SYRAH RESOURCES LIMITED (SYR)
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SYR - SYRAH RESOURCES LIMITED

FNArena Sector : New Battery Elements
Year End: December
GICS Industry Group : Materials
Debt/EBITDA: -3.19
Index: ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.49

27 Mar
2024

0.000

OPEN

$0.49

0.000

HIGH

$0.52

7,001,293

LOW

$0.49

TARGET
$0.90 83.7% upside
Franking for last dividend paid out: 0%
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FNARENA'S MARKET CONSENSUS FORECASTS
SYR: 1
Title FY23
Forecast
FY24
Forecast
EPS (cps) - 13.7 xxx
DPS (cps) 0.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio N/A xxx
Dividend Yield 0.0% 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
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx-18.4
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx71.9 M
Book Value Per Share xxxxxxxxxxxxxxx75.0
Net Operating Cash Flow xxxxxxxxxxxxxxx-93.1 M
Net Profit Margin xxxxxxxxxxxxxxx-175.85 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx-21.80 %
Return on Invested Capital xxxxxxxxxxxxxxx-19.40 %
Return on Assets xxxxxxxxxxxxxxx-13.55 %
Return on Equity xxxxxxxxxxxxxxx-21.80 %
Return on Total Capital xxxxxxxxxxxxxxx-12.07 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-313.0 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 xxxxxxxxxxxxxxx413 M
Long Term Debt xxxxxxxxxxxxxxx20 M
Total Debt xxxxxxxxxxxxxxx434 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx124 M
Price To Book Value xxxxxxxxxxxxxxx0.84

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx221.5 M
Capex % of Sales xxxxxxxxxxxxxxx308.13 %
Cost of Goods Sold xxxxxxxxxxxxxxx109 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx67 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx-

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.8

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

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%

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Morgan Stanley

05/02/2024

3

Equal-weight

$0.40

-18.37%

Morgan Stanley has reduced forecast 2024 production at Syrah Resources' Balama, with the mine expected to continue in "campaign" mode in the March quarter. The broker assumes an increase over 2024 as Vidalia ramps up.

The broker has delayed its final investment decison expectation for the Vidalia 45ktpa expansion to the second half, and assumes 45ktpa production from 2028 or later.

Syrah still requires a funding solution to progress Vidalia. Target falls to 40c from 60c, Equal-weight retained. Industry view: Attractive.

FORECAST
Morgan Stanley forecasts a full year FY23 dividend of 0.00 cents and EPS of minus -12.16 cents.
Morgan Stanley forecasts a full year FY24 dividend of 0.00 cents and EPS of minus -7.60 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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SYR STOCK CHART