PERENTI LIMITED (PRN)
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PRN - PERENTI LIMITED

FNArena Sector : Mining Sector Contracting
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 1.54
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

$0.94

21 Feb
2024

0.030

OPEN

$0.91

3.30%

HIGH

$0.97

4,363,566

LOW

$0.91

TARGET
$1.475 56.9% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ALQ . ANG . BLY . C79 . CDA . CDD . DCG . DOW . EHL . GNG . IMD . IPG . IPL . LBL . LYL . MAD . MAH . MIN . MLG . MND . MSV . MYE . NWH . ORI . RAN . RCR . RDG . RUL . SRG . SVW . SXE . XRF .
FNARENA'S MARKET CONSENSUS FORECASTS
PRN: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx 13.9 21.6 xxx
DPS (cps) xxx 0.0 2.0 xxx
EPS Growth xxx 100.0% 55.6% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 4.2 xxx
Dividend Yield xxx N/A 2.2% xxx
Div Pay Ratio(%) xxx 0.0% 9.3% 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

Last ex-div: 05/10 - ex-div 2c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx13.9
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx2,880.1 M
Book Value Per Share xxxxxxxxxxxxxxx206.6
Net Operating Cash Flow xxxxxxxxxxxxxxx398.1 M
Net Profit Margin xxxxxxxxxxxxxxx3.32 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx7.04 %
Return on Invested Capital xxxxxxxxxxxxxxx4.37 %
Return on Assets xxxxxxxxxxxxxxx3.36 %
Return on Equity xxxxxxxxxxxxxxx7.04 %
Return on Total Capital xxxxxxxxxxxxxxx9.32 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx24.2 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 xxxxxxxxxxxxxxx20 M
Long Term Debt xxxxxxxxxxxxxxx787 M
Total Debt xxxxxxxxxxxxxxx806 M
Goodwill - Gross xxxxxxxxxxxxxxx457 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx307 M
Price To Book Value xxxxxxxxxxxxxxx0.50

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx373.9 M
Capex % of Sales xxxxxxxxxxxxxxx12.98 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,376 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx297 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx-

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

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

21/02/2024

1

Buy

$1.25

32.98%

Citi highlights, subsequent to the first half briefing, that Perenti has been improving its balance sheet through disciplined capital management and this is paying off. With improving cash generation the board has reinstated a two cents dividend.

This is also supported by the ramp up at Motheo A4. Revenue and earnings guidance is unchanged for the full year, which the broker asserts is understandable in the current market.

The  stock is considered undervalued and a Buy rating is maintained along with the $1.25 target. Estimates have been trimmed.

PRN STOCK CHART