FORTESCUE LIMITED (FMG)
Share Price Analysis and Chart

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FMG - FORTESCUE LIMITED

FNArena Sector : Iron Ore
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 0.55
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

$25.48

07 Dec
2023

0.400

OPEN

$25.25

1.59%

HIGH

$25.56

4,035,395

LOW

$25.16

TARGET
$18.439

+0.48 change from previous day

 -27.6% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
BCI . CIA . DRR . GEN . GRR . MGX . MIN .
FNARENA'S MARKET CONSENSUS FORECASTS
FMG: 1
Title FY24
Forecast		 FY25
Forecast
EPS (cps) 273.6 xxx
DPS (cps) 184.2 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 9.4 xxx
Dividend Yield 7.2% xxx
Div Pay Ratio(%) 67.3% 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: 12.15%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 10.29

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: 04/09 - ex-div 100c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx231.9
DPS All xxxxxxxxxxxxxxx175.0
Sales/Revenue xxxxxxxxxxxxxxx25,081.5 M
Book Value Per Share xxxxxxxxxxxxxxx878.6
Net Operating Cash Flow xxxxxxxxxxxxxxx11,004.3 M
Net Profit Margin xxxxxxxxxxxxxxx28.44 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx27.31 %
Return on Invested Capital xxxxxxxxxxxxxxx20.79 %
Return on Assets xxxxxxxxxxxxxxx16.61 %
Return on Equity xxxxxxxxxxxxxxx27.31 %
Return on Total Capital xxxxxxxxxxxxxxx34.44 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx860.8 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx248 M
Long Term Debt xxxxxxxxxxxxxxx7,746 M
Total Debt xxxxxxxxxxxxxxx7,994 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx6,440 M
Price To Book Value xxxxxxxxxxxxxxx2.52

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx4,312.8 M
Capex % of Sales xxxxxxxxxxxxxxx17.20 %
Cost of Goods Sold xxxxxxxxxxxxxxx11,927 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,250 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx506 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

-0.8

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Ord Minnett

30/10/2023

4

Lighten

$16.00

-37.21%

Fortescue Metals reports shipping 46m tonnes of iron ore in the first quarter of the financial year, representing a -3% year-on-year decline and -6% quarter-on-quarter decline, but average realised prices of US$100 per metric tonne was 14% year-on-year. 

Ord Minnett continues to expect Fortescue will deliver sales of 192m tonnes over the full year, a similar result to the previous year, and that sales will rise to around 210m tonnes from 2026 or 2027 as Iron Bridge production ramps up. 

The Lighten rating and target price of $16.00 are retained.

FORECAST
Ord Minnett forecasts a full year FY24 dividend of 288.91 cents and EPS of 443.47 cents.
Ord Minnett forecasts a full year FY25 dividend of 250.57 cents and EPS of 386.26 cents.

UBS

xx/xx/xxxx

5

xxxxxxxxx xx xxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxxxxx xx xxxx xxxx xxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

FMG STOCK CHART

FNArena News on FMG

1
Australian Broker Call *Extra* Edition – Dec 04, 2023

Dec 04 2023 - Daily Market Reports
2
ESG Focus: The Little Big Things – 23-11-2023

Nov 23 2023 - ESG Focus
3
ESG Focus: Rounding Up A Psychosocial FY23 Season

Nov 20 2023 - ESG Focus
4
In Brief: House Prices, REITs, Commodities & Superannuation 

Nov 17 2023 - Weekly Reports
5
Australian Broker Call *Extra* Edition – Nov 16, 2023

Nov 16 2023 - Daily Market Reports

Latest Iron Ore News

1
ESG Focus: Grid Set To Enter An Iron Age

Sep 21 2023 - ESG Focus
2
Mineral Resources: Downturn Complete

Jul 04 2023 - Technicals
3
Bullish On Grange Resources

Jan 17 2023 - Technicals
4
Iron Ore: Keep Watch

Dec 08 2022 - Technicals
5
Upside For Fortescue

Dec 06 2022 - Technicals
6
Fortescue’s Decarbonisation Plan To Impact Dividends

Sep 26 2022 - ESG Focus
7
Positive Signs For Fortescue Metals

Aug 02 2022 - Technicals
8
Iron Ore Miners: Buy The Dips

Apr 29 2022 - Technicals
9
Iron Ore Miners: Broker Views

Dec 07 2021 - Australia
10
Fortescue Metals Fields The Green Narrative

Aug 31 2021 - Australia