SYRAH RESOURCES LIMITED (SYR)
Share Price Analysis and Chart

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SYR

SYR - SYRAH RESOURCES LIMITED

FNArena Sector : New Battery Elements
Year End: December
GICS Industry Group : Materials
Debt/EBITDA: -3.76
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.38

28 Jul
2025

-0.020

OPEN

$0.39

-5.00%

HIGH

$0.40

4,339,373

LOW

$0.37

TARGET
$0.333 -12.3% downside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
A11 . A4N . AGY . ASN . AZL . BKT . BSX . CXO . DLI . EMN . GL1 . GLN . GT1 . INR . LEL . LKE . LLL . LPD . LTR . MNS . NMT . NVX . PLL . PLS . PSC . RNU . SRL . SYA . TLG . VR8 . VUL . WC8 . WIN . WR1 .
FNARENA'S MARKET CONSENSUS FORECASTS
SYR: 1
Title FY25
Forecast		 FY26
Forecast
EPS (cps) - 7.8 xxx
DPS (cps) 0.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio N/A xxx
Dividend Yield 0.0% 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
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-20.4
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx47.8 M
Book Value Per Share xxxxxxxxxxxxxxx59.8
Net Operating Cash Flow xxxxxxxxxxxxxxx-122.6 M
Net Profit Margin xxxxxxxxxxxxxxx-392.42 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-33.04 %
Return on Invested Capital xxxxxxxxxxxxxxx-27.76 %
Return on Assets xxxxxxxxxxxxxxx-17.49 %
Return on Equity xxxxxxxxxxxxxxx-33.04 %
Return on Total Capital xxxxxxxxxxxxxxx-14.41 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-159.1 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 xxxxxxxxxxxxxxx240 M
Long Term Debt xxxxxxxxxxxxxxx196 M
Total Debt xxxxxxxxxxxxxxx436 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx141 M
Price To Book Value xxxxxxxxxxxxxxx0.34

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx36.5 M
Capex % of Sales xxxxxxxxxxxxxxx76.38 %
Cost of Goods Sold xxxxxxxxxxxxxxx157 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx36 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

0.0

No. Of Recommendations

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

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

23/05/2025

3

Equal-weight

$0.40

5.26%

Morgan Stanley believes critical minerals will need a significant increase in supply to meet the fast-growing demand from robotics. One of the challenges in meeting this demand is the rising average lead times for mines.

The broker estimates supply deficits by 2040/2050 of -13%/24% of the market for NdPr, -75%/78% for lithium, -16%/34% for cobalt, -17%/25% for nickel and -0.6%/1.5% for copper, respectively. Rare earth price forecasts have been upgraded 

The broker updated its model for Syrah Resources to account for the Balama restart. Target price rises to 40c from 22c. Equal-weight rating.

FORECAST
Morgan Stanley forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -6.18 cents.
Morgan Stanley forecasts a full year FY26 dividend of 0.00 cents and EPS of 3.09 cents.

Macquarie

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

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

23/07/2025

2

Upgrade to Overweight from Neutral

$0.40

5.26%

Jarden upgrades Syrah Resources to Overweight from Neutral and lifts its target price to 40c from 28c. These changes follow imposition of minimum 105% anti-dumping and countervailing duties on Chinese active anode material (AAM) imports into the US.

These durable trade measures, which also apply to AAM within imported battery components, should significantly enhance the competitiveness of Syrah’s US-based Vidalia facility, explains the broker.

The facility produces AAM at unit costs of circa US$5,000–6,000/t versus Chinese landed AAM now priced at over US$8,300/t.

With the duties immediately effective and final determination due by December 2025, Jarden expects the development to rapidly accelerate Vidalia’s commercial momentum. It's also expected to eliminate Syrah’s pricing disadvantage versus Chinese supply.

The broker sees strategic value in Vidalia’s scalable 45ktpa capacity and latent supply potential from Balama. It's anticipated North American battery manufacturers will shift procurement away from China in response to cost and geopolitical pressures.

FORECAST
Jarden forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -19.17 cents.
Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -3.87 cents.
Access Extra Coverage Research History >

SYR STOCK CHART

FNArena News on SYR

1
In Case You Missed It – BC Extra Upgrades & Downgrades – 25-07-25

Jul 25 2025 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Jul 24, 2025

Jul 24 2025 - Daily Market Reports
3
Weekly Ratings, Targets, Forecast Changes – 23-05-25

May 26 2025 - Weekly Reports
4
Australia’s Minerals Strategy And Supply Chains

Apr 02 2025 - Commodities
5
Australian Broker Call *Extra* Edition – Mar 27, 2025

Mar 27 2025 - Daily Market Reports

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