SANDFIRE RESOURCES LIMITED (SFR)
Share Price Analysis and Chart

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SFR - SANDFIRE RESOURCES LIMITED

FNArena Sector : Copper
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 2.56
Index: ASX200 | ASX300 | ALL-ORDS

Sandfire Resources is an Australian mining and exploration company. Its main asset is the DeGrussa copper/gold mine in Western Australia. The company was formed and listed in 2004.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$9.77

07 May
2024

0.100

OPEN

$9.75

1.03%

HIGH

$9.84

1,161,945

LOW

$9.70

TARGET
$8.967 -8.2% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
29M . A1M . AML . AR1 . CNB . CVV . CYM . FFM . FND . HGO . LEG . MAC . MLX . NEM . NWC . RXM . STM . TTM .
FNARENA'S MARKET CONSENSUS FORECASTS
SFR: 1
Title FY24
Forecast		 FY25
Forecast
EPS (cps) - 2.5 xxx
DPS (cps) 2.4 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio N/A xxx
Dividend Yield 0.2% 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

Last ex-div: 15/03 - ex-div 3c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx-17.6
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx1,163.1 M
Book Value Per Share xxxxxxxxxxxxxxx570.9
Net Operating Cash Flow xxxxxxxxxxxxxxx113.9 M
Net Profit Margin xxxxxxxxxxxxxxx-6.59 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx-3.05 %
Return on Invested Capital xxxxxxxxxxxxxxx-2.38 %
Return on Assets xxxxxxxxxxxxxxx-1.58 %
Return on Equity xxxxxxxxxxxxxxx-3.05 %
Return on Total Capital xxxxxxxxxxxxxxx-1.53 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-370.0 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 xxxxxxxxxxxxxxx133 M
Long Term Debt xxxxxxxxxxxxxxx763 M
Total Debt xxxxxxxxxxxxxxx896 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx213 M
Price To Book Value xxxxxxxxxxxxxxx1.03

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx486.1 M
Capex % of Sales xxxxxxxxxxxxxxx41.79 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,204 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx13 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx49 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

6
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

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

01/05/2024

1

Outperform

$10.50

7.47%

Sandfire Resources reported disappointing 3Q24 results according to Macquarie as copper production came in -10% below expectations with operating costs 25% above forecasts.

Motheo's volumes were the main source of operating weakness, while net debt moved higher by US$41m. The company also missed on consenus estimates, notes the analyst.

Management altered guidance slightly, a -3% decline in expected operating costs is forecast to be offset by 8% higher depreciation and amortisation charges. Production guidance is unchanged.

Looking at earnings forecasts, Macquarie adjusts EPS estimates by 1% and 23% for FY24 and FY25, respectively.

An Overweight rating is maintained and a higher valuation from improved spot copper prices lifts the target price 17% to $10.50.

FORECAST
Macquarie forecasts a full year FY24 dividend of 0.00 cents and EPS of minus -13.26 cents.
Macquarie forecasts a full year FY25 dividend of 0.00 cents and EPS of 57.14 cents.

Citi

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

SFR STOCK CHART

FNArena News on SFR

1
Australian Broker Call *Extra* Edition – May 08, 2024

10:30 AM - Daily Market Reports
2
Weekly Ratings, Targets, Forecast Changes – 03-05-24

May 06 2024 - Weekly Reports
3
Material Matters: Base Metals, Coal & Iron Ore

Apr 17 2024 - Commodities
4
Rudi’s View: Shaky Sentiment Ahead Of Corporate Updates

Apr 17 2024 - Rudi's View
5
Australian Broker Call *Extra* Edition – Apr 15, 2024

Apr 15 2024 - Daily Market Reports

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Apr 17 2024 - Technicals
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Preparing For Copper Price Upside

Mar 26 2024 - Commodities
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Jun 22 2023 - Technicals
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Sep 09 2022 - Commodities
6
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Aug 24 2022 - Commodities
7
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Jun 29 2022 - Technicals
8
Inflation Drives Declines at OZ Minerals

Jun 29 2022 - Australia
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May 25 2022 - Technicals
10
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May 05 2022 - Technicals