ILUKA RESOURCES LIMITED (ILU)
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ILU

ILU - ILUKA RESOURCES LIMITED

FNArena Sector : Mineral Sands
Year End: December
GICS Industry Group : Materials
Debt/EBITDA: 7.86
Index: ASX200 | ASX300 | ALL-ORDS

Iluka Resources is an Australian mining company specialising in mineral sands exploration and production. It is the world's largest producer of zircon, titanium dioxide, rutile and synthetic rutile. The company has been listed in some form since 1962.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$8.08

30 Apr
2026

0.050

OPEN

$7.87

0.62%

HIGH

$8.13

4,015,895

LOW

$7.87

TARGET
$7.40 -8.4% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ADN . IMA . SFX . VHM .
FNARENA'S MARKET CONSENSUS FORECASTS
ILU: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx - 67.3 - 15.5 xxx
DPS (cps) xxx 5.0 7.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx - 37.5% 39.0% xxx
PE Ratio xxx N/A N/A xxx
Dividend Yield xxx N/A 0.8% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.46%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.60

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 02/09 - ex-div 2.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx-67.3
DPS All xxxxxxxxxxxxxxx5.0
Sales/Revenue xxxxxxxxxxxxxxx1,015.4 M
Book Value Per Share xxxxxxxxxxxxxxx481.5
Net Operating Cash Flow xxxxxxxxxxxxxxx-34.2 M
Net Profit Margin xxxxxxxxxxxxxxx-28.40 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx-13.02 %
Return on Invested Capital xxxxxxxxxxxxxxx-9.89 %
Return on Assets xxxxxxxxxxxxxxx-7.07 %
Return on Equity xxxxxxxxxxxxxxx-13.02 %
Return on Total Capital xxxxxxxxxxxxxxx-2.95 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-921.5 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx12 M
Long Term Debt xxxxxxxxxxxxxxx1,126 M
Total Debt xxxxxxxxxxxxxxx1,138 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx46 M
Price To Book Value xxxxxxxxxxxxxxx1.20

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx862.1 M
Capex % of Sales xxxxxxxxxxxxxxx84.90 %
Cost of Goods Sold xxxxxxxxxxxxxxx933 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx169 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx448 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.3

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

(xx/xx/xxxx)

xx.xx%

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Ord Minnett

23/04/2026

5

Sell

$8.00

-0.99%

Ord Minnett emphasises the stronger March quarter sales for Iluka Resources, which have reduced immediate capital raising risk and supported a reduction in mineral sands debt to $417m, down from $473m.

The broker notes improving sales, particularly in zircon, although rising freight and fuel costs linked to the Gulf conflict present headwinds.

Notably, the analyst points to a shift in the investment case towards rare earths, with Eneabba development driving market interest while the mineral sands business is expected to remain self-funding.

Hold rating is retained with the outlook continuing to remain "unclear", while the target price is increased to $8.00 from $5.00 previously.

FORECAST
Ord Minnett forecasts a full year FY26 dividend of 6.40 cents and EPS of minus -41.50 cents.
Ord Minnett forecasts a full year FY27 dividend of 12.60 cents and EPS of minus -37.80 cents.

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

22/04/2026

3

Downgrade to Hold from Buy

$8.10

0.25%

Canaccord Genuity downgrades Iluka Resources to a Hold rating and sets an $8.10 price target following the March quarter production update.

Zircon, rutile, and synthetic rutile output missed expectations, weighed down by softer Jacinth Ambrosia volumes and uneven shipment timing.

Management preserved FY26 production and cost guidance, though escalating diesel prices present lingering margin risks.

Forward contracts indicate structural improvements across mineral sands and rare earth markets, prompting the broker to lift long-term commodity pricing assumptions.

The analysts upgraded near-term earnings forecasts to reflect these favourable supply dynamics but pulled back the recommendation strictly on valuation grounds after a recent share price rally.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 7.00 cents and EPS of minus -22.00 cents.
Canaccord Genuity forecasts a full year FY27 dividend of 8.00 cents and EPS of minus -5.00 cents.
Access Extra Coverage Research History >

ILU STOCK CHART

FNArena News on ILU

Latest Mineral Sands News

1
Heightened Prospects For Iluka Resources

Apr 26 2021 - Australia
2
Brokers Tick Iluka’s Review But Doubt Outlook

Nov 06 2019 - Australia
3
Strong Outlook For Iluka Despite Soft Start

Apr 17 2019 - Australia
4
Iluka Enjoying Strong Pricing Trend In 2018

Jul 25 2018 - Australia
5
2018 Looks Bright For Iluka Resources

Jan 30 2018 - Australia
6
Iluka Beats All Forecasts

Jul 25 2017 - Australia
7
Weekly Ratings, Targets, Forecast Changes

Jan 23 2017 - Weekly Reports
8
Iluka Raises Rutile Profile, But Will It Pay?

Dec 14 2016 - Australia
9
More Favourable Outlook For Mineral Deposits

Aug 01 2016 - Small Caps
10
Material Matters: 2016 Outlook, Precious & Base Metals, Iron Ore And Steel

Apr 11 2016 - Commodities