Mineral Resources Limited
MIN.AXBasic MaterialsASXOther Industrial Metals & Mining · Last scanned May 28, 2026
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Daily timeframeHeadquartered within the basic materials sector, Mineral Resources Limited focuses on Other Industrial Metals & Mining services and products. Mineral Resources Limited, together with subsidiaries, provides mining services in Australia, Asia, and internationally. With a market capitalization of $14.15B, it sits in large-cap territory. It operates through Mining Services, Iron Ore, Lithium, and Energy and Other segments.
Market Cap
$14.15B
Beta
1.03
P/E (TTM)
35.45
P/E (Fwd)
20.20
EPS (TTM)
$2.02
EPS (Fwd)
$3.54
ROE
12.1%
ROA
2.5%
Cash
$671.0M
Total Debt
$5.52B
Free CF
-$353.0M
52W Change
212.4%
Annual Financials
Cash vs Debt
On the balance sheet, MIN.AX has $671.0M in cash with $5.52B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. The company is burning cash, with free cash flow at -$353.0M. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. Return on equity stands at 12.1%, which is decent for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 2.5% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $3.73B (2021) to $5.26B (2024), reflecting a 41% increase over the period.
Debt significantly exceeds cash reserves, which means the company's financial flexibility could be constrained during economic downturns. Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing MIN.AX.