DETERRA ROYALTIES LIMITED (DRR)
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DRR - DETERRA ROYALTIES LIMITED

FNArena Sector : Iron Ore
Year End: June
GICS Industry Group : Materials
Index: ASX200

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

$3.93

19 Oct
2021

-0.030

OPEN

$3.91

-0.76%

HIGH

$4.02

3,203,567

LOW

$3.90

TARGET
$4.763

-0.08 change from previous day

21.2% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ARI . BCI . FMG . GRR . MGX . MIN . CIA . FMS .
FNARENA'S MARKET CONSENSUS FORECASTS
DRR: 1
Title FY20
Actual
FY21
Actual
FY22
Forecast
FY23
Forecast
EPS (cps) xxx 17.8 29.0 xxx
DPS (cps) xxx 14.0 28.9 xxx
EPS Growth xxx N/A 62.3% xxx
DPS Growth xxx N/A 100.0% xxx
PE Ratio xxx N/A 13.4 xxx
Dividend Yield xxx N/A 7.4% xxx
Div Pay Ratio(%) xxx 78.3% 99.8% xxx

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

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

3.59

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: 02/09 - ex-div 11.52c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2021 FactSet UK Limited. All rights reserved
Title 20192021
EPS Basic xxx17.8
DPS All xxx14.0
Sales/Revenue xxx145.2 M
Book Value Per Share xxx11.7
Net Operating Cash Flow xxx82.2 M
Net Profit Margin xxx64.91 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 20192021
Return on Capital Employed xxx %
Return on Invested Capital xxx %
Return on Assets xxx %
Return on Equity xxx %
Return on Total Capital xxx %
Free Cash Flow ex dividends xxx48.8 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

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EXPERT VIEWS
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Sentiment Indicator

0.8

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

24/08/2021

3

Neutral

$4.50

14.50%

Citi has adjusted modeling on Deterra Royalties to account for product grade at the MAC South Flank operations. 

The adjusted model leads to an upgrade in Citi's earnings forecasts of 5-6% from FY22 onwards.

The Neutral rating and target price of $4.50 are retained.

FORECAST
Citi forecasts a full year FY22 dividend of 27.50 cents and EPS of 27.50 cents.
Citi forecasts a full year FY23 dividend of 23.80 cents and EPS of 23.80 cents.

Credit Suisse

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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DRR STOCK CHART