SANDFIRE RESOURCES LIMITED (SFR)
Share Price Analysis and Chart

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SFR - SANDFIRE RESOURCES LIMITED

FNArena Sector : Copper
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 2.56
Index: 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

$8.16

25 Jul
2024

-0.290

OPEN

$8.29

-3.43%

HIGH

$8.42

4,019,712

LOW

$8.13

TARGET
$9.342

-0.17 change from previous day

 14.5% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
29M . A1M . AML . AR1 . CNB . CSC . CVV . CYM . FFM . FND . HGO . LEG . MAC . MLX . NEM . NWC . RXM . STM . TTM .
FNARENA'S MARKET CONSENSUS FORECASTS
SFR: 1
Title FY24
Forecast		 FY25
Forecast
EPS (cps) - 5.0 xxx
DPS (cps) 1.1 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio N/A xxx
Dividend Yield 0.1% 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 © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx-17.6
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx1,163.1 M
Book Value Per Share xxxxxxxxxxxxxxx570.9
Net Operating Cash Flow xxxxxxxxxxxxxxx113.9 M
Net Profit Margin xxxxxxxxxxxxxxx-6.59 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx-3.05 %
Return on Invested Capital xxxxxxxxxxxxxxx-2.38 %
Return on Assets xxxxxxxxxxxxxxx-1.58 %
Return on Equity xxxxxxxxxxxxxxx-3.05 %
Return on Total Capital xxxxxxxxxxxxxxx-1.53 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-370.0 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 xxxxxxxxxxxxxxx133 M
Long Term Debt xxxxxxxxxxxxxxx763 M
Total Debt xxxxxxxxxxxxxxx896 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx213 M
Price To Book Value xxxxxxxxxxxxxxx1.03

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx486.1 M
Capex % of Sales xxxxxxxxxxxxxxx41.79 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,204 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx13 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx49 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

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxx xx xxxxxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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Macquarie

10/07/2024

1

Outperform

$11.20

37.25%

Macquarie highlights quarterly production previews for Capstone Copper, Sandfire Resources and South32 ((S32)).

The broker forecasts 4Q24 copper production of 27.2kt, some 2% above consensus estimates for Sandfire Resources.

Also, the realised copper price for 2Q2024 is expected to be 16% higher at US$4.45/lb against the 1Q2024 at US$3.83/lb, with forecast  EBITDA up 79% on the quarter to US$136m.

Macquarie prefers Capstone Copper over Sandfire Resources.

Nevertheless, the stock is rated Outperform with an $11.20 target and is due to report June quarter results on July 25.

FORECAST
Macquarie forecasts a full year FY24 dividend of 0.00 cents.
Macquarie forecasts a full year FY25 dividend of 0.00 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$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

Jarden

xx/xx/xxxx

2

xxxxxxx xx xxxxxxxxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Wilsons

xx/xx/xxxx

3

xxxxxx xxxxxx

$xx.xx

xx.xx%

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Goldman Sachs

09/07/2024

3

Neutral

$8.70

6.62%

For the second half of 2024 commodities outlook, Goldman Sachs remains most positive on copper, aluminium, and metallurgical coal on forecast market deficits.

On the other hand, the broker remains bearish thermal coal and battery materials (lithium, nickel) on forecast market surpluses. Elsewhere, the benchmark 62% iron ore price is expected to average between US$100-105/t over the remainder of the year.

The broker's target for Sandfire Resources rises to $8.70 from $8.20 due largely to increased zinc and lead price forecasts, along with slightly lower absolute costs across both mines. Neutral.

FORECAST
Goldman Sachs forecasts a full year FY24 EPS of minus -6.00 cents.
Goldman Sachs forecasts a full year FY25 EPS of 70.17 cents.

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

SFR STOCK CHART

FNArena News on SFR

1
In Case You Missed It – BC Extra Upgrades & Downgrades – 26-07-24

Jul 26 2024 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Jul 24, 2024

Jul 24 2024 - Daily Market Reports
3
Next Week At A Glance – 22-26 July 2024

Jul 19 2024 - Weekly Reports
4
Rudi’s View: Rate Cuts, Growth & Small Caps

Jul 18 2024 - Rudi's View
5
Australian Broker Call *Extra* Edition – Jul 11, 2024

Jul 11 2024 - Daily Market Reports

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