DETERRA ROYALTIES LIMITED (DRR)
Share Price Analysis and Chart

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DRR - DETERRA ROYALTIES LIMITED

FNArena Sector : Iron Ore
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 0
Index: ASX200 | ASX300 | ALL-ORDS

Deterra Royalties is an Australian resource royalty investment company. The company was demerged from Iluka Resources and listed on the ASX in 2020. Its cornerstone asset is the MAC Royalty, a royalty over iron ore produced from specific tenements of BHP's Mining Area C in Western Australia.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.64

20 Nov
2024

-0.030

OPEN

$3.68

-0.82%

HIGH

$3.71

3,739,324

LOW

$3.63

TARGET
$4.37 20.1% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ARI . BCI . CIA . FEX . FMG . GEN . GRR . MGX . MIN . RHK .
FNARENA'S MARKET CONSENSUS FORECASTS
DRR: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 29.3 30.3 xxx
DPS (cps) xxx 29.3 19.5 xxx
EPS Growth xxx 1.6% 3.3% xxx
DPS Growth xxx 1.5% - 33.4% xxx
PE Ratio xxx N/A 12.0 xxx
Dividend Yield xxx N/A 5.4% xxx
Div Pay Ratio(%) xxx 100.0% 64.4% xxx

Dividend yield today if purchased 3 years ago: 7.11%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 8.05

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 27/08 - ex-div 14.40c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 20192021202220232024
EPS Basic xxxxxxxxxxxx29.3
DPS All xxxxxxxxxxxx29.3
Sales/Revenue xxxxxxxxxxxx240.5 M
Book Value Per Share xxxxxxxxxxxx15.2
Net Operating Cash Flow xxxxxxxxxxxx169.6 M
Net Profit Margin xxxxxxxxxxxx64.40 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 20192021202220232024
Return on Capital Employed xxxxxxxxxxxx179.59 %
Return on Invested Capital xxxxxxxxxxxx179.05 %
Return on Assets xxxxxxxxxxxx140.26 %
Return on Equity xxxxxxxxxxxx179.59 %
Return on Total Capital xxxxxxxxxxxx262.68 %
Free Cash Flow ex dividends xxxxxxxxxxxx1.7 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 20192021202220232024
Short-Term Debt xxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxx0 M
Total Debt xxxxxxxxxxxx0 M
Goodwill - Gross xxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxx31 M
Price To Book Value xxxxxxxxxxxx26.25

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 20192021202220232024
Capex xxxxxxxxxxxx0.1 M
Capex % of Sales xxxxxxxxxxxx0.04 %
Cost of Goods Sold xxxxxxxxxxxx10 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxx4 M
Research & Development xxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.6

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Macquarie

16/09/2024

1

Upgrade to Outperform from Neutral

$4.20

15.38%

Macquarie updates forecasts for the latest commodity price outlook from Macquarie Economics and Commodities Strategy.

The broker believes there is ongoing iron ore oversupply, concluding the market will remain weak for the next six to twelve months as Onslow ramps up and Chinese steel mills reduce pig iron.

Macquarie prefers met coal and views that prices are starting to bottom. Regarding manganese, the broker highlights disappointing demand on recent price performance and headwinds to be sustained over the rest of 2024.

Deterra Royalties is upgraded to Outperform from Neutral. Target price lifts 8% to $4.20.

FORECAST
Macquarie forecasts a full year FY25 dividend of 22.50 cents and EPS of 28.10 cents.
Macquarie forecasts a full year FY26 dividend of 20.90 cents and EPS of 26.20 cents.

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Goldman Sachs

09/07/2024

1

Upgrade to Buy from Neutral

$4.70

29.12%

For the second half of 2024 commodities outlook, Goldman Sachs remains most positive on copper, aluminium, and metallurgical coal on forecast market deficits.

On the other hand, the broker remains bearish thermal coal and battery materials (lithium, nickel) on forecast market surpluses. Elsewhere, the benchmark 62% iron ore price is expected to average between US$100-105/t over the remainder of the year.

The broker's target for Deterra Royalties falls to $4.70 from $5.00 after both iron ore and currency forecasts are marked-to-market. The rating is upgraded to Buy from Neutral on valuation.

FORECAST
Goldman Sachs forecasts a full year FY25 dividend of 29.80 cents and EPS of 27.00 cents.
Access Extra Coverage Research History >

DRR STOCK CHART

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