DETERRA ROYALTIES LIMITED (DRR)
Share Price Analysis and Chart

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DRR - DETERRA ROYALTIES LIMITED

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

Deterra Royalties is an Australian resource royalty investment company. The company was demerged from Iluka Resources and listed on the ASX in 2020. Its cornerstone asset is the MAC Royalty, a royalty over iron ore produced from specific tenements of BHP's Mining Area C in Western Australia.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.91

22 Sep
2023

-0.010

OPEN

$4.83

-0.20%

HIGH

$4.92

2,236,539

LOW

$4.82

TARGET
$4.56 -7.1% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
BCI . CIA . FMG . GEN . GRR . MGX . MIN .
FNARENA'S MARKET CONSENSUS FORECASTS
DRR: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 28.9 31.1 xxx
DPS (cps) xxx 28.9 30.9 xxx
EPS Growth xxx - 14.6% 7.9% xxx
DPS Growth xxx - 14.5% 7.1% xxx
PE Ratio xxx N/A 15.8 xxx
Dividend Yield xxx N/A 6.3% xxx
Div Pay Ratio(%) xxx 100.0% 99.3% xxx

Dividend yield today if purchased 3 years ago: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.88

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: 22/08 - ex-div 16.85c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 2019202120222023
EPS Basic xxxxxxxxx28.9
DPS All xxxxxxxxx28.9
Sales/Revenue xxxxxxxxx229.3 M
Book Value Per Share xxxxxxxxx17.4
Net Operating Cash Flow xxxxxxxxx182.3 M
Net Profit Margin xxxxxxxxx66.50 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 2019202120222023
Return on Capital Employed xxxxxxxxx144.67 %
Return on Invested Capital xxxxxxxxx144.47 %
Return on Assets xxxxxxxxx113.48 %
Return on Equity xxxxxxxxx144.67 %
Return on Total Capital xxxxxxxxx207.34 %
Free Cash Flow ex dividends xxxxxxxxx2.1 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 2019202120222023
Short-Term Debt xxxxxxxxx0 M
Long Term Debt xxxxxxxxx0 M
Total Debt xxxxxxxxx0 M
Goodwill - Gross xxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxx29 M
Price To Book Value xxxxxxxxx26.39

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 2019202120222023
Capex xxxxxxxxx0.1 M
Capex % of Sales xxxxxxxxx0.04 %
Cost of Goods Sold xxxxxxxxx9 M
Selling, General & Admin. Exp & Other xxxxxxxxx1 M
Research & Development xxxxxxxxx-
Investments - Total xxxxxxxxx-

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

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

1

xxxxxxx xx xxxxxxxxxx xxxx xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

4

xxxxxxx

$xx.xx

xx.xx%

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UBS

17/08/2023

5

Sell

$3.90

-20.57%

On UBS's assessment, Deterra Royalties' FY23 result met its own forecasts, but slightly missed consensus on revenues, net profit and the dividend. Those misses are small, though.

While management is preparing for acquisitions, also inceasing the bilateral credit facility by $150m to $500m, UBS remains concerned about lower iron ore prices and their impact for royalties.

Thus the broker retains its Sell rating. Price target falls to $3.90 from $4.10.

FORECAST
UBS forecasts a full year FY24 dividend of 28.00 cents and EPS of 28.00 cents.
UBS forecasts a full year FY25 dividend of 23.00 cents and EPS of 23.00 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial
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DRR STOCK CHART

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