Loading...

Ferrexpo

OTCPK:FEEX.F
Snowflake Description

Excellent balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FEEX.F
OTCPK
£2B
Market Cap
  1. Home
  2. US
  3. Materials
Company description

Ferrexpo Plc mines for, develops, processes, produces, markets, exports, and sells iron ore pellets to the metallurgical industry worldwide. The last earnings update was 85 days ago. More info.


Add to Portfolio Compare Print
  • Ferrexpo has significant price volatility in the past 3 months.
FEEX.F Share Price and Events
7 Day Returns
0%
OTCPK:FEEX.F
1.4%
US Metals and Mining
1.1%
US Market
1 Year Returns
-
OTCPK:FEEX.F
-15.9%
US Metals and Mining
4.7%
US Market
FEEX.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ferrexpo (FEEX.F) 0% 30.9% - - - 46.7%
US Metals and Mining 1.4% 6.3% -3.5% -15.9% -0.8% -17.7%
US Market 1.1% 4.3% 2.9% 4.7% 37.7% 43.6%
1 Year Return vs Industry and Market
  • No trading data on FEEX.F.
  • No trading data on FEEX.F.
Price Volatility
FEEX.F
Industry
5yr Volatility vs Market

Value

 Is Ferrexpo undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Ferrexpo to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Ferrexpo.

OTCPK:FEEX.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.4%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:FEEX.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6.7%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.053 (1 + (1- 19%) (20.56%))
1.153
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.15
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.153 * 6.65%)
10.4%

Discounted Cash Flow Calculation for OTCPK:FEEX.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Ferrexpo is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:FEEX.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.4%)
2020 334.24 Analyst x5 302.76
2021 300.18 Analyst x5 246.29
2022 148.00 Analyst x1 109.99
2023 129.00 Analyst x1 86.84
2024 117.66 Est @ -8.79% 71.75
2025 111.38 Est @ -5.33% 61.52
2026 108.14 Est @ -2.91% 54.10
2027 106.82 Est @ -1.22% 48.41
2028 106.78 Est @ -0.04% 43.83
2029 107.63 Est @ 0.79% 40.02
Present value of next 10 years cash flows $1,065.51
OTCPK:FEEX.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $107.63 × (1 + 2.73%) ÷ (10.4% – 2.73%)
$1,441.68
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,441.68 ÷ (1 + 10.4%)10
$536.06
OTCPK:FEEX.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,065.51 + $536.06
$1,601.57
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,601.57 / 586.30
$2.08
OTCPK:FEEX.F Discount to Share Price
Calculation Result
Exchange Rate USD/GBP
(Reporting currency to currency of LSE:FXPO)
0.806
Value per Share
(GBP)
= Value per Share in USD x Exchange Rate (USD/GBP)
= $2.73 x 0.806
£2.2
Value per share (USD) From above. $2.90
Current discount Discount to share price of $3.53
= -1 x ($3.53 - $2.90) / $2.90
-22%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Ferrexpo is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Ferrexpo's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ferrexpo's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:FEEX.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.57
LSE:FXPO Share Price ** LSE (2019-07-03) in GBP £2.69
LSE:FXPO Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.241 $3.33
United States of America Metals and Mining Industry PE Ratio Median Figure of 45 Publicly-Listed Metals and Mining Companies 10.82x
United States of America Market PE Ratio Median Figure of 3,084 Publicly-Listed Companies 17.98x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Ferrexpo.

OTCPK:FEEX.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:FXPO Share Price ÷ EPS (both in USD)

= 3.33 ÷ 0.57

5.86x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ferrexpo is good value based on earnings compared to the US Metals and Mining industry average.
  • Ferrexpo is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Ferrexpo's expected growth come at a high price?
Raw Data
OTCPK:FEEX.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.86x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
-6.9%per year
United States of America Metals and Mining Industry PEG Ratio Median Figure of 23 Publicly-Listed Metals and Mining Companies 0.66x
United States of America Market PEG Ratio Median Figure of 2,125 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

OTCPK:FEEX.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.86x ÷ -6.9%

-0.85x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ferrexpo earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Ferrexpo's assets?
Raw Data
OTCPK:FEEX.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $1.48
LSE:FXPO Share Price * LSE (2019-07-03) in GBP £2.69
LSE:FXPO Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.241 $3.33
United States of America Metals and Mining Industry PB Ratio Median Figure of 106 Publicly-Listed Metals and Mining Companies 1.45x
United States of America Market PB Ratio Median Figure of 5,240 Publicly-Listed Companies 1.81x
OTCPK:FEEX.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:FXPO Share Price ÷ Book Value per Share (both in USD)

= 3.33 ÷ 1.48

2.26x

* Primary Listing of Ferrexpo.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ferrexpo is overvalued based on assets compared to the US Metals and Mining industry average.
X
Value checks
We assess Ferrexpo's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Ferrexpo has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Ferrexpo expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-6.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ferrexpo expected to grow at an attractive rate?
  • Ferrexpo's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Ferrexpo's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Ferrexpo's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:FEEX.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:FEEX.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts -6.9%
OTCPK:FEEX.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 2.4%
United States of America Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 18%
United States of America Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 5.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:FEEX.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:FEEX.F Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,579 352 207 1
2022-12-31 1,430 374 214 2
2021-12-31 1,415 395 326 7
2020-12-31 1,479 472 409 10
2019-12-31 1,567 533 544 10
OTCPK:FEEX.F Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 1,274 292 334
2018-09-30 1,249 304 332
2018-06-30 1,223 316 330
2018-03-31 1,210 334 361
2017-12-31 1,197 353 393
2017-09-30 1,158 369 359
2017-06-30 1,119 384 325
2017-03-31 1,053 358 256
2016-12-31 986 332 187
2016-09-30 947 257 91
2016-06-30 907 182 -5
2016-03-31 932 153 14

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Ferrexpo's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Ferrexpo's revenue is expected to grow by 2.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:FEEX.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from Ferrexpo Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:FEEX.F Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.35 0.35 0.35 1.00
2022-12-31 0.36 0.36 0.36 1.00
2021-12-31 0.55 0.70 0.47 5.00
2020-12-31 0.70 1.01 0.37 7.00
2019-12-31 0.92 1.22 0.66 7.00
OTCPK:FEEX.F Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.57
2018-09-30 0.57
2018-06-30 0.56
2018-03-31 0.62
2017-12-31 0.67
2017-09-30 0.61
2017-06-30 0.56
2017-03-31 0.44
2016-12-31 0.32
2016-09-30 0.16
2016-06-30 -0.01
2016-03-31 0.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Ferrexpo is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Ferrexpo's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Ferrexpo has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Ferrexpo performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Ferrexpo's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Ferrexpo's year on year earnings growth rate has been positive over the past 5 years.
  • Ferrexpo's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Ferrexpo's 1-year earnings growth is negative, it can't be compared to the US Metals and Mining industry average.
Earnings and Revenue History
Ferrexpo's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Ferrexpo Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:FEEX.F Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,274.03 333.62 308.06
2018-09-30 1,248.60 331.58 298.20
2018-06-30 1,223.16 329.54 288.34
2018-03-31 1,210.33 361.23 276.05
2017-12-31 1,197.49 392.93 263.75
2017-09-30 1,158.47 359.11 257.18
2017-06-30 1,119.45 325.29 250.61
2017-03-31 1,052.89 256.32 250.49
2016-12-31 986.33 187.35 250.38
2016-09-30 946.68 91.34 251.08
2016-06-30 907.04 -4.67 251.78
2016-03-31 932.37 14.32 258.88
2015-12-31 961.00 33.04 266.21
2015-09-30 1,045.89 106.93 286.86
2015-06-30 1,141.25 89.89 308.49
2015-03-31 1,232.38 115.56 328.86
2014-12-31 1,388.29 178.32 364.46
2014-09-30 1,551.67 230.93 400.11
2014-06-30 1,565.60 339.62 400.95
2014-03-31 1,607.53 319.21 406.23
2013-12-31 1,581.39 261.98 396.04
2013-09-30 1,449.97 202.23 374.15
2013-06-30 1,467.48 196.62 376.98
2013-03-31 1,445.75 206.95 376.10
2012-12-31 1,424.03 217.28 375.23
2012-09-30 1,556.79 318.42 394.15

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Ferrexpo has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Ferrexpo used its assets more efficiently than the US Metals and Mining industry average last year based on Return on Assets.
  • Ferrexpo has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Ferrexpo's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Ferrexpo has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Ferrexpo's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Ferrexpo's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ferrexpo is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Ferrexpo's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Ferrexpo's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Ferrexpo Company Filings, last reported 6 months ago.

OTCPK:FEEX.F Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 866.90 399.78 63.00
2018-09-30 866.90 399.78 63.00
2018-06-30 761.51 446.79 82.25
2018-03-31 761.51 446.79 82.25
2017-12-31 615.84 485.66 97.74
2017-09-30 615.84 485.66 97.74
2017-06-30 533.00 565.97 92.65
2017-03-31 533.00 565.97 92.65
2016-12-31 323.29 723.99 144.75
2016-09-30 323.29 723.99 144.75
2016-06-30 293.22 785.67 44.44
2016-03-31 293.22 785.67 44.44
2015-12-31 243.93 890.45 35.33
2015-09-30 243.93 890.45 35.33
2015-06-30 463.60 1,107.74 470.54
2015-03-31 365.35 1,172.14 493.90
2014-12-31 717.60 1,286.36 626.51
2014-09-30 953.58 1,300.95 680.56
2014-06-30 1,169.98 1,033.11 359.44
2014-03-31 1,735.04 1,029.24 390.49
2013-12-31 1,735.04 1,006.46 390.49
2013-09-30
2013-06-30 1,616.06 991.16 446.43
2013-03-31 1,616.06 991.16 446.43
2012-12-31 1,547.40 996.79 596.56
2012-09-30 1,545.84 1,011.71 673.91
  • Ferrexpo's level of debt (46.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (59.3% vs 46.4% today).
  • Debt is well covered by operating cash flow (72.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 12.5x coverage).
X
Financial health checks
We assess Ferrexpo's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Ferrexpo has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
7.92%
Current annual income from Ferrexpo dividends. Estimated to be 7.75% next year.
If you bought $2,000 of Ferrexpo shares you are expected to receive $158 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Ferrexpo's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.42%).
  • Ferrexpo's dividend is above the markets top 25% of dividend payers in United States of America (3.73%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:FEEX.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
United States of America Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 31 Stocks 2.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:FEEX.F Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.23 1.00
2022-12-31 0.26 1.00
2021-12-31 0.23 4.00
2020-12-31 0.28 5.00
2019-12-31 0.26 5.00
OTCPK:FEEX.F Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-06-07 0.264 7.896
2018-12-06 0.198 6.625
2018-04-13 0.165 6.473
2018-03-21 0.165 4.846
2017-12-07 0.066 1.634
2017-05-25 0.033 1.045
2016-08-03 0.000 0.000
2016-04-19 0.000 0.000
2016-03-10 0.000 0.000
2015-08-05 0.132 31.325
2015-04-08 0.132 12.681
2015-03-11 0.132 14.665
2015-01-19 0.132 14.726
2014-08-06 0.132 10.193
2014-03-31 0.132 5.570
2014-03-12 0.132 5.509
2013-08-07 0.066 2.325
2013-03-13 0.066 2.603
2013-01-31 0.066 1.749
2012-08-21 0.066 1.920
2012-04-12 0.066 1.961
2012-03-14 0.066 1.363
2011-08-03 0.066 1.333
2011-04-05 0.066 0.888
2011-03-23 0.066 0.941
2011-03-22 0.066 0.982
2010-08-05 0.066 1.162
2010-05-28 0.066 1.637
2009-11-02 0.066 1.752
2009-03-24 0.065 3.209
2008-08-28 0.064 8.460

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Ferrexpo's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.6x coverage).
X
Income/ dividend checks
We assess Ferrexpo's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Ferrexpo afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ferrexpo has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Ferrexpo's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Kostyantin Zhevago
COMPENSATION $251,195
AGE 45
TENURE AS CEO 10.7 years
CEO Bio

Mr. Kostyantin Valentynovych Zhevago has been the Chief Executive Officer of Ferrexpo Plc since November 1, 2008 and its Director since June 14, 2007. Mr. Zhevago served as Financial Director at CJSC Commercial Bank Finance and Credit from 1993 to 1996. He has substantial management and investment experience gained over a 25-year business career in Ukraine. He serves as Co-Chairman of the Parliamentary Group for Inter-Parliamentary Relations with Japan. He served as Chairman of the Management Board and Deputy Chairman of the supervisory board of CJSC Commercial Bank Finance and Credit ("Finance and Credit Bank") from 1996 to 2000. Mr. Zhevago has over nine years of managerial experience. He has been a Member of the Ukrainian Parliament since 1998 and is a Member of the "Yuliya Timoshenko Block" political faction. He served as a Non-Independent Non-Executive Director at New World Resources PLC from April 26, 2012 to February 24, 2014 and also served as its Non Executive Director from April 28, 2009 to May 6, 2011. He served as Member of the supervisory board of JSC Ukrnafta. He serves as Member of the Parliamentary Committee on Law Policy. He has been a Member of the permanent delegation of the Ukrainian Parliament in the Parliamentary Assembly of the European Council and a Member of the Ukrainian faction of the Committee for Parliamentary Cooperation between Ukraine and the European Union since 2002. Mr. Zhevago graduated from the Kyiv State Economic University in 1996, specialising in international economics..

CEO Compensation
  • Kostyantin's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Kostyantin's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Ferrexpo management team in years:

10.7
Average Tenure
47
Average Age
  • The average tenure for the Ferrexpo management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Kostyantin Zhevago

TITLE
CEO & Executive Director
COMPENSATION
$251K
AGE
45
TENURE
10.7 yrs

Chris Mawe

TITLE
CFO & Executive Director
COMPENSATION
$2M
AGE
57
TENURE
11.5 yrs

Jim North

TITLE
Group Chief Operating Officer

Jason Keys

TITLE
Group Chief Marketing Officer
AGE
47

Greg Nortje

TITLE
Chief Human Resources Officer
TENURE
5.5 yrs

Brian McLelland

TITLE
Interim Company Secretary
TENURE
0.5 yrs

Viktor Lotous

TITLE
Head of Managing Board & COO
COMPENSATION
$73K
AGE
54
TENURE
12.3 yrs

Nikoley Kladiev

TITLE
Chief Financial Officer of OJSC Ferrexpo Poltava Mining
AGE
46
Board of Directors Tenure

Average tenure and age of the Ferrexpo board of directors in years:

2.7
Average Tenure
57
Average Age
  • The average tenure for the Ferrexpo board of directors is less than 3 years, this suggests a new board.
Board of Directors

Steve Lucas

TITLE
Non-Executive Chairman
COMPENSATION
$440K
AGE
64
TENURE
2.7 yrs

Kostyantin Zhevago

TITLE
CEO & Executive Director
COMPENSATION
$251K
AGE
45
TENURE
12.1 yrs

Chris Mawe

TITLE
CFO & Executive Director
COMPENSATION
$2M
AGE
57
TENURE
11.5 yrs

Graeme Dacomb

TITLE
Independent Non-Executive Director
TENURE
0.1 yrs

Lucio Salvatore Genovese

TITLE
Non-Executive Director
COMPENSATION
$151K
AGE
57
TENURE
0.4 yrs

Vitalii Lisovenko

TITLE
Independent Non-Executive Director
COMPENSATION
$135K
TENURE
2.7 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Ferrexpo individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
03. Jul 19 Buy Greg Nortje Individual 01. Jul 19 01. Jul 19 594 $3.55 $2,111
03. Jul 19 Buy Jason Keys Individual 01. Jul 19 01. Jul 19 3,772 $3.55 $13,408
03. Jul 19 Buy Viktor Lotous Individual 01. Jul 19 01. Jul 19 2,836 $3.55 $10,081
03. Jul 19 Buy Nikoley Kladiev Individual 01. Jul 19 01. Jul 19 1,088 $3.55 $3,867
03. Jul 19 Buy Nikolay Goroshko Individual 01. Jul 19 01. Jul 19 1,752 $3.55 $6,228
03. Jul 19 Buy Christopher Mawe Individual 01. Jul 19 01. Jul 19 2,254 $3.55 $8,012
15. May 19 Buy Greg Nortje Individual 14. May 19 14. May 19 758 $2.80 $2,126
15. May 19 Buy Jason Keys Individual 14. May 19 14. May 19 4,806 $2.80 $13,478
15. May 19 Buy Viktor Lotous Individual 14. May 19 14. May 19 3,614 $2.80 $10,135
15. May 19 Buy Nikoley Kladiev Individual 14. May 19 14. May 19 1,387 $2.80 $3,890
15. May 19 Buy Nikolay Goroshko Individual 14. May 19 14. May 19 2,233 $2.80 $6,262
15. May 19 Buy Christopher Mawe Individual 14. May 19 14. May 19 2,872 $2.80 $8,054
15. Jan 19 Buy Greg Nortje Individual 14. Jan 19 14. Jan 19 434 $2.60 $1,129
15. Jan 19 Buy Jason Keys Individual 14. Jan 19 14. Jan 19 3,340 $2.60 $8,685
15. Jan 19 Buy Viktor Lotous Individual 14. Jan 19 14. Jan 19 3,107 $2.60 $8,080
15. Jan 19 Buy Nikoley Kladiev Individual 14. Jan 19 14. Jan 19 1,178 $2.60 $3,063
15. Jan 19 Buy Nikolay Goroshko Individual 14. Jan 19 14. Jan 19 2,096 $2.60 $5,451
15. Jan 19 Buy Christopher Mawe Individual 14. Jan 19 14. Jan 19 3,117 $2.60 $8,106
28. Sep 18 Buy Greg Nortje Individual 26. Sep 18 26. Sep 18 207 $2.68 $555
28. Sep 18 Buy Jason Keys Individual 26. Sep 18 26. Sep 18 1,595 $2.68 $4,278
28. Sep 18 Buy Viktor Lotous Individual 26. Sep 18 26. Sep 18 1,484 $2.68 $3,980
28. Sep 18 Buy Nikoley Kladiev Individual 26. Sep 18 26. Sep 18 563 $2.68 $1,510
28. Sep 18 Buy Nikolay Goroshko Individual 26. Sep 18 26. Sep 18 1,002 $2.68 $2,688
28. Sep 18 Buy Christopher Mawe Individual 26. Sep 18 26. Sep 18 1,489 $2.68 $3,994
X
Management checks
We assess Ferrexpo's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Ferrexpo has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Ferrexpo Plc mines for, develops, processes, produces, markets, exports, and sells iron ore pellets to the metallurgical industry worldwide. The company 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 on international sea routes. It also offers finance, management, procurement, transportation, marketing, shipping, barging, and port services. The company was incorporated in 2005 and is based in London, United Kingdom. Ferrexpo Plc is a subsidiary of Fevamotinico S.a.r.L.

Details
Name: Ferrexpo Plc
FEEX.F
Exchange: OTCPK
Founded: 2005
£1,954,374,775
586,297,886
Website: http://www.ferrexpo.com
Address: Ferrexpo Plc
55 St James’s Street,
London,
Greater London, SW1A 1LA,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE FXPO Ordinary Shares London Stock Exchange GB GBP 15. Jun 2007
OTCPK FEEX.F Ordinary Shares Pink Sheets LLC US USD 15. Jun 2007
DB FEX Ordinary Shares Deutsche Boerse AG DE EUR 15. Jun 2007
BATS-CHIXE FXPOL Ordinary Shares BATS 'Chi-X Europe' GB GBP 15. Jun 2007
Number of employees
Current staff
Staff numbers
9,170
Ferrexpo employees.
Industry
Steel
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/17 00:19
End of day share price update: 2019/07/03 00:00
Last estimates confirmation: 2019/07/16
Last earnings filing: 2019/04/23
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.