Rio Tinto (RIO)

Sector:

Mining

Index:

FTSE 100

5,395.00p
   
  • Change Today:
    -55.00p
  • 52 Week High: 5,891.00
  • 52 Week Low: 4,559.00
  • Currency: UK Pounds
  • Shares Issued: 1,252.50m
  • Volume: 596,440
  • Market Cap: £67,572m
  • RiskGrade: 142

Key Financials

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Growth Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Annualisation Factor 1.0 1.0 n/a 1.0 1.0
Dividend Yield 6.0% 6.8% 13.0% 6.8% 6.8%
           
Continuing Operations          
PE Ratio - Adjusted 10.1 8.8 4.6 8.9 8.9
PE Ratio - Diluted 11.9
10.1		 9.5
9.6		 4.7
4.7		 11.4
10.0		 11.6
11.4
PEG - Adjusted n/a n/a 0.1 0.4 0.4
PEG - Diluted n/a
n/a		 n/a
n/a		 0.0
0.1		 0.5
0.3		 n/a
n/a
Return on Capital Employed 22.13%
22.81%		 31.19%
28.46%		 0.36%
0.37%		 19.07%
20.80%		 15.51%
15.68%
Operating Margin 25.06%
27.10%		 32.47%
32.54%		 47.20%
47.65%		 34.79%
37.96%		 26.35%
26.63%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 10.1 8.8 459.1 8.9 8.9
PE Ratio - Diluted 11.9
10.1		 9.5
9.5		 468.3
462.1		 11.4
10.0		 11.6
11.4
PEG - Adjusted n/a 0.0 n/a 0.4 0.1
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
n/a		 0.5
0.3		 0.5
0.1

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Gearing 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Gearing 8.57% 10.85% 1.41% 7.72% 16.50%

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Value Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
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) 3,154.99¢ 2,980.00¢ 3,267.36¢ 2,980.22¢ 2,557.08¢
Net Cash per Share n/a n/a n/a n/a n/a

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Annualised Fundamentals 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue 54,041.00 55,554.00 640.92 44,611.00 43,165.00
EBITDA 18,875.00
19,977.00		 23,051.00
23,086.00		 349.93
352.82		 19,797.00
21,212.00		 11,373.00
11,495.00
Depreciation (5,334.00)
(5,334.00)		 (5,010.00)
(5,010.00)		 (47.41)
(47.41)		 (4,279.00)
(4,279.00)		 n/a
n/a
Net Interest (431.00)
(431.00)		 (156.00)
(156.00)		 (1.81)
(1.81)		 (127.00)
(127.00)		 (254.00)
(254.00)
Profit Before Tax 13,785.00
15,539.00		 18,662.00
18,560.00		 311.23
314.12		 15,391.00
16,806.00		 11,119.00
11,241.00
           
Revenue per Share 3,332.98¢ 3,429.68¢ 39.60¢ 2,758.19¢ 2,648.00¢
Pre-Tax Profit per Share 850.19¢
958.37¢		 1,152.12¢
1,145.82¢		 19.23¢
19.41¢		 951.59¢
1,039.08¢		 682.11¢
689.59¢
Market Capitalisation $ (Millions) 95,055.30 94,336.65 61,433.49 68,689.85 56,708.30
Enterprise Value (EV) $ (Millions) 109,292.30 106,260.65 72,349.49 79,791.85 68,635.30
EBITDA/EV 17.27%
18.28%		 21.69%
21.73%		 0.48%
0.49%		 24.81%
26.58%		 16.57%
16.75%
Operating Margin 25.06%
27.10%		 32.47%
32.54%		 47.20%
47.65%		 34.79%
37.96%		 26.35%
26.63%
Capital Employed $ (Millions) 70,022.00 65,754.00 85,843.00 81,392.00 73,320.00
Return on Capital Employed 22.13%
22.81%		 31.19%
28.46%		 0.36%
0.37%		 19.07%
20.80%		 15.51%
15.68%
Invested Equity Capital $ (Millions) 59,101.00 55,847.00 70,865.00 66,229.00 57,456.00
           
Earnings per Share - Basic 620.30¢
728.51¢		 765.00¢
758.74¢		 1,303.40¢
1,321.06¢		 604.00¢
691.48¢		 491.40¢
498.87¢
Earnings per Share - Diluted 616.50¢
724.00¢		 760.40¢
754.17¢		 1,295.00¢
1,312.54¢		 599.80¢
686.73¢		 487.80¢
495.22¢
Earnings per Share - Adjusted 725.00¢ 824.70¢ 1,321.10¢ 769.60¢ 636.30¢
Earnings per Share Growth - Basic -19%
-4%		 -41%
-43%		 116%
91%		 23%
39%		 -38%
-6%
Earnings per Share Growth - Diluted -19%
-4%		 -41%
-42%		 116%
91%		 23%
39%		 -38%
-7%
Earnings per Share Growth - Adjusted -12% -38% 72% 21% 24%
PE Ratio - Diluted 11.9
10.1		 9.5
9.6		 4.7
4.7		 11.4
10.0		 11.6
11.4
PEG - Diluted n/a
n/a		 n/a
n/a		 0.0
0.1		 0.5
0.3		 n/a
n/a
Tax Rate 29.23% 31.39% 27.72% 32.43% 37.30%
Dividend Cover 1.67
1.67		 1.68
1.54		 1.67
1.67		 1.66
1.49		 1.67
1.31
Interest Cover 15.26
17.07		 56.71
56.40		 127.88
129.06		 58.43
63.71		 21.07
21.29
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 620.30¢
728.51¢		 765.00¢
767.19¢		 13.16¢
13.34¢		 604.00¢
691.48¢		 491.40¢
498.87¢
Earnings per Share - Diluted 616.50¢
724.00¢		 760.40¢
762.58¢		 13.07¢
13.25¢		 599.80¢
686.73¢		 487.80¢
495.22¢
Earnings per Share - Adjusted 725.00¢ 824.70¢ 13.34¢ 769.60¢ 636.30¢
Earnings per Share Growth - Basic -19%
-5%		 5,715%
5,653%		 -98%
-98%		 23%
39%		 24%
87%
Earnings per Share Growth - Diluted -19%
-5%		 5,717%
5,656%		 -98%
-98%		 23%
39%		 24%
87%
Earnings per Share Growth - Adjusted -12% 6,084% -98% 21% 148%
PE Ratio - Diluted 11.9
10.1		 9.5
9.5		 468.3
462.1		 11.4
10.0		 11.6
11.4
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
n/a		 0.5
0.3		 0.5
0.1
Dividend Cover 1.67
1.67		 1.68
1.56		 0.02
0.02		 1.66
1.49		 1.67
1.31
Return on Equity (ROE) 17.02%
19.99%		 22.19%
22.25%		 0.30%
0.30%		 14.75%
16.89%		 13.94%
14.15%
Operating Cash Flow per Share 934.99¢ 996.05¢ 1,566.05¢ 0.98¢ 914.79¢
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 178.73¢ (372.33¢) 1.51¢ 0.15¢ (175.57¢)
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 435.00¢ 492.00¢ 793.00¢ 464.00¢ 382.00¢
Dividend per Share Growth (11.59%) (37.96%) 70.91% 21.47% 24.43%
Dividend Yield 6.0% 6.8% 13.0% 6.8% 6.8%
Shareholders Funds 54,586.00 50,634.00 51,432.00 47,054.00 40,532.00
Net Borrowings $ (Millions) 4,679.00 5,496.00 724.00 3,634.00 6,686.00
Net Asset Value per Share (inc. Intangibles) 3,046.75¢ 2,849.92¢ 2,948.65¢ 2,680.41¢ 2,268.14¢

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Gearing - inc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds inc Intangibles 54,586.00 50,634.00 51,432.00 47,054.00 40,532.00
Net Borrowings $ (Millions) 4,679.00 5,496.00 724.00 3,634.00 6,686.00
Net Gearing 8.57% 10.85% 1.41% 7.72% 16.50%
Cash & Near Cash 9,673.00 6,775.00 12,807.00 10,381.00 8,027.00
Cash 17.72% 13.38% 24.90% 22.06% 19.80%
Gross Borrowings 14,352.00 12,271.00 13,531.00 14,015.00 14,713.00
Gross Gearing 26.29% 24.23% 26.31% 29.78% 36.30%
Borrowings Under 5 years 14,352.00 12,271.00 13,531.00 14,015.00 14,713.00
Under 5 years 26.29% 24.23% 26.31% 29.78% 36.30%
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-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds exc Intangibles 49,400.00 46,163.00 47,721.00 43,353.00 36,973.00
Net Borrowings $ (Millions) 4,679.00 5,496.00 724.00 3,634.00 6,686.00
Net Gearing 9.47% 11.91% 1.52% 8.38% 18.08%
Cash & Near Cash 9,673.00 6,775.00 12,807.00 10,381.00 8,027.00
Cash 19.58% 14.68% 26.84% 23.95% 21.71%
Gross Borrowings 14,352.00 12,271.00 13,531.00 14,015.00 14,713.00
Gross Gearing 29.05% 26.58% 28.35% 32.33% 39.79%
Borrowings Under 5 years 14,352.00 12,271.00 13,531.00 14,015.00 14,713.00
Under 5 years 29.05% 26.58% 28.35% 32.33% 39.79%
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-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Quick Ratio 1.17 1.10 1.50 1.46 1.24
Current Ratio 1.69 1.64 1.93 1.80 1.56

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: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

Top of Page