Looking forward 12 months, using Goldman's (i.e. the most bearish!) forecast.
Goldman Sachs forecast of Iron Ore and (AUDUSD) for FY15 ...
Source multiple media reports...
1H15 = $US105 (0.85) = $AUD123.50
2H15 = $US100 (0.82) = $AUD122
3H15 = $US80 (0.80) = $AUD100
4H15 = $US80 (0.80) = $AUD100
FY15 = $US91 (0.82) = $AUD111
Question : What would ARI report for FY15?
Assumes...
Iron Ore Prod = 13Mt, all in cost/t = $70, grade = 59.3%
Steel EBIT +$10 / $0.01 fall in AUDUSD (As guided)
Cash Capex
Mining = $198 (100% DA)
Mining Consumerables = $60m (DA = $51 ie Canada Expansion)
Steel & Recycling = $55 (50% DA)
Total Cash Capex = $313m
DA = $358m
Dividend = 0.12 unfranked (Yield 13%),
Tax Rate = 23%
Dividend
Answer : EPS = 25.3 (P/E = 3.8)
NPAT = $344m
EBIT = $544m
EBITDA = $902m
Net Debt = $1713m
Gearing = 32%
EBITDA Interest cover = 9.3
Leverage ratio = 1.9
Payout Ratio = 47% (Div = 0.12)
A spectacular FY15 if Goldman's bearish forecast becomes a reality!
- Forums
- ASX - By Stock
- ARI
- on goldman's bearish forecast fy15 eps=25.3
on goldman's bearish forecast fy15 eps=25.3
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ARI (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online