PERENTI LIMITED (PRN)
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PRN - PERENTI LIMITED

FNArena Sector : Mining Sector Contracting
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 1.54
Index: ASX300 | ALL-ORDS

Perenti Group is a multi-national mining services company with operations in surface mining, underground mining and mining support services in several countries. The group was founded in 1987 in Kalgoorlie and listed on the ASX in 1994. Prior ASX-listing was as Barminco.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.05

30 Nov
2023

0.000

OPEN

$1.04

0.000

HIGH

$1.05

5,619,845

LOW

$1.03

TARGET
$1.475 40.5% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
ALQ . ANG . BLY . C79 . CDA . CDD . DCG . DOW . EHL . GNG . IMD . IPG . IPL . LBL . LYL . MAD . MAH . MIN . MLG . MND . MSV . MYE . NWH . ORI . RAN . RCR . RDG . RUL . SRG . SVW . SXE . XRF .
FNARENA'S MARKET CONSENSUS FORECASTS
PRN: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 13.9 23.2 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx 100.0% 66.8% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 4.8 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx 0.0% 0.0% 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

Last ex-div: 05/10 - ex-div 2c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx13.9
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx2,880.1 M
Book Value Per Share xxxxxxxxxxxxxxx206.6
Net Operating Cash Flow xxxxxxxxxxxxxxx398.1 M
Net Profit Margin xxxxxxxxxxxxxxx3.32 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx7.04 %
Return on Invested Capital xxxxxxxxxxxxxxx4.37 %
Return on Assets xxxxxxxxxxxxxxx3.36 %
Return on Equity xxxxxxxxxxxxxxx7.04 %
Return on Total Capital xxxxxxxxxxxxxxx9.32 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx24.2 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx20 M
Long Term Debt xxxxxxxxxxxxxxx787 M
Total Debt xxxxxxxxxxxxxxx806 M
Goodwill - Gross xxxxxxxxxxxxxxx457 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx307 M
Price To Book Value xxxxxxxxxxxxxxx0.50

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx373.9 M
Capex % of Sales xxxxxxxxxxxxxxx12.98 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,376 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx297 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

1.0

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

23/08/2023

1

Outperform

$1.70

61.90%

Perenti's FY23 record result largely met Macquarie's forecast given much was pre-released (after four upgrades in FY23). FY24 guidance was also in line. As expected, no dividend was declared.

The group logged a solid increase in margins to 9.2% from 7.2% and management guided to continued medium-term margin growth, the company boasting strong working in hand and a $14.4bn pipeline.

Operating cash flow conversion was strong at 95% driving free cash flows of $117.3m (a beat) and net debt was a 17% beat.

EPS forecasts rise 4% in FY24, 1% in FY25, and 2% in FY26.

Outperform rating and $1.70 target price retained.

FORECAST
Macquarie forecasts a full year FY24 dividend of 0.00 cents and EPS of 23.80 cents.
Macquarie forecasts a full year FY25 dividend of 4.60 cents and EPS of 26.20 cents.
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PRN STOCK CHART

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