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: 1.18
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

$4.19

27 Aug
2025

0.100

OPEN

$4.10

2.44%

HIGH

$4.19

1,933,231

LOW

$4.07

TARGET
$4.08 -2.6% 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 FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 29.4 29.6 xxx
DPS (cps) xxx 22.0 21.7 xxx
EPS Growth xxx 0.5% 0.5% xxx
DPS Growth xxx - 24.9% - 1.4% xxx
PE Ratio xxx N/A 14.1 xxx
Dividend Yield xxx N/A 5.2% xxx
Div Pay Ratio(%) xxx 74.7% 73.3% xxx

Dividend yield today if purchased 3 years ago: 5.18%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.26

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 201920212022202320242025
EPS Basic xxxxxxxxxxxxxxx29.4
DPS All xxxxxxxxxxxxxxx22.0
Sales/Revenue xxxxxxxxxxxxxxx263.4 M
Book Value Per Share xxxxxxxxxxxxxxx23.6
Net Operating Cash Flow xxxxxxxxxxxxxxx134.9 M
Net Profit Margin xxxxxxxxxxxxxxx59.10 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx151.89 %
Return on Invested Capital xxxxxxxxxxxxxxx62.19 %
Return on Assets xxxxxxxxxxxxxxx50.80 %
Return on Equity xxxxxxxxxxxxxxx151.89 %
Return on Total Capital xxxxxxxxxxxxxxx97.34 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx12.1 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 201920212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxxxxx295 M
Total Debt xxxxxxxxxxxxxxx295 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx24 M
Price To Book Value xxxxxxxxxxxxxxx15.95

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920212022202320242025
Capex xxxxxxxxxxxxxxx1.9 M
Capex % of Sales xxxxxxxxxxxxxxx0.73 %
Cost of Goods Sold xxxxxxxxxxxxxxx6 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx13 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx86 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

0.4

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

23/06/2025

1

Buy

$4.30

2.63%

Ord Minnett has revised its commodity price forecasts, with the biggest downgrades made to lithium price forecasts. Among others, gold price forecasts lifted for 2025-27 by 7-10%, and iron ore, coking coal and uranium price estimates raised for 2025.

The broker cut aluminium and nickel price forecasts for 2025-27, and the copper price for 2026.

The analyst cut Deterra Royalties' FY25 EPS forecast by -1% and FY26 by -6%.

Buy. Target unchanged at $4.30.

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx 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

Canaccord Genuity

21/08/2025

1

Buy

$5.00

19.33%

Deterra Royalties delivered FY25 underlying earnings (EBITDA) of $250m, above Canaccord Genuity's $220m estimate and consensus at $236m.

These 'beats' were driven by record South Flank volumes and a $20m capacity payment on the MAC royalty, explains the broker.

Statutory earnings were $238m after Trident (lithium) financing costs, while underlying profit of $160m was ahead of Canaccord’s $145m forecast and broadly in line with consensus.

A final dividend of 13c takes full year dividends to 22c, with the payout ratio lifted to 75% from 50%.

Net debt of $271m equates to gearing of 10%, within management's 0-15% target. The broker expects further de-levering supported by possible asset sales such as the gold offtake.

On updated lithium price forecasts, Canaccord estimates royalties of around $20m annually from FY28 for Trident, growing to circa $55m by FY32, representing 30% of group revenues.

Canaccord raises its target price to $5.00 from $4.90 and maintains a Buy rating.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 11.00 cents and EPS of 22.00 cents.
Canaccord Genuity forecasts a full year FY27 dividend of 11.00 cents and EPS of 22.00 cents.
Access Extra Coverage Research History >

DRR STOCK CHART

FNArena News on DRR

1
Weekly Ratings, Targets, Forecast Changes – 22-08-25

Aug 25 2025 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Aug 21, 2025

Aug 21 2025 - Daily Market Reports
3
FNArena Corporate Results Monitor – 20-08-2025

Aug 20 2025 - Australia
4
Rudi’s View: The AI Promise Is Broadening

Jun 11 2025 - Rudi's View
5
Australian Broker Call *Extra* Edition – May 08, 2025

May 08 2025 - Daily Market Reports

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