Fresnillo (FRES)

Sector:

Mining

Index:

FTSE 100

549.50p
   
  • Change Today:
    -8.50p
  • 52 Week High: 730.00
  • 52 Week Low: 441.40
  • Currency: UK Pounds
  • Shares Issued: 736.89m
  • Volume: 696,215
  • Market Cap: £4,049.23m

Key Financials

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Growth Metrics 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Annualisation Factor 1.0 n/a 1.0 1.0 0.5
Dividend Yield 1.5% 3.0% 1.8% 1.8% 2.5%
           
Continuing Operations          
PE Ratio - Adjusted 32.3 19.6 32.3 34.8 23.5
PE Ratio - Diluted 30.7
33.0		 19.6
19.6		 28.0
28.0		 29.1
34.9		 22.8
23.5
PEG - Adjusted n/a 0.7 0.4 n/a 11.7
PEG - Diluted n/a
n/a		 1.5
1.5		 0.3
0.2		 n/a
n/a		 n/a
1.5
Return on Capital Employed 5.47%
5.14%		 0.12%
0.12%		 16.32%
16.32%		 4.85%
3.12%		 5.50%
5.43%
Operating Margin 12.48%
11.71%		 24.58%
24.59%		 28.00%
28.00%		 8.43%
6.84%		 24.41%
23.70%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 32.3 1,944.2 32.3 34.8 46.9
PE Ratio - Diluted 30.7
33.0		 1,944.2
1,944.3		 28.0
28.0		 29.1
34.9		 45.5
47.0
PEG - Adjusted 0.0 n/a 0.4 n/a n/a
PEG - Diluted 0.0
0.0		 n/a
n/a		 0.3
0.2		 1.7
n/a		 n/a
n/a

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Gearing 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Net Gearing 8.40% 1.13% (30.40%) 15.18% 7.85%

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Value Metrics 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Price/Book Value n/a n/a n/a n/a n/a
Price/Tangible Book Value n/a n/a n/a n/a n/a
Price/ Cash Flow n/a n/a n/a n/a n/a
Price/Revenue n/a n/a n/a n/a n/a
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 531.55¢ 516.04¢ 490.52¢ 444.94¢ 424.52¢
Net Cash per Share n/a n/a n/a n/a n/a

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Annualised Fundamentals 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Continuing Operations          
Revenue 2,432.99 27.29 2,430.05 2,119.64 1,051.89
EBITDA 804.30
785.52		 12.04
12.04		 1,185.70
1,185.70		 178.76
144.89		 466.79
459.32
Depreciation (500.57)
(500.57)		 (5.33)
(5.33)		 (505.38)
(505.38)		 n/a
n/a		 (210.01)
(210.01)
Net Interest (55.16)
(55.16)		 (0.53)
(0.53)		 (129.07)
(129.07)		 n/a
n/a		 (14.82)
(14.82)
Profit Before Tax 248.57
229.79		 6.17
6.18		 551.25
551.25		 178.76
144.89		 241.96
234.49
           
Revenue per Share 330.17¢ 3.70¢ 329.77¢ 287.64¢ 142.75¢
Pre-Tax Profit per Share 33.73¢
31.18¢		 0.84¢
0.84¢		 74.81¢
74.81¢		 24.26¢
19.66¢		 32.84¢
31.82¢
Market Capitalisation $ (Millions) 6,645.31 6,578.99 8,323.21 4,717.59 6,337.29
Enterprise Value (EV) $ (Millions) 7,887.51 7,820.03 8,270.02 5,449.07 7,065.43
EBITDA/EV 10.20%
9.96%		 0.15%
0.15%		 14.34%
14.34%		 3.28%
2.66%		 6.61%
6.50%
Operating Margin 12.48%
11.71%		 24.58%
24.59%		 28.00%
28.00%		 8.43%
6.84%		 24.41%
23.70%
Capital Employed $ (Millions) 5,549.08 5,404.66 4,167.75 4,644.90 4,589.15
Return on Capital Employed 5.47%
5.14%		 0.12%
0.12%		 16.32%
16.32%		 4.85%
3.12%		 5.50%
5.43%
Invested Equity Capital $ (Millions) 4,039.23 3,943.83 4,019.45 3,697.06 3,710.05
           
Earnings per Share - Basic 36.90¢
34.35¢		 57.20¢
57.20¢		 50.70¢
50.77¢		 27.70¢
23.09¢		 47.50¢
46.05¢
Earnings per Share - Diluted 36.90¢
34.35¢		 57.20¢
57.20¢		 50.70¢
50.77¢		 27.70¢
23.09¢		 47.50¢
46.05¢
Earnings per Share - Adjusted 35.10¢ 57.20¢ 44.00¢ 23.10¢ 46.10¢
Earnings per Share Growth - Basic -36%
-40%		 13%
13%		 83%
120%		 -42%
-50%		 -18%
16%
Earnings per Share Growth - Diluted -36%
-40%		 13%
13%		 83%
120%		 -42%
-50%		 -18%
16%
Earnings per Share Growth - Adjusted -39% 30% 90% -50% 2%
PE Ratio - Diluted 30.7
33.0		 19.6
19.6		 28.0
28.0		 29.1
34.9		 22.8
23.5
PEG - Diluted n/a
n/a		 1.5
1.5		 0.3
0.2		 n/a
n/a		 n/a
1.5
Tax Rate (24.03%) 28.30% 31.87% (15.14%) 27.68%
Dividend Cover 2.10
2.06		 1.69
1.69		 1.71
1.97		 1.59
1.59		 1.68
1.68
Interest Cover 4.05
3.82		 10.90
10.91		 4.90
4.90		 n/a
n/a		 10.68
10.38
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 36.90¢
34.35¢		 0.58¢
0.58¢		 50.70¢
50.77¢		 27.70¢
23.09¢		 23.75¢
23.03¢
Earnings per Share - Diluted 36.90¢
34.35¢		 0.58¢
0.58¢		 50.70¢
50.77¢		 27.70¢
23.09¢		 23.75¢
23.03¢
Earnings per Share - Adjusted 35.10¢ 0.58¢ 44.00¢ 23.10¢ 23.05¢
Earnings per Share Growth - Basic 6,291%
5,849%		 -99%
-99%		 83%
120%		 17%
0%		 -59%
-42%
Earnings per Share Growth - Diluted 6,291%
5,849%		 -99%
-99%		 83%
120%		 17%
0%		 -59%
-42%
Earnings per Share Growth - Adjusted 5,979% -99% 90% 0% -49%
PE Ratio - Diluted 30.7
33.0		 1,944.2
1,944.3		 28.0
28.0		 29.1
34.9		 45.5
47.0
PEG - Diluted 0.0
0.0		 n/a
n/a		 0.3
0.2		 1.7
n/a		 n/a
n/a
Dividend Cover 2.10
2.06		 0.02
0.02		 1.71
1.97		 1.59
1.59		 0.84
0.84
Return on Equity (ROE) 6.73%
6.27%		 0.11%
0.11%		 9.31%
9.31%		 5.52%
4.60%		 4.71%
4.57%
Operating Cash Flow per Share 68.15¢ 121.47¢ 124.53¢ 59.16¢ 79.84¢
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (36.11¢) 0.23¢ 99.11¢ (30.43¢) (21.21¢)
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 16.70¢ 33.90¢ 25.80¢ 14.50¢ 27.40¢
Dividend per Share Growth (50.74%) 31.40% 77.93% (47.08%) (8.97%)
Dividend Yield 1.5% 3.0% 1.8% 1.8% 2.5%
Shareholders Funds 3,685.73 3,618.12 3,479.04 3,144.66 3,049.28
Net Borrowings $ (Millions) 309.59 41.01 (1,057.67) 477.21 239.34
Net Asset Value per Share (inc. Intangibles) 500.17¢ 491.00¢ 472.12¢ 426.75¢ 413.80¢

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Gearing - inc Intangibles 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Shareholders' Funds inc Intangibles 3,685.73 3,618.12 3,479.04 3,144.66 3,049.28
Net Borrowings $ (Millions) 309.59 41.01 (1,057.67) 477.21 239.34
Net Gearing 8.40% 1.13% (30.40%) 15.18% 7.85%
Cash & Near Cash 969.06 1,235.28 1,070.42 336.58 560.78
Cash 26.29% 34.14% 30.77% 10.70% 18.39%
Gross Borrowings 1,278.65 1,276.29 12.74 813.78 800.13
Gross Gearing 34.69% 35.27% 0.37% 25.88% 26.24%
Borrowings Under 5 years 1,278.65 1,276.29 12.74 813.78 800.13
Under 5 years 34.69% 35.27% 0.37% 25.88% 26.24%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Gearing - exc Intangibles 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Shareholders' Funds exc Intangibles 3,685.73 3,618.12 3,479.04 3,144.66 3,049.28
Net Borrowings $ (Millions) 309.59 41.01 (1,057.67) 477.21 239.34
Net Gearing 8.40% 1.13% (30.40%) 15.18% 7.85%
Cash & Near Cash 969.06 1,235.28 1,070.42 336.58 560.78
Cash 26.29% 34.14% 30.77% 10.70% 18.39%
Gross Borrowings 1,278.65 1,276.29 12.74 813.78 800.13
Gross Gearing 34.69% 35.27% 0.37% 25.88% 26.24%
Borrowings Under 5 years 1,278.65 1,276.29 12.74 813.78 800.13
Under 5 years 34.69% 35.27% 0.37% 25.88% 26.24%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Cover 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Quick Ratio 2.10 3.61 4.84 4.86 6.60
Current Ratio 2.82 4.45 5.87 6.37 8.11

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 3: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 4: Normalised ratios are shown in blue text

Note 5: Forecast figures based on normalised accounts.

 

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