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

$129.52

19 Apr
2024

-1.360

OPEN

$129.75

-1.04%

HIGH

$129.97

2,132,353

LOW

$126.90

TARGET
$128.00 -1.2% downside
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) 1254.7 xxx
DPS (cps) 768.3 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 10.3 xxx
Dividend Yield 5.9% xxx
Div Pay Ratio(%) 61.2% 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: 5.65%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

5.23

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

0.3

No. Of Recommendations

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

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

18/04/2024

3

Neutral

$127.00

-1.95%

Rio Tinto's March Q production was broadly in line with UBS and FY24 guidance is unchanged. While production is soft versus consensus, Rio has the rest of 2024 to catch up, the broker notes, and for iron ore the strongest quarters of the year are ahead.

The quarter was impacted by weather in iron ore, and unplanned outages.

It is encouraging that Kitimat is back at full capacity, UBS suggests, and the Oyu Tolgoi underground ramp-up is on track. The Western Range, Pilbara replacement and Simandou projects are also progressing to plan.

Neutral and $127 target retained.

FORECAST
UBS forecasts a full year FY24 dividend of 662.30 cents and EPS of 1108.40 cents.
UBS forecasts a full year FY25 dividend of 682.10 cents and EPS of 1129.72 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

4

xxxxxxx

$xx.xx

xx.xx%

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RIO STOCK CHART