Commodity prices diverged in the quarter. Despite solid China steel production, iron ore and metallurgical coal prices are down, while copper rose on supply issues and hopes of faster global growth. However, prices are elevated compared with history and cost-curve support.
Iluka is an industry leader with relatively high-grade zircon and rutile deposits. Supply can be withheld to defend prices and margins in times of weak demand.
Mineral sands markets are relatively small. Sales volumes can go through periods of significant demand weakness, such as in 2008-09 and 2012-16.
|
Metric
|
ILU
|
BHP
|
NGLOY
|
|---|---|---|---|
Price/Earnings (Normalized) | 9.84 | 11.14 | 11.21 |
Price/Book Value | 1.50 | 3.62 | 1.46 |
Price/Sales | 2.52 | 2.72 | 1.09 |
Price/Cash Flow | 36.37 | 7.04 | 4.81 |
|
Metric
|
ILU
|
BHP
|
NGLOY
|
|---|---|---|---|
Quick Ratio | 2.20 | 1.08 | 1.06 |
Current Ratio | 4.56 | 1.57 | 1.85 |
Interest Coverage | 59.09 | 7.59 | 4.20 |
|
Metric
|
ILU
|
BHP
|
NGLOY
|
|---|---|---|---|
Return on Assets (Normalized) | 10.93% | 13.90% | 3.73% |
Return on Equity (Normalized) | 16.96% | 31.67% | 9.49% |
Return on Invested Capital (Normalized) | 15.70% | 21.70% | 6.06% |
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
BHPLF
| BHP Group Ltd | YH | Mcbzhg | $148.6 Bil | |
BHP
| BHP Group Ltd ADR | Cykqmrvs | Wgzh | $148.6 Bil | |
RTNTF
| Rio Tinto Ltd | — | Bdrh | $136.3 Bil | |
RIO
| Rio Tinto PLC ADR | Qpdqxvpw | Xclj | $110.2 Bil | |
VALE
| Vale SA ADR | Qwym | Csyqh | $52.0 Bil | |
NGLOY
| Anglo American PLC ADR | Tschqnwm | Kysk | $36.7 Bil | |
TECK
| Teck Resources Ltd Class B (Sub Voting) | Mprmtpgm | Yktfn | $23.6 Bil | |
LAC
| Lithium Americas Corp | Wvmjrksg | Qxmcg | $1.0 Bil | |
LAAC
| Lithium Americas (Argentina) Corp | Bdztppz | Msgfx | $786.2 Mil | |
CMP
| Compass Minerals International Inc | Swblpncnr | Wjrvjr | $528.0 Mil |
