Sandfire Resources Limited (SFR.AX)
Basic Materials · ASX · Australia
Fundamentals
Valuation and ratings
Sandfire Resources Limited trades at AUD19.24, close to the AUD16.55 our discounted cash flow model puts on the business. On this measure the market and the model broadly agree, so the interesting question is which of them is wrong.
Our moat model scores it 65 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 41.5 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
SFR.AX dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2022 | AUD0.030 | 1 |
| 2021 | AUD0.314 | 2 |
| 2020 | AUD0.176 | 2 |
| 2019 | AUD0.213 | 2 |
| 2018 | AUD0.250 | 2 |
| 2017 | AUD0.166 | 2 |
| 2016 | AUD0.102 | 2 |
| 2015 | AUD0.120 | 2 |
| 2014 | AUD0.092 | 1 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
SFR.AX earnings and analyst estimates
Recommendation mix, 14 analyst ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About Sandfire Resources Limited
Sandfire Resources Limited, a mining company, explores for, evaluates, and develops mineral tenements and projects. It primarily explores for copper, gold, silver, lead, and zinc deposits. The company was incorporated in 2003 and is based in West Perth, Australia.
Common questions
Is Sandfire Resources Limited (SFR.AX) undervalued?
Against our discounted cash flow estimate of AUD16.55, SFR.AX at AUD19.24 is 14% above fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
What is SFR.AX's P/E ratio?
SFR.AX trades at 41.5 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.