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

$21.90

20 Jun
2024

0.040

OPEN

$21.92

0.18%

HIGH

$22.11

9,962,043

LOW

$21.85

TARGET
$20.033 -8.5% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
BCI . CIA . DRR . FEX . GEN . GRR . MGX . MIN . RHK .
FNARENA'S MARKET CONSENSUS FORECASTS
FMG: 1
Title FY24
Forecast
FY25
Forecast
EPS (cps) 311.1 xxx
DPS (cps) 229.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 7.0 xxx
Dividend Yield 10.5% xxx
Div Pay Ratio(%) 73.6% 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: 11.73%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

12.09

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 108c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 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

-0.6

No. Of Recommendations

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

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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UBS

29/04/2024

5

Sell

$22.30

1.83%

While Fortescue reported in line shipments for its March quarter, UBS notes it was unsurprising that the company revised its full year guidance to the lower end of its range. 

Following disruptions in the third quarter, the broker points out a strong June quarter result would be needed to meet full year guidance. The broker anticipates Fortescue delivering record June quarter shipments, but that this will still see the company miss guidance by -1.5m tonnes.

The Sell rating is retained and the target price decreases to $22.30 from $22.90.

This report was published on Friday, April 26.

FORECAST
UBS forecasts a full year FY24 dividend of 254.65 cents and EPS of 308.02 cents.
UBS forecasts a full year FY25 dividend of 195.18 cents and EPS of 260.75 cents.

Ord Minnett

xx/xx/xxxx

4

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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FMG STOCK CHART