Rio Tinto PLC
RIO
ISIN GB0007188757 / Valor 402589
Rio Tinto PLC
UMushroom community rating:
About company
Rio Tinto PLC is a global mining group that specializes in the discovery, mining, and processing of mineral resources. The company operates a diverse portfolio of mining and processing operations across various countries and commodities, including but not limited to copper, aluminium, high-grade iron ore, and lithium. These materials are critical to a wide range of applications, from the construction of infrastructure and manufacturing of electric vehicles to the production of smartphones and other consumer electronics. Rio Tinto's business model emphasizes operational efficiency, safety, and profitability, while also aiming to contribute positively to the local economies where its operations are based. This includes providing jobs, skills development, paying taxes and royalties, and investing in community projects. The company is also focused on aligning its product offerings with market and customer needs, particularly in the context of the global transition to net-zero carbon emissions, which is expected to increase demand for its core commodities. Rio Tinto's global logistics network, encompassing rail, ports, and ships, plays a crucial role in supporting its worldwide operations and ensuring the efficient delivery of its products to the market.
Summarized from source with an LLMView SourceSector: Non-Energy MaterialsLatest Results (17.12.2024):
Revenue and EBITDA
In the first half of 2024, Rio Tinto PLC reported consolidated sales revenue of $26.8 billion, reflecting a 1% increase compared to the same period in 2023. The company achieved an underlying EBITDA of $12.1 billion, marking a 3% growth from the previous year. This performance underscores Rio Tinto's consistent financial stability as it continues to invest in growth initiatives.
Net Earnings and Dividends
Rio Tinto PLC's profit after tax attributable to its owners, also referred to as net earnings, amounted to $5.8 billion for the first half of 2024. The company maintained its practice of a 50% interim payout, resulting in an ordinary dividend of $2.9 billion, equivalent to 177 US cents per share. This reflects the company's commitment to returning value to shareholders while pursuing strategic investments.
Cash Flow and Investments
During the first half of 2024, Rio Tinto PLC generated net cash from operating activities totaling $7.1 billion. The company reported a free cash flow of $2.8 billion, after accounting for purchases of property, plant, equipment, and intangible assets amounting to $4.0 billion. These figures highlight Rio Tinto's robust cash generation capabilities and its focus on disciplined capital allocation.
Return on Capital Employed
Rio Tinto PLC achieved an underlying return on capital employed (ROCE) of 19% for the first half of 2024. This strong performance indicates the company's effective use of capital in generating returns, supported by stable commodity pricing and efficient operations across its portfolio.
Growth Outlook
Looking ahead, Rio Tinto PLC is on track to achieve around 2% growth in overall copper equivalent production for 2024. The company aims for a compound annual growth rate of approximately 3% from 2024 to 2028, driven by existing operations and projects. Key growth areas include the ramp-up of the Oyu Tolgoi underground copper mine and advancements in the Simandou iron ore project and Rincon lithium project.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
73771 M
Market cap (USD)
397,394
Daily traded volume (Shares)
47.17 / 46.905
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
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