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: 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

$34.71

20 Nov
2024

-0.140

OPEN

$35.02

-0.40%

HIGH

$36.36

2,194,985

LOW

$34.44

TARGET
$43.857 26.4% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ARI . BCI . CIA . DRR . FEX . FMG . GEN . GRR . MGX . RHK .
FNARENA'S MARKET CONSENSUS FORECASTS
MIN: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 64.0 - 91.8 xxx
DPS (cps) xxx 0.0 1.8 xxx
EPS Growth xxx - 49.8% N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A N/A xxx
Dividend Yield xxx N/A 0.1% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

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

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx64.0
DPS All xxxxxxxxxxxxxxx0.0
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

0.1

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Bell Potter

14/11/2024

1

Buy

$61.00

75.74%

Bell Potter highlights Bald Hill is Mineral Resources' highest-cost lithium mine, including sustaining capital costs, following management’s decision to transition the mine to care and maintenance.

The broker notes shipped SC6 volumes in FY25 will now fall to approximately 60kt, down from prior guidance of 120-145kt SC6 equivalent.

The Buy rating is maintained, and the target price is reduced to $61.00 from $61.50.

FORECAST
Bell Potter forecasts a full year FY25 dividend of 10.90 cents and EPS of minus -134.40 cents.
Bell Potter forecasts a full year FY26 dividend of 103.70 cents and EPS of 207.40 cents.

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

5

xxxx

$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

3

xxxxxxx

$xx.xx

xx.xx%

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Jarden

04/11/2024

5

Sell

$31.20

-10.11%

Jarden notes Mineral Resources sold its Perth Basin gas assets to Hancock Prospecting for up to $1.1bn, with an upfront payment of $804m.

However, production delays and a weaker spodumene market led to a -24% downgrade in FY25 earnings (EBITDA) forecasts.

The gas transaction provides a liquidity boost but leaves longer-term balance sheet challenges unresolved, highlights the broker.

Jarden reduces the target price to $31.20 from $32.00 and retains a Sell rating.

FORECAST
Jarden forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -142.70 cents.
Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -217.10 cents.
Access Extra Coverage Research History >

MIN STOCK CHART

FNArena News on MIN

1
Rudi’s View: The Importance Of ‘Quality’ Growth

3:18 PM - Rudi's View
2
ESG Focus: The Little Big Things – 21-11-2024

11:57 AM - ESG Focus
3
Next Week At A Glance -18-22 Nov 2024

Nov 15 2024 - Weekly Reports
4
Rudi’s View: A Rally With No Earnings Support

Nov 14 2024 - Rudi's View
5
Weekly Ratings, Targets, Forecast Changes – 08-11-24

Nov 11 2024 - Weekly Reports

Latest Iron Ore News

1
Fortescue Looks Poised

Nov 05 2024 - Technicals
2
Quality Ore Elevates A Champion

Oct 10 2024 - ESG Focus
3
The Downs And Ups Of Mineral Resources

Sep 19 2024 - Commodities
4
Fortescue Shares Oversold

Jul 09 2024 - Technicals
5
Rudi’s View: Copper, Lithium, Retailers & TechnologyOne

Jun 27 2024 - Rudi's View
6
Deterra Seeks Growth Through Diversification

Jun 18 2024 - Small Caps
7
ESG Focus: The Little Big Things – 15-05-2024

May 15 2024 - ESG Focus
8
Fortescue: Ready To Rally

Mar 26 2024 - Technicals
9
ESG Focus: Grid Set To Enter An Iron Age

Sep 21 2023 - ESG Focus
10
Mineral Resources: Downturn Complete

Jul 04 2023 - Technicals