SYRAH RESOURCES LIMITED (SYR)
Share Price Analysis and Chart

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SYR - SYRAH RESOURCES LIMITED

FNArena Sector : New Battery Elements
Year End: December
GICS Industry Group : Materials
Debt/EBITDA: -5.04
Index: ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.23

22 Nov
2024

0.000

OPEN

$0.24

0.000

HIGH

$0.24

3,203,546

LOW

$0.23

TARGET
$0.568 146.7% upside
Franking for last dividend paid out: 0%
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FNARENA'S MARKET CONSENSUS FORECASTS
SYR: 1
Title FY24
Forecast		 FY25
Forecast
EPS (cps) - 15.3 xxx
DPS (cps) 0.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio N/A xxx
Dividend Yield 0.0% xxx
Div Pay Ratio(%) N/A xxx
This company reports in USD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

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
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx-18.4
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx71.9 M
Book Value Per Share xxxxxxxxxxxxxxx75.0
Net Operating Cash Flow xxxxxxxxxxxxxxx-93.1 M
Net Profit Margin xxxxxxxxxxxxxxx-175.85 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx-21.80 %
Return on Invested Capital xxxxxxxxxxxxxxx-19.40 %
Return on Assets xxxxxxxxxxxxxxx-13.55 %
Return on Equity xxxxxxxxxxxxxxx-21.80 %
Return on Total Capital xxxxxxxxxxxxxxx-12.07 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-313.0 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx413 M
Long Term Debt xxxxxxxxxxxxxxx20 M
Total Debt xxxxxxxxxxxxxxx434 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx124 M
Price To Book Value xxxxxxxxxxxxxxx0.84

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx221.5 M
Capex % of Sales xxxxxxxxxxxxxxx308.13 %
Cost of Goods Sold xxxxxxxxxxxxxxx109 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx67 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

0.8

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Shaw and Partners

xx/xx/xxxx

1

xxx, xxxx xxxx

$xx.xx

xx.xx%

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Macquarie

16/09/2024

1

Outperform

$0.32

39.13%

Macquarie has updated its commodity price outlook with expectations of lower graphite prices and macro factors leading to "material" earnings forecast downgrades.

The broker cuts Syrah Resources EPS estimates by -32% to -100% for FY25 to FY30.

Outperform rating unchanged with a 32c target price.

FORECAST
Macquarie forecasts a full year FY24 dividend of 0.00 cents and EPS of minus -16.59 cents.
Macquarie forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -2.56 cents.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

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

Jarden

06/11/2024

2

Overweight

$0.57

147.83%

Jarden observed Syrah Resources continued to experience cash burn in Q2024 with ongoing challenging conditions in natural graphite markets, leading to a net cash outflow of -US$8.5m from Balama.

The broker highlights the company secured US$150m for Balama’s operational needs, with an initial US$73m disbursement expected in November.

Jarden lowers the target price to $0.57 from $0.66, citing delayed ramp-up at Vidalia and revised cost guidance while maintaining an Overweight rating.

The analyst's EPS forecasts are lowered by -33% for 2024, reflecting low demand expectations and higher costs.

FORECAST
Jarden forecasts a full year FY24 dividend of 0.00 cents and EPS of minus -18.40 cents.
Jarden forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -11.31 cents.
Access Extra Coverage Research History >

SYR STOCK CHART

FNArena News on SYR

1
Australian Broker Call *Extra* Edition – Nov 06, 2024

Nov 06 2024 - Daily Market Reports
2
ESG Focus: The Little Big Things – 02-10-2024

Oct 02 2024 - ESG Focus
3
Australian Broker Call *Extra* Edition – Aug 06, 2024

Aug 06 2024 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – May 21, 2024

May 21 2024 - Daily Market Reports
5
The Short Report – 28 Mar 2024

Mar 28 2024 - Weekly Reports

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