Board Change • Jun 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Vince Nicoletti was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Duyuru • Feb 10
Perenti Limited to Report First Half, 2026 Results on Feb 23, 2026 Perenti Limited announced that they will report first half, 2026 results on Feb 23, 2026 Duyuru • Aug 27
Perenti Limited, Annual General Meeting, Oct 10, 2025 Perenti Limited, Annual General Meeting, Oct 10, 2025. Duyuru • Aug 13
Perenti Limited to Report Fiscal Year 2025 Results on Aug 25, 2025 Perenti Limited announced that they will report fiscal year 2025 results on Aug 25, 2025 Duyuru • Feb 25
Perenti Limited Declares Ordinary Unfranked Interim Dividend for Six Months Ended December 31, 2024, Payable on April 3, 2025 Perenti Limited declared ordinary unfranked dividend of 3.0 cents per share for the six months ended December 31, 2024, an increase from 2.0 cents per share in the first half of 2024, demonstrates confidence in strong cash generation for Fiscal Year 2025 and beyond. Ex Date: March 19, 2025; Record Date: March 20, 2025; Payment Date: April 3, 2025. Duyuru • Feb 14
Perenti Limited to Report First Half, 2025 Results on Feb 24, 2025 Perenti Limited announced that they will report first half, 2025 results on Feb 24, 2025 Upcoming Dividend • Oct 01
Upcoming dividend of AU$0.04 per share Eligible shareholders must have bought the stock before 08 October 2024. Payment date: 23 October 2024. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 7.3%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.8%). Reported Earnings • Aug 20
Full year 2024 earnings released: EPS: AU$0.11 (vs AU$0.14 in FY 2023) Full year 2024 results: EPS: AU$0.11 (down from AU$0.14 in FY 2023). Revenue: AU$3.38b (up 17% from FY 2023). Net income: AU$95.5m (flat on FY 2023). Profit margin: 2.8% (down from 3.3% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 18
Upcoming dividend of AU$0.02 per share Eligible shareholders must have bought the stock before 25 March 2024. Payment date: 12 April 2024. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (5.0%). In line with average of industry peers (4.3%). Reported Earnings • Feb 21
First half 2024 earnings released: EPS: AU$0.08 (vs AU$0.057 in 1H 2023) First half 2024 results: EPS: AU$0.08 (up from AU$0.057 in 1H 2023). Revenue: AU$1.63b (up 14% from 1H 2023). Net income: AU$64.8m (up 63% from 1H 2023). Profit margin: 4.0% (up from 2.8% in 1H 2023). Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. New Risk • Feb 16
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risk Shareholders have been diluted in the past year (40% increase in shares outstanding). Duyuru • Feb 14
Perenti Limited to Report First Half, 2024 Results on Feb 20, 2024 Perenti Limited announced that they will report first half, 2024 results on Feb 20, 2024 Duyuru • Nov 22
Perenti Limited Announces Changes to Group Executive Committee Perenti Limited advised the following changes to its Group Executive Committee. Gabrielle Iwanow has been appointed President of Perenti's Contract Mining Division. Gabrielle is one of Australia's leading mining executives with extensive experience working at senior operational and executive levels within the resources sector. Gabrielle was also named as one of the Top-100 Global Inspirational Women in Mining in 2020. Her career includes significant time in senior management positions at ASX 100 listed mining companies OZ Minerals and Rio Tinto, and most recently she was the Managing Director & Chief Executive Officer of Mincor Resources. Paul Muller, currently President Contract Mining, will be taking up a new role within the Perenti Group Executive Committee, following a short period of study leave between January and May 2024. Duyuru • Oct 17
Perenti Limited Announces Board Appointments Perenti Limited announced the appointment of Ms Diane Smith-Gander AO and Ms Andrea Sutton as Non-Executive Directors, both of whom will join the Board with effect from 16 October 2023. Diane Smith-Gander AO and Andrea Sutton were both Non-Executive Directors of DDH1 Limited ("DDH1") and join the Perenti Board following the implementation of the DDH1 scheme of arrangement on 6 October 2023. Diane Smith-Gander, AO BEc, MBA, FAICD, FGIA, Hon.Dec, FAIM, GAICD Prior to becoming a full-time company director in 2009, Diane enjoyed a successful executive career with Westpac Banking Corporation (ASX:WBC), primarily in banking operations, technology solutions and change management roles. Diane was also a Partner of McKinsey & Company. Diane has extensive Australian and international experience in banking and finance, technology, and strategic and management consulting. Diane is also the Chair of Zip Co Limited (ASX:ZIP), the Committee for Economic Development of Australia and HBF Health Limited. Diane chaired previously listed contractor Broadspectrum and served on the Wesfarmers board for more than a decade. She is also a past director of cooperative CBH and privately held North Queensland Airports. Diane was awarded an Officer of the Order of Australia (AO) for her distinguished service to business, women's engagement in executive roles, gender equality and the community in 2019. She is a Fellow of both the Australian Institute of Company Directors and the Governance Institute of Australia, and is a past President of Chief Executive Women. Andrea Sutton BEng Chemical (Hons), GradDipEcon, GAICD Andrea brings over 20 years of operational, technical and corporate experience within the mining industry. Andrea's prior roles include Non-Executive Director of Energy Resources of Australia and Managing Director and Chief Executive of Energy Resources of Australia. Within Rio Tinto, Andrea has been the Head of Health, Safety, Environment and Security, Managing Director with the Support Strategy Review team, General Manager - Operations at the Bengalla mine, and General Manager - Infrastructure within Rio Tinto's Iron Ore business. Andrea is a member of the Australasian Institute of Mining and Metallurgy, Engineers Australia, the Australian Institute of Company Directors and Chief Executive Women. Andrea is a board member of the Australian Nuclear Science and Technology Organization (ANSTO), and a Non-Executive Director of Red 5 Limited (ASX:RED), Iluka Resources Limited (ASX:ILU), and Commonwealth company Australian Naval Infrastructure Pty Ltd. (ANI). Duyuru • Oct 08
Perenti Limited (ASX:PRN) completed the acquisition of DDH1 Limited (ASX:DDH). Perenti Limited (ASX:PRN) entered into an agreement to acquire DDH1 Limited (ASX:DDH) for approximately AUD 400 million on June 26, 2023. Under the terms of the transaction, DDH1 shareholders will receive consideration of AUD 0.1238 cash plus 0.71114 Perenti Shares for each DDH1 Share held at the record date, unless an election is made. On completion, DDH1 will combine with Perenti to create the ASX’s leading contract mining services group. Rob Cole to remain Chair of Perenti; Mark Norwell and Peter Bryant will remain MD & CEO and CFO of Perenti, respectively. DDH1 CEO, Sy Van Dyk, will become President of the newly formed Drilling Services Division, which will include DDH1 Ranger, Strike, Swick and Perenti’s Ausdrill. Unanimously recommended by the DDH1 Board (who control 13.1% of shares outstanding), in the absence of a superior proposal and subject to the Independent Expert concluding that the Scheme is in the best interests of shareholders. Transaction is subject to court approval. DDH1 has declared a dividend of AUD 0.0196 per DDH1 Share for the period ended June 30, 2023. Perenti has determined that no dividend will be paid in respect of the period ending June 30, 2023. This means the Perenti Actual Dividend, and PAD1 and PAD2 referred to in the Scheme Booklet, will all be zero. The consideration VWAP (CVWAP), being the volume-weighted average price of Perenti Shares traded on the ASX over the five-trading day period that ends two business days prior to the Election Date, is currently expected to be calculated after the close-of-trade on September 8, 2023 and is not yet finalised at the date of releasing this Supplementary Scheme Booklet. Completion of the proposed transaction is anticipated to occur in early October 2023. The transaction is expected to close on October 6, 2023. Perenti is being advised by UBS and MA Moelis Australia acted as financial advisor to DDH1 Limited, Johnson Winter & Slattery acted as legal advisor to Perenti and Clayton Utz acted as legal advisor to DDH1 Limited.
Perenti Limited (ASX:PRN) completed the acquisition of DDH1 Limited (ASX:DDH) on October 6, 2023. An aggregate cash consideration of $50,010,897.39 was paid, Perenti has issued a total of279,704,558 new Perenti shares in accordance with the Scheme. The new Perenti shares are expected to commence trading on the ASX on 9 October 2023. On completion, Mark Hine will take the opportunity to retire from the Perenti Board; and Diane Smith-Gander AO and Andrea Sutton will be appointed to the Perenti Board. It is anticipated that Diane and Andrea will be appointed on Monday, 16 October 2023. DDH1 will be delisted from the official list of ASX, which is expected to take effect from the close of trading on 9 October 2023. New Risk • Oct 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 40% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Shareholders have been diluted in the past year (40% increase in shares outstanding). Reported Earnings • Aug 22
Full year 2023 earnings released: EPS: AU$0.14 (vs AU$0.058 in FY 2022) Full year 2023 results: EPS: AU$0.14 (up from AU$0.058 in FY 2022). Revenue: AU$2.92b (up 20% from FY 2022). Net income: AU$95.7m (up 136% from FY 2022). Profit margin: 3.3% (up from 1.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 2 years, in line with the revenue forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Duyuru • Aug 15
Perenti Limited to Report Fiscal Year 2023 Results on Aug 22, 2023 Perenti Limited announced that they will report fiscal year 2023 results on Aug 22, 2023 Duyuru • Jun 28
Perenti Limited (ASX:PRN) entered into an agreement to acquire DDH1 Limited (ASX:DDH) for approximately AUD 400 million. Perenti Limited (ASX:PRN) entered into an agreement to acquire DDH1 Limited (ASX:DDH) for approximately AUD 400 million on June 26, 2023. Unanimously recommended by the DDH1 Board (who control 13.1% of shares outstanding), in the absence of a superior proposal and subject to the Independent Expert concluding that the Scheme is in the best interests of shareholders. Transaction is subject to court approval. Rob Cole to remain Chair of Perenti; Mark Norwell and Peter Bryant will remain MD & CEO and CFO of Perenti, respectively. Perenti is being advised by UBS and Johnson Winter Slattery in relation to the Transaction. Duyuru • Jun 07
Perenti Limited Provides Earnings Outlook for the Year 2023, 2024 and 2025 Perenti Limited provided earnings outlook for the year 2023, 2024 and 2025. For the 2023, the company expected revenue of $2.8 billion to $2.9 billion.For the 2024, the company revenue will be in-line with full year 2023.For the 2025, the company revenue target from $2.5 billion up to $3.0 billion. Buying Opportunity • Mar 15
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 9.3%. The fair value is estimated to be €0.75, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Earnings per share has grown by 62%. Revenue is forecast to grow by 2.5% in 2 years. Earnings is forecast to grow by 106% in the next 2 years. Reported Earnings • Feb 21
First half 2023 earnings released: EPS: AU$0.057 (vs AU$0.034 in 1H 2022) First half 2023 results: EPS: AU$0.057 (up from AU$0.034 in 1H 2022). Revenue: AU$1.46b (up 22% from 1H 2022). Net income: AU$39.7m (up 61% from 1H 2022). Profit margin: 2.7% (up from 2.1% in 1H 2022). Revenue is expected to fall by 1.9% p.a. on average during the next 3 years compared to a 1.7% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Duyuru • Feb 14
Perenti Limited to Report First Half, 2023 Results on Feb 21, 2023 Perenti Limited announced that they will report first half, 2023 results on Feb 21, 2023 Recent Insider Transactions • Oct 08
Independent Non-Executive Director recently bought €61k worth of stock On the 4th of October, Craig Laslett bought around 100k shares on-market at roughly €0.61 per share. This transaction increased Craig's direct individual holding by 100x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €103k more in shares than they have sold in the last 12 months. Reported Earnings • Aug 24
Full year 2022 earnings released: EPS: AU$0.058 (vs AU$0.078 loss in FY 2021) Full year 2022 results: EPS: AU$0.058 (up from AU$0.078 loss in FY 2021). Revenue: AU$2.45b (up 17% from FY 2021). Net income: AU$40.7m (up AU$95.8m from FY 2021). Profit margin: 1.7% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to stay flat compared to a 4.4% growth forecast for the Metals and Mining industry in Germany. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 6 non-independent directors. Independent Non-Executive Director Mark Hine was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 24
First half 2022 earnings: EPS in line with analyst expectations despite revenue beat First half 2022 results: EPS: AU$0.034 (up from AU$0.093 loss in 1H 2021). Revenue: AU$1.20b (up 13% from 1H 2021). Net income: AU$24.6m (up AU$90.0m from 1H 2021). Profit margin: 2.1% (up from net loss in 1H 2021). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 12%. Over the next year, revenue is forecast to grow 8.0%, compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Sep 28
Upcoming dividend of AU$0.02 per share Eligible shareholders must have bought the stock before 05 October 2021. Payment date: 20 October 2021. Trailing yield: 4.7%. Within top quartile of German dividend payers (3.1%). Lower than average of industry peers (5.6%). Recent Insider Transactions • Aug 27
Non-Executive Director recently bought €51k worth of stock On the 26th of August, Timothy Longstaff bought around 100k shares on-market at roughly €0.51 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €224k more in shares than they have sold in the last 12 months. Reported Earnings • Aug 24
Full year 2021 earnings released: AU$0.078 loss per share (vs AU$0.035 profit in FY 2020) The company reported a soft full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2021 results: Revenue: AU$2.10b (up 2.5% from FY 2020). Net loss: AU$55.1m (down 331% from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Executive Departure • May 19
Non-Executive Chairman Ian Cochrane has left the company On the 10th of May, Ian Cochrane's tenure as Non-Executive Chairman ended after 3.4 years in the role. As of December 2020, Ian personally held 1.09m shares (€912k worth at the time). A total of 3 executives have left over the last 12 months. Upcoming Dividend • Mar 09
Upcoming Dividend of AU$0.035 Per Share Will be paid on the 7th of April to those who are registered shareholders by the 16th of March. The trailing yield of 6.6% is in the top quartile of German dividend payers (3.3%), and it is higher than industry peers (4.5%). Is New 90 Day High Low • Feb 25
New 90-day low: €0.79 The company is down 1.0% from its price of €0.80 on 27 November 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 59% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.38 per share. Reported Earnings • Feb 25
First half 2021 earnings released: AU$0.093 loss per share (vs AU$0.053 profit in 1H 2020) The company reported a soft first half result with weaker earnings and weaker control over costs, although revenues improved. First half 2021 results: Revenue: AU$1.06b (up 4.9% from 1H 2020). Net loss: AU$65.4m (down 282% from profit in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 80% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 23
Revenue beats expectations Revenue exceeded analyst estimates by 0.08%. Over the next year, revenue is forecast to grow 2.2%, compared to a 20% growth forecast for the Metals and Mining industry in Germany. Is New 90 Day High Low • Feb 07
New 90-day high: €0.91 The company is up 38% from its price of €0.66 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 68% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.55 per share. Is New 90 Day High Low • Jan 08
New 90-day high: €0.90 The company is up 31% from its price of €0.69 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 53% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.29 per share. Is New 90 Day High Low • Nov 20
New 90-day high: €0.80 The company is up 15% from its price of €0.69 on 21 August 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.22 per share. Is New 90 Day High Low • Oct 30
New 90-day low: €0.64 The company is down 11% from its price of €0.71 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.15 per share.