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

$118.15

22 Oct
2024

-1.660

OPEN

$118.72

-1.39%

HIGH

$119.36

1,338,172

LOW

$117.85

TARGET
$126.833 7.3% 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) 1029.0 xxx
DPS (cps) 620.1 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 11.5 xxx
Dividend Yield 5.2% xxx
Div Pay Ratio(%) 60.3% 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: 6.90%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.54

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 © 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

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

17/10/2024

1

Overweight

$135.00

14.26%

Rio Tinto reported 3Q24 iron ore shipments which met Morgan Stanley's expectations of 3.6mt of production, a decline of around -19.9% due to wildfires. Guidance was downgraded to 9.1mt-9.6mt from 9.8mt-11.5mt.

Copper production was in line with the broker's estimate but -3% below consensus with Kenecott expected to experience challenges in 2025/2026 from high wall movement, the analyst notes.

Alumina production met expectations as did bauxite production and shipments. Morgan Stanley believes the company is in good stead to achieve 2024 guidance.

Overweight rating is maintained. The target is $135. Industry view is Attractive.

FORECAST
Morgan Stanley forecasts a full year FY24 dividend of 608.58 cents and EPS of 1007.25 cents.
Morgan Stanley forecasts a full year FY25 dividend of 634.25 cents and EPS of 1051.04 cents.

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Citi

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

21/10/2024

1

Buy

$136.20

15.28%

Rio Tinto's 3Q production of iron ore, aluminium and copper fell around -2-3% short of forecasts by Goldman Sachs while bauxite and alumina production were beats. Pilbara iron ore shipments of 84.5mt were in line with consensus.

Management left 2024 production guidance unchanged except for lowering output for Iron Ore company of Canada (IOC) following a site-wide shut down in mid-July due to forest fires.

Goldman Sachs remains Buy-rated with a $136.20 target, down from $137.90.

FORECAST
Goldman Sachs forecasts a full year FY24 dividend of 513.44 cents and EPS of 856.24 cents.
Goldman Sachs forecasts a full year FY25 dividend of 573.85 cents and EPS of 952.88 cents.
Access Extra Coverage Research History >

RIO STOCK CHART

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