RIO TINTO LIMITED (RIO)
Share Price Analysis and Chart

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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

$114.43

24 Jul
2024

0.620

OPEN

$113.61

0.54%

HIGH

$114.67

1,138,686

LOW

$113.02

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) 1214.7 xxx
DPS (cps) 740.4 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 9.3 xxx
Dividend Yield 6.6% 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: 5.25%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

5.91

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 xxxxxxxxxxxxxxx934.6
DPS All xxxxxxxxxxxxxxx639.4
Sales/Revenue xxxxxxxxxxxxxxx81,415.7 M
Book Value Per Share xxxxxxxxxxxxxxx4,933.6
Net Operating Cash Flow xxxxxxxxxxxxxxx23,535.4 M
Net Profit Margin xxxxxxxxxxxxxxx18.61 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx19.68 %
Return on Invested Capital xxxxxxxxxxxxxxx15.98 %
Return on Assets xxxxxxxxxxxxxxx10.29 %
Return on Equity xxxxxxxxxxxxxxx19.68 %
Return on Total Capital xxxxxxxxxxxxxxx21.12 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx3,112.5 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 xxxxxxxxxxxxxxx1,713 M
Long Term Debt xxxxxxxxxxxxxxx19,320 M
Total Debt xxxxxxxxxxxxxxx21,033 M
Goodwill - Gross xxxxxxxxxxxxxxx23,796 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx15,814 M
Price To Book Value xxxxxxxxxxxxxxx2.75

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx10,675.4 M
Capex % of Sales xxxxxxxxxxxxxxx13.11 %
Cost of Goods Sold xxxxxxxxxxxxxxx57,339 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx3,081 M
Research & Development xxxxxxxxxxxxxxx369 M
Investments - Total xxxxxxxxxxxxxxx7,163 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%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

17/07/2024

1

Upgrade to Add from Hold

$130.00

13.61%

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 719.95 cents and EPS of 1200.43 cents.
Morgans forecasts a full year FY25 dividend of 816.05 cents and EPS of 1203.48 cents.

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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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

18.94%

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 655.89 cents and EPS of 1011.29 cents.
Goldman Sachs forecasts a full year FY25 dividend of 671.14 cents and EPS of 1031.12 cents.

RIO STOCK CHART