DETERRA ROYALTIES LIMITED (DRR)
Share Price Analysis and Chart

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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

$3.95

07 Oct
2024

0.030

OPEN

$3.91

0.77%

HIGH

$3.97

555,660

LOW

$3.90

TARGET
$4.37 10.6% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ARI . BCI . CIA . FEX . FMG . GEN . GRR . MGX . MIN . RHK .
FNARENA'S MARKET CONSENSUS FORECASTS
DRR: 1
Title FY23
Actual
FY24
Actual
FY25
Forecast
FY26
Forecast
EPS (cps) xxx 29.3 30.3 xxx
DPS (cps) xxx 29.3 19.5 xxx
EPS Growth xxx 1.6% 3.3% xxx
DPS Growth xxx 1.5% - 33.4% xxx
PE Ratio xxx N/A 12.8 xxx
Dividend Yield xxx N/A 5.0% xxx
Div Pay Ratio(%) xxx 100.0% 64.4% xxx

Dividend yield today if purchased 3 years ago: 7.77%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

7.53

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 © 2024 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

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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Macquarie

16/09/2024

1

Upgrade to Outperform from Neutral

$4.20

6.33%

Macquarie updates forecasts for the latest commodity price outlook from Macquarie Economics and Commodities Strategy.

The broker believes there is ongoing iron ore oversupply, concluding the market will remain weak for the next six to twelve months as Onslow ramps up and Chinese steel mills reduce pig iron.

Macquarie prefers met coal and views that prices are starting to bottom. Regarding manganese, the broker highlights disappointing demand on recent price performance and headwinds to be sustained over the rest of 2024.

Deterra Royalties is upgraded to Outperform from Neutral. Target price lifts 8% to $4.20.

FORECAST
Macquarie forecasts a full year FY25 dividend of 22.50 cents and EPS of 28.10 cents.
Macquarie forecasts a full year FY26 dividend of 20.90 cents and EPS of 26.20 cents.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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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

xxxxxxx xx xxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Canaccord Genuity

19/06/2024

3

Hold

$5.30

34.18%

Deterra Royalties announced a cash offer to acquire Trident Royalties for -GBP144m ($276m), funded via a GBP150m bridge loan.

Canaccord Genuity notes Trident's portfolio is primarily exposed to lithium and includes royalties and streams generating free cash flow, expected to diversify Deterra Royalties' earnings.

However, this acquisition may impact on future dividend yield, as the dividend policy changes to 50% of net profit payout, highlights the broker.

The Hold rating is retained and $5.30 target price are unchanged.

DRR STOCK CHART