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OZL

OZ MineralsASX:OZL Stock Report

Market Cap

AU$8.3b

7D

-0.3%

1Y

57.8%

Updated

23 Oct, 2021

Data

Company Financials +
OZL fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance5/6
Financial Health5/6
Dividends0/6

OZL Overview

OZ Minerals Limited engages in the exploration, development, mining, and processing of mining projects in Australia.

Rewards

Earnings are forecast to grow 2.38% per year

Earnings grew by 100.9% over the past year

Risk Analysis

OZL passed our risk checks.

OZ Minerals Competitors

Price History & Performance

Summary of all time highs, changes and price drops for OZ Minerals
Historical stock prices
Current Share PriceAU$24.95
52 Week HighAU$14.39
52 Week LowAU$27.15
Beta1.1
1 Month Change8.62%
3 Month Change17.63%
1 Year Change57.81%
3 Year Change188.11%
5 Year Change292.91%
Change since IPO2,588.13%

Recent News & Updates

Aug 22
With EPS Growth And More, OZ Minerals (ASX:OZL) Is Interesting

With EPS Growth And More, OZ Minerals (ASX:OZL) Is Interesting

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Shareholder Returns

OZLAU Metals and MiningAU Market
7D-0.3%-1.7%0.6%
1Y57.8%10.8%21.3%

Return vs Industry: OZL exceeded the Australian Metals and Mining industry which returned 10.8% over the past year.

Return vs Market: OZL exceeded the Australian Market which returned 21.3% over the past year.

Price Volatility

Is OZL's price volatile compared to industry and market?
OZL volatility
OZL Beta1.1
Industry Beta0.97
Market Beta1

Stable Share Price: OZL is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: OZL's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1932788Andrew Colehttps://www.ozminerals.com

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.

OZ Minerals Fundamentals Summary

How do OZ Minerals's earnings and revenue compare to its market cap?
OZL fundamental statistics
Market CapAU$8.32b
Earnings (TTM)AU$401.40m
Revenue (TTM)AU$1.75b

20.7x

P/E Ratio

4.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
OZL income statement (TTM)
RevenueAU$1.75b
Cost of RevenueAU$981.50m
Gross ProfitAU$770.90m
ExpensesAU$369.50m
EarningsAU$401.40m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.20
Gross Margin43.99%
Net Profit Margin22.91%
Debt/Equity Ratio0%

How did OZL perform over the long term?

See historical performance and comparison

Dividends

1.0%

Current Dividend Yield

21%

Payout Ratio

Valuation

Is OZ Minerals undervalued compared to its fair value and its price relative to the market?

20.74x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: OZL (A$24.95) is trading above our estimate of fair value (A$7.54)

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


Price To Earnings Ratio

PE vs Industry: OZL is poor value based on its PE Ratio (20.7x) compared to the Australian Metals and Mining industry average (14.6x).

PE vs Market: OZL is poor value based on its PE Ratio (20.7x) compared to the Australian market (20x).


Price to Earnings Growth Ratio

PEG Ratio: OZL is poor value based on its PEG Ratio (8.7x)


Price to Book Ratio

PB vs Industry: OZL is good value based on its PB Ratio (2.4x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

How is OZ Minerals forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

2.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OZL's forecast earnings growth (2.4% per year) is above the savings rate (1.9%).

Earnings vs Market: OZL's earnings (2.4% per year) are forecast to grow slower than the Australian market (11.6% per year).

High Growth Earnings: OZL's earnings are forecast to grow, but not significantly.

Revenue vs Market: OZL's revenue (2.4% per year) is forecast to grow slower than the Australian market (5.5% per year).

High Growth Revenue: OZL's revenue (2.4% 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 (13%).


Past Performance

How has OZ Minerals performed over the past 5 years?

13.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OZL has high quality earnings.

Growing Profit Margin: OZL's current net profit margins (22.9%) are higher than last year (15.8%).


Past Earnings Growth Analysis

Earnings Trend: OZL's earnings have grown by 13.9% per year over the past 5 years.

Accelerating Growth: OZL's earnings growth over the past year (100.9%) exceeds its 5-year average (13.9% per year).

Earnings vs Industry: OZL earnings growth over the past year (100.9%) exceeded the Metals and Mining industry 35.3%.


Return on Equity

High ROE: OZL's Return on Equity (11.5%) is considered low.


Financial Health

How is OZ Minerals's financial position?


Financial Position Analysis

Short Term Liabilities: OZL's short term assets (A$642.3M) exceed its short term liabilities (A$352.3M).

Long Term Liabilities: OZL's short term assets (A$642.3M) do not cover its long term liabilities (A$1.1B).


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.


Balance Sheet


Dividend

What is OZ Minerals's current dividend yield, its reliability and sustainability?

1.00%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: OZL's dividend (1%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.23%).

High Dividend: OZL's dividend (1%) is low compared to the top 25% of dividend payers in the Australian market (5.3%).


Stability and Growth of Payments

Stable Dividend: OZL is not paying a notable dividend for the Australian market, therefore no need to check if payments are stable.

Growing Dividend: OZL is not paying a notable dividend for the Australian market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: OZL is not paying a notable dividend for the Australian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of OZL's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

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

2.8yrs

Average management tenure


CEO

Andrew Cole

6.83yrs

Tenure

AU$2,891,765

Compensation

Mr. Andrew Cole, BAppSc (Hons) in Geophysics serves as Director at Cassini Resources Limited since October 5, 2020. Mr. Cole has been Managing Director, Chief Executive Officer and Director of OZ Minerals...


CEO Compensation Analysis

Compensation vs Market: Andrew's total compensation ($USD2.16M) is about average for companies of similar size in the Australian market ($USD2.36M).

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


Leadership Team

Experienced Management: OZL's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: OZL's board of directors are considered experienced (3.9 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

OZ Minerals Limited's employee growth, exchange listings and data sources


Key Information

  • Name: OZ Minerals Limited
  • Ticker: OZL
  • Exchange: ASX
  • Founded: 1932
  • Industry: Copper
  • Sector: Materials
  • Market Cap: AU$8.325b
  • Shares outstanding: 333.65m
  • Website: https://www.ozminerals.com

Number of Employees


Location

  • OZ Minerals Limited
  • 2 Hamra Drive
  • Adelaide Airport
  • Adelaide
  • South Australia
  • 5950
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/23 07:05
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.