | AU$18.91M | -4.58 | -6.67% | ― | ― | -283.33% | |
47 Neutral | AU$155.54M | -46.00 | -4.27% | ― | ― | -16.67% | |
44 Neutral | AU$53.77M | -12.49 | -5.81% | ― | ― | 34.09% |
* Energy Sector Average
AU:CVN
Carnarvon Energy Limited
0.11
-0.02
-12.50%
AU:COI
Comet Ridge Ltd
0.13
-0.01
-10.34%
AU:BTL
Empire Energy Group Limited
0.26
0.07
36.84%
AU:HZN
Horizon Oil Limited
0.21
0.04
22.81%
AU:MAY
Melbana Energy Limited
0.01
-0.01
-54.55%
AU:KKO
Kinetiko Energy Ltd.
0.04
-0.02
-33.96%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.