SYR AU

Syrah Resources Ltd

Industrial/Transportation


Presented:12/15/2017
Price:A$4.18
Cap:$0.87B
Current Price:A$0.29
Cap:$0.23B

Presented

Date12/15/2017
PriceA$4.18
Market Cap$0.87B
Ent Value$0.47B
P/E RatioN/A
Book ValueA$1.53
Div Yield0%
Shares O/S266.44M
Ave Daily Vol1,813,981
Short IntN/A

Current

PriceA$0.29
Market Cap$0.23B
Syrah Resources Ltd. is an industrial minerals and technology company. The company operates through two segments: Balma and Corporate. The Balma segment includes mining, mineral exploration, evaluation and development activities associated with the Balama Graphite Project in Mozambique. The Corporate segment includes corporate administration and investing activities including development of the group's battery anode material strategy. Its projects includes Balma project, Sphercial Graphite Project, Balama Vanadium Project. The company was founded on May 4, 2007 and is headquartered in Melbourne, Australia.

Publicly traded companies mentioned herein: Syrah Resources Ltd (SYR AU)

Highlights

The presenter is long shares of Syrah Resources (SYR AU), a graphite miner, on the thesis of increased graphite demand from the rise of electric vehicles (EVs), coupled with Chinese graphite supply decreasing due to China’s environmental regulatory efforts. As demand for graphite rises, pricing could rise by as much as 30% from current levels, which would allow SYR AU to generate between $75 million - $150 million of FCF in 2020 under the presenter’s model.

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Idea Discussion

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