Fresnillo

FRES: 677.00 +20.60 (+3.14%) delayed: 12 Nov 2019, 7:17

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Fresnillo Fundamentals

Share Price Information

Name Fresnillo
Epic FRES
Sector Gold Mining
ISIN GB00B2QPKJ12
Activites Fresnillo plc is the world's largest primary silver producer and Mexico's largest gold producer. Fresnillo plc has seven operating mines, all of them in Mexico - Fresnillo, Saucito, Cienega (including the San Ramon satellite mine), Herradura, Soledad-Dipolos, Noche Buena and San Julian (Phase I and II), one development project - the Pyrites Plant at Fresnillo, and four advanced exploration projects - Orisyvo, Juanicipio, Las Casas Rosario & Cluster Cebollitas and Centauro Deep, as well as a number of other long term exploration prospects. In total, Fresnillo plc has mining concessions covering approximately 1.8 million hectares in Mexico and 700 thousands hectares in Peru.
Index FTSE 100

Key numbers

Latest Share price (p) 677.00 Net gearing (%) 22.44
Market capitalisation (£m) 4,836.97 Gross gearing (%) 34.23
Shares in issue (m) 736.89 Debt ratio 31.93
P/E ratio 13.82 Debt-to-equity ratio 0.90
Total dividends per share (p) 27.40 Assets / equity ratio 1.52
Dividend yield (%) 2.29 Price to book value 1.55
Dividend cover 2.46 ROCE (%) 10.53
Earning per share (p) 47.50 EPS growth (%) -37.58
52-week high / low (p) 1,028.00 / 570.00 DPS growth (%) -32.18

Results at a glance

Date Type Turnover (£m) Profit (£m) Basic EPS Currency
31 Dec 2018 Full Year 2,104 350 47.50 USD
31 Dec 2017 Full Year 2,093 561 76.10 USD
31 Dec 2016 Full Year 1,906 425 57.90 USD

Dividend history

Period Ex-date Pay-date Net dividend Currency Total for year
H1 Dividend 08 Aug 2019 06 Sep 2019 2.60 USX 0.00
H2 Dividend 25 Apr 2019 24 May 2019 16.70 USX 27.40
H1 Dividend 09 Aug 2018 07 Sep 2018 10.70 USX 0.00
H2 Dividend 26 Apr 2018 04 Jun 2018 29.80 USX 40.40
H1 Dividend 10 Aug 2017 08 Sep 2017 10.60 USX 0.00
H2 Dividend 27 Apr 2017 28 May 2017 21.50 USX 30.10
H1 Dividend 11 Aug 2016 09 Sep 2016 8.60 USX 0.00
H2 Dividend 21 Apr 2016 09 May 2016 3.35 USX 5.45
H1 Dividend 13 Aug 2015 10 Sep 2015 2.10 USX 0.00
H2 Dividend 30 Apr 2015 22 May 2015 3.00 USX 8.00

Contact details

Company name Fresnillo
Address 28 Grosvenor Street, London W1K 4QR.
Telephone +44 (0)20 7399 2470
Website http://www.fresnilloplc.com/

Advisors

Company's broker JPMorgan Cazenove
Company's joint broker Merrill Lynch International
NOMAD JPMorgan Cazenove
Registrar Computershare Investor Service
Auditors Ernst & Young LLP
Solicitors Linklaters LLP

Directors

Appointed Director Position
15 Apr 2008 Alberto Baillères Non-Executive Chairman
04 May 2016 Victor Alberto Tiburcio Non-Executive Director
15 Apr 2008 Fernando Benjamin Ruiz Non-Executive Director
16 May 2014 Jaime Serra Puche Non-Executive Director
23 May 2017 Dame Judith Anne MacGregor Non-Executive Director
15 Apr 2008 Jaime Lomelín Non-Executive Director
16 May 2014 Barbara Garza Laguera Non-Executive Director
30 May 2018 Georgina Yamilet Kessel Non-Executive Director
16 May 2014 Charles Richard Jacobs Non-Executive Director
15 Apr 2008 Arturo Fernandez Non-Executive Director
11 Jan 2008 Juan Bordes Non-Executive Director
17 Apr 2012 Alejandro Baillères Non-Executive Director

Company financials

Assets (£m) 2018 2017 2016
Reporting date 31 Dec 2018 31 Dec 2017 31 Dec 2016
Tangible assets 2,693 2,449 2,180
Intangible asssets and goodwill 498 507 439
Investments and other non-current assets 262 289 246
Total non-current assets 3,453 3,244 2,865
Inventory / work in progress 243 179 188
Trade and other receivables 411 343 287
Cash and equivalents 561 876 712
Other current assets and asset held for resale 87 96 238
Total of all assets 4,756 4,738 4,290
Liabilities (£m) 2018 2017 2016
Short term liabilities 161 172 154
Long term liabilities 1,467 1,499 1,419
Other liabilites / pension etc 0 0 0
Total of all liabilities 1,628 1,671 1,573
Net assets (£m) 2018 2017 2016
Net assets 3,128 3,067 2,716
Equity (£m) 2018 2017 2016
Share capital 369 369 369
Minority interests 79 55 36
Retained earnings 2,033 1,963 1,638
Share premium account 1,154 1,154 1,154
Other equity -506 -474 -480
Total equity 3,128 3,067 2,716
Cash Flow (£m) 2018 2017 2016
Cash from operating activities 588 761 898
Cashflow before financing -3 422 440
Increase / decrease in Cash -313 169 331
Income (£m) 2018 2017 2016
Turnover 2,104 2,093 1,906
Cost of sales 1,323 1,168 1,023
Gross profit 781 925 882
Operating profit 507 709 676
Pre-tax profit 484 741 718
Profit / loss for the year 350 561 425