Aankondiging • Jul 02
Ferrexpo plc(LSE:FXPO) dropped from FTSE All-Share Index (GBP) Ferrexpo plc(LSE:FXPO) dropped from FTSE All-Share Index (GBP) Aankondiging • May 30
Ferrexpo plc, Annual General Meeting, Jun 29, 2026 Ferrexpo plc, Annual General Meeting, Jun 29, 2026. Location: the offices of herbert smith freehills kramer llp, exchange house, primrose street, ec2a 2eg, london United Kingdom Aankondiging • Apr 01
Ferrexpo plc to Report Fiscal Year 2025 Results on Apr 30, 2026 Ferrexpo plc announced that they will report fiscal year 2025 results at 8:00 AM, GMT Standard Time on Apr 30, 2026 Aankondiging • Mar 11
Ferrexpo plc Announces Update on Operations in Ukraine Ferrexpo plc announced that following the temporary suspension of operations announced on 20 January 2026, improvements in the availability and price of domestic and imported electricity supply has permitted the restart of production at FPM. At the present time, one pellet line is in operation. The Group is using its own fleet of rail wagons to export to customers in Eastern and Central Europe. Aankondiging • Jan 21
Ferrexpo plc Announces Update on Operations in Ukraine Ferrexpo plc advises that, further to the previous announcement on 8 November 2025, there have been further attacks on Ukrainian electricity generation and transmission infrastructure, and the supply of power to the Company's operations has once again been affected. Until the supply of electricity can be assured on a sustainable basis in the volumes required, it has been decided to temporarily suspend operations and place a part of the workforce on furlough. There have been no reports of workforce fatalities or injuries and there has been no damage to Ferrexpo's operating assets. An update will be provided as and when appropriate. New Risk • Nov 15
New major risk - Revenue and earnings growth Earnings have declined by 59% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 59% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.1% average weekly change). Buy Or Sell Opportunity • Oct 13
Now 28% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to UK£0.53. The fair value is estimated to be UK£0.41, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 27% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to decline by 16% in a year. Earnings are forecast to grow by 74% in the next year. Reported Earnings • Aug 10
First half 2025 earnings released: US$0.33 loss per share (vs US$0.094 profit in 1H 2024) First half 2025 results: US$0.33 loss per share (down from US$0.094 profit in 1H 2024). Revenue: US$452.6m (down 18% from 1H 2024). Net loss: US$196.0m (down 453% from profit in 1H 2024). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Metals and Mining industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Jul 31
Consensus EPS estimates fall by 31%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$591.0m to US$630.1m. Forecast EPS reduced from -US$0.122 to -US$0.159 per share. Metals and Mining industry in the United Kingdom expected to see average net income growth of 27% next year. Consensus price target down from UK£0.77 to UK£0.68. Share price was steady at UK£0.46 over the past week. Major Estimate Revision • Jul 04
Consensus EPS estimates fall by 21% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$672.7m to US$662.6m. Losses expected to increase from US$0.098 per share to US$0.12. Metals and Mining industry in the United Kingdom expected to see average net income growth of 46% next year. Consensus price target down from UK£0.78 to UK£0.74. Share price was steady at UK£0.49 over the past week. Aankondiging • Apr 12
Ferrexpo plc Auditor Raises 'Going Concern' Doubt Ferrexpo plc filed its Annual on Apr 10, 2025 for the period ending Dec 31, 2024. In this report its auditor, MacIntyre Hudson, gave an unqualified opinion expressing doubt that the company can continue as a going concern. Major Estimate Revision • Apr 09
Consensus revenue estimates fall by 11% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$752.5m to US$672.7m. Forecast loss of -US$0.0979, down from profit of US$0.0062 per share profit previously. Metals and Mining industry in the United Kingdom expected to see average net income growth of 53% next year. Consensus price target down from UK£0.96 to UK£0.80. Share price fell 17% to UK£0.46 over the past week. New Risk • Apr 07
New major risk - Revenue and earnings growth Earnings have declined by 43% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 43% per year over the past 5 years. Reported Earnings • Mar 20
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: US$0.085 loss per share (improved from US$0.14 loss in FY 2023). Revenue: US$933.3m (up 43% from FY 2023). Net loss: US$50.0m (loss narrowed 41% from FY 2023). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Metals and Mining industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Aankondiging • Mar 20
Ferrexpo plc, Annual General Meeting, May 22, 2025 Ferrexpo plc, Annual General Meeting, May 22, 2025. New Risk • Mar 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (17% average weekly change). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Aankondiging • Jan 13
Ferrexpo plc Announces Board and Committee Changes Ferrexpo plc announced that, due to personal reasons, Non-executive Director Natalie Polischuk has resigned from the Board of Ferrexpo with immediate effect. Natalie was Chair of the Health, Safety, Environment and Communities Committee, a member of the Audit Committee and a member of the Committee of Independent Directors. On an interim basis, Fiona MacAulay, Senior Independent Non-executive Director has been appointed a member of the Audit Committee and appointed as a member of and will Chair the HSEC Committee. Following Natalie's resignation the Board continues to have a majority of independent Non-executive Directors. As previously announced, the Company has an ongoing process to search for a new independent Non-executive Director and as part of this search the Company will also take into account ethnic and gender diversity on the Board. New Risk • Aug 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 9.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 01
First half 2024 earnings released: EPS: US$0.094 (vs US$0.046 in 1H 2023) First half 2024 results: EPS: US$0.094 (up from US$0.046 in 1H 2023). Revenue: US$548.5m (up 64% from 1H 2023). Net income: US$55.5m (up 105% from 1H 2023). Profit margin: 10% (up from 8.1% in 1H 2023). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Metals and Mining industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance. New Risk • Jun 04
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 30
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: US$0.14 loss per share (down from US$0.37 profit in FY 2022). Revenue: US$651.8m (down 48% from FY 2022). Net loss: US$84.8m (down 139% from profit in FY 2022). Production and reserves: Iron Production: 3.845 Mt (6.053 Mt in FY 2022) Proved and probable reserves (ore): 1,615 Mt (1,627 Mt in FY 2022) Number of mines: 2 (2 in FY 2022) Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Metals and Mining industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 22 percentage points per year, which is a significant difference in performance. Aankondiging • Apr 30
Ferrexpo plc to Report Fiscal Year 2023 Results on Apr 29, 2024 Ferrexpo plc announced that they will report fiscal year 2023 results on Apr 29, 2024 Reported Earnings • Apr 18
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: US$0.14 loss per share (down from US$0.37 profit in FY 2022). Revenue: US$651.8m (down 48% from FY 2022). Net loss: US$84.8m (down 139% from profit in FY 2022). Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 47% p.a. on average during the next 2 years, compared to a 1.2% growth forecast for the Metals and Mining industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 21 percentage points per year, which is a significant difference in performance. Aankondiging • Apr 11
Ferrexpo plc Appoints Stuart Brown as Non-Executive Chairman Ferrexpo plc announced that Stuart Brown has been appointed as a Non-executive Chairman of Lucapa Diamond Company Limited, listed on the Australian Stock Exchange, with effect from 8 April 2024. Aankondiging • Jan 18
Ferrexpo plc Announces an Interim Dividend, Payable on 23 February 2024 Ferrexpo plc announced an interim dividend of 3.3 US cents. The interim dividend announced will be paid on 23 February 2024 to shareholders on the register at the close of business on 26 January 2024. It will be paid in UK Pounds Sterling, with an election to receive in US Dollars. Aankondiging • Nov 01
Ferrexpo plc, Annual General Meeting, May 23, 2024 Ferrexpo plc, Annual General Meeting, May 23, 2024. Aankondiging • Oct 24
Ferrexpo plc Announces Board Changes Ferrexpo plc announced the appointment of Stuart Brown as an Independent Non-executive Director to the Ferrexpo Board of Directors with effect from 22 October 2023. Mr. Brown is a seasoned mining executive with extensive board level experience. He previously held both CFO and CEO roles at De Beers and its various subsidiaries, where he played a central role in reshaping the group and positioning it for the future. Most recently, Mr. Brown served as President and CEO at Mountain Province Diamonds Inc., a company listed on the Toronto Stock Exchange, and as CEO of Firestone Diamonds Plc, formerly listed on the AIM of the London Stock Exchange where he established a track record of building teams and leading business transformation to develop lean, agile, high performing organisations. The Company also advises that Mr. Graeme Dacomb will retire from the Board at the end of this year. Mr. Dacomb is currently Chair of the Audit Committee, a position that Mr. Brown will assume from 1 January 2024, ensuring the necessary time for an orderly handover. Mr. Brown is also appointed as a member of the Audit Committee with effect from his appointment to the Board. Aankondiging • Oct 05
Ferrexpo plc to Report Fiscal Year 2023 Results on Jan 11, 2024 Ferrexpo plc announced that they will report fiscal year 2023 results on Jan 11, 2024 Major Estimate Revision • Aug 09
Consensus revenue estimates fall by 13% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$942.7m to US$823.4m. EPS estimate fell from US$0.135 to US$0.054 per share. Net income forecast to shrink 66% next year vs 17% growth forecast for Metals and Mining industry in the United Kingdom . Consensus price target down from UK£1.52 to UK£1.48. Share price fell 5.6% to UK£0.82 over the past week. Reported Earnings • Aug 03
First half 2023 earnings released: EPS: US$0.046 (vs US$0.14 in 1H 2022) First half 2023 results: EPS: US$0.046 (down from US$0.14 in 1H 2022). Revenue: US$334.0m (down 64% from 1H 2022). Net income: US$27.0m (down 67% from 1H 2022). Profit margin: 8.1% (down from 8.8% in 1H 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 26% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Aankondiging • Jul 24
Ferrexpo plc to Report Q2, 2023 Results on Aug 02, 2023 Ferrexpo plc announced that they will report Q2, 2023 results on Aug 02, 2023 Major Estimate Revision • Jul 07
Consensus EPS estimates fall by 24% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$991.0m to US$942.7m. EPS estimate also fell from US$0.178 per share to US$0.135 per share. Net income forecast to shrink 53% next year vs 7.1% growth forecast for Metals and Mining industry in the United Kingdom . Consensus price target down from UK£1.55 to UK£1.51. Share price was steady at UK£0.88 over the past week. Major Estimate Revision • Apr 19
Consensus EPS estimates fall by 19% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from US$0.175 to US$0.142 per share. Revenue forecast steady at US$963.7m. Net income forecast to shrink 52% next year vs 16% growth forecast for Metals and Mining industry in the United Kingdom . Consensus price target broadly unchanged at UK£1.63. Share price fell 3.6% to UK£1.15 over the past week. Major Estimate Revision • Apr 06
Consensus EPS estimates fall by 44%, revenue upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from US$931.0m to US$958.8m. EPS estimate fell from US$0.126 to US$0.071 per share. Net income forecast to shrink 81% next year vs 19% growth forecast for Metals and Mining industry in the United Kingdom . Consensus price target broadly unchanged at UK£1.62. Share price was steady at UK£1.17 over the past week. Major Estimate Revision • Mar 23
Consensus EPS estimates have been upgraded. The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from US$960.3m to US$999.1m. Forecast to become profitable, with EPS estimate increasing from -US$0.039 to US$0.154 per share. Metals and Mining industry in the United Kingdom expected to see average net income growth of 16% next year. Consensus price target broadly unchanged at UK£1.72. Share price was steady at UK£1.17 over the past week. Reported Earnings • Mar 16
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: EPS: US$0.37 (down from US$1.48 in FY 2021). Revenue: US$1.25b (down 50% from FY 2021). Net income: US$220.0m (down 75% from FY 2021). Profit margin: 18% (down from 35% in FY 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 6.5%. Earnings per share (EPS) exceeded analyst estimates by 67%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has remained flat. Aankondiging • Feb 14
Ferrexpo plc to Report Fiscal Year 2022 Results on Mar 15, 2023 Ferrexpo plc announced that they will report fiscal year 2022 results on Mar 15, 2023 Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment deteriorated over the past week After last week's 15% share price decline to UK£1.28, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 5x in the Metals and Mining industry in the United Kingdom. Total returns to shareholders of 24% over the past three years. Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment improved over the past week After last week's 19% share price gain to UK£1.74, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Metals and Mining industry in the United Kingdom. Total returns to shareholders of 35% over the past three years. Reported Earnings • Aug 04
First half 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First half 2022 results: EPS: US$0.14 (down from US$1.13 in 1H 2021). Revenue: US$935.9m (down 31% from 1H 2021). Net income: US$82.1m (down 88% from 1H 2021). Profit margin: 8.8% (down from 49% in 1H 2021). Revenue exceeded analyst estimates by 4.7%. Earnings per share (EPS) missed analyst estimates by 66%. Over the next year, revenue is expected to shrink by 21% compared to a 15% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Board Change • Jul 31
High number of new directors Independent Non-Executive Director Natalie Polischuk was the last director to join the board, commencing their role in 2021. Major Estimate Revision • Jul 05
Consensus EPS estimates fall by 29% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from US$1.83b to US$1.74b. EPS estimate also fell from US$1.02 per share to US$0.72 per share. Net income forecast to shrink 51% next year vs 15% growth forecast for Metals and Mining industry in the United Kingdom . Consensus price target down from UK£2.78 to UK£2.43. Share price fell 14% to UK£1.22 over the past week. Upcoming Dividend • Jun 10
Upcoming dividend of US$0.066 per share Eligible shareholders must have bought the stock before 16 June 2022. Payment date: 04 July 2022. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 23%. Within top quartile of British dividend payers (4.8%). Higher than average of industry peers (8.2%). Upcoming Dividend • Jun 02
Upcoming dividend of US$0.13 per share Eligible shareholders must have bought the stock before 09 June 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 20%. Within top quartile of British dividend payers (4.9%). Higher than average of industry peers (8.4%). Major Estimate Revision • Apr 29
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate fell from US$1.75 to US$1.54 per share. Revenue forecast steady at US$2.44b. Net income forecast to shrink 49% next year vs 13% growth forecast for Metals and Mining industry in the United Kingdom . Consensus price target down from UK£3.36 to UK£3.15. Share price fell 5.2% to UK£1.65 over the past week. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Natalie Polischuk was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 23
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: US$1.48 (up from US$1.08 in FY 2020). Revenue: US$2.52b (up 48% from FY 2020). Net income: US$871.0m (up 37% from FY 2020). Profit margin: 35% (down from 37% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.2%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Over the next year, revenue is expected to shrink by 34% compared to a 6.7% growth forecast for the mining industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment deteriorated over the past week After last week's 18% share price decline to UK£2.62, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 7x in the Metals and Mining industry in the United Kingdom. Total returns to shareholders of 98% over the past three years. Upcoming Dividend • Dec 30
Upcoming dividend of US$0.066 per share Eligible shareholders must have bought the stock before 06 January 2022. Payment date: 28 January 2022. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 27%. Within top quartile of British dividend payers (4.1%). Higher than average of industry peers (9.0%). Valuation Update With 7 Day Price Move • Sep 17
Investor sentiment deteriorated over the past week After last week's 15% share price decline to UK£3.23, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 7x in the Metals and Mining industry in the United Kingdom. Total returns to shareholders of 165% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£6.09 per share. Recent Insider Transactions • Sep 01
Group COO recently bought UK£59k worth of stock On the 27th of August, James North bought around 15k shares on-market at roughly UK£3.81 per share. This was the largest purchase by an insider in the last 3 months. James has been a buyer over the last 12 months, purchasing a net total of UK£152k worth in shares. Major Estimate Revision • Aug 11
Consensus EPS estimates increase to US$2.14 The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from US$2.42b to US$2.51b. EPS estimate increased from US$1.93 to US$2.14 per share. Net income forecast to grow 4.3% next year vs 34% growth forecast for Metals and Mining industry in the United Kingdom. Consensus price target broadly unchanged at UK£4.32. Share price fell 8.9% to UK£4.51 over the past week. Reported Earnings • Aug 05
First half 2021 earnings released: EPS US$1.13 (vs US$0.43 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: US$1.35b (up 74% from 1H 2020). Net income: US$661.4m (up 165% from 1H 2020). Profit margin: 49% (up from 32% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year whereas the company’s share price has increased by 35% per year. Major Estimate Revision • Jul 09
Consensus EPS estimates increase to US$1.93 The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from US$2.31b to US$2.42b. EPS estimate increased from US$1.76 to US$1.93 per share. Net income forecast to grow 79% next year vs 87% growth forecast for Metals and Mining industry in the United Kingdom. Consensus price target broadly unchanged at UK£4.30. Share price rose 2.9% to UK£4.44 over the past week. Upcoming Dividend • Jun 11
Upcoming dividend of UK£0.096 per share Eligible shareholders must have bought the stock before 17 June 2021. Payment date: 01 July 2021. Trailing yield: 11%. Within top quartile of British dividend payers (4.0%). Higher than average of industry peers (5.0%). Major Estimate Revision • May 13
Consensus EPS estimates increase to US$1.95 The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from US$1.99b to US$2.05b. EPS estimate increased from US$1.61 to US$1.95 per share. Net income forecast to grow 81% next year vs 72% growth forecast for Metals and Mining industry in the United Kingdom. Consensus price target up from UK£3.55 to UK£3.73. Share price rose 7.0% to UK£5.01 over the past week. Recent Insider Transactions • May 08
Head of Managing Board & COO recently sold UK£450k worth of stock On the 5th of May, Viktor Lotous sold around 100k shares on-market at roughly UK£4.50 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of UK£376k more than they bought in the last 12 months. Major Estimate Revision • Apr 21
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 revenue forecast fell from US$2.01b to US$1.99b. EPS estimate rose from US$1.40 to US$1.61. Net income forecast to grow 50% next year vs 70% growth forecast for Metals and Mining industry in the United Kingdom. Consensus price target broadly unchanged at UK£3.40. Share price rose 7.6% to UK£4.07 over the past week. Recent Insider Transactions • Apr 20
Group COO recently bought UK£55k worth of stock On the 16th of April, James North bought around 14k shares on-market at roughly UK£3.86 per share. This was the largest purchase by an insider in the last 3 months. James has been a buyer over the last 12 months, purchasing a net total of UK£74k worth in shares. Reported Earnings • Mar 18
Full year 2020 earnings released: EPS US$1.08 (vs US$0.69 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$1.70b (up 13% from FY 2019). Net income: US$635.3m (up 58% from FY 2019). Profit margin: 37% (up from 27% in FY 2019). The increase in margin was primarily driven by higher revenue. Production and reserves: Iron Production: 11.22 Mt (10.52 Mt in FY 2019) Proved and probable reserves (ore): 1,678 Mt (1,629 Mt in FY 2019) Number of mines: 2 (2 in FY 2019) Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 11% per year. Is New 90 Day High Low • Feb 20
New 90-day high: UK£3.51 The company is up 79% from its price of UK£1.96 on 20 November 2020. The British market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 32% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£4.55 per share. Recent Insider Transactions • Jan 14
Insider recently sold UK£69k worth of stock On the 13th of January, Nikoley Kladiev sold around 20k shares on-market at roughly UK£3.45 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought UK£15k more than they sold in the last 12 months. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 19% share price gain to US$3.34, the stock is trading at a trailing P/E ratio of 7x, up from the previous P/E ratio of 5.9x. This compares to an average P/E of 15x in the Metals and Mining industry in the United Kingdom. Total returns to shareholders over the past three years are 48%. Is New 90 Day High Low • Jan 05
New 90-day high: UK£3.12 The company is up 78% from its price of UK£1.76 on 07 October 2020. The British market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 28% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£3.48 per share. Valuation Update With 7 Day Price Move • Dec 09
Market bids up stock over the past week After last week's 15% share price gain to US$2.69, the stock is trading at a trailing P/E ratio of 5.5x, up from the previous P/E ratio of 4.8x. This compares to an average P/E of 13x in the Metals and Mining industry in the United Kingdom. Total returns to shareholders over the past three years are 37%. Is New 90 Day High Low • Dec 09
New 90-day high: UK£2.69 The company is up 53% from its price of UK£1.76 on 10 September 2020. The British market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£4.40 per share. Valuation Update With 7 Day Price Move • Dec 02
Market bids up stock over the past week After last week's 15% share price gain to US$2.34, the stock is trading at a trailing P/E ratio of 4.8x, up from the previous P/E ratio of 4.1x. This compares to an average P/E of 13x in the Metals and Mining industry in the United Kingdom. Total returns to shareholders over the past three years are 29%. Major Estimate Revision • Oct 06
Analysts increase EPS estimates to US$0.72 The 2020 consensus revenue estimate increased from US$1.44b to US$1.49b. The earnings per share estimate also received an upgrade from US$0.61 to US$0.72 for the same period. Net income is expected to shrink by 12% next year compared to 43% growth forecast for the Metals and Mining industry in the United Kingdom . The consensus price target increased from UK£2.36 to UK£2.40. Share price is down by 3.3% to UK£1.68 over the past week. Is New 90 Day High Low • Oct 06
New 90-day low: UK£1.68 The company is down 5.0% from its price of UK£1.77 on 08 July 2020. The British market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£3.74 per share. Upcoming Dividend • Sep 20
Upcoming Dividend of UK£0.051 Per Share Will be paid on the 8th of October to those who are registered shareholders by the 24th of September. The trailing yield of 8.8% is in the top quartile of British dividend payers (5.1%), and it is higher than industry peers (7.1%).