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

$4.87

18 Apr
2024

0.060

OPEN

$4.84

1.25%

HIGH

$4.93

1,706,827

LOW

$4.83

TARGET
$4.90 0.6% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
BCI . CIA . FMG . GEN . GRR . MGX . MIN . RHK .
FNARENA'S MARKET CONSENSUS FORECASTS
DRR: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx N/A 32.4 xxx
DPS (cps) xxx N/A 31.9 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 14.9 xxx
Dividend Yield xxx N/A 6.6% xxx
Div Pay Ratio(%) xxx N/A 98.4% xxx

Dividend yield today if purchased 3 years ago: 7.04%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.99

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: 22/02 - ex-div 14.89c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 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

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

4

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

02/04/2024

1

Overweight

$5.60

14.99%

Morgan Stanley's commodities team updates forecasts and suggests investors focus on stocks with exposure to commodities that will benefit from lower interest rates and either supply discipline or supply disruptions.

The analysts see room for a bounce in iron ore prices and believe lithium share price valuations have potential to correct further.

For iron ore, the broker lower its 2Q 2024 price forecast to US$110/t on stronger shipments but sees prices rising from the 2H of 2024 due to cost support and normalising inventories.

Rio Tinto is Morgan Stanley's preferred exposure followed by Deterra Royalties, BHP Group and Fortescue.

The target for Deterra Royalties remains at $5.60. Overweight. Industry view is Attractive.

FORECAST
Morgan Stanley forecasts a full year FY24 dividend of 32.70 cents and EPS of 33.00 cents.
Morgan Stanley forecasts a full year FY25 dividend of 39.00 cents and EPS of 39.00 cents.

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

DRR STOCK CHART

FNArena News on DRR

1
Material Matters: Pressure On Dividends, Steel & Iron Ore

Apr 04 2024 - Commodities
2
Rudi’s View: Investor Worries, Gold, Westpac, and Conviction Buys

Apr 03 2024 - Rudi's View
3
And Now For Something Different: Royalties

Apr 02 2024 - Small Caps
4
In Brief: Supermarkets, Consumer Slowdown, AI & Commodities

Mar 22 2024 - Weekly Reports
5
Rudi’s View: Selective Opportunities Among Discounted REITs

Mar 20 2024 - Rudi's View

Latest Iron Ore News

1
Fortescue: Ready To Rally

Mar 26 2024 - Technicals
2
ESG Focus: Grid Set To Enter An Iron Age

Sep 21 2023 - ESG Focus
3
Mineral Resources: Downturn Complete

Jul 04 2023 - Technicals
4
Bullish On Grange Resources

Jan 17 2023 - Technicals
5
Iron Ore: Keep Watch

Dec 08 2022 - Technicals
6
Upside For Fortescue

Dec 06 2022 - Technicals
7
Fortescue’s Decarbonisation Plan To Impact Dividends

Sep 26 2022 - ESG Focus
8
Positive Signs For Fortescue Metals

Aug 02 2022 - Technicals
9
Iron Ore Miners: Buy The Dips

Apr 29 2022 - Technicals
10
Iron Ore Miners: Broker Views

Dec 07 2021 - Australia