PERENTI LIMITED (PRN)
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PRN

PRN - PERENTI LIMITED

FNArena Sector : Mining Sector Contracting
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 1.28
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

$2.87

02 Oct
2025

-0.060

OPEN

$2.91

-2.05%

HIGH

$2.96

10,936,262

LOW

$2.82

TARGET
$2.667 -7.1% downside
OTHER COMPANIES IN THE SAME SECTOR
ALQ . ANG . ARI . C79 . CDA . DNL . DOW . EHL . GNG . IMD . IPG . LBL . LYL . MAD . MAH . MIN . MLG . MND . MSV . MYE . NWH . ORI . RAN . RCR . RUL . SGH . SRG . SXE . XRF .
FNARENA'S MARKET CONSENSUS FORECASTS
PRN: 1
Title FY24
Actual
FY25
Actual
FY26
Forecast
FY27
Forecast
EPS (cps) xxx 12.9 20.5 xxx
DPS (cps) xxx 7.3 8.0 xxx
EPS Growth xxx 19.1% 58.7% xxx
DPS Growth xxx 20.8% 10.8% xxx
PE Ratio xxx N/A 14.1 xxx
Dividend Yield xxx N/A 2.8% xxx
Div Pay Ratio(%) xxx 56.1% 39.2% xxx

Dividend yield today if purchased 3 years ago: 7.63%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

2.51

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: 08/10 - ex-div 4c (franking 6%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx12.9
DPS All xxxxxxxxxxxxxxx7.3
Sales/Revenue xxxxxxxxxxxxxxx3,489.5 M
Book Value Per Share xxxxxxxxxxxxxxx197.0
Net Operating Cash Flow xxxxxxxxxxxxxxx510.1 M
Net Profit Margin xxxxxxxxxxxxxxx3.46 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx6.72 %
Return on Invested Capital xxxxxxxxxxxxxxx4.72 %
Return on Assets xxxxxxxxxxxxxxx3.51 %
Return on Equity xxxxxxxxxxxxxxx6.72 %
Return on Total Capital xxxxxxxxxxxxxxx8.63 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx133.9 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx171 M
Long Term Debt xxxxxxxxxxxxxxx615 M
Total Debt xxxxxxxxxxxxxxx786 M
Goodwill - Gross xxxxxxxxxxxxxxx457 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx481 M
Price To Book Value xxxxxxxxxxxxxxx0.82

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx310.5 M
Capex % of Sales xxxxxxxxxxxxxxx8.90 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,878 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx380 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

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

Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Citi

12/09/2025

1

Buy

$2.55

-11.15%

Perenti secured a $300m underground mining services contract at Ramelius Resources' ((RMS)) Dalgaranga project for four years, with one year extension potential.

The key takeaway for Citi is the gap to revenue and EBITA left by the loss of Zone 5 contract has now been filled. Additionally, the new contract is capital-light, requiring only -$16m of growth capex in FY26.

The broker believes work-in-hand could be as large as $6bn, with further opportunities at Cowal, Geita, and Red Chris.

The company also has balance sheet and capex flexibility to take on new contracts and generate sustained free cash.

Buy. Target unchanged at $2.55.

FORECAST
Citi forecasts a full year FY26 dividend of 7.00 cents and EPS of 19.10 cents.
Citi forecasts a full year FY27 dividend of 7.50 cents and EPS of 21.50 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

12/08/2025

1

Buy

$1.96

-31.71%

Canaccord Genuity expects a broadly good FY25 result from Perenti, with gross debt expected to be lower than $760m consensus. The focus will be on any M&A commentary.

The broker is estimating FY25 revenue of $428.1m vs guidance of $423m and consensus of $417.3m.

Buy. Target price $1.96.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 6.60 cents and EPS of 17.20 cents.

PRN STOCK CHART