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

$60.60

01 Dec
2023

-0.570

OPEN

$60.29

-0.93%

HIGH

$61.40

806,950

LOW

$59.66

TARGET
$73.857 21.9% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
BCI . CIA . DRR . FMG . GEN . GRR . MGX .
FNARENA'S MARKET CONSENSUS FORECASTS
MIN: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 127.4 334.9 xxx
DPS (cps) xxx 190.0 128.8 xxx
EPS Growth xxx - 31.1% 100.0% xxx
DPS Growth xxx 90.0% - 32.2% xxx
PE Ratio xxx N/A 18.1 xxx
Dividend Yield xxx N/A 2.1% xxx
Div Pay Ratio(%) xxx 149.2% 38.5% xxx

Dividend yield today if purchased 3 years ago: 5.54%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.14

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: 08/09 - ex-div 70c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 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 xxxxxxxxxxxxxxx-
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

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

5

xxxx

$xx.xx

(xx/xx/xxxx)

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

30/10/2023

3

Hold

$67.00

10.56%

Following its first quarter Mineral Resources has made no changes to its full year forecasts of 16.5-18.8m tonnes of iron ore production and 360-440 kilotonnes of lithium equivalent spodumene.

Despite this, Ord Minnett does lower its eanrings per share forecast for the year by -20% on reduced lithium price expectations. The broker does remain optimistic of a lithium price rebound as demand outpaces supply and causes a likely deficit in 2024. 

The Hold rating and target price of $67.00 are retained.

FORECAST
Ord Minnett forecasts a full year FY24 dividend of 246.80 cents and EPS of 485.40 cents.
Ord Minnett forecasts a full year FY25 dividend of 455.50 cents and EPS of 937.20 cents.

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

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
Australian Broker Call *Extra* Edition – Nov 29, 2023

Nov 29 2023 - Daily Market Reports
2
ESG Focus: The Little Big Things – 23-11-2023

Nov 23 2023 - ESG Focus
3
Australian Broker Call *Extra* Edition – Nov 21, 2023

Nov 21 2023 - Daily Market Reports
4
ESG Focus: Rounding Up A Psychosocial FY23 Season

Nov 20 2023 - ESG Focus
5
Weekly Ratings, Targets, Forecast Changes – 17-11-23

Nov 20 2023 - Weekly Reports

Latest Iron Ore News

1
ESG Focus: Grid Set To Enter An Iron Age

Sep 21 2023 - ESG Focus
2
Mineral Resources: Downturn Complete

Jul 04 2023 - Technicals
3
Bullish On Grange Resources

Jan 17 2023 - Technicals
4
Iron Ore: Keep Watch

Dec 08 2022 - Technicals
5
Upside For Fortescue

Dec 06 2022 - Technicals
6
Fortescue’s Decarbonisation Plan To Impact Dividends

Sep 26 2022 - ESG Focus
7
Positive Signs For Fortescue Metals

Aug 02 2022 - Technicals
8
Iron Ore Miners: Buy The Dips

Apr 29 2022 - Technicals
9
Iron Ore Miners: Broker Views

Dec 07 2021 - Australia
10
Fortescue Metals Fields The Green Narrative

Aug 31 2021 - Australia