Executive Summary
Perenti Global Limited operates as a mining services company worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
Fair value with moderate growth potential.
Similar Companies
Share Price & News
How has Perenti Global's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PRN is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: PRN's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
-17.4%
PRN
3.5%
AU Metals and Mining
-0.3%
AU Market
1 Year Return
-15.6%
PRN
47.1%
AU Metals and Mining
7.6%
AU Market
Return vs Industry: PRN underperformed the Australian Metals and Mining industry which returned 47.1% over the past year.
Return vs Market: PRN underperformed the Australian Market which returned 7.6% over the past year.
Shareholder returns
| PRN | Industry | Market | |
|---|---|---|---|
| 7 Day | -17.4% | 3.5% | -0.3% |
| 30 Day | -15.9% | 3.4% | 0.4% |
| 90 Day | -13.3% | 20.8% | 5.1% |
| 1 Year | -10.0%-15.6% | 54.9%47.1% | 11.2%7.6% |
| 3 Year | -44.1%-56.2% | 83.9%58.9% | 30.6%14.9% |
| 5 Year | 338.3%235.3% | 219.0%160.8% | 65.8%33.6% |
Long-Term Price Volatility Vs. Market
How volatile is Perenti Global's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Shareholders of Perenti Global (ASX:PRN) Must Be Delighted With Their 831% Total Return1 month ago | Simply Wall St
Do Insiders Own Lots Of Shares In Perenti Global Limited (ASX:PRN)?1 month ago | Simply Wall St
Perenti Global Limited (ASX:PRN) Shares Could Be 30% Below Their Intrinsic Value EstimateValuation
Is Perenti Global undervalued compared to its fair value and its price relative to the market?
41.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PRN (A$1.14) is trading below our estimate of fair value (A$1.94)
Significantly Below Fair Value: PRN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PRN is unprofitable, so we can't compare its PE Ratio to the AU 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 (0.6x) compared to the AU Metals and Mining industry average (2.8x).
Next Steps
Future Growth
How is Perenti Global forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
91.5%
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 (2%).
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 (2.4% per year) is forecast to grow slower than the Australian market (5.2% per year).
High Growth Revenue: PRN's revenue (2.4% 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 (8.3%).
Next Steps
Past Performance
How has Perenti Global performed over the past 5 years?
-4.9%
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 4.9% 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 (22.2%).
Return on Equity
High ROE: PRN has a negative Return on Equity (-5.64%), as it is currently unprofitable.
Next Steps
Financial Health
How is Perenti Global's financial position?
Financial Position Analysis
Short Term Liabilities: PRN's short term assets (A$822.5M) exceed its short term liabilities (A$366.2M).
Long Term Liabilities: PRN's short term assets (A$822.5M) do not cover its long term liabilities (A$826.0M).
Debt to Equity History and Analysis
Debt Level: PRN's debt to equity ratio (50.9%) is considered high.
Reducing Debt: PRN's debt to equity ratio has reduced from 72.5% to 50.9% over the past 5 years.
Debt Coverage: PRN's debt is well covered by operating cash flow (50.2%).
Interest Coverage: PRN is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Next Steps
Dividend
What is Perenti Global current dividend yield, its reliability and sustainability?
6.14%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PRN's dividend (6.14%) is higher than the bottom 25% of dividend payers in the Australian market (2.06%).
High Dividend: PRN's dividend (6.14%) is in the top 25% of dividend payers in the Australian market (5.24%)
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 (47.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.3yrs
Average management tenure
CEO
Mark Alexander Norwell (44 yo)
2.42yrs
Tenure
AU$1,720,850
Compensation
Mr. Mark Alexander John Norwell, BE (Hons), MBA, MAICD has been Group Managing Director, Chief Executive Officer and Director at Perenti Global Limited since September 17, 2018. He serves as Executive Dire...
CEO Compensation Analysis
Compensation vs Market: Mark Alexander's total compensation ($USD1.37M) is above average for companies of similar size in the Australian market ($USD955.18K).
Compensation vs Earnings: Mark Alexander's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group MD | 2.42yrs | AU$1.72m | 0.023% A$ 192.0k | |
| Group Chief Financial Officer | 2yrs | AU$940.08k | 0.021% A$ 177.4k | |
| Chief Executive Officer of Underground Mining | 3.08yrs | AU$1.79m | 0.021% A$ 174.3k | |
| Chief Executive Officer of Surface Mining | 2.08yrs | AU$1.01m | 0.00092% A$ 7.7k | |
| Chief Executive Officer of Investments | no data | AU$8.01m | no data | |
| General Manager of Corporate Finance & Investor Relations | no data | no data | no data | |
| Chief Technology Officer | no data | no data | no data | |
| Company Secretary & Senior Legal Counsel | no data | no data | no data | |
| Chief People Officer | 1.75yrs | no data | no data | |
| Chief Operating Officer of African Underground Mining Services | 6.75yrs | no data | no data | |
| Chief Operating Officer of Australia Operations | no data | AU$529.17k | no data | |
| Chief Development Officer | no data | no data | no data |
2.3yrs
Average Tenure
Experienced Management: PRN's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group MD | 2.42yrs | AU$1.72m | 0.023% A$ 192.0k | |
| Deputy Chairman | 0.67yr | AU$133.21k | 0.0085% A$ 71.1k | |
| Independent Non-Executive Director | 6yrs | AU$133.19k | 0.017% A$ 144.3k | |
| Non-Executive Director | 1.17yrs | AU$68.21k | 0.010% A$ 85.3k | |
| Non-Executive Chairman | 3.17yrs | AU$200.10k | 0.15% A$ 1.3m | |
| Non-Executive Director | 2.58yrs | AU$120.48k | 0.0058% A$ 48.3k |
2.5yrs
Average Tenure
57yo
Average Age
Experienced Board: PRN's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PRN insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.5%.
Top Shareholders
Company Information
Perenti Global Limited's company bio, 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
- Market Cap: AU$834.590m
- Shares outstanding: 704.30m
- Website: https://www.perentigroup.com
Number of Employees
Location
- Perenti Global Limited
- 202 Pier Street
- Level 2
- Perth
- Western Australia
- 6000
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| AUSD.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Feb 1994 |
| PRN | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Feb 1994 |
| FWG | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Feb 1994 |
| PRN | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Feb 1994 |
Biography
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 drilli...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/26 07:06 |
| End of Day Share Price | 2021/02/26 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/06/30 |
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.