Company Valuation: Mineral Resources Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 9,081 13,786 10,484 4,213 12,252 8,786 - -
Change - 51.8% -23.95% -59.82% 190.81% -28.29% - -
Enterprise Value (EV) 1 9,779 15,641 14,912 9,562 16,519 11,976 11,516 10,935
Change - 59.94% -4.66% -35.88% 72.75% -27.5% -3.84% -5.05%
P/E 26.1x 56.6x 84.3x -4.7x 11.6x 14.8x 15x 14.3x
PBR 2.83x 3.97x 3x 1.32x 2.81x 1.72x 1.59x 1.47x
PEG - -1.8x -1.7x 0x -0x -0.3x -11.2x 2.68x
Capitalization / Revenue 2.66x 2.88x 1.99x 0.94x 1.9x 1.35x 1.39x 1.41x
EV / Revenue 2.86x 3.27x 2.83x 2.14x 2.56x 1.84x 1.82x 1.75x
EV / EBITDA 9.55x 8.92x 14.1x 10.6x 6.48x 4.98x 4.91x 4.68x
EV / EBIT 14.6x 12x 34.8x 66.9x 10.2x 8.65x 8.73x 8.38x
EV / FCF -26.1x -28.5x -6.17x -4.01x 19x 19.8x 15.8x 11x
FCF Yield -3.83% -3.5% -16.2% -24.9% 5.27% 5.05% 6.33% 9.09%
Dividend per Share 2 1 1.9 0.2 - - 1.138 1.295 1.503
Rate of return 2.07% 2.66% 0.37% - - 2.57% 2.92% 3.39%
EPS 2 1.849 1.262 0.64 -4.59 5.338 2.995 2.955 3.113
Distribution rate 54.1% 150% 31.3% - - 38% 43.8% 48.3%
Net sales 1 3,418 4,779 5,278 4,472 6,461 6,520 6,319 6,247
EBITDA 1 1,024 1,754 1,057 901 2,551 2,402 2,348 2,335
EBIT 1 671.5 1,304 429 143 1,623 1,384 1,318 1,305
Net income 1 349.2 243.3 114 -896 1,215 721.4 624.5 544
Net Debt 1 697.5 1,855 4,428 5,349 4,267 3,189 2,730 2,149
Reference price 2 48.27 71.43 53.92 21.56 62.07 44.38 44.38 44.38
Nbr of stocks (in thousands) 188,138 192,996 194,437 195,408 197,384 196,690 - -
Announcement Date 8/28/22 8/28/23 8/28/24 8/27/25 8/26/26 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
14.82x1.83x4.96x2.56% 6.04B
15.67x3.64x6.62x3.74% 204B
11.18x2.61x5.76x5.33% 152B
15.28x4.4x7.26x3.11% 102B
11.89x0.38x6.13x3.35% 89.29B
26.37x6.21x16.57x-.--% 62.06B
74.17x3.14x7.76x1.13% 57.65B
15.52x3.14x6.14x0.54% 32.26B
11.99x3.88x5.87x5.11% 26.06B
11.71x4.23x7.38x4.07% 23.65B
Average 20.86x 3.35x 7.45x 2.89% 75.45B
Weighted average by Cap. 19.35x 3.32x 7.34x 3.33%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Mineral Resources Limited

Historical PBR trend

Valuation ratios - PBR - Mineral Resources Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Mineral Resources Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Mineral Resources Limited


Year-on-year evolution of the Yield

Valuation ratios - Yield - Mineral Resources Limited
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