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

$11.02

26 May
2025

0.030

OPEN

$11.10

0.27%

HIGH

$11.17

563,590

LOW

$10.98

TARGET
$10.858 -1.5% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
29M . A1M . 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) 42.7 xxx
DPS (cps) 0.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 26.6 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

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

30/04/2025

1

Upgrade to Add from Hold

$11.60

5.26%

Sandfire Resources delivered a resilient March quarter despite heavy rainfall disrupting operations at Matsa in Spain and Motheo in Botswana, Morgans observes.

Group production of 25.5kt copper, 21.5kt zinc, and 1.14Moz silver was slightly below forecasts. Group revenue of US$283m was –4% versus expectations, though earnings (EBITDA) of US$145m beat by 3%.

Net debt reduced by -16% quarter-on-quarter to US$243m, highlighting strong cash generation.

At Motheo, production was affected by flooding, but higher grades and recoveries offset volume losses, and unit costs of US$1.34/lb remained within guidance. Matsa unit costs increased to US$1.54/lb, up 5%, largely due to the stronger euro.

Morgans makes minor upgrades to production forecasts for the final quarter and now sits slightly below guidance for FY25 and EPS for FY25 are lowered by –4%, while estimates for FY26/FY27 rose by 18% and 7%, respectively.

The target price slips to $11.60 from $11.80. The stock is upgraded to Add from Hold.

FORECAST
Morgans forecasts a full year FY25 dividend of 0.00 cents and EPS of 60.07 cents.
Morgans forecasts a full year FY26 dividend of 9.24 cents and EPS of 110.91 cents.

Macquarie

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxxxxxxxxx

$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

-1.09%

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 41.90 cents.
Jarden forecasts a full year FY26 dividend of 9.24 cents and EPS of 83.03 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
Rudi’s View: Rate Cut Winners & AI Beneficiaries

May 22 2025 - Rudi's View
2
Weekly Ratings, Targets, Forecast Changes – 16-05-25

May 19 2025 - Weekly Reports
3
In Case You Missed It – BC Extra Upgrades & Downgrades – 16-05-25

May 16 2025 - Weekly Reports
4
Rudi’s View: 30 For ’30 & Best Buy Convictions

May 15 2025 - Rudi's View
5
Australian Broker Call *Extra* Edition – May 15, 2025

May 15 2025 - Daily Market Reports

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