OZ Minerals Limited engages in the exploration, development, mining, and processing of mining projects in Australia.
Excellent balance sheet and good value.
Share Price & News
How has OZ Minerals's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: OZL's share price has been volatile over the past 3 months.
7 Day Return
AU Metals and Mining
1 Year Return
AU Metals and Mining
Return vs Industry: OZL underperformed the Australian Metals and Mining industry which returned -22% over the past year.
Return vs Market: OZL underperformed the Australian Market which returned -19.4% over the past year.
Price Volatility Vs. Market
How volatile is OZ Minerals's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StA Sliding Share Price Has Us Looking At OZ Minerals Limited's (ASX:OZL) P/E Ratio
1 month ago | Simply Wall StCharles Sartain Is The Independent Non-Executive Director of OZ Minerals Limited (ASX:OZL) And They Just Spent AU$273k On Shares
1 month ago | Simply Wall StOZ Minerals Limited Consensus Forecasts Have Become A Little Darker Since Its Latest Report
Is OZ Minerals undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: OZL (A$7.36) is trading below our estimate of fair value (A$33.55)
Significantly Below Fair Value: OZL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: OZL is poor value based on its PE Ratio (14.5x) compared to the Metals and Mining industry average (7.4x).
PE vs Market: OZL is poor value based on its PE Ratio (14.5x) compared to the Australian market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: OZL is good value based on its PEG Ratio (0.6x)
Price to Book Ratio
PB vs Industry: OZL is good value based on its PB Ratio (0.8x) compared to the AU Metals and Mining industry average (1x).
How is OZ Minerals forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: OZL's forecast earnings growth (22.4% per year) is above the savings rate (1.1%).
Earnings vs Market: OZL's earnings (22.4% per year) are forecast to grow faster than the Australian market (9.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: OZL's revenue (9.8% per year) is forecast to grow faster than the Australian market (4% per year).
High Growth Revenue: OZL's revenue (9.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: OZL's Return on Equity is forecast to be low in 3 years time (9.1%).
How has OZ Minerals performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: OZL has high quality earnings.
Growing Profit Margin: OZL's current net profit margins (14.8%) are lower than last year (19.9%).
Past Earnings Growth Analysis
Earnings Trend: OZL's earnings have grown by 17.4% per year over the past 5 years.
Accelerating Growth: OZL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: OZL had negative earnings growth (-26.3%) over the past year, making it difficult to compare to the Metals and Mining industry average (-7%).
Return on Equity
High ROE: OZL's Return on Equity (5.5%) is considered low.
How is OZ Minerals's financial position?
Financial Position Analysis
Short Term Liabilities: OZL's short term assets (A$486.5M) exceed its short term liabilities (A$296.1M).
Long Term Liabilities: OZL's short term assets (A$486.5M) do not cover its long term liabilities (A$538.0M).
Debt to Equity History and Analysis
Debt Level: OZL is debt free.
Reducing Debt: OZL had no debt 5 years ago.
Debt Coverage: OZL has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: OZL has no debt, therefore coverage of interest payments is not a concern.
Inventory Level: OZL has a high level of physical assets or inventory.
Debt Coverage by Assets: OZL's debt is covered by short term assets (assets are 1.7117197021217E+16x debt).
What is OZ Minerals's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: OZL's dividend (3.13%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (3.17%).
High Dividend: OZL's dividend (3.13%) is low compared to the top 25% of dividend payers in the Australian market (8.18%).
Stability and Growth of Payments
Stable Dividend: OZL's dividend payments have been volatile in the past 10 years.
Growing Dividend: OZL's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (45.4%), OZL's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: OZL's dividends in 3 years are forecast to be well covered by earnings (30.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Andrew Cole has been Managing Director, Chief Executive Officer and Director of OZ Minerals Limited since December 03, 2014. Mr. Cole has been Non-Executive Chairman of Avanco Resources Limited since J ...
CEO Compensation Analysis
Compensation vs Market: Andrew's total compensation ($USD1.50M) is about average for companies of similar size in the Australian market ($USD1.79M).
Compensation vs Earnings: Andrew's compensation has been consistent with company performance over the past year.
|MD, CEO & Director||5.33yrs||AU$2.44m||0.15% A$3.5m|
|Chief Financial Officer||2.33yrs||AU$1.27m||no data|
|Chief Commercial Officer & COO||no data||AU$1.14m||0.00031% A$7.4k|
|Chief Technical Officer||0.92yr||no data||no data|
|Head of Investor Relations||no data||no data||no data|
|Company Secretary & Senior Legal Counsel||2.33yrs||no data||no data|
|Head of Corporate Development||no data||AU$765.45k||no data|
|General Manager of Marketing & Sales||no data||no data||no data|
|Chief People Officer||1.17yrs||no data||no data|
|Chief Corporate Affairs Officer||3.33yrs||no data||no data|
Experienced Management: OZL's management team is considered experienced (2.3 years average tenure).
|MD, CEO & Director||5.33yrs||AU$2.44m||0.15% A$3.5m|
|Independent Non-Executive Director||2.42yrs||AU$200.21k||0.0062% A$147.2k|
|Independent Non-Executive Director||1.67yrs||AU$191.37k||0.040% A$956.8k|
|Independent Non-Executive Director||0.42yr||AU$29.44k||no data|
|Independent Non-Executive Director||3.08yrs||AU$191.37k||0.0061% A$146.5k|
|Independent Non-Executive Chairman||2.92yrs||AU$360.17k||0.016% A$384.9k|
Experienced Board: OZL's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: OZL insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.9%.
OZ Minerals Limited's company bio, employee growth, exchange listings and data sources
- Name: OZ Minerals Limited
- Ticker: OZL
- Exchange: ASX
- Founded: 2008
- Industry: Copper
- Sector: Materials
- Market Cap: AU$2.386b
- Shares outstanding: 324.19m
- Website: https://www.ozminerals.com
Number of Employees
- OZ Minerals Limited
- 2 Hamra Drive
- Adelaide Airport
- South Australia
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|OZL||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Jan 1992|
|OXR||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jan 1992|
|OZML.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jan 1992|
|OZL||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Jan 1992|
OZ Minerals Limited engages in the exploration, development, mining, and processing of mining projects in Australia. The company primarily explores for copper, gold, silver, nickel, iron oxide, zinc, and lead deposits. It owns and operates the Prominent Hill mine located in northern South Australia; the Carrapateena project located in South Australia; and the Antas mine located in the state of Pará in the northern region of Brazil. The company also holds interests in the West Musgrave copper-nickel project located in the Musgrave Province, Western Australia; Pedra Branca project located in the southern part of the Carajás in the state of Pará in the North of Brazil; and the CentroGold project located in the state of Maranhão in northern Brazil. In addition, it holds interest in the West Musgrave copper-nickel project located in the Musgrave Province, Western Australia. Further, the company has interests in the Paraiso, Pantera, Lannavaara, East Musgrave, Punt Hill, Oaxaca, Coompana, and Eloise properties. The company was founded in 2008 and is headquartered in Adelaide, Australia.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/02 10:31|
|End of Day Share Price||2020/04/02 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.