SYRAH RESOURCES LIMITED (SYR)
Share Price Analysis and Chart

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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

$0.635

07 Dec
2023

0.045

OPEN

$0.60

7.63%

HIGH

$0.64

3,777,128

LOW

$0.58

TARGET
$0.988 55.5% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
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FNARENA'S MARKET CONSENSUS FORECASTS
SYR: 1
Title FY23
Forecast		 FY24
Forecast
EPS (cps) - 13.2 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

0.8

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Shaw and Partners

xx/xx/xxxx

1

xxx (xxxx xxxx)

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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UBS

19/10/2023

1

Buy

$1.05

65.35%

Third quarter operating results for Syrah Resources were in line with UBS forecasts.

Management believes current price levels for the company's natural graphite product are unsustainable. An average realised price of US$528/t (CIF China) was achieved for the quarter.

The broker's Buy rating is maintained and the target slips to $1.05 from $1.10, partly resulting from increased cost assumptions for the Balama operations through the period of campaign mining. 

FORECAST
UBS forecasts a full year FY23 EPS of minus -18.11 cents.
UBS forecasts a full year FY24 EPS of minus -22.64 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

SYR STOCK CHART

FNArena News on SYR

1
The Short Report – 07 Dec 2023

Dec 07 2023 - Weekly Reports
2
The Short Report – 16 Nov 2023

Nov 16 2023 - Weekly Reports
3
ESG Focus: Day Of The TRIFRS

Nov 09 2023 - ESG Focus
4
The Short Report – 02 Nov 2023

Nov 02 2023 - Weekly Reports
5
The Short Report – 26 Oct 2023

Oct 26 2023 - Weekly Reports

Latest New Battery Elements News

1
ESG Focus: The Little Big Things – 31-10-2023

Nov 01 2023 - ESG Focus
2
Lithium: Short Term Pain, Long Term Gain?

Oct 13 2023 - Feature Stories
3
ESG Focus: Grid Battery Innovation Barrelling Down

Sep 07 2023 - ESG Focus
4
Allkem: On The Move

Sep 05 2023 - Technicals
5
The Short Report – 24 Aug 2023

Aug 24 2023 - Weekly Reports
6
ESG Focus: Will Lithium Meet Its Waterloo?

Aug 10 2023 - ESG Focus
7
The Ups And Downs Of Mineral Resources

Jul 25 2023 - Australia
8
Syrah Resources: Near-Term Pain, Graphite Price Upside

Jul 20 2023 - Small Caps
9
Lithium Outlook Includes DLE Uncertainties

Jul 04 2023 - Commodities
10
Lithium: Longer Term Bullish

Jun 29 2023 - Technicals