ALKANE RESOURCES LIMITED (ALK)
Share Price Analysis and Chart

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ALK - ALKANE RESOURCES LIMITED

FNArena Sector : Gold & Silver
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 0.81
Index: ALL-ORDS

Alkane Resources is an Australian gold producer and explorer. It has two operations in NSW. The company was founded and listed in 1969.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.47

26 Sep
2024

-0.005

OPEN

$0.48

-1.05%

HIGH

$0.48

684,557

LOW

$0.46

TARGET
$0.80 70.2% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
ALK: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 2.9 5.9 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx - 58.7% 100.0% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 8.0 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

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
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx2.9
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx173.0 M
Book Value Per Share xxxxxxxxxxxxxxx51.3
Net Operating Cash Flow xxxxxxxxxxxxxxx52.9 M
Net Profit Margin xxxxxxxxxxxxxxx10.22 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx5.80 %
Return on Invested Capital xxxxxxxxxxxxxxx5.45 %
Return on Assets xxxxxxxxxxxxxxx3.90 %
Return on Equity xxxxxxxxxxxxxxx5.80 %
Return on Total Capital xxxxxxxxxxxxxxx7.03 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-63.1 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 xxxxxxxxxxxxxxx16 M
Long Term Debt xxxxxxxxxxxxxxx33 M
Total Debt xxxxxxxxxxxxxxx49 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx46 M
Price To Book Value xxxxxxxxxxxxxxx0.98

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx135.5 M
Capex % of Sales xxxxxxxxxxxxxxx78.33 %
Cost of Goods Sold xxxxxxxxxxxxxxx143 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx6 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx6 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

0.5

No. Of Recommendations

2
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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Ord Minnett

05/08/2024

3

Hold

$0.50

6.38%

Alkane Resources reported an "unsurprising" 4Q24 earnings report according to Ord Minnett.

The stock has declined -35% the broker highlights, but balance sheet concerns remain due to the further capital expenditure requirements of circa -$135m for Tomingley.

Ord Minnett adjusts the FY24 earnings forecasts by -10%. A Hold rating remains with a decline in the target price to 50c from 55c due to the higher debt levels.

FORECAST
Ord Minnett forecasts a full year FY25 dividend of 0.00 cents and EPS of 8.10 cents.
Access Stockbroker Research History >
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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Petra Capital

30/08/2024

1

Buy

$1.00

112.77%

Alkane Resources delivered FY24 results that were largely in line with Petra Capital. The broker considers FY24 a transition year with the successful start of production from Roswell in the June quarter.

Full year feed from Roswell should support a production uplift of around 70,000 ounces in FY25 and expansion drive increases to 90,000 ounces in FY26.

The rising production profile, as well as of tailing off in capital expenditure, should mean cash flow turns positive from the September quarter of FY25, the broker asserts, retaining a Buy rating and lowering the target to $1.00 from $1.13.

FORECAST
Petra Capital forecasts a full year FY25 dividend of 0.00 cents and EPS of 5.70 cents.
Petra Capital forecasts a full year FY26 dividend of 0.00 cents and EPS of 10.80 cents.
Access Extra Coverage Research History >

ALK STOCK CHART

FNArena News on ALK

1
FNArena Corporate Results Monitor – 06-09-2024

Sep 06 2024 - Australia
2
Australian Broker Call *Extra* Edition – Sep 02, 2024

Sep 02 2024 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Aug 27, 2024

Aug 27 2024 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Aug 06, 2024

Aug 06 2024 - Daily Market Reports
5
Australian Broker Call *Extra* Edition – Aug 01, 2024

Aug 01 2024 - Daily Market Reports

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