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Carnarvon Energy Limited
(Sydney:CVN)
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Rating:53Neutral
Price Target:
AU$0.10
▼(-3.00% 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
Exceptionally low leverage and large equity provide durable financial flexibility, enabling the company to fund exploration, absorb setbacks, and participate in JV activity without urgent refinancing. This structural cushion reduces insolvency risk over the medium term.
Negative Factors
No reported revenue
A persistent absence of operating revenue is a fundamental constraint: without commercial production or sales, the company depends on non-operating gains or external capital. That structural gap threatens sustainable profit generation and limits self-funded growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Exceptionally low leverage and large equity provide durable financial flexibility, enabling the company to fund exploration, absorb setbacks, and participate in JV activity without urgent refinancing. This structural cushion reduces insolvency risk over the medium term.
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)0.26
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)0.69
Price to Sales (P/S)0.00
P/FCF Ratio59.89K
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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
null...
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 | -569.43K | -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
Positive
0.10
Price Trends
0.10
Positive
0.11
Negative
0.10
Positive
Market Momentum
<0.01
Negative
55.42
Neutral
68.18
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CVN, the sentiment is Positive. The current price of 0.1 is above the 20-day moving average (MA) of 0.10, below the 50-day MA of 0.10, and below the 200-day MA of 0.10, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 55.42 is Neutral, neither overbought nor oversold. The STOCH value of 68.18 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
68 Neutral | AU$80.86M | 11.39 | 12.05% | 6.67% | 12.55% | -25.19% | |
67 Neutral | AU$77.26M | 9.59 | 8.82% | 2.69% | 30.05% | 614.71% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
53 Neutral | AU$187.85M | -37.50 | -0.67% | ― | ― | -149.12% | |
44 Neutral | AU$377.94M | -1.98 | -46.22% | ― | -0.51% | -756.45% | |
43 Neutral | AU$331.59M | -13.02 | -12.35% | ― | ― | 25.55% | |
43 Neutral | AU$74.57M | -90.00 | -13.37% | ― | ― | 33.33% |
* Energy Sector Average
AU:CVN
Carnarvon Energy Limited
0.11
<0.01
5.00%
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0.12
<0.01
2.68%
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Empire Energy Group Limited
0.22
-0.07
-25.42%
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0.35
>-0.01
-0.86%
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0.01
0.00
0.00%
AU:STX
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>-0.01
-4.55%
Carnarvon Energy Limited Corporate Events
Carnarvon Energy Secures 2027 Bedout Rig as Resources Surge
Jul 27, 2026
Carnarvon Energy has contracted the Transocean Equinox semi‑submersible rig for a multi‑well drilling campaign in the Bedout Sub‑basin scheduled to start in April 2027, with one firm and one contingent well in its exploration per...
Carnarvon Energy Issues 8.9 Million Unquoted Performance Rights Under Incentive Scheme
Jul 3, 2026
Carnarvon Energy Limited has issued 8,934,801 unquoted performance rights under its employee incentive scheme, with the securities recorded under ASX code CVNAV. The move underscores the company’s continued reliance on equity incentives to r...
Carnarvon Energy Cancels Over 1.18 Million Performance Rights
Jul 3, 2026
Carnarvon Energy Limited has cancelled 1,183,789 performance rights identified under the ASX code CVNAV, following an agreement between the company and the holder. The cessation of these securities, effective 3 July 2026, represents an adjustment ...
Carnarvon Energy Cancels Over 3.2 Million Lapsed Performance Rights
Jul 3, 2026
Carnarvon Energy Limited has notified the market that 3,213,141 performance rights, trading under the ASX code CVNAV, have ceased following the lapse of conditional rights. The rights expired because the conditions attached to them were not met or...
Carnarvon Energy to Brief Investors on Bedout Exploration in New Webinar
Jun 24, 2026
Carnarvon Energy has released a new corporate presentation that will be delivered by CEO Philip Huizenga during an investor webinar scheduled for 25 June 2026. The event, focused on the company’s Bedout exploration activities, is intended to...
Carnarvon Nearly Doubles Bedout Prospective Resources Ahead of 2027 Drilling Push
Jun 22, 2026
Carnarvon Energy has reported a substantial upgrade to its prospective resource estimates in the Bedout Sub-Basin permits on Australia’s North-West Shelf. Following completion of its Bedout Mega-Merge seismic reprocessing project, the compan...
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.