Mineral Resources Limited

CHIA:MIN Stock Report

Market Cap: AU$6.6b

Mineral Resources Valuation

Is MIN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

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$33.84) is trading below our estimate of fair value (A$84.16)

Significantly Below Fair Value: MIN is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MIN?

Key metric: As MIN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MIN. This is calculated by dividing MIN's market cap by their current earnings.
What is MIN's PE Ratio?
PE Ratio52.8x
EarningsAU$125.00m
Market CapAU$6.60b

Price to Earnings Ratio vs Peers

How does MIN's PE Ratio compare to its peers?

The above table shows the PE ratio for MIN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average35.6x
LYC Lynas Rare Earths
76x42.7%AU$6.4b
PLS Pilbara Minerals
32.8x25.8%AU$8.4b
NIC Nickel Industries
25.3x49.7%AU$3.9b
ILU Iluka Resources
8.4x5.5%AU$2.3b
MIN Mineral Resources
52.8x39.6%AU$6.6b

Price-To-Earnings vs Peers: MIN is expensive based on its Price-To-Earnings Ratio (52.8x) compared to the peer average (35.6x).

Price to Earnings Ratio vs Industry

How does MIN's PE Ratio compare vs other companies in the AU Metals and Mining Industry?

9 CompaniesPrice / EarningsEstimated GrowthMarket Cap
KCN Kingsgate Consolidated
1.7x-13.3%US$225.14m
GRR Grange Resources
2.6xn/aUS$181.06m
RHI Red Hill Minerals
1.8xn/aUS$179.75m
PTN Patronus Resources
2.4xn/aUS$68.31m
MIN 52.8xIndustry Avg. 11.9xNo. of Companies13PE01224364860+
9 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MIN is expensive based on its Price-To-Earnings Ratio (52.8x) compared to the Australian Metals and Mining industry average (11.9x).

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.

MIN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio52.8x
Fair PE Ratio36.3x

Price-To-Earnings vs Fair Ratio: MIN is expensive based on its Price-To-Earnings Ratio (52.8x) compared to the estimated Fair Price-To-Earnings Ratio (36.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst MIN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$33.84
AU$45.50
+34.5%
26.4%AU$67.00AU$31.20n/a16
Nov ’25AU$40.83
AU$47.78
+17.0%
23.4%AU$67.00AU$31.20n/a16
Oct ’25AU$51.72
AU$52.63
+1.8%
25.7%AU$88.79AU$32.00n/a18
Sep ’25AU$40.12
AU$56.49
+40.8%
25.3%AU$88.79AU$32.00n/a17
Aug ’25AU$53.93
AU$65.73
+21.9%
18.5%AU$88.79AU$44.70n/a17
Jul ’25AU$55.15
AU$69.54
+26.1%
17.0%AU$88.79AU$47.00n/a17
Jun ’25AU$71.47
AU$71.99
+0.7%
16.4%AU$88.79AU$47.00n/a18
May ’25AU$72.06
AU$71.04
-1.4%
16.2%AU$88.79AU$47.00n/a18
Apr ’25AU$70.74
AU$68.82
-2.7%
14.4%AU$88.79AU$47.10n/a18
Mar ’25AU$67.93
AU$67.67
-0.4%
15.4%AU$88.79AU$47.10n/a18
Feb ’25AU$58.38
AU$67.06
+14.9%
13.0%AU$77.00AU$49.50n/a16
Jan ’25AU$70.01
AU$69.90
-0.1%
16.2%AU$90.00AU$48.30n/a16
Dec ’24AU$60.55
AU$70.79
+16.9%
17.8%AU$90.00AU$48.30n/a16
Nov ’24AU$58.85
AU$73.45
+24.8%
20.0%AU$111.38AU$50.30AU$40.8317
Oct ’24AU$67.95
AU$76.86
+13.1%
18.8%AU$111.38AU$45.90AU$51.7217
Sep ’24AU$72.16
AU$76.71
+6.3%
19.2%AU$111.38AU$45.90AU$40.1217
Aug ’24AU$71.41
AU$77.16
+8.1%
19.1%AU$111.38AU$49.60AU$53.9317
Jul ’24AU$71.65
AU$79.56
+11.0%
17.2%AU$111.38AU$59.00AU$55.1517
Jun ’24AU$68.09
AU$82.30
+20.9%
18.1%AU$113.00AU$53.00AU$71.4717
May ’24AU$73.09
AU$84.75
+16.0%
16.9%AU$115.00AU$60.17AU$72.0616
Apr ’24AU$80.59
AU$95.27
+18.2%
15.4%AU$125.00AU$73.44AU$70.7415
Mar ’24AU$85.87
AU$94.78
+10.4%
14.9%AU$124.00AU$73.44AU$67.9316
Feb ’24AU$90.03
AU$96.68
+7.4%
14.5%AU$126.00AU$75.00AU$58.3815
Jan ’24AU$77.01
AU$93.12
+20.9%
12.9%AU$127.00AU$75.00AU$70.0115
Dec ’23AU$89.52
AU$90.56
+1.2%
12.7%AU$125.00AU$78.90AU$60.5514
Nov ’23AU$73.21
AU$85.23
+16.4%
8.2%AU$100.00AU$77.00AU$58.8512

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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