Financials Rio Tinto plc

Equities

RIO

GB0007188757

Diversified Mining

Market Closed - London S.E. 11:35:00 2024-06-19 EDT 5-day change 1st Jan Change
5,236 GBX +0.54% Intraday chart for Rio Tinto plc -0.25% -10.37%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 100,689 125,766 109,523 117,023 127,266 112,894 - -
Enterprise Value (EV) 1 104,340 126,430 107,947 121,211 131,497 117,405 117,821 118,890
P/E ratio 12.2 x 12.5 x 5.11 x 9.2 x 12.1 x 9.19 x 9.66 x 10.7 x
Yield 6.4% 6.2% 15.7% 7.02% 5.85% 6.37% 6.4% 6.15%
Capitalization / Revenue 2.33 x 2.82 x 1.72 x 2.11 x 2.35 x 2.11 x 2.11 x 2.12 x
EV / Revenue 2.42 x 2.83 x 1.7 x 2.18 x 2.43 x 2.2 x 2.21 x 2.23 x
EV / EBITDA 4.92 x 5.29 x 2.86 x 4.61 x 5.5 x 4.65 x 4.64 x 4.85 x
EV / FCF 11.1 x 13.1 x 6.01 x 13.5 x 17.2 x 16.1 x 15.4 x 13.2 x
FCF Yield 9.03% 7.66% 16.6% 7.43% 5.82% 6.22% 6.5% 7.59%
Price to Book 2.4 x 2.57 x 2.08 x 2.26 x 2.21 x 1.8 x 1.67 x 1.58 x
Nbr of stocks (in thousands) 1,618,730 1,616,304 1,618,208 1,619,647 1,621,558 1,622,699 - -
Reference price 2 59.71 74.80 66.18 70.13 74.36 66.63 66.63 66.63
Announcement Date 2/26/20 2/17/21 2/23/22 2/22/23 2/21/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 43,165 44,611 63,495 55,554 54,041 53,403 53,411 53,232
EBITDA 1 21,197 23,902 37,720 26,272 23,892 25,236 25,416 24,491
EBIT 1 16,813 19,623 33,023 20,508 15,498 18,810 18,290 16,828
Operating Margin 38.95% 43.99% 52.01% 36.92% 28.68% 35.22% 34.24% 31.61%
Earnings before Tax (EBT) 1 11,119 15,391 30,833 18,662 13,785 17,823 17,365 15,967
Net income 1 8,010 9,769 21,094 12,420 10,058 12,511 12,191 11,362
Net margin 18.56% 21.9% 33.22% 22.36% 18.61% 23.43% 22.82% 21.34%
EPS 2 4.878 5.998 12.95 7.621 6.165 7.248 6.897 6.248
Free Cash Flow 1 9,424 9,686 17,961 9,010 7,657 7,307 7,663 9,019
FCF margin 21.83% 21.71% 28.29% 16.22% 14.17% 13.68% 14.35% 16.94%
FCF Conversion (EBITDA) 44.46% 40.52% 47.62% 34.3% 32.05% 28.96% 30.15% 36.83%
FCF Conversion (Net income) 117.65% 99.15% 85.15% 72.54% 76.13% 58.41% 62.86% 79.38%
Dividend per Share 2 3.820 4.640 10.40 4.920 4.350 4.244 4.266 4.099
Announcement Date 2/26/20 2/17/21 2/23/22 2/22/23 2/21/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2 2025 S1 2025 S2
Net sales 1 22,443 19,362 25,249 33,083 30,412 29,775 25,779 26,667 27,374 26,407 27,810 26,768 27,116
EBITDA 1 10,947 9,640 14,262 21,037 16,683 15,597 10,675 11,728 12,164 12,813 15,649 - -
EBIT 1 8,659 7,548 12,075 19,000 14,023 12,674 7,834 7,678 7,820 9,181 8,621 9,199 9,486
Operating Margin 38.58% 38.98% 47.82% 57.43% 46.11% 42.57% 30.39% 28.79% 28.57% 34.77% 31% 34.37% 34.98%
Earnings before Tax (EBT) - 5,279 10,112 18,049 12,784 12,315 6,347 6,930 6,855 - - - -
Net income 1 - 3,316 6,453 12,313 8,781 8,908 3,512 5,117 4,941 6,368 8,029 - -
Net margin - 17.13% 25.56% 37.22% 28.87% 29.92% 13.62% 19.19% 18.05% 24.12% 28.87% - -
EPS 2 2.371 2.052 - 7.610 - 5.501 2.120 3.139 3.026 3.700 - - -
Dividend per Share 2.310 1.550 3.090 5.610 4.790 2.670 2.250 1.770 2.580 - - - -
Announcement Date 2/26/20 7/29/20 2/17/21 7/28/21 2/23/22 7/27/22 2/22/23 7/26/23 2/21/24 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 3,651 664 - 4,188 4,231 4,512 4,928 5,997
Net Cash position 1 - - 1,576 - - - - -
Leverage (Debt/EBITDA) 0.1722 x 0.0278 x - 0.1594 x 0.1771 x 0.1788 x 0.1939 x 0.2448 x
Free Cash Flow 1 9,424 9,686 17,961 9,010 7,657 7,307 7,663 9,019
ROE (net income / shareholders' equity) 24.6% 28.4% 42.8% 24.4% 19.1% 21.5% 19.6% 16.6%
ROA (Net income/ Total Assets) 11.6% 13.4% 21.1% 12.4% 10% 11.9% 11.7% 10.8%
Assets 1 69,015 72,668 100,143 99,820 100,161 105,256 104,411 105,351
Book Value Per Share 2 24.90 29.10 31.80 31.00 33.70 37.10 39.90 42.20
Cash Flow per Share 2 9.080 9.750 15.60 9.900 9.290 10.80 10.40 10.10
Capex 1 5,488 6,189 7,384 6,750 7,086 10,157 10,125 9,232
Capex / Sales 12.71% 13.87% 11.63% 12.15% 13.11% 19.02% 18.96% 17.34%
Announcement Date 2/26/20 2/17/21 2/23/22 2/22/23 2/21/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
19
Last Close Price
66.63 USD
Average target price
77.91 USD
Spread / Average Target
+16.92%
Consensus
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