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
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
ARI . BCI . GRR . MGX . MIN . CIA . DRR . FMS . GEN .
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
Display All Commentary

Sentiment Indicator

-0.3

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Credit Suisse

xx/xx/xxxx

3

xxxxxxx xx xxxxxxx xxxx xxxxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$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

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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FMG STOCK CHART

FNArena News on FMG

1
Australian Broker Call *Extra* Edition – May 16, 2022

May 16 2022 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – May 11, 2022

May 12 2022 - Daily Market Reports
3
Weekly Ratings, Targets, Forecast Changes – 06-05-22

May 09 2022 - Weekly Reports
4
Australian Broker Call *Extra* Edition – May 09, 2022

May 09 2022 - Daily Market Reports
5
ESG Focus: Nutting Out Scope 4 Emissions

Apr 28 2022 - ESG Focus

Latest Iron Ore News

1
Iron Ore Miners: Buy The Dips

Apr 29 2022 - Technicals
2
Iron Ore Miners: Broker Views

Dec 07 2021 - Australia
3
Fortescue Metals Fields The Green Narrative

Aug 31 2021 - Australia
4
All Over For Iron Ore?

Aug 12 2021 - Commodities
5
Fortescue: Break Out

Jul 13 2021 - Technicals
6
Iron Ore: Remain Bullish

Jun 17 2021 - Technicals
7
Iron Bridge Costs Up But Fortescue Is Forgiven

May 31 2021 - Australia
8
Iron Ore: Remain Bullish

May 12 2021 - Technicals
9
China In Africa: Implications For Australia

Apr 23 2021 - International
10
Fortescue: Recovery Underway?

Mar 30 2021 - Technicals