PERENTI LIMITED (PRN)
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PRN

PRN - PERENTI LIMITED

FNArena Sector : Mining Sector Contracting
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 1.28
Index: ASX300 | ALL-ORDS

Perenti Group is a multi-national mining services company with operations in surface mining, underground mining and mining support services in several countries. The group was founded in 1987 in Kalgoorlie and listed on the ASX in 1994. Prior ASX-listing was as Barminco.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.34

28 Aug
2025

-0.010

OPEN

$2.36

-0.43%

HIGH

$2.37

3,771,836

LOW

$2.31

TARGET
$2.45 4.7% upside
OTHER COMPANIES IN THE SAME SECTOR
ALQ . ANG . ARI . C79 . CDA . DNL . DOW . EHL . GNG . IMD . IPG . LBL . LYL . MAD . MAH . MIN . MLG . MND . MSV . MYE . NWH . ORI . RAN . RCR . RDG . RUL . SGH . SRG . SXE . XRF .
FNARENA'S MARKET CONSENSUS FORECASTS
PRN: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 12.9 19.7 xxx
DPS (cps) xxx 7.3 7.8 xxx
EPS Growth xxx 19.1% 52.7% xxx
DPS Growth xxx 20.8% 7.6% xxx
PE Ratio xxx N/A 12.0 xxx
Dividend Yield xxx N/A 3.3% xxx
Div Pay Ratio(%) xxx 56.1% 39.5% xxx

Dividend yield today if purchased 3 years ago: 9.80%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.07

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 08/10 - ex-div 4c (franking 6%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx12.9
DPS All xxxxxxxxxxxxxxx7.3
Sales/Revenue xxxxxxxxxxxxxxx3,489.5 M
Book Value Per Share xxxxxxxxxxxxxxx197.0
Net Operating Cash Flow xxxxxxxxxxxxxxx510.1 M
Net Profit Margin xxxxxxxxxxxxxxx3.46 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx6.72 %
Return on Invested Capital xxxxxxxxxxxxxxx4.72 %
Return on Assets xxxxxxxxxxxxxxx3.51 %
Return on Equity xxxxxxxxxxxxxxx6.72 %
Return on Total Capital xxxxxxxxxxxxxxx8.63 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx133.9 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx171 M
Long Term Debt xxxxxxxxxxxxxxx615 M
Total Debt xxxxxxxxxxxxxxx786 M
Goodwill - Gross xxxxxxxxxxxxxxx457 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx481 M
Price To Book Value xxxxxxxxxxxxxxx0.82

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx310.5 M
Capex % of Sales xxxxxxxxxxxxxxx8.90 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,878 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx380 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.7

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Macquarie

26/08/2025

1

Outperform

$2.65

13.25%

Perenti's FY25 result was solid, Macquarie suggests, and FY26 guidance is largely in line. The quality of the contract book continues to improve and tight cost management is driving margins higher.

The broker believes guidance is somewhat conservative, with 95% of Contract Mining revenue committed; and only a "modest untick" in Drilling Services assumed.

A robust balance sheet is supportive of growth, Macquarie notes, with medium term growth targets announced.

A target increase to $2.65 from $1.52 reflects earnings revisions, including materially lower net debt, and set at an increased 7.0x multiple. Outperform retained.

FORECAST
Macquarie forecasts a full year FY26 dividend of 8.70 cents and EPS of 21.10 cents.
Macquarie forecasts a full year FY27 dividend of 8.90 cents and EPS of 21.70 cents.

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Moelis

03/03/2025

1

Buy

$1.30

-44.44%

Perenti reported record revenue in 1H25 and reaffirmed FY25 guidance but 2H skew meant 1H net profit missed Moelis' forecast.

Free cash flow was $30m and, together with post-balance sheet date debtor receipts of $42m, supports the company's FY25 target of $150m plus, the broker comments.

Moelis notes work in hand stands at $4.7bn vs $5.1bn at end-June, and the pipeline of $17.1bn compares with $15.9bn. Recently won work packages in the 1H totalled $700m, demonstrating encouraging momentum in converting the pipeline, the broker highlights.

Target price rises marginally to $1.30 from $1.29. Buy retained.

FORECAST
Moelis forecasts a full year FY26 dividend of 7.00 cents and EPS of 18.30 cents.
Access Extra Coverage Research History >

PRN STOCK CHART

FNArena News on PRN

1
FNArena Corporate Results Monitor – 26-08-2025

Aug 26 2025 - Australia
2
Australian Broker Call *Extra* Edition – Aug 12, 2025

Aug 12 2025 - Daily Market Reports
3
Rudi’s View: Taking Stock Ahead Of August

Jul 30 2025 - Rudi's View
4
Weekly Ratings, Targets, Forecast Changes – 25-07-25

Jul 28 2025 - Weekly Reports
5
Australian Broker Call *Extra* Edition – Jun 05, 2025

Jun 05 2025 - Daily Market Reports

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