ARAFURA RARE EARTHS LIMITED (ARU)
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ARU - ARAFURA RARE EARTHS LIMITED

FNArena Sector : Rare Earth Minerals
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: -0.02
Index: ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.19

24 Jul
2024

0.000

OPEN

$0.19

0.000

HIGH

$0.19

0

LOW

$0.19

TARGET
$0.19
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FNARENA'S MARKET CONSENSUS FORECASTS
ARU: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx - 5.1 - 3.6 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A N/A 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 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx-5.1
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx0.0 M
Book Value Per Share xxxxxxxxxxxxxxx10.2
Net Operating Cash Flow xxxxxxxxxxxxxxx-69.4 M
Net Profit Margin xxxxxxxxxxxxxxx-

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx-55.51 %
Return on Invested Capital xxxxxxxxxxxxxxx-55.37 %
Return on Assets xxxxxxxxxxxxxxx-47.85 %
Return on Equity xxxxxxxxxxxxxxx-55.51 %
Return on Total Capital xxxxxxxxxxxxxxx-57.04 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-69.7 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 xxxxxxxxxxxxxxx1 M
Long Term Debt xxxxxxxxxxxxxxx1 M
Total Debt xxxxxxxxxxxxxxx2 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx129 M
Price To Book Value xxxxxxxxxxxxxxx3.00

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx2.3 M
Capex % of Sales xxxxxxxxxxxxxxx-
Cost of Goods Sold xxxxxxxxxxxxxxx1 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx99 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

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

20/03/2024

3

Downgrade to Hold from Buy

$0.19

0%

The Australian government has approved up to US$533m in funding to Arafura Rare Earths through debt facilties. As per Bell Potter, this includes the previously announced $350m alongside additional facilities intended for the ramp up and cost overruns at Nolans.

The broker feels funding risks remain for Arafura Rare Earths, and despite the new facilities providing support expects more is needed to get the project up and runnings. As of late December, the broker had estimated $1.83bn was needed in funding to advance Nolans.

The company remains comitted to completing financing in the third quarter, but Bell Potter considers it more likely this will run into the fourth quarter.

The rating is downgraded to Hold from Buy and the target price of 19 cents is retained.

FORECAST
Bell Potter forecasts a full year FY24 dividend of 0.00 cents and EPS of minus -3.57 cents.
Bell Potter forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -1.15 cents.

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

Petra Capital

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Canaccord Genuity

20/03/2024

1

Speculative Buy

$0.40

110.53%

Price targets across Canaccord Genuity's global rare earths (RE) coverage fall by -15% on average. This comes as the broker lowers its long-term neodymium and praseodymium (NdPr) price to US$120/kg from US$135/kg and models smaller deficits through to 2030.

Challenging market conditions for NdPr have persisted in early-2024, with the economic recovery anticipated in China yet to materialise and further increases in Chinese production quotas, explain the analysts.

ASX-listed rare earth equities are down on average by -40% in the last year, notes the broker. Preferred exposures include those with near-term catalyst potential, such as exploration finds, positive funding outcomes, offtake agreements and approvals.

The target for Arafura Rare Earths falls to 40c from 50c and the Speculative Buy rating is unchanged.

ARU STOCK CHART