LINDIAN RESOURCES LIMITED (LIN)
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LIN

LIN - LINDIAN RESOURCES LIMITED

FNArena Sector : Aluminium, Bauxite & Alumina
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: -0.02
Index: ASX300 | ALL-ORDS

0

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.44

02 Oct
2026

-0.005

OPEN

$0.46

-1.12%

HIGH

$0.46

39,716,252

LOW

$0.40

TARGET
$0.50 13.6% upside
OTHER COMPANIES IN THE SAME SECTOR
A4N . AAI . AEM . CAA . CAY . RIO .
FNARENA'S MARKET CONSENSUS FORECASTS
LIN: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx - 2.1 - 1.5 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 © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx-2.1
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx0.0 M
Book Value Per Share xxxxxxxxxxxxxxx13.2
Net Operating Cash Flow xxxxxxxxxxxxxxx-11.7 M
Net Profit Margin xxxxxxxxxxxxxxx-

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx-21.01 %
Return on Invested Capital xxxxxxxxxxxxxxx-20.99 %
Return on Assets xxxxxxxxxxxxxxx-18.76 %
Return on Equity xxxxxxxxxxxxxxx-21.01 %
Return on Total Capital xxxxxxxxxxxxxxx-11.87 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-75.5 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxxxxx0 M
Total Debt xxxxxxxxxxxxxxx0 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx108 M
Price To Book Value xxxxxxxxxxxxxxx7.02

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx80.5 M
Capex % of Sales xxxxxxxxxxxxxxx-
Cost of Goods Sold xxxxxxxxxxxxxxx0 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx18 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

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

Macquarie

02/10/2026

5

Downgrade to Underperform from Neutral

$0.50

13.64%

Macquarie cuts its target for Lindian Resources by -33% to $0.50 and downgrades to Underperform from Neutral. Increasing risks around the Stage 2 expansion of the Kangankunde rare earths project in Malawi are cited.

The broker removes Stage 2 from its valuation, noting the proposed fivefold NdPr throughput increase could trigger renewed regulatory scrutiny under the project's existing medium-scale mining licence.

Increasing risk around government participation is also highlighted. Macquarie's base case assumes no free-carried state interest, but any government equity stake would materially reduce valuation as the project expands.

Despite these risks, the broker considers the strategic value of rare earths intact, with NdPr prices up around 30% year-to-date.

This is a summary of research released by Macquarie yesterday.

FORECAST
Macquarie forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -1.50 cents.
Macquarie forecasts a full year FY28 dividend of 0.00 cents and EPS of 0.80 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

0

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
Access Extra Coverage Research History >

LIN STOCK CHART

FNArena News on LIN

1
Weekly Ratings, Targets, Forecast Changes – 02-10-26

10:00 AM - Weekly Reports
2
Australian Broker Call *Extra* Edition – Oct 06, 2025

Oct 06 2025 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Sep 11, 2025

Sep 11 2025 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Aug 25, 2025

Aug 25 2025 - Daily Market Reports
5
Australian Broker Call *Extra* Edition – Aug 18, 2025 (Extra)

Aug 18 2025 - Daily Market Reports

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