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: N/A
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

$4.81

16 Apr
2024

-0.030

OPEN

$4.78

-0.62%

HIGH

$4.83

1,312,760

LOW

$4.78

TARGET
$4.90 1.9% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
BCI . CIA . FMG . GEN . GRR . MGX . MIN . RHK .
FNARENA'S MARKET CONSENSUS FORECASTS
DRR: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx N/A 32.6 xxx
DPS (cps) xxx N/A 32.1 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 14.8 xxx
Dividend Yield xxx N/A 6.7% xxx
Div Pay Ratio(%) xxx N/A 98.3% xxx

Dividend yield today if purchased 3 years ago: 7.02%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

6.00

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: 22/02 - ex-div 14.89c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 2019202120222023
EPS Basic xxxxxxxxx28.9
DPS All xxxxxxxxx28.9
Sales/Revenue xxxxxxxxx229.3 M
Book Value Per Share xxxxxxxxx17.4
Net Operating Cash Flow xxxxxxxxx182.3 M
Net Profit Margin xxxxxxxxx66.50 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 2019202120222023
Return on Capital Employed xxxxxxxxx144.67 %
Return on Invested Capital xxxxxxxxx144.47 %
Return on Assets xxxxxxxxx113.48 %
Return on Equity xxxxxxxxx144.67 %
Return on Total Capital xxxxxxxxx207.34 %
Free Cash Flow ex dividends xxxxxxxxx2.1 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 2019202120222023
Short-Term Debt xxxxxxxxx0 M
Long Term Debt xxxxxxxxx0 M
Total Debt xxxxxxxxx0 M
Goodwill - Gross xxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxx29 M
Price To Book Value xxxxxxxxx26.39

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 2019202120222023
Capex xxxxxxxxx0.1 M
Capex % of Sales xxxxxxxxx0.04 %
Cost of Goods Sold xxxxxxxxx9 M
Selling, General & Admin. Exp & Other xxxxxxxxx1 M
Research & Development xxxxxxxxx-
Investments - Total xxxxxxxxx-

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.1

No. Of Recommendations

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

Ord Minnett

xx/xx/xxxx

4

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

19/03/2024

3

Neutral

$5.20

8.11%

Citi's general update on commodities sees plenty of opportunities without a genuine fresh bull market unfolding throughout the rest of 2024.

All in all, the broker argues, the bullish impact of easing monetary policy on commodities is likely to be kept in check by headwinds from sharply rising debt service burdens, recessionary conditions in mature economies, and only moderate policy easing in China.

Citi remains tactically bullish on copper, iron ore and zinc for the months ahead, upgrading its copper price forecasts and downgrading lithium price forecasts.

The updated assumptions have had no impact on ratings for individual companies in the sector, but valuations/price targets have been affected on relatively minor adjustments to forecasts.

Citi has lifted its price target for Deterra Royalties to $5.20 from $5. Neutral.

FORECAST
Citi forecasts a full year FY24 dividend of 31.00 cents and EPS of 30.90 cents.
Citi forecasts a full year FY25 dividend of 30.00 cents and EPS of 29.60 cents.

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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DRR STOCK CHART