Carnegie Wave Energy Limited (CWE)
Views and News
Generating clean, renewable power from wave energy
Carnegie has developed a wave technology for generating clean, renewable power from wave energy. Trials have successfully supported progressive up-scaling of the original experimental systems and its first full scale commercial plant is being built near Perth to provide both electricity and potable desalinated water to Australia’s largest naval base, HMAS Stirling, on Garden Island in Western Australia.
Recent News Highlights
As at 31/12/2012 : see details at www.carnegiewave.com (new window? Shift+Click)
Half-yearly Performance & Estimates - CWE
| Year-end June | FY11A | 1H12A | FY12A | 1H13A | FY13A | FY14E | FY15E |
|---|---|---|---|---|---|---|---|
| Sales, $m | 0.08 | 0.08 | 0.23 | 0.11 | 0.02 | 0.00 | 0.00 |
| EBITDA, $m | -12.5 | -2.7 | -4.7 | -1.8 | -3.6 | 0.00 | 0.00 |
| EBIT, $m | -12.7 | -2.7 | -4.8 | -1.8 | -3.7 | 0.00 | 0.00 |
| Report NPAT, $m | -12.4 | -2.7 | -4.6 | -1.8 | -3.4 | ||
| Adj. NPAT, $m | -3.4 | 0.00 | 0.00 | ||||
| Reported EPS, ¢ | -1.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| Adjusted EPS, ¢ | 0.00 | 0.00 | 0.00 | ||||
| EPS %FY/Growth | ****% | -100% | ****% | ****% | ****% | ****% | |
| Dividend, ¢ | 0 | 0 | 0 | 0 | 0 | 0.00 | 0.00 |
| Franking, % | - | - | - | - | - | - | |
| EBITDA Margin | -153.1 | 0 | 0 | -1636% | -18000% | ******% | ******% |
| NPAT Margin | -151.6 | 0 | 0 | -1636% | -17000% | ******% | ******% |
| ROE, % | -19% | 0 | -6% | -2 | -4% | ||
| EBIT/Interest | 49.0 | 0.0 | 24.0 | ****** | 10.86 | ||
| Net Debt / Equity | -0.07 | 0 | -0.06 | -0.09 | -0.14 | ||
| CashFlow/Sh, ¢ | -1.3 | -0.2 | -0.7 | -110.0 | -210.0 | 0.00 | 0.00 |
| Y/E Shares, m | 901.5 | 901.5 | 1,43 | 1,189 | 1,490 |
| Notes |
| Data sourced from IRESS Market Technology Limited. EPS Growth compared with the pcp is shown in most columns, except 1H11A and 1H12A which show the first half % of full year EPS. In a handful of cases, unadjusted share splits may give strange changes in ratios. |
Company Overview
Russell Research in the media
Stock Picks for The Bull.com.au - 23 July 2012
Buy: Blackmores (BKL)
Makes and distributes vitamins and supplements in Australia and South East Asia. Revenues, profits, earnings per share anddividends have grown every year for the past 12 years. With a strong balance sheet and reputation, seasoned management is now leveraging its Asian experience into active regional growth.
Profile
Carnegie Wave Energy
Rating:
Category: Spec Stock ; Midcaps
Action:
Website: www.carnegiewave.com
| ASX code: | CWE |
| Closing Price, 30/12/2013: | $ 0.046 |
| Market Capitalisation: | $ 72 million |
| 52 Week High: | $ 0.08 |
| 52 Week Low: | $ 0.028 |
| Sector: | Utilities |
| Index: | S&P/ASX Index |
Summary of Fundamentals
| Year-end June | FY12A | FY13A | FY14E | FY15E |
|---|---|---|---|---|
| NPAT, $m | -4.5 | -3.3 | 0.0 | 0.0 |
| Reported EPS, ¢ | 0.00 | 0.00 | ||
| Adjusted EPS, ¢ | 0.00 | 0.00 | 0.00 | |
| EPS Growth, % | -100% | **********% | ||
| P/E Ratio, x | ||||
| Dividend, ¢ | 0 | 0 | 0.00 | 0.00 |
| Franking, % | - | - | - | - |
| Div. Yield, % | 0.00 | 0.00 | 0.00 | 0.00 |
Notes
| Our Adjusted EPS is used for the last year and forward estimates and as basis for EPS Growth and P/E Ratio. We currently use Reported data for all historic NPAT, for the prior year EPS and as base for last year EPS growth. |
| Data & Chart sourced from IRESS Market Technology Ltd. |
One Year Chart
As at 30 December 2013
Other Highlights
| Sector: | Utilities |
| Return on Equity, FY13 : | -4% |
| Net Debt to Equity, FY13 : | -14 % |
| EBIT / Interest Cover, FY13 : | 10.86 x |
| Gicscode: | 55100000 |
| First Listed: | 26-Oct-93 |
Business Activities
Carnegie Wave Energy Limited (CWE, formerly Carnegie Corporation Ltd) is an Australian wave energy and clean technology development company. CWE is the owner and developer of the clean energy technologies, called CETO Wave Energy Technology intellectual
Glossary:
| ♠ | "A Core Stock" - reliable long-term yield & growth |
| ♥ | "We like it" - a seasoned performer, growth & yield |
| ♦ | "A tough scout" - creating a potential breakthrough |
| ♣ | "A steady performer" - giving reliable yield or growth |
| Best Stocks | Portfolio of selected attractive investments |
| Potential | Stocks that may have good improvement prospects |
| Speculative | More risky usually smaller stocks with spec. upside |
| Midcaps | In RR Midcap Index, $ 70m to 1,500m market cap. |
| Large Stocks | Larger Stocks upwards of $ 1,500m market cap |