• Markets
    • icon
  • Companies
FMG · ASX

Fortescue Ltd (ASX:FMG)

AU$25.29

 0.09 (0.357%)
ASX:Live
04/12/2023 04:10:48 PM
Short Term Trend - Long Recent Price upgrade Near Resistance (Realtime) Hammer Bearish HALO Ords +13
Consensus Score
/10
Recommend
Lock
Target Price
Lock
Deviation
Lock
Unlock Full Consensus Insights

FMG Overview

FMG Health Scores

Short Term

Mean Revision

Trend

Event

Halo Model

MQV

GARP

MQV Small

Valuation

Value

Consensus

Momentum

Price

Earnings

Growth

Earnings

Dividends

Quality

Capital Efficiency

Balance Sheet

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 following segments: Iron Ore, Fortescue Future Industries (FFI), and Corporate. The Iron Ore segments comprises of the exploration, development, production, processing, sale and transportation of iron ore, and the exploration for other minerals. The FFI segment consists of undertaking activities in the global development of green electricity, green hydrogen and green ammonia projects. The Corporate segment refers to cash, debt and tax balances which are managed at a Group level, together with other corporate activities. 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$76.94B

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 18.91 - 25.81

Trade Value (12mth)

US$22,600,636.00

1 week

1.29%

1 month

8.48%

YTD

23.53%

1 year

28.05%

All time high

26.58

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)

3080m

HALO Sector

Mining

Next Company Report Date

26-Aug-24

Ex Dividend Date (est.)

N/A

Next Dividend Pay Date (est.)

N/A

Reporting Currency

USD

Short Sell (% of issue)

0.91

FMG Announcements

Latest Announcements

Date Announcements

31 October 18

IMARC Presentation

×

IMARC Presentation

31 May 21

ASA Conference Presentation

×

ASA Conference Presentation

31 May 12

Presentation to Australian Stockbrokers Association

×

Presentation to Australian Stockbrokers Association

31 January 18

China Iron Ore Conference Presentation

×

China Iron Ore Conference Presentation

31 August 23

CFO Update

×

CFO Update

30 September 22

Change of Director's Interest Notice - Jennifer Morris

×

Change of Director's Interest Notice - Jennifer Morris

30 September 20

Alphinity Presentation

×

Alphinity Presentation

30 March 22

Pause in Trading

×

Pause in Trading

30 March 22

Media Clarification

×

Media Clarification

30 August 23

Boao Forum for Asia Perth - Presentation

×

Boao Forum for Asia Perth - Presentation

30 August 21

FY21 Annual Report and Appendix 4E

×

FY21 Annual Report and Appendix 4E

30 August 21

FY21 Results Presentation

×

FY21 Results Presentation

30 April 19

Macquarie Conference Presentation

×

Macquarie Conference Presentation

29 October 19

2019 AGM Presentation

×

2019 AGM Presentation

29 November 23

Appointment of Company Secretary

×

Appointment of Company Secretary

29 November 22

Fortescue Appoints New CEO for Metals Group

×

Fortescue Appoints New CEO for Metals Group

29 May 14

WA Gas Report Media Release and Presentation

×

WA Gas Report Media Release and Presentation

29 March 23

Change of Director's Interest Notice - Jennifer Morris

×

Change of Director's Interest Notice - Jennifer Morris

29 June 17

Minings Energy Challenges and Strategic Options Presentation

×

Minings Energy Challenges and Strategic Options Presentation

29 June 17

CCI Conference Presentation 2017

×

CCI Conference Presentation 2017

29 February 12

BMO Conference Presentation

×

BMO Conference Presentation

29 August 23

Initial Director's Interest Notice - Dr Larry Marshall

×

Initial Director's Interest Notice - Dr Larry Marshall

29 August 22

Dividend/Distribution - FMG

×

Dividend/Distribution - FMG

29 August 22

FY22 Sustainability Report

×

FY22 Sustainability Report

29 August 22

FY22 Climate Change Report

×

FY22 Climate Change Report

29 August 22

Full Year 2022 Annual Report and 4E

×

Full Year 2022 Annual Report and 4E

29 August 22

FY22 Corporate Governance Statement

×

FY22 Corporate Governance Statement

29 August 22

FY22 Results Announcement

×

FY22 Results Announcement

FMG Fundamentals

Per Share Records

Historical data

Forecasted 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

Forecasted 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

Forecasted 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

-21.58%

Quality Yield

Lock

Falling Divs over next 2

Lock

Expected Dividend Cashflow

Dividend Clarity,
Enhanced
Strategy

Upload your portfolio and gain access to 3-year dividend forecasts for each holding with HALO Global. Empower your decision-making and maximize returns with our advanced analytical tool. Try it today.

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

0.91%

Value ($M)

687

Prior Change

-0.10%

7 Day Change

N/A

1 Month Change

-0.10%

3 Month Change

-0.50%

Discover
Short-selling
Opportunities

Access data on short interest, stock performance, and potential short-selling candidates across various markets to make informed decisions and optimize your trading strategies.

FMG Shortsell

Frequently Asked Questions

The current share price of Fortescue Ltd (FMG:ASX) is AU$25.29.
The 52-week high share price for Fortescue Ltd (FMG:ASX) is AU$25.81.
The 52-week low share price for Fortescue Ltd (FMG:ASX)? is AU$18.91.
The current TTM dividend payout for Fortescue Ltd (FMG:ASX) is 9.70.
The last dividend payment of Fortescue Ltd (FMG:ASX) is AU$1.00.
Fortescue Ltd (FMG:ASX) has a franking level of 100%.
Fortescue Ltd (FMG:ASX) is classified in the Mining.
The current P/E ratio for Fortescue Ltd (FMG:ASX) is 7.40.
halo-logo-inverted-rgb@72ppi-1
Login
Products
Company
Important

Get the latest insights and hot tips delivered right to your inbox

Apple Store
Google Play

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.