Fresnillo (FRES)

Sector:

Mining

Index:

FTSE 100

619.50p
   
  • Change Today:
    -8.50p
  • 52 Week High: 691.80
  • 52 Week Low: 441.40
  • Currency: UK Pounds
  • Shares Issued: 736.89m
  • Volume: 1,019,085
  • Market Cap: £4,565.06m

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 0.7% 1.5% 3.0% 1.8% 1.8%
           
Continuing Operations          
PE Ratio - Adjusted 24.4 32.7 19.9 32.7 35.3
PE Ratio - Diluted 23.9
24.4		 31.1
32.7		 19.9
19.9		 28.4
28.3		 29.4
35.3
PEG - Adjusted n/a n/a 0.7 0.4 n/a
PEG - Diluted n/a
n/a		 n/a
n/a		 1.5
1.5		 0.3
0.2		 n/a
n/a
Return on Capital Employed 2.80%
2.66%		 5.47%
5.19%		 0.12%
0.12%		 16.32%
16.32%		 4.85%
3.12%
Operating Margin 5.63%
5.34%		 12.61%
11.84%		 24.58%
24.59%		 28.00%
28.00%		 8.43%
6.84%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 24.4 32.7 1,970.3 32.7 35.3
PE Ratio - Diluted 23.9
24.4		 31.1
32.7		 1,970.3
1,970.3		 28.4
28.3		 29.4
35.3
PEG - Adjusted n/a 0.0 n/a 0.4 n/a
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
n/a		 0.3
0.2		 1.7
n/a

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Gearing 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Gearing 10.99% 8.40% 1.13% (30.40%) 15.18%

  $ (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) 551.94¢ 531.55¢ 516.04¢ 490.52¢ 444.94¢
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 2,705.09 2,432.99 27.29 2,430.05 2,119.64
EBITDA 649.54
641.81		 807.30
788.52		 12.04
12.04		 1,185.70
1,185.70		 178.76
144.89
Depreciation (497.30)
(497.30)		 (500.57)
(500.57)		 (5.33)
(5.33)		 (505.38)
(505.38)		 n/a
n/a
Net Interest (38.22)
(38.22)		 (58.16)
(58.16)		 (0.53)
(0.53)		 (129.07)
(129.07)		 n/a
n/a
Profit Before Tax 114.02
106.29		 248.57
229.79		 6.17
6.18		 551.25
551.25		 178.76
144.89
           
Revenue per Share 367.09¢ 330.17¢ 3.70¢ 329.77¢ 287.64¢
Pre-Tax Profit per Share 15.47¢
14.42¢		 33.73¢
31.18¢		 0.84¢
0.84¢		 74.81¢
74.81¢		 24.26¢
19.66¢
Market Capitalisation $ (Millions) 4,380.10 6,645.31 6,578.99 8,323.21 4,717.59
Enterprise Value (EV) $ (Millions) 5,293.17 7,887.51 7,820.03 8,270.02 5,449.07
EBITDA/EV 12.27%
12.13%		 10.24%
10.00%		 0.15%
0.15%		 14.34%
14.34%		 3.28%
2.66%
Operating Margin 5.63%
5.34%		 12.61%
11.84%		 24.58%
24.59%		 28.00%
28.00%		 8.43%
6.84%
Capital Employed $ (Millions) 5,429.82 5,549.08 5,404.66 4,167.75 4,644.90
Return on Capital Employed 2.80%
2.66%		 5.47%
5.19%		 0.12%
0.12%		 16.32%
16.32%		 4.85%
3.12%
Invested Equity Capital $ (Millions) 4,185.52 4,039.23 3,943.83 4,019.45 3,697.06
           
Earnings per Share - Basic 31.70¢
31.01¢		 36.90¢
35.11¢		 57.20¢
57.20¢		 50.70¢
50.77¢		 27.70¢
23.09¢
Earnings per Share - Diluted 31.70¢
31.01¢		 36.90¢
35.11¢		 57.20¢
57.20¢		 50.70¢
50.77¢		 27.70¢
23.09¢
Earnings per Share - Adjusted 31.00¢ 35.10¢ 57.20¢ 44.00¢ 23.10¢
Earnings per Share Growth - Basic -14%
-12%		 -36%
-39%		 13%
13%		 83%
120%		 -42%
-50%
Earnings per Share Growth - Diluted -14%
-12%		 -36%
-39%		 13%
13%		 83%
120%		 -42%
-50%
Earnings per Share Growth - Adjusted -12% -39% 30% 90% -50%
PE Ratio - Diluted 23.9
24.4		 31.1
32.7		 19.9
19.9		 28.4
28.3		 29.4
35.3
PEG - Diluted n/a
n/a		 n/a
n/a		 1.5
1.5		 0.3
0.2		 n/a
n/a
Tax Rate (152.85%) (24.03%) 28.30% 31.87% (15.14%)
Dividend Cover 5.54
5.54		 2.10
2.10		 1.69
1.69		 1.71
1.97		 1.59
1.59
Interest Cover (1.25)
(1.10)		 (8.39)
(7.68)		 10.90
10.91		 4.90
4.90		 n/a
n/a
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 31.70¢
31.01¢		 36.90¢
35.11¢		 0.58¢
0.58¢		 50.70¢
50.77¢		 27.70¢
23.09¢
Earnings per Share - Diluted 31.70¢
31.01¢		 36.90¢
35.11¢		 0.58¢
0.58¢		 50.70¢
50.77¢		 27.70¢
23.09¢
Earnings per Share - Adjusted 31.00¢ 35.10¢ 0.58¢ 44.00¢ 23.10¢
Earnings per Share Growth - Basic -14%
-12%		 6,291%
5,982%		 -99%
-99%		 83%
120%		 17%
0%
Earnings per Share Growth - Diluted -14%
-12%		 6,291%
5,982%		 -99%
-99%		 83%
120%		 17%
0%
Earnings per Share Growth - Adjusted -12% 5,979% -99% 90% 0%
PE Ratio - Diluted 23.9
24.4		 31.1
32.7		 1,970.3
1,970.3		 28.4
28.3		 29.4
35.3
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
n/a		 0.3
0.2		 1.7
n/a
Dividend Cover 5.54
5.54		 2.10
2.10		 0.02
0.02		 1.71
1.97		 1.59
1.59
Return on Equity (ROE) 5.59%
5.46%		 6.73%
6.41%		 0.11%
0.11%		 9.31%
9.31%		 5.52%
4.60%
Operating Cash Flow per Share 57.80¢ 68.15¢ 121.47¢ 124.53¢ 59.16¢
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (59.63¢) (36.11¢) 0.23¢ 99.11¢ (30.43¢)
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 5.60¢ 16.70¢ 33.90¢ 25.80¢ 14.50¢
Dividend per Share Growth (66.47%) (50.74%) 31.40% 77.93% (47.08%)
Dividend Yield 0.7% 1.5% 3.0% 1.8% 1.8%
Shareholders Funds 3,771.85 3,685.73 3,618.12 3,479.04 3,144.66
Net Borrowings $ (Millions) 414.37 309.59 41.01 (1,057.67) 477.21
Net Asset Value per Share (inc. Intangibles) 511.86¢ 500.17¢ 491.00¢ 472.12¢ 426.75¢

  $ (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 3,771.85 3,685.73 3,618.12 3,479.04 3,144.66
Net Borrowings $ (Millions) 414.37 309.59 41.01 (1,057.67) 477.21
Net Gearing 10.99% 8.40% 1.13% (30.40%) 15.18%
Cash & Near Cash 534.58 969.06 1,235.28 1,070.42 336.58
Cash 14.17% 26.29% 34.14% 30.77% 10.70%
Gross Borrowings 948.95 1,278.65 1,276.29 12.74 813.78
Gross Gearing 25.16% 34.69% 35.27% 0.37% 25.88%
Borrowings Under 5 years 948.95 1,278.65 1,276.29 12.74 813.78
Under 5 years 25.16% 34.69% 35.27% 0.37% 25.88%
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 3,771.85 3,685.73 3,618.12 3,479.04 3,144.66
Net Borrowings $ (Millions) 414.37 309.59 41.01 (1,057.67) 477.21
Net Gearing 10.99% 8.40% 1.13% (30.40%) 15.18%
Cash & Near Cash 534.58 969.06 1,235.28 1,070.42 336.58
Cash 14.17% 26.29% 34.14% 30.77% 10.70%
Gross Borrowings 948.95 1,278.65 1,276.29 12.74 813.78
Gross Gearing 25.16% 34.69% 35.27% 0.37% 25.88%
Borrowings Under 5 years 948.95 1,278.65 1,276.29 12.74 813.78
Under 5 years 25.16% 34.69% 35.27% 0.37% 25.88%
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 2.89 2.10 3.61 4.84 4.86
Current Ratio 4.14 2.82 4.45 5.87 6.37

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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