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PRN

Perenti GlobalASX:PRN Stock Report

Last Price

AU$0.91

Market Cap

AU$652.8m

7D

-2.2%

1Y

-32.3%

Updated

17 Jan, 2022

Data

Company Financials +
PRN fundamental analysis
Snowflake Score
Valuation1/6
Future Growth3/6
Past Performance0/6
Financial Health5/6
Dividends2/6

PRN Stock Overview

Perenti Global Limited operates as a mining services company worldwide.

Perenti Global Competitors

Mineral Resources

ASX:MIN

AU$12.4b

Imdex

ASX:IMD

AU$1.2b

Boart Longyear Group

ASX:BLY

AU$816.7m

Macmahon Holdings

ASX:MAH

AU$388.5m

Price History & Performance

Summary of all time highs, changes and price drops for Perenti Global
Historical stock prices
Current Share PriceAU$0.91
52 Week HighAU$1.56
52 Week LowAU$0.63
Beta2.19
1 Month Change11.66%
3 Month Change-10.78%
1 Year Change-32.34%
3 Year Change-33.09%
5 Year Change-34.77%
Change since IPO-46.47%

Recent News & Updates

Oct 01
It Looks Like Perenti Global Limited's (ASX:PRN) CEO May Expect Their Salary To Be Put Under The Microscope

It Looks Like Perenti Global Limited's (ASX:PRN) CEO May Expect Their Salary To Be Put Under The Microscope

The results at Perenti Global Limited ( ASX:PRN ) have been quite disappointing recently and CEO Mark Alexander Norwell...

Sep 28
Perenti Global's (ASX:PRN) Shareholders Will Receive A Smaller Dividend Than Last Year

Perenti Global's (ASX:PRN) Shareholders Will Receive A Smaller Dividend Than Last Year

Perenti Global Limited ( ASX:PRN ) is reducing its dividend to AU$0.02 on the 20th of October. This payment takes the...

Sep 09
Perenti Global (ASX:PRN) Has Announced That Its Dividend Will Be Reduced To AU$0.02

Perenti Global (ASX:PRN) Has Announced That Its Dividend Will Be Reduced To AU$0.02

Perenti Global Limited ( ASX:PRN ) is reducing its dividend to AU$0.02 on the 20th of October. This means that the...

Shareholder Returns

PRNAU Metals and MiningAU Market
7D-2.2%5.5%-0.5%
1Y-32.3%9.0%10.4%

Return vs Industry: PRN underperformed the Australian Metals and Mining industry which returned 9% over the past year.

Return vs Market: PRN underperformed the Australian Market which returned 10.4% over the past year.

Price Volatility

Is PRN's price volatile compared to industry and market?
PRN volatility
PRN Average Weekly Movement5.4%
Metals and Mining Industry Average Movement10.7%
Market Average Movement8.4%
10% most volatile stocks in AU Market15.2%
10% least volatile stocks in AU Market3.6%

Stable Share Price: PRN is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: PRN's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19877,881Mark Alexander Norwellhttps://perentigroup.com

Perenti Global Limited 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.

Perenti Global Fundamentals Summary

How do Perenti Global's earnings and revenue compare to its market cap?
PRN fundamental statistics
Market CapAU$652.78m
Earnings (TTM)-AU$55.14m
Revenue (TTM)AU$2.09b

0.3x

P/S Ratio

-11.6x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PRN income statement (TTM)
RevenueAU$2.09b
Cost of RevenueAU$1.51b
Gross ProfitAU$579.04m
ExpensesAU$634.18m
Earnings-AU$55.14m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Feb 21, 2022

Earnings per share (EPS)-0.078
Gross Margin27.66%
Net Profit Margin-2.63%
Debt/Equity Ratio53.3%

How did PRN perform over the long term?

See historical performance and comparison

Dividends

4.4%

Current Dividend Yield

-70%

Payout Ratio

Valuation

Is Perenti Global undervalued compared to its fair value and its price relative to the market?

0.5x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: PRN (A$0.91) is trading above our estimate of fair value (A$0.62)

Significantly Below Fair Value: PRN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: PRN is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.

PE vs Market: PRN is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PRN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PRN is good value based on its PB Ratio (0.5x) compared to the AU Metals and Mining industry average (2.8x).


Future Growth

How is Perenti Global forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

64.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PRN is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

Earnings vs Market: PRN is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: PRN's is expected to become profitable in the next 3 years.

Revenue vs Market: PRN's revenue (3% per year) is forecast to grow slower than the Australian market (4.9% per year).

High Growth Revenue: PRN's revenue (3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PRN's Return on Equity is forecast to be low in 3 years time (7.9%).


Past Performance

How has Perenti Global performed over the past 5 years?

-24.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PRN is currently unprofitable.

Growing Profit Margin: PRN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PRN is unprofitable, and losses have increased over the past 5 years at a rate of 24% per year.

Accelerating Growth: Unable to compare PRN's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PRN is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (35.3%).


Return on Equity

High ROE: PRN has a negative Return on Equity (-4.01%), as it is currently unprofitable.


Financial Health

How is Perenti Global's financial position?


Financial Position Analysis

Short Term Liabilities: PRN's short term assets (A$844.5M) exceed its short term liabilities (A$373.5M).

Long Term Liabilities: PRN's short term assets (A$844.5M) exceed its long term liabilities (A$821.3M).


Debt to Equity History and Analysis

Debt Level: PRN's net debt to equity ratio (33%) is considered satisfactory.

Reducing Debt: PRN's debt to equity ratio has reduced from 65% to 53.3% over the past 5 years.

Debt Coverage: PRN's debt is well covered by operating cash flow (42.7%).

Interest Coverage: PRN's interest payments on its debt are not well covered by EBIT (1.5x coverage).


Balance Sheet


Dividend

What is Perenti Global current dividend yield, its reliability and sustainability?

4.40%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PRN's dividend (4.4%) is higher than the bottom 25% of dividend payers in the Australian market (2.18%).

High Dividend: PRN's dividend (4.4%) is low compared to the top 25% of dividend payers in the Australian market (5.39%).


Stability and Growth of Payments

Stable Dividend: PRN's dividend payments have been volatile in the past 10 years.

Growing Dividend: PRN's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: PRN is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: PRN's dividends in 3 years are forecast to be well covered by earnings (18% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.2yrs

Average management tenure


CEO

Mark Alexander Norwell (45 yo)

3.33yrs

Tenure

AU$1,978,883

Compensation

Mr. Mark Alexander John Norwell, BE (Hons), MBA, MAICD has been Group Managing Director, Chief Executive Officer and Director at Perenti Global Limited since September 17, 2018. He serves as Executive Dire...


CEO Compensation Analysis

Compensation vs Market: Mark Alexander's total compensation ($USD1.43M) is above average for companies of similar size in the Australian market ($USD745.16K).

Compensation vs Earnings: Mark Alexander's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: PRN's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Members

Experienced Board: PRN's board of directors are considered experienced (3.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Perenti Global Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Perenti Global Limited
  • Ticker: PRN
  • Exchange: ASX
  • Founded: 1987
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Implied Market Cap: AU$652.783m
  • Shares outstanding: 705.71m
  • Website: https://perentigroup.com

Number of Employees


Location

  • Perenti Global Limited
  • 202 Pier Street
  • Level 2
  • Perth
  • Western Australia
  • 6000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/17 07:03
End of Day Share Price2022/01/17 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.