Mineral Resources (ASX:MIN) - Stock Price, News & Analysis

MIN Stock Overview

Together with subsidiaries, operates as a mining services company in Australia, Asia, and internationally.

MIN fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	5/6
Past Performance	0/6
Financial Health	2/6
Dividends	0/6

Rewards

Trading at 62.7% below our estimate of its fair value

Earnings are forecast to grow 38.7% per year

Risk Analysis

High level of non-cash earnings

Interest payments are not well covered by earnings

Profit margins (2.4%) are lower than last year (5.1%)

Mineral Resources Limited Competitors

Lynas Rare Earths

ASX:LYC

AU$6.4b

Pilbara Minerals

ASX:PLS

AU$8.0b

Nickel Industries

ASX:NIC

AU$3.3b

Iluka Resources

ASX:ILU

AU$2.4b

Price History & Performance

Summary of all time highs, changes and price drops for Mineral Resources
Historical stock prices
Current Share Price	AU$38.02
52 Week High	AU$79.76
52 Week Low	AU$29.51
Beta	1.26
11 Month Change	-21.74%
3 Month Change	-39.04%
1 Year Change	-44.67%
33 Year Change	-27.94%
5 Year Change	172.15%
Change since IPO	3,235.09%

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

Aug 30

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

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

Apr 14

Does Mineral Resources (ASX:MIN) Deserve A Spot On Your Watchlist?

Mar 09

Is Mineral Resources Limited (ASX:MIN) Trading At A 37% Discount?

Feb 19

Shareholder Returns

	MIN	AU Metals and Mining	AU Market
7D	18.1%	1.0%	0.4%
1Y	-44.7%	-12.9%	10.9%

Return vs Industry: MIN underperformed the Australian Metals and Mining industry which returned -12.9% over the past year.

Return vs Market: MIN underperformed the Australian Market which returned 10.9% over the past year.

Price Volatility

Is MIN's price volatile compared to industry and market?
MIN volatility
MIN Average Weekly Movement	7.9%
Metals and Mining Industry Average Movement	11.1%
Market Average Movement	8.4%
10% most volatile stocks in AU Market	16.7%
10% least volatile stocks in AU Market	3.5%

Stable Share Price: MIN's share price has been volatile over the past 3 months.

Volatility Over Time: MIN's weekly volatility (8%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1993	8,456	Chris Ellison	www.mineralresources.com.au

Mineral Resources Limited, together with subsidiaries, operates as a mining services company in Australia, Asia, and internationally. It operates through five segments: Mining Services, Iron Ore, Lithium, Energy, and Other Commodities. The company offers contract crushing, screening, and processing; transport and logistics; site services; rehabilitation services; and design, engineering, and construction services for resources sector.

Mineral Resources Limited Fundamentals Summary

How do Mineral Resources's earnings and revenue compare to its market cap?
MIN fundamental statistics
Market cap	AU$6.85b
Earnings (TTM)	AU$125.00m
Revenue (TTM)	AU$5.28b

59.3x

P/E Ratio

1.4x

P/S Ratio

Is MIN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MIN income statement (TTM)
Revenue	AU$5.28b
Cost of Revenue	AU$1.03b
Gross Profit	AU$4.25b
Other Expenses	AU$4.13b
Earnings	AU$125.00m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.64
Gross Margin	80.58%
Net Profit Margin	2.37%
Debt/Equity Ratio	132.4%

How did MIN perform over the long term?

See historical performance and comparison

MIN Stock Overview

Rewards

Risk Analysis

Mineral Resources Limited Competitors

ASX:LYC

AU$6.4b

ASX:PLS

AU$8.0b

ASX:NIC

AU$3.3b

ASX:ILU

AU$2.4b

Price History & Performance

Recent News & Updates

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

Recent updates

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