BOSS ENERGY LIMITED (BOE)
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BOE

BOE - BOSS ENERGY LIMITED

FNArena Sector : Uranium
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: -0.05
Index: ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.71

01 Aug
2025

-0.030

OPEN

$1.71

-1.72%

HIGH

$1.74

11,439,364

LOW

$1.68

TARGET
$2.569 50.2% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
BOE: 1
Title FY23
Actual
FY24
Actual
FY25
Forecast
FY26
Forecast
EPS (cps) xxx 11.6 - 0.9 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx 100.0% 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 © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx11.6
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx0.0 M
Book Value Per Share xxxxxxxxxxxxxxx124.8
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 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx11.72 %
Return on Invested Capital xxxxxxxxxxxxxxx11.71 %
Return on Assets xxxxxxxxxxxxxxx10.62 %
Return on Equity xxxxxxxxxxxxxxx11.72 %
Return on Total Capital xxxxxxxxxxxxxxx-3.85 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-13.3 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 xxxxxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxxxxx0 M
Total Debt xxxxxxxxxxxxxxx1 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx67 M
Price To Book Value xxxxxxxxxxxxxxx3.31

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx90.4 M
Capex % of Sales xxxxxxxxxxxxxxx-
Cost of Goods Sold xxxxxxxxxxxxxxx0 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx14 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx159 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

0.1

No. Of Recommendations

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Shaw and Partners

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

29/07/2025

1

Buy

$2.70

57.89%

Following on from Citi's first impressions, the broker lowers its earnings forecasts for Boss Energy by -33% and -13% for FY26/FY27 on higher unit costs. A rise in sustaining capex and long-term costs lowers the estimated NPV by -14% to $2.65.

Due to the sharp share price fall, the stock remains Buy rated, with a decline in the target price to $2.70 from $4.60.

****** 

Citi highlights Boss Energy's 4Q25 production was better than expected at 349,188lbs of U3O8, 7% above the analyst's forecast and 4% above consensus.

Sales of 100klbs were notably lower than production and reflected management's strategy to not engage with the market, as the U3O8 price is viewed as "fundamentally" undervalued.

Production guidance for FY26 at 1.6Mlbs was in line with Citi's forecast, but cash cost guidance of $41–$51/lb and all-in-sustaining costs of $64–$70/lb were significantly higher than the broker's forecasts of $34/lb and $48/lb, respectively.

The rise in cash costs resulted from an unexpected decline in average tenor and optimised lixiviant chemistry (lixiviant is injected into the ground to dissolve uranium from the ore body).

FORECAST
Citi forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -6.10 cents.
Citi forecasts a full year FY26 dividend of 0.00 cents and EPS of 15.50 cents.

UBS

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$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

Canaccord Genuity

31/07/2025

1

Speculative Buy

$3.50

104.68%

Canaccord Genuity has downgraded its price target to $3.50/sh (from $5.50) on the back of higher costs, lower production and shorter LOM expectations.

Rating remains Speculative Buy.

Boss Energy produced 40kt of loaded resin, equal to 75–100klb U3O8. Further ramp-up is expected through 2H 2025. The broker also notes strong drilling results at Gould’s Dam, where BOE has flagged in excess of 30mlb resource potential.

With uranium prices firming and sales optionality increasing, the broker sees room for multiple expansion. Commercial guidance, development clarity on Satellite Projects and inventory drawdown strategy remain key near-term catalysts.

BOE STOCK CHART