RIO TINTO LIMITED (RIO)
Share Price Analysis and Chart

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RIO

RIO - RIO TINTO LIMITED

FNArena Sector : Bulks
Year End: December
GICS Industry Group : Materials
Debt/EBITDA: 0.75
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

$119.10

24 Mar
2025

0.520

OPEN

$117.99

0.44%

HIGH

$119.25

905,575

LOW

$117.74

TARGET
$126.417 6.1% 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) 1121.2 xxx
DPS (cps) 659.1 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 10.6 xxx
Dividend Yield 5.5% xxx
Div Pay Ratio(%) 58.8% 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 xxxxxxxxxxxxxxx598.2
Sales/Revenue xxxxxxxxxxxxxxx81,349.4 M
Book Value Per Share xxxxxxxxxxxxxxx5,495.7
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 xxxxxxxxxxxxxxx17.95 %
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 xxxxxxxxxxxxxxx24,161 M
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 xxxxxxxxxxxxxxx60,036 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,606 M
Research & Development xxxxxxxxxxxxxxx603 M
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

UBS

xx/xx/xxxx

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xx.xx%

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xx/xx/xxxx

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xxxxxxx

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xx/xx/xxxx

1

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xx.xx%

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Ord Minnett

07/03/2025

1

Buy

$132.00

10.83%

Rio Tinto has announced a -US$1.8bn investment for the development of the Brockman Syncline 1 iron ore project as part of the Pilbara replacement, Ord Minnett details.

Capital intensity is estimated at US$53/tonne, aligning with previous guidance, with production expected to start in 2027, 12 months earlier than scheduled.

Ord Minnett believes Rio is on track to achieve its production targets. The broker retains a Buy rating and $132 target price.

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgans

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

13/03/2025

1

Buy

$143.50

20.49%

Goldman Sachs conducted a deep analysis of Rio Tinto and BHP Group's ((BHP)) project pipelines, given both miners are back in investment mode. The broker estimates -US$50-60bn capex spending by each company excluding maintenance capex.

After incorporating the Arcadium Lithium acquisition, the broker estimates all growth capex for Rio would increase to -US$12-13bn per annum which is the same for BHP.

However, the broker notes Rio trades at a free cash flow yield of 7-8% until the medium-term vs 4% for BHP, with iron ore and copper divisions the biggest contributors. The broker also expects Rio to widen the production gap with BHP over the next five years.

As a result, Goldman Sachs prefers Rio over BHP.

The analyst made minor changes to FY25-26 EBITDA estimates. Target price declines marginally to $143.5 from $143.7 on increase in net debt from the Arcadium Lithium acquisition. Buy maintained.

FORECAST
Goldman Sachs forecasts a full year FY25 dividend of 628.16 cents and EPS of 1041.83 cents.
Goldman Sachs forecasts a full year FY26 dividend of 628.16 cents and EPS of 1041.83 cents.
Access Extra Coverage Research History >

RIO STOCK CHART

FNArena News on RIO

1
Next Week At A Glance 24-28 Mar 2025

Mar 21 2025 - Weekly Reports
2
Rudi’s View: Best Buys In Copper, Small Caps, Tech, Healthcare, And More

Mar 20 2025 - Rudi's View
3
ESG Focus: Fund Flows, Tariffs, Defence & AI

Mar 20 2025 - ESG Focus
4
Next Week At A Glance – 17-21 Mar 2025

Mar 14 2025 - Weekly Reports
5
Rudi’s View: Post February Conviction Calls

Mar 13 2025 - Rudi's View

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