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FXPO

FerrexpoLSE:FXPO Stock Report

Market Cap

UK£1.9b

7D

-2.8%

1Y

84.9%

Updated

23 Sep, 2021

Data

Company Financials +
FXPO fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance6/6
Financial Health6/6
Dividends5/6

FXPO Overview

Ferrexpo plc mines for, develops, processes, produces, markets, exports, and sells iron ore pellets to the metallurgical industry.

Ferrexpo Competitors

EVRAZ

LSE:EVR

UK£8.5b

BHP Group

ASX:BHP

AU$188.4b

Rio Tinto Group

LSE:RIO

UK£80.1b

Vale

BOVESPA:VALE3

R$438.8b

Price History & Performance

Summary of all time highs, changes and price drops for Ferrexpo
Historical stock prices
Current Share PriceUK£3.21
52 Week HighUK£1.64
52 Week LowUK£5.13
Beta0.88
1 Month Change-15.30%
3 Month Change-28.73%
1 Year Change84.91%
3 Year Change58.99%
5 Year Change323.76%
Change since IPO113.29%

Recent News & Updates

Aug 13
Does Ferrexpo (LON:FXPO) Deserve A Spot On Your Watchlist?

Does Ferrexpo (LON:FXPO) Deserve A Spot On Your Watchlist?

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...

Jul 29
Estimating The Intrinsic Value Of Ferrexpo plc (LON:FXPO)

Estimating The Intrinsic Value Of Ferrexpo plc (LON:FXPO)

Does the July share price for Ferrexpo plc ( LON:FXPO ) reflect what it's really worth? Today, we will estimate the...

Shareholder Returns

FXPOGB Metals and MiningGB Market
7D-2.8%-2.7%0.4%
1Y84.9%24.7%24.5%

Return vs Industry: FXPO exceeded the UK Metals and Mining industry which returned 23.7% over the past year.

Return vs Market: FXPO exceeded the UK Market which returned 23.1% over the past year.

Price Volatility

Is FXPO's price volatile compared to industry and market?
FXPO volatility
FXPO Beta0.88
Industry Beta0.95
Market Beta1

Stable Share Price: FXPO is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: FXPO's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
200511,000Jim Northhttps://www.ferrexpo.com

Ferrexpo plc mines for, develops, processes, produces, markets, exports, and sells iron ore pellets to the metallurgical industry. It operates two mines and a processing plant near Kremenchug in Ukraine; a port in Odessa; a fleet of vessels operating on the Rhine and Danube waterways; and an ocean-going vessel, which provides top-off services. The company also offers finance, management, procurement, transportation, marketing, shipping, barging, and port services.

Ferrexpo Fundamentals Summary

How do Ferrexpo's earnings and revenue compare to its market cap?
FXPO fundamental statistics
Market CapUS$2.59b
Earnings (TTM)US$1.05b
Revenue (TTM)US$2.28b

2.5x

P/E Ratio

1.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FXPO income statement (TTM)
RevenueUS$2.28b
Cost of RevenueUS$611.54m
Gross ProfitUS$1.67b
ExpensesUS$618.80m
EarningsUS$1.05b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.78
Gross Margin73.14%
Net Profit Margin45.97%
Debt/Equity Ratio0.8%

How did FXPO perform over the long term?

See historical performance and comparison

Dividends

25.5%

Current Dividend Yield

30%

Payout Ratio

Valuation

Is Ferrexpo undervalued compared to its fair value and its price relative to the market?

48.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FXPO (£3.21) is trading below our estimate of fair value (£6.17)

Significantly Below Fair Value: FXPO is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: FXPO is good value based on its PE Ratio (2.5x) compared to the UK Metals and Mining industry average (7.7x).

PE vs Market: FXPO is good value based on its PE Ratio (2.5x) compared to the UK market (23.5x).


Price to Earnings Growth Ratio

PEG Ratio: FXPO's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: FXPO is good value based on its PB Ratio (1.4x) compared to the GB Metals and Mining industry average (2.2x).


Future Growth

How is Ferrexpo forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

-35.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FXPO's earnings are forecast to decline over the next 3 years (-35.7% per year).

Earnings vs Market: FXPO's earnings are forecast to decline over the next 3 years (-35.7% per year).

High Growth Earnings: FXPO's earnings are forecast to decline over the next 3 years.

Revenue vs Market: FXPO's revenue is expected to decline over the next 3 years (-15.3% per year).

High Growth Revenue: FXPO's revenue is forecast to decline over the next 3 years (-15.3% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FXPO's Return on Equity is forecast to be low in 3 years time (17.1%).


Past Performance

How has Ferrexpo performed over the past 5 years?

30.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FXPO has high quality earnings.

Growing Profit Margin: FXPO's current net profit margins (46%) are higher than last year (25.6%).


Past Earnings Growth Analysis

Earnings Trend: FXPO has become profitable over the past 5 years, growing earnings by 30.5% per year.

Accelerating Growth: FXPO's earnings growth over the past year (173.4%) exceeds its 5-year average (30.5% per year).

Earnings vs Industry: FXPO earnings growth over the past year (173.4%) exceeded the Metals and Mining industry 140.8%.


Return on Equity

High ROE: FXPO's Return on Equity (56.3%) is considered outstanding.


Financial Health

How is Ferrexpo's financial position?


Financial Position Analysis

Short Term Liabilities: FXPO's short term assets ($708.4M) exceed its short term liabilities ($281.5M).

Long Term Liabilities: FXPO's short term assets ($708.4M) exceed its long term liabilities ($39.4M).


Debt to Equity History and Analysis

Debt Level: FXPO's debt to equity ratio (0.8%) is considered satisfactory.

Reducing Debt: FXPO's debt to equity ratio has reduced from 267.4% to 0.8% over the past 5 years.

Debt Coverage: FXPO's debt is well covered by operating cash flow (7101.7%).

Interest Coverage: FXPO's interest payments on its debt are well covered by EBIT (195.4x coverage).


Balance Sheet


Dividend

What is Ferrexpo current dividend yield, its reliability and sustainability?

25.45%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FXPO's dividend (25.45%) is higher than the bottom 25% of dividend payers in the UK market (1.36%).

High Dividend: FXPO's dividend (25.45%) is in the top 25% of dividend payers in the UK market (3.95%)


Stability and Growth of Payments

Stable Dividend: FXPO's dividend payments have been volatile in the past 10 years.

Growing Dividend: FXPO's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (29.6%), FXPO's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: FXPO's dividends in 3 years are forecast to be covered by earnings (83.1% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.2yrs

Average management tenure


CEO

Jim North

1.33yrs

Tenure

US$1,534,679

Compensation

Mr. James North, also known as Jim, serves as Executive Director at Ferrexpo Plc since July 5, 2020. He serves as the Group Chief Operating Officer of Ferrexpo Plc since November 1, 2014 and as its Acting...


CEO Compensation Analysis

Compensation vs Market: Jim's total compensation ($USD1.53M) is about average for companies of similar size in the UK market ($USD1.65M).

Compensation vs Earnings: Insufficient data to compare Jim's compensation with company performance.


Leadership Team

Experienced Management: FXPO's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Members

Experienced Board: FXPO's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: FXPO insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Ferrexpo plc's employee growth, exchange listings and data sources


Key Information

  • Name: Ferrexpo plc
  • Ticker: FXPO
  • Exchange: LSE
  • Founded: 2005
  • Industry: Steel
  • Sector: Materials
  • Market Cap: UK£1.887b
  • Shares outstanding: 587.70m
  • Website: https://www.ferrexpo.com

Number of Employees


Location

  • Ferrexpo plc
  • Bahnhofstrasse 13
  • Baar
  • Zug
  • 6340
  • Switzerland

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/23 21:41
End of Day Share Price2021/09/23 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.