Carnarvon Energy Limited (AU:CVN)
ASX:CVN
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Carnarvon Energy Limited
(Sydney:CVN)
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Rating:49Neutral
Price Target:
AU$0.11
▼(-9.17% Downside)
Action:ReiteratedDate:01/15/26
Overall score is held back primarily by weak operating fundamentals (no revenue and ongoing operating losses) and a high P/E valuation. These are partially offset by a very strong, low-debt balance sheet and moderately improving short-term technical positioning.
Positive Factors
Strong balance sheet
Very low leverage and minimal debt provide durable financial flexibility to fund exploration, wait for partner-operated schedules, and withstand cash volatility. This reduces refinancing risk and preserves optionality for farm-downs or opportunistic asset acquisitions over months to years.
Negative Factors
No operating revenue
Absence of recurring operating revenue and persistent negative EBIT mean reported profits are not supported by core operations. This undermines earnings quality and implies sustained dependence on non-operating items or asset disposals to report net gains.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong balance sheet
Very low leverage and minimal debt provide durable financial flexibility to fund exploration, wait for partner-operated schedules, and withstand cash volatility. This reduces refinancing risk and preserves optionality for farm-downs or opportunistic asset acquisitions over months to years.
Read all positive factors
Carnarvon Energy Limited (CVN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$196.80M
Dividend YieldN/A
Average Volume (3M)1.60M
Price to Earnings (P/E)―
Beta (1Y)0.55
Revenue GrowthN/A
EPS GrowthN/A
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 Covering2
EPS Forecast (FY)<0.01
Revenue Forecast (FY)AU$40.22K
Carnarvon Energy Limited Business Overview & Revenue Model
Company Description
Carnarvon Energy Limited explores for, develops, and produces oil and gas in Australia. The company owns interests in the Dorado project located in the Bedout Sub-basin permits of Western Australia; the Buffalo project situated in Bonaparte Basin;...
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
Positive
0.12
Price Trends
0.10
Positive
0.09
Positive
0.10
Positive
Market Momentum
<0.01
Negative
57.95
Neutral
64.13
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 0.12 is above the 20-day moving average (MA) of 0.10, above the 50-day MA of 0.10, and above the 200-day MA of 0.10, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 57.95 is Neutral, neither overbought nor oversold. The STOCH value of 64.13 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 |
|---|---|---|---|---|---|---|---|
71 Outperform | AU$390.62M | 23.18 | 17.50% | 14.63% | -4.57% | -52.65% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
50 Neutral | AU$173.48M | -19.23 | -4.74% | ― | ― | 70.00% | |
49 Neutral | AU$196.80M | -21.28 | -0.67% | ― | ― | ― | |
49 Neutral | AU$405.61M | -6.11 | -14.19% | ― | ― | ― | |
49 Neutral | AU$28.36M | -4.02 | -6.67% | ― | ― | -220.00% | |
45 Neutral | AU$84.49M | -9.56 | -5.81% | ― | ― | 17.02% |
* Energy Sector Average
AU:CVN
Carnarvon Energy Limited
0.11
0.00
0.00%
AU:COI
Comet Ridge Ltd
0.15
0.02
20.00%
AU:BTL
Empire Energy Group Limited
0.31
0.14
82.35%
AU:HZN
Horizon Oil Limited
0.24
0.08
48.73%
AU:MAY
Melbana Energy Limited
0.01
-0.02
-61.54%
AU:KKO
Kinetiko Energy Ltd.
0.05
>-0.01
-8.47%
Carnarvon Energy Limited Corporate Events
S&P Dow Jones Indices Confirms March 2026 All Ordinaries Rebalance
Mar 10, 2026
SP Dow Jones Indices has updated the March 2026 quarterly rebalance for the All Ordinaries index, reversing earlier changes involving African Gold Limited and American Rare Earths Limited and confirming that African Gold will not be added while Am...
S&P Dow Jones Indices Unveils March 2026 S&P/ASX Rebalance
Mar 6, 2026
SP Dow Jones Indices has announced the March 2026 quarterly rebalance of the SP/ASX equity indices, introducing changes across the SP/ASX 20, 50, 100, 200 and 300 benchmarks effective before trading on March 23. The reshuffle adjusts the compositi...
Carnarvon Energy Updates Details of On-Market Share Buy-Back
Feb 9, 2026
Carnarvon Energy Limited has updated its previously announced on-market share buy-back for its ordinary fully paid shares on the ASX. The latest notification, dated 9 February 2026, amends the original 6 February 2026 filing to include the name of...
Carnarvon Energy Launches On-Market Share Buy-Back
Feb 5, 2026
Carnarvon Energy Limited has announced a new on-market share buy-back of its ordinary fully paid shares listed on the ASX under the ticker CVN. The move signals the company’s intention to return capital to shareholders and may indicate manag...
Carnarvon Energy to Restart On-Market Buy-Back of Up to 10% of Shares
Feb 5, 2026
Carnarvon Energy has announced it will recommence an on-market buy-back of up to 10% of its issued ordinary share capital, to be funded from its existing cash balance of A$98 million as at 31 December 2025. The buy-back, which can begin on or arou...
Carnarvon Energy Advances Bedout Plans While Shoring Up Financial Strength and Diversified Energy Strategy
Jan 22, 2026
Carnarvon Energy has reported a solid financial position at 31 December 2025, with A$98 million in cash, no debt and a US$90 million development carry on the Dorado project, while maintaining a lean corporate structure that keeps overheads largely...
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.