Executive Summary
Mineral Resources Limited, together with subsidiaries, operates as a mining services and processing company in Australia, China, and Singapore. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 15.6% per year for the next 3 years
Snowflake Analysis
Excellent balance sheet second-rate dividend payer.
Similar Companies
Share Price & News
How has Mineral Resources's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MIN is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: MIN's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-0.5%
MIN
0.9%
AU Metals and Mining
-0.5%
AU Market
1 Year Return
179.5%
MIN
59.8%
AU Metals and Mining
37.3%
AU Market
Return vs Industry: MIN exceeded the Australian Metals and Mining industry which returned 59.8% over the past year.
Return vs Market: MIN exceeded the Australian Market which returned 37.3% over the past year.
Shareholder returns
| MIN | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.5% | 0.9% | -0.5% |
| 30 Day | 16.4% | 7.7% | 2.3% |
| 90 Day | 35.9% | 9.4% | 2.9% |
| 1 Year | 194.9%179.5% | 68.0%59.8% | 41.4%37.3% |
| 3 Year | 177.0%144.9% | 70.9%47.0% | 31.1%15.3% |
| 5 Year | 624.8%496.9% | 183.9%138.5% | 62.1%31.8% |
Long-Term Price Volatility Vs. Market
How volatile is Mineral Resources's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall St
Here's What Mineral Resources Limited's (ASX:MIN) Shareholder Ownership Structure Looks Like3 weeks ago | Simply Wall St
A Look At The Intrinsic Value Of Mineral Resources Limited (ASX:MIN)1 month ago | Simply Wall St
Does Mineral Resources Limited (ASX:MIN) Have A Place In Your Dividend Portfolio?Valuation
Is Mineral Resources undervalued compared to its fair value and its price relative to the market?
3.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MIN (A$47.51) is trading below our estimate of fair value (A$49.45)
Significantly Below Fair Value: MIN is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: MIN's PE Ratio (14x) is in line with the AU Metals and Mining industry average.
PE vs Market: MIN is good value based on its PE Ratio (14x) compared to the Australian market (20.6x).
Price to Earnings Growth Ratio
PEG Ratio: MIN's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: MIN is overvalued based on its PB Ratio (3.4x) compared to the AU Metals and Mining industry average (2.5x).
Future Growth
How is Mineral Resources forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
-15.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MIN's earnings are forecast to decline over the next 3 years (-15.6% per year).
Earnings vs Market: MIN's earnings are forecast to decline over the next 3 years (-15.6% per year).
High Growth Earnings: MIN's earnings are forecast to decline over the next 3 years.
Revenue vs Market: MIN's revenue (7.3% per year) is forecast to grow faster than the Australian market (5.3% per year).
High Growth Revenue: MIN's revenue (7.3% 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 high in 3 years time (21.9%)
Past Performance
How has Mineral Resources performed over the past 5 years?
52.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MIN has a high level of non-cash earnings.
Growing Profit Margin: MIN's current net profit margins (23.9%) are lower than last year (53.2%).
Past Earnings Growth Analysis
Earnings Trend: MIN's earnings have grown significantly by 52.9% per year over the past 5 years.
Accelerating Growth: MIN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MIN had negative earnings growth (-38.3%) over the past year, making it difficult to compare to the Metals and Mining industry average (25.6%).
Return on Equity
High ROE: MIN's Return on Equity (23.8%) is considered high.
Financial Health
How is Mineral Resources's financial position?
Financial Position Analysis
Short Term Liabilities: MIN's short term assets (A$1.6B) exceed its short term liabilities (A$645.7M).
Long Term Liabilities: MIN's short term assets (A$1.6B) exceed its long term liabilities (A$1.4B).
Debt to Equity History and Analysis
Debt Level: MIN's debt to equity ratio (34.5%) is considered satisfactory.
Reducing Debt: MIN's debt to equity ratio has increased from 0.2% to 34.5% over the past 5 years.
Debt Coverage: MIN's debt is well covered by operating cash flow (67.1%).
Interest Coverage: MIN's interest payments on its debt are well covered by EBIT (10.8x coverage).
Balance Sheet
Dividend
What is Mineral Resources's current dividend yield, its reliability and sustainability?
3.72%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MIN's dividend (3.73%) is higher than the bottom 25% of dividend payers in the Australian market (2.03%).
High Dividend: MIN's dividend (3.73%) is low compared to the top 25% of dividend payers in the Australian market (5.25%).
Stability and Growth of Payments
Stable Dividend: MIN's dividend payments have been volatile in the past 10 years.
Growing Dividend: MIN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (52.3%), MIN's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MIN's dividends in 3 years are not forecast to be well covered by earnings (102% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.6yrs
Average management tenure
CEO
Chris Ellison (63 yo)
8.5yrs
Tenure
AU$4,335,993
Compensation
Mr. Christopher James Ellison, also known as Chris, has been the Managing Director of Mineral Resources Limited since November 16, 2012. Mr. Ellison founded PIHA Pty Ltd. in 1992. Over the next three years...
CEO Compensation Analysis
Compensation vs Market: Chris's total compensation ($USD3.37M) is above average for companies of similar size in the Australian market ($USD2.56M).
Compensation vs Earnings: Chris's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
Experienced Management: MIN's management team is considered experienced (2.6 years average tenure).
Board Members
Experienced Board: MIN's board of directors are considered experienced (8.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Mineral Resources Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Mineral Resources Limited
- Ticker: MIN
- Exchange: ASX
- Founded: 1993
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: AU$8.973b
- Shares outstanding: 188.62m
- Website: https://www.mineralresources.com.au
Number of Employees
Location
- Mineral Resources Limited
- 1 Sleat Road
- Applecross
- Western Australia
- 6153
- Australia
Listings
Biography
Mineral Resources Limited, together with subsidiaries, operates as a mining services and processing company in Australia, China, and Singapore. It operates through three segments: Mining Services, Commodit...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/05/07 08:25 |
| End of Day Share Price | 2021/05/07 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/06/30 |
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.