SYRAH RESOURCES LIMITED (SYR)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

SYR

SYR - SYRAH RESOURCES LIMITED

FNArena Sector : New Battery Elements
Year End: December
GICS Industry Group : Materials
Debt/EBITDA: -3.76
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.31

25 Dec
2025

0.000

OPEN

$0.31

0.000

HIGH

$0.31

0

LOW

$0.31

TARGET
$0.533 72.0% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
A11 . A4N . AGY . ASN . BKT . BSX . CXO . DLI . ELV . EMN . GL1 . GLN . GT1 . INR . LEL . LKE . LTR . NMT . NVX . PLS . PSC . RNU . SRL . TLG . VR8 . VUL . WC8 . WIN . WR1 .
FNARENA'S MARKET CONSENSUS FORECASTS
SYR: 1
Title FY25
Forecast		 FY26
Forecast
EPS (cps) - 11.1 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 © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-19.4
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx47.8 M
Book Value Per Share xxxxxxxxxxxxxxx56.8
Net Operating Cash Flow xxxxxxxxxxxxxxx-122.6 M
Net Profit Margin xxxxxxxxxxxxxxx-392.42 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-33.04 %
Return on Invested Capital xxxxxxxxxxxxxxx-27.76 %
Return on Assets xxxxxxxxxxxxxxx-17.49 %
Return on Equity xxxxxxxxxxxxxxx-33.04 %
Return on Total Capital xxxxxxxxxxxxxxx-14.41 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-159.1 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx240 M
Long Term Debt xxxxxxxxxxxxxxx196 M
Total Debt xxxxxxxxxxxxxxx436 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx141 M
Price To Book Value xxxxxxxxxxxxxxx0.34

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx36.5 M
Capex % of Sales xxxxxxxxxxxxxxx76.38 %
Cost of Goods Sold xxxxxxxxxxxxxxx157 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx36 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

0.3

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Shaw and Partners

31/07/2025

3

Hold

$0.60

93.55%

Shaw and Partners notes Syrah Resources' Balama production restarted for the first time in more than one year in the June quarter, with 6.5kt of graphite fines produced at a recovery rate of 74% during the ramp-up.

The average FOB sales price came in at US$669/t, with the miner aiming to leverage ex-China demand and maintain production until natural graphite demand rises.

Cash at quarter-end was US$43m, down from US$66m at the end of the previous quarter.

Hold rating and 60c target price retained. Shaw and Partners will update earnings forecasts with the FY25 results.

FORECAST
Shaw and Partners forecasts a full year FY25 EPS of minus -9.48 cents.
Shaw and Partners forecasts a full year FY26 EPS of minus -0.31 cents.

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
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

28/10/2025

2

Overweight

$0.34

9.68%

Jarden highlights a strong restart of the Balama operations in Mozambique by Syrah Resources, producing 25.7kt and selling 23.9kt graphite in the September quarter. Operating cash outflows declined to -US$3.3m from -US$20.2m in the June quarter.

Throughput exceeded the analysts' forecast, though recoveries slipped to 68% due to oxidised feed. Unit costs improved to -US$585/t, with campaign-style operations expected until 2027.

Jarden views Balama as a world-class, low-cost, long-life resource and notes growing US policy support for ex-China graphite supply.

The Vidalia Active Anode Material facility, located in Vidalia, Louisiana, is considered strategically critical, benefiting from US tariffs on Chinese material.

The broker maintains an Overweight rating and 34c target price.

FORECAST
Jarden forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -18.95 cents.
Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -11.65 cents.
Access Extra Coverage Research History >

SYR STOCK CHART

FNArena News on SYR

1
Australian Broker Call *Extra* Edition – Nov 04, 2025

Nov 04 2025 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Sep 16, 2025

Sep 16 2025 - Daily Market Reports
3
In Case You Missed It – BC Extra Upgrades & Downgrades – 25-07-25

Jul 25 2025 - Weekly Reports
4
Australian Broker Call *Extra* Edition – Jul 24, 2025

Jul 24 2025 - Daily Market Reports
5
Weekly Ratings, Targets, Forecast Changes – 23-05-25

May 26 2025 - Weekly Reports

Latest New Battery Elements News

1
Are Markets Ready For Today’s Model-T Moment?

Nov 24 2025 - Australia
2
Valuation vs Sentiment For Pilbara Minerals

Oct 28 2025 - Commodities
3
Roaring Twenties 2.0: AI & Clean-Energy Transformations Shaping Global Markets

Aug 11 2025 - International
4
Lithium’s Bringing Excitement Back

Jul 24 2025 - Technicals
5
Liontown Resources: Going Underground

Mar 20 2025 - Commodities
6
Material Matters: Lithium’s Debate Continues

Jan 17 2025 - Commodities
7
The Lithium Transition – A Recap Of 2024 & Thoughts On 2025

Jan 13 2025 - Commodities
8
In Brief: Lithium, Brazilian Rare Earths & Fineos

Oct 18 2024 - Weekly Reports
9
Patriot Battery Minerals: The Long Game

Jul 22 2024 - Commodities
10
Awaiting The Next Lithium Upswing

Jul 17 2024 - Feature Stories