Mineral Resources reported a sharp turnaround in fiscal 2026 underlying net profit after tax to a record AUD 707 million against the AUD 198 million loss a year ago. Net debt fell 20% to AUD 4.3 billion, with net debt/EBITDA declining to 1.5 from 5.9. But shares fell 2% on Aug. 27.
Mineral Resources has grown strongly since listing in 2006. The chair and managing director have been with the business for decades and have meaningful shareholdings.
Mineral Resources' profits are exposed to volatile iron ore prices. We expect future iron ore prices to be much less favorable than the decadelong boom to 2014.
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Metric
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MIN
|
VALE
|
FMG
|
|---|---|---|---|
Price/Earnings (Normalized) | 12.95 | 12.16 | 9.22 |
Price/Book Value | 2.26 | 1.51 | 1.70 |
Price/Sales | 1.54 | 1.39 | 2.02 |
Price/Cash Flow | 4.76 | 6.01 | 5.00 |
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Metric
|
MIN
|
VALE
|
FMG
|
|---|---|---|---|
Quick Ratio | 1.26 | 0.68 | 1.70 |
Current Ratio | 1.61 | 1.19 | 2.32 |
Interest Coverage | 2.88 | 3.12 | 13.01 |
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Metric
|
MIN
|
VALE
|
FMG
|
|---|---|---|---|
Return on Assets (Normalized) | 6.71% | 6.01% | 11.10% |
Return on Equity (Normalized) | 21.82% | 14.19% | 17.01% |
Return on Invested Capital (Normalized) | 8.04% | 11.52% | 13.71% |
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1-Day Chart
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