Added to YB: 2024-10-01
Pitch date: 2024-07-24
RIO [bullish]
Rio Tinto Group
+83.43%
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 and lithium; and Copper segments.
Market Cap
GBP 191.3B
Pitch Price
GBP 57.11
Price Target
N/A
Dividend
3.59%
EV/EBITDA
9.45
P/E
18.38
EV/Sales
3.65
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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