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Grange Resources Limited (ASX: GRR) - Financials

Current share price for GRR : $0.425 0.005 (1.16%)

Grange Resources Limited (GRR, formerly Surfboard Limited) is a magnetite producer which owns and operates iron ore mining and pellet production business, located in the northwest region of Tasmania. Grange will produce steel-making raw materials economically and effectively.

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GRR Per Share

Year to Jun Sales Cashflow Earnings Dividends Franking Book Value Average
Annual P/E		 Relative P/E Shareholder Return
2023 $0.54 23.1 ¢ 13 ¢ 2 ¢ 100% $0.89 4.71 31.1% -43.4%
2022 $0.51 17 ¢ 14.8 ¢ 4 ¢ 100% $0.78 6.94 41.9% 25.5%
2021 $0.68 43 ¢ 27.6 ¢ 22 ¢ 100% $0.75 1.76 14.9% 261.2%

GRR Capital Structure

Total Debt Interest Long Term Debt Percent Debt Preferred Stock Share Equity Percent Equity
$2,215.00 $4,121.00 $773.00 0% $0.00 $1,031,326 100%
Note: All dollars in thousands ('000) for the table above

GRR Historical Financials

2023 2022 2021
Revenue ($M) 622.9 594.7 781.9
Operating Margin (%) 41.9 45.1 60.4
Depreciation ($M) -55.5 -25.5 -18.3
Amortisation ($M)
Net Profit Before Abs ($M) 150.9 171.7 319.7
Net Profit After Abs ($M) 150.1 171.7 322.3
Income Tax Rate (%) 30.2 31 30.2
Net Profit Margin (%) 24.2 28.9 40.9
Employees ($T)
Long Term Debt ($M) 0.8 2.2 0.5
Shareholders Equity ($M) 1,031.3 904.1 871.2
Return on Capital (%) 15 19 37
Return on Equity (%) 14.6 19 36.7
Payout Ratio (%) 15 27 80

GRR Cashflow

2023 2022 2021
Customer Receipts ($M) 612 561 842
Net Operating Cashflow ($M) 267.1 196.9 498.2
Net Investing Cashflow ($M) -242 -396 -80
Net Financing Cashflow ($M) -25 -146 -165

GRR Market & Earnings

2023 2022 2021
Market Cap ($M) 538 978 874
Net Gearing (%) -10.4 -11.3 -48.9
Net Interest Cover (%) -19.5 -38.6 -104.8
Dividend Yield (%) 4.3 4.7 29.1
NTA Per Share ($) 0.89 0.78 0.75
EBITDA ($M) 260.9 268 472.3
EBIT ($M) 205.4 242.5 454
EBT Before Abs ($M) 215.9 248.8 458.3

GRR Balance Sheet

2023 2022 2021
Cash ($M) 109.7 108.4 443.9
Debtors ($M) 57.7 48.7 18.8
Other Debtors ($M) 15.22 8.45 4.8
Prepayments ($M) 1.67 1.25 0.5
Inventories ($M) 179.8 162.9 162
Current Investments ($M) 175 192.2 20.8
Other Current Assets ($M)
Total Current Assets ($M) 539.2 521.9 650.8
Receivables ($M) 10.01 8.99 7.98
Inventories ($M)
Property, Plant & Equipment ($M) 1,614 1,509 1,330
Accumulated Depreciation ($M) -920.8 -943.8 -911.8
Intangibles ex. Goodwill ($M)
Goodwill ($M)
Future Income Tax Benefit ($M) 43.3
Non-Current Investments ($M) 1.36 1.58
Other Non-Current Assets ($M)
Total Non-Current Assets ($M) 705 576.3 469.4
Total Assets ($M) 1,244 1,098 1,120
Accounts Payable ($M) 50.4 67.7 120.8
Provisions ($M) 25.6 22 22.3
Short Term Debt ($M) 1.44 4.28 16.92
Other Current Liabilities ($M)
Total Current Liabilities ($M) 77.4 94 160
Creditors ($M)
Long Term Debt ($M) 0.77 2.2 0.54
Provisions ($M) 134.7 97.9 88.4
Other Non-Current Liabilities ($M)
Total Non-Current Liabilities ($M) 135.4 100.1 89
Total Liabilities ($M) 212.8 194.1 249
Share Capital ($M) 331.5 331.5 331.5
Reserves ex. Share Premium ($M) -1.98 -2.22 -2.27
Share Premium Reserve ($M)
Retained Profits ($M) 701.8 574.8 542
Other Shareholders Equity ($M)
Convertible Equity ($M)
Outside Equity Interest ($M)
Total Shareholders Equity ($M) 1,031.3 904.1 871.2

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