ARAFURA RARE EARTHS LIMITED (ARU)
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ARU - ARAFURA RARE EARTHS LIMITED

FNArena Sector : Rare Earth Minerals
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: -0.01
Index: ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.345

09 Jun
2023

0.010

OPEN

$0.33

2.99%

HIGH

$0.35

8,585,367

LOW

$0.33

TARGET
$0.72 108.7% upside
OTHER COMPANIES IN THE SAME SECTOR
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FNARENA'S MARKET CONSENSUS FORECASTS
ARU: 1
Title FY21
Actual
FY22
Actual
FY23
Forecast
FY24
Forecast
EPS (cps) xxx - 2.3 - 2.4 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A N/A xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

N/A

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-2.3
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx-
Book Value Per Share xxxxxxxxxxxxxxx8.5
Net Operating Cash Flow xxxxxxxxxxxxxxx-27.2 M
Net Profit Margin xxxxxxxxxxxxxxx-

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx-27.96 %
Return on Invested Capital xxxxxxxxxxxxxxx-27.93 %
Return on Assets xxxxxxxxxxxxxxx-26.45 %
Return on Equity xxxxxxxxxxxxxxx-27.96 %
Return on Total Capital xxxxxxxxxxxxxxx-28.01 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-27.3 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 xxxxxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxxxxx0 M
Total Debt xxxxxxxxxxxxxxx0 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx25 M
Price To Book Value xxxxxxxxxxxxxxx3.37

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201720182019202020212022
Capex xxxxxxxxxxxxxxx4.3 M
Capex % of Sales xxxxxxxxxxxxxxx-
Cost of Goods Sold xxxxxxxxxxxxxxx0 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx35 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

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

Bell Potter

12/04/2023

1

Speculative Buy

$0.72

108.70%

Arafura Rare Earths will supply Siemens up to 400tpa of separated neodymium and praseodymium oxide over five years. The signing of the offtake agreement comes after the in-principal debt support for up to US$600m from the German export credit agency, Eueler Hermes.

Bell Potter believes this is providing momentum for the company as it moves towards a final investment decision. Several key milestones will occur over the next 6-12 months. Projects such as Nolans are expected to be supported by the growing demand from the electric vehicle and wind turbine sectors.

The rating is Speculative Buy and the target price of $0.72 is retained.

FORECAST
Bell Potter forecasts a full year FY23 dividend of 0.00 cents and EPS of minus -2.40 cents.
Bell Potter forecasts a full year FY24 dividend of 0.00 cents and EPS of minus -2.63 cents.

ARU STOCK CHART