RIO TINTO LIMITED (RIO)
Share Price Analysis and Chart

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RIO - RIO TINTO LIMITED

FNArena Sector : Bulks
Year End: December
GICS Industry Group : Materials
Debt/EBITDA: 0.54
Index: ASX20 | ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Rio Tinto is an Anglo-Australian multinational and the world's second largest metals and mining company behind BHP. It produces iron ore, copper, diamonds, gold, titanium dioxide and zircon, uranium, and more. It has been a listed entity since 1962.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$125.04

30 Nov
2023

0.460

OPEN

$124.50

0.37%

HIGH

$125.60

2,191,974

LOW

$124.00

TARGET
$119.75 -4.2% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
BHP .
FNARENA'S MARKET CONSENSUS FORECASTS
RIO: 1
Title FY23
Forecast		 FY24
Forecast
EPS (cps) 1056.5 xxx
DPS (cps) 613.4 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 11.8 xxx
Dividend Yield 4.9% xxx
Div Pay Ratio(%) 58.1% xxx
This company reports in USD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 7.08%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.95

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: 10/08 - ex-div 260.89c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx1,106.1
DPS All xxxxxxxxxxxxxxx723.1
Sales/Revenue xxxxxxxxxxxxxxx80,137.7 M
Book Value Per Share xxxxxxxxxxxxxxx4,568.1
Net Operating Cash Flow xxxxxxxxxxxxxxx23,880.9 M
Net Profit Margin xxxxxxxxxxxxxxx22.36 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx24.76 %
Return on Invested Capital xxxxxxxxxxxxxxx20.12 %
Return on Assets xxxxxxxxxxxxxxx12.61 %
Return on Equity xxxxxxxxxxxxxxx24.76 %
Return on Total Capital xxxxxxxxxxxxxxx25.09 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-2,772.5 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 201720182019202020212022
Short-Term Debt xxxxxxxxxxxxxxx1,792 M
Long Term Debt xxxxxxxxxxxxxxx16,303 M
Total Debt xxxxxxxxxxxxxxx18,095 M
Goodwill - Gross xxxxxxxxxxxxxxx23,555 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx13,176 M
Price To Book Value xxxxxxxxxxxxxxx2.55

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201720182019202020212022
Capex xxxxxxxxxxxxxxx9,737.0 M
Capex % of Sales xxxxxxxxxxxxxxx12.15 %
Cost of Goods Sold xxxxxxxxxxxxxxx53,793 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx2,304 M
Research & Development xxxxxxxxxxxxxxx110 M
Investments - Total xxxxxxxxxxxxxxx5,462 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

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgans

18/10/2023

1

Add

$123.00

-1.63%

Morgans assesses a strong 3Q operational result from Rio Tinto with production across most assets in line or slightly above expectations held by both consensus and the broker.

Quarter-on-quarter, production increased for the iron ore, copper, and aluminium divisions.

FY23 production guidance for the Canadian iron ore joint venture IOC was lowered by around -10%, though this had limited impact on the overall picture. Management expects Pilbara iron ore shipments in the upper half of 2023 guidance.

All other FY23 production and cost guidances were maintained. Morgans rating of Add and $123 target are unchanged, after minor forecast changes.

FORECAST
Morgans forecasts a full year FY23 dividend of 594.54 cents and EPS of 1006.49 cents.
Morgans forecasts a full year FY24 dividend of 635.28 cents and EPS of 1059.30 cents.

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

RIO STOCK CHART

FNArena News on RIO

1
Next Week At A Glance – 4-8 Dec 2023

Dec 01 2023 - Weekly Reports
2
ESG Focus: The Little Big Things – 30-11-2023

Nov 30 2023 - ESG Focus
3
Rudi’s View: All-Weather Portfolio In 2023

Nov 29 2023 - Rudi's View
4
ESG Focus: The Little Big Things – 23-11-2023

Nov 23 2023 - ESG Focus
5
In Brief: House Prices, REITs, Commodities & Superannuation 

Nov 17 2023 - Weekly Reports

Latest Bulks News

1
ESG Focus: Grid Set To Enter An Iron Age

Sep 21 2023 - ESG Focus
2
Iron Ore: Uptrend

Sep 20 2023 - Technicals
3
ESG Focus: The Little Big Things – 14-09-2023 – IGO, Rio, BHP, Santos, Woodside

Sep 18 2023 - ESG Focus
4
Rudi Interviewed: Have Cash, Can Be Patient

Aug 10 2023 - Rudi's View
5
Organic And Inorganic Opportunities For Coronado

Jul 24 2023 - Australia
6
Whitehaven Coal Rebounds But Risks Rise

Jul 20 2023 - Australia
7
Iron Ore: Remain Neutral

Jul 12 2023 - Technicals
8
Mineral Resources: Downturn Complete

Jul 04 2023 - Technicals
9
Rio Tinto Bottoming Out

May 30 2023 - Technicals
10
Iron Ore: Look For Opportunity

May 17 2023 - Technicals