PERENTI LIMITED (PRN)
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PRN - PERENTI LIMITED

FNArena Sector : Mining Sector Contracting
Year End: June
GICS Industry Group : Materials
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

$1.125

05 Dec
2022

0.015

OPEN

$1.12

1.35%

HIGH

$1.13

992,183

LOW

$1.11

TARGET
$1.295 15.1% upside
Franking for last dividend paid out: 0%
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FNARENA'S MARKET CONSENSUS FORECASTS
PRN: 1
Title FY21
Actual		 FY22
Actual		 FY23
Forecast		 FY24
Forecast
EPS (cps) xxx 5.8 15.5 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A 100.0% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 7.3 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 © 2022 FactSet UK Limited. All rights reserved
Title 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx5.8
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx2,437.7 M
Book Value Per Share xxxxxxxxxxxxxxx186.8
Net Operating Cash Flow xxxxxxxxxxxxxxx341.3 M
Net Profit Margin xxxxxxxxxxxxxxx1.67 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx3.12 %
Return on Invested Capital xxxxxxxxxxxxxxx1.93 %
Return on Assets xxxxxxxxxxxxxxx1.50 %
Return on Equity xxxxxxxxxxxxxxx3.12 %
Return on Total Capital xxxxxxxxxxxxxxx5.76 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-140.7 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

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Sentiment Indicator

1.0

No. Of Recommendations

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

Citi

xx/xx/xxxx

1

xxxxxxxxxx xx xxxxxxxx xxxx xxx

$xx.xx

xx.xx%

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Macquarie

15/11/2022

1

Outperform

$1.30

15.56%

Following a first quarter that reiterated a strong outlook for the remainder of the year, Perenti lifts its full year revenue and earnings guidance. Revenue increases to $2.6-2.7bn, from $2.4-2.5bn, and earnings to 215-230m, from $185-205m. 

Macquarie attributes the increase to improving operational and commercial conditions, as well as favourable movements in the Australian and US dollar exchange rates. The broker's earnings per share assumptions lift 23% for FY23, and 5-6% from FY24. 

The Outperform rating is retained and the target price increases to $1.30 from $1.00.

FORECAST
Macquarie forecasts a full year FY23 dividend of 0.00 cents and EPS of 16.90 cents.
Macquarie forecasts a full year FY24 dividend of 0.00 cents and EPS of 17.60 cents.
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PRN STOCK CHART

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