GBP46.94
0.14% day before yesterday
London, Dec 27, 05:42 pm CET
ISIN
GB0007188757
Symbol
RIO

Rio Tinto Target price 2024 - Analyst rating & recommendation

Rio Tinto Classifications & Recommendation:

Buy
70%
Hold
20%
Sell
10%

Rio Tinto Price Target

Target Price GBP60.30
Price GBP46.94
Potential
Number of Estimates 18
18 Analysts have issued a price target Rio Tinto 2025 . The average Rio Tinto target price is GBP60.30. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 20 analysts: 14 Analysts recommend Rio Tinto to buy, 4 to hold and 2 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Rio Tinto stock has an average upside potential 2025 of . Most analysts recommend the Rio Tinto stock at Purchase.

Sales and Margin forecast 2024, 2025 to 2028

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Dec '23 2024
Estimates
Revenue Billion GBP 43.47 42.26
3.61% 2.80%
EBITDA Margin 37.43% 43.53%
10.71% 16.31%
Net Margin 18.57% 21.00%
16.64% 13.06%

17 Analysts have issued a sales forecast Rio Tinto 2024 . The average Rio Tinto sales estimate is

GBP42.3b
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. This is
1.81% lower
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than the revenue of the last 12 months(TTM). The highest sales forecast is
GBP44.9b 4.28%
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, the lowest is
GBP40.7b 5.42%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 GBP43.5b 3.61%
2024
GBP42.3b 2.80%
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2025
GBP41.4b 1.96%
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2026
GBP41.7b 0.75%
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2027
GBP44.3b 6.07%
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2028
GBP47.1b 6.38%
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18 Analysts have issued an Rio Tinto EBITDA forecast 2024. The average Rio Tinto EBITDA estimate is

GBP18.4b
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. This is
9.14% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
GBP19.7b 16.59%
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, the lowest is
GBP16.7b 0.64%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 GBP16.3b 13.93%
2024
GBP18.4b 13.07%
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2025
GBP18.7b 1.51%
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2026
GBP18.8b 0.68%
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2027
GBP19.0b 1.03%
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2028
GBP19.9b 4.60%
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EBITDA Margin

2023 37.43% 10.71%
2024
43.53% 16.31%
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2025
45.08% 3.56%
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2026
45.04% 0.09%
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2027
42.90% 4.75%
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2028
42.18% 1.68%
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8 Rio Tinto Analysts have issued a net profit forecast 2024. The average Rio Tinto net profit estimate is

GBP8.9b
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. This is
4.25% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
GBP9.7b 14.06%
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, the lowest is
GBP8.4b 0.81%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 GBP8.1b 19.65%
2024
GBP8.9b 9.89%
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2025
GBP8.5b 3.89%
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2026
GBP8.3b 2.31%
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Net Margin

2023 18.57% 16.64%
2024
21.00% 13.06%
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2025
20.58% 2.00%
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2026
19.96% 3.01%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2028

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Dec '23 2024
Estimates
Earnings Per Share GBP 4.99 5.48
19.65% 9.82%
P/E 8.56
EV/Sales 1.92

8 Analysts have issued a Rio Tinto forecast for earnings per share. The average Rio Tinto <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

GBP5.48
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. This is
4.18% higher
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
GBP6.00 14.07%
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, the lowest is
GBP5.22 0.76%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 GBP4.99 19.65%
2024
GBP5.48 9.82%
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2025
GBP5.27 3.83%
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2026
GBP5.15 2.28%
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P/E ratio

Current 8.92 32.68%
2024
8.56 4.04%
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2025
8.91 4.09%
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2026
9.12 2.36%
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Based on analysts' sales estimates for 2024, the Rio Tinto stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 1.89 16.74%
2024
1.92 1.70%
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2025
1.96 2.00%
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2026
1.95 0.74%
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2027
1.83 5.72%
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2028
1.72 6.00%
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P/S ratio

Current 1.77 18.52%
2024
1.80 1.84%
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2025
1.84 2.00%
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2026
1.83 0.75%
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2027
1.72 5.73%
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2028
1.62 6.00%
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