AERIS RESOURCES LIMITED (AIS)
Share Price Analysis and Chart

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AIS - AERIS RESOURCES LIMITED

FNArena Sector : Industrial Metals
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 1.09
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.105

07 Dec
2023

-0.005

OPEN

$0.12

-4.55%

HIGH

$0.12

8,803,115

LOW

$0.11

TARGET
$0.17 61.9% upside
OTHER COMPANIES IN THE SAME SECTOR
AMG . CHN . COB . DVP . JMS . OMH .
FNARENA'S MARKET CONSENSUS FORECASTS
AIS: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx - 19.3 - 3.6 xxx
DPS (cps) xxx N/A 0.0 xxx
EPS Growth xxx N/A 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: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 N/A

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 © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx-19.3
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx612.4 M
Book Value Per Share xxxxxxxxxxxxxxx36.8
Net Operating Cash Flow xxxxxxxxxxxxxxx59.3 M
Net Profit Margin xxxxxxxxxxxxxxx-22.82 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx-50.42 %
Return on Invested Capital xxxxxxxxxxxxxxx-48.32 %
Return on Assets xxxxxxxxxxxxxxx-27.71 %
Return on Equity xxxxxxxxxxxxxxx-50.42 %
Return on Total Capital xxxxxxxxxxxxxxx-44.47 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-66.0 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 xxxxxxxxxxxxxxx10 M
Long Term Debt xxxxxxxxxxxxxxx15 M
Total Debt xxxxxxxxxxxxxxx25 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx20 M
Price To Book Value xxxxxxxxxxxxxxx1.25

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx149.8 M
Capex % of Sales xxxxxxxxxxxxxxx24.46 %
Cost of Goods Sold xxxxxxxxxxxxxxx711 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx34 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

0.3

No. Of Recommendations

3
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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Ord Minnett

30/11/2023

3

Hold

$0.13

23.81%

Ord Minnett continues to see balance sheet risk for Aeris Resources, despite an around $30m capital raising (at a -27% discount to the share price) to fund working capital requirements.

The underwritten equity raising was via a $12.9m institutional placement, and circa $16.2m via a 1 for 4.73 pro-rata accelerated non-renounceable entitlement offer.

Given a trade payables position (of $121m at June 30) and an onerous $50m debt (at 15.5% interest) with WH Soul Pattinson ((SOL)), Ord Minnett fails to see how value can be realised without another financing event.

Hold. The target falls to 13c from 22c.

FORECAST
Ord Minnett forecasts a full year FY24 dividend of 0.00 cents and EPS of 0.30 cents.
Ord Minnett forecasts a full year FY25 dividend of 0.00 cents and EPS of 4.50 cents.

Macquarie

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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AIS STOCK CHART

FNArena News on AIS

1
Weekly Ratings, Targets, Forecast Changes – 01-12-23

Dec 04 2023 - Weekly Reports
2
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Sep 01 2023 - Australia
3
Weekly Ratings, Targets, Forecast Changes – 04-08-23

Aug 07 2023 - Weekly Reports
4
Australian Broker Call *Extra* Edition – Mar 10, 2023

Mar 10 2023 - Daily Market Reports
5
FNArena Corporate Results Monitor – 01-03-2023

Mar 01 2023 - Australia

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