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

$24.91

30 Jul
2021

-1.390

OPEN

$26.30

-5.29%

HIGH

$26.49

13,180,920

LOW

$24.90

TARGET
$22.136 -11.1% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ARI . BCI . GRR . MGX . MIN . CIA . DRR . FMS .
FNARENA'S MARKET CONSENSUS FORECASTS
FMG: 1
Title FY21
Forecast
FY22
Forecast
EPS (cps) 443.7 xxx
DPS (cps) 412.1 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 5.6 xxx
Dividend Yield 16.5% xxx
Div Pay Ratio(%) 92.9% 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: 40.46%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

7.07

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: 01/03 - 147c (100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2021 FactSet UK Limited. All rights reserved
Title 201520162017201820192020
EPS Basic xxxxxxxxxxxxxxx229.5
DPS All xxxxxxxxxxxxxxx176.0
Sales/Revenue xxxxxxxxxxxxxxx19,123.7 M
Book Value Per Share xxxxxxxxxxxxxxx624.7
Net Operating Cash Flow xxxxxxxxxxxxxxx9,521.6 M
Net Profit Margin xxxxxxxxxxxxxxx36.93 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

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EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.0

No. Of Recommendations

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

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Credit Suisse

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

30/07/2021

1

Buy

$29.00

16.42%

Production was very strong with record iron ore shipments and prices in the June quarter. Net cash at the end of the quarter of US$2.7bn was better than Ord Minnett expected, and should augur well for dividends when full year results are reported on August 30.

The broker remains positive about Fortescue Metals amid attractive valuation metrics and a strong iron ore market. Buy rating retained. Target is reduced to $29 from $30.

This stock is not covered in-house by Ord Minnett. Instead, the broker whitelabels research by JP Morgan.

FORECAST
Ord Minnett forecasts a full year FY21 dividend of 474.29 cents and EPS of 444.98 cents.
Ord Minnett forecasts a full year FY22 dividend of 466.29 cents and EPS of 435.65 cents.

Morgans

xx/xx/xxxx

5

xxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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FMG STOCK CHART