MINERAL RESOURCES LIMITED (MIN)
Share Price Analysis and Chart

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MIN

MIN - MINERAL RESOURCES LIMITED

FNArena Sector : Iron Ore
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 5.22
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Mineral Resources is an Australian diversified mining services company. Its operations include construction, crushing and transport services. It has been a listed company since 2006. Key operations involve iron ore and lithium.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$33.98

08 Aug
2025

0.720

OPEN

$33.27

2.16%

HIGH

$34.35

2,815,683

LOW

$33.02

TARGET
$31.00 -8.8% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ARI . CIA . DRR . FEX . FMG . GEN . GRR . MGX .
FNARENA'S MARKET CONSENSUS FORECASTS
MIN: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 64.0 - 108.0 xxx
DPS (cps) xxx 20.0 0.0 xxx
EPS Growth xxx - 49.8% N/A xxx
DPS Growth xxx - 89.5% N/A xxx
PE Ratio xxx N/A N/A xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx 31.3% N/A xxx

Dividend yield today if purchased 3 years ago: 0.34%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.52

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: 01/03 - ex-div 20c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx64.0
DPS All xxxxxxxxxxxxxxx20.0
Sales/Revenue xxxxxxxxxxxxxxx5,278.0 M
Book Value Per Share xxxxxxxxxxxxxxx1,823.2
Net Operating Cash Flow xxxxxxxxxxxxxxx1,449.0 M
Net Profit Margin xxxxxxxxxxxxxxx2.37 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx3.56 %
Return on Invested Capital xxxxxxxxxxxxxxx1.64 %
Return on Assets xxxxxxxxxxxxxxx1.21 %
Return on Equity xxxxxxxxxxxxxxx3.56 %
Return on Total Capital xxxxxxxxxxxxxxx5.04 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-2,613.0 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 xxxxxxxxxxxxxxx255 M
Long Term Debt xxxxxxxxxxxxxxx5,081 M
Total Debt xxxxxxxxxxxxxxx5,336 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx908 M
Price To Book Value xxxxxxxxxxxxxxx2.96

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx4,135.0 M
Capex % of Sales xxxxxxxxxxxxxxx78.34 %
Cost of Goods Sold xxxxxxxxxxxxxxx3,308 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,575 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx249 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

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

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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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

01/08/2025

5

Downgrade to Underperform from Neutral

$29.00

-14.66%

Macquarie downgrades Mineral Resources to Underperform from Neutral. Target price rises to $29 from $22 on improved lithium costs and earnings outlook.

The analyst highlights risks around the Pilbara Hub, which is viewed as under threat if iron ore prices fall below US$90/t, as forecast by the broker over FY26/FY27.

The 4Q25 report showed across-the-board better-than-expected results, with Onslow shipments above by 4%, Pilbara Hub by 5%, Mt Marion by 6%, and Wodgina by 4%. FY25 guidance for Onslow was in line with the analyst's forecast.

Net debt came in $0.2bn better than anticipated, and management pointed to FY26 capex of around -$1bn.

Macquarie lifts its EPS estimate by 24% for FY25 and lowers FY26 by -20%.

FORECAST
Macquarie forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -121.80 cents.
Macquarie forecasts a full year FY26 dividend of 0.00 cents and EPS of 63.70 cents.

Morgans

xx/xx/xxxx

3

xxxxxxx xx xxxx xxxx xxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

1

xxx

$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

Jarden

04/08/2025

5

Sell

$14.60

-57.03%

Mineral Resources' June quarterly showed a decline in liquidity and cash balance, prompting Jarden to assess the balance sheet as stressed. Shipments largely met the broker's forecasts but realised prices were weak.

FY25 accounts are expected to be messy mainly due to several asset impairments. FY25 guidance for Onslow shipment was marginally higher than the broker's forecast but group capex of -$1.15bn was $200m higher.

Sell retained, though the broker believes an optimistic narrative can be built around the strengthened boardroom, governance and disclosure, and the peaking in net debt/EBITDA ratio.

Target cut to $14.60 from $16.20 mainly on higher capex and increased capitalisation of what may previously have been operating costs.

FORECAST
Jarden forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -146.30 cents.
Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -4.90 cents.
Access Extra Coverage Research History >

MIN STOCK CHART

FNArena News on MIN

1
July In Review: Rotation Into A New All-Time High

Aug 06 2025 - Australia
2
Australian Broker Call *Extra* Edition – Aug 04, 2025

Aug 04 2025 - Daily Market Reports
3
Weekly Ratings, Targets, Forecast Changes – 01-08-25

Aug 04 2025 - Weekly Reports
4
Execution Remains Key For Mineral Resources

Aug 01 2025 - Commodities
5
Material Matters: Commodities And Tariffs, Chinese Steel, Critical Minerals

Jul 08 2025 - Commodities

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