MINERAL RESOURCES LIMITED (MIN)
Share Price Analysis and Chart

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MIN

MIN - MINERAL RESOURCES LIMITED

FNArena Sector : Iron Ore
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 5.22
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Mineral Resources is an Australian diversified mining services company. Its operations include construction, crushing and transport services. It has been a listed company since 2006. Key operations involve iron ore and lithium.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$18.04

14 Apr
2025

1.370

OPEN

$17.18

8.22%

HIGH

$18.10

2,820,133

LOW

$17.13

TARGET
$27.814

-0.41 change from previous day

 54.2% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ARI . BCI . CIA . DRR . FEX . FMG . GEN . GRR . MGX .
FNARENA'S MARKET CONSENSUS FORECASTS
MIN: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 64.0 - 102.2 xxx
DPS (cps) xxx 20.0 0.0 xxx
EPS Growth xxx - 49.8% N/A xxx
DPS Growth xxx - 89.5% N/A xxx
PE Ratio xxx N/A N/A xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx 31.3% N/A xxx

Dividend yield today if purchased 3 years ago: 0.32%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.10

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: 01/03 - ex-div 20c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx64.0
DPS All xxxxxxxxxxxxxxx20.0
Sales/Revenue xxxxxxxxxxxxxxx5,278.0 M
Book Value Per Share xxxxxxxxxxxxxxx1,823.2
Net Operating Cash Flow xxxxxxxxxxxxxxx1,449.0 M
Net Profit Margin xxxxxxxxxxxxxxx2.37 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx3.56 %
Return on Invested Capital xxxxxxxxxxxxxxx1.64 %
Return on Assets xxxxxxxxxxxxxxx1.21 %
Return on Equity xxxxxxxxxxxxxxx3.56 %
Return on Total Capital xxxxxxxxxxxxxxx5.04 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-2,613.0 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx255 M
Long Term Debt xxxxxxxxxxxxxxx5,081 M
Total Debt xxxxxxxxxxxxxxx5,336 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx908 M
Price To Book Value xxxxxxxxxxxxxxx2.96

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx4,135.0 M
Capex % of Sales xxxxxxxxxxxxxxx78.34 %
Cost of Goods Sold xxxxxxxxxxxxxxx3,308 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,575 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx249 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

0.7

No. Of Recommendations

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

09/04/2025

3

Neutral

$20.00

10.86%

Citi expects lithium demand to be hurt due to downside risk for global auto sales in a recessionary backdrop from US President Trump's reciprocal tariffs. Additional headwind is a likely drop in ESS demand as China exported 20% of ESS battery to the US.

The broker cut the long-term price for lithium to US$1,400/t from US$1,500 while expecting rangebound prices this year with a 0-3 month target of US$850/t.

The analyst has lowered the target price for all lithium-exposed stocks.

No change to Mineral Resources' Neutral rating. Target cut to $20 from $28.

FORECAST
Citi forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -90.50 cents.
Citi forecasts a full year FY26 dividend of 0.00 cents and EPS of 61.10 cents.

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$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

5

xxxxxxxxx xx xxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Jarden

13/04/2025

4

Upgrade to Underweight from Sell

$16.20

-10.20%

Jarden expects Mineral Resources to downgrade FY25 guidance and in anticipation, lowered forecasts for shipment volumes and mining services.

Trucking haulage is the key issue, and the broker would like more disclosure on the underlying cause of truck rollovers, truck speeds etc.

March and June quarter forecasts have been downgraded, and the broker's revised FY25 shipment forecast is -11% below the lower bound of the company's guidance.

The analyst considers scenarios of Onslow proving to be a lower 25mtpa or 30mpta project. In the first scenario, the broker sees valuation fall to $13.30/share and in the second to $9.70/share. For now, the broker is maintaining an estimate for 30mt production in FY26, but sees risks skewed to the downside.

Target price cut to $16.20 from $20.00. Rating upgraded to Underweight from Sell.

FORECAST
Jarden forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -161.90 cents.
Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -46.70 cents.
Access Extra Coverage Research History >

MIN STOCK CHART

FNArena News on MIN

1
Australian Broker Call *Extra* Edition – Apr 14, 2025

Apr 14 2025 - Daily Market Reports
2
Next Week At A Glance – 14-17 Apr 2025

Apr 11 2025 - Weekly Reports
3
March In Review: Gold Shines As Tech Suffers

Apr 03 2025 - Australia
4
Next Week At A Glance – 31 Mar – 4 April, 2025

Mar 28 2025 - Weekly Reports
5
Rudi’s View: Captive & Uncomfortable

Mar 26 2025 - Rudi's View

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