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

$111.39

04 Aug
2025

0.490

OPEN

$111.11

0.44%

HIGH

$111.78

1,039,541

LOW

$110.31

TARGET
$115.333 3.5% 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) 919.5 xxx
DPS (cps) 532.5 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 12.2 xxx
Dividend Yield 4.7% xxx
Div Pay Ratio(%) 57.9% 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: 6.36%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.53

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

0.2

No. Of Recommendations

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

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

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

31/07/2025

3

Equal-weight

$118.00

5.93%

Morgan Stanley describes Rio Tinto’s 1H 2025 result as slightly weaker than expected on earnings, but supported by strong cash flow.

Underlying net profit of US$4.8bn was -4% below both the broker and consensus estimates, mainly due to higher central and restructuring costs and elevated depreciation.

Despite this, earnings (EBITDA) of US$11.5bn were in line with the analysts' forecast, with revenues above expectations, suggesting margin pressure from costs.

Free cash flow of US$2.0bn was well ahead of Morgan Stanley's expectations, supported by lower taxes, working capital release, and capex underspend.

The dividend of 148cps was also -4% below the broker's forecasts, aligning with the lower profit outcome.

The analysts highlight improved copper unit cost guidance, with C1 costs now seen at US$1.10–1.30/lb, better than the previous US$1.30–1.50/lb, mainly due to by-product credits and cost control. The tax rate was revised up to 33% (versus 30% prior guidance).

Equal-weight rating. Target $118. Industry View: Attractive.

From the later conference call, Morgan Stanley highlights management sees the Kennecott smelter becoming immediately more profitable as a result of tariffs as it is the largest smelter in the US.

FORECAST
Morgan Stanley forecasts a full year FY25 EPS of 927.93 cents.
Morgan Stanley forecasts a full year FY26 EPS of 957.32 cents.

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

0

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
Access Extra Coverage Research History >

RIO STOCK CHART

FNArena News on RIO

1
Diversification Paying Off For Rio Tinto

Aug 04 2025 - Commodities
2
Next Week At A Glance – 4-8 Aug 2025

Aug 01 2025 - Weekly Reports
3
Rudi’s View: Taking Stock Ahead Of August

Jul 30 2025 - Rudi's View
4
Iron Ore Worries Overshadow Fortescue’s FY26

Jul 28 2025 - Australia
5
Material Matters: Steel, Iron Ore & Lithium

Jul 25 2025 - Commodities

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Mar 27 2025 - Rudi's View
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