FMG Stock Overview
Fortescue Metals Group Limited engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally.
Fortescue Metals Group Peers
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$19.39|
|52 Week High||AU$26.58|
|52 Week Low||AU$13.90|
|1 Month Change||-10.27%|
|3 Month Change||-5.42%|
|1 Year Change||-15.07%|
|3 Year Change||134.46%|
|5 Year Change||287.03%|
|Change since IPO||129,166.67%|
Recent News & Updates
With EPS Growth And More, Fortescue Metals Group (ASX:FMG) Is Interesting
Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
|FMG||AU Metals and Mining||AU Market|
Return vs Industry: FMG underperformed the Australian Metals and Mining industry which returned -4.8% over the past year.
Return vs Market: FMG underperformed the Australian Market which returned -0.2% over the past year.
|FMG Average Weekly Movement||6.2%|
|Metals and Mining Industry Average Movement||11.1%|
|Market Average Movement||9.4%|
|10% most volatile stocks in AU Market||16.4%|
|10% least volatile stocks in AU Market||4.3%|
Stable Share Price: FMG is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: FMG's weekly volatility (6%) 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$7.45b|
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
Aug 29, 2022
|Earnings per share (EPS)||2.92|
|Net Profit Margin||42.65%|
How did FMG perform over the long term?See historical performance and comparison
15.2%Current Dividend Yield
How is Fortescue Metals Group forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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 (-25.3% per year).
Earnings vs Market: FMG's earnings are forecast to decline over the next 3 years (-25.3% 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 (-11.8% per year).
High Growth Revenue: FMG's revenue is forecast to decline over the next 3 years (-11.8% 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 (17.9%).
How has Fortescue Metals Group performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FMG has high quality earnings.
Growing Profit Margin: FMG's current net profit margins (42.6%) are higher than last year (40.6%).
Past Earnings Growth Analysis
Earnings Trend: FMG's earnings have grown significantly by 43% per year over the past 5 years.
Accelerating Growth: FMG's earnings growth over the past year (41.2%) is below its 5-year average (43% per year).
Earnings vs Industry: FMG earnings growth over the past year (41.2%) underperformed the Metals and Mining industry 57.8%.
Return on Equity
High ROE: FMG's Return on Equity (57%) is considered outstanding.
How is Fortescue Metals Group's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: FMG's short term assets ($4.6B) exceed its short term liabilities ($2.1B).
Long Term Liabilities: FMG's short term assets ($4.6B) do not cover its long term liabilities ($7.3B).
Debt to Equity History and Analysis
Debt Level: FMG's net debt to equity ratio (6%) is considered satisfactory.
Reducing Debt: FMG's debt to equity ratio has reduced from 49.1% to 24.3% over the past 5 years.
Debt Coverage: FMG's debt is well covered by operating cash flow (268.9%).
Interest Coverage: FMG's interest payments on its debt are well covered by EBIT (107.1x coverage).
What is Fortescue Metals Group current dividend yield, its reliability and sustainability?
Dividend Score 5/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FMG's dividend (15.2%) is higher than the bottom 25% of dividend payers in the Australian market (2.56%).
High Dividend: FMG's dividend (15.2%) is in the top 25% of dividend payers in the Australian market (6.12%)
Stability and Growth of Payments
Stable Dividend: FMG's dividend payments have been volatile in the past 10 years.
Growing Dividend: FMG's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (74.4%), FMG's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (86.9%), FMG's dividend payments are covered by cash flows.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Elizabeth Gaines (57 yo)
Ms. Elizabeth Anne Gaines, CA, MappFin (Macq) serves as Managing Director at Fortescue Metals Group Limited since August 2018. Ms. Gaines has been Chief Executive Officer at Fortescue Metals Group Limited...
CEO Compensation Analysis
Compensation vs Market: Elizabeth's total compensation ($USD3.57M) is about average for companies of similar size in the Australian market ($USD3.91M).
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 (4.3 years average tenure).
Experienced Board: FMG's board of directors are considered experienced (6.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FMG insiders have bought more shares than they have sold 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
- Implied Market Cap: AU$59.657b
- 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||2022/05/17 00:00|
|End of Day Share Price||2022/05/17 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.