PERENTI GLOBAL LIMITED (PRN)
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PRN - PERENTI GLOBAL LIMITED

FNArena Sector : Mining Sector Contracting
Year End: June
GICS Industry Group : Materials
Index: ASX200 | 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

$1.07

15 Apr
2021

0.000

OPEN

$1.07

0.000

HIGH

$1.10

2,225,289

LOW

$1.07

TARGET
$1.75 63.6% upside
Franking for last dividend paid out: 0%
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FNARENA'S MARKET CONSENSUS FORECASTS
PRN: 1
Title FY19
Actual
FY20
Actual
FY21
Forecast
FY22
Forecast
EPS (cps) xxx 3.5 13.0 xxx
DPS (cps) xxx 7.0 7.0 xxx
EPS Growth xxx - 88.4% 100.0% xxx
DPS Growth xxx 0.0% 0.0% xxx
PE Ratio xxx N/A 8.4 xxx
Dividend Yield xxx N/A 6.4% xxx
Div Pay Ratio(%) xxx 202.3% 53.8% xxx

Dividend yield today if purchased 3 years ago: 2.55%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

6.42

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: 16/03 - 3.5c (0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2021 FactSet UK Limited. All rights reserved
Title 201520162017201820192020
EPS Basic xxxxxxxxxxxxxxx3.5
DPS All xxxxxxxxxxxxxxx7.0
Sales/Revenue xxxxxxxxxxxxxxx2,046 M

EPS Basic

DPS All

Sales/Revenue

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EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

24/02/2021

1

Buy

$1.75

63.55%

Perenti Global results were materially below UBS estimates. Nevertheless, the underground mining segment is the driver of value and grew 13% year-on-year, despite the pandemic.

UBS assesses embedded growth into FY22 from the ramp up of contracts and expansion opportunities. The surface strategic review has led to -$88.1m in restructuring costs. UBS downgrades FY21-23 estimates by -18-20% because of this.

Buy rating retained, as value is still envisaged. Target is reduced to $1.75 from $1.90.

FORECAST
UBS forecasts a full year FY21 dividend of 7.00 cents and EPS of 13.00 cents.
UBS forecasts a full year FY22 dividend of 8.00 cents and EPS of 15.00 cents.

PRN STOCK CHART