MINERAL RESOURCES LIMITED (MIN)
Share Price Analysis and Chart

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MIN - MINERAL RESOURCES LIMITED

FNArena Sector : Iron Ore
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 1.56
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

$51.87

25 Jul
2024

-0.790

OPEN

$51.60

-1.50%

HIGH

$52.19

1,690,792

LOW

$51.32

TARGET
$69.929 34.8% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
BCI . CIA . DRR . FEX . FMG . GEN . GRR . MGX . RHK .
FNARENA'S MARKET CONSENSUS FORECASTS
MIN: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 127.4 67.5 xxx
DPS (cps) xxx 190.0 17.9 xxx
EPS Growth xxx - 31.1% - 47.0% xxx
DPS Growth xxx 90.0% - 90.6% xxx
PE Ratio xxx N/A 79.5 xxx
Dividend Yield xxx N/A 0.3% xxx
Div Pay Ratio(%) xxx 149.2% 26.5% xxx

Dividend yield today if purchased 3 years ago: 3.10%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.54

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 © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic 145.387.1533.0673.2184.9127.4
DPS All 65.044.0100.0275.0100.0190.0
Sales/Revenue 1,624.4 M1,512.0 M2,124.7 M3,733.6 M3,418.0 M4,779.1 M
Book Value Per Share 686.6726.71,206.11,702.21,715.41,800.7
Net Operating Cash Flow 411.4 M186.1 M594.6 M1,309.4 M279.8 M1,353.7 M
Net Profit Margin 16.77 %10.82 %47.24 %34.01 %10.22 %5.09 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed 22.70 %12.36 %55.36 %46.44 %10.86 %7.26 %
Return on Invested Capital 20.63 %8.38 %34.04 %32.71 %6.63 %3.79 %
Return on Assets 13.90 %6.24 %25.76 %24.22 %5.11 %3.00 %
Return on Equity 22.70 %12.36 %55.36 %46.44 %10.86 %7.26 %
Return on Total Capital 24.20 %15.64 %17.86 %40.03 %11.75 %24.74 %
Free Cash Flow ex dividends -17.2 M-656.2 M175.8 M292.9 M-773.1 M-760.4 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 201820192020202120222023
Short-Term Debt 64 M55 M101 M157 M129 M95 M
Long Term Debt 175 M1,082 M1,190 M1,105 M2,997 M3,139 M
Total Debt 239 M1,137 M1,291 M1,262 M3,126 M3,234 M
Goodwill - Gross 1 M1 M1 M1 M1 M0 M
Cash & Equivalents - Generic 240 M265 M1,522 M1,542 M2,428 M1,379 M
Price To Book Value 2.332.061.763.162.813.97

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex 342.1 M810.1 M390.9 M759.7 M999.9 M1,820.9 M
Capex % of Sales 21.06 %53.58 %18.40 %20.35 %29.25 %38.10 %
Cost of Goods Sold 613 M659 M959 M1,367 M1,528 M2,025 M
Selling, General & Admin. Exp & Other 655 M536 M621 M746 M1,250 M1,127 M
Research & Development ------
Investments - Total 118 M75 M42 M388 M161 M302 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

0.5

No. Of Recommendations

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

Morgans

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

5

xxxx

$xx.xx

(xx/xx/xxxx)

xx.xx%

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Ord Minnett

27/06/2024

2

Accumulate

$62.50

20.49%

It looks like the research whitelabeling agreement between Ord Minnett and Morningstar is being amended.

Today's update on the mining sector shows Mineral Resources is now rated Accumulate, with a price target of $62.50.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Bell Potter

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

5

xxxx

$xx.xx

xx.xx%

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Jarden

13/06/2024

5

Sell

$47.20

-9.00%

Mineral Resources has entered into a binding agreement to sell a -49% interest in the Onslow Iron haul road for $1.1bn cash, plus a potential contingent $200m payment.

The sale of the minority interest to Morgan Stanley Infrastructure Partners is subject to FIRB approval and "finalisation of project conditions", notes Jarden.

The broker retains a Sell rating due to valuation metrics, an over-geared balance sheet and governance concerns. The $47.20 target is unchanged.

FORECAST
Jarden forecasts a full year FY24 dividend of 45.00 cents and EPS of 186.30 cents.
Jarden forecasts a full year FY25 dividend of 60.00 cents and EPS of 252.40 cents.
Access Stockbroker Research History >

MIN STOCK CHART

FNArena News on MIN

1
Next Week At A Glance – 22-26 July 2024

Jul 19 2024 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Jul 18, 2024

Jul 18 2024 - Daily Market Reports
3
Rudi’s View: Rate Cuts, Growth & Small Caps

Jul 18 2024 - Rudi's View
4
Awaiting The Next Lithium Upswing

Jul 17 2024 - Feature Stories
5
Rudi’s View: Gold, Healthcare, Staples & Copper

Jul 11 2024 - Rudi's View

Latest Iron Ore News

1
Fortescue Shares Oversold

Jul 09 2024 - Technicals
2
Rudi’s View: Copper, Lithium, Retailers & TechnologyOne

Jun 27 2024 - Rudi's View
3
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Jun 18 2024 - Small Caps
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ESG Focus: The Little Big Things – 15-05-2024

May 15 2024 - ESG Focus
5
Fortescue: Ready To Rally

Mar 26 2024 - Technicals
6
ESG Focus: Grid Set To Enter An Iron Age

Sep 21 2023 - ESG Focus
7
Mineral Resources: Downturn Complete

Jul 04 2023 - Technicals
8
Bullish On Grange Resources

Jan 17 2023 - Technicals
9
Iron Ore: Keep Watch

Dec 08 2022 - Technicals
10
Upside For Fortescue

Dec 06 2022 - Technicals