OTCPK:FEEX.F

Stock Analysis Report

Executive Summary

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


Snowflake Analysis

Flawless balance sheet with solid track record and pays a dividend.


Similar Companies

Share Price & News

How has Ferrexpo's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FEEX.F has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

FEEX.F

1.1%

US Metals and Mining

0.06%

US Market


1 Year Return

n/a

FEEX.F

-1.9%

US Metals and Mining

19.3%

US Market

Return vs Industry: Insufficient data to determine how FEEX.F performed against the US Metals and Mining industry.

Return vs Market: Insufficient data to determine how FEEX.F performed against the US Market.


Shareholder returns

FEEX.FIndustryMarket
7 Day0%1.1%0.06%
30 Day0%-3.4%1.7%
90 Dayn/a0.4%9.0%
1 Yearn/a0.6%-1.9%21.8%19.3%
3 Yearn/a-0.8%-6.1%49.5%39.9%
5 Year141.5%141.5%20.9%11.6%73.1%54.1%

Price Volatility Vs. Market

How volatile is Ferrexpo's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

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

1.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FEEX.F ($1.86) is trading below our estimate of fair value ($1.88)

Significantly Below Fair Value: FEEX.F is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: FEEX.F is good value based on its PE Ratio (2.6x) compared to the Metals and Mining industry average (11.1x).

PE vs Market: FEEX.F is good value based on its PE Ratio (2.6x) compared to the US market (18.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: FEEX.F is good value based on its PB Ratio (1.1x) compared to the US Metals and Mining industry average (1.5x).


Next Steps

Future Growth

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

-25.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FEEX.F's earnings are forecast to decline over the next 3 years (-25.3% per year).

Earnings vs Market: FEEX.F's earnings are forecast to decline over the next 3 years (-25.3% per year).

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

Revenue vs Market: FEEX.F's revenue is expected to decline over the next 3 years (-2.3% per year).

High Growth Revenue: FEEX.F's revenue is forecast to decline over the next 3 years (-2.3% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FEEX.F's Return on Equity is forecast to be low in 3 years time (12.1%).


Next Steps

Past Performance

How has Ferrexpo performed over the past 5 years?

25.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FEEX.F has a high level of non-cash earnings.

Growing Profit Margin: FEEX.F's current net profit margins (31.3%) are higher than last year (26.9%).


Past Earnings Growth Analysis

Earnings Trend: FEEX.F's earnings have grown significantly by 25.1% per year over the past 5 years.

Accelerating Growth: FEEX.F's earnings growth over the past year (37%) exceeds its 5-year average (25.1% per year).

Earnings vs Industry: FEEX.F earnings growth over the past year (37%) exceeded the Metals and Mining industry -17.7%.


Return on Equity

High ROE: FEEX.F's Return on Equity (41.5%) is considered outstanding.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Ferrexpo's financial position?


Financial Position Analysis

Short Term Liabilities: FEEX.F's short term assets ($473.0M) exceed its short term liabilities ($227.2M).

Long Term Liabilities: FEEX.F's short term assets ($473.0M) exceed its long term liabilities ($334.2M).


Debt to Equity History and Analysis

Debt Level: FEEX.F's debt to equity ratio (33.5%) is considered satisfactory.

Reducing Debt: FEEX.F's debt to equity ratio has reduced from 88.7% to 33.5% over the past 5 years.

Debt Coverage: FEEX.F's debt is well covered by operating cash flow (106.7%).

Interest Coverage: FEEX.F's interest payments on its debt are well covered by EBIT (22.5x coverage).


Balance Sheet

Inventory Level: FEEX.F has a high level of physical assets or inventory.

Debt Coverage by Assets: FEEX.F's debt is covered by short term assets (assets are 1.3x debt).


Next Steps

Dividend

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

13.00%

Current Dividend Yield


Dividend Yield vs Market

company13.0%marketbottom25%1.4%markettop25%3.7%industryaverage2.6%forecastin3Years7.8%

Current dividend yield vs market & industry

Notable Dividend: FEEX.F's dividend (13%) is higher than the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: FEEX.F's dividend (13%) is in the top 25% of dividend payers in the US market (3.71%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (17.1%), FEEX.F's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: FEEX.F's dividends in 3 years are forecast to be well covered by earnings (41.1% payout ratio).


Next Steps

Management

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

1.1yrs

Average management tenure


CEO

Chris Mawe (57yo)

0.3yrs

Tenure

US$2,028,018

Compensation

Mr. Christopher Mawe, also known as Chris, FCA, has been Acting Chief Executive Officer at Ferrexpo PLC since October 25, 2019. He served as Chief Financial Officer of Ferrexpo PLC., since January 2008 unt ...


CEO Compensation Analysis

Compensation vs Market: Chris's total compensation ($USD2.06M) is about average for companies of similar size in the US market ($USD2.48M).

Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Christopher Mawe
Acting CEO & Executive Director0.3yrsUS$2.03m0.046% $548.8k
Roman Palyvoda
Acting Chief Financial Officer0.3yrsno datano data
James North
Group Chief Operating Officer0yrsno datano data
Jason Keys
Group Chief Marketing Officer0yrsno data0.058% $693.1k
Greg Nortje
Chief Human Resources Officer6.1yrsno data0.0092% $109.2k
Brian McLelland
Company Secretary1.1yrsno datano data
Viktor Lotous
Head of Managing Board & COO12.8yrsUS$72.98k0.044% $521.2k
Nikoley Kladiev
Chief Financial Officer of OJSC Ferrexpo Poltava Mining0yrsno data0.019% $229.8k

1.1yrs

Average Tenure

50.5yo

Average Age

Experienced Management: FEEX.F's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Christopher Mawe
Acting CEO & Executive Director0.3yrsUS$2.03m0.046% $548.8k
Stephen Lucas
Non-Executive Chairman3.3yrsUS$440.00kno data
Kostyantin Zhevago
Non Independent Non Executive Director12.7yrsUS$251.20k50.45% $601.3m
Raffaele Salvatore Genovese
Non-Executive Director1yrsUS$151.00kno data
Vitalii Lisovenko
Senior Independent Non-Executive Director0.5yrsUS$135.00kno data
Fiona MacAulay
Independent Non-Executive Director0.5yrsno datano data
Graeme Dacomb
Independent Non-Executive Director0.7yrsno datano data

1.0yrs

Average Tenure

57yo

Average Age

Experienced Board: FEEX.F's board of directors are not considered experienced ( 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: FEEX.F 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 company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ferrexpo Plc
  • Ticker: FEEX.F
  • Exchange: OTCPK
  • Founded: 2005
  • Industry: Steel
  • Sector: Materials
  • Market Cap: UK£925.870m
  • Listing Market Cap: UK£1.192b
  • Shares outstanding: 586.92m
  • Website: https://www.ferrexpo.com

Number of Employees


Location

  • Ferrexpo Plc
  • 55 St James’s Street
  • London
  • Greater London
  • SW1A 1LA
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FXPOLSE (London Stock Exchange)YesOrdinary SharesGBGBPJun 2007
FEXDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2007
FEEX.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJun 2007
FXPOLBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPJun 2007

Biography

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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/21 01:02
End of Day Share Price2019/12/04 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.