Syrah Resources (SYR) Stock Overview
Engages in the exploration, evaluation, and development of mineral properties in Australia, China, Europe, India, the Americas, and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 5/6 |
| Past Performance | 0/6 |
| Financial Health | 1/6 |
| Dividends | 0/6 |
SYR Community Fair Values
Create NarrativeSee what 34 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Syrah Resources Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$0.099 |
| 52 Week High | AU$0.53 |
| 52 Week Low | AU$0.097 |
| Beta | 0.92 |
| 1 Month Change | -20.80% |
| 3 Month Change | -56.96% |
| 1 Year Change | -69.54% |
| 3 Year Change | -88.42% |
| 5 Year Change | -90.29% |
| Change since IPO | -47.89% |
Recent News & Updates
Narrative Update • May 11
SYR: New Offtake Deal And Equity Raise Will Underpin Future Upside
Analysts have trimmed their fair value estimate for Syrah Resources from A$0.50 to A$0.27, reflecting updated assumptions around revenue growth, margins and a lower future P/E multiple. What's in the News Syrah Resources completed a follow on equity offering of approximately A$105.3 million through multiple ordinary share issues priced at A$0.105 per share.
Narrative Update • Apr 27
SYR: Shares Will Rise As Equity Raise Supports Long Term Supply Deal
Analysts have trimmed their price expectations for Syrah Resources to reflect a lower fair value of A$0.19 per share. The shift is primarily linked to updated assumptions around profit margins and a revised future P/E of 3.60.Analysis Article • Apr 22
Things Look Grim For Syrah Resources Limited (ASX:SYR) After Today's Downgrade
The analysts covering Syrah Resources Limited ( ASX:SYR ) delivered a dose of negativity to shareholders today, by...Recent updates
Narrative Update • May 11
SYR: New Offtake Deal And Equity Raise Will Underpin Future Upside
Analysts have trimmed their fair value estimate for Syrah Resources from A$0.50 to A$0.27, reflecting updated assumptions around revenue growth, margins and a lower future P/E multiple. What's in the News Syrah Resources completed a follow on equity offering of approximately A$105.3 million through multiple ordinary share issues priced at A$0.105 per share.Narrative Update • Apr 27
SYR: Shares Will Rise As Equity Raise Supports Long Term Supply Deal
Analysts have trimmed their price expectations for Syrah Resources to reflect a lower fair value of A$0.19 per share. The shift is primarily linked to updated assumptions around profit margins and a revised future P/E of 3.60.Analysis Article • Apr 22
Things Look Grim For Syrah Resources Limited (ASX:SYR) After Today's Downgrade
The analysts covering Syrah Resources Limited ( ASX:SYR ) delivered a dose of negativity to shareholders today, by...Narrative Update • Apr 13
SYR: Shares Will Continue Rising As Equity Raise Supports Future Agreements
Analysts have cut their price target on Syrah Resources from around A$0.48 to about A$0.29, citing lower projected revenue growth, slimmer profit margins and a higher discount rate that also feeds through to a higher assumed future P/E multiple. What's in the News Syrah Resources filed a follow on equity offering of approximately A$108.3m in ordinary shares, structured as a rights offering, with multiple tranches of shares all priced at A$0.105 per share.
Narrative Update • Mar 30
SYR: Equity Raising And Higher Discount Rate Will Pressure Future Returns
Analysts have reduced their fair value estimate for Syrah Resources from A$0.29 to A$0.10. This reflects updated assumptions that include a higher 11.93% discount rate, an 87.22% revenue growth outlook, a 24.46% profit margin and a future P/E of 2.88.Narrative Update • Mar 16
SYR: New Offtake Agreement Will Support Future Graphite Supply Upside
Analysts have trimmed Syrah Resources' fair value estimate from A$0.57 to A$0.50, citing updated assumptions that include a higher discount rate, a higher future P/E multiple, and revised views on revenue growth and profit margins. What's in the News NextSource Materials signed a binding agreement with Syrah Resources to supply natural graphite fines for NextSource's planned battery anode facility in Abu Dhabi, covering a minimum of about 34,000 tonnes and up to 68,000 tonnes over seven years (Key Developments).Narrative Update • Jan 22
SYR: Shares Will Continue Rising As Earnings Assumptions Remain Supportive
Analysts have lifted their price target on Syrah Resources to around A$0.48 per share, reflecting updated assumptions for the discount rate, revenue growth of approximately 193%, and a profit margin of about 15%, along with a slightly lower forward P/E of roughly 7.9x. Valuation Changes Fair Value Estimate: Held steady at around A$0.48 per share, with no change in the underlying model output of A$0.47512.Narrative Update • Jan 07
SYR: Shares Will Continue Rising As Stable Assumptions Support Future Earnings
Analysts have maintained their fair value estimate for Syrah Resources at A$0.48, with only minor adjustments to assumptions, including a slightly lower discount rate, a marginally different revenue growth outlook, and a largely unchanged future P/E and profit margin profile. Valuation Changes Fair Value: Unchanged at A$0.48 per share, with the updated model still pointing to a fair value of about A$0.48.Narrative Update • Dec 24
SYR: Shares Will Continue Rising As Refined Risk Profile Supports Future Earnings
Analysts have modestly reaffirmed their outlook on Syrah Resources, nudging the price target to approximately $0.48 per share. This is underpinned by a slightly lower perceived risk profile reflected in a reduced discount rate, while growth and profitability assumptions remain broadly unchanged.Narrative Update • Dec 10
SYR: Shares Will Continue Rising On Strong Future Earnings Multiple Assumptions
Analysts have modestly raised their price target on Syrah Resources to reflect a slightly higher assumed discount rate and a richer future earnings multiple, resulting in a revised valuation of approximately $0.48 per share, up from about $0.48 previously. Valuation Changes Fair Value: unchanged at approximately A$0.48 per share, indicating no material adjustment to the intrinsic valuation.Narrative Update • Nov 25
SYR: Shares Will Maintain Upward Momentum Following AUD 70 Million Equity Raise
Analysts have maintained their price target for Syrah Resources at $0.48 per share, citing consistent expectations for future revenue growth and profitability. Valuation Changes Fair Value remains unchanged at A$0.48 per share.Narrative Update • Nov 07
SYR: Shares Are Expected To Benefit From Recent AUD 70 Million Equity Raising
Analysts have slightly raised their price target for Syrah Resources from $0.47 to $0.48 per share. They cite marginal improvements in projected revenue growth, despite a more conservative profit outlook and a higher discount rate in recent forecasts.Analysis Article • Oct 30
Analysts Have Just Cut Their Syrah Resources Limited (ASX:SYR) Revenue Estimates By 20%
Today is shaping up negative for Syrah Resources Limited ( ASX:SYR ) shareholders, with the analysts delivering a...Narrative Update • Oct 24
Equity Funding Round And Expanded Share Base Will Stabilize Supply Chain Prospects
Analysts have maintained Syrah Resources' fair value estimate at $0.47 per share, citing a stable outlook and balanced assumptions despite minor updates to key financial metrics. What's in the News Syrah Resources Limited completed a follow-on equity offering valued at approximately AUD 70 million.Narrative Update • Oct 10
Balama Production And Vidalia Sales Will Support US Supply Chain
Analysts have raised their price target for Syrah Resources from $0.39 to $0.47 per share, citing improved revenue growth expectations even though the profit margin forecast is slightly lower. What's in the News Syrah Resources completed a follow-on equity offering totaling AUD 70.002 million.Narrative Update • Aug 07
Balama Production And Vidalia Sales Will Support US Supply Chain
The increase in Syrah Resources' net profit margin and the decline in its future P/E multiple signal improved profitability and valuation attractiveness, underpinning the significant analyst price target upgrade from A$0.33 to A$0.386. What's in the News Syrah Resources announced a follow-on equity offering totaling AUD 70 million through a rights offering and subsequent direct listing.New Narrative • May 08
Balama Production And Vidalia Sales Will Support US Supply Chain
Government policy changes favoring ex-China supply chains position Syrah for growth through increased production and sales from Balama and Vidalia.Analysis Article • May 01
Need To Know: The Consensus Just Cut Its Syrah Resources Limited (ASX:SYR) Estimates For 2024
The analysts covering Syrah Resources Limited ( ASX:SYR ) delivered a dose of negativity to shareholders today, by...Analysis Article • Feb 08
There Is A Reason Syrah Resources Limited's (ASX:SYR) Price Is Undemanding
You may think that with a price-to-sales (or "P/S") ratio of 2.8x Syrah Resources Limited ( ASX:SYR ) is definitely a...Analysis Article • Oct 24
Syrah Resources Limited (ASX:SYR) Surges 50% Yet Its Low P/S Is No Reason For Excitement
Syrah Resources Limited ( ASX:SYR ) shareholders are no doubt pleased to see that the share price has bounced 50% in...Analysis Article • Oct 18
News Flash: 3 Analysts Think Syrah Resources Limited (ASX:SYR) Earnings Are Under Threat
Market forces rained on the parade of Syrah Resources Limited ( ASX:SYR ) shareholders today, when the analysts...Analysis Article • Jun 27
Need To Know: Analysts Just Made A Substantial Cut To Their Syrah Resources Limited (ASX:SYR) Estimates
The latest analyst coverage could presage a bad day for Syrah Resources Limited ( ASX:SYR ), with the analysts making...Analysis Article • Apr 29
Need To Know: The Consensus Just Cut Its Syrah Resources Limited (ASX:SYR) Estimates For 2023
The latest analyst coverage could presage a bad day for Syrah Resources Limited ( ASX:SYR ), with the analysts making...Analysis Article • Apr 26
Health Check: How Prudently Does Syrah Resources (ASX:SYR) Use Debt?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Shareholder Returns
| SYR | AU Metals and Mining | AU Market | |
|---|---|---|---|
| 7D | -5.7% | -8.3% | -1.7% |
| 1Y | -69.5% | 49.3% | 1.0% |
Return vs Industry: SYR underperformed the Australian Metals and Mining industry which returned 49.3% over the past year.
Return vs Market: SYR underperformed the Australian Market which returned 1% over the past year.
Price Volatility
| SYR volatility | |
|---|---|
| SYR Average Weekly Movement | 13.4% |
| Metals and Mining Industry Average Movement | 12.2% |
| Market Average Movement | 10.5% |
| 10% most volatile stocks in AU Market | 17.4% |
| 10% least volatile stocks in AU Market | 4.4% |
Stable Share Price: SYR has not had significant price volatility in the past 3 months compared to the Australian market.
Volatility Over Time: SYR's weekly volatility (13%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2007 | n/a | Shaun Verner | www.syrahresources.com.au |
Syrah Resources Limited, together with its subsidiaries, engages in the exploration, evaluation, and development of mineral properties in Australia, China, Europe, India, the Americas, and internationally. It operates through Balama and Vidalia segments. The company’s flagship project is the Balama graphite; and vanadium project located in Cabo Delgado Province, Mozambique.
Syrah Resources Limited Fundamentals Summary
| SYR fundamental statistics | |
|---|---|
| Market cap | AU$228.21m |
| Earnings (TTM) | -AU$141.22m |
| Revenue (TTM) | AU$46.83m |
4.9x
P/S Ratio-1.6x
P/E RatioIs SYR overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SYR income statement (TTM) | |
|---|---|
| Revenue | US$33.38m |
| Cost of Revenue | US$98.91m |
| Gross Profit | -US$65.52m |
| Other Expenses | US$35.14m |
| Earnings | -US$100.66m |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.044 |
| Gross Margin | -196.29% |
| Net Profit Margin | -301.56% |
| Debt/Equity Ratio | 89.9% |
How did SYR perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/21 14:53 |
| End of Day Share Price | 2026/05/21 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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.
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 Github.
Analyst Sources
Syrah Resources Limited is covered by 5 analysts. 3 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 |
|---|---|
| Reg Spencer | Canaccord Genuity |
| Timothy Hoff | Deutsche Bank |
| Ben Lyons | Jarden Limited |