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Iluka Resources

DB:ILZ
Snowflake Description

Excellent balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ILZ
DB
A$4B
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

Iluka Resources Limited engages in the exploration, project development, mining, processing, marketing, and rehabilitation of mineral sands. The last earnings update was 90 days ago. More info.


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ILZ Share Price and Events
7 Day Returns
5.1%
DB:ILZ
-5.5%
DE Metals and Mining
0.3%
DE Market
1 Year Returns
-27.4%
DB:ILZ
-42.8%
DE Metals and Mining
-11.6%
DE Market
ILZ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Iluka Resources (ILZ) 5.1% -5.2% -8.2% -27.4% 46.2% -3.4%
DE Metals and Mining -5.5% -13.1% -8.5% -42.8% -25.4% -37.2%
DE Market 0.3% -3.8% 2.5% -11.6% 10.1% 7.9%
1 Year Return vs Industry and Market
  • ILZ outperformed the Metals and Mining industry which returned -42.8% over the past year.
  • ILZ underperformed the Market in Germany which returned -11.6% over the past year.
Price Volatility
ILZ
Industry
5yr Volatility vs Market

Value

 Is Iluka Resources undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Iluka Resources to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Iluka Resources.

DB:ILZ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:ILZ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.035 (1 + (1- 30%) (1.3%))
1.03
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.03 * 5.96%)
6.37%

Discounted Cash Flow Calculation for DB:ILZ using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Iluka Resources is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:ILZ DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 6.37%)
2019 174.00 Analyst x3 163.58
2020 122.33 Analyst x3 108.13
2021 267.00 Analyst x2 221.86
2022 478.00 Analyst x2 373.42
2023 534.00 Analyst x1 392.19
2024 575.76 Est @ 7.82% 397.55
2025 607.68 Est @ 5.54% 394.47
2026 631.67 Est @ 3.95% 385.50
2027 649.56 Est @ 2.83% 372.69
2028 662.88 Est @ 2.05% 357.56
Present value of next 10 years cash flows A$3,166.95
DB:ILZ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= A$662.88 × (1 + 0.23%) ÷ (6.37% – 0.23%)
A$10,821.85
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$10,821.85 ÷ (1 + 6.37%)10
A$5,837.38
DB:ILZ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$3,166.95 + A$5,837.38
A$9,004.33
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$9,004.33 / 421.82
A$21.35
DB:ILZ Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:ILZ represents 0.61078x of ASX:ILU
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.61078x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (AUD) x Listing Adjustment Factor
= A$ 21.35 x 0.61078
€13.04
Value per share (EUR) From above. €13.04
Current discount Discount to share price of €5.50
= -1 x (€5.50 - €13.04) / €13.04
57.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Iluka Resources is available for.
Intrinsic value
>50%
Share price is €5.5 vs Future cash flow value of €13.04
Current Discount Checks
For Iluka Resources to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Iluka Resources's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Iluka Resources's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Iluka Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Iluka Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:ILZ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.72
ASX:ILU Share Price ** ASX (2019-05-21) in AUD A$9
Europe Metals and Mining Industry PE Ratio Median Figure of 106 Publicly-Listed Metals and Mining Companies 8.9x
Germany Market PE Ratio Median Figure of 423 Publicly-Listed Companies 20.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Iluka Resources.

DB:ILZ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:ILU Share Price ÷ EPS (both in AUD)

= 9 ÷ 0.72

12.46x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Iluka Resources is overvalued based on earnings compared to the Europe Metals and Mining industry average.
  • Iluka Resources is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Iluka Resources's expected growth come at a high price?
Raw Data
DB:ILZ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.46x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
0.8%per year
Europe Metals and Mining Industry PEG Ratio Median Figure of 63 Publicly-Listed Metals and Mining Companies 0.62x
Germany Market PEG Ratio Median Figure of 272 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

DB:ILZ PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.46x ÷ 0.8%

15.56x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Iluka Resources is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Iluka Resources's assets?
Raw Data
DB:ILZ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$2.63
ASX:ILU Share Price * ASX (2019-05-21) in AUD A$9
Germany Metals and Mining Industry PB Ratio Median Figure of 7 Publicly-Listed Metals and Mining Companies 2.9x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.79x
DB:ILZ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:ILU Share Price ÷ Book Value per Share (both in AUD)

= 9 ÷ 2.63

3.42x

* Primary Listing of Iluka Resources.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Iluka Resources is overvalued based on assets compared to the DE Metals and Mining industry average.
X
Value checks
We assess Iluka Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Iluka Resources has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Iluka Resources expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
0.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Iluka Resources expected to grow at an attractive rate?
  • Iluka Resources's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Iluka Resources's earnings growth is positive but not above the Germany market average.
  • Iluka Resources's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:ILZ Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:ILZ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 0.8%
DB:ILZ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 3.6%
Germany Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 41.6%
Europe Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 1.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:ILZ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:ILZ Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,705 433 1
2022-12-31 1,508 531 301 2
2021-12-31 1,496 531 330 8
2020-12-31 1,498 516 365 9
2019-12-31 1,386 532 366 9
DB:ILZ Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 1,354 627 304
2018-09-30 1,281 581 170
2018-06-30 1,208 535 36
2018-03-31 1,144 474 -68
2017-12-31 1,080 414 -172
2017-09-30 1,018 384 -228
2017-06-30 956 355 -285
2017-03-31 868 242 -254
2016-12-31 780 128 -224
2016-09-30 817 124 -106
2016-06-30 853 119 12
2016-03-31 868 174 33

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Iluka Resources's earnings are expected to grow by 0.8% yearly, however this is not considered high growth (20% yearly).
  • Iluka Resources's revenue is expected to grow by 3.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:ILZ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Iluka Resources Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ILZ Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 1.03 1.03 1.03 1.00
2022-12-31 0.71 0.99 0.54 3.00
2021-12-31 0.78 1.15 0.52 7.00
2020-12-31 0.87 1.17 0.58 8.00
2019-12-31 0.87 0.99 0.68 8.00
DB:ILZ Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.72
2018-09-30 0.40
2018-06-30 0.09
2018-03-31 -0.16
2017-12-31 -0.41
2017-09-30 -0.54
2017-06-30 -0.67
2017-03-31 -0.60
2016-12-31 -0.54
2016-09-30 -0.26
2016-06-30 0.03
2016-03-31 0.08

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Iluka Resources is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Iluka Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Iluka Resources has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Iluka Resources performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Iluka Resources's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Iluka Resources's year on year earnings growth rate has been positive over the past 5 years.
  • Iluka Resources has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Iluka Resources has become profitable in the last year making it difficult to compare the Europe Metals and Mining industry average.
Earnings and Revenue History
Iluka Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Iluka Resources Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ILZ Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,354.00 303.90 148.40
2018-09-30 1,280.85 169.95 134.05
2018-06-30 1,207.70 36.00 119.70
2018-03-31 1,143.80 -67.80 106.65
2017-12-31 1,079.90 -171.60 93.60
2017-09-30 1,017.90 -228.10 102.95
2017-06-30 955.90 -284.60 112.30
2017-03-31 867.90 -254.30 113.35
2016-12-31 779.90 -224.00 114.40
2016-09-30 816.55 -105.90 114.60
2016-06-30 853.20 12.20 114.80
2016-03-31 867.70 32.85 113.25
2015-12-31 882.20 53.50 111.70
2015-09-30 840.85 -0.15 107.00
2015-06-30 799.50 -53.80 102.30
2015-03-31 795.90 -58.15 99.90
2014-12-31 792.30 -62.50 97.50
2014-09-30 799.20 -33.30 94.85
2014-06-30 806.10 -4.10 92.20
2014-03-31 829.65 7.20 91.55
2013-12-31 853.20 18.50 90.90
2013-09-30 860.65 70.80 75.00
2013-06-30 868.10 123.10 59.10
2013-03-31 1,009.15 243.15 67.50
2012-12-31 1,150.20 363.20 75.90
2012-09-30 1,438.85 516.75 87.40 3.75
2012-06-30 1,727.50 670.30 98.90 7.50

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Iluka Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Iluka Resources used its assets more efficiently than the Europe Metals and Mining industry average last year based on Return on Assets.
  • Iluka Resources has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Iluka Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Iluka Resources has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Iluka Resources's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Iluka Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Iluka Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Iluka Resources's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Iluka Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 12.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Iluka Resources Company Filings, last reported 4 months ago.

DB:ILZ Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,110.00 49.50 51.30
2018-09-30 1,110.00 49.50 51.30
2018-06-30 954.00 115.40 81.10
2018-03-31 954.00 115.40 81.10
2017-12-31 885.50 236.10 53.60
2017-09-30 885.50 236.10 53.60
2017-06-30 1,006.00 373.80 69.20
2017-03-31 1,006.00 373.80 69.20
2016-12-31 1,103.00 607.60 101.30
2016-09-30 1,103.00 607.60 101.30
2016-06-30 1,305.90 177.40 53.30
2016-03-31 1,305.90 177.40 53.30
2015-12-31 1,408.60 49.00 55.00
2015-09-30 1,408.60 49.00 55.00
2015-06-30 1,395.50 159.50 79.30
2015-03-31 1,395.50 159.50 79.30
2014-12-31 1,434.60 160.30 101.30
2014-09-30 1,434.60 160.30 101.30
2014-06-30 1,528.20 189.20 34.00
2014-03-31 1,528.20 189.20 34.00
2013-12-31 1,538.10 253.00 46.40
2013-09-30 1,538.10 253.00 46.40
2013-06-30 1,566.60 226.60 29.60
2013-03-31 1,566.60 226.60 29.60
2012-12-31 1,567.10 150.20 54.30
2012-09-30 1,567.10 150.20 54.30
2012-06-30 1,582.80 148.30 31.10
  • Iluka Resources's level of debt (4.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (16.4% vs 4.5% today).
  • Debt is well covered by operating cash flow (1265.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 55.9x coverage).
X
Financial health checks
We assess Iluka Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Iluka Resources has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Iluka Resources's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.22%
Current annual income from Iluka Resources dividends. Estimated to be 3.68% next year.
If you bought €2,000 of Iluka Resources shares you are expected to receive €64 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Iluka Resources's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Iluka Resources's dividend is below the markets top 25% of dividend payers in Germany (3.86%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:ILZ Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
Germany Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:ILZ Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.50 1.00
2022-12-31 0.67 2.00
2021-12-31 0.39 9.00
2020-12-31 0.29 9.00
2019-12-31 0.24 10.00
DB:ILZ Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-02-20 0.290 3.233
2018-08-15 0.350 4.104
2018-02-26 0.310 2.759
2017-08-15 0.120 1.250
2017-02-22 0.000 0.000
2016-08-24 0.220 3.360
2016-02-18 0.250 3.772
2015-08-17 0.190 3.045
2015-03-18 0.190 2.362
2015-02-16 0.190 2.444
2014-03-25 0.080 1.026
2014-02-20 0.080 0.841
2013-08-20 0.100 1.036
2013-03-28 0.350 3.394
2013-02-20 0.350 3.595
2012-08-22 0.800 8.588
2012-03-27 0.750 6.254
2012-02-22 0.750 4.454
2011-08-25 0.400 2.523
2011-03-24 0.080 0.526
2011-02-24 0.080 0.756
2009-08-19 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Iluka Resources has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Iluka Resources only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Iluka Resources's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.2x coverage).
X
Income/ dividend checks
We assess Iluka Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Iluka Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Iluka Resources has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Iluka Resources's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Tom Patrick O’Leary
COMPENSATION A$2,802,403
AGE 55
TENURE AS CEO 2.7 years
CEO Bio

Mr. Tom J. P O'Leary, LLB, B.Juris, has been the Chief Executive Officer and Managing Director of Iluka Resources Limited since September 5, 2016. Mr. O'Leary served as Managing Director of Wesfarmers Chemicals, Energy & Fertilisers Limited from July 2010 to June 2016. He served as the Managing Director of Energy Division at Wesfarmers Limited since July 13, 2009 to September 1, 2015 and Wesfarmers Energy, Perth, Western Australia from 2009 to 2010. Mr. O'Leary joined Wesfarmers’ Business Development team in 2000 and became General Manager of the team in 2002 and later served as Executive General Manager of Business Development from 2000 to 2009. He served as a Director of Nikko Principal Investments Limited from 1998 to 2000 and Nomura International plc, London from 1997 to 1998. He has been a Director of Clontarf Foundation since 2006 and International Fertilizer Association since 2013. He has been Council Member of Edith Cowan University Council since 2016. He was employed at Robinson Cox from 1988 to 1990. He served as Solicitor of Allen & Overy from 1990 to 1997. He has been a Director of Iluka Resources Limited since October 13, 2016. He holds Bachelor of Jurisprudence (BJuris) from University of Western Australia, 1986. He has degree in law from The University of Western Australia in 1987 and completed Advanced Management Program from Harvard Business School in 2008.

CEO Compensation
  • Tom's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Tom's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Iluka Resources management team in years:

2.4
Average Tenure
  • The tenure for the Iluka Resources management team is about average.
Management Team

Tom Patrick O’Leary

TITLE
MD, CEO & Director
COMPENSATION
A$3M
AGE
55
TENURE
2.7 yrs

Adele Stratton

TITLE
Chief Financial Officer
COMPENSATION
A$821K
TENURE
0.8 yrs

Matthew Blackwell

TITLE
Head of Marketing & Procurement
COMPENSATION
A$1M

Steve Wickham

TITLE
Chief Operating Officer of Mineral Sands
COMPENSATION
A$1M
AGE
59
TENURE
4.9 yrs

Simon Hay

TITLE
Head of Resource Development
COMPENSATION
A$1M
TENURE
3.2 yrs

Julian Andrews

TITLE
Head of Strategy
COMPENSATION
A$786K
TENURE
2.3 yrs

Melissa Roberts

TITLE
General Manager of Investor Relations & Commercial Mineral Sands Operations
TENURE
0.5 yrs

Sue Wilson

TITLE
General Counsel & Company Secretary
TENURE
2.4 yrs

Sarah Hodgson

TITLE
General Manager of People & Sustainability
TENURE
2 yrs

Michael Fechner

TITLE
Manager of Exploration & Geology
Board of Directors Tenure

Average tenure and age of the Iluka Resources board of directors in years:

5.3
Average Tenure
56.5
Average Age
  • The tenure for the Iluka Resources board of directors is about average.
Board of Directors

Greg Martin

TITLE
Non-Executive Chairman
COMPENSATION
A$340K
AGE
58
TENURE
5.4 yrs

Tom Patrick O’Leary

TITLE
MD, CEO & Director
COMPENSATION
A$3M
AGE
55
TENURE
2.6 yrs

Jenny Seabrook

TITLE
Independent Non-Executive Director
COMPENSATION
A$196K
AGE
61
TENURE
11 yrs

Hutch Ranck

TITLE
Independent Non-Executive Director
COMPENSATION
A$193K
AGE
70
TENURE
6.3 yrs

Marcelo De Almeida Bastos

TITLE
Independent Non-Executive Director
COMPENSATION
A$160K
AGE
55
TENURE
5.3 yrs

Rob Cole

TITLE
Independent Non-Executive Director
COMPENSATION
A$145K
AGE
55
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Iluka Resources insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
03. May 19 Sell Vinva Investment Management Company 09. Apr 19 01. May 19 -67,664 €5.74 €-388,168
03. May 19 Buy Vinva Investment Management Company 09. Apr 19 01. May 19 124,685 €5.45 €679,367
10. Apr 19 Sell Vinva Investment Management Company 30. Mar 19 08. Apr 19 -238,700 €5.99 €-1,428,902
02. Apr 19 Sell Vinva Investment Management Company 02. Feb 19 29. Mar 19 -1,165,515 €5.66 €-6,599,071
02. Apr 19 Buy Vinva Investment Management Company 02. Feb 19 29. Mar 19 575,275 €5.55 €3,191,119
20. Mar 19 Sell BlackRock, Inc. Company 08. May 18 19. Mar 19 -9,660,517 €7.57 €-77,145
20. Mar 19 Buy BlackRock, Inc. Company 08. May 18 19. Mar 19 7,677,079 €7.49 €0
06. Mar 19 Sell Paradice Investment Management Pty Ltd. Company 18. Dec 18 22. Feb 19 -972,903 €5.24 €-5,094,527
06. Mar 19 Buy Paradice Investment Management Pty Ltd. Company 13. Dec 18 04. Mar 19 228,065 €5.51 €1,256,723
03. Mar 19 Sell Norges Bank Investment Management Company 25. Feb 19 27. Feb 19 -343,258 €5.88 €-2,017,600
03. Mar 19 Buy Norges Bank Investment Management Company 21. Feb 19 21. Feb 19 62,919 €5.91 €371,775
03. Mar 19 Sell Norges Bank Investment Management Company 28. Feb 19 28. Feb 19 -42,456 €5.80 €-246,446
27. Feb 19 Buy Robert Cole Individual 26. Feb 19 26. Feb 19 4,000 €5.84 €23,355
20. Feb 19 Sell Norges Bank Investment Management Company 30. Nov 18 07. Dec 18 -104,000 €5.05 €-524,752
20. Feb 19 Buy Norges Bank Investment Management Company 19. Nov 18 10. Dec 18 387,000 €5.23 €2,024,711
17. Feb 19 Sell The Vanguard Group, Inc. Company 12. Feb 19 12. Feb 19 -15,098 €5.74 €-86,600
17. Feb 19 Buy The Vanguard Group, Inc. Company 07. Feb 19 13. Feb 19 43,609 €5.88 €253,163
14. Feb 19 Sell MLC Investments Limited Company 08. Feb 19 08. Feb 19 -112 €5.56 €-623
11. Feb 19 Buy MLC Investments Limited Company 05. Feb 19 06. Feb 19 53,713 €5.70 €305,488
11. Feb 19 Buy Antares Capital Partners Pty. Ltd. Company 05. Feb 19 05. Feb 19 1,530 €5.65 €8,647
07. Feb 19 Sell MLC Investments Limited Company 23. Jan 19 04. Feb 19 -713,740 €5.14 €-3,665,727
07. Feb 19 Buy MLC Investments Limited Company 23. Jan 19 04. Feb 19 572,783 €5.16 €2,954,284
07. Feb 19 Sell Antares Capital Partners Pty. Ltd. Company 04. Feb 19 04. Feb 19 -100,000 €5.46 €-546,107
07. Feb 19 Buy Antares Capital Partners Pty. Ltd. Company 25. Jan 19 25. Jan 19 100,000 €5.04 €503,917
07. Feb 19 Buy OneVue Limited Company 31. Jan 19 31. Jan 19 18 €5.55 €100
07. Feb 19 Sell The Vanguard Group, Inc. Company 05. Feb 19 05. Feb 19 -27,790 €5.65 €-157,087
06. Feb 19 Buy The Vanguard Group, Inc. Company 30. Jan 19 04. Feb 19 16,076 €5.48 €87,960
05. Feb 19 Sell Vinva Investment Management Company 01. Oct 18 01. Feb 19 -4,204,081 €5.57 €-23,420,972
05. Feb 19 Buy Vinva Investment Management Company 01. Oct 18 01. Feb 19 5,043,515 €5.04 €25,418,833
03. Feb 19 Sell The Vanguard Group, Inc. Company 21. Jan 19 29. Jan 19 -53,905 €5.27 €-267,483
03. Feb 19 Buy The Vanguard Group, Inc. Company 08. Jan 19 23. Jan 19 41,363 €4.89 €200,061
25. Jan 19 Buy Antares Capital Partners Pty. Ltd. Company 17. Jan 19 22. Jan 19 530,000 €4.89 €2,537,938
25. Jan 19 Buy MLC Investment Management Limited Company 17. Jan 19 17. Jan 19 2,000 €4.79 €9,572
21. Jan 19 Sell MLC Investments Limited Company 15. Jan 19 16. Jan 19 -3,074 €4.80 €-14,717
17. Jan 19 Buy MLC Investments Limited Company 27. Dec 18 08. Jan 19 310,060 €4.68 €1,452,289
17. Jan 19 Buy Antares Capital Partners Pty. Ltd. Company 08. Jan 19 09. Jan 19 121,283 €4.78 €579,349
17. Jan 19 Buy MLC Investment Management Limited Company 03. Jan 19 03. Jan 19 1,611 €4.48 €7,217
08. Jan 19 Sell The Vanguard Group, Inc. Company 05. Sep 18 14. Dec 18 -85,779 €6.21 €-532,376
08. Jan 19 Buy The Vanguard Group, Inc. Company 04. Sep 18 03. Jan 19 1,482,109 €6.24 €9,175,509
31. Dec 18 Buy MLC Investments Limited Company 20. Dec 18 20. Dec 18 10,093 €4.58 €46,262
31. Dec 18 Buy MLC Investment Management Limited Company 20. Dec 18 20. Dec 18 55,127 €4.59 €253,305
24. Dec 18 Buy MLC Investments Limited Company 22. Aug 18 19. Dec 18 3,261,722 €5.91 €19,262,238
24. Dec 18 Buy Antares Capital Partners Pty. Ltd. Company 04. Sep 18 19. Dec 18 1,646,072 €5.10 €8,395,177
24. Dec 18 Buy MLC Investment Management Limited Company 20. Aug 18 05. Dec 18 148,197 €5.67 €839,761
14. Dec 18 Buy Paradice Investment Management Pty Ltd. Company 12. Dec 18 12. Dec 18 1,082,602 €4.79 €5,185,517
12. Dec 18 Sell Paradice Investment Management Pty Ltd. Company 20. Aug 18 10. Dec 18 -3,197,504 €5.42 €-17,319,776
12. Dec 18 Buy Paradice Investment Management Pty Ltd. Company 17. Aug 18 06. Dec 18 2,913,213 €5.74 €16,710,374
06. Dec 18 Sell Nikko Asset Management Co., Ltd. Company 21. Aug 18 03. Dec 18 -1,522,071 €5.28 €-8,038,615
06. Dec 18 Buy Nikko Asset Management Co., Ltd. Company 21. Aug 18 03. Dec 18 5,879,567 €6.45 €32,824,629
11. Nov 18 Buy Norges Bank Investment Management Company 06. Nov 18 06. Nov 18 168,000 €5.37 €901,820
01. Nov 18 Sell Norges Bank Investment Management Company 17. Aug 18 17. Aug 18 -1,120,376 €5.98 €-6,700,379
01. Nov 18 Buy Norges Bank Investment Management Company 04. Jul 18 21. Sep 18 2,386,810 €6.81 €0
03. Oct 18 Sell Schroder Investment Management Limited Company 01. Jun 18 03. Oct 18 -791,547 €7.00 €-5,507,195
03. Oct 18 Buy Schroder Investment Management Limited Company 01. Jun 18 03. Oct 18 5,949,259 €6.12 €36,304,835
03. Oct 18 Sell Schroder Investment Management North America Inc. Company 01. Jun 18 03. Oct 18 -7,228 €7.17 €-51,791
03. Oct 18 Buy Schroder Investment Management North America Inc. Company 01. Jun 18 03. Oct 18 276,338 €6.14 €1,696,754
02. Oct 18 Sell Vinva Investment Management Company 27. Jul 18 28. Sep 18 -1,888,265 €6.21 €-11,718,670
02. Oct 18 Buy Vinva Investment Management Company 27. Jul 18 28. Sep 18 1,399,428 €7.00 €9,797,747
23. Aug 18 Buy Nikko Asset Management Co., Ltd. Company 15. Aug 18 20. Aug 18 5,559,826 €6.30 €34,671,321
22. Aug 18 Buy Robert Cole Individual 21. Aug 18 21. Aug 18 4,000 €6.15 €24,590
22. Aug 18 Buy Xiaoling Liu Individual 20. Aug 18 20. Aug 18 2,000 €6.07 €12,143
20. Aug 18 Sell Paradice Investment Management Pty Ltd. Company 15. May 18 01. Aug 18 -1,023,559 €7.19 €-7,364,365
20. Aug 18 Buy Paradice Investment Management Pty Ltd. Company 18. May 18 16. Aug 18 1,183,214 €6.39 €7,556,164
17. Aug 18 Sell Nikko Asset Management Co., Ltd. Company 19. May 17 14. Aug 18 -5,706,466 €6.39 €-36,436,732
17. Aug 18 Buy Nikko Asset Management Co., Ltd. Company 19. May 17 14. Aug 18 11,328,602 €7.38 €73,244,850
30. Jul 18 Sell Vinva Investment Management Company 26. Mar 18 26. Jul 18 -1,048,396 €7.18 €-7,528,865
30. Jul 18 Buy Vinva Investment Management Company 26. Mar 18 26. Jul 18 9,560,204 €7.01 €67,041,026
31. May 18 Sell Schroder Investment Management Limited Company 23. Mar 18 31. May 18 -4,265,790 €7.55 €-31,304,917
31. May 18 Buy Schroder Investment Management Limited Company 23. Mar 18 31. May 18 46,733 €7.59 €354,664
31. May 18 Sell Schroder Investment Management North America Inc. Company 23. Mar 18 31. May 18 -370,997 €7.50 €-2,783,606
X
Management checks
We assess Iluka Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Iluka Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Iluka Resources Limited engages in the exploration, project development, mining, processing, marketing, and rehabilitation of mineral sands. The company operates through Australia, Sierra Rutile, United States, and Mining Area C segments. It produces zircon; titanium dioxide products of rutile and synthetic rutile; and ilmenite, as well as activated carbon and iron concentrate products. The company’s products are used in home, workplace, medical, lifestyle, and industrial applications. It has operations in Australia, China, rest of Asia, Europe, the Americas, and internationally. The company was formerly known as Westralian Sands Limited and changed its name to Iluka Resources Limited in May 1999. Iluka Resources Limited was founded in 1954 and is based in Perth, Australia.

Details
Name: Iluka Resources Limited
ILZ
Exchange: DB
Founded: 1954
A$2,339,005,741
421,823,595
Website: http://www.iluka.com
Address: Iluka Resources Limited
240 St Georges Terrace,
Level 14,
Perth,
Western Australia, 6000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX ILU Ordinary Shares Australian Securities Exchange AU AUD 01. Jan 1992
OTCPK ILKA.F Ordinary Shares Pink Sheets LLC US USD 01. Jan 1992
DB ILZ Ordinary Shares Deutsche Boerse AG DE EUR 01. Jan 1992
CHIA ILU Ordinary Shares Chi-X Australia AU AUD 01. Jan 1992
OTCPK ILKA.Y UNSPONSORD ADR Pink Sheets LLC US USD 05. Dec 2008
Number of employees
Current staff
Staff numbers
3,421
Iluka Resources employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/21 21:06
End of day share price update: 2019/05/21 00:00
Last estimates confirmation: 2019/05/17
Last earnings filing: 2019/02/20
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.