PERENTI LIMITED (PRN)
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PRN

PRN - PERENTI LIMITED

FNArena Sector : Mining Sector Contracting
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 0.93
Index: ASX200 | ASX300 | ALL-ORDS

Perenti is a mining services group providing surface mining, underground mining and mining support services. It was formerly Ausdrill and acquired Barminco in 2018.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.30

27 Aug
2026

-0.050

OPEN

$2.35

-2.13%

HIGH

$2.36

3,154,234

LOW

$2.27

TARGET
$2.80 21.7% upside
OTHER COMPANIES IN THE SAME SECTOR
ALQ . ANG . ARI . C79 . CDA . DNL . DOW . EHL . GNG . IMD . IPG . LBL . LYL . MAD . MAH . MIN . MLG . MND . MSV . MYE . NWH . ORI . RAN . RCR . SGH . SRG . SXE . TEA . VBC . XRF .
FNARENA'S MARKET CONSENSUS FORECASTS
PRN: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 8.9 20.8 xxx
DPS (cps) xxx 0.0 8.7 xxx
EPS Growth xxx - 31.3% 100.0% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 11.0 xxx
Dividend Yield xxx N/A 3.8% xxx
Div Pay Ratio(%) xxx N/A 41.8% 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: 25/03 - (franking ex-div 3.25c)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx8.9
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx3,338.2 M
Book Value Per Share xxxxxxxxxxxxxxx189.6
Net Operating Cash Flow xxxxxxxxxxxxxxx444.0 M
Net Profit Margin xxxxxxxxxxxxxxx2.45 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx4.55 %
Return on Invested Capital xxxxxxxxxxxxxxx3.43 %
Return on Assets xxxxxxxxxxxxxxx2.47 %
Return on Equity xxxxxxxxxxxxxxx4.55 %
Return on Total Capital xxxxxxxxxxxxxxx11.71 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx24.8 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 xxxxxxxxxxxxxxx9 M
Long Term Debt xxxxxxxxxxxxxxx562 M
Total Debt xxxxxxxxxxxxxxx571 M
Goodwill - Gross xxxxxxxxxxxxxxx457 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx323 M
Price To Book Value xxxxxxxxxxxxxxx1.19

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx348.7 M
Capex % of Sales xxxxxxxxxxxxxxx10.45 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,674 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx368 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

25/08/2026

1

Outperform

$2.80

21.74%

Perenti's FY26 earnings were in line with consensus. It was a strong result for Contract Mining margins given the portfolio transition, Macquarie notes, with Drilling headwinds easing.

FY27 guidance is stronger it appears, the broker believes, largely driven by a Drilling uptick but Mining accelerating from the second half. Balance sheet flexibility has been driven by free cash flow and asset sales.

Perenti's earnings quality continues to improve as it optimises its project portfolio and focusses on lower-risk jurisdictions. With multiple contracts ramping up through 2026 and a healthy tender pipeline for new and existing projects, Macquarie sees growth accelerating in 2027.

Outperform retained, target falls to $2.80 from $2.85.

FORECAST
Macquarie forecasts a full year FY27 dividend of 8.70 cents and EPS of 20.80 cents.
Macquarie forecasts a full year FY28 dividend of 9.50 cents and EPS of 22.80 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

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Moelis

26/08/2026

1

Buy

$2.66

15.65%

Moelis maintains its Buy recommendation for Perenti with its target price unchanged at $2.66 following a record FY26 EBITDA result supported by steady revenue and margin expansion.

The analyst highlights that initial FY27 guidance is set at revenue of $3.45bn to $3.65bn and EBITDA of $335m to $355m, with performance weighted towards the second half.

FY27-FY29 diluted EPS forecasts have been revised to 20.2c, 22.1c, and 23.4c respectively, driven by balance sheet deleveraging and reduced interest expense.

The investment view centres on conversion of the growing contract pipeline into wins and improving asset utilisation within the drilling segment.

FORECAST
Moelis forecasts a full year FY27 dividend of 7.80 cents and EPS of 20.20 cents.
Moelis forecasts a full year FY28 dividend of 7.50 cents and EPS of 22.10 cents.
Access Extra Coverage Research History >

PRN STOCK CHART

FNArena News on PRN

1
Next Week At A Glance – 31 Aug – 4 Sep 2026

Aug 28 2026 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Aug 27, 2026

Aug 27 2026 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Aug 26, 2026

Aug 26 2026 - Daily Market Reports
4
FNArena Corporate Results Monitor – 25-08-2026

Aug 25 2026 - Australia
5
Australian Broker Call *Extra* Edition – May 18, 2026

May 18 2026 - Daily Market Reports

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