View Financial HealthGrange Resources 배당 및 자사주 매입배당 기준 점검 3/6Grange Resources 은(는) 현재 수익률이 6.45% 인 배당금 지급 회사입니다.핵심 정보6.5%배당 수익률n/a자사주 매입 수익률총 주주 수익률n/a미래 배당 수익률n/a배당 성장률n/a다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향n/a최근 배당 및 자사주 매입 업데이트Upcoming Dividend • Mar 05Upcoming dividend of AU$0.02 per shareEligible shareholders must have bought the stock before 12 March 2024. Payment date: 28 March 2024. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of German dividend payers (5.1%). In line with average of industry peers (4.4%).Declared Dividend • Mar 01Dividend of AU$0.02 announcedShareholders will receive a dividend of AU$0.02. Ex-date: 12th March 2024 Payment date: 28th March 2024 Dividend yield will be 7.7%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is covered by earnings (21% earnings payout ratio) but not covered by cash flows (dividend approximately 5x free cash flows). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 5.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.공시 • Aug 25+ 1 more updateGrange Resources Limited Omits to Pay Interim DividendThe Directors of Grange Resources Limited have resolved to not declare an interim dividend to conserve capital.Upcoming Dividend • Mar 03Upcoming dividend of AU$0.02 per share at 4.1% yieldEligible shareholders must have bought the stock before 10 March 2023. Payment date: 28 March 2023. Payout ratio is a comfortable 27% but the company is paying out more than the cash it is generating. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (8.0%).Upcoming Dividend • Sep 06Upcoming dividend of AU$0.02 per shareEligible shareholders must have bought the stock before 13 September 2022. Payment date: 30 September 2022. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 16%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (10%).Upcoming Dividend • Mar 04Upcoming dividend of AU$0.10 per shareEligible shareholders must have bought the stock before 11 March 2022. Payment date: 29 March 2022. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 11%. Within top quartile of German dividend payers (3.4%). Higher than average of industry peers (8.7%).모든 업데이트 보기Recent updates공시 • Mar 24Grange Resources Limited, Annual General Meeting, May 13, 2026Grange Resources Limited, Annual General Meeting, May 13, 2026.공시 • Jan 01Grange Resources Limited Announces Resignation of Alice Shen as Non-Executive Director, Effective December 30, 2025Grange Resources Limited advised that Ms. Alice Shen has resigned as a non-executive Director, effective immediately, due to ongoing work commitments. Ms. Shen was appointed in December 2023.공시 • Apr 10Grange Resources Limited Announces Resignation of Chongtao Xu as Non-Executive Director, Effective April 10, 2025The Board of Grange Resources Limited advised that Mr. Chongtao Xu has resigned as a non-executive Director, effective immediately. Mr. Xu will continue in his senior executive role within the Company.공시 • Mar 14Grange Resources Limited, Annual General Meeting, May 14, 2025Grange Resources Limited, Annual General Meeting, May 14, 2025.공시 • Sep 25Grange Resources Limited Announces Appointment of Jiajia Jiang as Non-Independent Non-Executive DirectorThe Board of Grange Resources Limited announced the appointment of Mr. Jiajia Jiang as a non-executive Director, effective immediately. Mr. Jiang currently holds the position of Investment Management Director in Shagang Group Investment Holding Co Ltd, being responsible for venture capital investment and project post investment management. Prior to this appointment Mr. Jiang joined Shagang Group in 2013 as an Assistant Director of the Investment Department of Shagang Group. Mr. Jiang holds a Bachelor of Law degree majoring in Economic Law. Mr. Jiang joins the Board as a non-independent non-executive Director.Reported Earnings • Aug 26First half 2024 earnings released: EPS: AU$0.023 (vs AU$0.061 in 1H 2023)First half 2024 results: EPS: AU$0.023 (down from AU$0.061 in 1H 2023). Revenue: AU$234.0m (down 16% from 1H 2023). Net income: AU$26.5m (down 62% from 1H 2023). Profit margin: 11% (down from 25% in 1H 2023). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings.공시 • Apr 19Grange Resources Limited Appoints Fong Hoon as Independent Non-Executive Director and Chair of the Audit & Risk CommitteeThe Board of Grange Resources Limited announced the appointment of Mr. Fong Hoon as an independent non-executive Director, effective immediately. Mr. Hoon, a chartered accountant with a masters degree in business, has a strong background in commercial, financial and audit matters and has extensive Australian and South East Asian business network across a wide range of sectors. Mr. Hoon will also act as Chair of the Audit & Risk Committee.공시 • Mar 28Grange Resources Limited, Annual General Meeting, May 14, 2024Grange Resources Limited, Annual General Meeting, May 14, 2024. Agenda: To consider election of Directors.Board Change • Mar 27Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director AJ Saverimutto was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Mar 05Upcoming dividend of AU$0.02 per shareEligible shareholders must have bought the stock before 12 March 2024. Payment date: 28 March 2024. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of German dividend payers (5.1%). In line with average of industry peers (4.4%).Declared Dividend • Mar 01Dividend of AU$0.02 announcedShareholders will receive a dividend of AU$0.02. Ex-date: 12th March 2024 Payment date: 28th March 2024 Dividend yield will be 7.7%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is covered by earnings (21% earnings payout ratio) but not covered by cash flows (dividend approximately 5x free cash flows). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 5.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 29Full year 2023 earnings released: EPS: AU$0.13 (vs AU$0.15 in FY 2022)Full year 2023 results: EPS: AU$0.13 (down from AU$0.15 in FY 2022). Revenue: AU$614.7m (up 3.4% from FY 2022). Net income: AU$150.1m (down 13% from FY 2022). Profit margin: 24% (down from 29% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.공시 • Dec 21Grange Resources Limited Appoints Tianxiao Shen as Non-Executive DirectorGrange Resources Limited announced the appointment of Ms Tianxiao Shen as a non-executive director to the Board, effective immediately. Ms Shen is currently the deputy general manager of Shagang International (Singapore) Pte Ltd, a subsidiary of Jiangsu Shagang Group, China's larger privately-owned steel conglomerate. Shen has extensive experience in raw material procurement and trade, company management, supply chain operation management, and investment planning. Ms Shen will fill the non-executive director vacancy left as the major shareholder (Jiangsu Shagang) nominee on the Board, following Ms Yan Jia's resignation as announced on 6 September 2023.공시 • Sep 08Grange Resources Limited Announces Resignation of Yan Jia as Non-Independent DirectorThe Board of Grange Resources Limited advised that Ms Yan Jia has notified the Company that she will resign from the Company, effective immediately, due to personal reasons. Ms Jia joined the Board of Grange in June 2014 and has served on the Remuneration & NominationCommittee. Ms Jia has also held the position of Deputy Chairperson. The Board wishes to thank Ms Jia for her valued contribution to the Company over the past 9 years and wishes her well in future endeavors.New Risk • Aug 27New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 21% Last year net profit margin: 37% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.0% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (21% net profit margin).Reported Earnings • Aug 27First half 2023 earnings released: EPS: AU$0.061 (vs AU$0.11 in 1H 2022)First half 2023 results: EPS: AU$0.061 (down from AU$0.11 in 1H 2022). Revenue: AU$278.4m (down 18% from 1H 2022). Net income: AU$70.4m (down 47% from 1H 2022). Profit margin: 25% (down from 39% in 1H 2022). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.공시 • Aug 25+ 1 more updateGrange Resources Limited Omits to Pay Interim DividendThe Directors of Grange Resources Limited have resolved to not declare an interim dividend to conserve capital.New Risk • Aug 04New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.3% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Upcoming Dividend • Mar 03Upcoming dividend of AU$0.02 per share at 4.1% yieldEligible shareholders must have bought the stock before 10 March 2023. Payment date: 28 March 2023. Payout ratio is a comfortable 27% but the company is paying out more than the cash it is generating. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (8.0%).Reported Earnings • Feb 26Full year 2022 earnings released: EPS: AU$0.15 (vs AU$0.28 in FY 2021)Full year 2022 results: EPS: AU$0.15 (down from AU$0.28 in FY 2021). Revenue: AU$594.6m (down 24% from FY 2021). Net income: AU$171.7m (down 47% from FY 2021). Profit margin: 29% (down from 41% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 79% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Sep 06Upcoming dividend of AU$0.02 per shareEligible shareholders must have bought the stock before 13 September 2022. Payment date: 30 September 2022. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 16%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (10%).Reported Earnings • Aug 31First half 2022 earnings released: EPS: AU$0.11 (vs AU$0.18 in 1H 2021)First half 2022 results: EPS: AU$0.11 (down from AU$0.18 in 1H 2021). Revenue: AU$341.1m (down 24% from 1H 2021). Net income: AU$132.2m (down 36% from 1H 2021). Profit margin: 39% (down from 46% in 1H 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • May 21Investor sentiment improved over the past weekAfter last week's 30% share price gain to €1.03, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 5x in the Metals and Mining industry in Germany. Total returns to shareholders of 906% over the past three years.Upcoming Dividend • Mar 04Upcoming dividend of AU$0.10 per shareEligible shareholders must have bought the stock before 11 March 2022. Payment date: 29 March 2022. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 11%. Within top quartile of German dividend payers (3.4%). Higher than average of industry peers (8.7%).Reported Earnings • Feb 28Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: AU$0.28 (up from AU$0.18 in FY 2020). Revenue: AU$781.7m (up 49% from FY 2020). Net income: AU$322.3m (up 58% from FY 2020). Profit margin: 41% (up from 39% in FY 2020). The increase in margin was driven by higher revenue. Production and reserves: Iron Production: 2.808 Mt (2.468 Mt in FY 2020) Number of mines: 1 (1 in FY 2020) Revenue exceeded analyst estimates by 1.4%. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Sep 06Upcoming dividend of AU$0.02 per shareEligible shareholders must have bought the stock before 13 September 2021. Payment date: 30 September 2021. Trailing yield: 7.0%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (5.2%).Reported Earnings • Aug 26First half 2021 earnings released: EPS AU$0.18 (vs AU$0.058 in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: AU$450.6m (up 86% from 1H 2020). Net income: AU$205.9m (up 207% from 1H 2020). Profit margin: 46% (up from 28% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 45% per year whereas the company’s share price has increased by 41% per year.Recent Insider Transactions • Jul 08CEO, MD & Executive Director recently bought €168k worth of stockOn the 2nd of July, Honglin Zhao bought around 440k shares on-market at roughly €0.38 per share. This was the largest purchase by an insider in the last 3 months. This was Honglin's only on-market trade for the last 12 months.Executive Departure • May 04Non Executive Director has left the companyOn the 30th of April, David Woodall's tenure as Non Executive Director ended after 2.2 years in the role. We don't have any record of a personal shareholding under David's name. A total of 2 executives have left over the last 12 months.Upcoming Dividend • Mar 05Upcoming Dividend of AU$0.02 Per ShareWill be paid on the 30th of March to those who are registered shareholders by the 12th of March. The trailing yield of 7.3% is in the top quartile of German dividend payers (3.4%), and it is higher than industry peers (4.5%).Reported Earnings • Feb 27Full year 2020 earnings released: EPS AU$0.18 (vs AU$0.067 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: AU$526.3m (up 43% from FY 2019). Net income: AU$204.2m (up 163% from FY 2019). Profit margin: 39% (up from 21% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth.Is New 90 Day High Low • Feb 18New 90-day high: €0.26The company is up 81% from its price of €0.14 on 20 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 71% over the same period.Is New 90 Day High Low • Jan 23New 90-day high: €0.23The company is up 76% from its price of €0.13 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 54% over the same period.Is New 90 Day High Low • Jan 08New 90-day high: €0.22The company is up 59% from its price of €0.14 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 53% over the same period.지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: GRR 의 배당금 지급은 지난 10 년 동안 휘발성이었습니다.배당금 증가: GRR 의 배당금 지급액은 지난 10 년 동안 증가하지 않았습니다.배당 수익률 vs 시장Grange Resources 배당 수익률 vs 시장GRR의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (GRR)6.5%시장 하위 25% (DE)1.5%시장 상위 25% (DE)4.5%업계 평균 (Metals and Mining)1.4%분석가 예측 (GRR) (최대 3년)n/a주목할만한 배당금: GRR 의 배당금( 6.45% )은 German 시장에서 배당금 지급자의 하위 25%( 1.52% )보다 높습니다.고배당: GRR 의 배당금( 6.45% )은 German 시장( 4.52% )주주 대상 이익 배당수익 보장: 배당금 지급이 수익으로 충당되는지 확인하기 위해 GRR 의 지급 비율을 계산하기에는 데이터가 부족합니다.주주 현금 배당현금 흐름 범위: 현금 지급 비율 ( 13.1% )이 낮기 때문에 GRR 의 배당금 지급은 현금 흐름으로 완전히 충당됩니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YDE 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/20 05:14종가2026/05/20 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Grange Resources Limited는 5명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Peter O'ConnorBofA Global ResearchClarke WilkinsCitigroup IncMark BusuttilJ.P. Morgan2명의 분석가 더 보기
Upcoming Dividend • Mar 05Upcoming dividend of AU$0.02 per shareEligible shareholders must have bought the stock before 12 March 2024. Payment date: 28 March 2024. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of German dividend payers (5.1%). In line with average of industry peers (4.4%).
Declared Dividend • Mar 01Dividend of AU$0.02 announcedShareholders will receive a dividend of AU$0.02. Ex-date: 12th March 2024 Payment date: 28th March 2024 Dividend yield will be 7.7%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is covered by earnings (21% earnings payout ratio) but not covered by cash flows (dividend approximately 5x free cash flows). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 5.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
공시 • Aug 25+ 1 more updateGrange Resources Limited Omits to Pay Interim DividendThe Directors of Grange Resources Limited have resolved to not declare an interim dividend to conserve capital.
Upcoming Dividend • Mar 03Upcoming dividend of AU$0.02 per share at 4.1% yieldEligible shareholders must have bought the stock before 10 March 2023. Payment date: 28 March 2023. Payout ratio is a comfortable 27% but the company is paying out more than the cash it is generating. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (8.0%).
Upcoming Dividend • Sep 06Upcoming dividend of AU$0.02 per shareEligible shareholders must have bought the stock before 13 September 2022. Payment date: 30 September 2022. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 16%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (10%).
Upcoming Dividend • Mar 04Upcoming dividend of AU$0.10 per shareEligible shareholders must have bought the stock before 11 March 2022. Payment date: 29 March 2022. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 11%. Within top quartile of German dividend payers (3.4%). Higher than average of industry peers (8.7%).
공시 • Mar 24Grange Resources Limited, Annual General Meeting, May 13, 2026Grange Resources Limited, Annual General Meeting, May 13, 2026.
공시 • Jan 01Grange Resources Limited Announces Resignation of Alice Shen as Non-Executive Director, Effective December 30, 2025Grange Resources Limited advised that Ms. Alice Shen has resigned as a non-executive Director, effective immediately, due to ongoing work commitments. Ms. Shen was appointed in December 2023.
공시 • Apr 10Grange Resources Limited Announces Resignation of Chongtao Xu as Non-Executive Director, Effective April 10, 2025The Board of Grange Resources Limited advised that Mr. Chongtao Xu has resigned as a non-executive Director, effective immediately. Mr. Xu will continue in his senior executive role within the Company.
공시 • Mar 14Grange Resources Limited, Annual General Meeting, May 14, 2025Grange Resources Limited, Annual General Meeting, May 14, 2025.
공시 • Sep 25Grange Resources Limited Announces Appointment of Jiajia Jiang as Non-Independent Non-Executive DirectorThe Board of Grange Resources Limited announced the appointment of Mr. Jiajia Jiang as a non-executive Director, effective immediately. Mr. Jiang currently holds the position of Investment Management Director in Shagang Group Investment Holding Co Ltd, being responsible for venture capital investment and project post investment management. Prior to this appointment Mr. Jiang joined Shagang Group in 2013 as an Assistant Director of the Investment Department of Shagang Group. Mr. Jiang holds a Bachelor of Law degree majoring in Economic Law. Mr. Jiang joins the Board as a non-independent non-executive Director.
Reported Earnings • Aug 26First half 2024 earnings released: EPS: AU$0.023 (vs AU$0.061 in 1H 2023)First half 2024 results: EPS: AU$0.023 (down from AU$0.061 in 1H 2023). Revenue: AU$234.0m (down 16% from 1H 2023). Net income: AU$26.5m (down 62% from 1H 2023). Profit margin: 11% (down from 25% in 1H 2023). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings.
공시 • Apr 19Grange Resources Limited Appoints Fong Hoon as Independent Non-Executive Director and Chair of the Audit & Risk CommitteeThe Board of Grange Resources Limited announced the appointment of Mr. Fong Hoon as an independent non-executive Director, effective immediately. Mr. Hoon, a chartered accountant with a masters degree in business, has a strong background in commercial, financial and audit matters and has extensive Australian and South East Asian business network across a wide range of sectors. Mr. Hoon will also act as Chair of the Audit & Risk Committee.
공시 • Mar 28Grange Resources Limited, Annual General Meeting, May 14, 2024Grange Resources Limited, Annual General Meeting, May 14, 2024. Agenda: To consider election of Directors.
Board Change • Mar 27Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director AJ Saverimutto was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Mar 05Upcoming dividend of AU$0.02 per shareEligible shareholders must have bought the stock before 12 March 2024. Payment date: 28 March 2024. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of German dividend payers (5.1%). In line with average of industry peers (4.4%).
Declared Dividend • Mar 01Dividend of AU$0.02 announcedShareholders will receive a dividend of AU$0.02. Ex-date: 12th March 2024 Payment date: 28th March 2024 Dividend yield will be 7.7%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is covered by earnings (21% earnings payout ratio) but not covered by cash flows (dividend approximately 5x free cash flows). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 5.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 29Full year 2023 earnings released: EPS: AU$0.13 (vs AU$0.15 in FY 2022)Full year 2023 results: EPS: AU$0.13 (down from AU$0.15 in FY 2022). Revenue: AU$614.7m (up 3.4% from FY 2022). Net income: AU$150.1m (down 13% from FY 2022). Profit margin: 24% (down from 29% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
공시 • Dec 21Grange Resources Limited Appoints Tianxiao Shen as Non-Executive DirectorGrange Resources Limited announced the appointment of Ms Tianxiao Shen as a non-executive director to the Board, effective immediately. Ms Shen is currently the deputy general manager of Shagang International (Singapore) Pte Ltd, a subsidiary of Jiangsu Shagang Group, China's larger privately-owned steel conglomerate. Shen has extensive experience in raw material procurement and trade, company management, supply chain operation management, and investment planning. Ms Shen will fill the non-executive director vacancy left as the major shareholder (Jiangsu Shagang) nominee on the Board, following Ms Yan Jia's resignation as announced on 6 September 2023.
공시 • Sep 08Grange Resources Limited Announces Resignation of Yan Jia as Non-Independent DirectorThe Board of Grange Resources Limited advised that Ms Yan Jia has notified the Company that she will resign from the Company, effective immediately, due to personal reasons. Ms Jia joined the Board of Grange in June 2014 and has served on the Remuneration & NominationCommittee. Ms Jia has also held the position of Deputy Chairperson. The Board wishes to thank Ms Jia for her valued contribution to the Company over the past 9 years and wishes her well in future endeavors.
New Risk • Aug 27New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 21% Last year net profit margin: 37% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.0% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (21% net profit margin).
Reported Earnings • Aug 27First half 2023 earnings released: EPS: AU$0.061 (vs AU$0.11 in 1H 2022)First half 2023 results: EPS: AU$0.061 (down from AU$0.11 in 1H 2022). Revenue: AU$278.4m (down 18% from 1H 2022). Net income: AU$70.4m (down 47% from 1H 2022). Profit margin: 25% (down from 39% in 1H 2022). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.
공시 • Aug 25+ 1 more updateGrange Resources Limited Omits to Pay Interim DividendThe Directors of Grange Resources Limited have resolved to not declare an interim dividend to conserve capital.
New Risk • Aug 04New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.3% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Upcoming Dividend • Mar 03Upcoming dividend of AU$0.02 per share at 4.1% yieldEligible shareholders must have bought the stock before 10 March 2023. Payment date: 28 March 2023. Payout ratio is a comfortable 27% but the company is paying out more than the cash it is generating. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (8.0%).
Reported Earnings • Feb 26Full year 2022 earnings released: EPS: AU$0.15 (vs AU$0.28 in FY 2021)Full year 2022 results: EPS: AU$0.15 (down from AU$0.28 in FY 2021). Revenue: AU$594.6m (down 24% from FY 2021). Net income: AU$171.7m (down 47% from FY 2021). Profit margin: 29% (down from 41% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 79% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Sep 06Upcoming dividend of AU$0.02 per shareEligible shareholders must have bought the stock before 13 September 2022. Payment date: 30 September 2022. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 16%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (10%).
Reported Earnings • Aug 31First half 2022 earnings released: EPS: AU$0.11 (vs AU$0.18 in 1H 2021)First half 2022 results: EPS: AU$0.11 (down from AU$0.18 in 1H 2021). Revenue: AU$341.1m (down 24% from 1H 2021). Net income: AU$132.2m (down 36% from 1H 2021). Profit margin: 39% (down from 46% in 1H 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • May 21Investor sentiment improved over the past weekAfter last week's 30% share price gain to €1.03, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 5x in the Metals and Mining industry in Germany. Total returns to shareholders of 906% over the past three years.
Upcoming Dividend • Mar 04Upcoming dividend of AU$0.10 per shareEligible shareholders must have bought the stock before 11 March 2022. Payment date: 29 March 2022. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 11%. Within top quartile of German dividend payers (3.4%). Higher than average of industry peers (8.7%).
Reported Earnings • Feb 28Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: AU$0.28 (up from AU$0.18 in FY 2020). Revenue: AU$781.7m (up 49% from FY 2020). Net income: AU$322.3m (up 58% from FY 2020). Profit margin: 41% (up from 39% in FY 2020). The increase in margin was driven by higher revenue. Production and reserves: Iron Production: 2.808 Mt (2.468 Mt in FY 2020) Number of mines: 1 (1 in FY 2020) Revenue exceeded analyst estimates by 1.4%. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Sep 06Upcoming dividend of AU$0.02 per shareEligible shareholders must have bought the stock before 13 September 2021. Payment date: 30 September 2021. Trailing yield: 7.0%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (5.2%).
Reported Earnings • Aug 26First half 2021 earnings released: EPS AU$0.18 (vs AU$0.058 in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: AU$450.6m (up 86% from 1H 2020). Net income: AU$205.9m (up 207% from 1H 2020). Profit margin: 46% (up from 28% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 45% per year whereas the company’s share price has increased by 41% per year.
Recent Insider Transactions • Jul 08CEO, MD & Executive Director recently bought €168k worth of stockOn the 2nd of July, Honglin Zhao bought around 440k shares on-market at roughly €0.38 per share. This was the largest purchase by an insider in the last 3 months. This was Honglin's only on-market trade for the last 12 months.
Executive Departure • May 04Non Executive Director has left the companyOn the 30th of April, David Woodall's tenure as Non Executive Director ended after 2.2 years in the role. We don't have any record of a personal shareholding under David's name. A total of 2 executives have left over the last 12 months.
Upcoming Dividend • Mar 05Upcoming Dividend of AU$0.02 Per ShareWill be paid on the 30th of March to those who are registered shareholders by the 12th of March. The trailing yield of 7.3% is in the top quartile of German dividend payers (3.4%), and it is higher than industry peers (4.5%).
Reported Earnings • Feb 27Full year 2020 earnings released: EPS AU$0.18 (vs AU$0.067 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: AU$526.3m (up 43% from FY 2019). Net income: AU$204.2m (up 163% from FY 2019). Profit margin: 39% (up from 21% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth.
Is New 90 Day High Low • Feb 18New 90-day high: €0.26The company is up 81% from its price of €0.14 on 20 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 71% over the same period.
Is New 90 Day High Low • Jan 23New 90-day high: €0.23The company is up 76% from its price of €0.13 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 54% over the same period.
Is New 90 Day High Low • Jan 08New 90-day high: €0.22The company is up 59% from its price of €0.14 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 53% over the same period.