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$0.10
▼(-5.00% 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
Balance sheet strength
Extremely low leverage and a large equity base give Carnarvon significant financial flexibility to fund exploration or withstand setbacks without urgent refinancing. This durability supports multi‑period project timelines and reduces insolvency risk across commodity cycles.
Negative Factors
No producing revenue
Zero reported revenue and negative operating earnings mean the business lacks commercial production and depends on exploration outcomes or asset sales for value. This creates a binary, high‑risk profile where long‑term success hinges on future discovery and commercialization.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Extremely low leverage and a large equity base give Carnarvon significant financial flexibility to fund exploration or withstand setbacks without urgent refinancing. This durability supports multi‑period project timelines and reduces insolvency risk across commodity cycles.
Read all positive factors
Carnarvon Energy Limited (CVN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$169.96M
Dividend YieldN/A
Average Volume (3M)1.60M
Price to Earnings (P/E)―
Beta (1Y)0.54
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 Upside44.03% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
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 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...
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
0.10
Price Trends
0.09
Negative
0.09
Positive
0.10
Negative
Market Momentum
>-0.01
Positive
47.99
Neutral
27.78
Neutral
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 0.1 is above the 20-day moving average (MA) of 0.09, above the 50-day MA of 0.09, and above the 200-day MA of 0.10, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 47.99 is Neutral, neither overbought nor oversold. The STOCH value of 27.78 is Neutral, 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$431.31M | 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$167.50M | -19.23 | -4.74% | ― | ― | 70.00% | |
49 Neutral | AU$169.96M | -21.28 | -0.67% | ― | ― | ― | |
49 Neutral | AU$373.88M | -6.11 | -14.19% | ― | ― | ― | |
49 Neutral | AU$26.47M | -4.02 | -6.67% | ― | ― | -220.00% | |
43 Neutral | AU$75.27M | -9.56 | -5.81% | ― | ― | 17.02% |
* Energy Sector Average
AU:CVN
Carnarvon Energy Limited
0.10
-0.02
-17.39%
AU:COI
Comet Ridge Ltd
0.14
<0.01
3.70%
AU:BTL
Empire Energy Group Limited
0.30
0.11
62.16%
AU:HZN
Horizon Oil Limited
0.27
0.08
43.24%
AU:MAY
Melbana Energy Limited
0.01
-0.02
-67.74%
AU:KKO
Kinetiko Energy Ltd.
0.05
-0.02
-28.99%
Carnarvon Energy Limited Corporate Events
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...
Carnarvon Energy’s 2025 AGM Resolutions Successfully Passed
Nov 7, 2025
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...
Carnarvon Energy Strengthens Market Position with Strategic Investment in Strike Energy
Oct 29, 2025
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 an...
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.