Fortescue Metals Group Limited engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally.
Fortescue Metals Group Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$14.02|
|52 Week High||AU$13.91|
|52 Week Low||AU$26.58|
|1 Month Change||-5.72%|
|3 Month Change||-43.72%|
|1 Year Change||-15.64%|
|3 Year Change||241.12%|
|5 Year Change||167.05%|
|Change since IPO||93,366.67%|
Recent News & Updates
Here's Why We Think Fortescue Metals Group (ASX:FMG) Is Well Worth Watching
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...
Fortescue Metals Group Limited (ASX:FMG) Shares Could Be 31% Below Their Intrinsic Value Estimate
Does the July share price for Fortescue Metals Group Limited ( ASX:FMG ) reflect what it's really worth? Today, we will...
|FMG||AU Metals and Mining||AU Market|
Return vs Industry: FMG underperformed the Australian Metals and Mining industry which returned 16.2% over the past year.
Return vs Market: FMG underperformed the Australian Market which returned 26.1% over the past year.
Stable Share Price: FMG is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: FMG's weekly volatility (7%) has been stable over the past year.
About the Company
Fortescue Metals Group Limited engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. It also explores for copper and gold deposits. The company owns and operates the Chichester Hub that includes the Cloudbreak and Christmas Creek mines located in the Chichester ranges; and the Solomon Hub comprising the Firetail, Kings Valley, and Queens Valley mines located in the Hamersley ranges of Pilbara, Western Australia.
Fortescue Metals Group Fundamentals Summary
|FMG fundamental statistics|
Is FMG overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|FMG income statement (TTM)|
|Cost of Revenue||US$6.79b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Oct 28, 2021
|Earnings per share (EPS)||3.35|
|Net Profit Margin||46.20%|
How did FMG perform over the long term?See historical performance and comparison
28.8%Current Dividend Yield
Is Fortescue Metals Group undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FMG (A$14.02) is trading below our estimate of fair value (A$21.04)
Significantly Below Fair Value: FMG is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FMG is good value based on its PE Ratio (3.1x) compared to the Australian Metals and Mining industry average (15x).
PE vs Market: FMG is good value based on its PE Ratio (3.1x) compared to the Australian market (19.7x).
Price to Earnings Growth Ratio
PEG Ratio: FMG's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: FMG is good value based on its PB Ratio (1.8x) compared to the AU Metals and Mining industry average (2.6x).
How is Fortescue Metals Group forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FMG's earnings are forecast to decline over the next 3 years (-40.3% per year).
Earnings vs Market: FMG's earnings are forecast to decline over the next 3 years (-40.3% per year).
High Growth Earnings: FMG's earnings are forecast to decline over the next 3 years.
Revenue vs Market: FMG's revenue is expected to decline over the next 3 years (-18.7% per year).
High Growth Revenue: FMG's revenue is forecast to decline over the next 3 years (-18.7% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FMG's Return on Equity is forecast to be low in 3 years time (20%).
How has Fortescue Metals Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FMG has high quality earnings.
Growing Profit Margin: FMG's current net profit margins (46.2%) are higher than last year (36.9%).
Past Earnings Growth Analysis
Earnings Trend: FMG's earnings have grown significantly by 42.9% per year over the past 5 years.
Accelerating Growth: FMG's earnings growth over the past year (117.4%) exceeds its 5-year average (42.9% per year).
Earnings vs Industry: FMG earnings growth over the past year (117.4%) exceeded the Metals and Mining industry 35.3%.
Return on Equity
High ROE: FMG's Return on Equity (58%) is considered outstanding.
How is Fortescue Metals Group's financial position?
Financial Position Analysis
Short Term Liabilities: FMG's short term assets ($9.0B) exceed its short term liabilities ($3.9B).
Long Term Liabilities: FMG's short term assets ($9.0B) exceed its long term liabilities ($6.8B).
Debt to Equity History and Analysis
Debt Level: FMG's debt to equity ratio (19.4%) is considered satisfactory.
Reducing Debt: FMG's debt to equity ratio has reduced from 74.2% to 19.4% over the past 5 years.
Debt Coverage: FMG's debt is well covered by operating cash flow (365.9%).
Interest Coverage: FMG's interest payments on its debt are well covered by EBIT (118.8x coverage).
What is Fortescue Metals Group current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FMG's dividend (28.81%) is higher than the bottom 25% of dividend payers in the Australian market (2.23%).
High Dividend: FMG's dividend (28.81%) is in the top 25% of dividend payers in the Australian market (5.33%)
Stability and Growth of Payments
Stable Dividend: FMG's dividend payments have been volatile in the past 10 years.
Growing Dividend: FMG's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (80.2%), FMG's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FMG's dividends in 3 years are forecast to be covered by earnings (64.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Elizabeth Gaines (57 yo)
Ms. Elizabeth Anne Gaines, CA, MappFin (Macq) serves as Managing Director at Fortescue Metals Group Limited since August 2018. Ms. Gaines has been Chief Executive Officer at Fortescue Metals Group Limited...
CEO Compensation Analysis
Compensation vs Market: Elizabeth's total compensation ($USD3.57M) is about average for companies of similar size in the Australian market ($USD3.65M).
Compensation vs Earnings: Elizabeth's compensation has been consistent with company performance over the past year.
Experienced Management: FMG's management team is considered experienced (3.7 years average tenure).
Experienced Board: FMG's board of directors are considered experienced (4.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FMG insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Fortescue Metals Group Limited's employee growth, exchange listings and data sources
- Name: Fortescue Metals Group Limited
- Ticker: FMG
- Exchange: ASX
- Founded: 1983
- Industry: Steel
- Sector: Materials
- Market Cap: AU$43.082b
- Shares outstanding: 3.08b
- Website: https://www.fmgl.com.au
Number of Employees
- Fortescue Metals Group Limited
- 87 Adelaide Terrace
- Level 2
- East Perth
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/28 07:02|
|End of Day Share Price||2021/10/28 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.