How does PRN's PE Ratio compare to its peers?

PRN is good value based on its Price-To-Earnings Ratio (13.4x) compared to the peer average (25.2x).

How does PRN's PE Ratio compare vs other companies in the AU Metals and Mining Industry?

PRN is expensive based on its Price-To-Earnings Ratio (13.4x) compared to the Australian Metals and Mining industry average (12.9x).

What is PRN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PRN is good value based on its Price-To-Earnings Ratio (13.4x) compared to the estimated Fair Price-To-Earnings Ratio (18.8x).

What is the Fair Price of PRN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

PRN (A$1.4) is trading below our estimate of [[fair value]] (A$5.21)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is lower than the current share price.

PRN Stock Overview

Operates as a mining services company worldwide. More details

PRN fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	3/6
Past Performance	2/6
Financial Health	6/6
Dividends	4/6

Rewards

Trading at 73.2% below our estimate of its fair value

Earnings are forecast to grow 23.33% per year

Risk Analysis

Unstable dividend track record

My Notes

Capture your thoughts, links and company narrative

Perenti Limited Competitors

Imdex

ASX:IMD

AU$1.2b

Boart Longyear Group

ASX:BLY

AU$861.1m

Macmahon Holdings

ASX:MAH

AU$728.5m

Iluka Resources

ASX:ILU

AU$2.2b

Price History & Performance

Summary of share price highs, lows and changes for Perenti
Historical stock prices
Current Share Price	AU$1.40
52 Week High	AU$1.43
52 Week Low	AU$0.77
Beta	1.16
1 Month Change	12.50%
3 Month Change	31.60%
1 Year Change	33.49%
3 Year Change	49.20%
5 Year Change	-15.71%
Change since IPO	-17.94%

Perenti Limited Just Missed Earnings - But Analysts Have Updated Their Models

Aug 22

Recent updates

Increases to CEO Compensation Might Be Put On Hold For Now at Perenti Limited (ASX:PRN)

Oct 07

Do Perenti's (ASX:PRN) Earnings Warrant Your Attention?

Oct 02

Is Now The Time To Put Perenti (ASX:PRN) On Your Watchlist?

Mar 30

Perenti's (ASX:PRN) Solid Profits Have Weak Fundamentals

Feb 27

Is Perenti (ASX:PRN) A Risky Investment?

Dec 21

We Think Perenti Global (ASX:PRN) Is Taking Some Risk With Its Debt

Sep 09

New Forecasts: Here's What Analysts Think The Future Holds For Perenti Global Limited (ASX:PRN)

Feb 26

Are Perenti Global Limited (ASX:PRN) Investors Paying Above The Intrinsic Value?

Jan 26

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

Oct 01

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

Sep 28

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

Sep 09

Perenti Global (ASX:PRN) Will Pay A Smaller Dividend Than Last Year

Aug 26

Is Perenti Global Limited (ASX:PRN) Trading At A 34% Discount?

Aug 16

These 4 Measures Indicate That Perenti Global (ASX:PRN) Is Using Debt Extensively

May 07

Are Investors Undervaluing Perenti Global Limited (ASX:PRN) By 44%?

Apr 01

Don't Race Out To Buy Perenti Global Limited (ASX:PRN) Just Because It's Going Ex-Dividend

Mar 11

What Can We Make Of Perenti Global's (ASX:PRN) CEO Compensation?

Mar 01

Shareholders of Perenti Global (ASX:PRN) Must Be Delighted With Their 831% Total Return

Feb 08

Do Insiders Own Lots Of Shares In Perenti Global Limited (ASX:PRN)?

Jan 18

Perenti Global Limited (ASX:PRN) Shares Could Be 30% Below Their Intrinsic Value Estimate

Dec 28

Does Perenti Global Limited (ASX:PRN) Have A Place In Your Dividend Portfolio?

Dec 07

Shareholder Returns

	PRN	AU Metals and Mining	AU Market
7D	-0.4%	0.06%	0.5%
1Y	33.5%	-19.8%	7.4%

Return vs Industry: PRN exceeded the Australian Metals and Mining industry which returned -19.8% over the past year.

Return vs Market: PRN exceeded the Australian Market which returned 7.4% over the past year.

Price Volatility

Is PRN's price volatile compared to industry and market?
PRN volatility
PRN Average Weekly Movement	3.7%
Metals and Mining Industry Average Movement	10.7%
Market Average Movement	8.0%
10% most volatile stocks in AU Market	16.9%
10% least volatile stocks in AU Market	3.0%

Stable Share Price: PRN has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: PRN's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1986	10,514	Mark Alexander Norwell	www.perenti.com

Perenti Limited operates as a mining services company worldwide. It operates through Contract Mining, Drilling Services, and Mining Services and Idoba segments. The company offers underground and surface contract mining, drill and blast, in-pit grade control, exploration drilling, earthmoving, and machinery rebuilds services; and drilling services including specialized deep hole multi-intersectional directional diamond core drilling, underground diamond core drilling, drilling and blasting, and in-pit grade control services.

Perenti Limited Fundamentals Summary

How do Perenti's earnings and revenue compare to its market cap?
PRN fundamental statistics
Market cap	AU$1.28b
Earnings (TTM)	AU$95.48m
Revenue (TTM)	AU$3.35b

13.4x

P/E Ratio

0.4x

P/S Ratio

Is PRN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PRN income statement (TTM)
Revenue	AU$3.35b
Cost of Revenue	AU$2.37b
Gross Profit	AU$980.50m
Other Expenses	AU$885.03m
Earnings	AU$95.48m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.10
Gross Margin	29.29%
Net Profit Margin	2.85%
Debt/Equity Ratio	49.3%

How did PRN perform over the long term?

See historical performance and comparison

Dividends

5.7%

Current Dividend Yield

55%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/31 07:43
End of Day Share Price	2024/12/31 00:00
Earnings	2024/06/30
Annual Earnings	2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Perenti Limited is covered by 21 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Swapan Pandya	APP Securities Pty Ltd.
Russell Wright	Barclay Pearce Capital Pty Limited
Marcus Barnard	Bell Potter

PRN Stock Overview

Rewards

Risk Analysis

Perenti Limited Competitors

ASX:IMD

AU$1.2b

ASX:BLY

AU$861.1m

ASX:MAH

AU$728.5m

ASX:ILU

AU$2.2b

Price History & Performance

Recent News & Updates

Upcoming dividend of AU$0.04 per share

Perenti Limited Just Missed Earnings - But Analysts Have Updated Their Models

Perenti Limited Announces Ordinary Dividend for the Six Months Ended June 30, 2024, Payable on October 23, 2024

Full year 2024 earnings: EPS misses analyst expectations

Perenti Limited, Annual General Meeting, Oct 03, 2024

Price target increased by 11% to AU$1.43

Recent updates

Upcoming dividend of AU$0.04 per share

Perenti Limited Just Missed Earnings - But Analysts Have Updated Their Models

Perenti Limited Announces Ordinary Dividend for the Six Months Ended June 30, 2024, Payable on October 23, 2024

Full year 2024 earnings: EPS misses analyst expectations

Perenti Limited, Annual General Meeting, Oct 03, 2024

Price target increased by 11% to AU$1.43

Upcoming dividend of AU$0.02 per share

Consensus EPS estimates increase by 18%

First half 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Perenti Limited to Report First Half, 2024 Results on Feb 20, 2024

Consensus EPS estimates fall by 20%

It's A Story Of Risk Vs Reward With Perenti Limited (ASX:PRN)

Perenti Limited Announces Changes to Group Executive Committee

Perenti (ASX:PRN) Takes On Some Risk With Its Use Of Debt

Perenti Limited Announces Board Appointments

Perenti Limited Announces Board Appointments

Increases to CEO Compensation Might Be Put On Hold For Now at Perenti Limited (ASX:PRN)

Perenti Limited (ASX:PRN) completed the acquisition of DDH1 Limited (ASX:DDH).

New minor risk - Shareholder dilution

Do Perenti's (ASX:PRN) Earnings Warrant Your Attention?

Independent Non-Executive Director recently bought AU$80k worth of stock

Perenti Limited, Annual General Meeting, Oct 13, 2023

Full year 2023 earnings: EPS misses analyst expectations

Perenti Limited to Report Fiscal Year 2023 Results on Aug 22, 2023

Perenti Limited (ASX:PRN) entered into an agreement to acquire DDH1 Limited (ASX:DDH) for approximately AUD 400 million.

Investor sentiment deteriorates as stock falls 16%

Perenti Limited Provides Earnings Outlook for the Year 2023, 2024 and 2025

Is Now The Time To Put Perenti (ASX:PRN) On Your Watchlist?

Perenti's (ASX:PRN) Solid Profits Have Weak Fundamentals

Price target increased by 7.0% to AU$1.40

First half 2023 earnings released: EPS: AU$0.057 (vs AU$0.034 in 1H 2022)

Perenti Limited to Report First Half, 2023 Results on Feb 21, 2023

Investor sentiment improved over the past week

Is Perenti (ASX:PRN) A Risky Investment?

Perenti Limited Raises Revenue Guidance for the Fiscal Year 2023

Price target increased to AU$1.19

Perenti Updates Earnings Guidance for the Fiscal Year 2023

Independent Non-Executive Director recently bought AU$94k worth of stock

We Think Perenti Global (ASX:PRN) Is Taking Some Risk With Its Debt

Full year 2022 earnings released: EPS: AU$0.058 (vs AU$0.078 loss in FY 2021)

Perenti Global Limited Provides Earnings Guidance for the Year 2023

Price target decreased to AU$0.90

Perenti Global Limited Reaffirms Earnings Guidance for the Fiscal Year 2022

Less than half of directors are independent

Perenti Global Limited Appoints Craig Laslett as Non-Executive Director

New Forecasts: Here's What Analysts Think The Future Holds For Perenti Global Limited (ASX:PRN)

First half 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Perenti Global Limited Provides Earnings Guidance for the Year 2022

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

Are Perenti Global Limited (ASX:PRN) Investors Paying Above The Intrinsic Value?

ALS Limited (ASX:ALQ) agreed to acquire MinAnalytical Laboratory Services Pty Ltd. from Perenti Global Limited (ASX:PRN) for AUD 39 million.

Price target increased to AU$1.08

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

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

Upcoming dividend of AU$0.02 per share

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

Non-Executive Director recently bought AU$83k worth of stock

Perenti Global (ASX:PRN) Will Pay A Smaller Dividend Than Last Year

Full year 2021 earnings released: AU$0.078 loss per share (vs AU$0.035 profit in FY 2020)