RIO TINTO LIMITED (RIO)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

RIO - RIO TINTO LIMITED

FNArena Sector : Bulks
Year End: December
GICS Industry Group : Materials
Debt/EBITDA: 0.69
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

$114.45

22 Jul
2024

0.460

OPEN

$113.72

0.40%

HIGH

$114.51

1,024,066

LOW

$112.97

TARGET
$130.25 13.8% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
BHP .
FNARENA'S MARKET CONSENSUS FORECASTS
RIO: 1
Title FY24
Forecast		 FY25
Forecast
EPS (cps) 1214.5 xxx
DPS (cps) 740.3 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 9.4 xxx
Dividend Yield 6.5% xxx
Div Pay Ratio(%) 61.0% 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: 5.16%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.75

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: 07/03 - ex-div 392.78c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic 1,062.4707.1877.31,736.51,106.1934.6
DPS All 743.5643.6760.71,386.0723.1639.4
Sales/Revenue 54,270.8 M62,113.2 M64,800.7 M84,595.4 M80,137.7 M81,415.7 M
Book Value Per Share 3,769.43,560.63,771.14,371.84,568.14,933.6
Net Operating Cash Flow 16,394.3 M21,999.0 M24,051.7 M35,219.8 M23,880.9 M23,535.4 M
Net Profit Margin 33.66 %18.56 %21.90 %33.22 %22.36 %18.61 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed 30.64 %19.26 %23.92 %42.67 %24.76 %19.68 %
Return on Invested Capital 23.48 %14.78 %18.38 %33.87 %20.12 %15.98 %
Return on Assets 14.52 %9.07 %11.30 %20.99 %12.61 %10.29 %
Return on Equity 30.64 %19.26 %23.92 %42.67 %24.76 %19.68 %
Return on Total Capital 16.88 %23.34 %29.11 %41.81 %25.09 %21.12 %
Free Cash Flow ex dividends 1,948.7 M-768.4 M6,154.5 M4,921.6 M-2,772.5 M3,112.5 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 201820192020202120222023
Short-Term Debt 443 M1,454 M757 M1,562 M1,792 M1,713 M
Long Term Debt 17,670 M18,626 M17,167 M17,048 M16,303 M19,320 M
Total Debt 18,114 M20,080 M17,924 M18,611 M18,095 M21,033 M
Goodwill - Gross 22,530 M24,079 M22,473 M23,364 M23,555 M23,796 M
Cash & Equivalents - Generic 19,126 M15,135 M16,922 M21,027 M13,176 M15,814 M
Price To Book Value 2.082.823.022.292.552.75

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex 7,272.4 M7,897.1 M8,990.0 M9,837.8 M9,737.0 M10,675.4 M
Capex % of Sales 13.40 %12.71 %13.87 %11.63 %12.15 %13.11 %
Cost of Goods Sold 37,145 M40,245 M38,246 M43,282 M53,793 M57,339 M
Selling, General & Admin. Exp & Other 2,468 M1,640 M1,864 M3,340 M2,304 M3,081 M
Research & Development 60 M65 M65 M87 M110 M369 M
Investments - Total 6,901 M6,217 M5,653 M5,243 M5,462 M7,163 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

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgans

17/07/2024

1

Upgrade to Add from Hold

$130.00

13.59%

Rio Tinto's June-quarter operational result held, observes Morgans, as high-margin Escondida production outpaced estimates - enough says the broker to offset a medium-term easing in the iron ore prices

The broker spies risks to the timing of Pilbara iron ore mining approvals and trims iron ore forecasts accordingly.

Management advises costs are on the rise due to operational and social expenditure, and expects a -US$0.7bn working capital outflow at the full-year result.

Productivity improved, observes Morgans, and Simandou is on track. Rating upgraded to Add from Hold. Target price eases to $130 from $132.

FORECAST
Morgans forecasts a full year FY24 dividend of 719.84 cents and EPS of 1200.24 cents.
Morgans forecasts a full year FY25 dividend of 815.92 cents and EPS of 1203.29 cents.

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
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

23/07/2024

1

Buy

$136.10

18.92%

Goldman Sachs notes Pilbara iron ore shipments were in line with the consensus forecast, but Iron Ore Company of Canada (IOC) production missed by around -15% on lower mining rates and maintenance.

Mined copper production of 171Mt missed forecasts by the analysts and consensus by -5% and -2%, respectively.

Regional wildfires in Canada are expected to impact 3Q iron ore volumes, explains the broker.

The analysts believe the midpoint of FY24 Pilbara shipments guidance of 323-338mt can be met by a 2H run-rate of 345mtpa.

The target falls to $136.10 from $137. Buy.

FORECAST
Goldman Sachs forecasts a full year FY24 dividend of 655.79 cents and EPS of 1011.13 cents.
Goldman Sachs forecasts a full year FY25 dividend of 671.04 cents and EPS of 1030.96 cents.
Access Stockbroker Research History >

RIO STOCK CHART

FNArena News on RIO

1
Weekly Ratings, Targets, Forecast Changes – 19-07-24

Jul 22 2024 - Weekly Reports
2
Rudi’s View: Rate Cuts, Growth & Small Caps

Jul 18 2024 - Rudi's View
3
Next Week At A Glance – 15-19 July 2024

Jul 12 2024 - Weekly Reports
4
Material Matters: Iron Ore, Gold & Coal

Jul 12 2024 - Commodities
5
Rudi’s View: Gold, Healthcare, Staples & Copper

Jul 11 2024 - Rudi's View

Latest Bulks News

1
Next Week At A Glance – 22-26 July 2024

Jul 19 2024 - Weekly Reports
2
Fortescue Shares Oversold

Jul 09 2024 - Technicals
3
Rudi’s View: Copper, Lithium, Retailers & TechnologyOne

Jun 27 2024 - Rudi's View
4
Deterra Seeks Growth Through Diversification

Jun 18 2024 - Small Caps
5
Three Reasons BHP Is Undervalued (None Are Iron Ore)

May 22 2024 - Australia
6
ESG Focus: The Little Big Things – 15-05-2024

May 15 2024 - ESG Focus
7
Rio Tinto Shares Aiming For The Stars

May 07 2024 - Technicals
8
ESG Focus: Decarbonisation, Renewables & Cyber Crime

Apr 03 2024 - ESG Focus
9
Fortescue: Ready To Rally

Mar 26 2024 - Technicals
10
Better Times Ahead for New Hope?

Mar 20 2024 - Australia