Mineral Resources Future Growth

Future criteria checks 4/6

Mineral Resources is forecast to grow earnings and revenue by 39.6% and 6% per annum respectively. EPS is expected to grow by 40.4% per annum. Return on equity is forecast to be 15.3% in 3 years.

Key information

39.6%

Earnings growth rate

40.4%

EPS growth rate

Metals and Mining earnings growth	28.3%
Revenue growth rate	5.9%
Future return on equity	16.4%
Analyst coverage	Good
Last updated	21 Nov 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

DB:F5J - Analysts future estimates and past financials data (AUD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
6/30/2027	5,544	477	367	1,221	11
6/30/2026	5,436	477	587	995	12
6/30/2025	4,447	-264	-979	445	12
6/30/2024	5,278	125	-2,686	1,449	N/A
3/31/2024	5,111	258	-2,106	1,573	N/A
12/31/2023	4,944	392	-1,528	1,697	N/A
9/30/2023	4,861	318	-997	1,525	N/A
6/30/2023	4,779	243	-466	1,354	N/A
3/31/2023	4,597	481	-461	1,018	N/A
12/31/2022	4,415	719	-456	681	N/A
9/30/2022	3,916	534	-588	481	N/A
6/30/2022	3,418	349	-720	280	N/A
3/31/2022	3,487	560	-363	643	N/A
12/31/2021	3,557	770	-6	1,006	N/A
9/30/2021	3,645	1,020	272	1,157	N/A
6/30/2021	3,734	1,270	550	1,309	N/A
3/31/2021	3,201	954	309	964	N/A
12/31/2020	2,669	638	68	618	N/A
9/30/2020	2,397	821	136	606	N/A
6/30/2020	2,125	1,004	204	595	N/A
3/31/2020	2,034	1,019	28	477	N/A
12/31/2019	1,944	1,034	-148	360	N/A
9/30/2019	1,728	599	-386	273	N/A
6/30/2019	1,512	164	-624	186	N/A
3/31/2019	1,423	143	-564	224	N/A
12/31/2018	1,333	122	-504	262	N/A
9/30/2018	1,483	197	-217	336	N/A
6/30/2018	1,633	272	69	411	N/A
3/31/2018	1,582	249	N/A	368	N/A
12/31/2017	1,530	225	N/A	324	N/A
9/30/2017	1,494	213	N/A	310	N/A
6/30/2017	1,458	201	N/A	296	N/A
3/31/2017	1,421	134	N/A	278	N/A
12/31/2016	1,383	67	N/A	260	N/A
9/30/2016	1,280	21	N/A	288	N/A
6/30/2016	1,178	-25	N/A	316	N/A
3/31/2016	1,150	33	N/A	275	N/A
12/31/2015	1,123	91	N/A	234	N/A
9/30/2015	1,213	52	N/A	143	N/A
6/30/2015	1,303	13	N/A	52	N/A
3/31/2015	1,515	41	N/A	117	N/A
12/31/2014	1,728	70	N/A	183	N/A
9/30/2014	1,813	151	N/A	375	N/A
6/30/2014	1,899	231	N/A	567	N/A
3/31/2014	1,713	240	N/A	585	N/A
12/31/2013	1,527	249	N/A	604	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: F5J's forecast earnings growth (39.6% per year) is above the savings rate (1%).

Earnings vs Market: F5J's earnings (39.6% per year) are forecast to grow faster than the German market (21% per year).

High Growth Earnings: F5J's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: F5J's revenue (6% per year) is forecast to grow faster than the German market (5.6% per year).

High Growth Revenue: F5J's revenue (6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: F5J's Return on Equity is forecast to be low in 3 years time (15.3%).

Mineral Resources Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Mineral Resources Limited Announces Suspension of Site Operations

Recent updates

Investor sentiment deteriorates as stock falls 22%

Investor sentiment improves as stock rises 15%

Morgan Stanley Infrastructure Inc. acquired 49% stake in Onslow Iron Project’s Haul Road from Mineral Resources Limited (ASX:MIN) for AUD 1.3 billion.

New minor risk - Share price stability

Investor sentiment deteriorates as stock falls 18%

Full year 2024 earnings released: EPS: AU$0.64 (vs AU$1.27 in FY 2023)

New minor risk - Shareholder dilution

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.

First half dividend of AU$0.20 announced

New major risk - Financial position

High number of new directors

High number of new directors

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)

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

Independent Non-Executive Director recently sold €231k worth of stock

Mineral Resources Rules Out Liontown Resources Bid

Investor sentiment deteriorates as stock falls 16%

Now 25% 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)

Investor sentiment improved over the past week

Now 21% undervalued

Mineral Resources Limited Appoints Colleen Hayward as an Independent Non-Executive Director with Effect 1 January 2023

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

Investor sentiment improved over the past week

New Age Metals Inc. (TSXV:NAM) and Mineral Resources Limited (ASX:MIN) acquired 20 claims (4101 ha) to the East and West of Lithium.

Full year 2022 earnings released: EPS: AU$1.85 (vs AU$6.73 in FY 2021)

Mineral Resources Limited Declares Fully Franked Final Dividend for Fiscal Year 2022, Payable on 23 September 2022

Investor sentiment improved over the past week

Mineral Resources Limited Announces Executive Appointments

Investor sentiment improved over the past week

Mineral Resources Limited Appoints Zimi Meka as Non-Executive Director

Mineral Resources Limited Announces Board Changes

Investor sentiment improved over the past week

Mineral Resources Limited Provides Lithium Business Update

Mineral Resources Limited Provides an Project Update on Northern Perth Basin, Western Australia

Investor sentiment improved over the past week

Mineral Resources Limited Retires Peter Wade as Chairman

First half 2022 earnings: EPS in line with expectations, revenues disappoint

Mineral Resources Limited Announces New Capacity Allocation Under Port of Port Hedland Development Plan

Mineral Resources Limited Announces Management Appointments

Investor sentiment deteriorated over the past week

Mineral Resources Limited (ASX:MIN) completed the acquisition of 40% stake in Red Hill Iron Ore Joint Venture from Red Hill Iron Limited (ASX:RHI).

Investor sentiment deteriorated over the past week

Full year 2021 earnings released: EPS AU$6.73 (vs AU$5.33 in FY 2020)

Mineral Resources Secures Rig to Drill Conventional Gas Well Lockyer Deep 1

Mineral Resources Limited (ASX:MIN) acquired a 7.5% stake in Australian Premium Iron Joint Venture.

Mineral Resources Limited (ASX:MIN) acquired 7.5% stake in Aquila Resources Inc. (TSX:AQA) from Aurizon Holdings Limited (ASX:AZJ).

Mineral Resources Limited to Report Fiscal Year 2021 Results on Aug 11, 2021

New 90-day high: €25.87

First half 2021 earnings released: EPS AU$2.75 (vs AU$4.70 in 1H 2020)

Revenue misses expectations

New 90-day high: €21.94

Mineral Resources Limited and Hazer Group Limited Terminates Collaboration Agreement

New 90-day high: €18.25

Market bids up stock over the past week

New 90-day low: €14.58

Mineral Resources Limited Announces Drill Results from Its Pickle Crow Gold Project

Mineral Resources Limited Files Updated Mineral Resource Estimate and Mineral Reserves for the Point Rousse Gold Project

Mineral Resources Limited Appoints Susie Corlett as Independent Non-Executive Director, Effective 4 January 2021

New 90-day high - €17.72

New 90-day high - €16.19

Mineral Resources Limited (ASX:MIN) acquired Mining Wear Parts.

Mineral Resources Limited (ASX:MIN) completed the acquisition of Buckland Project from BCI Minerals Limited (ASX:BCI).

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts