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Mineral Resources (ASX:MIN) Valuation in Focus After Strong One-Month Share Price Recovery
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Thu 20 Feb 25, 07:00 AM| Breakdown | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 |
| Income before tax | -1117.00000M | 105.00M | 360.40M | 489.10M | 1792.70M |
| Minority interest | - | 11.00M | -1.00000M | -1.60000M | 42.60M |
| Net income | -904.00000M | 125.00M | 243.30M | 349.20M | 1269.70M |
| Selling general administrative | 1029.00M | 1396.00M | 986.70M | 658.00M | 505.80M |
| Selling and marketing expenses | - | 876.00M | 887.40M | 995.00M | 597.60M |
| Gross profit | 3819.00M | 1970.00M | 4110.00M | 2897.50M | 3128.40M |
| Reconciled depreciation | - | 628.00M | 450.40M | 352.20M | 258.00M |
| Ebit | -660.00000M | 367.00M | 863.70M | 611.50M | 1939.00M |
| Ebitda | 744.00M | 995.00M | 1314.10M | 963.70M | 2197.00M |
| Depreciation and amortization | 1404.00M | 628.00M | 450.40M | 352.20M | 258.00M |
| Non operating income net other | - | - | - | - | - |
| Operating income | 99.00M | 395.00M | 780.80M | 632.30M | 1620.20M |
| Other operating expenses | 5276.00M | 4883.00M | 3480.20M | 2181.50M | 1013.50M |
| Interest expense | 388.00M | 262.00M | 222.70M | 113.40M | 95.80M |
| Tax provision | -221.00000M | -9.00000M | 116.10M | 138.30M | 525.00M |
| Interest income | 302.00M | 58.00M | 160.20M | 10.70M | 10.00M |
| Net interest income | - | -204.00000M | -194.00000M | -112.70000M | -85.80000M |
| Extraordinary items | - | - | - | - | - |
| Non recurring | - | - | - | - | - |
| Other items | - | - | - | - | - |
| Income tax expense | 221.00M | -9.00000M | 116.10M | 138.30M | 525.00M |
| Total revenue | 4472.00M | 5278.00M | 4779.10M | 3418.00M | 3733.60M |
| Total operating expenses | 4623.00M | 1575.00M | 3007.50M | 2265.20M | 1500.00M |
| Cost of revenue | 653.00M | 3308.00M | 669.10M | 520.50M | 605.20M |
| Total other income expense net | -1216.00000M | -204.00000M | -548.10000M | -30.50000M | 250.10M |
| Discontinued operations | - | - | - | - | - |
| Net income from continuing ops | - | 114.00M | 244.30M | 350.80M | 1267.70M |
| Net income applicable to common shares | -904.00000M | 125.00M | 243.30M | 400.00M | 1269.70M |
| Preferred stock and other adjustments | - | - | - | - | - |
| Breakdown | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 |
| Total assets | 11927.00M | 12232.00M | 8395.20M | 7811.10M | 5852.90M |
| Intangible assets | 2.00M | - | 22.50M | 23.50M | 36.70M |
| Earning assets | - | - | - | - | - |
| Other current assets | 573.00M | 98.00M | 831.20M | 62.80M | 37.30M |
| Total liab | 8268.00M | 8648.00M | 4873.40M | 4540.00M | 2606.80M |
| Total stockholder equity | 3226.00M | 3545.00M | 3475.10M | 3226.90M | 3203.50M |
| Deferred long term liab | - | - | - | 2.70M | - |
| Other current liab | 533.00M | 423.00M | 27.20M | 320.80M | 427.10M |
| Common stock | 1043.00M | 1049.00M | 886.90M | 504.50M | 514.50M |
| Capital stock | - | - | 886.90M | 504.50M | 514.50M |
| Retained earnings | 1556.00M | 2459.00M | 2518.80M | 2693.50M | 2673.30M |
| Other liab | - | - | 479.80M | 642.00M | 517.80M |
| Good will | - | - | 0.00000M | 1.40M | 1.40M |
| Other assets | - | - | 69.90M | 816.00M | 844.30M |
| Cash | 412.00M | 908.00M | 1379.10M | 2428.20M | 1542.10M |
| Cash and equivalents | - | - | 44.90M | 726.90M | 214.50M |
| Total current liabilities | 1838.00M | 2462.00M | 1254.40M | 913.60M | 984.40M |
| Current deferred revenue | - | 84.00M | 271.00M | -124.60000M | -157.30000M |
| Net debt | 5350.00M | 4428.00M | 1855.00M | 697.50M | -280.20000M |
| Short term debt | 317.00M | 255.00M | 94.90M | 129.20M | 157.30M |
| Short long term debt | - | - | - | 14.20M | 26.40M |
| Short long term debt total | 5762.00M | 5336.00M | 3234.10M | 3125.70M | 1261.90M |
| Other stockholder equity | -53.00000M | -95.00000M | -3488.20000M | -3251.80000M | -3209.20000M |
| Property plant equipment | - | - | 4526.30M | 3601.00M | 2550.40M |
| Total current assets | 1946.00M | 2640.00M | 3474.50M | 3370.20M | 2033.30M |
| Long term investments | - | - | 302.00M | 160.70M | 388.20M |
| Net tangible assets | - | - | 3452.60M | 3246.00M | 3166.80M |
| Short term investments | 31.00M | - | - | - | - |
| Net receivables | 344.00M | 1027.00M | 657.80M | 626.60M | 331.30M |
| Long term debt | - | - | 2917.40M | 2801.50M | 920.20M |
| Inventory | 586.00M | 607.00M | 606.40M | 252.60M | 122.60M |
| Accounts payable | 988.00M | 1700.00M | 861.30M | 588.20M | 557.30M |
| Total permanent equity | - | - | - | - | - |
| Noncontrolling interest in consolidated entity | - | - | - | - | - |
| Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
| Accumulated other comprehensive income | 680.00M | 132.00M | 69.40M | 28.90M | 15.70M |
| Additional paid in capital | - | - | - | - | - |
| Common stock total equity | - | - | - | - | - |
| Preferred stock total equity | - | - | - | - | - |
| Retained earnings total equity | - | - | - | - | - |
| Treasury stock | - | - | - | - | -21.40000M |
| Accumulated amortization | - | - | - | - | - |
| Non currrent assets other | 870.00M | 987.00M | -4850.80000M | -3585.80000M | 715.80M |
| Deferred long term asset charges | - | - | - | - | - |
| Non current assets total | 9981.00M | 9592.00M | 4920.70M | 4440.90M | 3819.60M |
| Capital lease obligations | - | - | 316.70M | 310.00M | 315.30M |
| Long term debt total | - | - | 3139.20M | 2996.50M | 1104.60M |
| Breakdown | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 |
| Investments | - | -3866.00000M | -1901.80000M | -236.00000M | -57.80000M |
| Change to liabilities | - | - | 139.00M | 72.30M | 386.60M |
| Total cashflows from investing activities | -1274.00000M | -3866.00000M | -1901.80000M | -1036.00000M | -816.00000M |
| Net borrowings | - | 2213.00M | -112.10000M | 1593.00M | -90.70000M |
| Total cash from financing activities | 1248.00M | 1965.00M | -516.40000M | 1232.60M | -435.50000M |
| Change to operating activities | - | - | 36.00M | -404.00000M | 7.00M |
| Net income | -904.00000M | 125.00M | 243.30M | 349.20M | 1269.70M |
| Change in cash | -496.00000M | -471.00000M | -1049.10000M | 886.10M | 20.30M |
| Begin period cash flow | 908.00M | 1379.00M | 2428.20M | 1542.10M | 1521.80M |
| End period cash flow | 412.00M | 908.00M | 1379.10M | 2428.20M | 1542.10M |
| Total cash from operating activities | -475.00000M | 1449.00M | 1353.70M | 279.80M | 1309.40M |
| Issuance of capital stock | - | - | - | - | - |
| Depreciation | 1428.00M | 695.00M | 955.60M | 352.20M | 258.00M |
| Other cashflows from investing activities | 882.00M | -924.00000M | -80.90000M | 16.50M | -10.00000M |
| Dividends paid | -46.00000M | -170.00000M | 401.50M | 324.30M | 324.60M |
| Change to inventory | -165.00000M | 161.00M | -265.20000M | -67.50000M | -12.70000M |
| Change to account receivables | -307.00000M | -598.00000M | -93.70000M | -319.30000M | -123.60000M |
| Sale purchase of stock | - | 0.00000M | -2.80000M | -19.50000M | -20.20000M |
| Other cashflows from financing activities | 1075.00M | -78.00000M | -110.50000M | -150.00000M | -109.80000M |
| Change to netincome | - | - | 278.90M | 348.00M | -226.40000M |
| Capital expenditures | 2156.00M | 3764.00M | 1820.90M | 999.90M | 759.70M |
| Change receivables | - | - | - | - | - |
| Cash flows other operating | - | - | - | - | - |
| Exchange rate changes | - | - | - | - | - |
| Cash and cash equivalents changes | - | - | - | - | - |
| Change in working capital | -523.00000M | -427.00000M | -358.90000M | -386.80000M | -136.30000M |
| Stock based compensation | 22.00M | 32.00M | 32.50M | 11.60M | 10.20M |
| Other non cash items | -498.00000M | 1056.00M | 154.80M | -421.60000M | -218.30000M |
| Free cash flow | -2631.00000M | -2315.00000M | -467.20000M | -720.10000M | 549.70M |
Sector: Basic Materials Industry: Other Industrial Metals & Mining
| Company | Change (AUD) | Price (AUD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| MIN Mineral Resources Ltd |
3.14 5.78% | 57.45 | 27.33 | 11.85 | 2.08 | 2.97 | 3.11 | 7.76 |
| BHP BHP Group Ltd |
1.13 2.26% | 51.23 | 19.49 | 16.61 | 5.19 | 4.10 | 4.09 | 7.62 |
| RIO RIO Tinto Ltd |
0.93 0.61% | 153.61 | 18.36 | 19.30 | 4.47 | 3.03 | 3.55 | 8.90 |
| FMG Fortescue Ltd |
0.22 1.15% | 19.27 | 11.34 | 14.14 | 3.65 | 2.05 | 2.69 | 5.24 |
| S32 SOUTH32 Ltd |
-0.01 0.23% | 4.26 | 38.42 | 16.08 | 3.50 | 1.56 | 2.54 | 11.29 |
Mineral Resources Limited, together with subsidiaries, provides mining services in Australia, Asia, and internationally. It operates through Mining Services, Iron Ore, Lithium, and Energy and Other segments. The company offers pit-to-ship solutions comprising open pit mining, crushing and material handling, processing, haulage, port handling, and marine services; design and construction of mineral processing facilities; transport and logistics services comprising supply chain, road haulage, autonomous road train, and transshipping services; manufacturing of equipment and parts for the mining industry; site and rehabilitation services; and engineering and construction services. It also develops, mines, and exports iron ore from its flagship Onslow iron project located in Western Australia. In addition, the company develops and mines lithium from its mines located in Western Australia; and sells spodumene concentrate and lithium battery chemicals. Further, it engages in exploration and drilling services for the energy sector; manganese and garnet; gas production; and generation of power through natural gas and LNG, solar, wind, and geothermal. Mineral Resources Limited was founded in 1992 and is headquartered in Osborne Park, Australia.
20 Walters Drive, Osborne Park, WA, Australia, 6017
| Name | Title | Year Born |
|---|---|---|
| Mr. Christopher James Ellison | Founder, MD & Exec. Director | 1957 |
| Mr. Mark G. Wilson ASIA, B.Com, LLB | CFO & Company Sec. | 1967 |
| Mr. Michael Grey | Chief Exec. of Mining Services | NA |
| Mr. James Bruce | Head of Investor Relations | NA |
| Mr. Kazbek Shaimerdinov | Head of Legal Department and Acting Managing Director of Legal Support and Risk | NA |
| Ms. Bronwyn Grieve | Chief People & Shared Services Officer | NA |
| Mr. Chris Soccio | Chief Exec. of Iron Ore | NA |
| Mr. Joshua Thurlow | Chief Exec. Officer of Lithium | NA |
| Mr. Derek Oelofse | Group Financial Controller & Joint Company Sec. | NA |
| Mr. Christopher James Ellison | Founder, MD & Executive Director | 1957 |
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