GBP50.26
0.20% day before yesterday
London, Nov 01, 05:38 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 GBP58.41
Price GBP50.26
Potential
Number of Estimates 18
18 Analysts have issued a price target Rio Tinto 2025 . The average Rio Tinto target price is GBP58.41. 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 40.56
3.61% 6.70%
EBITDA Margin 37.43% 43.35%
10.36% 15.83%
Net Margin 18.57% 20.98%
16.77% 12.96%

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

GBP40.6b
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. This is
5.75% lower
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than the revenue of the last 12 months(TTM). The highest sales forecast is
GBP43.2b 0.33%
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, the lowest is
GBP38.8b 9.87%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 GBP43.5b 3.61%
2024
GBP40.6b 6.70%
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2025
GBP40.1b 1.02%
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2026
GBP40.6b 1.13%
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2027
GBP43.2b 6.44%
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2028
GBP46.0b 6.43%
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18 Analysts have issued an Rio Tinto EBITDA forecast 2024. The average Rio Tinto EBITDA estimate is

GBP17.6b
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. This is
4.31% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
GBP18.7b 11.09%
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, the lowest is
GBP16.0b 5.05%
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.

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

EBITDA Estimates

2023 GBP16.3b 13.59%
2024
GBP17.6b 8.07%
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2025
GBP18.1b 2.66%
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2026
GBP18.2b 0.77%
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2027
GBP18.8b 3.32%
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2028
GBP19.4b 3.23%
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EBITDA Margin

2023 37.43% 10.36%
2024
43.35% 15.83%
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2025
44.96% 3.71%
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2026
44.80% 0.36%
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2027
43.49% 2.92%
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2028
42.18% 3.01%
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8 Rio Tinto Analysts have issued a net profit forecast 2024. The average Rio Tinto net profit estimate is

GBP8.5b
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. This is
0.04% lower
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
GBP9.4b 10.48%
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, the lowest is
GBP8.0b 5.71%
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.

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

Net Profit Estimates

2023 GBP8.1b 19.77%
2024
GBP8.5b 5.37%
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2025
GBP8.3b 2.24%
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2026
GBP8.1b 3.10%
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Net Margin

2023 18.57% 16.77%
2024
20.98% 12.96%
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2025
20.72% 1.24%
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2026
19.85% 4.20%
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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 5.26
19.77% 5.41%
P/E 9.56
EV/Sales 2.14

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

GBP5.26
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. This is
0.00% lower
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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
GBP5.81 10.46%
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, the lowest is
GBP4.96 5.70%
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.

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

Earnings Per Share

2023 GBP4.99 19.77%
2024
GBP5.26 5.41%
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2025
GBP5.14 2.28%
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2026
GBP4.98 3.11%
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P/E ratio

Current 9.55 19.07%
2024
9.56 0.10%
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2025
9.78 2.30%
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2026
10.09 3.17%
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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 2.01 0.99%
2024
2.14 6.24%
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2025
2.16 1.03%
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2026
2.13 1.12%
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2027
2.00 6.05%
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2028
1.88 6.04%
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P/S ratio

Current 1.90 2.03%
2024
2.01 6.10%
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2025
2.03 1.03%
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2026
2.01 1.11%
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2027
1.89 6.05%
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2028
1.77 6.04%
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