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Perenti Global Limited (PRN) Report Analysis

Corporate Events

Positive

Perenti Global Limited (ASX:PRN) announces an E...

2022-06-07 08:22:00

Perenti Global Limited (ASX:PRN) announces a share repurchase program. Under the program, the company will repurchase up to 70,429,522 shares,...

Positive

Perenti Global Limited authorizes a Buyback Plan.

2022-06-07 00:00:00

The Board of Directors of Perenti Global Limited has authorized a buyback plan on June 7, 2022.

Neutral

Perenti Secures Additional $520 Million of Aust...

2022-06-06 22:38:00

Perenti announced that its Barminco underground mining business has been awarded the contract for all underground development, and production ...

Neutral

Perenti Global Limited Reaffirms Earnings Guida...

2022-06-06 22:24:00

Perenti Global Limited reaffirmed earnings guidance for the fiscal year 2022. As announced on 23 May 2022, Perenti expects FY22 revenue of $2....

Neutral

Perenti Global Limited - Special Call

2022-06-01 23:40:00

To discuss its updated 2025 Strategy

Positive

Perenti Global Limited (ASX:PRN) acquired Orelo...

2022-02-09 00:00:00

Perenti Global Limited (ASX:PRN) acquired Orelogy Pty Ltd on February 9, 2022. Perenti Global Limited (ASX:PRN) completed the acquisition of ...

Positive

ALS Limited (ASX:ALQ) completed the acquisition...

2021-12-31 00:00:00

ALS Limited (ASX:ALQ) agreed to acquire MinAnalytical Laboratory Services Pty Ltd. from Perenti Global Limited (ASX:PRN) for AUD 43.6 million ...

Positive

ALS Limited (ASX:ALQ) agreed to acquire MinAnal...

2021-12-17 00:00:00

ALS Limited (ASX:ALQ) agreed to acquire MinAnalytical Laboratory Services Pty Ltd. from Perenti Global Limited (ASX:PRN) for AUD 43.6 million ...

Positive

Perenti Global Limited, 0.02 (AUD), Cash Divide...

2021-08-24 00:00:00

Perenti Global Limited, 0.02 (AUD), Cash Dividend, Oct-05-2021

Negative

Perenti Global Limited Declares Final Dividend ...

2021-08-23 21:31:00

Perenti Global Limited announced that as a result of the solid underlying performance of the business in fiscal year 2021, the directors have ...

Neutral

Perenti Global Limited Provides Earnings Guidan...

2021-08-23 21:31:00

Perenti Global Limited provided earnings guidance for the financial year 2022. For the financial year 2022. For the year, the company expects ...

Neutral

Perenti Global Limited to Report Fiscal Year 20...

2021-08-23 21:30:00

Perenti Global Limited announced that they will report fiscal year 2021 results on Aug 24, 2021

Neutral

Perenti Global Limited - Shareholder/Analyst Call

2021-08-23 21:30:00

Annual General Meeting

Neutral

Perenti Global Limited, Annual General Meeting,...

2021-08-18 03:11:00

Perenti Global Limited, Annual General Meeting, Oct 08, 2021, at 11:00 W. Australia Standard Time. Agenda: To receive and consider the financi...

Neutral

Perenti Global Limited, 2021 Earnings Call, Aug...

2021-08-16 06:39:00

Perenti Global Limited, 2021 Earnings Call, Aug 24, 2021

Positive

Perenti Global to Seek Acquisitions

2021-07-26 06:00:00

Perenti Global Limited (ASX:PRN) will look for acquisitions. Sarah Coleman said, "We expect idoba's capability will incrementally expand over ...

Positive

Perenti Global Limited Launches Technology Driv...

2021-07-26 05:47:00

Perenti Global Limited has launched idoba, a new capital light technology-driven service offering available to the mining and resources indust...

Negative

Perenti Global Limited Appoints Timothy Longsta...

2021-07-22 22:20:00

Perenti Global Limited announced the appointment of experienced Sydney-based executive, Mr. Timothy Longstaff, as Non-Executive Director. Mr. ...

Neutral

Perenti Global Limited - Special Call

2021-07-22 05:01:00

To discuss business briefing

Neutral

Perenti Global Limited Awards New $280 Million ...

2021-07-18 22:34:00

Perenti Global Limited announced that AMAX, a joint venture between Perenti's surface mining business and MAXMASS Limited, has been awarded a ...

Neutral

Perenti Finalises the Contract for the Savannah...

2021-07-08 22:36:00

Perenti Global Limited announced its subsidiary leading hard-rock underground miner Barminco has finalised a contract with Panoramic Resources...

Positive

Perenti Global Limited (ASX:PRN) announces an Equity Buyback for 70,429,522 shares, representing 9.98% of its issued share capital.

2022-06-07 08:22:00

Perenti Global Limited (ASX:PRN) announces a share repurchase program. Under the program, the company will repurchase up to 70,429,522 shares, representing 9.98% of its issued share capital. The buyback will be conducted within the ‘10/12 limit’ under the Corporations Act 2001. The program will be valid till June 9, 2023. As of June 7, 2022, the company had 705,711,193 shares in issue.

Positive

Perenti Global Limited authorizes a Buyback Plan.

2022-06-07 00:00:00

The Board of Directors of Perenti Global Limited has authorized a buyback plan on June 7, 2022.

Neutral

Perenti Secures Additional $520 Million of Australian Revenue with New Cowal Underground Contract

2022-06-06 22:38:00

Perenti announced that its Barminco underground mining business has been awarded the contract for all underground development, and production works for Evolution Mining's Cowal Underground project in New South Wales. Barminco is a leading global underground mining services business, with operations in Australia, Africa and North America, and is currently developing an exploration decline and conducting diamond drilling services at Cowal. The award of this new contract significantly expands Barminco's scope at the site to include the development of a second portal, all underground development and production works, and associated underground mining services required to support the continued mill feed of underground ore.

Neutral

Perenti Global Limited Reaffirms Earnings Guidance for the Fiscal Year 2022

2022-06-06 22:24:00

Perenti Global Limited reaffirmed earnings guidance for the fiscal year 2022. As announced on 23 May 2022, Perenti expects FY22 revenue of $2.4 billion.

Neutral

Perenti Global Limited - Special Call

2022-06-01 23:40:00

To discuss its updated 2025 Strategy

Positive

Perenti Global Limited (ASX:PRN) acquired Orelogy Pty Ltd.

2022-02-09 00:00:00

Perenti Global Limited (ASX:PRN) acquired Orelogy Pty Ltd on February 9, 2022. Perenti Global Limited (ASX:PRN) completed the acquisition of Orelogy Pty Ltd on February 9, 2022.

Positive

ALS Limited (ASX:ALQ) completed the acquisition of MinAnalytical Laboratory Services Pty Ltd. from Perenti Global Limited (ASX:PRN).

2021-12-31 00:00:00

ALS Limited (ASX:ALQ) agreed to acquire MinAnalytical Laboratory Services Pty Ltd. from Perenti Global Limited (ASX:PRN) for AUD 43.6 million on December 17, 2021. The total consideration for the transaction is AUD 43.6 million in cash, being AUD 39 million for the shares in MinAnalytical plus AUD 4.6 million for prepayments and other financial adjustments, and represents a premium to book value, which will be offset against Perenti’s carry forward tax losses. The consideration AUD 39 million will be funded from existing debt facilities. The net proceeds of this transaction will be allocated across portfolio to maximise shareholder value. They will continue to evaluate and progress a number of capital management initiatives designed to generate cash flow, streamline our portfolio, liberate cash, sustainably reduce our leverage ratio and efficiently allocate capital across our business. The transaction is anticipated to be completed prior to 31 December 2021. ALS Limited (ASX:ALQ) completed the acquisition of MinAnalytical Laboratory Services Pty Ltd. from Perenti Global Limited (ASX:PRN) in December, 2021.

Positive

ALS Limited (ASX:ALQ) agreed to acquire MinAnalytical Laboratory Services Pty Ltd. from Perenti Global Limited (ASX:PRN) for AUD 43.6 million.

2021-12-17 00:00:00

ALS Limited (ASX:ALQ) agreed to acquire MinAnalytical Laboratory Services Pty Ltd. from Perenti Global Limited (ASX:PRN) for AUD 43.6 million on December 17, 2021. The total consideration for the transaction is AUD 43.6 million in cash, being AUD 39 million for the shares in MinAnalytical plus AUD 4.6 million for prepayments and other financial adjustments, and represents a premium to book value, which will be offset against Perenti’s carry forward tax losses. The consideration AUD 39 million will be funded from existing debt facilities. The net proceeds of this transaction will be allocated across portfolio to maximise shareholder value. They will continue to evaluate and progress a number of capital management initiatives designed to generate cash flow, streamline our portfolio, liberate cash, sustainably reduce our leverage ratio and efficiently allocate capital across our business. The transaction is anticipated to be completed prior to 31 December 2021.

Positive

Perenti Global Limited, 0.02 (AUD), Cash Dividend, Oct-05-2021

2021-08-24 00:00:00

Perenti Global Limited, 0.02 (AUD), Cash Dividend, Oct-05-2021

Negative

Perenti Global Limited Declares Final Dividend for the Year Ended 30 June 2021, Payable on October 20, 2021

2021-08-23 21:31:00

Perenti Global Limited announced that as a result of the solid underlying performance of the business in fiscal year 2021, the directors have declared a final dividend of 2.0 cents per share for a total dividend of 5.5 cents per share for the year ended 30 June 2021. The final dividend of 2.0 cents per share represents a second half NPAT payout ratio of 43% which in line with their average payout for the previous ten years of 41%. The unfranked dividend will have a record date of 6 October 2021 and will be paid to Perenti shareholders on 20 October 2021.

Neutral

Perenti Global Limited Provides Earnings Guidance for the Financial Year 2022

2021-08-23 21:31:00

Perenti Global Limited provided earnings guidance for the financial year 2022. For the financial year 2022. For the year, the company expects revenue of $2.0 billion to $2.2 billion a year ago.

Neutral

Perenti Global Limited to Report Fiscal Year 2021 Results on Aug 24, 2021

2021-08-23 21:30:00

Perenti Global Limited announced that they will report fiscal year 2021 results on Aug 24, 2021

Neutral

Perenti Global Limited - Shareholder/Analyst Call

2021-08-23 21:30:00

Annual General Meeting

Neutral

Perenti Global Limited, Annual General Meeting, Oct 08, 2021

2021-08-18 03:11:00

Perenti Global Limited, Annual General Meeting, Oct 08, 2021, at 11:00 W. Australia Standard Time. Agenda: To receive and consider the financial report for the year ended 30 June 2021 and the related Directors' Report, Directors' Declaration and Auditors' Report; to consider the re-election of Mr. Mark Andrew Hine; to consider the re-election of Mr. Robert James Cole; to consider the re-election of Mr. Timothy Longstaff; and to consider the issue of STI Rights to Mr. Mark Norwell fiscal year 2021 short term incentive.

Neutral

Perenti Global Limited, 2021 Earnings Call, Aug 24, 2021

2021-08-16 06:39:00

Perenti Global Limited, 2021 Earnings Call, Aug 24, 2021

Positive

Perenti Global to Seek Acquisitions

2021-07-26 06:00:00

Perenti Global Limited (ASX:PRN) will look for acquisitions. Sarah Coleman said, "We expect idoba's capability will incrementally expand over the coming years and that this inorganic growth will be achieved through a measured and disciplined manner through both value-accretive acquisitions and partnership opportunities. We'll focus on companies who are culturally aligned to rapidly drive change, have a proven track record of revenue generation and a strong understanding of what it takes to deliver value in mining through people, process and technology".

Positive

Perenti Global Limited Launches Technology Driven Service Offering

2021-07-26 05:47:00

Perenti Global Limited has launched idoba, a new capital light technology-driven service offering available to the mining and resources industry. idoba is also expected to add value to Perenti's current suite of global mining service offerings. The Company is also pleased to provide a market update outlining Perenti's strong unaudited cash position and expansion of both work in hand and tender pipeline at the financial year ending 30 June 2021. In March 2019, Perenti published its 2025 Strategy, outlining five strategic pillars to guide business planning, shape the evolution of the company and develop the service offerings available to clients. The five pillars include: Operational Excellence; Strategic Growth; Organisational Health; Technology Driven Future; and Building Financial Capacity.Since its release, there has been significant progress made across all pillars, including building the foundations for a technology driven services model.In July 2020 Perenti acquired Sandpit Innovation and Improvement Resources ("ImpRes") and in April 2021 Optika Solutions was also acquired. The total cost of these acquisitions was approximately $13 million and includes: - strong history of revenue generation, with a combined average annual revenue of ~$13m over the past several years; - broad and high quality client base; - significant talent with unique and deep experience across technology and innovation; and - a platform for further growth leveraging existing digital systems and processes. idoba is the culmination of Perenti's strategic technological growth which, in addition to supporting the Perenti business, will provide digital product and technology service offerings to the mining industry with revenue and earnings generated from these services.

Negative

Perenti Global Limited Appoints Timothy Longstaff as Non-Executive Director, Effective 16 August 2021

2021-07-22 22:20:00

Perenti Global Limited announced the appointment of experienced Sydney-based executive, Mr. Timothy Longstaff, as Non-Executive Director. Mr. Longstaff will join the Board with effect from 16 August 2021. He will also be invited to join the Audit & Risk Committee. Mr. Longstaff brings a 25-year career in investment banking to the Perenti Board, with many years in Managing Director and senior executive roles at top-tier global firms. He has advised the Boards and CEOs of leading Australian and international companies on numerous transformational transactions. Through his career in Australia and overseas, Mr. Longstaff also brings a depth of experience in strategyformulation, acquisitions and divestments, debt and equity capital markets, and investor engagement amongst asset-intensive industrial companies.

Neutral

Perenti Global Limited - Special Call

2021-07-22 05:01:00

To discuss business briefing

Neutral

Perenti Global Limited Awards New $280 Million Contract At Iduapriem

2021-07-18 22:34:00

Perenti Global Limited announced that AMAX, a joint venture between Perenti's surface mining business and MAXMASS Limited, has been awarded a new ~$470 million (100% share), five-year contract at AngloGold Ashanti's Iduapriem gold mine in the Western Region of Ghana. Perenti work in hand will increase by ~$280 million (Perenti share) over the term ofthe contract and is expected to commence immediately. The new contract is structured as a 60:40 joint venture agreement between AMS and MAXMASS and represents AMS's significant and ongoing commitment to developing and expanding the capacity and capability of local partners.

Neutral

Perenti Finalises the Contract for the Savannah Nickel Project

2021-07-08 22:36:00

Perenti Global Limited announced its subsidiary leading hard-rock underground miner Barminco has finalised a contract with Panoramic Resources Limited (`Panoramic') (ASX:PAN) for development and production works at their Savannah Nickel Project (`Savannah Project') in the Kimberley region of Western Australia. The finalised contract represents a value of approximately $280 million over a four-year contract term. Under the terms of the initial Letter of Intent, announced on the 6th April 2021, Barminco commenced mobilisation and early mining works ahead of the schedule. With finalisation of the contract, Barminco expects development and production works will ramp-up over the coming six months to achieve full run rate of revenue early in the third quarter of FY2022.

Fundamental Summary

Perenti's financial results from Q4 demonstrated decent performance, but will likely only help Perenti remain on par with its peers. This typically translates into the stock performing on par with market performance for the upcoming quarter. Therefore, they earned a total score of 72 out of 100 and a HOLD recommendation.

Perenti announced earnings results for the full year ended June 30, 2021. For the full year, the company announced sales was AUD 2,087.542 million compared to AUD 2,046.058 million a year ago. Net loss was AUD 55.140 million compared to net income of AUD 23.837 million a year ago. Basic loss per share from continuing operations was AUD 0.078 compared to basic earnings per share from continuing operations of AUD 0.035 a year ago.

Business Description

Perenti operates as a mining services company worldwide. It operates through Surface Mining, Underground Mining, and Investment segments. The Surface Mining segment offers exploration drilling, production drilling, blasting, and geotechnical services, as well as end-to-end contract surface mining; and logistics management and moving mining equipment and goods. The Underground Mining segment provides underground mining services specializing in mine development, production, diamond drilling, vertical development, design planning and scheduling, and equipment supply and maintenance. The Investments segment is involved in mining supplies; and mining support services, including equipment hire, equipment parts and sales, and mineral analysis. The company was formerly known as Ausdrill Limited and changed its name to Perenti in October 2019. Perenti was founded in 1987 and is headquartered in Perth, Australia.

Sector Overview

Perenti is included in the Metals & Mining according to GICS (global industry classification standard). The Metals & Mining industry is included in the Materials sector. It includes the producers of aluminum, iron, steel, gold, other diversified metals and minerals, and their related products, as well as the mining and production the above materials. Perenti's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 2,559.3 2.5% 71
Liabilities 1,243.3 4.1% 68
Price to Book 0.4 -2.9% 74
Cash & Equivalents 258.9 -2.2% 61
Equity 1,304.0 0.9% 51
EBITDA 361.8 6.7% 81
Total Revenues 2,229.7 6.5% 73
Parameter Value Change Score
Return on Equity 2.9 174.9% 87
Net Cashflow 39.4 162.8% 61
Capital Expenditure -258.5 -33.8% 54
Asset Turnover 0.9 10.0% 78
Free Cashflow -0.1 -516.3% 69

* All values are TTM

The below chart reflects Perenti's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Perenti's peer average final assessment score stands on 69.0, Perenti's score is 72.

  •  PRN
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
BHP Group Limited 208.5B 58 71 75
Hold
69
69 0 1
Fortescue Metals Group Limited 55.0B 65 67 75
Hold
68
68 1 1
Newcrest Mining Limited 19.4B 52 66 57
Underperform
56
56 2 1
South32 Limited 18.7B 84 72 78
Buy
82
82 3 1
Mineral Resources Limited 9.2B 55 63 61
Underperform
56
56 4 1
Lynas Rare Earths Limited 8.3B 70 69 70
Hold
71
71 5 1
Northern Star Resources Limited 8.2B 56 56 73
Underperform
55
55 6 1
IGO Limited 7.8B 50 78 72
Hold
71
71 7 1
BlueScope Steel Limited 7.3B 85 72 52
Hold
72
72 8 1
Pilbara Minerals Limited 6.9B 86 69 86
Buy
83
83 9 1
Allkem Limited 6.9B 57 61 82
Hold
65
65 10 1
OZ Minerals Limited 6.2B 74 66 78
Hold
74
74 11 1
Evolution Mining Limited 4.8B 82 64 50
Hold
64
64 12 1
Alumina Limited 4.4B 50 79 72
Hold
70
70 13 1
OZ Minerals Holdings Pty Ltd 4.0B 84 61 50
Hold
73
73 14 1
Iluka Resources Limited 3.9B 77 60 74
Hold
68
68 15 1
Andean Resources Ltd. 3.7B 86 97 41
Buy
84
84 16 1
Coronado Global Resources Inc. 2.9B 83 74 81
Strong Buy
87
87 17 1
Nickel Industries Limited 2.8B 54 60 70
Underperform
56
56 18 1
AVZ Minerals Limited 2.8B 95 68 58
Hold
75
75 19 1
Sims Limited 2.7B 68 69 82
Hold
74
74 20 1
Zimplats Holdings Limited 2.6B 77 68 64
Hold
71
71 21 1
Liontown Resources Limited 2.4B 81 84 62
Buy
84
84 22 1
Perseus Mining Limited 2.3B 81 65 83
Hold
77
77 23 1
Deterra Royalties Limited 2.3B 77 61 75
Hold
69
69 24 1
Sandfire Resources Limited 1.9B 82 69 76
Buy
79
79 25 1
Core Lithium Ltd 1.8B 83 70 69
Hold
76
76 26 1
Chalice Mining Limited 1.5B 54 81 55
Hold
67
67 27 1
Grange Resources Limited 1.5B 65 64 73
Hold
66
66 28 1
Capricorn Metals Ltd 1.3B 86 69 82
Buy
82
82 29 1
West African Resources Limited 1.3B 87 59 66
Hold
68
68 30 1
Silver Lake Resources Limited 1.2B 66 63 58
Hold
62
62 31 1
De Grey Mining Limited 1.2B 66 47 73
Underperform
53
53 32 1
Gold Road Resources Limited 1.2B 64 67 56
Hold
63
63 33 1
Lake Resources NL 1.2B 66 73 68
Hold
71
71 34 1
Sayona Mining Limited 1.2B 66 73 68
Hold
71
71 35 1
Regis Resources Limited 1.1B 53 53 69
Underperform
50
50 36 1
Piedmont Lithium Inc. 1.1B 88 77 60
Buy
84
84 37 1
5E Advanced Materials Inc. 927.2M 47 58 61
Underperform
51
51 38 1
ioneer Ltd 867.9M 85 69 51
Hold
70
70 39 1
Syrah Resources Limited 856.9M 49 50 69
Underperform
46
46 40 1
Equigold NL 854.0M 50 65 87
Hold
67
67 41 1
Ramelius Resources Limited 828.4M 56 68 62
Hold
60
60 42 1
Vulcan Energy Resources Limited 826.7M 67 78 71
Hold
77
77 43 1
Jervois Global Limited 813.1M 78 71 54
Hold
72
72 44 1
Mincor Resources NL 808.9M 62 77 57
Hold
67
67 45 1
Imdex Limited 796.9M 71 56 74
Hold
70
70 46 1
Bellevue Gold Limited 722.0M 84 69 54
Hold
70
70 47 1
St Barbara Limited 701.5M 53 70 56
Underperform
59
59 48 1
Emerald Resources NL 679.4M 60 68 84
Hold
70
70 49 1
Red 5 Limited 671.6M 47 75 59
Hold
61
61 50 1
Boart Longyear Group Ltd. 651.0M 60 74 68
Hold
69
69 51 1
Mount Gibson Iron Limited 629.5M 48 78 64
Hold
66
66 52 1
Westgold Resources Limited 575.3M 54 65 63
Underperform
58
58 53 1
OM Holdings Limited 563.6M 84 75 82
Buy
85
85 54 1
Australian Strategic Materials Ltd 540.9M 51 74 72
Hold
67
67 55 1
Neometals Ltd 531.9M 60 72 60
Hold
65
65 56 1
Adriatic Metals PLC 528.8M 66 73 68
Hold
71
71 57 1
Argosy Minerals Limited 467.8M 66 73 68
Hold
71
71 58 1
Champion Iron Limited 441.1M 58 71 55
Hold
64
64 59 1
Panoramic Resources Limited 420.4M 58 71 67
Hold
66
66 60 1
Hastings Technology Metals Limited 404.8M 65 68 67
Hold
68
68 61 1
Alkane Resources Limited 402.0M 78 70 68
Hold
73
73 62 1
Centaurus Metals Limited 397.2M 66 73 68
Hold
71
71 63 1
Bowen Coking Coal Limited 385.5M 66 73 68
Hold
71
71 64 1
Jupiter Mines Limited 372.2M 66 81 50
Hold
64
64 65 1
Galan Lithium Limited 362.2M 66 73 68
Hold
71
71 66 1
Talga Group Ltd 359.9M 53 60 62
Underperform
53
53 67 1
BCI Minerals Limited 349.8M 71 68 60
Hold
66
66 68 1
Metals X Limited 344.8M 68 87 68
Buy
82
82 69 1
Pantoro Limited 330.8M 66 73 68
Hold
71
71 70 1
Aurelia Metals Limited 327.8M 65 58 60
Underperform
56
56 71 1
Macmahon Holdings Limited 283.7M 68 65 62
Hold
66
66 72 1
Lotus Resources Limited 277.3M 66 73 68
Hold
71
71 73 1
Firefinch Limited 236.2M 66 73 68
Hold
71
71 74 1
Andromeda Metals Limited 229.8M 66 73 68
Hold
71
71 75 1

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Perenti's stock is now priced above its 5-day, but below its 50-day and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a positive setup in the near-term. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Perenti's stock indicates that it's likely oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 52.

Bearish 52
Close Price 0.67
52W Low 0.6
52W High 1.04
5D MA 0.64
50D MA 0.69
200D MA 0.81
MACD -0.01
RSI 0.18
STOCH 51.72

Balance Sheet Analysis

Perenti appears likely to maintain its strong balance sheet metrics and momentum going forward. Perenti's price to book ratio (P/B) was reported as 0.4 and represents -2.9% change from the previous report. These book value factor numbers show that management has been prudent in focusing on efficient growth. We believe the stock price has room to grow to reflect its intrinsic value accurately. Consequently, their book value factors movement received a grade of 74. Also, Perenti assets on their balance sheet, moved to 2559.3, which is a 2.5% change from the last period. These results, specifically in contrast to their industry peers' performance, should support an upswing in the company's stock price. The company's asset component, therefore, received a grade of 71. That said, one metric, Equity, stood out as strongly negative. Perenti published concerning equity metrics for this filing. In the current report, equity stood at 1304.0, which represents a 0.9% change from the last report. This parameter often affects companies in the same industry and market capitalization by up to 5.9%. These metrics are all the more disappointing relative to their peers and should blunt potential positive momentum in its's stock price. Consequently, their equity movement received a grade of 51. Therefore, we scored its balance sheet a 60.

Parameter Value Change Score
Assets 2,559.3 2.5% 71
Liabilities 1,243.3 4.1% 68
Price to Book 0.4 -2.9% 74
Cash & Equivalents 258.9 -2.2% 61
Equity 1,304.0 0.9% 51
* All values are TTM

The below chart describes Perenti's performance as reflected on its balance sheet with respect to its peers. While Perenti received a balance sheet score of 60, the average of its peers stands on 69.0.

  •  PRN
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
BHP Group Limited 208.5B 74 92 47 52 76 58 0 1
Fortescue Metals Group Limited 55.0B 83 66 68 55 69 65 1 1
Newcrest Mining Limited 19.4B 85 72 46 46 73 52 2 1
South32 Limited 18.7B 74 73 80 79 74 84 3 1
Mineral Resources Limited 9.2B 83 73 52 42 90 55 4 1
Lynas Rare Earths Limited 8.3B 74 59 77 62 68 70 5 1
Northern Star Resources Limited 8.2B 87 70 56 48 65 56 6 1
IGO Limited 7.8B 43 37 80 42 63 50 7 1
BlueScope Steel Limited 7.3B 64 75 87 90 68 85 8 1
Pilbara Minerals Limited 6.9B 87 59 81 87 56 86 9 1
Allkem Limited 6.9B 53 64 44 65 89 57 10 1
OZ Minerals Limited 6.2B 87 72 72 69 72 74 11 1
Evolution Mining Limited 4.8B 47 57 76 96 54 82 12 1
Alumina Limited 4.4B 51 69 50 46 84 50 13 1
OZ Minerals Holdings Pty Ltd 4.0B 81 62 51 97 87 84 14 1
Iluka Resources Limited 3.9B 76 66 87 69 53 77 15 1
Andean Resources Ltd. 3.7B 70 37 60 97 92 86 16 1
Coronado Global Resources Inc. 2.9B 44 56 87 85 71 83 17 1
Nickel Industries Limited 2.8B 41 44 72 50 70 54 18 1
AVZ Minerals Limited 2.8B 99 56 82 98 66 95 19 1
Sims Limited 2.7B 85 72 83 49 57 68 20 1
Zimplats Holdings Limited 2.6B 80 69 68 76 73 77 21 1
Liontown Resources Limited 2.4B 43 55 82 97 37 81 22 1
Perseus Mining Limited 2.3B 81 70 73 82 66 81 23 1
Deterra Royalties Limited 2.3B 99 79 61 75 68 77 24 1
Sandfire Resources Limited 1.9B 41 64 87 87 73 82 25 1
Core Lithium Ltd 1.8B 37 55 82 94 66 83 26 1
Chalice Mining Limited 1.5B 98 78 39 46 89 54 27 1
Grange Resources Limited 1.5B 54 70 51 71 92 65 28 1
Capricorn Metals Ltd 1.3B 69 59 81 91 65 86 29 1
West African Resources Limited 1.3B 92 56 81 92 42 87 30 1
Silver Lake Resources Limited 1.2B 69 62 62 71 57 66 31 1
De Grey Mining Limited 1.2B 44 49 79 69 48 66 32 1
Gold Road Resources Limited 1.2B 83 72 56 65 60 64 33 1
Lake Resources NL 1.2B 78 74 55 64 78 66 34 1
Sayona Mining Limited 1.2B 78 74 55 64 78 66 35 1
Regis Resources Limited 1.1B 77 74 51 48 63 53 36 1
Piedmont Lithium Inc. 1.1B 97 54 82 97 39 88 37 1
5E Advanced Materials Inc. 927.2M 44 83 54 45 37 47 38 1
ioneer Ltd 867.9M 98 56 80 86 52 85 39 1
Syrah Resources Limited 856.9M 63 75 38 46 94 49 40 1
Equigold NL 854.0M 57 46 86 50 45 50 41 1
Ramelius Resources Limited 828.4M 67 41 78 48 49 56 42 1
Vulcan Energy Resources Limited 826.7M 39 53 80 74 41 67 43 1
Jervois Global Limited 813.1M 71 71 44 94 95 78 44 1
Mincor Resources NL 808.9M 83 78 43 62 56 62 45 1
Imdex Limited 796.9M 59 69 83 61 75 71 46 1
Bellevue Gold Limited 722.0M 96 56 81 87 42 84 47 1
St Barbara Limited 701.5M 80 69 51 49 61 53 48 1
Emerald Resources NL 679.4M 51 58 80 51 57 60 49 1
Red 5 Limited 671.6M 49 45 39 55 96 47 50 1
Boart Longyear Group Ltd. 651.0M 85 79 39 60 87 60 51 1
Mount Gibson Iron Limited 629.5M 94 76 39 41 74 48 52 1
Westgold Resources Limited 575.3M 77 65 55 47 73 54 53 1
OM Holdings Limited 563.6M 84 69 84 81 50 84 54 1
Australian Strategic Materials Ltd 540.9M 44 69 55 46 84 51 55 1
Neometals Ltd 531.9M 97 77 46 50 97 60 56 1
Adriatic Metals PLC 528.8M 78 74 55 64 78 66 57 1
Argosy Minerals Limited 467.8M 78 74 55 64 78 66 58 1
Champion Iron Limited 441.1M 66 49 73 47 67 58 59 1
Panoramic Resources Limited 420.4M 78 75 43 58 85 58 60 1
Hastings Technology Metals Limited 404.8M 75 72 56 67 67 65 61 1
Alkane Resources Limited 402.0M 45 56 83 88 40 78 62 1
Centaurus Metals Limited 397.2M 78 74 55 64 78 66 63 1
Bowen Coking Coal Limited 385.5M 78 74 55 64 78 66 64 1
Jupiter Mines Limited 372.2M 63 93 46 52 80 66 65 1
Galan Lithium Limited 362.2M 78 74 55 64 78 66 66 1
Talga Group Ltd 359.9M 90 78 38 45 95 53 67 1
BCI Minerals Limited 349.8M 86 73 58 67 82 71 68 1
Metals X Limited 344.8M 90 77 50 67 80 68 69 1
Pantoro Limited 330.8M 78 74 55 64 78 66 70 1
Aurelia Metals Limited 327.8M 85 69 59 60 72 65 71 1
Macmahon Holdings Limited 283.7M 47 61 72 78 44 68 72 1
Lotus Resources Limited 277.3M 78 74 55 64 78 66 73 1
Firefinch Limited 236.2M 78 74 55 64 78 66 74 1
Andromeda Metals Limited 229.8M 78 74 55 64 78 66 75 1

Income Statement Analysis

Return Factors and EBITDA stand out as the most significant drivers of Perenti's income statement's strength. Perenti's reported return on equity (ROE) ratio was 2.9, representing a change of 174.9%. These numbers show that management has successfully encouraged growth while managing ROE and ROA metrics, especially relative to their peers. Consequently, their return factors received a grade of 87. Also, Perenti reported impressive EBITDA this period. At filing, EBITDA was reported as 361.8, representing 6.7% change from the previous period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 20.0%. Their EBITDA metrics are even more impressive relative to their peers and competitors, and its likely the stock price has room to grow to reflect its intrinsic value accurately. The company's EBITDA movement, therefore, received a grade of 81. On the other hand, Revenue Efficiency, jumped out as looking rather underwhelming. Perenti reported discouraging numbers for its revenue efficiency. As of the current filing, they were reported as 2229.7 and represented 6.5% change from the previous period. This metric might have a 24.0 percent impact on companies in the same industry and with the same market capitalization. Their revenue efficiency does not make a compelling case for upward pressure on the company's stock price. Consequently, their revenue efficiency received a grade of 73. Therefore, their income statement earned a grade of 78.

Parameter Value Change Score
EBITDA 361.8 6.7% 81
Total Revenues 2,229.7 6.5% 73
Return on Equity 2.9 174.9% 87
* All values are TTM

The below chart describes Perenti's performance as reflected on its income statement with respect to its peers. While Perenti received a income statement score of 78 , the average of its peers stands on 69.0.

  •  PRN
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
BHP Group Limited 208.5B 64 79 79 71 0 1
Fortescue Metals Group Limited 55.0B 58 78 75 67 1 1
Newcrest Mining Limited 19.4B 95 45 48 66 2 1
South32 Limited 18.7B 47 94 95 72 3 1
Mineral Resources Limited 9.2B 94 42 44 63 4 1
Lynas Rare Earths Limited 8.3B 50 91 83 69 5 1
Northern Star Resources Limited 8.2B 48 66 68 56 6 1
IGO Limited 7.8B 98 72 48 78 7 1
BlueScope Steel Limited 7.3B 86 71 66 72 8 1
Pilbara Minerals Limited 6.9B 38 96 96 69 9 1
Allkem Limited 6.9B 46 75 74 61 10 1
OZ Minerals Limited 6.2B 48 82 82 66 11 1
Evolution Mining Limited 4.8B 94 46 43 64 12 1
Alumina Limited 4.4B 87 73 76 79 13 1
OZ Minerals Holdings Pty Ltd 4.0B 39 88 45 61 14 1
Iluka Resources Limited 3.9B 50 62 89 60 15 1
Andean Resources Ltd. 3.7B 37 89 91 97 16 1
Coronado Global Resources Inc. 2.9B 39 98 97 74 17 1
Nickel Industries Limited 2.8B 66 61 55 60 18 1
AVZ Minerals Limited 2.8B 87 63 41 68 19 1
Sims Limited 2.7B 45 90 92 69 20 1
Zimplats Holdings Limited 2.6B 94 50 52 68 21 1
Liontown Resources Limited 2.4B 87 78 91 84 22 1
Perseus Mining Limited 2.3B 42 88 83 65 23 1
Deterra Royalties Limited 2.3B 45 83 66 61 24 1
Sandfire Resources Limited 1.9B 64 73 74 69 25 1
Core Lithium Ltd 1.8B 87 47 81 70 26 1
Chalice Mining Limited 1.5B 99 65 76 81 27 1
Grange Resources Limited 1.5B 74 61 61 64 28 1
Capricorn Metals Ltd 1.3B 37 98 97 69 29 1
West African Resources Limited 1.3B 43 84 63 59 30 1
Silver Lake Resources Limited 1.2B 95 42 41 63 31 1
De Grey Mining Limited 1.2B 44 45 76 47 32 1
Gold Road Resources Limited 1.2B 94 48 49 67 33 1
Lake Resources NL 1.2B 87 62 66 73 34 1
Sayona Mining Limited 1.2B 87 62 66 73 35 1
Regis Resources Limited 1.1B 65 50 45 53 36 1
Piedmont Lithium Inc. 1.1B 87 63 68 77 37 1
5E Advanced Materials Inc. 927.2M 74 37 56 58 38 1
ioneer Ltd 867.9M 87 55 60 69 39 1
Syrah Resources Limited 856.9M 38 67 62 50 40 1
Equigold NL 854.0M 79 44 91 65 41 1
Ramelius Resources Limited 828.4M 94 51 48 68 42 1
Vulcan Energy Resources Limited 826.7M 87 67 84 78 43 1
Jervois Global Limited 813.1M 37 94 93 71 44 1
Mincor Resources NL 808.9M 98 57 59 77 45 1
Imdex Limited 796.9M 77 60 56 56 46 1
Bellevue Gold Limited 722.0M 87 44 83 69 47 1
St Barbara Limited 701.5M 93 56 53 70 48 1
Emerald Resources NL 679.4M 37 96 94 68 49 1
Red 5 Limited 671.6M 95 58 66 75 50 1
Boart Longyear Group Ltd. 651.0M 93 58 67 74 51 1
Mount Gibson Iron Limited 629.5M 99 62 66 78 52 1
Westgold Resources Limited 575.3M 84 58 43 65 53 1
OM Holdings Limited 563.6M 50 96 97 75 54 1
Australian Strategic Materials Ltd 540.9M 91 62 66 74 55 1
Neometals Ltd 531.9M 87 66 56 72 56 1
Adriatic Metals PLC 528.8M 87 62 66 73 57 1
Argosy Minerals Limited 467.8M 87 62 66 73 58 1
Champion Iron Limited 441.1M 95 50 45 71 59 1
Panoramic Resources Limited 420.4M 95 50 62 71 60 1
Hastings Technology Metals Limited 404.8M 90 51 53 68 61 1
Alkane Resources Limited 402.0M 68 74 74 70 62 1
Centaurus Metals Limited 397.2M 87 62 66 73 63 1
Bowen Coking Coal Limited 385.5M 87 62 66 73 64 1
Jupiter Mines Limited 372.2M 96 46 50 81 65 1
Galan Lithium Limited 362.2M 87 62 66 73 66 1
Talga Group Ltd 359.9M 87 40 47 60 67 1
BCI Minerals Limited 349.8M 94 47 56 68 68 1
Metals X Limited 344.8M 94 84 79 87 69 1
Pantoro Limited 330.8M 87 62 66 73 70 1
Aurelia Metals Limited 327.8M 68 58 49 58 71 1
Macmahon Holdings Limited 283.7M 88 51 48 65 72 1
Lotus Resources Limited 277.3M 87 62 66 73 73 1
Firefinch Limited 236.2M 87 62 66 73 74 1
Andromeda Metals Limited 229.8M 87 62 66 73 75 1

Cash Flow Analysis

Two metrics jump up as the most significant positive drivers of the cash flow's strength in Perenti's recent report: Asset Turnover and Free Cash flow. Perenti's published asset turnover numbers were encouraging and reflected management's balanced change strategy. Perenti recorded asset turnover of 0.9, which represents a 10.0% change from the previous report. Companies in the same sector and market capitalization will usually be affected by up to 2.7 percent by this parameter. Its asset turnover metrics are especially remarkable relative to their peers. We believe the stock price has room to grow to reflect its intrinsic value accurately. Therefore, its asset turnover movement earned a score of 78. Also, Perenti's published free cash flow numbers were substantial and reflected management's focus on a healthy change strategy. Perenti recorded free cash flow of -0.1, which represents a -516.3% change from the previous report. Companies in the same industry and market capitalization are typically affected by this parameter by up to 4.3%. The company's free cash flow metrics are especially strong compared to its peers. Management seems to balance cash flow management, asset growth, and resource allocations in general. The company's free cash flow movement, therefore, received a grade of 69. That said, one metric, Capital Expenditure, stood out as strongly negative. Perenti's management was ineffective in materially improving CapEx, which now sits at -258.5 and represents a -33.8% change from the previous report. This performance is all the more uninspiring relative to their peers and competitors. Therefore, their CapEx movement component earned a score of 54. Because the company's management is doing an excellent job managing these critical metrics, the cash flow was given a score of 67.

Parameter Value Change Score
Net Cashflow 39.4 162.8% 61
Capital Expenditure -258.5 -33.8% 54
Asset Turnover 0.9 10.0% 78
Free Cashflow -0.1 -516.3% 69
* All values are TTM

The below chart describes Perenti's performance as reflected on its cash flow with respect to its peers. While Perenti received a cash flow score of 67, the average of its peers stands on 67.0.

  •  PRN
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
BHP Group Limited 208.5B 70 77 80 71 75 0 1
Fortescue Metals Group Limited 55.0B 74 78 69 74 75 1 1
Newcrest Mining Limited 19.4B 58 48 63 55 57 2 1
South32 Limited 18.7B 72 86 82 75 78 3 1
Mineral Resources Limited 9.2B 58 69 54 63 61 4 1
Lynas Rare Earths Limited 8.3B 78 63 76 58 70 5 1
Northern Star Resources Limited 8.2B 70 58 54 91 73 6 1
IGO Limited 7.8B 80 73 66 57 72 7 1
BlueScope Steel Limited 7.3B 48 47 56 70 52 8 1
Pilbara Minerals Limited 6.9B 87 97 76 78 86 9 1
Allkem Limited 6.9B 75 77 70 84 82 10 1
OZ Minerals Limited 6.2B 69 97 66 73 78 11 1
Evolution Mining Limited 4.8B 54 49 61 39 50 12 1
Alumina Limited 4.4B 68 74 76 70 72 13 1
OZ Minerals Holdings Pty Ltd 4.0B 49 86 84 39 50 14 1
Iluka Resources Limited 3.9B 75 84 52 74 74 15 1
Andean Resources Ltd. 3.7B 40 55 56 37 41 16 1
Coronado Global Resources Inc. 2.9B 77 86 53 93 81 17 1
Nickel Industries Limited 2.8B 75 63 76 61 70 18 1
AVZ Minerals Limited 2.8B 60 69 76 37 58 19 1
Sims Limited 2.7B 83 98 56 82 82 20 1
Zimplats Holdings Limited 2.6B 75 77 63 44 64 21 1
Liontown Resources Limited 2.4B 59 69 76 51 62 22 1
Perseus Mining Limited 2.3B 69 94 90 83 83 23 1
Deterra Royalties Limited 2.3B 77 88 96 51 75 24 1
Sandfire Resources Limited 1.9B 73 85 63 71 76 25 1
Core Lithium Ltd 1.8B 61 69 76 72 69 26 1
Chalice Mining Limited 1.5B 53 62 84 38 55 27 1
Grange Resources Limited 1.5B 75 79 76 62 73 28 1
Capricorn Metals Ltd 1.3B 81 83 81 79 82 29 1
West African Resources Limited 1.3B 73 84 42 58 66 30 1
Silver Lake Resources Limited 1.2B 63 53 64 47 58 31 1
De Grey Mining Limited 1.2B 80 69 76 61 73 32 1
Gold Road Resources Limited 1.2B 57 57 54 50 56 33 1
Lake Resources NL 1.2B 68 69 76 60 68 34 1
Sayona Mining Limited 1.2B 68 69 76 60 68 35 1
Regis Resources Limited 1.1B 65 76 68 69 69 36 1
Piedmont Lithium Inc. 1.1B 59 62 69 54 60 37 1
5E Advanced Materials Inc. 927.2M 55 48 71 71 61 38 1
ioneer Ltd 867.9M 47 57 54 51 51 39 1
Syrah Resources Limited 856.9M 59 58 43 98 69 40 1
Equigold NL 854.0M 91 69 72 84 87 41 1
Ramelius Resources Limited 828.4M 59 56 81 58 62 42 1
Vulcan Energy Resources Limited 826.7M 67 69 76 69 71 43 1
Jervois Global Limited 813.1M 43 51 38 82 54 44 1
Mincor Resources NL 808.9M 63 63 72 45 57 45 1
Imdex Limited 796.9M 71 72 79 73 74 46 1
Bellevue Gold Limited 722.0M 51 64 56 51 54 47 1
St Barbara Limited 701.5M 54 46 71 55 56 48 1
Emerald Resources NL 679.4M 84 81 80 81 84 49 1
Red 5 Limited 671.6M 68 49 48 59 59 50 1
Boart Longyear Group Ltd. 651.0M 62 74 81 63 68 51 1
Mount Gibson Iron Limited 629.5M 68 69 59 56 64 52 1
Westgold Resources Limited 575.3M 59 69 71 59 63 53 1
OM Holdings Limited 563.6M 75 90 90 75 82 54 1
Australian Strategic Materials Ltd 540.9M 72 69 76 69 72 55 1
Neometals Ltd 531.9M 62 54 71 52 60 56 1
Adriatic Metals PLC 528.8M 68 69 76 60 68 57 1
Argosy Minerals Limited 467.8M 68 69 76 60 68 58 1
Champion Iron Limited 441.1M 56 69 51 49 55 59 1
Panoramic Resources Limited 420.4M 69 69 79 54 67 60 1
Hastings Technology Metals Limited 404.8M 65 68 74 57 67 61 1
Alkane Resources Limited 402.0M 69 58 68 71 68 62 1
Centaurus Metals Limited 397.2M 68 69 76 60 68 63 1
Bowen Coking Coal Limited 385.5M 68 69 76 60 68 64 1
Jupiter Mines Limited 372.2M 51 51 84 44 50 65 1
Galan Lithium Limited 362.2M 68 69 76 60 68 66 1
Talga Group Ltd 359.9M 53 48 76 70 62 67 1
BCI Minerals Limited 349.8M 62 54 76 49 60 68 1
Metals X Limited 344.8M 70 81 72 55 68 69 1
Pantoro Limited 330.8M 68 69 76 60 68 70 1
Aurelia Metals Limited 327.8M 72 58 54 49 60 71 1
Macmahon Holdings Limited 283.7M 72 53 46 57 62 72 1
Lotus Resources Limited 277.3M 68 69 76 60 68 73 1
Firefinch Limited 236.2M 68 69 76 60 68 74 1
Andromeda Metals Limited 229.8M 68 69 76 60 68 75 1

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