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

$1.395

07 May
2025

0.015

OPEN

$1.38

1.09%

HIGH

$1.40

2,142,711

LOW

$1.37

TARGET
$1.523 9.2% upside
OTHER COMPANIES IN THE SAME SECTOR
ALQ . ANG . ARI . C79 . CDA . DNL . DOW . EHL . GNG . IMD . IPG . 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 17.4 xxx
DPS (cps) xxx 6.0 6.4 xxx
EPS Growth xxx - 21.8% 60.7% xxx
DPS Growth xxx 100.0% 7.2% xxx
PE Ratio xxx N/A 8.1 xxx
Dividend Yield xxx N/A 4.5% xxx
Div Pay Ratio(%) xxx 55.3% 36.9% xxx

Dividend yield today if purchased 3 years ago: 8.82%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.24

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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Bell Potter

27/03/2025

1

Buy

$1.45

3.94%

Bell Potter expresses increased confidence in the outlook for Perenti, raising its target price to $1.45 from $1.35 and retaining a Buy rating.

Although the mining services group does not have direct leverage to rising gold and copper prices, its customers are likely in solid financial positions and incentivised to optimise or expand production, suggests the broker.

Management has been buying back shares which have traded below net tangible assets (NTA), which will be beneficial to EPS, highlight the analysts.

FORECAST
Bell Potter forecasts a full year FY25 dividend of 7.00 cents and EPS of 18.30 cents.
Bell Potter forecasts a full year FY26 dividend of 7.10 cents and EPS of 19.90 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

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Moelis

03/03/2025

1

Buy

$1.30

-6.81%

Perenti reported record revenue in 1H25 and reaffirmed FY25 guidance but 2H skew meant 1H net profit missed Moelis' forecast.

Free cash flow was $30m and, together with post-balance sheet date debtor receipts of $42m, supports the company's FY25 target of $150m plus, the broker comments.

Moelis notes work in hand stands at $4.7bn vs $5.1bn at end-June, and the pipeline of $17.1bn compares with $15.9bn. Recently won work packages in the 1H totalled $700m, demonstrating encouraging momentum in converting the pipeline, the broker highlights.

Target price rises marginally to $1.30 from $1.29. Buy retained.

FORECAST
Moelis forecasts a full year FY25 dividend of 7.00 cents and EPS of 17.60 cents.
Moelis forecasts a full year FY26 dividend of 7.00 cents and EPS of 18.30 cents.
Access Extra Coverage Research History >

PRN STOCK CHART

FNArena News on PRN

1
Australian Broker Call *Extra* Edition – Apr 27, 2025

Apr 28 2025 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Mar 31, 2025

Mar 31 2025 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Mar 03, 2025

Mar 03 2025 - Daily Market Reports
4
FNArena Corporate Results Monitor – 25-02-2025

Feb 25 2025 - Australia
5
Next Week At A Glance -16-20 Dec 2024

Dec 13 2024 - Weekly Reports

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