Carnarvon Energy Limited (CVN) AI Stock Analysis

• Market Cap: AU$159.23M
• Dividend Yield: N/A
• Average Volume (3M): 1.60M
• Price to Earnings (P/E): 44.0
• Beta (1Y): 0.66
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: AU
• Employees: 2
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): >-0.01
• Shares Outstanding: 1,789,086,900
• 10 Day Avg. Volume: 1,203,237
• 30 Day Avg. Volume: 1,600,846
• PEG Ratio: -0.09
• Price to Book (P/B): 0.71
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 61.02K
• 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: AU$0.15
• Price Target Upside: 49.62% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 50 Neutral
• Price Target: AU$0.08 ▼(-16.00% Downside)

The score is held up by a very strong, low-debt balance sheet, but is weighed down by the absence of revenue and ongoing operating losses with inconsistent cash generation. Technicals also remain bearish (price below key moving averages and negative MACD), and valuation is not compelling given the elevated P/E and no dividend yield.

Positive Factors

Strategic Investment

This investment enhances Carnarvon's market position in Western Australia's gas sector, providing exposure to rising regional gas prices and potential supply shortfalls.

Balance Sheet Strength

A strong balance sheet with low leverage provides financial flexibility, allowing the company to invest in growth opportunities without significant financial strain.

Governance Stability

Stable governance and shareholder support, as evidenced by the successful AGM resolutions, contribute to long-term strategic stability and execution.

Negative Factors

Revenue Generation

The absence of revenue generation indicates challenges in monetizing assets, which could hinder sustainable profitability and long-term growth.

Operating Losses

Ongoing operating losses suggest difficulties in achieving operational efficiency, which may impact the company's ability to generate consistent profits.

Cash Flow Volatility

Volatile cash flow, with significant declines, poses risks to financial stability and limits the company's ability to fund operations and growth initiatives reliably.

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; and the Labyrinth project located in the Roebuck Basin in the North West Shelf of Western Australia. It also holds interests in the Taurus project located in the North West Shelf; the Condor and Eagle projects located in the Vulcan Sub-Basin; the Outtrim project located in the Exmouth Sub-Basin; and the Pepper project that is situated in Barrow Sub-basin of the Northern Carnarvon Basin. The company was formerly known as Carnarvon Petroleum Limited and changed its name to Carnarvon Energy Limited in November 2021. Carnarvon Energy Limited was incorporated in 1983 and is headquartered in West Perth, Australia.

How the Company Makes Money

Carnarvon Energy Limited generates revenue primarily through the exploration, development, and production of oil and gas resources. The company's key revenue streams include the sale of crude oil and natural gas extracted from its operated and non-operated ventures. Carnarvon often partners with other energy companies to share the costs and risks associated with exploration and production activities. By participating in joint ventures and farm-out agreements, Carnarvon enhances its capacity to explore and develop its resource acreage. These partnerships also provide access to advanced technology and expertise, which contribute significantly to Carnarvon's ability to monetize its hydrocarbon discoveries.

Carnarvon Energy Limited Financial Statement Overview

Summary

Carnarvon Energy Limited faces significant financial challenges, particularly with its income statement showing no revenue and persistent losses. While the balance sheet displays liquidity strength with substantial cash reserves and low debt, the negative return on equity and ongoing cash flow issues present concerns. Overall, the company's financial position is unstable, and improvements in revenue generation and operational efficiency are crucial for future stability.

Income Statement

Carnarvon Energy Limited shows persistent challenges in generating revenue, as total revenue has been consistently zero over the years. The net profit margin remains negative due to ongoing losses, and there are no signs of revenue growth. Margins such as EBIT and EBITDA are also negative, reflecting operational inefficiencies and a lack of profitability.

Balance Sheet

The company's balance sheet indicates strong liquidity with substantial cash reserves compared to its minimal debt, resulting in a low debt-to-equity ratio. However, the return on equity is negative due to recurring losses, which is a concern. The equity ratio is healthy, indicating a solid asset base relative to equity.

Cash Flow

Despite negative free cash flow in recent years, there is a noticeable improvement in operating cash flow for the most recent period. However, the company's ability to generate cash from operations remains weak compared to its net losses. Continued negative free cash flow growth rate highlights the company's struggle to cover its capital expenditures from operational activities.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-707.00	-707.00K	-231.00K	-256.00K	-269.00K	-256.00K
EBITDA	9.07M	-4.98M	-549.00K	-3.05M	-22.85M	17.47M
Net Income	6.89M	3.65M	-656.00K	-4.10M	-53.75M	17.14M
Balance Sheet
Total Assets	276.32M	276.32M	267.59M	268.57M	273.65M	257.27M
Cash, Cash Equivalents and Short-Term Investments	186.14M	186.14M	179.55M	95.52M	112.42M	98.44M
Total Debt	388.00K	388.00K	601.00K	220.00K	441.00K	644.00K
Total Liabilities	4.79M	4.79M	1.26M	2.22M	3.67M	2.76M
Stockholders Equity	271.53M	271.53M	266.33M	266.36M	269.98M	254.51M
Cash Flow
Free Cash Flow	3.14K	3.14K	-1.95M	-18.28M	-43.76M	-14.39M
Operating Cash Flow	6.01K	6.01K	1.26M	-4.64M	-5.62M	-4.86M
Investing Cash Flow	-2.87K	-2.87K	83.77M	-13.79M	-52.56M	-9.47M
Financing Cash Flow	-202.00	-202.00	467.00K	-58.00K	68.36M	378.00K

Carnarvon Energy Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.10
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: 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 0.09, above the 50-day MA of 0.09, and below the 200-day MA of 0.10, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 63.09 is Neutral, neither overbought nor oversold. The STOCH value of 76.14 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
HZN	64 Neutral	AU$341.79M	18.10	16.49%	14.63%	-4.57%	-52.65%
CVN	50 Neutral	AU$159.23M	44.00	1.40%	―	―	―
COI	50 Neutral	AU$167.50M	-66.67	-4.74%	―	―	70.00%
BTL	49 Neutral	AU$323.46M	-12.75	-13.47%	―	―	―
MAY	49 Neutral	AU$30.26M	-10.00	-7.26%	―	―	-220.00%
KKO	46 Neutral	AU$121.36M	-20.26	-7.73%	―	―	17.02%

Carnarvon Energy Limited Corporate Events

Carnarvon Energy’s 2025 AGM Resolutions Successfully Passed

Carnarvon Energy Limited announced the results of its 2025 Annual General Meeting, where all proposed resolutions were passed. The re-election of Mr. Russell Delroy as a Director and the adoption of the remuneration report for the year ending June 30, 2025, were approved, indicating stable governance and shareholder support.

The most recent analyst rating on (AU:CVN) stock is a Buy with a A$0.14 price target. To see the full list of analyst forecasts on Carnarvon Energy Limited stock, see the AU:CVN Stock Forecast page.

Carnarvon Energy Strengthens Market Position with Strategic Investment in Strike Energy

Carnarvon Energy Limited has completed a strategic A$86 million investment in Strike Energy Limited, securing a 19.9% shareholding and becoming its largest investor. This move enhances Carnarvon’s exposure to Western Australia’s gas and electricity markets, complementing its core interests in the Bedout Basin. The company maintains a strong financial position with A$99 million in cash and no debt, allowing it to advance its exploration and production activities. Despite a delay in drilling due to rig availability, Carnarvon continues to progress its environmental approval plans and remains confident in its long-term development strategy. The investment in Strike Energy is seen as a timely response to an anticipated shortfall in Western Australia’s domestic gas supply, positioning Carnarvon to capitalize on rising regional gas prices.

The most recent analyst rating on (AU:CVN) stock is a Buy with a A$0.14 price target. To see the full list of analyst forecasts on Carnarvon Energy Limited stock, see the AU:CVN Stock Forecast page.