Added to YB: 2024-10-01
Pitch date: 2024-07-24
RIO [bullish]
Rio Tinto Group
+28.9%
current return
Author Info
No bio for this author
Company Info
Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments.
Market Cap
GBP 125.1B
Pitch Price
GBP 58.70
Price Target
N/A
Dividend
5.51%
EV/EBITDA
7.22
P/E
11.61
EV/Sales
2.66
Sector
Metals and Mining
Category
value
Lazard International Equity Portfolio New Position: Rio Tinto Group
RIO: Low-cost iron ore assets (70% of profits) in Australia with 60% EBITDA margins. 30% ROCE/ROE, no net debt. Iron ore price pullback (China demand concerns) created entry. Copper (20% of profit) strong on energy transition. 6.5x P/E, 11% FCF yield. Strong balance sheet supports shareholder returns.
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