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Carnarvon Energy Limited
(Sydney:CVN)
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Rating:47Neutral
Price Target:
AU$0.10
▼(-1.00% Downside)
Action:Reiterated
Date:09/30/26
The score is held down primarily by weak operating fundamentals (zero reported revenue and recurring operating losses) despite a conservatively financed balance sheet and improved 2026 cash flow. Technical indicators also lean mildly bearish, and valuation is difficult to support with a negative P/E and no dividend yield provided.
Positive Factors
Conservative Balance Sheet
Very low leverage and a stable equity base provide financial flexibility as Carnarvon advances its projects. This reduces balance-sheet strain, preserves capacity to fund development or withstand volatility, and supports resilience over the next several quarters.
Negative Factors
No Reported Revenue
Zero reported revenue indicates Carnarvon has not yet established operating scale from its activities. Without recurring top-line generation, funding for exploration and development remains dependent on available capital and project progress rather than a self-sustaining commercial base.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Very low leverage and a stable equity base provide financial flexibility as Carnarvon advances its projects. This reduces balance-sheet strain, preserves capacity to fund development or withstand volatility, and supports resilience over the next several quarters.
Read all positive factors
Carnarvon Energy Limited (CVN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$187.80M
Dividend YieldN/A
Average Volume (3M)1.22M
Price to Earnings (P/E)―
Beta (1Y)0.22
Revenue GrowthN/A
EPS Growth-220.00%
CountryAU
Employees2
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,788,618,400
10 Day Avg. Volume1,190,102
30 Day Avg. Volume1,223,171
Financial Highlights & Ratios
PEG Ratio0.20
Price to Book (P/B)0.70
Price to Sales (P/S)0.00
P/FCF Ratio164.64
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 Upside40.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)>-0.01
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
57
Neutral
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -202.00K | -707.00K | -231.00K | -256.00K | -269.00K |
| EBITDA | -3.39M | -4.78M | -549.00K | -3.05M | -22.85M |
| Net Income | -4.23M | 3.65M | -656.00K | -4.10M | -53.75M |
Balance Sheet | |||||
| Total Assets | 271.94M | 276.32M | 267.59M | 268.57M | 273.65M |
| Cash, Cash Equivalents and Short-Term Investments | 97.87M | 186.14M | 179.55M | 95.52M | 112.42M |
| Total Debt | 193.00K | 388.00K | 601.00K | 220.00K | 441.00K |
| Total Liabilities | 4.63M | 4.79M | 1.26M | 2.22M | 3.67M |
| Stockholders Equity | 267.31M | 271.53M | 266.33M | 266.36M | 269.98M |
Cash Flow | |||||
| Free Cash Flow | 1.14M | 3.14K | -1.95M | -18.28M | -43.76M |
| Operating Cash Flow | 1.14M | 6.01K | 1.26M | -4.64M | -5.62M |
| Investing Cash Flow | -89.09M | -2.87K | 83.77M | -13.79M | -52.56M |
| Financing Cash Flow | -206.00K | -202.00 | 467.00K | -58.00K | 68.36M |
Carnarvon Energy Limited Technical Analysis
Positive
0.10
Price Trends
0.10
Positive
0.10
Positive
0.10
Positive
Market Momentum
<0.01
Negative
53.29
Neutral
33.33
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 below 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 53.29 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 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 |
|---|---|---|---|---|---|---|---|
67 Neutral | AU$75.02M | 5.56 | 13.95% | 2.89% | -45.07% | 297.79% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
65 Neutral | AU$73.83M | 16.94 | 7.48% | 4.76% | -8.38% | -31.11% | |
51 Neutral | AU$378.66M | -12.99 | -7.49% | ― | -13.67% | 85.97% | |
47 Neutral | AU$187.80M | -45.83 | -1.58% | ― | ― | -220.00% | |
46 Neutral | AU$58.00M | -70.00 | -15.13% | ― | ― | ― | |
43 Neutral | AU$346.85M | -16.55 | -9.91% | ― | ― | 28.92% |
* Energy Sector Average
AU:CVN
Carnarvon Energy Limited
0.11
0.02
15.79%
AU:CUE
Cue Energy Resources Limited
0.11
0.00
0.00%
AU:BTL
Empire Energy Group Limited
0.24
-0.03
-11.11%
AU:ECH
New Zealand Oil & Gas Limited
0.34
-0.01
-3.13%
AU:PCL
Pancontinental Energy NL
0.01
0.00
0.00%
AU:STX
Strike Energy Limited
0.10
>-0.01
-4.76%
Carnarvon Energy Limited Corporate Events
Carnarvon Energy Sets Out Governance and Market Infrastructure in Annual Report
Sep 28, 2026
Carnarvon Energy Limited, traded on the ASX under code CVN, is headquartered in West Perth and supported by a network of prominent banking partners. Its corporate governance framework is anchored by a non-executive board, formal company secretaria...
Carnarvon Energy Details Governance Framework and ASX Compliance
Sep 28, 2026
Carnarvon Energy has released a detailed corporate governance statement outlining how it adhered to the ASX Corporate Governance Principles and Recommendations during the financial year ended 30 June 2026. The board emphasises regular review of it...
Carnarvon flags high-impact Bedout Sub-basin exploration in 2027
Sep 15, 2026
Carnarvon Energy has released a presentation to be delivered by CEO Philip Huizenga at the annual RIU Good Oil and Gas Energy Conference, outlining its upcoming exploration strategy. The presentation highlights planned high-impact exploration acti...
Carnarvon Energy Sets Key Dates for 2026 AGM and Board Nominations
Aug 19, 2026
Carnarvon Energy has scheduled its 2026 Annual General Meeting for 13 November 2026 at The Celtic Club in West Perth, Western Australia. The company has also set 24 September 2026 as the deadline for receipt of director nominations, in line with A...
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...
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.