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Perenti Global (AU:PRN)
ASX:PRN

Perenti Global (PRN) AI Stock Analysis

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AU

Perenti Global

(Sydney:PRN)

Rating:73Outperform
Price Target:
AU$2.00
▲(21.95%Upside)
Perenti Global's strong financial performance is the primary driver of its score, reflecting robust revenue growth and effective cash management. The technical analysis indicates bullish momentum, though caution is advised due to overbought signals. The reasonable valuation, supported by a healthy dividend yield, adds to the stock's attractiveness. Overall, the company is well-positioned with sound financials, though short-term price corrections are possible.

Perenti Global (PRN) vs. iShares MSCI Australia ETF (EWA)

Perenti Global Business Overview & Revenue Model

Company DescriptionPerenti 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 MoneyPerenti Global makes money primarily through the provision of mining services across three main divisions: surface mining, underground mining, and mining support services. In the surface mining segment, the company generates revenue by providing open-cut mining services, including drilling and blasting, to resource companies. The underground mining division offers contract mining services, where it undertakes excavation and logistics support for underground operations. Additionally, the company provides mining support services, which include equipment hire, maintenance, and technical services. Perenti Global's earnings are significantly influenced by long-term contracts with major mining companies, ensuring a steady revenue stream. The company's strategic partnerships and acquisitions further bolster its market presence and ability to capture new opportunities in the mining sector.

Perenti Global Financial Statement Overview

Summary
Perenti Global exhibits strong revenue growth and stable profitability. The company maintains a solid financial position with moderate leverage and strong equity. Cash flow generation is robust, with significant improvements in free cash flow. Overall, the financial statements reflect a well-managed company with a positive growth trajectory and prudent financial management.
Income Statement
85
Very Positive
Perenti Global has shown strong revenue growth, with a Revenue Growth Rate of 16.05% from 2023 to 2024. The Gross Profit Margin is stable at 17.84%, and the Net Profit Margin stands at 2.86%. The company's EBIT Margin is 7.29%, and the EBITDA Margin is 19.00%, reflecting good operational efficiency. Overall, income statement metrics indicate solid growth and stable profitability.
Balance Sheet
78
Positive
The company's Debt-to-Equity Ratio is 0.53, indicating moderate leverage. The Return on Equity (ROE) is 5.42%, showing reasonable profitability relative to equity. The Equity Ratio is 52.42%, signifying a strong equity base. The balance sheet reflects a stable financial position with moderate risk due to leverage.
Cash Flow
82
Very Positive
Perenti Global's Free Cash Flow Growth Rate is 530.89%, indicating significant improvement in cash generation. The Operating Cash Flow to Net Income Ratio is 5.11, showing strong cash flow relative to net income. The Free Cash Flow to Net Income Ratio is 1.60, suggesting effective cash conversion. Cash flow metrics highlight robust cash generation and effective cash management.
BreakdownTTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income Statement
Total Revenue3.44B3.34B2.88B2.44B2.09B2.05B
Gross Profit618.16M596.31M504.44M385.99M322.07M364.77M
EBITDA631.50M625.33M545.18M405.80M276.79M371.85M
Net Income86.96M95.48M95.74M40.66M-55.14M23.84M
Balance Sheet
Total Assets3.27B3.36B2.87B2.84B2.57B2.79B
Cash, Cash Equivalents and Short-Term Investments265.19M459.14M307.36M348.52M264.74M327.49M
Total Debt863.25M928.60M806.36M901.86M768.00M883.86M
Total Liabilities1.47B1.57B1.44B1.51B1.27B1.39B
Stockholders Equity1.77B1.76B1.41B1.31B1.29B1.39B
Cash Flow
Free Cash Flow160.20M152.64M24.20M-126.64M9.50M70.69M
Operating Cash Flow467.17M487.79M398.12M341.30M288.12M306.54M
Investing Cash Flow-291.87M-382.73M-275.29M-311.83M-202.02M-170.97M
Financing Cash Flow-279.54M52.85M-173.13M48.82M-138.37M-25.24M

Perenti Global Technical Analysis

Technical Analysis Sentiment
Positive
Last Price1.64
Price Trends
50DMA
1.51
Positive
100DMA
1.40
Positive
200DMA
1.30
Positive
Market Momentum
MACD
0.03
Positive
RSI
59.51
Neutral
STOCH
46.89
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 1.64 is above the 20-day moving average (MA) of 1.60, above the 50-day MA of 1.51, and above the 200-day MA of 1.30, indicating a bullish trend. The MACD of 0.03 indicates Positive momentum. The RSI at 59.51 is Neutral, neither overbought nor oversold. The STOCH value of 46.89 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

Overall Rating
UnderperformOutperform
Sector (44)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
AUPRN
73
Outperform
$1.49B17.245.02%3.74%11.92%-42.46%
44
Neutral
C$976.20M-6.71-13.35%2.69%17.20%-32.62%
$1.30B-54.57%
$1.21B22.62-4.52%
$433.18M14.407.28%3.33%
$314.27M4.8727.43%
$928.24M-2.13%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:PRN
Perenti Global
1.61
0.64
65.64%
ADMLF
Adriatic Metals Shs Chess Deposit Interests Repr 1 Sh
3.70
1.20
48.00%
BQSSF
Boss Energy
3.03
0.39
14.77%
MCHHF
Macmahon Holdings Limited
0.21
0.02
10.53%
MLXEF
Metals X Limited
0.36
0.07
24.14%
VTEXF
Develop Global Limited
1.40
0.52
59.09%

Perenti Global Corporate Events

Perenti Limited Updates Buy-Back Schedule to Align with Regulatory Filing
Jun 13, 2025

Perenti Limited has announced an update regarding its on-market buy-back of ordinary fully paid securities, aligning the proposed buy-back end date with the Form 281 lodged with ASIC. This adjustment reflects the company’s ongoing efforts to manage its capital structure effectively, potentially impacting its market positioning and shareholder value.

The most recent analyst rating on (AU:PRN) stock is a Buy with a A$1.25 price target. To see the full list of analyst forecasts on Perenti Global stock, see the AU:PRN Stock Forecast page.

Perenti Limited Issues Unquoted Equity Securities for Employee Incentive
Jun 13, 2025

Perenti Limited announced the issuance of 2,048,472 unquoted equity securities under an employee incentive scheme, which are not intended to be quoted on the ASX. This move is part of the company’s strategy to incentivize employees, potentially enhancing workforce motivation and aligning employee interests with company performance, which could positively impact its operations and market positioning.

The most recent analyst rating on (AU:PRN) stock is a Buy with a A$1.25 price target. To see the full list of analyst forecasts on Perenti Global stock, see the AU:PRN Stock Forecast page.

Perenti Secures A$1.1B Contract for Burkina Faso Mining Operations
Jun 1, 2025

Perenti Limited has secured a significant A$1.1 billion contract through its joint venture subsidiary, Underground Mining Services Burkina Faso SARL, to manage underground mining operations at the Siou and Wona areas of the Mana complex in Burkina Faso. This five-year contract with Endeavour Mining’s subsidiary, SEMAFO Burkina Faso S.A, underscores Perenti’s strong client relationships and commitment to local economic development, enhancing its market position in the mining industry.

The most recent analyst rating on (AU:PRN) stock is a Buy with a A$1.25 price target. To see the full list of analyst forecasts on Perenti Global stock, see the AU:PRN Stock Forecast page.

Perenti Secures A$1 Billion Contract with AngloGold Ashanti for Obuasi Mine
May 21, 2025

Perenti Limited announced that its joint venture, African Underground Mining Services, has secured a five-year contract worth approximately A$1 billion with AngloGold Ashanti for underground mining services at the Obuasi Gold Mine in Ghana. This contract reinforces Perenti’s strong relationship with AngloGold Ashanti and highlights the reliability and value of its Contract Mining division, enhancing its industry positioning and stakeholder confidence.

The most recent analyst rating on (AU:PRN) stock is a Buy with a A$1.25 price target. To see the full list of analyst forecasts on Perenti Global stock, see the AU:PRN Stock Forecast page.

Perenti’s Barminco Secures $500M Agnew Mine Contract
May 18, 2025

Perenti Limited’s subsidiary, Barminco, has secured a new contract valued at approximately AUD $500 million to continue underground mining operations at the Agnew Gold Mine for Gold Fields Limited. This contract, which extends Barminco’s long-standing relationship with Gold Fields, includes a three-year term with an option for a one-year extension, ensuring continued reliable earnings and reinforcing Perenti’s position in the mining industry.

The most recent analyst rating on (AU:PRN) stock is a Buy with a A$1.25 price target. To see the full list of analyst forecasts on Perenti Global stock, see the AU:PRN Stock Forecast page.

Perenti Limited Updates on Share Buy-Back Program
May 15, 2025

Perenti Limited has announced an update on its ongoing share buy-back program, reporting a total of 15,121,948 securities bought back before the previous day, with an additional 60,000 securities acquired on the previous day. This buy-back initiative is part of the company’s strategy to optimize its capital structure and potentially enhance shareholder value.

The most recent analyst rating on (AU:PRN) stock is a Buy with a A$1.25 price target. To see the full list of analyst forecasts on Perenti Global stock, see the AU:PRN Stock Forecast page.

Perenti Limited Updates on Market Buy-Back Program
May 7, 2025

Perenti Limited has announced an update on its ongoing on-market buy-back program, reporting the repurchase of 90,000 ordinary fully paid securities, bringing the total bought back to over 15 million. This buy-back initiative is part of the company’s strategy to optimize its capital structure and enhance shareholder value, reflecting a proactive approach to managing its financial resources.

Perenti Limited Updates on Share Buy-Back Progress
May 6, 2025

Perenti Limited has announced an update regarding its ongoing share buy-back program. The company reported that it has repurchased a total of 14,991,948 securities to date, with an additional 40,000 securities bought back on the previous day. This buy-back initiative is part of Perenti’s strategy to optimize its capital structure and potentially enhance shareholder value.

Perenti Limited Updates on Buy-Back Progress
May 5, 2025

Perenti Limited has announced an update regarding its ongoing on-market buy-back program. As of May 5, 2025, the company has repurchased a total of 14,991,948 ordinary fully paid securities, including 114,316 securities bought back on the previous day. This buy-back initiative is part of Perenti’s strategy to optimize its capital structure and potentially enhance shareholder value.

Perenti Limited Updates on Market Buy-Back Program
May 2, 2025

Perenti Limited has announced an update regarding its ongoing on-market buy-back program. As of the latest notification, the company has repurchased a total of 14,731,043 ordinary fully paid securities, with 146,589 bought back on the previous day. This buy-back initiative is part of Perenti’s strategy to optimize its capital structure and potentially enhance shareholder value.

Perenti Limited Announces Cessation of Securities
May 1, 2025

Perenti Limited has announced the cessation of 3,242,504 ordinary fully paid securities due to an on-market buy-back, effective April 30, 2025. This move is part of the company’s capital management strategy, potentially impacting its stock liquidity and shareholder value by reducing the number of shares in circulation.

Perenti Limited Updates on Buy-Back Program
Apr 29, 2025

Perenti Limited has announced an update regarding its ongoing on-market buy-back program, which involves the repurchase of its ordinary fully paid securities. As of April 29, 2025, the company has bought back a total of 14,456,849 securities, including 10,000 securities purchased on the previous day. This buy-back initiative is part of Perenti’s strategy to manage its capital structure and potentially enhance shareholder value.

Perenti Limited Updates on Market Buy-Back Program
Apr 28, 2025

Perenti Limited has announced an update on its ongoing on-market buy-back program, reporting a total of 14,371,328 securities bought back before the previous day and an additional 75,521 securities bought back on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value, reflecting its commitment to optimizing financial performance and market positioning.

Perenti Limited Updates on Market Buy-Back Program
Apr 24, 2025

Perenti Limited has announced an update on its ongoing on-market buy-back program, revealing that a total of 14,223,811 ordinary fully paid securities have been bought back prior to the previous day, with an additional 147,517 securities acquired on the previous day. This buy-back initiative is part of Perenti’s strategy to optimize its capital structure and deliver value to its shareholders, reflecting confidence in its financial position and future prospects.

Perenti Limited Updates on Market Buy-Back Progress
Apr 23, 2025

Perenti Limited has announced an update regarding its ongoing on-market buy-back of ordinary fully paid securities. As of April 23, 2025, the company has repurchased a total of 14,223,811 securities, including 102,257 bought back on the previous day. This buy-back initiative is part of Perenti’s strategy to manage its capital structure and potentially enhance shareholder value.

Perenti Limited Updates on Share Buy-Back Progress
Apr 22, 2025

Perenti Limited has announced an update on its ongoing share buy-back program, revealing that a total of 13,969,858 shares have been bought back before the previous day, with an additional 151,696 shares bought back on the previous day. This buy-back initiative is part of Perenti’s strategy to optimize its capital structure and enhance shareholder value, reflecting the company’s commitment to returning capital to its investors.

Perenti to Conclude Operations at Khoemacau Copper Mine
Apr 21, 2025

Perenti Limited announced that its underground mining business, Barminco, will conclude operations at the Khoemacau Copper Mine in Botswana by June 30, 2025. The decision follows financial performance at Khoemacau not meeting internal targets, prompting a focus on maintaining commercial discipline. The company will sell all equipment to MMG Limited, the mine’s owner, as part of the contract conclusion. Despite the financial outcome, Perenti praised the operational achievements and the legacy of training local mine operators, ensuring a smooth handover to the client.

Perenti Limited Updates on Market Buy-Back Program
Apr 15, 2025

Perenti Limited has announced an update regarding its ongoing on-market buy-back program. As of April 15, 2025, the company has repurchased a total of 13,969,858 ordinary fully paid securities, including 7,791 securities bought back on the previous day. This buy-back initiative is part of Perenti’s strategy to manage its capital structure and potentially enhance shareholder value.

Perenti Limited Updates on Market Buy-Back Program
Apr 14, 2025

Perenti Limited has announced an update regarding its ongoing on-market buy-back program. As of April 14, 2025, the company has repurchased a total of 13,962,067 ordinary fully paid securities, with 160,548 bought back on the previous day. This buy-back initiative is part of Perenti’s strategy to optimize its capital structure and enhance shareholder value.

Perenti Limited Updates on Market Buy-Back Program
Apr 11, 2025

Perenti Limited has announced an update on its ongoing on-market buy-back program, with a total of 13,639,520 securities bought back prior to the previous day and an additional 161,999 securities purchased on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure effectively, potentially enhancing shareholder value and improving financial flexibility.

Perenti Limited Updates on Market Buy-Back Program
Apr 10, 2025

Perenti Limited has announced an update regarding its ongoing on-market buy-back program. As of April 10, 2025, the company has repurchased a total of 13,639,520 ordinary fully paid securities, including 164,016 securities bought back on the previous day. This buy-back initiative is part of Perenti’s strategy to manage its capital structure and potentially enhance shareholder value.

Perenti Limited Updates on Market Buy-Back Program
Apr 9, 2025

Perenti Limited has announced an update regarding its ongoing on-market buy-back program, revealing that a total of 257,533 ordinary fully paid securities were bought back on the previous day, adding to the cumulative total of 13,217,971 securities repurchased. This buy-back initiative is part of the company’s strategy to optimize its capital structure and enhance shareholder value, reflecting a proactive approach to managing its financial resources.

Perenti Limited Updates on Share Buy-Back Progress
Apr 8, 2025

Perenti Limited has announced an update regarding its ongoing share buy-back program, indicating the purchase of 163,634 ordinary fully paid securities on the previous day, adding to a total of 13,054,337 securities bought back to date. This buy-back initiative is part of the company’s strategy to optimize its capital structure and enhance shareholder value, reflecting confidence in its financial health and future prospects.

Perenti Limited Updates on Buy-Back Program
Apr 7, 2025

Perenti Limited has announced an update regarding its ongoing on-market buy-back program. As of April 7, 2025, the company has repurchased a total of 12,716,826 ordinary fully paid securities, with 337,511 bought back on the previous day. This buy-back initiative is part of Perenti’s broader strategy to manage its capital structure and potentially enhance shareholder value.

Perenti Limited Updates on Market Buy-Back Progress
Apr 4, 2025

Perenti Limited has announced an update regarding its ongoing on-market buy-back program. As of April 4, 2025, the company has repurchased a total of 12,716,826 ordinary fully paid securities. This buy-back initiative is part of Perenti’s strategy to optimize its capital structure and deliver value to shareholders.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jun 05, 2025