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

$21.03

05 Dec
2022

1.350

OPEN

$20.10

6.86%

HIGH

$21.35

14,446,756

LOW

$20.03

TARGET
$15.179 -27.8% 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 FY23
Forecast
FY24
Forecast
EPS (cps) 188.8 xxx
DPS (cps) 175.5 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 11.1 xxx
Dividend Yield 8.3% xxx
Div Pay Ratio(%) 93.0% 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: 20.89%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

10.52

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: 05/09 - ex-div 121c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2022 FactSet UK Limited. All rights reserved
Title 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx277.8
DPS All xxxxxxxxxxxxxxx207.0
Sales/Revenue xxxxxxxxxxxxxxx23,979.9 M
Book Value Per Share xxxxxxxxxxxxxxx819.5
Net Operating Cash Flow xxxxxxxxxxxxxxx9,125.9 M
Net Profit Margin xxxxxxxxxxxxxxx35.64 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx35.00 %
Return on Invested Capital xxxxxxxxxxxxxxx27.18 %
Return on Assets xxxxxxxxxxxxxxx21.08 %
Return on Equity xxxxxxxxxxxxxxx35.00 %
Return on Total Capital xxxxxxxxxxxxxxx39.60 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-3,976.9 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

-0.7

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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Citi

xx/xx/xxxx

5

xxxxxxxxx xx xxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Credit Suisse

15/11/2022

3

Neutral

$15.30

-27.25%

Following the recent retreat in iron ore prices, Credit Suisse lowers its December quarter forecast by -31% to US$90/t and reduces its 2023 and 2024 estimates by -US$5/t to US$115 and US$95/t, respectively.

As China port stocks are at record lows, the broker anticipates iron ore prices will improve from December.

The target for Fortescue Metals falls to $15.30 from $15.70. The analyst raises the company's FY23 price realisation rate to around 86% from 82%, which partially offsets the lower iron ore forecasts. Rio Tinto is the preferred exposure in the space.

FORECAST
Credit Suisse forecasts a full year FY23 dividend of 272.13 cents and EPS of 237.75 cents.
Credit Suisse forecasts a full year FY24 dividend of 222.00 cents and EPS of 220.57 cents.

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

5

xxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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FMG STOCK CHART