FORTESCUE METALS GROUP LIMITED (FMG)
Share Price Analysis and Chart

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FMG - FORTESCUE METALS GROUP 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

$20.73

03 Oct
2023

-0.330

OPEN

$20.65

-1.57%

HIGH

$20.81

4,131,547

LOW

$20.51

TARGET
$16.147 -22.1% 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) 224.2 xxx
DPS (cps) 153.8 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 9.3 xxx
Dividend Yield 7.4% xxx
Div Pay Ratio(%) 68.6% 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: 17.20%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 13.31

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

-0.9

No. Of Recommendations

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

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

4

xxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

$xx.xx

(xx/xx/xxxx)

xx.xx%

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UBS

07/09/2023

5

Sell

$15.20

-26.68%

Fortescue Metals, in an analyst briefing, has explained that the removal of 10% net profit guidance for FMG Energy is a "natural evolution" as projects come into a final decision and compete on merit. The internal rate of return hurdle for metals projects is 20% or more while for energy projects it is 15%.

The company also expanded on recent leadership changes, assessing "fit" from a governance perspective was critical and a quick response was essential.

UBS remains cautious assessing prospective weakness in iron ore prices as steel production caps roll into the fourth quarter. Sell rating and $15.20 target unchanged.

FORECAST
UBS forecasts a full year FY24 dividend of 159.47 cents and EPS of 216.64 cents.
UBS forecasts a full year FY25 dividend of 82.74 cents and EPS of 114.34 cents.

Bell Potter

xx/xx/xxxx

5

xxxx

$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

5

xxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

FMG STOCK CHART

FNArena News on FMG

1
Rudi’s View: To Sell Or Not To Sell?

10:00 AM - Rudi's View
2
ESG Focus: Strong Reporting Season For Circularity, Nature, Biodiversity and AI

Oct 02 2023 - ESG Focus
3
In Brief: Iron Ore; Banks; Migration; AI

Sep 22 2023 - Weekly Reports
4
Rudi’s Comprehensive August 2023 Review

Sep 21 2023 - Feature Stories
5
ESG Focus: Grid Set To Enter An Iron Age

Sep 21 2023 - ESG Focus

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