DETERRA ROYALTIES LIMITED (DRR)
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DRR

DRR - DETERRA ROYALTIES LIMITED

FNArena Sector : Iron Ore
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 0
Index: ASX200 | ASX300 | ALL-ORDS

Deterra Royalties is an Australian resource royalty investment company. The company was demerged from Iluka Resources and listed on the ASX in 2020. Its cornerstone asset is the MAC Royalty, a royalty over iron ore produced from specific tenements of BHP's Mining Area C in Western Australia.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.61

24 Mar
2025

0.040

OPEN

$3.57

1.12%

HIGH

$3.61

1,423,234

LOW

$3.56

TARGET
$4.27 18.3% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ARI . BCI . CIA . FEX . FMG . GEN . GRR . MGX . MIN .
FNARENA'S MARKET CONSENSUS FORECASTS
DRR: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 29.3 31.5 xxx
DPS (cps) xxx 29.3 23.2 xxx
EPS Growth xxx 1.6% 7.5% xxx
DPS Growth xxx 1.5% - 20.9% xxx
PE Ratio xxx N/A 11.5 xxx
Dividend Yield xxx N/A 6.4% xxx
Div Pay Ratio(%) xxx 100.0% 73.5% xxx

Dividend yield today if purchased 3 years ago: 6.27%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 8.20

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: 27/08 - ex-div 14.40c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 20192021202220232024
EPS Basic xxxxxxxxxxxx29.3
DPS All xxxxxxxxxxxx29.3
Sales/Revenue xxxxxxxxxxxx240.5 M
Book Value Per Share xxxxxxxxxxxx15.2
Net Operating Cash Flow xxxxxxxxxxxx169.6 M
Net Profit Margin xxxxxxxxxxxx64.40 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 20192021202220232024
Return on Capital Employed xxxxxxxxxxxx179.59 %
Return on Invested Capital xxxxxxxxxxxx179.05 %
Return on Assets xxxxxxxxxxxx140.26 %
Return on Equity xxxxxxxxxxxx179.59 %
Return on Total Capital xxxxxxxxxxxx262.68 %
Free Cash Flow ex dividends xxxxxxxxxxxx1.7 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 20192021202220232024
Short-Term Debt xxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxx0 M
Total Debt xxxxxxxxxxxx0 M
Goodwill - Gross xxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxx31 M
Price To Book Value xxxxxxxxxxxx26.25

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 20192021202220232024
Capex xxxxxxxxxxxx0.1 M
Capex % of Sales xxxxxxxxxxxx0.04 %
Cost of Goods Sold xxxxxxxxxxxx10 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxx4 M
Research & Development xxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxx0 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

0.6

No. Of Recommendations

5
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

1

xxx

$xx.xx

xx.xx%

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Macquarie

25/02/2025

1

Outperform

$4.40

21.88%

Deterra Royalties delivered first half earnings that were in line with Macquarie's estimates. The gold offtake generated a $7m net margin for the period that offset the impact of weaker iron ore prices.

Cash flow did miss the broker's forecast, affected by higher payments to suppliers as well as interest. Net debt finished 2024 at $308m, within targeted leverage ranges.

Macquarie reduces EPS estimates by -5% for FY25 and -3% for FY26. Target is steady at $4.40. Outperform.

FORECAST
Macquarie forecasts a full year FY25 dividend of 21.40 cents and EPS of 29.50 cents.
Macquarie forecasts a full year FY26 dividend of 21.60 cents and EPS of 28.80 cents.

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

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

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Canaccord Genuity

04/11/2024

1

Buy

$4.70

30.19%

Deterra Royalties reported 1Q25 revenue of $53m which was below Canaccord Genuity's expectations due to lower realised iron ore prices and a decline in Trident gold offtake revenue.

The broker highlights Deterra's main income remains from BHP Group's ((BHP)) Mining Area C, contributing 96% of revenue.

The broker made minor revisions to its iron ore price forecast, expecting US$98/t in FY25, while longer-term growth may come from royalties at Thacker Pass, supported by recent funding milestones.

Management lowered FY25 EBITDA guidance by -3%. Buy rating and $4.70 target price unchanged.

FORECAST
Canaccord Genuity forecasts a full year FY25 dividend of 12.00 cents and EPS of 24.00 cents.
Canaccord Genuity forecasts a full year FY26 dividend of 11.00 cents and EPS of 21.00 cents.
Access Extra Coverage Research History >

DRR STOCK CHART

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