SYRAH RESOURCES LIMITED (SYR)
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SYR

SYR - SYRAH RESOURCES LIMITED

FNArena Sector : New Battery Elements
Year End: December
GICS Industry Group : Materials
Debt/EBITDA: -4.31
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.115

30 Apr
2026

0.000

OPEN

$0.12

0.000

HIGH

$0.12

4,395,817

LOW

$0.11

TARGET
$0.50 334.8% upside
Franking for last dividend paid out: 0%
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FNARENA'S MARKET CONSENSUS FORECASTS
SYR: 1
Title FY26
Forecast		 FY27
Forecast
EPS (cps) - 2.4 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: 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 © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx-11.7
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx51.8 M
Book Value Per Share xxxxxxxxxxxxxxx33.2
Net Operating Cash Flow xxxxxxxxxxxxxxx-101.9 M
Net Profit Margin xxxxxxxxxxxxxxx-292.98 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx-27.28 %
Return on Invested Capital xxxxxxxxxxxxxxx-20.13 %
Return on Assets xxxxxxxxxxxxxxx-13.89 %
Return on Equity xxxxxxxxxxxxxxx-27.28 %
Return on Total Capital xxxxxxxxxxxxxxx-13.53 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-110.9 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 xxxxxxxxxxxxxxx240 M
Long Term Debt xxxxxxxxxxxxxxx199 M
Total Debt xxxxxxxxxxxxxxx440 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx116 M
Price To Book Value xxxxxxxxxxxxxxx0.89

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx9.0 M
Capex % of Sales xxxxxxxxxxxxxxx17.42 %
Cost of Goods Sold xxxxxxxxxxxxxxx148 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx38 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

1.0

No. Of Recommendations

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

Macquarie

29/01/2026

1

Outperform

$0.50

334.78%

Macquarie downgrades Syrah Resources' target by -29% to 50c due to a more subdued near-term earnings outlook post the 4Q2025 result, which saw production up 2% and sales down -3%, with pricing missing consensus forecasts by -26% due to product mix changes.

Graphite production came in at 34.4kt, meeting consensus expectations, and recovery rose to 76% from 68% in the prior quarter.

The analyst lowers EPS forecasts by -48% for 2025 and -171% for 2026.

No change to the Outperform rating, as Syrah remains one of the world's largest natural graphite operations.

FORECAST
Macquarie forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -2.39 cents.
Access Stockbroker Research History >
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

Jarden

29/04/2026

4

Underweight

$0.10

-13.04%

Jarden maintains an Underweight rating for Syrah Resources and keeps its $0.10 target price following a weak March quarter at the Balama operation.

Graphite production of 24kt and shipments of 20kt fell well below the company's prior 30kt monthly targets, although recoveries improved to 86% during the period.

Higher freight rates and persistent supply-chain risks from the Middle East conflict continue to weigh on the cost structure, even as C1 operating costs arrived 19% below the report's estimates.

Commentary suggests customer purchasing intent at Vidalia remains uncertain, with qualification processes likely to extend beyond the initial June 2026 deadline for a Phase 3 final investment decision.

The broker maintains its 2026 earnings per share forecast of -3.5 US cents, citing lower production volumes and the high probability of further equity dilution to fund debt redemptions in 2029.

FORECAST
Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -5.24 cents.
Jarden forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -2.54 cents.
Access Extra Coverage Research History >

SYR STOCK CHART

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