Mineral Resources Future Growth

Future criteria checks 4/6

Mineral Resources is forecast to grow earnings and revenue by 40.7% and 6.4% per annum respectively. EPS is expected to grow by 40.5% per annum. Return on equity is forecast to be 16.3% in 3 years.

Key information

40.7%

Earnings growth rate

40.5%

EPS growth rate

Metals and Mining earnings growth	10.6%
Revenue growth rate	6.4%
Future return on equity	16.3%
Analyst coverage	Good
Last updated	19 Dec 2024

Recent future growth updates

Recent updates

Mineral Resources Limited (ASX:MIN) Stocks Pounded By 26% But Not Lagging Market On Growth Or Pricing

Aug 30

The Price Is Right For Mineral Resources Limited (ASX:MIN) Even After Diving 27%

Jun 24

Here's What's Concerning About Mineral Resources' (ASX:MIN) Returns On Capital

Apr 16

Mineral Resources Limited (ASX:MIN) Shares Could Be 40% Below Their Intrinsic Value Estimate

Mar 29

Mineral Resources (ASX:MIN) Use Of Debt Could Be Considered Risky

Mar 14

Mineral Resources Limited (ASX:MIN) Half-Year Results: Here's What Analysts Are Forecasting For This Year

Feb 23

With Mineral Resources Limited (ASX:MIN) It Looks Like You'll Get What You Pay For

Jan 07

Mineral Resources (ASX:MIN) Has A Pretty Healthy Balance Sheet

Dec 12

These 4 Measures Indicate That Mineral Resources (ASX:MIN) Is Using Debt Reasonably Well

Sep 13

Mineral Resources Limited's (ASX:MIN) Intrinsic Value Is Potentially 35% Above Its Share Price

Jun 14

These 4 Measures Indicate That Mineral Resources (ASX:MIN) Is Using Debt Reasonably Well

Apr 01

Mineral Resources Limited's (ASX:MIN) Intrinsic Value Is Potentially 35% Above Its Share Price

Mar 15

Earnings and Revenue Growth Forecasts

ASX:MIN - Analysts future estimates and past financials data (AUD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
6/30/2027	5,600	491	386	1,093	11
6/30/2026	5,431	419	587	1,009	12
6/30/2025	4,518	-246	-949	469	12
6/30/2024	5,278	125	-2,686	1,449	N/A
3/31/2024	5,111	258	-2,106	1,573	N/A
12/31/2023	4,944	392	-1,528	1,697	N/A
9/30/2023	4,861	318	-997	1,525	N/A
6/30/2023	4,779	243	-466	1,354	N/A
3/31/2023	4,597	481	-461	1,018	N/A
12/31/2022	4,415	719	-456	681	N/A
9/30/2022	3,916	534	-588	481	N/A
6/30/2022	3,418	349	-720	280	N/A
3/31/2022	3,487	560	-363	643	N/A
12/31/2021	3,557	770	-6	1,006	N/A
9/30/2021	3,645	1,020	272	1,157	N/A
6/30/2021	3,734	1,270	550	1,309	N/A
3/31/2021	3,201	954	309	964	N/A
12/31/2020	2,669	638	68	618	N/A
9/30/2020	2,397	821	136	606	N/A
6/30/2020	2,125	1,004	204	595	N/A
3/31/2020	2,034	1,019	28	477	N/A
12/31/2019	1,944	1,034	-148	360	N/A
9/30/2019	1,728	599	-386	273	N/A
6/30/2019	1,512	164	-624	186	N/A
3/31/2019	1,423	143	-564	224	N/A
12/31/2018	1,333	122	-504	262	N/A
9/30/2018	1,483	197	-217	336	N/A
6/30/2018	1,633	272	69	411	N/A
3/31/2018	1,582	249	N/A	368	N/A
12/31/2017	1,530	225	N/A	324	N/A
9/30/2017	1,494	213	N/A	310	N/A
6/30/2017	1,458	201	N/A	296	N/A
3/31/2017	1,421	134	N/A	278	N/A
12/31/2016	1,383	67	N/A	260	N/A
9/30/2016	1,280	21	N/A	288	N/A
6/30/2016	1,178	-25	N/A	316	N/A
3/31/2016	1,150	33	N/A	275	N/A
12/31/2015	1,123	91	N/A	234	N/A
9/30/2015	1,213	52	N/A	143	N/A
6/30/2015	1,303	13	N/A	52	N/A
3/31/2015	1,515	41	N/A	117	N/A
12/31/2014	1,728	70	N/A	183	N/A
9/30/2014	1,813	151	N/A	375	N/A
6/30/2014	1,899	231	N/A	567	N/A
3/31/2014	1,713	240	N/A	585	N/A
12/31/2013	1,527	249	N/A	604	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MIN's forecast earnings growth (40.7% per year) is above the savings rate (2.6%).

Earnings vs Market: MIN's earnings (40.7% per year) are forecast to grow faster than the Australian market (12.6% per year).

High Growth Earnings: MIN's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MIN's revenue (6.4% per year) is forecast to grow faster than the Australian market (5.9% per year).

High Growth Revenue: MIN's revenue (6.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MIN's Return on Equity is forecast to be low in 3 years time (16.3%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/28 20:54
End of Day Share Price	2024/12/27 00:00
Earnings	2024/06/30
Annual Earnings	2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Mineral Resources Limited is covered by 36 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Swapan Pandya	APP Securities Pty Ltd.
Russell Wright	Barclay Pearce Capital Pty Limited
Glyn Lawcock	Barrenjoey Markets Pty Limited

Mineral Resources Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 18%, revenue upgraded

Consensus EPS estimates fall by 439%

Consensus EPS estimates have been downgraded.

Consensus EPS estimates increase by 54%

Price target decreased by 7.1% to AU$54.72

Price target decreased by 9.2% to AU$58.58

Recent updates

Hancock Prospecting Pty Ltd completed the acquisition of Exploration Permits (EP) 368 and 426 from Mineral Resources Limited (ASX:MIN).

Mineral Resources Limited to Report First Half, 2025 Results on Feb 18, 2025

Consensus EPS estimates fall by 18%, revenue upgraded

Investor sentiment deteriorates as stock falls 22%

Consensus EPS estimates fall by 439%

Investor sentiment improves as stock rises 34%

Morgan Stanley Infrastructure Inc. acquired 49% stake in Onslow Iron Project’s Haul Road from Mineral Resources Limited (ASX:MIN) for AUD 1.3 billion.

Consensus EPS estimates have been downgraded.

Consensus EPS estimates increase by 54%

Price target decreased by 7.1% to AU$54.72

Founder exercised options to buy AU$3.4m worth of stock.

Investor sentiment deteriorates as stock falls 21%

Mineral Resources Limited (ASX:MIN) Stocks Pounded By 26% But Not Lagging Market On Growth Or Pricing

Price target decreased by 9.2% to AU$58.58

Price target decreased by 7.1% to AU$61.06

Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus EPS estimates fall by 85%

Consensus EPS estimates increase by 37%

Now 41% undervalued after recent price drop

The Price Is Right For Mineral Resources Limited (ASX:MIN) Even After Diving 27%

Now 23% undervalued after recent price drop

Consensus EPS estimates fall by 10%

New minor risk - Shareholder dilution

Here's What's Concerning About Mineral Resources' (ASX:MIN) Returns On Capital

Mineral Resources Limited (ASX:MIN) Shares Could Be 40% Below Their Intrinsic Value Estimate

Mineral Resources Limited (ASX:MIN) entered into binding heads of agreement to acquire Lake Johnston Project from Poseidon Nickel Limited (ASX:POS) for AUD 15 million.

Mineral Resources (ASX:MIN) Use Of Debt Could Be Considered Risky

Consensus EPS estimates increase by 124%

First half dividend reduced to AU$0.20

Mineral Resources Limited (ASX:MIN) Half-Year Results: Here's What Analysts Are Forecasting For This Year

First half 2024 earnings released: EPS: AU$2.76 (vs AU$2.06 in 1H 2023)

High number of new directors

Consensus EPS estimates fall by 13%

With Mineral Resources Limited (ASX:MIN) It Looks Like You'll Get What You Pay For

High number of new directors

Mineral Resources (ASX:MIN) Has A Pretty Healthy Balance Sheet

Mineral Resources Limited to Report Q2, 2024 Results on Jan 25, 2024

Mineral Resources Limited Appoints Denise Mccomish as an Independent Non-Executive Director, Chair of Audit and Risk Committee, with Effect from 1 December 2023

Strike Energy Reportedly Out of Race for Oil, Gas Assets

Albemarle Corporation (NYSE:ALB) completed the acquisition of additional 40% stake in Kemerton Lithium Hydroxide Plant from Mineral Resources Limited (ASX:MIN)

Consensus EPS estimates fall by 11%

These 4 Measures Indicate That Mineral Resources (ASX:MIN) Is Using Debt Reasonably Well

Mineral Resources Limited (ASX:MIN) entered into an agreement to acquire Bald Hill lithium mine from Alita Resources Limited.

Mineral Resources Limited Declares Fully Franked Ordinary Dividend for the Fiscal Year Ended June 30, 2023, Payable on September 27, 2023

Mineral Resources Limited Announces Suspension of Site Operations

Mineral Resources Limited's (ASX:MIN) Intrinsic Value Is Potentially 35% Above Its Share Price

Independent Non-Executive Director recently sold AU$382k worth of stock

Mineral Resources Rules Out Liontown Resources Bid

Price target decreased by 8.5% to AU$83.38

Consensus EPS estimates fall by 29%

These 4 Measures Indicate That Mineral Resources (ASX:MIN) Is Using Debt Reasonably Well

Mineral Resources Limited's (ASX:MIN) Intrinsic Value Is Potentially 35% Above Its Share Price

Now 22% undervalued after recent price drop

Upcoming dividend of AU$1.20 per share at 2.8% yield

First half 2023 earnings released: EPS: AU$2.06 (vs AU$0.10 in 1H 2022)

Now 21% undervalued

Is Mineral Resources (ASX:MIN) Using Too Much Debt?

Mineral Resources Limited Appoints Colleen Hayward as an Independent Non-Executive Director with Effect 1 January 2023

Are Investors Undervaluing Mineral Resources Limited (ASX:MIN) By 41%?

Investor sentiment improved over the past week

Mineral Resources Limited Provides Lithium Mineral Resources and Reserve Update

Mineral Resources Limited to Report Fiscal Year 2023 Results on Aug 23, 2023

Mineral Resources Limited to Report Q3, 2023 Results on Apr 26, 2023

We Think Mineral Resources (ASX:MIN) Is Taking Some Risk With Its Debt

Investor sentiment improved over the past week

New Age Metals Inc. (TSXV:NAM) and Mineral Resources Limited (ASX:MIN) acquired 8 Claims at Winnipeg River Pegmatite Field.

Now 21% undervalued

Price target increased to AU$75.67

Mineral Resources Limited Declares Fully Franked Final Dividend for Fiscal Year 2022, Payable on 23 September 2022