FRESNILLO PLC ORD USD0.50
Symbol: FRES
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Company
Business Summary
Fresnillo plc is a holding company. Through its subsidiaries, the Company is engaged in the mining and beneficiation of non-ferrous minerals, and the sale of related production. The primary contents of this production include silver, gold, lead and zinc. The Company has seven operating mines: Fresnillo, located in the State of Zacatecas, which is primary silver mine; Saucito, located in the State of Zacatecas, an underground silver mine; Cienega, located in the State of Durango, an underground gold mine, including the San Ramon satellite mine; Herradura, located in the State of Sonora, a surface gold mine; Soledad-Dipolos mine, located in the State of Sonora, a surface gold mine; Noche Buena, located in State of Sonora, a surface gold mine, and San Julian, an underground gold and silver miner. The Company owns a number of subsidiaries in South and North America.
Financial Summary
BRIEF: For the fiscal year ended 31 December 2023, Fresnillo Plc revenues increased 11% to $2.71B. Net income decreased 14% to $233.9M. Revenues reflect Herradura segment increase of 12% to $708.2M. Net income was offset by Other operating income - Balancing value decrease of 52% to $34.4M (income), Administrative Expenses - Balancing valu increase of 38% to $107.6M (expense). Dividend per share decreased from $0.16 to $0.06.
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 | 2,705.09 | 2,432.99 | 2,703.10 | 2,430.06 | 2,119.64 | 2,103.79 |
Gross profit | 529.16 | 538.61 | 937.88 | 898.77 | 461.71 | 780.73 |
Operating Profit/Loss | 142.50 | 283.59 | 666.73 | 588.85 | 171.73 | 506.70 |
Profit Before Tax | 114.02 | 248.57 | 611.53 | 551.25 | 178.76 | 483.93 |
Profit After Tax | 288.30 | 308.29 | 438.50 | 375.58 | 205.81 | 349.97 |
Equity Holders of Parent Company | 233.91 | 271.90 | 421.21 | 374.12 | 204.00 | 349.85 |
Minority Interest | 240.95 | 194.81 | 167.26 | 134.10 | 132.24 | 78.85 |
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 | 4,198.59 | 3,974.10 | 3,679.05 | 3,671.19 | 3,684.16 | 3,453.32 |
Total Current Assets | 1,539.02 | 1,940.18 | 2,088.42 | 2,000.87 | 1,146.99 | 1,302.82 |
Total Assets | 5,737.61 | 5,914.28 | 5,767.47 | 5,672.06 | 4,831.15 | 4,756.14 |
Total Liabilities | 1,670.41 | 1,997.34 | 1,964.80 | 2,057.46 | 1,552.43 | 1,627.88 |
Total Net Assets | 4,067.20 | 3,916.94 | 3,802.67 | 3,614.60 | 3,278.72 | 3,128.25 |
Shareholders Funds | 3,771.85 | 3,685.73 | 3,618.12 | 3,479.05 | 3,144.66 | 3,049.29 |
Minority Interests | 240.95 | 194.81 | 167.26 | 134.10 | 132.24 | 78.85 |
Total Equity | 4,067.20 | 3,916.94 | 3,802.67 | 3,614.60 | 3,278.72 | 3,128.25 |
Outlook
Broker View
Data shown is based on the past 75 days of broker views.
ActionBrokers |
Strong Buy1 |
Buy1 |
Neutral10 |
Sell1 |
Strong Sell0 |
---|---|---|---|---|---|
Brokers | 1 | 1 | 10 | 1 | 0 |
Consensus |
ConsensusNeutral |
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 | £2,903.35mn | £2,952.99mn | £2,718.46mn |
Pre-tax-Profit | £442.19mn | £602.12mn | £397.97mn |
EPS | £0.21p | £0.32p | £0.21p |
EPS Growth | -13.66% | 51.07% | -35.59% |
P/E | 26.28 | 17.39 | 27.01 |
PEG Ratio | -1.92 | 0.34 | -0.76 |
Dividend | 12.02p | 14.83p | 13.66p |
Yield | 0.00% | 0.00% | 0.00% |
Upgrades & Downgrades (Latest)
Date | Broker | Recommendation | Price | Old Target | New Target | Change |
---|---|---|---|---|---|---|
25th Apr 2024 | Berenberg Bank | Reiteration | 579p | 480p | 570p | Hold |
10th Jul 2023 | Barclays | Reiteration | 603p | 630p | 525p | Equal-weight |
21st Jun 2023 | Morgan Stanley | Reiteration | 624p | 690p | 620p | Equal-weight |
8th Mar 2023 | JP Morgan Cazenove | Reiteration | 714p | 700p | 650p | Neutral |
7th Mar 2023 | Peel Hunt Limited | Reiteration | 708p | 0p | 800p | Hold |
1st Feb 2023 | RBC Capital Markets | Reiteration | 810p | 920p | 800p | Sector perform |
26th Jan 2023 | Barclays | Reiteration | 869p | 950p | 800p | Equal-weight |
19th Jan 2023 | UBS | DownGrade | 919p | 900p | 850p | Sell |
26th Oct 2022 | Berenberg Bank | Reiteration | 745p | 800p | 800p | Hold |
21st Oct 2022 | Barclays | Reiteration | 718p | 770p | 825p | Equal-weight |
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 |
---|---|---|---|---|
3 May 2024 | 16:35 | 549.5 | 199,563 | Sell |
3 May 2024 | 16:35 | 549.5 | 2,257 | Sell |
3 May 2024 | 16:35 | 549.5 | 927 | Sell |
3 May 2024 | 16:35 | 549.5 | 942 | Sell |
3 May 2024 | 16:35 | 549.5 | 652 | Sell |
3 May 2024 | 16:29 | 553 | 241 | Sell |
3 May 2024 | 16:29 | 553 | 1 | Sell |
3 May 2024 | 16:29 | 553 | 287 | Sell |
3 May 2024 | 16:29 | 553.5 | 164 | Buy |
3 May 2024 | 16:28 | 553 | 628 | Sell |
3 May 2024 | 16:28 | 553 | 162 | Sell |
3 May 2024 | 16:28 | 553 | 397 | Sell |
3 May 2024 | 16:28 | 553 | 9 | Sell |
3 May 2024 | 16:27 | 553.5 | 1 | Buy |
3 May 2024 | 16:26 | 553.5 | 133 | Sell |
3 May 2024 | 16:25 | 554 | 270 | Buy |
3 May 2024 | 16:25 | 553.5 | 147 | Sell |
3 May 2024 | 16:25 | 553.5 | 297 | Sell |
3 May 2024 | 16:25 | 553.5 | 588 | Buy |
3 May 2024 | 16:25 | 553.5 | 634 | Buy |
Selected data supplied by Thomson Reuters © View restrictions.