PERENTI LIMITED (PRN)
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PRN

PRN - PERENTI LIMITED

FNArena Sector : Mining Sector Contracting
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 1.49
Index: ASX300 | ALL-ORDS

Perenti Group is a multi-national mining services company with operations in surface mining, underground mining and mining support services in several countries. The group was founded in 1987 in Kalgoorlie and listed on the ASX in 1994. Prior ASX-listing was as Barminco.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.28

28 Feb
2025

0.030

OPEN

$1.28

2.40%

HIGH

$1.29

4,092,998

LOW

$1.25

TARGET
$1.483 15.9% upside
OTHER COMPANIES IN THE SAME SECTOR
ALQ . ANG . ARI . C79 . CDA . DOW . EHL . GNG . IMD . IPG . IPL . LBL . LYL . MAD . MAH . MIN . MLG . MND . MSV . MYE . NWH . ORI . RAN . RCR . RDG . RUL . SGH . SRG . SXE . XRF .
FNARENA'S MARKET CONSENSUS FORECASTS
PRN: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 10.9 17.8 xxx
DPS (cps) xxx 6.0 6.4 xxx
EPS Growth xxx - 21.8% 64.4% xxx
DPS Growth xxx 100.0% 7.2% xxx
PE Ratio xxx N/A 7.2 xxx
Dividend Yield xxx N/A 5.0% xxx
Div Pay Ratio(%) xxx 55.3% 36.1% xxx

Dividend yield today if purchased 3 years ago: 7.59%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.69

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: 08/10 - ex-div 4c (franking 6%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx10.9
DPS All xxxxxxxxxxxxxxx6.0
Sales/Revenue xxxxxxxxxxxxxxx3,342.0 M
Book Value Per Share xxxxxxxxxxxxxxx188.7
Net Operating Cash Flow xxxxxxxxxxxxxxx487.8 M
Net Profit Margin xxxxxxxxxxxxxxx2.86 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx6.03 %
Return on Invested Capital xxxxxxxxxxxxxxx3.92 %
Return on Assets xxxxxxxxxxxxxxx3.02 %
Return on Equity xxxxxxxxxxxxxxx6.03 %
Return on Total Capital xxxxxxxxxxxxxxx9.85 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx133.5 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 xxxxxxxxxxxxxxx17 M
Long Term Debt xxxxxxxxxxxxxxx911 M
Total Debt xxxxxxxxxxxxxxx929 M
Goodwill - Gross xxxxxxxxxxxxxxx457 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx459 M
Price To Book Value xxxxxxxxxxxxxxx0.53

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx335.2 M
Capex % of Sales xxxxxxxxxxxxxxx10.03 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,746 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx353 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

1.0

No. Of Recommendations

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

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

25/02/2025

1

Outperform

$1.50

17.19%

Perenti's 1H25 earnings were was -6% below market expectations with a slight 2H skew expected. Perenti notes this is in line with its own expectations and what FY25 guidance is built upon, hence reiteration of FY25 guidance.

Contract Mining in 2H is seasonally stronger due to contractual margin growth, Macquarie notes.

Mining Services will benefit from higher fleet utilisation, and Drilling Services expects some improvement in production with an uptick in junior exploration creating upside risk into FY26.

The earnings trajectory into FY26 is attractive, Macquarie suggests. Target falls to $1.50 from $1.70, Outperform retained.

FORECAST
Macquarie forecasts a full year FY25 dividend of 6.30 cents and EPS of 18.90 cents.
Macquarie forecasts a full year FY26 dividend of 6.70 cents and EPS of 20.60 cents.

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

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

Moelis

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Canaccord Genuity

03/03/2025

1

Buy

$1.35

5.47%

Perenti delivered seasonally soft cash flow in the first half compounded by some late payments which Canaccord Genuity notes pushed net debt higher by 27%. This is expected to reverse in the second half and the broker forecasts cash conversion of 115%.

Over the next few months clarity will be sought on the major contract and a continuation of the share buyback. FY25 guidance has been reaffirmed with EBITA of $325-345m.

The main focus is on this Zone 5 contract, which the broker estimates currently accounts for around 8% of group earnings. Buy rating unchanged. Target rises to $1.35 from $1.28.

FORECAST
Canaccord Genuity forecasts a full year FY25 dividend of 6.00 cents and EPS of 13.70 cents.
Canaccord Genuity forecasts a full year FY26 dividend of 6.70 cents and EPS of 17.80 cents.
Access Extra Coverage Research History >

PRN STOCK CHART

FNArena News on PRN

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Australian Broker Call *Extra* Edition – Mar 03, 2025

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2
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Dec 13 2024 - Weekly Reports
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Australian Broker Call *Extra* Edition – Aug 22, 2024

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FNArena Corporate Results Monitor – 20-08-2024

Aug 20 2024 - Australia

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