Perenti Global (PRN) AI Stock Analysis

• Market Cap: AU$2.83B
• Dividend Yield: 2.46%
• Average Volume (3M): 3.12M
• Price to Earnings (P/E): 23.3
• Beta (1Y): 1.05
• Revenue Growth: 4.41%
• EPS Growth: 14.44%
• Country: AU
• Employees: 10,514
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): 0.10
• Shares Outstanding: 939,880,200
• 10 Day Avg. Volume: 3,128,554
• 30 Day Avg. Volume: 3,119,379
• PEG Ratio: 0.69
• Price to Book (P/B): 0.83
• Price to Sales (P/S): 0.43
• P/FCF Ratio: 7.57
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$3.10
• Price Target Upside: 2.88% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 76 Outperform
• Price Target: AU$3.00 ▼(-0.33% Downside)

Perenti Global's strong financial performance is the most significant factor driving the stock's score, reflecting robust revenue growth, profitability, and cash flow management. Technical analysis supports a positive outlook with bullish momentum indicators. The valuation is reasonable, offering a fair P/E ratio and a moderate dividend yield, making the stock attractive for growth and income investors.

Positive Factors

Revenue Growth

Consistent revenue growth indicates the company's ability to expand its market presence and sustain its business model over time.

Cash Flow Management

Strong cash flow management enhances financial flexibility, allowing the company to invest in growth opportunities and manage debt effectively.

Profitability

Improved profitability margins demonstrate effective cost management and operational efficiency, supporting long-term financial health.

Negative Factors

Debt Levels

While manageable, moderate debt levels require careful monitoring to ensure they do not limit future financial flexibility or increase risk.

Market Competition

High competition in the mining services industry can pressure margins and require continuous innovation to maintain market position.

Geopolitical Risks

Exposure to diverse regions introduces geopolitical risks that can impact operations and financial performance, requiring strategic risk management.

Perenti Global Business Overview & Revenue Model

Company Description

Perenti Limited operates as a mining services company worldwide. The company offers mining services, including drilling and blasting, in-pit grade control, exploration drilling, and earthmoving services, as well as underground mining services. It also provides mining support services, such as equipment hire, equipment parts and sales, equipment supply, logistics services, and technology driven products and services. The company was formerly known as Perenti Global Limited and changed its name to Perenti Limited in October 2022. Perenti Limited was incorporated in 1986 and is headquartered in Perth, Australia.

How the Company Makes Money

Perenti Global generates revenue primarily through its mining services, which include contract mining for major mining companies, as well as providing specialized services such as drilling and blasting, equipment maintenance, and logistics support. Key revenue streams come from long-term contracts and service agreements with clients in the resources sector. The company benefits from strategic partnerships and joint ventures that enhance its operational capabilities and expand its market reach. Additionally, Perenti's focus on efficiency and cost management contributes to its profitability, along with its commitment to sustainable practices, which can lead to increased project opportunities.

Perenti Global Financial Statement Overview

Summary

Perenti Global exhibits strong financial health with consistent revenue growth, robust profitability, and efficient cash flow management. The balance sheet reflects a stable financial position with moderate leverage and strong equity. Overall, the company is well-positioned for future growth and stability.

Income Statement

Perenti Global has demonstrated strong revenue growth with a 1.43% increase in the latest year, building on consistent growth over previous years. The gross profit margin is robust at 70.56%, indicating effective cost management. The net profit margin has improved to 3.46%, reflecting enhanced profitability. EBIT and EBITDA margins are healthy, showing operational efficiency.

Balance Sheet

The company maintains a moderate debt-to-equity ratio of 0.43, suggesting a balanced approach to leverage. Return on equity has improved to 6.60%, indicating effective use of shareholder funds. The equity ratio of 54.98% reflects a strong equity base relative to total assets, enhancing financial stability.

Cash Flow

Operating cash flow is strong, with a favorable operating cash flow to net income ratio of 4.23. Free cash flow has grown by 24.62%, indicating improved cash generation capabilities. The free cash flow to net income ratio is 1.66, highlighting efficient cash conversion.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.49B	3.49B	3.34B	2.88B	2.44B	2.09B
Gross Profit	611.66M	2.46B	596.31M	504.44M	385.99M	322.07M
EBITDA	676.33M	667.68M	625.33M	545.18M	405.80M	276.79M
Net Income	120.61M	120.61M	95.48M	95.74M	40.66M	-55.14M
Balance Sheet
Total Assets	3.33B	3.33B	3.36B	2.87B	2.84B	2.57B
Cash, Cash Equivalents and Short-Term Investments	481.32M	481.32M	459.14M	307.36M	348.52M	264.74M
Total Debt	786.04M	786.04M	928.60M	806.36M	901.86M	768.00M
Total Liabilities	1.46B	1.46B	1.57B	1.44B	1.51B	1.27B
Stockholders Equity	1.83B	1.83B	1.76B	1.41B	1.31B	1.29B
Cash Flow
Free Cash Flow	199.65M	199.65M	152.64M	24.20M	-126.64M	9.50M
Operating Cash Flow	510.10M	510.10M	487.79M	398.12M	341.30M	288.12M
Investing Cash Flow	-223.71M	-223.92M	-382.73M	-275.29M	-311.83M	-202.02M
Financing Cash Flow	-271.62M	-271.41M	52.85M	-173.13M	48.82M	-138.37M

Perenti Global Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3.01
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PRN, the sentiment is Positive. The current price of 3.01 is above the 20-day moving average (MA) of 2.90, above the 50-day MA of 2.81, and above the 200-day MA of 2.14, indicating a bullish trend. The MACD of 0.06 indicates Negative momentum. The RSI at 60.34 is Neutral, neither overbought nor oversold. The STOCH value of 65.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:PRN.

Perenti Global Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MLX	80 Outperform	AU$1.11B	7.98	33.38%	―	45.73%	716.15%
PRN	76 Outperform	AU$2.83B	23.30	6.57%	2.46%	4.41%	14.44%
MAH	73 Outperform	AU$1.50B	20.61	10.88%	2.24%	19.50%	37.55%
DVP	68 Neutral	AU$1.71B	19.48	14.22%	―	57.22%	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
BOE	54 Neutral	AU$655.90M	-19.01	-6.67%	―	―	-164.37%

Perenti Global Corporate Events

Perenti Reports Lapse of 669,626 Conditional Rights

Perenti Limited has notified the Australian Securities Exchange that 669,626 conditional rights (ASX code PRNAC) have lapsed as of 31 December 2025 because the conditions attached to those rights were not met or have become incapable of being satisfied. The cessation of these rights effectively reduces the pool of potential future equity issuance under this particular rights arrangement, slightly tightening the company’s prospective capital base and signalling that certain performance or vesting hurdles tied to these instruments were not achieved.

The most recent analyst rating on (AU:PRN) stock is a Buy with a A$3.10 price target. To see the full list of analyst forecasts on Perenti Global stock, see the AU:PRN Stock Forecast page.

Perenti Issues 7.3 Million Unquoted Rights Under Employee Incentive Scheme

Perenti Limited has issued 7,282,225 unquoted rights (security code PRNAC) under its employee incentive scheme, with the securities dated 18 December 2025. The new rights, which are not intended to be quoted on the ASX, reflect the company’s ongoing use of equity-based remuneration to align employees’ interests with shareholders and support retention and performance within its mining services operations.

The most recent analyst rating on (AU:PRN) stock is a Buy with a A$3.10 price target. To see the full list of analyst forecasts on Perenti Global stock, see the AU:PRN Stock Forecast page.

Perenti Limited Announces Change in Director’s Interest

Perenti Limited announced a change in the director’s interest, with Mark Alexander John Norwell acquiring additional shares and rights through the Perenti Incentive Rights Plan. This change reflects the allocation of shares and rights as part of the company’s incentive plan, indicating a strategic move to align the interests of its leadership with company performance, potentially impacting stakeholder confidence and market perception.

The most recent analyst rating on (AU:PRN) stock is a Buy with a A$3.00 price target. To see the full list of analyst forecasts on Perenti Global stock, see the AU:PRN Stock Forecast page.

Perenti Limited Issues Over One Million Unquoted Equity Securities

Perenti Limited announced the issuance and conversion of 1,115,411 unquoted equity securities, reflecting a strategic financial maneuver to potentially enhance its capital structure. This move could signify Perenti’s efforts to strengthen its market position and provide value to its stakeholders through improved financial flexibility.

The most recent analyst rating on (AU:PRN) stock is a Buy with a A$3.00 price target. To see the full list of analyst forecasts on Perenti Global stock, see the AU:PRN Stock Forecast page.

State Street Corporation Ceases Substantial Holding in Perenti Limited

State Street Corporation, through its subsidiaries including State Street Bank and Trust Company and State Street Global Advisors, has ceased to be a substantial holder in Perenti Limited as of November 17, 2025. This change in substantial holding could impact Perenti’s shareholder dynamics and influence within the company, potentially affecting its strategic decisions and market positioning.

The most recent analyst rating on (AU:PRN) stock is a Buy with a A$3.00 price target. To see the full list of analyst forecasts on Perenti Global stock, see the AU:PRN Stock Forecast page.

Mitsubishi UFJ Financial Group Divests Substantial Holding in Perenti Limited

Mitsubishi UFJ Financial Group, Inc. has ceased to be a substantial holder in Perenti Limited as of November 13, 2025. This change in substantial holding involves multiple transactions of fully paid ordinary shares, primarily facilitated by entities controlled by Morgan Stanley and First Sentier Group Limited. The divestment reflects a strategic shift in Mitsubishi UFJ Financial Group’s investment portfolio, potentially impacting Perenti Limited’s shareholder structure and market perception.

The most recent analyst rating on (AU:PRN) stock is a Buy with a A$3.00 price target. To see the full list of analyst forecasts on Perenti Global stock, see the AU:PRN Stock Forecast page.

First Sentier Group Ceases Substantial Holding in Perenti Global

Perenti Global has announced that First Sentier Group Limited and its related bodies have ceased to be substantial holders in the company as of November 10, 2025. This change in substantial holding could impact Perenti’s shareholder structure and influence future voting outcomes, potentially affecting the company’s strategic decisions and market positioning.

The most recent analyst rating on (AU:PRN) stock is a Buy with a A$3.00 price target. To see the full list of analyst forecasts on Perenti Global stock, see the AU:PRN Stock Forecast page.

Perenti Global Announces Changes in Substantial Holding Status

Perenti Global, a company involved in mining services, has announced changes in its substantial holding status. The announcement indicates that State Street Corporation and its subsidiaries have ceased to be substantial holders in Perenti Global as of November 3, 2025. This change could impact Perenti’s shareholder structure and influence within the market, potentially affecting its strategic decisions and stakeholder relationships.

The most recent analyst rating on (AU:PRN) stock is a Buy with a A$3.00 price target. To see the full list of analyst forecasts on Perenti Global stock, see the AU:PRN Stock Forecast page.

Perenti Secures A$650 Million Syndicated Debt Facility

Perenti Limited has successfully refinanced its existing syndicated debt facility with a new A$650 million facility, which offers improved pricing and terms. This refinancing was oversubscribed, indicating strong confidence from both domestic and international banks in Perenti’s financial resilience. The increased capacity will provide liquidity and funding to support operational needs and growth initiatives, further strengthening Perenti’s capital structure and positioning it for sustainable shareholder returns.

The most recent analyst rating on (AU:PRN) stock is a Buy with a A$3.00 price target. To see the full list of analyst forecasts on Perenti Global stock, see the AU:PRN Stock Forecast page.