RIO TINTO LIMITED (RIO)
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RIO

RIO - RIO TINTO LIMITED

FNArena Sector : Bulks
Year End: December
GICS Industry Group : Materials
Debt/EBITDA: 0.71
Index: ASX20 | ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Rio Tinto is an Anglo-Australian multinational and the world's second largest metals and mining company behind BHP. It produces iron ore, copper, diamonds, gold, titanium dioxide and zircon, uranium, and more. It has been a listed entity since 1962.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$123.49

21 Feb
2025

3.400

OPEN

$121.79

2.83%

HIGH

$124.54

2,628,615

LOW

$121.48

TARGET
$127.417 3.2% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
BHP .
FNARENA'S MARKET CONSENSUS FORECASTS
RIO: 1
Title FY25
Forecast		 FY26
Forecast
EPS (cps) 1039.9 xxx
DPS (cps) 664.2 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 11.9 xxx
Dividend Yield 5.4% xxx
Div Pay Ratio(%) 63.9% xxx
This company reports in USD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 N/A

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: 15/08 - ex-div 269.98c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx1,079.0
DPS All xxxxxxxxxxxxxxx604.6
Sales/Revenue xxxxxxxxxxxxxxx81,349.4 M
Book Value Per Share xxxxxxxxxxxxxxx5,494.0
Net Operating Cash Flow xxxxxxxxxxxxxxx24,372.4 M
Net Profit Margin xxxxxxxxxxxxxxx21.53 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx20.70 %
Return on Invested Capital xxxxxxxxxxxxxxx16.67 %
Return on Assets xxxxxxxxxxxxxxx11.02 %
Return on Equity xxxxxxxxxxxxxxx20.70 %
Return on Total Capital xxxxxxxxxxxxxxx20.68 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-864.2 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx862 M
Long Term Debt xxxxxxxxxxxxxxx21,515 M
Total Debt xxxxxxxxxxxxxxx22,377 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx14,397 M
Price To Book Value xxxxxxxxxxxxxxx2.14

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx14,586.1 M
Capex % of Sales xxxxxxxxxxxxxxx17.93 %
Cost of Goods Sold xxxxxxxxxxxxxxx58,643 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx0 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx9,573 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

0.5

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

21/02/2025

3

Neutral

$124.00

0.41%

It is UBS's view, Rio Tinto is balancing a 3% CAGR growth target through 2033 with increased capex, while maintaining a 60% dividend payout ratio for the ninth consecutive year.

Iron ore losses from four cyclones total -13Mt, though Rio Tinto expects to mitigate around half of this impact by year-end. The broker sees the risk/reward as balanced, with strong operational performance and project execution offset by a subdued iron ore price outlook.

UBS analysts have maintained a Neutral rating on Rio Tinto, keeping the price target unchanged at GBP52.50. Financial forecasts remain largely intact, with no material changes expected despite what is described as a "solid" 2024 performance.

FORECAST
UBS forecasts a full year FY25 dividend of 719.19 cents and EPS of 1096.35 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

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

1

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

Goldman Sachs

20/01/2025

1

Buy

$146.20

18.39%

Rio Tinto released its 4Q24 report where realised pricing for 2H was broadly in line with Goldman Sachs' estimate for iron ore while copper and aluminium came in better than expected. The company made no change to 2025 production guidance.

The broker has lifted FY24-25 EPS estimates by 6% and 2% respectively after lowering exploration expense slightly and lifting bauxite price assumptions, and marginally raising aluminium cost assumptions. 

Ahead of the 2024 result in February, the broker is forecasting underlying earnings of US$10.6bn, down -10% and a final dividend of US$1.93/share, taking full year dividend to US$3.70/share.

The target price is $146.20. Buy.

FORECAST
Goldman Sachs forecasts a full year FY25 dividend of 626.05 cents and EPS of 1074.97 cents.
Access Extra Coverage Research History >

RIO STOCK CHART

FNArena News on RIO

1
FNArena Corporate Results Monitor – 22-02-2025

Feb 22 2025 - Australia
2
Next Week At A Glance – 24-28 Feb 2025

Feb 21 2025 - Weekly Reports
3
Rudi’s View: Best Ideas & Conviction Calls

Feb 20 2025 - Rudi's View
4
FNArena Corporate Results Monitor – 20-02-2025

Feb 20 2025 - Australia
5
Rudi’s View: BHP, Capstone Copper, NextDC, WiseTech & Woodside

Feb 13 2025 - Rudi's View

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