4 Stocks Under The Radar – CPV, LYC, FMG, FAR

  • Oct 16, 2018 AEDT
  • Team Kalkine
4 Stocks Under The Radar – CPV, LYC, FMG, FAR

CLEARVUE TECHNOLOGIES LIMITED (ASX: CPV) – The company reported higher revenue and other income compared with $62,922 in FY17 to FY18 at $507,511. The loss for the period compared to $1,334,455 in FY17 moved to $3,441,590 in FY18. It was mainly impacted by the rise in project costs, finance costs and administrative expenses during the period. Along with decent cash & cash equivalent reserve of $3,818,763, as of 30 June 2018, the company has a debt-free status as at the end of financial year. Above the industry median of 1.34x, the current ratio stood at 12.36x in FY18. The stock of Clearvue Limited traded at a market price of $0.350 as at October 16, 2018 and since the inception of the stock in 2018 it has seen a performance change of 76.16%.

LYNAS CORPORATION LIMITED (ASX: LYC) – The first net profit after tax was recorded at $53.1 million in the Rare Earth industry. In FY 18 cash flows from operating activities were robust, which increase of up to $118.5 million in FY18 compared to $34.0 million in FY17. Compared with $257.0 million in FY17, the company achieved $374.1 million in FY18 in record total sales revenue after commission. The company’s market capitalization increased to $1.55 billion from $386 million during the same period. The stock of Lynas Limited traded at a market price of $1.755 as at October 16, 2018 and since the past one year has seen a performance change of -16.67%. The P/E of the stock is 19.800 and the EPS of the stock is 0.088 AUD representing a decent position in the peer basket. 

FORTESCUE METALS GROUP LTD (ASX: FMG) – In FY18, the company has reported net profit after tax of US$1.1 bn, resulting into an underlying EBITDA of US$3.2 bn. Revenue declined 18%, compared to US$ 8,447 mn in FY17 to US$ 6,887 mn in FY18 as the average iron ore price dropped from US$53/wmt in FY17 to US$44/dmt in FY18. The Board has announced a 62% pay-out of full year net profit with a final fully franked dividend, amounting to total full franked dividend for FY18 at A$0.23 per share, of A$0.12 per share. The company has a net gearing of 24% following rapid de-gearing of balance sheet, it increased returns to shareholders. The stock of Fortescue Limited traded at a market price of $3.880 as at October 16, 2018 and since the past one year it has seen a performance change of -20.85%.

FAR LIMITED (ASX: FAR) – In the half year financial results the company posted loss of $12,077,715 for the period ended 30 June 2018, despite reporting higher revenue and lower cost compared to previous corresponding year. Compared to foreign exchange loss reported in half year ended 30 June 2017, company reported a foreign exchange gain of $2,503,777. However, this reflects $10,270,380 of lower loss in comparison to the previous corresponding period which was principally due to lower exploration expenses of $12,037,359. Expected to increase by approximately $20 million FAR’s net cash forecast. FAR has a negative EPS of -0.006 AUD which restricts the profits of the company. As at October 16, 2018 the stock of FAR Limited traded at a market price of $0.115 and has seen a performance change of 69.12% since the past one year.

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