Perenti Limited

ASX:PRN Stock Report

Market Cap: AU$1.1b

Perenti Valuation

Is PRN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: PRN (A$1.17) is trading below our estimate of fair value (A$4.8)

Significantly Below Fair Value: PRN is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PRN?

Other financial metrics that can be useful for relative valuation.

PRN key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.5x
Enterprise Value/EBITDA2.6x
PEG Ratio0.5x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for PRN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average31x
IMD Imdex
41.1x19.1%AU$1.3b
BLY Boart Longyear Group
42.4xn/aAU$861.1m
MAH Macmahon Holdings
14.9x12.7%AU$791.8m
MLX Metals X
25.5xn/aAU$443.8m
PRN Perenti
11.3x22.4%AU$1.1b

Price-To-Earnings vs Peers: PRN is good value based on its Price-To-Earnings Ratio (11.3x) compared to the peer average (31x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a10.3%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a10.3%
 n/an/an/a
No more companies

Price-To-Earnings vs Industry: PRN is good value based on its Price-To-Earnings Ratio (11.3x) compared to the Australian Metals and Mining industry average (12.6x).

Price to Earnings Ratio vs Fair Ratio

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 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.3x
Fair PE Ratio18.6x

Price-To-Earnings vs Fair Ratio: PRN is good value based on its Price-To-Earnings Ratio (11.3x) compared to the estimated Fair Price-To-Earnings Ratio (18.6x).

Analyst Price Targets

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

The above table shows the analyst PRN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$1.17
AU$1.39
+18.9%
17.8%AU$1.88AU$1.10n/a7
Oct ’25AU$1.06
AU$1.36
+28.0%
18.0%AU$1.88AU$1.10n/a7
Sep ’25AU$1.04
AU$1.36
+31.1%
18.0%AU$1.88AU$1.10n/a7
Aug ’25AU$1.04
AU$1.44
+38.8%
17.4%AU$1.88AU$1.25n/a6
Jul ’25AU$1.02
AU$1.43
+40.9%
18.2%AU$1.88AU$1.25n/a6
Jun ’25AU$1.01
AU$1.43
+42.3%
18.2%AU$1.88AU$1.25n/a6
May ’25AU$0.95
AU$1.37
+44.1%
20.7%AU$1.88AU$1.00n/a7
Apr ’25AU$0.98
AU$1.37
+39.7%
20.7%AU$1.88AU$1.00n/a7
Mar ’25AU$0.91
AU$1.28
+41.8%
16.2%AU$1.70AU$1.00n/a6
Feb ’25AU$0.82
AU$1.33
+62.6%
16.7%AU$1.70AU$1.00n/a6
Jan ’25AU$1.04
AU$1.43
+37.0%
10.1%AU$1.70AU$1.25n/a6
Dec ’24AU$1.12
AU$1.43
+27.2%
10.1%AU$1.70AU$1.25n/a6
Nov ’24AU$1.07
AU$1.41
+32.4%
10.8%AU$1.70AU$1.25AU$1.175
Oct ’24AU$1.08
AU$1.43
+32.2%
10.5%AU$1.70AU$1.25AU$1.065
Sep ’24AU$1.03
AU$1.43
+39.3%
10.5%AU$1.70AU$1.25AU$1.045
Aug ’24AU$1.21
AU$1.47
+21.7%
9.8%AU$1.70AU$1.25AU$1.045
Jul ’24AU$1.03
AU$1.54
+49.9%
6.6%AU$1.70AU$1.44AU$1.025
Jun ’24AU$1.11
AU$1.46
+31.7%
4.8%AU$1.60AU$1.40AU$1.016
May ’24AU$1.26
AU$1.46
+16.0%
4.8%AU$1.60AU$1.40AU$0.956
Apr ’24AU$1.22
AU$1.47
+20.7%
5.2%AU$1.60AU$1.40AU$0.985
Mar ’24AU$1.06
AU$1.40
+32.7%
11.7%AU$1.60AU$1.07AU$0.916
Feb ’24AU$1.28
AU$1.28
+0.3%
10.3%AU$1.43AU$1.07AU$0.826
Jan ’24AU$1.32
AU$1.28
-2.4%
10.3%AU$1.43AU$1.07AU$1.046
Dec ’23AU$1.11
AU$1.21
+9.2%
6.7%AU$1.30AU$1.07AU$1.125
Nov ’23AU$0.97
AU$1.06
+9.1%
9.5%AU$1.21AU$0.91AU$1.075

Analyst Forecast: Target price is less than 20% higher than the current share price.

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