FORTESCUE METALS GROUP LIMITED (FMG)
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FMG - FORTESCUE METALS GROUP LIMITED

FNArena Sector : Iron Ore
Year End: June
GICS Industry Group : Materials
Index: ASX20 | ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Fortescue Metals is an Australian iron ore company with operations in the Pilbara, Western Australia. It is the fourth largest iron ore producer in the world and became a listed company, through a backdoor-listing, in 2003.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$19.78

18 May
2022

0.390

OPEN

$19.86

2.01%

HIGH

$19.94

5,586,516

LOW

$19.48

TARGET
$18.221 -7.9% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
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FNARENA'S MARKET CONSENSUS FORECASTS
FMG: 1
Title FY22
Forecast
FY23
Forecast
EPS (cps) 282.6 xxx
DPS (cps) 202.8 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 6.9 xxx
Dividend Yield 10.5% xxx
Div Pay Ratio(%) 71.8% xxx
This company reports in USD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 40.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

18.45

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: 28/02 - ex-div 86c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2022 FactSet UK Limited. All rights reserved
Title 201620172018201920202021
EPS Basic xxxxxxxxxxxxxxx448.5
DPS All xxxxxxxxxxxxxxx358.0
Sales/Revenue xxxxxxxxxxxxxxx29,873.5 M
Book Value Per Share xxxxxxxxxxxxxxx767.3
Net Operating Cash Flow xxxxxxxxxxxxxxx16,753.3 M
Net Profit Margin xxxxxxxxxxxxxxx46.20 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201620172018201920202021
Return on Capital Employed xxxxxxxxxxxxxxx64.45 %
Return on Invested Capital xxxxxxxxxxxxxxx49.80 %
Return on Assets xxxxxxxxxxxxxxx37.42 %
Return on Equity xxxxxxxxxxxxxxx64.45 %
Return on Total Capital xxxxxxxxxxxxxxx72.59 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx4,599.5 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

This is work in progress. Bear with us. It'll be amazing.

EXPERT VIEWS
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Sentiment Indicator

-0.3

No. Of Recommendations

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

3

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$xx.xx

xx.xx%

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Morgans

29/04/2022

3

Hold

$17.90

-9.50%

Following mixed 3Q results for Fortescue Metals, Morgans points out strong shipments lifted revenue in the face of rising input costs. Management downgraded cost guidance largely due to energy, labor and services, with FY23 expected to be worse.

Iron Bridge, the company's key development project, experienced a further blowout in schedule and budget, notes the analyst. Also, in a well-supplied low-grade market, the company's product is considered to be struggling.

The broker lowers its target price to $17.90 from $19.10. Hold.

FORECAST
Morgans forecasts a full year FY22 dividend of 189.58 cents and EPS of 271.41 cents.
Morgans forecasts a full year FY23 dividend of 174.58 cents and EPS of 249.59 cents.

Morgan Stanley

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5

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xx.xx%

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3

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Citi

xx/xx/xxxx

5

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FMG STOCK CHART