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FMG · ASX

Fortescue Ltd (ASX:FMG)

AU$20.35

 0.21 (1.043%)
ASX:Live
26/07/2024 04:10:15 PM
Short Term Trend - Short Recent Price downgrade Quality Yield Near Support Hammer Bearish +11
Consensus Score
/10
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FMG Overview

FMG Health Scores

Short Term

Mean Reversion

Neutral

Trend

Very Strong

Event

Neutral

Halo Model

MQV

Weak

GARP

Weak

MQV Small

Neutral

Valuation

Value

Consensus

Momentum

Price

Very Strong

Earnings

Weak

Growth

Earnings

Weak

Dividends

Neutral

Quality

Capital Efficiency

Very Weak

Balance Sheet

Weak

About FMG

Website

Fortescue Ltd

Telephone

61.8.6218.8888

Address

Level 2 87 Adelaide Terrace East Perth, Western Australia (WA) 6004

Description

Fortescue Ltd. engages in the development of iron ore deposits. It operates through the Metals and Energy segments. The Metals segment includes exploration, development, production, processing, sale, and transportation of iron ore, and the exploration for other minerals. The Energy segment is involved in the development of green electricity, green hydrogen, and green ammonia projects. The company was founded by John Andrew Henry Forrest in April 2003 and is headquartered in East Perth, Australia.

FMG Price Chart

Key Stats

Market Cap

AU$65.64B

PE

7.40

EV/EBITDA

4.3

Dividends Overview

DIV Yield

9.7%

Franking

100%

Ex Dividend Date (est.)

N/A

Market Data

52 weeks range

Low 19.28 - 29.95

Trade Value (12mth)

US$23,593,861.00

1 week

-6.85%

1 month

-6.89%

YTD

-31.47%

1 year

-15.13%

All time high

29.95

Key Fundamentals

EPS 3 yr Growth

1.400%

EBITDA Margin

57.80%

Operating Cashflow

$7,402m

Free Cash Flow Return

32.10%

ROIC

20.80%

Interest Coverage

35.50

Quick Ratio

2.00

Other Data

Shares on Issue (Fully Dilluted)

3081m

HALO Sector

Mining

Next Company Report Date

28-Aug-24

Ex Dividend Date (est.)

N/A

Next Dividend Pay Date (est.)

N/A

Reporting Currency

USD

Short Sell (% of issue)

0.95

FMG Announcements

Latest Announcements

Date Announcements

25 July 24

June 2024 Quarterly Production Report

×

June 2024 Quarterly Production Report

17 July 24

Management and Organisational Update

×

Management and Organisational Update

12 July 24

Notification of cessation of securities - FMG

×

Notification of cessation of securities - FMG

12 July 24

Notification regarding unquoted securities - FMG

×

Notification regarding unquoted securities - FMG

01 July 24

Retirement of Company Secretary

×

Retirement of Company Secretary

26 June 24

Ceasing to be a substantial holder

×

Ceasing to be a substantial holder

24 June 24

Becoming a substantial holder- Fortescue Ltd.

×

Becoming a substantial holder- Fortescue Ltd.

20 June 24

Ceasing to be a substantial holder

×

Ceasing to be a substantial holder

19 June 24

Change in substantial holding

×

Change in substantial holding

31 May 24

Notification regarding unquoted securities - FMG

×

Notification regarding unquoted securities - FMG

14 May 24

BOFA Conference Presentation

×

BOFA Conference Presentation

02 May 24

Presentation - J.P. Morgan Scottsdale Action Forum

×

Presentation - J.P. Morgan Scottsdale Action Forum

24 April 24

March 2024 Quarterly Production Report

×

March 2024 Quarterly Production Report

15 April 24

Notification of cessation of securities - FMG

×

Notification of cessation of securities - FMG

15 April 24

Notification regarding unquoted securities - FMG

×

Notification regarding unquoted securities - FMG

15 April 24

Notification regarding unquoted securities - FMG

×

Notification regarding unquoted securities - FMG

04 April 24

Change of Director's Interest Notice - Penelope Bingham-Hall

×

Change of Director's Interest Notice - Penelope Bingham-Hall

02 April 24

GNX: Bulli Creek Solar Project - Update on Fortescue Offtake

×

GNX: Bulli Creek Solar Project - Update on Fortescue Offtake

11 March 24

Update - Dividend/Distribution - FMG

×

Update - Dividend/Distribution - FMG

11 March 24

Dividend Reinvestment Plan Allocation Price

×

Dividend Reinvestment Plan Allocation Price

06 March 24

Notification of cessation of securities - FMG

×

Notification of cessation of securities - FMG

29 February 24

GNX: Bulli Creek Solar Project - Update on Fortescue Offtake

×

GNX: Bulli Creek Solar Project - Update on Fortescue Offtake

29 February 24

Change of Director's Interest Notice - Dr Larry Marshall

×

Change of Director's Interest Notice - Dr Larry Marshall

26 February 24

BMO Global Conference Presentation

×

BMO Global Conference Presentation

22 February 24

FY24 Half Year Financial Report and Appendix 4D

×

FY24 Half Year Financial Report and Appendix 4D

FMG Fundamentals

Per Share Records

Historical data

Forecast data

USD 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Per Share, Growth & Valuations
EPS (Basic) $ Lock Lock Lock Lock 3.35 2.01 1.56 Lock Lock Lock
EPS (Fully Diluted) $ Lock Lock Lock Lock 3.33 2.01 1.56 Lock Lock Lock
     Growth % Lock Lock Lock Lock 117.4 -39.8 -22.6 Lock Lock Lock
     PE X Lock Lock Lock Lock 4.3 6.8 7.4 Lock Lock Lock
     EV/EBITDA X Lock Lock Lock Lock 2.6 4.1 4.3 Lock Lock Lock
CFPS $ Lock Lock Lock Lock 3.85 2.63 2.53 Lock Lock Lock
FCFPS $ Lock Lock Lock Lock 1.11 -0.94 0.19 Lock Lock Lock
     Growth % Lock Lock Lock Lock 93.3 -31.7 -3.7 Lock Lock Lock
     Yield % Lock Lock Lock Lock 6.4 -7.4 1.3 Lock Lock Lock
DPS $ Lock Lock Lock Lock 2.67 1.50 1.18 Lock Lock Lock
     Growth % Lock Lock Lock Lock 126.3 -43.8 -21.6 Lock Lock Lock
     Yield % Lock Lock Lock Lock 19.4 10.8 9.7 Lock Lock Lock
     Payout Ratio % Lock Lock Lock Lock 80 75 75 Lock Lock Lock
BPS $ Lock Lock Lock Lock 5.76 5.64 5.85 Lock Lock Lock
BPS (Tangible) $ Lock Lock Lock Lock 5.76 5.55 5.75 Lock Lock Lock
     Growth % Lock Lock Lock Lock 33.9 -3.6 3.6 Lock Lock Lock
Shares Outstanding
Diluted m Lock Lock Lock Lock 3,088 3,083 3,082 Lock Lock Lock
Basic m Lock Lock Lock Lock 3,077 3,077 3,076 Lock Lock Lock

Financial Records

Historical data

Forecast data

USD 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Income Statement
Sales $m Lock Lock Lock Lock 22,284 17,390 16,871 Lock Lock Lock
     Growth % Lock Lock Lock Lock 73.8 -22.0 -3.0 Lock Lock Lock
Selling & General Expenses $m Lock Lock Lock Lock 259 558 841 Lock Lock Lock
Gross Income $m Lock Lock Lock Lock 15,407 9,660 8,848 Lock Lock Lock
     Growth % Lock Lock Lock Lock 120.1 -37.3 -8.4 Lock Lock Lock
     Margin % Lock Lock Lock Lock 69.1 55.5 52.4 Lock Lock Lock
Cost of Goods Sold to Sales % Lock Lock Lock Lock 31 44 48 Lock Lock Lock
EBITDA $m Lock Lock Lock Lock 16,514 10,630 9,751 Lock Lock Lock
     Growth % Lock Lock Lock Lock 99.3 -35.6 -8.3 Lock Lock Lock
     Margin % Lock Lock Lock Lock 74.1 61.1 57.8 Lock Lock Lock
Depreciation & Amortisation $m Lock Lock Lock Lock 1,366 1,528 1,744 Lock Lock Lock
EBIT $m Lock Lock Lock Lock 15,148 9,102 8,007 Lock Lock Lock
     Growth % Lock Lock Lock Lock 120.0 -39.9 -12.0 Lock Lock Lock
     Margin % Lock Lock Lock Lock 68.0 52.3 47.5 Lock Lock Lock
Pretax Income $m Lock Lock Lock Lock 14,722 8,840 6,894 Lock Lock Lock
Income Taxes $m Lock Lock Lock Lock 4,427 2,649 2,090 Lock Lock Lock
Net Income $m Lock Lock Lock Lock 10,295 6,197 4,798 Lock Lock Lock
     Growth % Lock Lock Lock Lock 117.4 -39.8 -22.6 Lock Lock Lock
     Margin % Lock Lock Lock Lock 46.2 35.6 28.4 Lock Lock Lock
Cash Flow Statement
Net Operating Cash Flow $m Lock Lock Lock Lock 12,497 6,618 7,402 Lock Lock Lock
Capital Expenditures $m Lock Lock Lock Lock 3,382 2,803 2,901 Lock Lock Lock
Net Investing Cash Flow $m Lock Lock Lock Lock -3,667 -3,070 -3,115 Lock Lock Lock
Net Financing Cash Flow $m Lock Lock Lock Lock -6,756 -5,071 -4,971 Lock Lock Lock
Free Cash Flow $m Lock Lock Lock Lock 9,115 3,815 4,501 Lock Lock Lock
     Growth % Lock Lock Lock Lock 105.4 -58.1 18.0 Lock Lock Lock
     Margin % Lock Lock Lock Lock 0.4 0.2 0.3 Lock Lock Lock
Franking Balance $m Lock Lock Lock Lock 4,198 5,346 1,975 Lock Lock Lock
Balance Sheet
Cash & Short-Term Investments $m Lock Lock Lock Lock 6,930 5,224 4,287 Lock Lock Lock
Total Assets $m Lock Lock Lock Lock 29,092 29,096 29,008 Lock Lock Lock
Long Term Debt $m Lock Lock Lock Lock 4,085 5,930 5,156 Lock Lock Lock
Net Debt $m Lock Lock Lock Lock -2,678 879 1,034 Lock Lock Lock
Total Liabilities $m Lock Lock Lock Lock 11,357 11,751 11,010 Lock Lock Lock
Equity $m Lock Lock Lock Lock 17,614 18,283 18,178 Lock Lock Lock
Invested Capital Lock Lock Lock Lock 21,812 23,267 23,145 Lock Lock Lock
     Growth % Lock Lock Lock Lock 20.1 6.7 -0.5 Lock Lock Lock
Return Ratios
Return on Assets % Lock Lock Lock Lock 35.4 21.3 16.5 Lock Lock Lock
Return on Equity % Lock Lock Lock Lock 58.4 33.9 26.4 Lock Lock Lock
Return on Total Capital % Lock Lock Lock Lock 72.6 39.6 34.4 Lock Lock Lock
Return on Invested Capital % Lock Lock Lock Lock 49.8 27.2 20.8 Lock Lock Lock
Cash Flow Return on Invested Capital % Lock Lock Lock Lock 60.5 29.0 32.1 Lock Lock Lock

Ratios Records

Historical data

Forecast data

USD 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Leverage
Interest Cover X Lock Lock Lock Lock 101.3 61.1 35.5 Lock Lock Lock
Debt to EBITDA X Lock Lock Lock Lock -0.2 0.1 0.1 Lock Lock Lock
Net Debt to Equity % Lock Lock Lock Lock -15.2 4.8 5.7 Lock Lock Lock
Liquidity
Current Ratio X Lock Lock Lock Lock 2.3 2.9 2.5 Lock Lock Lock
Quick Ratio X Lock Lock Lock Lock 2.0 2.4 2.0 Lock Lock Lock
Cash & ST Inv/Current Assets % Lock Lock Lock Lock 77.4 75.7 70.5 Lock Lock Lock
CFO/Current Liabilities % Lock Lock Lock Lock 322.1 273.8 300.0 Lock Lock Lock
Balance Sheet Efficiency
Receivables Turnover X Lock Lock Lock Lock 34.4 29.4 34.3 Lock Lock Lock
Inventory Turnover X Lock Lock Lock Lock 6.5 6.7 7.1 Lock Lock Lock
Working Capital Turnover X Lock Lock Lock Lock 4.4 3.7 4.6 Lock Lock Lock
Payables Turnover X Lock Lock Lock Lock 4.5 5.8 5.9 Lock Lock Lock
Asset Turnover X Lock Lock Lock Lock 0.8 0.6 0.6 Lock Lock Lock
Du Pont
Asset Turnover X Lock Lock Lock Lock 0.8 0.6 0.6 Lock Lock Lock
x Pretax Margin % Lock Lock Lock Lock 66.1 50.8 40.9 Lock Lock Lock
= Pretax Return on Assets % Lock Lock Lock Lock 50.6 30.4 23.8 Lock Lock Lock
x Tax Rate Complement (1-Tax Rate) % Lock Lock Lock Lock 30.1 30.0 30.3 Lock Lock Lock
Return on Assets % Lock Lock Lock Lock 35.4 21.3 16.5 Lock Lock Lock
x Equity Multiplier (Assets/Equity) % Lock Lock Lock Lock 1.7 1.6 1.6 Lock Lock Lock
Return on Equity % Lock Lock Lock Lock 58.4 33.9 26.4 Lock Lock Lock
x Earnings Retention (1-Payout) % Lock Lock Lock Lock 20.2 25.5 24.5 Lock Lock Lock
= Reinvestment Rate (%) % Lock Lock Lock Lock 11.8 8.6 6.5 Lock Lock Lock
Operating Cycle
Days of Inventory on Hand Days Lock Lock Lock Lock 55.8 54.6 51.5 Lock Lock Lock
+ Days of Sales Outstanding Days Lock Lock Lock Lock 10.6 12.4 10.6 Lock Lock Lock
Operating Cycle Days Lock Lock Lock Lock 66.4 67.0 62.1 Lock Lock Lock
- Days of Payables Outstanding Days Lock Lock Lock Lock 33.2 46.9 43.0 Lock Lock Lock
Net Operating Cycle Days Lock Lock Lock Lock 33.2 20.2 19.0 Lock Lock Lock

Dividends

Key Stats

Ex Dividend Date (est.)

N/A

DIV Yield

9.7%

Franking Level

100%

DPSg

-21.60%

Quality Yield

Lock

Falling Divs over next 2

Lock

Expected Dividend Cashflow

Dividend Clarity,
Enhanced
Strategy

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Values and Recommendations

Key Stats

Consensus Score

Lock

Recommendation

Lock

EPS 1 month Change

Lock

Quality Yield

Lock

Falling Divs over next 2

Lock

Halo Consensus Score

Lock Chart

PEG Ratio

Lock Chart

Consensus EPS Revisions

Lock Chart

Short selling

Key Stats

Percent of Issue

0.95%

Value ($M)

629

Prior Change

N/A

7 Day Change

0.10%

1 Month Change

0.10%

3 Month Change

0.10%

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FMG Shortsell

Frequently Asked Questions

The current share price of Fortescue Ltd (FMG:ASX) is AU$20.35.
The 52-week high share price for Fortescue Ltd (FMG:ASX) is AU$29.95.
The 52-week low share price for Fortescue Ltd (FMG:ASX)? is AU$19.28.
The current TTM dividend payout for Fortescue Ltd (FMG:ASX) is 9.70.
The last dividend payment of Fortescue Ltd (FMG:ASX) is AU$1.08.
Fortescue Ltd (FMG:ASX) has a franking level of 100.0%.
Fortescue Ltd (FMG:ASX) is classified in the Mining.
The current P/E ratio for Fortescue Ltd (FMG:ASX) is 7.40.
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HALO Technologies Pty Ltd ABN 54 623 830 866 is a Corporate Authorised Representative No 1261916 of Macrovue Pty Ltd ABN 98 600 022 679 AFSL 484264. Macrovue Pty Ltd is a wholly owned subsidiary of HALO Technologies Pty Ltd.