SYRAH RESOURCES LIMITED (SYR)
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SYR - SYRAH RESOURCES LIMITED

FNArena Sector : New Battery Elements
Year End: December
GICS Industry Group : Materials
Debt/EBITDA: -3.19
Index: ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.47

25 Sep
2023

0.000

OPEN

$0.48

0.000

HIGH

$0.48

1,986,006

LOW

$0.46

TARGET
$1.067 127.0% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
A11 . A4N . AGY . AKE . AVZ . BKT . BSX . CXO . DLI . EMN . GL1 . GLN . GT1 . INR . JRV . LKE . LLL . LPD . LPI . LTR . MNS . NMT . NVX . PLL . PLS . PSC . RNU . SRL . SYA . TLG . VUL .
FNARENA'S MARKET CONSENSUS FORECASTS
SYR: 1
Title FY23
Forecast		 FY24
Forecast
EPS (cps) - 8.2 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: 0.00%

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
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx-5.6
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx153.2 M
Book Value Per Share xxxxxxxxxxxxxxx95.8
Net Operating Cash Flow xxxxxxxxxxxxxxx-46.4 M
Net Profit Margin xxxxxxxxxxxxxxx-23.50 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx-6.93 %
Return on Invested Capital xxxxxxxxxxxxxxx-5.64 %
Return on Assets xxxxxxxxxxxxxxx-5.03 %
Return on Equity xxxxxxxxxxxxxxx-6.93 %
Return on Total Capital xxxxxxxxxxxxxxx-8.54 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-189.4 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 201720182019202020212022
Short-Term Debt xxxxxxxxxxxxxxx3 M
Long Term Debt xxxxxxxxxxxxxxx123 M
Total Debt xxxxxxxxxxxxxxx126 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx133 M
Price To Book Value xxxxxxxxxxxxxxx2.15

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201720182019202020212022
Capex xxxxxxxxxxxxxxx143.0 M
Capex % of Sales xxxxxxxxxxxxxxx93.35 %
Cost of Goods Sold xxxxxxxxxxxxxxx134 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx74 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

0.7

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Shaw and Partners

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

04/08/2023

1

Outperform

$1.30

176.60%

Syrah Resources has signed binding offtake agreements with Graphex Technologies and Westwater Resources, both of which are
developing active anode material facilities in the US, observes Macquarie.

Management is aiming for around 100ktpa of ex-China fines sales from 2026.

Separately, the analyst points out the offtake and supply of fines to the company's Vidalia expansion could push volumes at the Balama Graphite operations in Mozambique closer to capacity, with upside for the mine's economics.

The Outperform rating and $1.30 target are retained. 

FORECAST
Macquarie forecasts a full year FY23 dividend of 0.00 cents and EPS of minus -14.58 cents.
Macquarie forecasts a full year FY24 dividend of 0.00 cents and EPS of 1.80 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

(xx/xx/xxxx)

xx.xx%

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Access Stockbroker Research History >

SYR STOCK CHART

FNArena News on SYR

1
The Short Report – 21 Sep 2023

Sep 21 2023 - Weekly Reports
2
FNArena Corporate Results Monitor – 20-09-2023

Sep 20 2023 - Australia
3
Next Week At A Glance – 11-15 Sep 2023

Sep 08 2023 - Weekly Reports
4
The Short Report – 24 Aug 2023

Aug 24 2023 - Weekly Reports
5
The Short Report – 27 Jul 2023

Jul 27 2023 - Weekly Reports

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