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Sandfire Resources Limited
(Sydney:SFR)
Sandfire Resources Limited (SFR) vs. S&P 500 (SPY)
Sandfire Resources Limited Business Overview & Revenue Model
Sandfire Resources Limited Financial Statement Overview
| Breakdown | ||||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 921.57M | 1.16B | 1.42B | 771.83M | 645.46M | Gross Profit |
| 917.78M | -40.98M | 435.96M | 236.40M | 133.48M | EBIT |
| 17.51M | -54.30M | 422.38M | 227.88M | 125.20M | EBITDA |
| 358.32M | 397.19M | 628.87M | 338.73M | 314.52M | Net Income Common Stockholders |
| -17.35M | -76.68M | 153.66M | 172.39M | 74.05M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 183.34M | 213.23M | 673.44M | 574.51M | 291.14M | Total Assets |
| 3.00B | 4.75B | 4.93B | 1.19B | 913.93M | Total Debt |
| 582.58M | 896.25M | 1.18B | 12.77M | 12.49M | Net Debt |
| 399.24M | 683.02M | 510.16M | -561.74M | -278.65M | Total Liabilities |
| 1.33B | 2.14B | 2.51B | 278.73M | 163.71M | Stockholders Equity |
| 1.67B | 2.61B | 2.42B | 907.83M | 749.02M |
| Cash Flow | Free Cash Flow | |||
| 66.18M | -372.25M | 252.22M | 346.39M | 158.41M | Operating Cash Flow |
| 292.01M | 113.86M | 536.68M | 465.23M | 272.61M | Investing Cash Flow |
| -219.73M | -442.24M | -2.25B | -131.10M | -178.79M | Financing Cash Flow |
| -86.42M | -125.41M | 1.78B | -56.95M | -50.18M |
Sandfire Resources Limited Technical Analysis
Sandfire Resources Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | AU$864.74M | 23.46 | 4.91% | 3.14% | 0.27% | 6.59% | |
58 Neutral | $3.03B | 1,418.92 | -36.53% | 7.41% | -28.50% | -532.61% | |
56 Neutral | $4.72B | 35.60 | 5.11% | ― | 42.05% | ― | |
49 Neutral | $1.94B | -1.23 | -21.28% | 3.73% | 1.19% | -29.73% | |
48 Neutral | $3.97B | 50.78 | -33.95% | 4.54% | 2.22% | -411.10% | |
44 Neutral | $297.04M | ― | -33.63% | ― | -33.27% | -10.07% |
Sandfire Resources Limited Earnings Call Summary
Sandfire Resources Limited Corporate Events
Sandfire Resources Limited has entered into a binding Sale and Purchase Agreement with Catalyst Metals Limited for the sale of the Old Highway Gold Project, located near Sandfire’s DeGrussa Copper-Gold Mine in Western Australia, for A$32.5 million. The transaction is expected to aid Sandfire in covering rehabilitation costs at DeGrussa and create opportunities for local stakeholders, while increasing the likelihood of the project’s future development, benefiting stakeholders including traditional owners and the local community.
Sandfire Resources Limited has announced a change in the director’s interest, specifically concerning Brendan Harris. Mr. Harris acquired 366,667 ordinary shares due to the vesting of Tranche 2 of Sign on Rights and disposed of 172,333 shares to cover tax liabilities. This change reflects the company’s ongoing management of executive compensation and equity interests, potentially impacting shareholder perceptions and market dynamics.
Sandfire Resources Limited has announced a change in the interests of a substantial holder, State Street Bank and Trust Company, which has lent securities and retains a relevant interest under a securities lending agreement. This change in voting power and relevant interests could impact the company’s governance and decision-making processes, potentially affecting its stakeholders and market positioning.
Sandfire Resources Limited reported a decrease in its Total Recordable Injury Frequency and maintained robust production results despite extreme weather challenges in Spain and Botswana. The company achieved significant copper equivalent production and managed cost inflation due to exchange rate fluctuations. Sandfire also simplified its funding arrangements by establishing a new $650M Corporate Revolver Facility, reducing net debt significantly. The company remains on track to meet its annual production guidance and plans to increase copper equivalent production at Motheo in FY26, supported by strong commodity pricing and strategic drilling activities.
Sandfire Resources Limited has secured a new unsecured US$650 million Corporate Revolver Facility to replace its existing facility, aiming to repay US$440 million in existing debts and use the remainder for general corporate purposes. This refinancing move is expected to simplify Sandfire’s capital structure, reduce financing costs, and enhance cash flow, positioning the company for improved financial stability and flexibility.
Sandfire Resources Limited has announced that Principal Global Investors, LLC has become a substantial holder in the company, holding 23,442,639 ordinary shares, which represents a 5.11% voting power. This development signifies a strategic investment by Principal Global Investors, potentially impacting Sandfire’s market positioning and signaling confidence in its operations.
Sandfire Resources Limited has decided to return its interest in the Alvalade Joint Venture to its partner, Avrupa Minerals, following unsatisfactory drilling results at the Sesmarias prospect in Portugal. This strategic move allows Sandfire to concentrate its exploration efforts on its wholly owned projects within the Iberian Pyrite Belt, demonstrating the company’s commitment to capital discipline and efficient project management.
Sandfire Resources Limited has released its H1 FY25 financial results, providing insights into the company’s operating and financial performance. The presentation includes unaudited information and non-IFRS measures, offering stakeholders a view of the company’s core business performance. The company uses a combination of IFRS and non-IFRS financial measures to assess its performance, helping stakeholders understand the financial health and operational effectiveness of the group. While the report outlines the company’s efforts to maintain transparency and accountability, it also notes the inherent risks and uncertainties in the market, emphasizing the importance of not placing undue reliance on forward-looking statements.
Sandfire Resources Limited has reported a strong financial performance for the first half of FY25, with a significant increase in copper equivalent production and a notable improvement in underlying EBITDA and earnings. The company has also successfully reduced its net debt and secured a new $650 million Corporate Revolver Facility to further de-risk its financial position. Despite operational challenges posed by heavy rainfall, Sandfire is confident in achieving its production targets for the full year, supported by strategic investments in underground development and exploration activities aimed at extending the life of its MATSA and Motheo processing hubs.
Sandfire Resources Limited reported a significant improvement in its financial performance for the half-year ended December 31, 2024, with a 37% increase in revenue from ordinary activities, reaching $572.3 million. The company achieved a turnaround from a previous loss to a net profit of $51.5 million, reflecting strong operational performance and strategic management. Despite the positive financial results, no dividends were declared, and the company continues to focus on enhancing its market positioning and shareholder value.
Sandfire Resources Limited has announced that it will release its financial results for the six months ending December 31, 2024, on February 20, 2025. A teleconference and a live webcast are scheduled for the same day to discuss the results, reflecting the company’s commitment to transparency and stakeholder engagement.