MIN Stock Overview
Mineral Resources Limited, together with subsidiaries, operates as a mining services company in Australia, China, Singapore, and internationally.
Mineral Resources Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$65.75|
|52 Week High||AU$75.65|
|52 Week Low||AU$36.95|
|1 Month Change||4.71%|
|3 Month Change||42.07%|
|1 Year Change||57.52%|
|3 Year Change||398.11%|
|5 Year Change||270.01%|
|Change since IPO||5,667.54%|
Recent News & Updates
We Think Mineral Resources (ASX:MIN) Is Taking Some Risk With Its Debt
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
|MIN||AU Metals and Mining||AU Market|
Return vs Industry: MIN exceeded the Australian Metals and Mining industry which returned 4% over the past year.
Return vs Market: MIN exceeded the Australian Market which returned -10.8% over the past year.
|MIN Average Weekly Movement||8.7%|
|Metals and Mining Industry Average Movement||11.3%|
|Market Average Movement||9.4%|
|10% most volatile stocks in AU Market||16.5%|
|10% least volatile stocks in AU Market||4.2%|
Stable Share Price: MIN is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: MIN's weekly volatility (7%) has been stable over the past year.
About the Company
Mineral Resources Limited, together with subsidiaries, operates as a mining services company in Australia, China, Singapore, and internationally. It operates through five segments: Mining Services and Processing, Iron Ore, Lithium, Other Commodities, and Central. The company offers contract crushing, screening, and processing; specialized mine services, including materials handling, plant and equipment hire and maintenance, tails recovery, and aggregate crushing; and design, engineering, and construction services for resources sector.
Mineral Resources Fundamentals Summary
|MIN fundamental statistics|
Is MIN overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MIN income statement (TTM)|
|Cost of Revenue||AU$318.80m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||1.85|
|Net Profit Margin||10.22%|
How did MIN perform over the long term?See historical performance and comparison
1.5%Current Dividend Yield
Is MIN undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for MIN?
Other financial metrics that can be useful for relative valuation.
|What is MIN's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does MIN's PE Ratio compare to its peers?
|MIN PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
LYC Lynas Rare Earths
MIN Mineral Resources
Price-To-Earnings vs Peers: MIN is expensive based on its Price-To-Earnings Ratio (35.5x) compared to the peer average (16.7x).
Price to Earnings Ratio vs Industry
How does MIN's PE Ratio compare vs other companies in the AU Metals and Mining Industry?
Price-To-Earnings vs Industry: MIN is expensive based on its Price-To-Earnings Ratio (35.5x) compared to the Australian Metals and Mining industry average (8.4x)
Price to Earnings Ratio vs Fair Ratio
What is MIN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||35.5x|
|Fair PE Ratio||24.8x|
Price-To-Earnings vs Fair Ratio: MIN is expensive based on its Price-To-Earnings Ratio (35.5x) compared to the estimated Fair Price-To-Earnings Ratio (24.8x).
Share Price vs Fair Value
What is the Fair Price of MIN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: MIN (A$65.75) is trading below our estimate of fair value (A$159.34)
Significantly Below Fair Value: MIN is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
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How is Mineral Resources forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MIN's forecast earnings growth (18.1% per year) is above the savings rate (1.8%).
Earnings vs Market: MIN's earnings (19.6% per year) are forecast to grow faster than the Australian market (6.1% per year).
High Growth Earnings: MIN's earnings are forecast to grow, but not significantly.
Revenue vs Market: MIN's revenue (11.8% per year) is forecast to grow faster than the Australian market (5.7% per year).
High Growth Revenue: MIN's revenue (11.3% 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 (29.9%)
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How has Mineral Resources performed over the past 5 years?
Past Performance Score1/6
Past Performance Score 1/6
Growing Profit Margin
Earnings vs Industry
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 (21.6%) are lower than last year (23.9%).
Past Earnings Growth Analysis
Earnings Trend: MIN's earnings have grown significantly by 41% 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 (-72.5%) over the past year, making it difficult to compare to the Metals and Mining industry average (22.7%).
Return on Equity
High ROE: MIN's Return on Equity (10.7%) is considered low.
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How is Mineral Resources's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: MIN's short term assets (A$3.4B) exceed its short term liabilities (A$913.6M).
Long Term Liabilities: MIN's short term assets (A$3.4B) do not cover its long term liabilities (A$3.6B).
Debt to Equity History and Analysis
Debt Level: MIN's net debt to equity ratio (7.8%) is considered satisfactory.
Reducing Debt: MIN's debt to equity ratio has increased from 17.6% to 33.5% over the past 5 years.
Debt Coverage: MIN's debt is not well covered by operating cash flow (9.9%).
Interest Coverage: MIN's interest payments on its debt are well covered by EBIT (11.2x coverage).
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What is Mineral Resources's current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|Mineral Resources Dividend Yield vs Market|
|Company (Mineral Resources)||1.5%|
|Market Bottom 25% (AU)||2.8%|
|Market Top 25% (AU)||7.2%|
|Industry Average (Metals and Mining)||10.3%|
|Analyst forecast in 3 Years (Mineral Resources)||6.7%|
Notable Dividend: MIN's dividend (1.52%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.8%).
High Dividend: MIN's dividend (1.52%) is low compared to the top 25% of dividend payers in the Australian market (7.16%).
Stability and Growth of Payments
Stable Dividend: MIN is not paying a notable dividend for the Australian market, therefore no need to check if payments are stable.
Growing Dividend: MIN is not paying a notable dividend for the Australian market, therefore no need to check if payments are increasing.
Earnings Payout to Shareholders
Earnings Coverage: MIN is not paying a notable dividend for the Australian market.
Cash Payout to Shareholders
Cash Flow Coverage: MIN is paying a dividend but the company has no free cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mineral Resources has no CEO, or we have no data on them.
Experienced Management: MIN's management team is considered experienced (3.2 years average tenure).
Experienced Board: MIN's board of directors are considered experienced (6.2 years average tenure).
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
|12 Sep 22||BuyAU$900,960||State Street Global Advisors, Inc.||Company||14,769||AU$73.38|
|31 Aug 22||BuyAU$26,484||State Street Global Advisors, Inc.||Company||129,412||AU$64.36|
|25 Jul 22||BuyAU$1,133,708||State Street Global Advisors, Inc.||Company||24,259||AU$47.38|
|25 Jul 22||SellAU$102,980||State Street Global Advisors, Inc.||Company||2,163||AU$47.61|
|20 Jul 22||BuyAU$391,366||State Street Global Advisors, Inc.||Company||11,749||AU$46.49|
|07 Jul 22||BuyAU$547,150||State Street Global Advisors, Inc.||Company||14,265||AU$44.83|
|07 Jul 22||SellAU$77,601||State Street Global Advisors, Inc.||Company||1,731||AU$44.83|
|05 Jul 22||BuyAU$127,329,739||State Street Global Advisors, Inc.||Company||1,992,986||AU$63.89|
|28 Feb 22||BuyAU$15,326,866||BlackRock, Inc.||Company||6,201,536||AU$65.00|
|10 Jan 22||SellAU$41,479,608||Magellan Asset Management Limited||Company||749,725||AU$55.33|
|14 Dec 21||BuyAU$29,360,162||Magellan Asset Management Limited||Company||661,492||AU$44.38|
|10 Nov 21||BuyAU$68,610,572||Magellan Asset Management Limited||Company||1,529,652||AU$44.85|
|08 Oct 21||SellAU$115,085,843||Fidelity International Ltd||Company||2,230,536||AU$51.60|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Mineral Resources Limited's employee growth, exchange listings and data sources
- Name: Mineral Resources Limited
- Ticker: MIN
- Exchange: ASX
- Founded: 1993
- Industry: Diversified Metals and Mining
- Sector: Materials
- Implied Market Cap: AU$12.393b
- Shares outstanding: 188.49m
- Website: https://www.mineralresources.com.au
Number of Employees
- Mineral Resources Limited
- 20 Walters Drive
- Osborne Park
- Western Australia
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MIN||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Jul 2006|
|MALR.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jul 2006|
|F5J||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jul 2006|
|MIN||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Jul 2006|
|MALR.Y||OTCPK (Pink Sheets LLC)||UNSPONSORD ADR||US||USD||Jan 2012|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/10/01 00:00|
|End of Day Share Price||2022/09/30 00:00|
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.