Fortescue Future Growth

Future criteria checks 0/6

Fortescue's revenue and earnings are forecast to decline at 6.4% and 26.1% per annum respectively. EPS is expected to decline by 26.2% per annum. Return on equity is forecast to be 12.6% in 3 years.

Key information

-26.1%

Earnings growth rate

-26.2%

EPS growth rate

Metals and Mining earnings growth	2.2%
Revenue growth rate	-6.4%
Future return on equity	12.6%
Analyst coverage	Good
Last updated	26 Sep 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

BMV:FMG1 N - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
6/30/2027	14,685	2,720	2,643	5,289	13
6/30/2026	15,311	3,385	2,728	5,996	16
6/30/2025	15,806	4,005	3,147	6,534	16
6/30/2024	18,220	5,683	5,085	7,919	N/A
3/31/2024	18,384	5,725	5,347	8,287	N/A
12/31/2023	18,548	5,767	5,609	8,654	N/A
9/30/2023	17,710	5,283	5,070	8,043	N/A
6/30/2023	16,871	4,798	4,531	7,432	N/A
3/31/2023	16,986	5,293	4,631	7,445	N/A
12/31/2022	17,100	5,788	4,731	7,458	N/A
9/30/2022	17,245	5,993	4,287	7,052	N/A
6/30/2022	17,390	6,197	3,843	6,646	N/A
3/31/2022	19,232	7,593	5,531	8,483	N/A
12/31/2021	21,074	8,988	7,218	10,320	N/A
9/30/2021	21,679	9,642	8,215	11,457	N/A
6/30/2021	22,284	10,295	9,212	12,594	N/A
3/31/2021	18,977	8,331	7,055	10,153	N/A
12/31/2020	15,670	6,366	4,897	7,711	N/A
9/30/2020	14,245	5,551	4,684	7,063	N/A
6/30/2020	12,820	4,735	4,470	6,415	N/A
3/31/2020	12,865	4,866	4,820	6,477	N/A
12/31/2019	12,910	4,996	5,170	6,539	N/A
9/30/2019	11,438	4,092	4,248	5,456	N/A
6/30/2019	9,965	3,187	3,325	4,373	N/A
3/31/2019	8,357	2,015	2,226	3,256	N/A
12/31/2018	6,748	842	1,126	2,138	N/A
9/30/2018	6,818	861	913	1,870	N/A
6/30/2018	6,887	879	700	1,601	N/A
3/31/2018	7,261	1,216	N/A	2,206	N/A
12/31/2017	7,634	1,552	N/A	2,810	N/A
9/30/2017	8,041	1,823	N/A	3,533	N/A
6/30/2017	8,447	2,093	N/A	4,256	N/A
3/31/2017	8,339	1,990	N/A	3,731	N/A
12/31/2016	8,231	1,887	N/A	3,206	N/A
9/30/2016	7,657	1,436	N/A	2,826	N/A
6/30/2016	7,083	984	N/A	2,446	N/A
3/31/2016	7,072	645	N/A	2,338	N/A
12/31/2015	7,060	305	N/A	2,229	N/A
9/30/2015	7,817	311	N/A	2,133	N/A
6/30/2015	8,574	317	N/A	2,037	N/A
3/31/2015	9,656	832	N/A	2,772	N/A
12/31/2014	10,738	1,347	N/A	3,507	N/A
9/30/2014	11,246	2,039	N/A	4,878	N/A
6/30/2014	11,753	2,730	N/A	6,248	N/A
3/31/2014	11,211	2,856	N/A	6,210	N/A
12/31/2013	10,669	2,982	N/A	6,171	N/A
9/30/2013	9,395	2,364	N/A	4,588	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: FMG1 N's earnings are forecast to decline over the next 3 years (-26.1% per year).

Earnings vs Market: FMG1 N's earnings are forecast to decline over the next 3 years (-26.1% per year).

High Growth Earnings: FMG1 N's earnings are forecast to decline over the next 3 years.

Revenue vs Market: FMG1 N's revenue is expected to decline over the next 3 years (-6.4% per year).

High Growth Revenue: FMG1 N's revenue is forecast to decline over the next 3 years (-6.4% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: FMG1 N's Return on Equity is forecast to be low in 3 years time (12.6%).

Fortescue Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Fortescue Metals Group Limited Provides Production Guidance for the Year 2023

Recent updates

Investor sentiment deteriorates as stock falls 24%

Less than half of directors are independent

Fortescue Ltd Appoints Noel Pearson as Non-Executive Director

Fortescue Ltd Announces Executive Changes

Less than half of directors are independent

Fortescue Ltd, Annual General Meeting, Nov 06, 2024

Fortescue Ltd Announces Executive Changes

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

Fortescue Metals Group Limited Announces CFO Changes

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

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

Fortescue Metals Group Limited Announces Board Changes

Fortescue Metals Group Ltd Appoints Christine Morris as Chief Financial Officer

Upcoming dividend of AU$0.75 per share at 8.3% yield

First half 2023 earnings released: EPS: US$0.77 (vs US$0.90 in 1H 2022)

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

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

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

Fortescue Metals Group Limited Provides Production Guidance for the Year 2023

Non-Executive Director recently bought Mex$290k worth of stock

Non-Executive Director recently bought Mex$81k worth of stock

Full year 2022 earnings released: EPS: US$2.01 (vs US$3.35 in FY 2021)

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

Less than half of directors are independent

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Less than half of directors are independent

Fortescue Metals Group Ltd Announces Executive Changes

Fortescue Metals Group Ltd Announces Executive Changes

Less than half of directors are independent

Less than half of directors are independent

Investor sentiment deteriorated over the past week

Fortescue Metals Group Limited, Annual General Meeting, Nov 22, 2022

Fortescue Metals Group Limited (ASX:FMG) completed the acquisition of Williams Advanced Engineering Ltd from Williams Grand Prix Holdings PLC (XTRA:WGF1) and EMK Capital LLP.

Less than half of directors are independent

Non-Executive Director recently bought Mex$87k worth of stock

Fortescue Metals Group Ltd Announces Resignation of Cao Zhiqiang as Non-Executive Director

Upcoming dividend of AU$0.86 per share

First half 2022 earnings: Revenues and EPS in line with analyst expectations

Fortescue Metals Group Limited Announces Dividend for the Six Months Ended December 31, 2021, Payable on March 30, 2022

Fortescue Metals Group Limited Announces Executive Changes

Less than half of directors are independent

Fortescue Metals Group Limited (ASX:FMG) entered into a share sale and purchase agreement to acquire Williams Advanced Engineering Ltd from Williams Grand Prix Holdings PLC (XTRA:WGF1) and EMK Capital LLP for £164 million.

Fortescue Metals Group Limited Provides Mineral Resources and Ore Reserves Update

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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