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

$53.66

02 Jul
2024

-1.280

OPEN

$55.05

-2.33%

HIGH

$55.40

907,237

LOW

$52.88

TARGET
$69.929 30.3% 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 75.8 xxx
DPS (cps) xxx 190.0 20.2 xxx
EPS Growth xxx - 31.1% - 40.5% xxx
DPS Growth xxx 90.0% - 89.4% xxx
PE Ratio xxx N/A 73.0 xxx
Dividend Yield xxx N/A 0.4% xxx
Div Pay Ratio(%) xxx 149.2% 26.7% xxx

Dividend yield today if purchased 3 years ago: 3.42%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.43

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 xxxxxxxxxxxxxxx127.4
DPS All xxxxxxxxxxxxxxx190.0
Sales/Revenue xxxxxxxxxxxxxxx4,779.1 M
Book Value Per Share xxxxxxxxxxxxxxx1,800.7
Net Operating Cash Flow xxxxxxxxxxxxxxx1,353.7 M
Net Profit Margin xxxxxxxxxxxxxxx5.09 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx7.26 %
Return on Invested Capital xxxxxxxxxxxxxxx3.79 %
Return on Assets xxxxxxxxxxxxxxx3.00 %
Return on Equity xxxxxxxxxxxxxxx7.26 %
Return on Total Capital xxxxxxxxxxxxxxx24.74 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-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 xxxxxxxxxxxxxxx95 M
Long Term Debt xxxxxxxxxxxxxxx3,139 M
Total Debt xxxxxxxxxxxxxxx3,234 M
Goodwill - Gross xxxxxxxxxxxxxxx0 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,379 M
Price To Book Value xxxxxxxxxxxxxxx3.97

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx1,820.9 M
Capex % of Sales xxxxxxxxxxxxxxx38.10 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,025 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,127 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx302 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

0.4

No. Of Recommendations

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

UBS

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

24/06/2024

3

Downgrade to Neutral from Outperform

$62.00

15.54%

Macquarie has updated commodity forecasts and retains an overweight view on aluminum, nickel and met coal with an underweight view of iron ore, lithium and thermal coal.

The forecast price declines for lithium have a material impact on the broker's earnings forecasts, and valuation for stocks under coverage in the sector.

For Mineral Resources, heightened financial leverage, along with higher operationally levered iron ore operations, leads to a $62 target, down from $75. The rating is downgraded to Neutral from Outperform.

FORECAST
Macquarie forecasts a full year FY24 dividend of 30.00 cents and EPS of 104.00 cents.
Macquarie forecasts a full year FY25 dividend of 20.00 cents and EPS of 21.20 cents.

Morgans

xx/xx/xxxx

3

xxxx

$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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Access Stockbroker Research History >

MIN STOCK CHART

FNArena News on MIN

1
June In Review: FY24 Another Double Digit Return

2:50 PM - Australia
2
Weekly Ratings, Targets, Forecast Changes – 28-06-24

Jul 01 2024 - Weekly Reports
3
Rudi’s View: Copper, Lithium, Retailers & TechnologyOne

Jun 27 2024 - Rudi's View
4
Rudi’s View: Traditional Value Is A Flawed Narrative

Jun 26 2024 - Rudi's View
5
In Case You Missed It – BC Extra Upgrades & Downgrades – 14-06-24

Jun 14 2024 - Weekly Reports

Latest Iron Ore News

1
Rudi’s View: Copper, Lithium, Retailers & TechnologyOne

Jun 27 2024 - Rudi's View
2
Deterra Seeks Growth Through Diversification

Jun 18 2024 - Small Caps
3
ESG Focus: The Little Big Things – 15-05-2024

May 15 2024 - ESG Focus
4
Fortescue: Ready To Rally

Mar 26 2024 - Technicals
5
ESG Focus: Grid Set To Enter An Iron Age

Sep 21 2023 - ESG Focus
6
Mineral Resources: Downturn Complete

Jul 04 2023 - Technicals
7
Bullish On Grange Resources

Jan 17 2023 - Technicals
8
Iron Ore: Keep Watch

Dec 08 2022 - Technicals
9
Upside For Fortescue

Dec 06 2022 - Technicals
10
Fortescue’s Decarbonisation Plan To Impact Dividends

Sep 26 2022 - ESG Focus