SANDFIRE RESOURCES LIMITED (SFR)
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SFR

SFR - SANDFIRE RESOURCES LIMITED

FNArena Sector : Copper
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 1.68
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Sandfire Resources is an Australian mining and exploration company. Its main asset is the DeGrussa copper/gold mine in Western Australia. The company was formed and listed in 2004.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$10.06

05 May
2025

-0.110

OPEN

$10.10

-1.08%

HIGH

$10.23

1,059,634

LOW

$10.06

TARGET
$10.808 7.4% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
29M . A1M . AML . AR1 . CNB . CSC . CVV . CY5 . CYM . FFM . FND . HGO . LEG . MAC . MLX . MM8 . NEM . NWC . STM . TTM .
FNARENA'S MARKET CONSENSUS FORECASTS
SFR: 1
Title FY25
Forecast		 FY26
Forecast
EPS (cps) 42.3 xxx
DPS (cps) 0.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 23.8 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

Last ex-div: 15/03 - ex-div 3c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-5.8
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx1,406.4 M
Book Value Per Share xxxxxxxxxxxxxxx547.2
Net Operating Cash Flow xxxxxxxxxxxxxxx437.9 M
Net Profit Margin xxxxxxxxxxxxxxx-1.88 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-1.04 %
Return on Invested Capital xxxxxxxxxxxxxxx-0.80 %
Return on Assets xxxxxxxxxxxxxxx-0.56 %
Return on Equity xxxxxxxxxxxxxxx-1.04 %
Return on Total Capital xxxxxxxxxxxxxxx1.46 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx101.5 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 xxxxxxxxxxxxxxx94 M
Long Term Debt xxxxxxxxxxxxxxx778 M
Total Debt xxxxxxxxxxxxxxx872 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx275 M
Price To Book Value xxxxxxxxxxxxxxx1.60

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx338.7 M
Capex % of Sales xxxxxxxxxxxxxxx24.08 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,341 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx15 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx3 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

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

30/04/2025

1

Buy

$13.15

30.72%

UBS observes Sandfire Resources reported March quarter copper production of 25.5kt, around –8% below forecast, following weather disruptions at both Matsa and Motheo.

Management maintains its FY25 production guidance of 109kt but the broker trims its internal forecast to 107kt, implying a 28% lift required in the June quarter. Cost guidance at Matsa was raised 4–5% due to euro strength and throughput impacts.

Despite production softness, net debt declined by -US$45m to US$243m, with the company still targeting a net cash position by September quarter 2026.

The analyst lowers forecast FY25 EPS by –5% due to lower output and some cost pressure, but raises FY26 and FY27 EPS estimates by 7% and 2%, respectively.

Buy rating retained. Target price unchanged at $13.15.

FORECAST
UBS forecasts a full year FY25 dividend of 0.00 cents and EPS of 33.82 cents.
UBS forecasts a full year FY26 dividend of 6.00 cents and EPS of 29.21 cents.

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

4

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

Goldman Sachs

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxx

$xx.xx

xx.xx%

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Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Jarden

01/05/2025

1

Buy

$10.90

8.35%

Jarden concludes Sandfire Resources delivered strong operational and financial results despite severe rainfall at both Motheo and Matsa.

Quarterly copper equivalent production of 35.9kt missed the broker's forecasts slightly, though strong cost control and reduced capital expenditure helped offset the impact.

Net debt was reduced by -US$45m during the quarter, totalling a -US$238m reduction over 12 months. Management's FY26 production guidance for Motheo was upgraded to 60kt copper equivalent, consistent with Jarden’s 61kt forecast.

A strong June quarter is needed to meet unchanged FY25 guidance of 154kt, with management confident higher-grade ore is accessible.

Jarden lowers earnings (EBITDA) forecasts by –6% in FY25 and –3% for FY26–27 due to updated cost estimates.

Target price slips to $10.90 from $11.20. Buy rating retained.

FORECAST
Jarden forecasts a full year FY25 dividend of 3.08 cents and EPS of 41.81 cents.
Jarden forecasts a full year FY26 dividend of 9.22 cents and EPS of 82.86 cents.

Wilsons

xx/xx/xxxx

3

xxxxxx xxxxxx

$xx.xx

xx.xx%

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Access Extra Coverage Research History >

SFR STOCK CHART

FNArena News on SFR

1
Australian Broker Call *Extra* Edition – May 05, 2025

May 05 2025 - Daily Market Reports
2
Weekly Ratings, Targets, Forecast Changes – 02-05-25

May 05 2025 - Weekly Reports
3
Australian Broker Call *Extra* Edition – May 01, 2025

May 01 2025 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Apr 20, 2025

Apr 22 2025 - Daily Market Reports
5
Weekly Ratings, Targets, Forecast Changes – 18-04-25

Apr 22 2025 - Weekly Reports

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