How does FMG's PE Ratio compare to its peers?

FMG is good value based on its Price-To-Earnings Ratio (6.4x) compared to the peer average (10.2x).

How does FMG's PE Ratio compare vs other companies in the AU Metals and Mining Industry?

FMG is good value based on its Price-To-Earnings Ratio (6.4x) compared to the Australian Metals and Mining industry average (12.1x).

What is FMG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FMG is good value based on its Price-To-Earnings Ratio (6.4x) compared to the estimated Fair Price-To-Earnings Ratio (11.7x).

What is the Fair Price of FMG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

FMG (A$18.11) is trading below our estimate of [[fair value]] (A$36.74)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is less than 20% higher than the current share price.

Fortescue (ASX:FMG) - Stock Price, News & Analysis

FMG Stock Overview

Engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. More details

FMG fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	0/6
Past Performance	6/6
Financial Health	5/6
Dividends	5/6

Rewards

Trading at 50.7% below our estimate of its fair value

Earnings grew by 18.4% over the past year

Trading at good value compared to peers and industry

Risk Analysis

Earnings are forecast to decline by an average of 27.1% per year for the next 3 years

Unstable dividend track record

Fortescue Ltd Competitors

BlueScope Steel

ASX:BSL

AU$9.2b

Champion Iron

ASX:CIA

AU$2.8b

Deterra Royalties

ASX:DRR

AU$1.9b

Stanmore Resources

ASX:SMR

AU$2.8b

Price History & Performance

Summary of all time highs, changes and price drops for Fortescue
Historical stock prices
Current Share Price	AU$18.11
52 Week High	AU$29.95
52 Week Low	AU$15.88
Beta	0.88
11 Month Change	-7.27%
3 Month Change	0.78%
1 Year Change	-27.41%
33 Year Change	1.29%
5 Year Change	84.98%
Change since IPO	72,340.00%

We Think The Compensation For Fortescue Ltd's (ASX:FMG) CEO Looks About Right

Oct 30

Fortescue (ASX:FMG) Reports USD 5.7B Net Profit, Declares AUD 0.89 Dividend Amid Strong Financial Health

Sep 18

Are Investors Undervaluing Fortescue Ltd (ASX:FMG) By 40%?

Sep 12

Recent updates

We Think The Compensation For Fortescue Ltd's (ASX:FMG) CEO Looks About Right

Oct 30

Fortescue (ASX:FMG) Reports USD 5.7B Net Profit, Declares AUD 0.89 Dividend Amid Strong Financial Health

Sep 18

Investors Shouldn't Overlook Fortescue's (ASX:FMG) Impressive Returns On Capital

Mar 11

Analysts Have Made A Financial Statement On Fortescue Ltd's (ASX:FMG) Half-Year Report

Feb 25

Fortescue Ltd's (ASX:FMG) Price Is Right But Growth Is Lacking

Dec 24

Returns On Capital Are A Standout For Fortescue (ASX:FMG)

Dec 06

Fortescue Metals Group (ASX:FMG) Has Announced That Its Dividend Will Be Reduced To $1.00

Aug 30

Why We Like The Returns At Fortescue Metals Group (ASX:FMG)

Aug 27

We Think Fortescue Metals Group (ASX:FMG) Can Stay On Top Of Its Debt

Jun 18

Fortescue Metals Group Limited's (ASX:FMG) Intrinsic Value Is Potentially 23% Below Its Share Price

May 31

Why The 33% Return On Capital At Fortescue Metals Group (ASX:FMG) Should Have Your Attention

Apr 05

Here's Why Fortescue Metals Group (ASX:FMG) Can Manage Its Debt Responsibly

Mar 05

Fortescue Metals Group's (ASX:FMG) Dividend Is Being Reduced To $0.75

Feb 17

Is Fortescue Metals Group Limited (ASX:FMG) Worth AU$22.5 Based On Its Intrinsic Value?

Jan 30

Returns on Capital Paint A Bright Future For Fortescue Metals Group (ASX:FMG)

Dec 14

An Intrinsic Calculation For Fortescue Metals Group Limited (ASX:FMG) Suggests It's 23% Undervalued

Oct 29

Is Fortescue Metals Group (ASX:FMG) Using Too Much Debt?

Oct 13

Investors Shouldn't Overlook Fortescue Metals Group's (ASX:FMG) Impressive Returns On Capital

Sep 12

Is Now The Time To Put Fortescue Metals Group (ASX:FMG) On Your Watchlist?

Jul 23

A Look At The Intrinsic Value Of Fortescue Metals Group Limited (ASX:FMG)

Jul 08

Is Fortescue Metals Group (ASX:FMG) A Risky Investment?

May 26

With EPS Growth And More, Fortescue Metals Group (ASX:FMG) Is Interesting

Apr 13

We Think Fortescue Metals Group (ASX:FMG) Can Manage Its Debt With Ease

Feb 17

Here's Why I Think Fortescue Metals Group (ASX:FMG) Is An Interesting Stock

Jan 02

Here's Why We Think Fortescue Metals Group (ASX:FMG) Is Well Worth Watching

Jul 30

Fortescue Metals Group Limited (ASX:FMG) Shares Could Be 31% Below Their Intrinsic Value Estimate

Jul 04

These 4 Measures Indicate That Fortescue Metals Group (ASX:FMG) Is Using Debt Safely

Jun 21

Returns On Capital Are A Standout For Fortescue Metals Group (ASX:FMG)

May 01

Does This Valuation Of Fortescue Metals Group Limited (ASX:FMG) Imply Investors Are Overpaying?

Apr 03

Does Fortescue Metals Group (ASX:FMG) Deserve A Spot On Your Watchlist?

Mar 21

Shareholder Returns

	FMG	AU Metals and Mining	AU Market
7D	0.9%	0.9%	0.9%
1Y	-27.4%	-11.3%	17.7%

Return vs Industry: FMG underperformed the Australian Metals and Mining industry which returned -11.3% over the past year.

Return vs Market: FMG underperformed the Australian Market which returned 17.7% over the past year.

Price Volatility

Is FMG's price volatile compared to industry and market?
FMG volatility
FMG Average Weekly Movement	5.6%
Metals and Mining Industry Average Movement	11.0%
Market Average Movement	8.5%
10% most volatile stocks in AU Market	17.2%
10% least volatile stocks in AU Market	3.3%

Stable Share Price: FMG has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: FMG's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1983	13,690	Dino Otranto	www.fortescue.com

Fortescue Ltd engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. It explores for copper, gold, and lithium deposits; and rare earth elements. The company provides port towage services; owns and operates rail and port facilities; and focuses on producing green energy and green hydrogen, including derivatives comprising green ammonia.

Fortescue Ltd Fundamentals Summary

How do Fortescue's earnings and revenue compare to its market cap?
FMG fundamental statistics
Market cap	AU$55.71b
Earnings (TTM)	AU$8.72b
Revenue (TTM)	AU$27.95b

6.4x

P/E Ratio

2.0x

P/S Ratio

Is FMG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FMG income statement (TTM)
Revenue	US$18.22b
Cost of Revenue	US$8.67b
Gross Profit	US$9.55b
Other Expenses	US$3.86b
Earnings	US$5.68b

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	1.85
Gross Margin	52.40%
Net Profit Margin	31.19%
Debt/Equity Ratio	23.5%

How did FMG perform over the long term?

See historical performance and comparison

Dividends

10.8%

Current Dividend Yield

71%

Payout Ratio

FMG Stock Overview

Rewards

Risk Analysis

Fortescue Ltd Competitors

ASX:BSL

AU$9.2b

ASX:CIA

AU$2.8b

ASX:DRR

AU$1.9b

ASX:SMR

AU$2.8b

Price History & Performance

Recent News & Updates

We Think The Compensation For Fortescue Ltd's (ASX:FMG) CEO Looks About Right

Investor sentiment improves as stock rises 17%

Fortescue (ASX:FMG) Reports USD 5.7B Net Profit, Declares AUD 0.89 Dividend Amid Strong Financial Health

Are Investors Undervaluing Fortescue Ltd (ASX:FMG) By 40%?

Final dividend of AU$0.89 announced

Full year 2024 earnings: EPS and revenues miss analyst expectations

Recent updates

We Think The Compensation For Fortescue Ltd's (ASX:FMG) CEO Looks About Right

Investor sentiment improves as stock rises 17%

Fortescue (ASX:FMG) Reports USD 5.7B Net Profit, Declares AUD 0.89 Dividend Amid Strong Financial Health

Are Investors Undervaluing Fortescue Ltd (ASX:FMG) By 40%?

Final dividend of AU$0.89 announced

Full year 2024 earnings: EPS and revenues miss analyst expectations

Fortescue Ltd's (ASX:FMG) 26% Dip In Price Shows Sentiment Is Matching Earnings

Fortescue Ltd Appoints Noel Pearson as Non-Executive Director

Now 20% undervalued after recent price drop

Fortescue Ltd Announces Executive Changes

A Look At The Fair Value Of Fortescue Ltd (ASX:FMG)

Here's Why Fortescue (ASX:FMG) Can Manage Its Debt Responsibly

Investors Shouldn't Overlook Fortescue's (ASX:FMG) Impressive Returns On Capital

Analysts Have Made A Financial Statement On Fortescue Ltd's (ASX:FMG) Half-Year Report

First half dividend of AU$1.08 announced

Fortescue Ltd, Annual General Meeting, Nov 06, 2024

First half 2024 earnings released: EPS: US$1.09 (vs US$0.77 in 1H 2023)

Now 21% overvalued after recent price rise

Fortescue Ltd's (ASX:FMG) Price Is Right But Growth Is Lacking

Returns On Capital Are A Standout For Fortescue (ASX:FMG)

Fortescue Ltd Announces Executive Changes

Consensus EPS estimates increase by 11%

Fortescue Metals Group Limited, Annual General Meeting, Nov 21, 2023

Global Ambassador & Executive Director exercised options and sold AU$3.0m worth of stock

Fortescue Metals Group Limited Announces CFO Changes

Fortescue Metals Group (ASX:FMG) Has Announced That Its Dividend Will Be Reduced To $1.00

Fortescue Metals Group Limited Announces Dividend for the Twelve Months Period Ended June 30, 2023, Payable on 28 September 2023

Full year 2023 earnings released

Why We Like The Returns At Fortescue Metals Group (ASX:FMG)

Fortescue Metals Group Limited Announces Appointment of Deborah Caudle as Chief Financial Officer of Fortescue Energy

APA, Fortescue Reportedly Lead Race as Alinta Raises the Stakes in Asset Sale

APA, Fortescue Reportedly Lead Race as Alinta Raises the Stakes in Asset Sale

Macquarie Reportedly No Longer in the Final Stages of the Competition for Alinta and Weighing Options to Partner with Another Contender

We Think Fortescue Metals Group (ASX:FMG) Can Stay On Top Of Its Debt

Fortescue Metals Group Limited Announces Board Changes

Fortescue Metals Group Ltd Appoints Christine Morris as Chief Financial Officer

Fortescue Metals Group Limited's (ASX:FMG) Intrinsic Value Is Potentially 23% Below Its Share Price

Why The 33% Return On Capital At Fortescue Metals Group (ASX:FMG) Should Have Your Attention

Here's Why Fortescue Metals Group (ASX:FMG) Can Manage Its Debt Responsibly

Upcoming dividend of AU$0.75 per share at 8.4% yield

Fortescue Metals Group's (ASX:FMG) Dividend Is Being Reduced To $0.75

First half 2023 earnings: EPS misses analyst expectations

Fortescue Metals Group Limited Declares Fully Franked Interim Dividend for the First Half of Fiscal Year 2023, Payable on 29 March 2023

Is Fortescue Metals Group Limited (ASX:FMG) Worth AU$22.5 Based On Its Intrinsic Value?

Fortescue Metals Group Limited Announces Resignation of Ian Wells as Group Chief Financial Officer

Returns on Capital Paint A Bright Future For Fortescue Metals Group (ASX:FMG)

Fortescue Metals Group Limited Appoints Fiona Hick as Chief Executive Officer

Fortescue Metals Group Limited to Report Fiscal Year 2023 Results on Aug 28, 2023

Less than half of directors are independent

An Intrinsic Calculation For Fortescue Metals Group Limited (ASX:FMG) Suggests It's 23% Undervalued

Fortescue Metals Group Limited Provides Production Guidance for the Year 2023

Now 21% undervalued after recent price drop

Is Fortescue Metals Group (ASX:FMG) Using Too Much Debt?

Now 22% undervalued after recent price drop

Investors Shouldn't Overlook Fortescue Metals Group's (ASX:FMG) Impressive Returns On Capital

Full year 2022 earnings: EPS misses analyst expectations

Fortescue Metals Group Limited Declares Fully Franked Final Dividend for the Twelve Months Period Ended June 30, 2022, Payable on 29 September 2022

Fortescue Metals Group Limited Announces Fiscal Year 2022 Mineral Resources and Ore Reserves Update

Fortescue Metals Group Limited Appoints Yifei Li as Director