Financials Rio Tinto plc

Equities

RIO

GB0007188757

Diversified Mining

Market Closed - London S.E. 11:35:12 2024-05-30 am EDT 5-day change 1st Jan Change
5,488 GBX +0.18% Intraday chart for Rio Tinto plc -3.38% -6.06%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 100,689 125,766 109,523 117,023 127,266 118,527 - -
Enterprise Value (EV) 1 104,340 126,430 107,947 121,211 131,497 123,104 123,209 124,653
P/E ratio 12.2 x 12.5 x 5.11 x 9.2 x 12.1 x 9.72 x 10.2 x 11.2 x
Yield 6.4% 6.2% 15.7% 7.02% 5.85% 6.23% 6.07% 5.75%
Capitalization / Revenue 2.33 x 2.82 x 1.72 x 2.11 x 2.35 x 2.23 x 2.24 x 2.24 x
EV / Revenue 2.42 x 2.83 x 1.7 x 2.18 x 2.43 x 2.31 x 2.33 x 2.36 x
EV / EBITDA 4.92 x 5.29 x 2.86 x 4.61 x 5.5 x 4.93 x 4.93 x 5.16 x
EV / FCF 11.1 x 13.1 x 6.01 x 13.5 x 17.2 x 17.3 x 17 x 14.4 x
FCF Yield 9.03% 7.66% 16.6% 7.43% 5.82% 5.79% 5.87% 6.94%
Price to Book 2.4 x 2.57 x 2.08 x 2.26 x 2.21 x 1.88 x 1.75 x 1.65 x
Nbr of stocks (in thousands) 1,618,730 1,616,304 1,618,208 1,619,647 1,621,558 1,622,699 - -
Reference price 2 59.71 74.80 66.18 70.13 74.36 69.65 69.65 69.65
Announcement Date 2/26/20 2/17/21 2/23/22 2/22/23 2/21/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 43,165 44,611 63,495 55,554 54,041 53,197 52,949 52,851
EBITDA 1 21,197 23,902 37,720 26,272 23,892 24,990 24,989 24,173
EBIT 1 16,813 19,623 33,023 20,508 15,498 18,592 17,907 16,459
Operating Margin 38.95% 43.99% 52.01% 36.92% 28.68% 34.95% 33.82% 31.14%
Earnings before Tax (EBT) 1 11,119 15,391 30,833 18,662 13,785 17,564 17,126 15,847
Net income 1 8,010 9,769 21,094 12,420 10,058 12,294 11,983 11,230
Net margin 18.56% 21.9% 33.22% 22.36% 18.61% 23.11% 22.63% 21.25%
EPS 2 4.878 5.998 12.95 7.621 6.165 7.168 6.817 6.224
Free Cash Flow 1 9,424 9,686 17,961 9,010 7,657 7,123 7,229 8,648
FCF margin 21.83% 21.71% 28.29% 16.22% 14.17% 13.39% 13.65% 16.36%
FCF Conversion (EBITDA) 44.46% 40.52% 47.62% 34.3% 32.05% 28.5% 28.93% 35.77%
FCF Conversion (Net income) 117.65% 99.15% 85.15% 72.54% 76.13% 57.93% 60.33% 77.01%
Dividend per Share 2 3.820 4.640 10.40 4.920 4.350 4.337 4.230 4.008
Announcement Date 2/26/20 2/17/21 2/23/22 2/22/23 2/21/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2 2025 S1 2025 S2
Net sales 1 22,443 19,362 25,249 33,083 30,412 29,775 25,779 26,667 27,374 26,323 27,214 26,768 27,116
EBITDA 1 10,947 9,640 14,262 21,037 16,683 15,597 10,675 11,728 12,164 12,012 12,686 11,678 11,169
EBIT 1 8,659 7,548 12,075 19,000 14,023 12,674 7,834 7,678 7,820 9,140 9,633 9,199 9,486
Operating Margin 38.58% 38.98% 47.82% 57.43% 46.11% 42.57% 30.39% 28.79% 28.57% 34.72% 35.4% 34.37% 34.98%
Earnings before Tax (EBT) 1 - 5,279 10,112 18,049 12,784 12,315 6,347 6,930 6,855 9,085 10,286 - -
Net income 1 - 3,316 6,453 12,313 8,781 8,908 3,512 5,117 4,941 6,086 7,028 - -
Net margin - 17.13% 25.56% 37.22% 28.87% 29.92% 13.62% 19.19% 18.05% 23.12% 25.83% - -
EPS 2 2.371 2.052 - 7.610 - 5.501 2.120 3.139 3.026 3.700 - - -
Dividend per Share 2.310 1.550 3.090 5.610 4.790 2.670 2.250 1.770 2.580 - - - -
Announcement Date 2/26/20 7/29/20 2/17/21 7/28/21 2/23/22 7/27/22 2/22/23 7/26/23 2/21/24 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 3,651 664 - 4,188 4,231 4,578 4,682 6,127
Net Cash position 1 - - 1,576 - - - - -
Leverage (Debt/EBITDA) 0.1722 x 0.0278 x - 0.1594 x 0.1771 x 0.1832 x 0.1874 x 0.2534 x
Free Cash Flow 1 9,424 9,686 17,961 9,010 7,657 7,123 7,229 8,648
ROE (net income / shareholders' equity) 24.6% 28.4% 42.8% 24.4% 19.1% 21.3% 19% 16.1%
ROA (Net income/ Total Assets) 11.6% 13.4% 21.1% 12.4% 10% 11.5% 11.2% 10.1%
Assets 1 69,015 72,668 100,143 99,820 100,161 106,734 106,637 111,501
Book Value Per Share 2 24.90 29.10 31.80 31.00 33.70 37.00 39.80 42.10
Cash Flow per Share 2 9.080 9.750 15.60 9.900 9.290 10.60 10.50 10.00
Capex 1 5,488 6,189 7,384 6,750 7,086 10,114 10,112 9,183
Capex / Sales 12.71% 13.87% 11.63% 12.15% 13.11% 19.01% 19.1% 17.38%
Announcement Date 2/26/20 2/17/21 2/23/22 2/22/23 2/21/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
19
Last Close Price
69.65 USD
Average target price
77.12 USD
Spread / Average Target
+10.73%
Consensus
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