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Cannindah Resources

ASX:CAE
Snowflake Description

Worrying balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CAE
ASX
A$2M
Market Cap
  1. Home
  2. AU
  3. Materials
Company description

Cannindah Resources Limited, together with its subsidiaries, engages in the exploration, evaluation, and development of mineral projects in Australia. The last earnings update was 14 days ago. More info.


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CAE Share Price and Events
7 Day Returns
0%
ASX:CAE
3.8%
AU Metals and Mining
0.3%
AU Market
1 Year Returns
-
ASX:CAE
-21.2%
AU Metals and Mining
-22.9%
AU Market
CAE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Cannindah Resources (CAE) 0% -11.1% - - -72.4% -46.7%
AU Metals and Mining 3.8% -19.5% -25.1% -21.2% 8.6% 19%
AU Market 0.3% -27.8% -30% -22.9% -20.8% -20.3%
1 Year Return vs Industry and Market
  • No trading data on CAE.
  • No trading data on CAE.
Price Volatility
CAE
Industry
5yr Volatility vs Market

Value

 Is Cannindah Resources undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.

In this section, we usually try to help investors determine whether Cannindah Resources is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Cannindah Resources has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Cannindah Resources. This is due to cash flow or dividend data being unavailable. The share price is A$0.008.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Cannindah Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Cannindah Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:CAE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in AUD A$-0.01
ASX:CAE Share Price ** ASX (2020-03-23) in AUD A$0.01
Australia Metals and Mining Industry PE Ratio Median Figure of 76 Publicly-Listed Metals and Mining Companies 7.23x
Australia Market PE Ratio Median Figure of 514 Publicly-Listed Companies 12.59x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Cannindah Resources.

ASX:CAE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:CAE Share Price ÷ EPS (both in AUD)

= 0.01 ÷ -0.01

-1.03x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cannindah Resources is loss making, we can't compare its value to the AU Metals and Mining industry average.
  • Cannindah Resources is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Cannindah Resources's expected growth come at a high price?
Raw Data
ASX:CAE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Australia Metals and Mining Industry PEG Ratio Median Figure of 40 Publicly-Listed Metals and Mining Companies 0.36x
Australia Market PEG Ratio Median Figure of 337 Publicly-Listed Companies 0.97x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Cannindah Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Cannindah Resources's assets?
Raw Data
ASX:CAE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in AUD A$0.00
ASX:CAE Share Price * ASX (2020-03-23) in AUD A$0.01
Australia Metals and Mining Industry PB Ratio Median Figure of 555 Publicly-Listed Metals and Mining Companies 0.97x
Australia Market PB Ratio Median Figure of 1,615 Publicly-Listed Companies 1.16x
ASX:CAE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:CAE Share Price ÷ Book Value per Share (both in AUD)

= 0.01 ÷ 0.00

-3.06x

* Primary Listing of Cannindah Resources.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cannindah Resources has negative assets, we can't compare the value of its assets to the AU Metals and Mining industry average.

Next steps:

  1. Take a look at our analysis of CAE’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. When valuing a company like this, investors focus more on how they perceive the potential returns from the core activities, the size of each contract's opportunity, and the capacity of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Cannindah Resources's regulatory filings and announcements.
  3. Show me more potentially undervalued companies in the Metals and Mining industry
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess Cannindah Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Cannindah Resources has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Cannindah Resources expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Cannindah Resources has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-0.2%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Cannindah Resources expected to grow at an attractive rate?
  • Unable to compare Cannindah Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Cannindah Resources's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare Cannindah Resources's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:CAE Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average -0.2%
Australia Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 1.3%
Australia Market Earnings Growth Rate Market Cap Weighted Average 9.7%
Australia Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:CAE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:CAE Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-12-31 0 0 -1
2019-09-30 0 0 -2
2019-06-30 0 0 -2
2019-03-31 0 0 -2
2018-12-31 0 0 -2
2018-09-30 0 0 -2
2018-06-30 0 0 -1
2018-03-31 0 0 -1
2017-12-31 0 0 -1
2017-09-30 0 0 -1
2017-06-30 0 0 -1
2017-03-31 0 0 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Cannindah Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Cannindah Resources is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:CAE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Cannindah Resources Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:CAE Past Financials Data
Date (Data in AUD Millions) EPS *
2019-12-31 -0.01
2019-09-30 -0.01
2019-06-30 -0.01
2019-03-31 -0.01
2018-12-31 -0.01
2018-09-30 -0.01
2018-06-30 -0.01
2018-03-31 -0.01
2017-12-31 -0.01
2017-09-30 -0.01
2017-06-30 -0.01
2017-03-31 -0.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Cannindah Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of CAE’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Cannindah Resources's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. Cannindah Resources's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Cannindah Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Cannindah Resources has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Cannindah Resources performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Cannindah Resources's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Cannindah Resources does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Cannindah Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Cannindah Resources's 1-year growth to the AU Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Cannindah Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Cannindah Resources Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:CAE Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 0.01 -1.41 0.52
2019-09-30 0.01 -1.62 0.84
2019-06-30 0.01 -1.83 1.16
2019-03-31 0.03 -1.90 1.16
2018-12-31 0.05 -1.98 1.15
2018-09-30 0.08 -1.58 0.85
2018-06-30 0.12 -1.19 0.54
2018-03-31 0.10 -1.02 0.50
2017-12-31 0.08 -0.85 0.47
2017-09-30 0.04 -0.82 0.43
2017-06-30 0.00 -0.80 0.39
2017-03-31 0.00 -0.81 0.37
2016-12-31 0.00 -0.82 0.35
2016-09-30 0.00 -0.89 0.46
2016-06-30 0.00 -0.97 0.58
2016-03-31 0.00 -0.97 0.66
2015-12-31 0.00 -0.97 0.74
2015-09-30 0.00 -0.84 0.63
2015-06-30 0.01 -0.70 0.53
2015-03-31 0.01 -0.62 0.53
2014-12-31 0.02 -0.53 0.54
2014-09-30 0.02 -0.57 0.58
2014-06-30 0.03 -0.61 0.63
2014-03-31 0.04 -0.63 0.62
2013-12-31 0.05 -0.65 0.61
2013-09-30 0.07 -0.61 0.59
2013-06-30 0.08 -0.57 0.57

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Cannindah Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Cannindah Resources has efficiently used its assets last year compared to the AU Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Cannindah Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess Cannindah Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Cannindah Resources has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Cannindah Resources's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Cannindah Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Cannindah Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Cannindah Resources has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Cannindah Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Cannindah Resources has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Cannindah Resources Company Filings, last reported 2 months ago.

ASX:CAE Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 -0.51 4.58 0.00
2019-09-30 -0.51 4.58 0.00
2019-06-30 0.21 4.00 0.02
2019-03-31 0.21 4.00 0.02
2018-12-31 0.61 3.59 0.03
2018-09-30 0.61 3.59 0.03
2018-06-30 1.45 3.22 0.01
2018-03-31 1.45 3.22 0.01
2017-12-31 1.78 2.66 0.13
2017-09-30 1.78 2.66 0.13
2017-06-30 1.91 2.46 0.32
2017-03-31 1.91 2.46 0.32
2016-12-31 1.80 1.95 0.04
2016-09-30 1.80 1.95 0.04
2016-06-30 2.18 1.81 0.41
2016-03-31 2.18 1.81 0.41
2015-12-31 2.38 0.97 0.11
2015-09-30 2.38 0.97 0.11
2015-06-30 2.91 0.42 0.03
2015-03-31 2.91 0.42 0.03
2014-12-31 3.19 0.00 0.18
2014-09-30 3.19 0.00 0.18
2014-06-30 3.45 0.00 0.64
2014-03-31 3.45 0.00 0.64
2013-12-31 3.72 0.00 1.00
2013-09-30 3.72 0.00 1.00
2013-06-30 3.97 0.00 1.56
  • Cannindah Resources has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Cannindah Resources's debt level has increased considering it has negative shareholder equity.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Information is not available.
  • Cannindah Resources has less than a year of cash runway if free cash flow continues to reduce at historical rates of -5% each year.
X
Financial health checks
We assess Cannindah Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Cannindah Resources has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Cannindah Resources's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Cannindah Resources dividends.
If you bought A$2,000 of Cannindah Resources shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Cannindah Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Cannindah Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:CAE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Australia Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 39 Stocks 6.2%
Australia Market Average Dividend Yield Market Cap Weighted Average of 373 Stocks 5.8%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.8%
Australia Bottom 25% Dividend Yield 25th Percentile 3.4%
Australia Top 25% Dividend Yield 75th Percentile 8.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Cannindah Resources has not reported any payouts.
  • Unable to verify if Cannindah Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Cannindah Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Cannindah Resources has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Cannindah Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Cannindah Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Cannindah Resources has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Cannindah Resources's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Tom Pickett
COMPENSATION A$273,750
AGE 46
CEO Bio

Mr. Thomas Jon Pickett, also known as Tom, LLB, Grad Cert App Fin, has been a Non-Executive Director of Silver City Minerals Limited since February 28, 2019. He serves as Chief Executive Officer at Cannindah Resources Limited. Mr. Pickett was In-house counsel at CuDeco Ltd. until 2009. At CuDeco, Mr. Pickett was involved in all aspects of its governance and compliance and operations and implementation of policies and procedures surrounding mine planning. He has significant experience in the mining laws of Queensland and has gained administration and operational experience through involvement with the management of a private exploration and mining company. He maintains a broad experience in the mining industry and has held a number of corporate positions for public and private resource companies. He originally worked as a Cadet Metallurgist in 1990 with ASX-listed Diversified Mineral Resources NL in Cloncurry and continued later with private mining group Kaldig Pty Ltd within their underground mining and CIP processing operations at Cloncurry. He continued to be involved with Kaldig for many years on a consulting basis. Mr. Pickett has been an Executive Chairman of Cannindah Resources Limited (formerly Planet Metals Limited) since September 4, 2013 and served as its Non Executive Director since May 15, 2013. He served as a Non-Executive Director of Aquis Entertainment Limited until August 07, 2015. He served as Independent Chairman of Dynasty Resources Limited (formerly Dynasty Metals Australia Limited) from September 19, 2011 to September 24, 2015. He served as a Non-Executive Director of MCS Services Limited from May 27, 2015 to January 20, 2016. He served as Non Executive Director of Discovery Resources Limited since March 22, 2013. He served as Non-executive Director of CuDeco Ltd. from 2002 to July 29, 2005. Mr. Pickett holds a Bachelor of Laws and was admitted as a solicitor of the Supreme Court of Queensland in 1996. Mr. Pickett holds a Law Degree from Bond University, along with a Graduate Certificate in Applied Finance and Investment.

CEO Compensation
  • Tom's compensation has increased whilst company is loss making.
  • Tom's remuneration is lower than average for companies of similar size in Australia.
Management Team

Tom Pickett

TITLE
Executive Chairman & CEO
COMPENSATION
A$274K
AGE
46

Garry Gill

TITLE
CFO & Company Secretary
COMPENSATION
A$72K
TENURE
7.3 yrs
Board of Directors Tenure

Average tenure of the Cannindah Resources board of directors in years:

3.8
Average Tenure
  • The tenure for the Cannindah Resources board of directors is about average.
Board of Directors

Tom Pickett

TITLE
Executive Chairman & CEO
COMPENSATION
A$274K
AGE
46
TENURE
6.5 yrs

Geoff Missen

TITLE
Independent Non-Executive Director
COMPENSATION
A$20K
TENURE
3.8 yrs

Simon Beams

TITLE
Independent Non-Executive Director
TENURE
0.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
19. Jun 19 Buy Thomas Pickett Individual 11. Jun 19 19. Jun 19 448,043 A$0.02 A$6,424
06. Jun 19 Buy Thomas Pickett Individual 04. Jun 19 05. Jun 19 400,000 A$0.01 A$5,822
X
Management checks
We assess Cannindah Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Cannindah Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

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What Kind Of Shareholder Appears On The Cannindah Resources Limited's (ASX:CAE) Shareholder Register?

As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.' With a market capitalization of AU$2.4m, Cannindah Resources is a small cap stock, so it might not be well known by many institutional investors. … See our latest analysis for Cannindah Resources ASX:CAE Ownership Summary, August 7th 2019 What Does The Lack Of Institutional Ownership Tell Us About Cannindah Resources? … Insider Ownership Of Cannindah Resources The definition of company insiders can be subjective, and does vary between jurisdictions.

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Is Cannindah Resources Limited's (ASX:CAE) CEO Paid At A Competitive Rate?

According to our data, Cannindah Resources Limited has a market capitalization of AU$1.8m, and pays its CEO total annual compensation worth AU$269k. … ASX:CAE CEO Compensation, June 18th 2019 Is Cannindah Resources Limited Growing? … Since shareholders would have lost about 66% over three years, some Cannindah Resources Limited shareholders would surely be feeling negative emotions.

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Do Institutions Own Cannindah Resources Limited (ASX:CAE) Shares?

Every investor in Cannindah Resources Limited (ASX:CAE) should be aware of the most powerful shareholder groups. … Generally speaking, as a company grows, institutions will increase their ownership. … Cannindah Resources is a smaller company with a market capitalization of AU$2.5m, so it may still be flying under the radar of many institutional investors.

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Should You Worry About Cannindah Resources Limited's (ASX:CAE) CEO Pay?

Performance can be measured based on factors such as earnings and total shareholder return (TSR). … I believe earnings is a cleaner proxy, since many factors can impact share price, and therefore, TSR. … Usually I would look at market cap and earnings as a proxy for performance, however, CAE's negative earnings reduces the usefulness of my formula.

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Should You Be Concerned About Cannindah Resources Limited's (ASX:CAE) Shareholders?

Today, I will be analyzing Cannindah Resources Limited’s (ASX:CAE) recent ownership structure, an important but not-so-popular subject among individual investors. … View our latest analysis for Cannindah Resources ASX:CAE Ownership_summary Apr 1st 18 Insider Ownership Another important group of shareholders are company insiders. … This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses.

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What does Cannindah Resources Limited's (ASX:CAE) Balance Sheet Tell Us About Its Future?

CAE's debt levels surged from AU$1.81M to AU$2.46M over the last 12 months , which is made up of current and long term debt. … Moving onto cash from operations, its small level of operating cash flow means calculating cash-to-debt wouldn't be too useful, though these low levels of cash means that operational efficiency is worth a look. … Maintaining a high level of debt, while revenues are still below costs, can be dangerous as liquidity tends to dry up in unexpected downturns.Next Steps: CAE’s high debt levels is not met with high cash flow coverage.

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Does Cannindah Resources Limited's (ASX:CAE) Latest Financial Perfomance Look Strong?

To account for any quarterly or half-yearly updates, I use data from the most recent 12 months, which either annualizes the most recent 6-month earnings update, or in some cases, the most recent annual report is already the latest available financial data. … ASX:CAE Income Statement Mar 15th 18 We can further analyze Cannindah Resources's loss by looking at what the industry has been experiencing over the past few years. … Each year, for the past five years Cannindah Resources has seen an annual decline in revenue of -55.68%, on average.

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Does Cannindah Resources Limited's (ASX:CAE) 17.6% Earnings Growth Make It An Outperformer?

In this article, I will take a look at Cannindah Resources Limited's (ASX:CAE) track record on a high level, to give you some insight into how the company has been performing against its historical trend and its industry peers. … Check out our latest analysis for Cannindah Resources How CAE fared against its long-term earnings performance and its industry For the most up-to-date info, I use data from the most recent 12 months, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data. … This shows that, though Cannindah Resources is presently unprofitable, it may have benefited from industry tailwinds, moving earnings into a more favorable position.What does this mean?

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What Is The Future Prospect For Basic Materials And Cannindah Resources Limited (ASX:CAE)?

Cannindah Resources Limited (ASX:CAE), a AUDA$3.41M small-cap, is a metals and mining operating in an industry which supplies materials for construction. … Today, I will analyse the industry outlook, and also determine whether CAE is a laggard or leader relative to its basic materials sector peers. … If CAE has been on your watchlist for a while, now may be the time to enter into the stock, if you like its ability to deliver growth and are not highly concentrated in the metals and mining industry.

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Are Cannindah Resources Limited's (ASX:CAE) Interest Costs Too High?

Fortunately, we can test the company’s capacity to pay back its debtholders without summoning any catastrophes by looking at how much cash it generates from its current operations. … We test for CAE's ability to meet these needs by comparing its cash and short-term investments with current liabilities. … CAE’s high debt levels is not met with high cash flow coverage.

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Company Info

Description

Cannindah Resources Limited, together with its subsidiaries, engages in the exploration, evaluation, and development of mineral projects in Australia. The company explores for gold and copper. Its flagship project is the Mount Cannindah copper-gold project located in Queensland. The company was formerly known as Planet Metals Limited and changed its name to Cannindah Resources Limited in December 2014. Cannindah Resources Limited was incorporated in 2004 and is based in Southport, Australia.

Details
Name: Cannindah Resources Limited
CAE
Exchange: ASX
Founded: 2004
A$1,546,181
193,272,682
Website: http://www.cannindah.com.au
Address: Cannindah Resources Limited
50 Marine Parade,
Level 3,
Southport,
Queensland, 4215,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX CAE Ordinary Shares Australian Securities Exchange AU AUD 20. May 2005
CHIA CAE Ordinary Shares Chi-X Australia AU AUD 20. May 2005
Number of employees
Current staff
Staff numbers
0
Cannindah Resources employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/29 10:49
End of day share price update: 2020/03/23 00:00
Last earnings filing: 2020/03/15
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.