SANDFIRE RESOURCES LIMITED (SFR)
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SFR - SANDFIRE RESOURCES LIMITED

FNArena Sector : Copper
Year End: June
GICS Industry Group : Materials
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

$5.42

05 Dec
2022

0.170

OPEN

$5.33

3.24%

HIGH

$5.49

3,170,136

LOW

$5.29

TARGET
$4.625 -14.7% downside
Franking for last dividend paid out: 100%
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FNARENA'S MARKET CONSENSUS FORECASTS
SFR: 1
Title FY23
Forecast
FY24
Forecast
EPS (cps) - 12.2 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: 0.54%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

0.57

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 © 2022 FactSet UK Limited. All rights reserved
Title 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx43.7
DPS All xxxxxxxxxxxxxxx3.0
Sales/Revenue xxxxxxxxxxxxxxx1,415.2 M
Book Value Per Share xxxxxxxxxxxxxxx584.4
Net Operating Cash Flow xxxxxxxxxxxxxxx536.7 M
Net Profit Margin xxxxxxxxxxxxxxx10.86 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx9.23 %
Return on Invested Capital xxxxxxxxxxxxxxx7.72 %
Return on Assets xxxxxxxxxxxxxxx5.02 %
Return on Equity xxxxxxxxxxxxxxx9.23 %
Return on Total Capital xxxxxxxxxxxxxxx18.65 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx203.2 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

This is work in progress. Bear with us. It'll be amazing.

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.3

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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xx/xx/xxxx

5

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xx.xx%

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Macquarie

xx/xx/xxxx

-1

xx xxxxxx

xx.xx%

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Citi

21/11/2022

3

Downgrade to Neutral from Buy

$5.40

-0.37%

Sandfire Resources' announcement of a $200m equity raise is somewhat unexpected and Citi thinks the reaction may be mixed. Sandfire assured a raise wasn’t required for debt covenants but for “balance sheet flexibility”.

There is a new CEO coming, costs at MATSA have edged higher, and ASX copper peers are becoming scarcer (in reference to the OZ Minerals takeover) but the copper price is also 7% higher, Citi notes, and China reopening headlines have helped lift the share price 24%.

Citi's near-term base case is for substantial downside in base metals prices over the next 3-6 months. Copper is now pricing a major near-term recovery in demand growth, which is unlikely to materialise before the June quarter next year in the broker's view.

Downgrade to Neutral from Buy, target falls to $5.40 from $5.50.

FORECAST
Citi forecasts a full year FY23 dividend of 0.00 cents and EPS of minus -26.78 cents.
Citi forecasts a full year FY24 dividend of 7.16 cents and EPS of 21.05 cents.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Credit Suisse

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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SFR STOCK CHART