Added to YB: 2024-03-28
Pitch date: 2024-03-27
GRR.AX [bullish]
Grange Resources Limited
-32.75%
current return
Author Info
Company Info
Grange Resources Limited owns and operates integrated iron ore mining and pellet production business in Australia and internationally.
Market Cap
AUD 381.9M
Pitch Price
AUD 0.42
Price Target
N/A
Dividend
6.06%
EV/EBITDA
0.37
P/E
2.55
EV/Sales
0.17
Sector
Metals and Mining
Category
value
Australia: the spearhead of the mining industry - Grange Resources ($GRR.AX)
GRR.AX: Robust Australian iron ore firm; 24% net margins w/ strong FCF on current prices. 12+ yrs of proven reserves w/ production at 2.74Mt/yr magnesite. Positive net cash A$280M, 57% of market cap. High ROICs. Strategic investor Jiangsu Shagang at 48%. Chinese/Indian steel demand impacts volatility & prices. Trades at A$0.425, undervalued w/ high growth potential but risks in lease renewal by 2031 & potential environmental regulation. 1% portfolio inclusion.
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