Carawine Resources Ltd. (CWX) AI Stock Analysis

• Market Cap: AU$22.90M
• Dividend Yield: N/A
• Average Volume (3M): 16.36K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.36
• Revenue Growth: -20.95%
• EPS Growth: -38.60%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 75
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 236,125,440
• 10 Day Avg. Volume: 1,827
• 30 Day Avg. Volume: 16,362
• PEG Ratio: 0.33
• Price to Book (P/B): 0.84
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -4.89
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 45 Neutral
• Price Target: AU$0.00 ▼(-100.00%Downside)

Carawine Resources Ltd.'s overall stock score is primarily driven by significant financial challenges and a weak valuation. While technical analysis shows a slightly positive outlook, the company's persistent unprofitability and negative cash flows weigh heavily on its overall assessment.

Carawine Resources Ltd. Business Overview & Revenue Model

Company Description

Carawine Resources Ltd. (CWX) is an Australian mineral exploration company primarily engaged in the exploration and development of gold, copper, and base metal deposits. The company focuses on discovering and developing high-quality mineral resources in prolific mining regions within Australia, leveraging its extensive portfolio of exploration projects to drive growth and shareholder value.

How the Company Makes Money

Carawine Resources Ltd. generates revenue through the exploration and potential development of mineral resources, primarily gold, copper, and base metals. The company aims to identify and delineate economically viable mineral deposits, enhancing the value of its projects. Revenue is primarily derived from selling or partnering on these projects with larger mining companies, joint ventures, or through outright sales. Carawine also seeks to enhance shareholder value through strategic exploration activities that increase the potential for future profitable mining operations, as well as through potential royalties and milestone payments when projects are developed by partners.

Carawine Resources Ltd. Financial Statement Overview

Summary

Carawine Resources Ltd. faces significant financial challenges, including persistent losses and negative cash flows. Although there is some improvement in revenue growth and debt management, the company struggles with profitability and efficient capital utilization.

Income Statement

Carawine Resources Ltd. has shown a volatile revenue growth pattern with a significant increase from 2023 to 2024. The gross profit margin is positive, but the company consistently reports negative net income, resulting in negative net profit margins. EBIT and EBITDA margins are also negative, indicating ongoing operational challenges.

Balance Sheet

The balance sheet reflects moderate leverage with a low debt-to-equity ratio, suggesting limited reliance on debt. However, the company has a negative return on equity and relatively low equity ratio, indicating inefficiencies in generating returns from shareholder investments.

Cash Flow

The operating and free cash flows are negative, highlighting liquidity challenges. While there is some growth in free cash flow year over year, cash flow from operations remains insufficient to cover net income, leading to a weak operating cash flow to net income ratio.

Breakdown	TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	116.79K	152.52K	75.61K	1.92K	20.79K	120.76K
Gross Profit	45.71K	152.52K	108.05K	-48.91K	-2.97K	101.92K
EBITDA	-878.31K	-853.01K	-973.85K	-1.61M	-1.28M	-969.27K
Net Income	-1.86M	-1.12M	-1.05M	-1.66M	-1.30M	-1.28M
Balance Sheet
Total Assets	23.95M	25.69M	22.51M	18.75M	14.81M	9.85M
Cash, Cash Equivalents and Short-Term Investments	1.51M	3.71M	3.81M	2.96M	3.94M	1.77M
Total Debt	56.32K	66.91K	94.13K	18.57K	41.77K	0.00
Total Liabilities	506.99K	899.41K	861.12K	709.04K	478.78K	259.65K
Stockholders Equity	23.44M	24.79M	21.64M	18.04M	14.33M	9.59M
Cash Flow
Free Cash Flow	-3.98M	-4.39M	-3.74M	-6.02M	-3.54M	-2.65M
Operating Cash Flow	-914.73K	-959.05K	-769.68K	-794.58K	-730.95K	-591.32K
Investing Cash Flow	-2.97M	-3.33M	-2.99M	-5.19M	-2.71M	-1.74M
Financing Cash Flow	-81.96K	4.19M	4.61M	5.00M	5.62M	2.89M

Carawine Resources Ltd. 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:CWX, the sentiment is Positive. The current price of 0.1 is above the 20-day moving average (MA) of 0.10, above the 50-day MA of 0.10, and below the 200-day MA of 0.10, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 57.23 is Neutral, neither overbought nor oversold. The STOCH value of 77.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:CWX.

Carawine Resources Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CWX	45 Neutral	AU$22.90M	―	-7.62%	―	-20.95%	-38.60%
Sector *	44 Neutral	AU$1.41B	-6.06	-40.74%	4.04%	-3.45%	-41.77%
GBE	37 Underperform	€22.23M	―	-10.14%	―	―	18.64%
RTR	32 Underperform	AU$22.82M	―	-8.44%	―	―	20.00%
LMG	32 Underperform	AU$23.64M	―	-0.86%	―	―	97.62%
SHN	32 Underperform	AU$25.05M	―	-47.04%	―	―	-30.23%

Carawine Resources Ltd. Corporate Events

Carawine Faces Joint Venture Termination and Awaited Court Decision

Carawine Resources Limited announced that IGO Limited intends to withdraw from their Fraser Range Joint Venture, effectively terminating the partnership. Carawine now has the option to purchase IGO’s 76% interest in the remaining tenement for a nominal fee or allow its surrender. The company will review previous exploration work to assess the tenement’s potential before deciding. Additionally, Carawine updated stakeholders on the ongoing Federal Court proceedings regarding QGold Pty Ltd’s attempt at compulsory acquisition of Carawine shares, with the court’s decision still pending.

Carawine Resources Faces Court Decision on QGold’s Compulsory Acquisition

Carawine Resources Ltd. is currently involved in court proceedings regarding a compulsory acquisition of its shares by its major shareholder, QGold Pty Ltd. The Federal Court of Australia has concluded hearings on the matter and is expected to announce its decision soon. This acquisition could significantly impact Carawine’s operations and shareholder structure, depending on the court’s ruling.

Carawine Resources Faces Acquisition and Funding Challenges Amid Exploration Plans

Carawine Resources Limited is currently undergoing a compulsory acquisition process by its major shareholder, QGold Pty Ltd, with a court decision expected in May 2025. The company has secured a $1.7 million loan from QGold to support its operations and exploration activities, but will need additional funding by September 2025. Exploration programs at the Paterson Project have been deferred pending the outcome of the court proceedings and funding availability.