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MIN

Mineral ResourcesASX:MIN Stock Report

Last Price

AU$63.96

Market Cap

AU$12.0b

7D

-2.5%

1Y

67.5%

Updated

22 Jan, 2022

Data

Company Financials +
MIN fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance2/6
Financial Health5/6
Dividends4/6

MIN Stock Overview

Mineral Resources Limited, together with subsidiaries, operates as a mining services and processing company in Australia, China, and Singapore.

Mineral Resources Competitors

South32

ASX:S32

AU$19.0b

Pilbara Minerals

ASX:PLS

AU$10.6b

IGO

ASX:IGO

AU$9.7b

Allkem

ASX:AKE

AU$6.6b

Price History & Performance

Summary of all time highs, changes and price drops for Mineral Resources
Historical stock prices
Current Share PriceAU$63.96
52 Week HighAU$66.88
52 Week LowAU$33.33
Beta1.27
1 Month Change20.25%
3 Month Change62.42%
1 Year Change67.48%
3 Year Change313.98%
5 Year Change412.50%
Change since IPO5,510.53%

Recent News & Updates

Dec 24
Is Mineral Resources (ASX:MIN) A Risky Investment?

Is Mineral Resources (ASX:MIN) A Risky Investment?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Dec 06
Here's Why I Think Mineral Resources (ASX:MIN) Is An Interesting Stock

Here's Why I Think Mineral Resources (ASX:MIN) Is An Interesting Stock

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

Nov 19
Does This Valuation Of Mineral Resources Limited (ASX:MIN) Imply Investors Are Overpaying?

Does This Valuation Of Mineral Resources Limited (ASX:MIN) Imply Investors Are Overpaying?

Does the November share price for Mineral Resources Limited ( ASX:MIN ) reflect what it's really worth? Today, we will...

Shareholder Returns

MINAU Metals and MiningAU Market
7D-2.5%-2.0%-2.8%
1Y67.5%7.0%5.8%

Return vs Industry: MIN exceeded the Australian Metals and Mining industry which returned 7% over the past year.

Return vs Market: MIN exceeded the Australian Market which returned 5.8% over the past year.

Price Volatility

Is MIN's price volatile compared to industry and market?
MIN volatility
MIN Average Weekly Movement5.9%
Metals and Mining Industry Average Movement10.8%
Market Average Movement8.6%
10% most volatile stocks in AU Market15.4%
10% least volatile stocks in AU Market3.7%

Stable Share Price: MIN is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: MIN's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19935,000Chris Ellisonhttps://www.mineralresources.com.au

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, Commodities, and Central. The company offers contract crushing, screening, processing, and specialist mining services; mine services, including materials handling, plant and equipment hire, plant and equipment maintenance, tails recovery, and aggregate crushing; and design, engineering, and construction services in the resources sector.

Mineral Resources Fundamentals Summary

How do Mineral Resources's earnings and revenue compare to its market cap?
MIN fundamental statistics
Market CapAU$12.04b
Earnings (TTM)AU$1.27b
Revenue (TTM)AU$3.73b

9.5x

P/E Ratio

3.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MIN income statement (TTM)
RevenueAU$3.73b
Cost of RevenueAU$422.20m
Gross ProfitAU$3.31b
ExpensesAU$2.04b
EarningsAU$1.27b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Feb 09, 2022

Earnings per share (EPS)6.74
Gross Margin88.69%
Net Profit Margin34.01%
Debt/Equity Ratio29.2%

How did MIN perform over the long term?

See historical performance and comparison

Dividends

4.3%

Current Dividend Yield

41%

Payout Ratio

Valuation

Is Mineral Resources undervalued compared to its fair value and its price relative to the market?

9.49x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MIN (A$63.96) is trading above our estimate of fair value (A$28.36)

Significantly Below Fair Value: MIN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MIN is good value based on its PE Ratio (9.5x) compared to the Australian Metals and Mining industry average (16.4x).

PE vs Market: MIN is good value based on its PE Ratio (9.5x) compared to the Australian market (18.6x).


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 (3.8x) compared to the AU Metals and Mining industry average (2.8x).


Future Growth

How is Mineral Resources forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

-14.5%

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 (-14.5% per year).

Earnings vs Market: MIN's earnings are forecast to decline over the next 3 years (-14.5% per year).

High Growth Earnings: MIN's earnings are forecast to decline over the next 3 years.

Revenue vs Market: MIN's revenue (5.1% per year) is forecast to grow faster than the Australian market (4.8% per year).

High Growth Revenue: MIN's revenue (5.1% 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 (20.8%)


Past Performance

How has Mineral Resources performed over the past 5 years?

50.7%

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 (34%) are lower than last year (47.2%).


Past Earnings Growth Analysis

Earnings Trend: MIN has become profitable over the past 5 years, growing earnings by 50.7% per year.

Accelerating Growth: MIN's earnings growth over the past year (26.5%) is below its 5-year average (50.7% per year).

Earnings vs Industry: MIN earnings growth over the past year (26.5%) underperformed the Metals and Mining industry 33%.


Return on Equity

High ROE: MIN's Return on Equity (39.1%) is considered high.


Financial Health

How is Mineral Resources's financial position?


Financial Position Analysis

Short Term Liabilities: MIN's short term assets (A$2.0B) exceed its short term liabilities (A$984.4M).

Long Term Liabilities: MIN's short term assets (A$2.0B) exceed its long term liabilities (A$1.6B).


Debt to Equity History and Analysis

Debt Level: MIN has more cash than its total debt.

Reducing Debt: MIN's debt to equity ratio has increased from 11.5% to 29.2% over the past 5 years.

Debt Coverage: MIN's debt is well covered by operating cash flow (138.3%).

Interest Coverage: MIN's interest payments on its debt are well covered by EBIT (19.5x coverage).


Balance Sheet


Dividend

What is Mineral Resources's current dividend yield, its reliability and sustainability?

4.30%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MIN's dividend (4.3%) is higher than the bottom 25% of dividend payers in the Australian market (2.25%).

High Dividend: MIN's dividend (4.3%) is low compared to the top 25% of dividend payers in the Australian market (5.52%).


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 reasonably low payout ratio (40.9%), MIN's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MIN's dividends in 3 years are forecast to be well covered by earnings (42.1% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.0yrs

Average management tenure


CEO

Chris Ellison (64 yo)

9.17yrs

Tenure

AU$3,481,663

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 ($USD2.51M) is about average for companies of similar size in the Australian market ($USD2.37M).

Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: MIN's management team is considered experienced (3 years average tenure).


Board Members

Experienced Board: MIN's board of directors are considered experienced (9.4 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 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
  • Implied Market Cap: AU$12.045b
  • Shares outstanding: 188.32m
  • Website: https://www.mineralresources.com.au

Number of Employees


Location

  • Mineral Resources Limited
  • 1 Sleat Road
  • Applecross
  • Western Australia
  • 6153
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/22 07:02
End of Day Share Price2022/01/21 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.