RIO TINTO ORD GBP0.10
Symbol: RIO
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Charts
Company
Business Summary
Rio Tinto plc is a United Kingdom-based mining and metals company. The Company operates in 35 countries where it produces iron ore, copper, aluminum, critical minerals and other materials needed for the global energy transition. Its segments include Iron Ore, Aluminum, Copper, and Minerals. Iron Ore segment is engaged in mining and salt and gypsum production in Western Australia. Aluminum segment is engaged in bauxite mining, alumina refining, and aluminum smelting. Copper segment is engaged in mining and refining of copper, gold, silver, molybdenum, other by-products and exploration activities which is the responsibility of the Copper product Company chief executive. Minerals segment includes businesses with products such as borates, titanium dioxide feedstock together with the iron ore company of Canada (iron ore mining and iron concentrate/pellet production). It also includes diamond mining, sorting and marketing and development projects for battery minerals, such as lithium.
Financial Summary
BRIEF: For the fiscal year ended 31 December 2023, Rio Tinto plc revenues decreased 3% to $54.04B. Net income decreased 19% to $10.06B. Revenues reflect Aluminium segment decrease of 13% to $12.29B, United States segment decrease of 15% to $7.52B, Iron Ore Production -Hope Downs decrease of 5% to 23.2M metric tons. Net income also reflects Impairment of Fixed Asset increase from $0K to $1.17B (expense).
Financials
Income Statement - All values are in GBP (M).
Year Ending |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
31/12/2018 |
---|---|---|---|---|---|---|
Total Revenue | 54,041.00 | 55,554.00 | 63,495.00 | 44,611.00 | 43,165.00 | 40,522.00 |
Gross profit | 27,444.00 | 30,262.00 | 41,229.00 | 26,260.00 | 23,639.00 | 20,655.00 |
Operating Profit/Loss | 14,823.00 | 19,731.00 | 29,748.00 | 16,490.00 | 11,466.00 | 17,593.00 |
Profit Before Tax | 13,785.00 | 18,662.00 | 30,833.00 | 15,391.00 | 11,119.00 | 18,167.00 |
Profit After Tax | 9,953.00 | 13,076.00 | 22,597.00 | 10,400.00 | 6,972.00 | 13,925.00 |
Equity Holders of Parent Company | 10,058.00 | 12,420.00 | 21,115.00 | 9,769.00 | 8,010.00 | 13,638.00 |
Minority Interest | 1,860.00 | 1,443.00 | 3,676.00 | 4,218.00 | 5,748.00 | 5,850.00 |
Balance Sheet - All values are in GBP (M).
Year Ending |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
31/12/2018 |
---|---|---|---|---|---|---|
Total Non-Current Assets | 82,039.00 | 77,771.00 | 78,464.00 | 76,535.00 | 70,499.00 | 70,781.00 |
Total Current Assets | 21,510.00 | 18,973.00 | 24,432.00 | 20,855.00 | 17,303.00 | 20,168.00 |
Total Assets | 103,549.00 | 96,744.00 | 102,896.00 | 97,390.00 | 87,802.00 | 90,949.00 |
Total Liabilities | 47,208.00 | 44,470.00 | 46,306.00 | 45,487.00 | 42,560.00 | 41,126.00 |
Total Net Assets | 56,341.00 | 52,274.00 | 56,590.00 | 51,903.00 | 45,242.00 | 49,823.00 |
Shareholders Funds | 54,586.00 | 50,175.00 | 51,432.00 | 47,054.00 | 40,532.00 | 43,686.00 |
Minority Interests | 1,860.00 | 1,443.00 | 3,676.00 | 4,218.00 | 5,748.00 | 5,850.00 |
Total Equity | 56,341.00 | 52,274.00 | 56,590.00 | 51,903.00 | 45,242.00 | 49,823.00 |
Outlook
Broker View
Data shown is based on the past 75 days of broker views.
ActionBrokers |
Strong Buy6 |
Buy6 |
Neutral9 |
Sell1 |
Strong Sell0 |
---|---|---|---|---|---|
Brokers | 6 | 6 | 9 | 1 | 0 |
Consensus |
ConsensusBuy |
Not advice based on your circumstances. Does not constitute a recommendation to buy or sell this or any other security. Selected data supplied by Digital Look® Read more.
Forecasts
Year | 2024 | 2025 | 2026 |
---|---|---|---|
Revenue | £54,645.70mn | £52,606.50mn | £52,213.70mn |
Pre-tax-Profit | £19,659.80mn | £17,798.80mn | £16,739.70mn |
EPS | £6.17p | £5.59p | £5.38p |
EPS Growth | 7.26% | -9.42% | -3.73% |
P/E | 8.17 | 8.99 | 9.15 |
PEG Ratio | 1.13 | -0.95 | -2.46 |
Dividend | 365.40p | 325.70p | 318.83p |
Yield | 0.00% | 0.00% | 0.00% |
Upgrades & Downgrades (Latest)
Date | Broker | Recommendation | Price | Old Target | New Target | Change |
---|---|---|---|---|---|---|
22nd Feb 2024 | JP Morgan Cazenove | Reiteration | 5170p | 7000p | 7040p | Overweight |
22nd Feb 2024 | RBC Capital Markets | Reiteration | 5170p | 6100p | 5900p | Sector perform |
19th Feb 2024 | Berenberg Bank | Reiteration | 5428p | 0p | 6200p | Buy |
23rd Nov 2023 | JP Morgan Cazenove | Reiteration | 5502p | 0p | 0p | Neutral |
23rd Nov 2023 | Berenberg Bank | Reiteration | 5502p | 0p | 6000p | Buy |
10th Oct 2023 | JP Morgan Cazenove | Reiteration | 5063p | 0p | 0p | Neutral |
10th Oct 2023 | Berenberg Bank | Reiteration | 5063p | 6300p | 6000p | Buy |
20th Jul 2023 | JP Morgan Cazenove | Reiteration | 5174p | 0p | 5390p | Underweight |
19th Jul 2023 | Berenberg Bank | Reiteration | 5096p | 6400p | 6100p | Buy |
18th Jul 2023 | Citigroup | Reiteration | 5110p | 0p | 0p | Buy |
Time & Sales
All prices are in GBX and times are in GMT. Last 20 trades shown. Trade type is estimated and should be treated as indicative only.
Date | Time | Price | Volume | Type |
---|---|---|---|---|
28 Mar 2024 | 18:11 | 4,988.999 | 2 | Sell |
28 Mar 2024 | 18:11 | 5,004.153 | 288 | Sell |
28 Mar 2024 | 18:11 | 5,018.502 | 96 | Sell |
28 Mar 2024 | 18:09 | 5,029.637 | 12,470 | Sell |
28 Mar 2024 | 18:08 | 5,009.045 | 41,609 | Sell |
28 Mar 2024 | 18:07 | 5,022.093 | 16,930 | Sell |
28 Mar 2024 | 17:59 | 5,017 | 8,116 | Sell |
28 Mar 2024 | 17:58 | 5,017 | 1,054 | Sell |
28 Mar 2024 | 17:58 | 5,017 | 10,283 | Sell |
28 Mar 2024 | 17:52 | 5,005.991 | 66,669 | Sell |
28 Mar 2024 | 17:52 | 5,015.902 | 104,191 | Sell |
28 Mar 2024 | 17:51 | 5,016.925 | 359 | Sell |
28 Mar 2024 | 17:48 | 5,017.075 | 1,846 | Sell |
28 Mar 2024 | 17:48 | 5,016.92 | 99,543 | Sell |
28 Mar 2024 | 17:45 | 4,990.423 | 26 | Sell |
28 Mar 2024 | 17:45 | 5,025.971 | 105 | Sell |
28 Mar 2024 | 17:45 | 5,010.362 | 61,541 | Sell |
28 Mar 2024 | 17:45 | 5,022.63 | 5,082 | Sell |
28 Mar 2024 | 17:45 | 5,005.374 | 91 | Sell |
28 Mar 2024 | 17:45 | 5,041 | 36,691 | Sell |
Selected data supplied by Thomson Reuters © View restrictions.