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

$4.34

07 Aug
2025

0.040

OPEN

$4.30

0.93%

HIGH

$4.34

1,352,434

LOW

$4.28

TARGET
$4.12

+0.03 change from previous day

 -5.1% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ARI . 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 29.5 xxx
DPS (cps) xxx 29.3 22.7 xxx
EPS Growth xxx 1.6% 0.7% xxx
DPS Growth xxx 1.5% - 22.5% xxx
PE Ratio xxx N/A 14.8 xxx
Dividend Yield xxx N/A 5.2% xxx
Div Pay Ratio(%) xxx 100.0% 76.9% xxx

Dividend yield today if purchased 3 years ago: 6.44%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.70

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

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Citi

23/06/2025

1

Buy

$4.40

1.38%

In the latest quarterly commodity update, Citi made the biggest change to lithium price forecasts, down by -15% to -20% over the next three years. The analyst lowers the spodumene estimates by -13% for 2025, -27% for 2026, and -20% for 2027, and chemicals by a similar amount.

The 0-3 month iron ore price forecast lowered to US$90/t from US$100/t, and 6-12 price to US$85/t from US$90/t. Alumina forecast is down -8% for 2025 while U308, thermal and coking coal are largely unchanged. 

Gold price forecast is lifted 2% for 2025, but lowered -2% for 2026-27. 

The broker trimmed FY26-27 EBITDA forecasts for Deterra Royalties by -5% on lower iron price forecasts. Target price cut to $4.40 from $4.50. Buy retained.

FORECAST
Citi forecasts a full year FY25 dividend of 25.00 cents and EPS of 28.00 cents.
Citi forecasts a full year FY26 dividend of 20.00 cents and EPS of 29.00 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial

UBS

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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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

Canaccord Genuity

08/05/2025

1

Buy

$4.90

12.90%

Deterra Royalties reported March quarter royalty revenue of $61.9m, in line with Canaccord Genuity's expectations, and 90% derived from the Mining Area C iron ore royalty.

Canaccord incorporates higher near-term iron ore forecasts and lower lithium chemical pricing in its model, noting the latter has limited impact on short-term earnings.

Managements notes funding secured by Lithium Americas for the Thacker Pass project which reduces financing risk for Deterra’s Trident royalty, and represents an estimated 10% of the group's net asset value, the broker explains.

Buy rating retained with a $4.90 target price unchanged.

FORECAST
Canaccord Genuity forecasts a full year FY25 dividend of 16.00 cents and EPS of 27.00 cents.
Canaccord Genuity forecasts a full year FY26 dividend of 12.00 cents and EPS of 25.00 cents.
Access Extra Coverage Research History >

DRR STOCK CHART

FNArena News on DRR

1
Rudi’s View: The AI Promise Is Broadening

Jun 11 2025 - Rudi's View
2
Australian Broker Call *Extra* Edition – May 08, 2025

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Weekly Ratings, Targets, Forecast Changes – 18-04-25

Apr 22 2025 - Weekly Reports
4
In Case You Missed It – BC Extra Upgrades & Downgrades – 17-04-25

Apr 17 2025 - Weekly Reports
5
Australian Broker Call *Extra* Edition – Apr 14, 2025

Apr 14 2025 - Daily Market Reports

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