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: 0.75
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

$117.00

26 May
2025

0.000

OPEN

$117.00

0.000

HIGH

$117.00

0

LOW

$117.00

TARGET
$122.25 4.5% 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) 981.7 xxx
DPS (cps) 622.9 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 11.9 xxx
Dividend Yield 5.3% xxx
Div Pay Ratio(%) 63.4% 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: 5.57%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.33

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

0.3

No. Of Recommendations

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

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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UBS

17/04/2025

3

Neutral

$120.00

2.56%

March quarter iron ore production for Rio Tinto at the Pilbara was impacted by weather and FY25 guidance trimmed to the "lower end" of 323-338mt guidance range, as expected  by UBS. Ore quality remains low and continues to impact realised pricing, note the analysts.

Aluminium and bauxite operations were stable, with bauxite output exceeding expectations at 15Mt.

Copper production fell -8% quarter-on-quarter due to maintenance at Oyu Tolgoi and shipping issues at Escondida, explains UBS, though volumes are expected to recover in H2.

Simandou remains on track for first production by end-2025, highlights the broker, and the Rincon lithium project has commenced commissioning.

Neutral. Target $120.

FORECAST
UBS forecasts a full year FY25 dividend of 676.01 cents and EPS of 968.88 cents.
UBS forecasts a full year FY26 dividend of 655.99 cents and EPS of 1014.20 cents.

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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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

23/05/2025

1

Buy

$140.80

20.34%

Rio Tinto has signed a JV with Chilean copper miner Codelco and is acquiring a 49.99% stake in the Maricunga salar lithium project in Chile.

The total price is US$900m, with US$350m going toward further studies to FID, US$500m towards construction costs, and US$50m if first production is achieved by the end of 2030.

Goldman Sachs notes it had flagged this JV potential in 2023 and estimates the Maricunga project could potentially support a 60ktpa operation by 2035 and increase the company's equity share of lithium production to over 250ktpa.

Buy. Target unchanged at $140.80.

FORECAST
Goldman Sachs forecasts a full year FY25 dividend of 554.36 cents and EPS of 939.33 cents.
Goldman Sachs forecasts a full year FY26 dividend of 569.76 cents and EPS of 954.73 cents.
Access Extra Coverage Research History >

RIO STOCK CHART

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2
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Weekly Ratings, Targets, Forecast Changes – 02-05-25

May 05 2025 - Weekly Reports
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Australian Broker Call *Extra* Edition – Apr 27, 2025

Apr 28 2025 - Daily Market Reports
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Apr 24 2025 - Weekly Reports

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