FMG · ASX

Fortescue Ltd (ASX:FMG)

AU$18.65

 0.41 (2.248%)
ASX:Live
21/02/2025 04:10:56 PM
Recent Earnings downgrade HALO Ords HALO Capital Efficiency HALO 50 HALO 200 +7
Consensus Score
/10
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FMG Overview

FMG Health Scores

Short Term

Mean Reversion

Neutral

Trend

Neutral

Event

Very Weak

Halo Model

MQV

Neutral

GARP

Very Strong

MQV Small

Neutral

Valuation

Value

Consensus

Momentum

Price

Neutral

Earnings

Strong

Growth

Earnings

Very Strong

Dividends

Very Strong

Quality

Capital Efficiency

Very Weak

Balance Sheet

Neutral

About FMG

Website

Fortescue Ltd

Telephone

61.8.6218.8888

Address

Level 2 87 Adelaide Terrace East Perth, Western Australia (WA) 6004

Description

Fortescue Ltd. engages in the development of iron ore deposits. It operates through the Metals and Energy segments. The Metals segment includes exploration, development, production, processing, sale, and transportation of iron ore, and the exploration for other minerals. The Energy segment is involved in the development of green electricity, green hydrogen, and green ammonia projects. The company was founded by John Andrew Henry Forrest in April 2003 and is headquartered in East Perth, Australia.

FMG Price Chart

Key Stats

Market Cap

AU$59.89B

PE

6.50

EV/EBITDA

3.7

Dividends Overview

DIV Yield

10.4%

Franking

N/A

Ex Dividend Date (est.)

26-Feb-25

Market Data

52 weeks range

Low 15.88 - 28.54

Trade Value (12mth)

US$25,773,442.00

1 week

-6.56%

1 month

-5.83%

YTD

-3.03%

1 year

-33.06%

All time high

29.95

Key Fundamentals

EPS 3 yr Growth

-44.80%

EBITDA Margin

58.40%

Operating Cashflow

$7,881m

Free Cash Flow Return

33.50%

ROIC

24.10%

Interest Coverage

27.60

Quick Ratio

2.10

Other Data

Shares on Issue (Fully Dilluted)

3081m

HALO Sector

Mining

Next Company Report Date

26-Aug-25

Ex Dividend Date (est.)

26-Feb-25

Next Dividend Pay Date (est.)

27-Mar-25

Reporting Currency

USD

Short Sell (% of issue)

1.33

FMG Announcements

Latest Announcements

Date Announcements

20 February 25

Appendix 4D

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Appendix 4D

20 February 25

FY25 Half Year Financial Report

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FY25 Half Year Financial Report

20 February 25

Dividend/Distribution - FMG

×

Dividend/Distribution - FMG

20 February 25

FY25 Half Year Results Announcement

×

FY25 Half Year Results Announcement

20 February 25

FY25 Half Year Results Presentation

×

FY25 Half Year Results Presentation

20 February 25

Change in substantial holding for RHK

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Change in substantial holding for RHK

18 February 25

Change in substantial holding for RHK

×

Change in substantial holding for RHK

18 February 25

RHK: Compulsory Acquisition of Red Hawk Mining Shares

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RHK: Compulsory Acquisition of Red Hawk Mining Shares

14 February 25

Change in substantial holding for RHK

×

Change in substantial holding for RHK

12 February 25

Change in substantial holding for RHK

×

Change in substantial holding for RHK

12 February 25

Appointment of Non-Executive Director

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Appointment of Non-Executive Director

11 February 25

RHK:Takeover Offer for Red Hawk Mining Declared Uncondition'

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RHK:Takeover Offer for Red Hawk Mining Declared Uncondition'

11 February 25

Change in substantial holding for RHK

×

Change in substantial holding for RHK

10 February 25

Change in substantial holding for RHK

×

Change in substantial holding for RHK

06 February 25

Change in substantial holding for RHK

×

Change in substantial holding for RHK

05 February 25

RHK:Fortescue Increased Offer Price of $1.20/share Triggered

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RHK:Fortescue Increased Offer Price of $1.20/share Triggered

05 February 25

RHK: Supplementary Target's Statement

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RHK: Supplementary Target's Statement

05 February 25

Fortescue acquires 75 per cent of Red Hawk Mining Limited

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Fortescue acquires 75 per cent of Red Hawk Mining Limited

04 February 25

RHK: Fortescue Obtains a Majority Interest in Red Hawk

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RHK: Fortescue Obtains a Majority Interest in Red Hawk

28 January 25

Fortescue To Acquire Red Hawk Mining

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Fortescue To Acquire Red Hawk Mining

28 January 25

Bidder's Statement - FMG Pilbara Pty Ltd

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Bidder's Statement - FMG Pilbara Pty Ltd

28 January 25

RHK: Recommended Off-Market Takeover Offer from Fortescue

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RHK: Recommended Off-Market Takeover Offer from Fortescue

28 January 25

Becoming a substantial holder for RHK

×

Becoming a substantial holder for RHK

28 January 25

RHK: On-market Acquisitions Notice

×

RHK: On-market Acquisitions Notice

28 January 25

RHK: Target's Statement

×

RHK: Target's Statement

FMG Fundamentals

Per Share Records

Historical data

Forecast data

USD 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Per Share, Growth & Valuations
EPS (Basic) $ Lock Lock Lock Lock 2.01 1.56 1.85 Lock Lock Lock
EPS (Fully Diluted) $ Lock Lock Lock Lock 2.01 1.56 1.84 Lock Lock Lock
     Growth % Lock Lock Lock Lock -39.8 -22.6 18.4 Lock Lock Lock
     PE X Lock Lock Lock Lock 6.8 7.4 6.5 Lock Lock Lock
     EV/EBITDA X Lock Lock Lock Lock 4.1 4.3 3.7 Lock Lock Lock
CFPS $ Lock Lock Lock Lock 2.63 2.53 2.62 Lock Lock Lock
FCFPS $ Lock Lock Lock Lock -0.94 0.19 0.29 Lock Lock Lock
     Growth % Lock Lock Lock Lock -31.7 -3.7 3.5 Lock Lock Lock
     Yield % Lock Lock Lock Lock -7.4 1.3 2.1 Lock Lock Lock
DPS $ Lock Lock Lock Lock 1.50 1.18 1.29 Lock Lock Lock
     Growth % Lock Lock Lock Lock -43.8 -21.6 9.7 Lock Lock Lock
     Yield % Lock Lock Lock Lock 10.8 9.7 10.4 Lock Lock Lock
     Payout Ratio % Lock Lock Lock Lock 75 75 70 Lock Lock Lock
BPS $ Lock Lock Lock Lock 5.64 5.85 6.36 Lock Lock Lock
BPS (Tangible) $ Lock Lock Lock Lock 5.55 5.75 6.23 Lock Lock Lock
     Growth % Lock Lock Lock Lock -3.6 3.6 8.3 Lock Lock Lock
Shares Outstanding
Diluted m Lock Lock Lock Lock 3,083 3,082 3,081 Lock Lock Lock
Basic m Lock Lock Lock Lock 3,077 3,076 3,076 Lock Lock Lock

Financial Records

Historical data

Forecast data

USD 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Income Statement
Sales $m Lock Lock Lock Lock 17,390 16,871 18,220 Lock Lock Lock
     Growth % Lock Lock Lock Lock -22.0 -3.0 8.0 Lock Lock Lock
Selling & General Expenses $m Lock Lock Lock Lock 558 841 911 Lock Lock Lock
Gross Income $m Lock Lock Lock Lock 9,660 8,848 9,405 Lock Lock Lock
     Growth % Lock Lock Lock Lock -37.3 -8.4 6.3 Lock Lock Lock
     Margin % Lock Lock Lock Lock 55.5 52.4 51.6 Lock Lock Lock
Cost of Goods Sold to Sales % Lock Lock Lock Lock 44 48 48 Lock Lock Lock
EBITDA $m Lock Lock Lock Lock 10,630 9,751 10,638 Lock Lock Lock
     Growth % Lock Lock Lock Lock -35.6 -8.3 9.1 Lock Lock Lock
     Margin % Lock Lock Lock Lock 61.1 57.8 58.4 Lock Lock Lock
Depreciation & Amortisation $m Lock Lock Lock Lock 1,528 1,744 2,144 Lock Lock Lock
EBIT $m Lock Lock Lock Lock 9,102 8,007 8,494 Lock Lock Lock
     Growth % Lock Lock Lock Lock -39.9 -12.0 6.1 Lock Lock Lock
     Margin % Lock Lock Lock Lock 52.3 47.5 46.6 Lock Lock Lock
Pretax Income $m Lock Lock Lock Lock 8,840 6,894 8,321 Lock Lock Lock
Income Taxes $m Lock Lock Lock Lock 2,649 2,090 2,636 Lock Lock Lock
Net Income $m Lock Lock Lock Lock 6,197 4,798 5,683 Lock Lock Lock
     Growth % Lock Lock Lock Lock -39.8 -22.6 18.4 Lock Lock Lock
     Margin % Lock Lock Lock Lock 35.6 28.4 31.2 Lock Lock Lock
Cash Flow Statement
Net Operating Cash Flow $m Lock Lock Lock Lock 6,618 7,402 7,881 Lock Lock Lock
Capital Expenditures $m Lock Lock Lock Lock 2,803 2,901 2,834 Lock Lock Lock
Net Investing Cash Flow $m Lock Lock Lock Lock -3,070 -3,115 -2,811 Lock Lock Lock
Net Financing Cash Flow $m Lock Lock Lock Lock -5,071 -4,971 -4,427 Lock Lock Lock
Free Cash Flow $m Lock Lock Lock Lock 3,815 4,501 5,047 Lock Lock Lock
     Growth % Lock Lock Lock Lock -58.1 18.0 12.1 Lock Lock Lock
     Margin % Lock Lock Lock Lock 0.2 0.3 0.3 Lock Lock Lock
Franking Balance $m Lock Lock Lock Lock 5,346 1,975 6,634 Lock Lock Lock
Balance Sheet
Cash & Short-Term Investments $m Lock Lock Lock Lock 5,224 4,287 4,903 Lock Lock Lock
Total Assets $m Lock Lock Lock Lock 29,096 29,008 30,892 Lock Lock Lock
Long Term Debt $m Lock Lock Lock Lock 5,930 5,156 5,208 Lock Lock Lock
Net Debt $m Lock Lock Lock Lock 879 1,034 497 Lock Lock Lock
Total Liabilities $m Lock Lock Lock Lock 11,751 11,010 11,361 Lock Lock Lock
Equity $m Lock Lock Lock Lock 18,283 18,178 19,184 Lock Lock Lock
Invested Capital Lock Lock Lock Lock 23,267 23,145 24,760 Lock Lock Lock
     Growth % Lock Lock Lock Lock 6.7 -0.5 7.0 Lock Lock Lock
Return Ratios
Return on Assets % Lock Lock Lock Lock 21.3 16.5 18.4 Lock Lock Lock
Return on Equity % Lock Lock Lock Lock 33.9 26.4 29.6 Lock Lock Lock
Return on Total Capital % Lock Lock Lock Lock 39.6 34.4 35.8 Lock Lock Lock
Return on Invested Capital % Lock Lock Lock Lock 27.2 20.8 24.1 Lock Lock Lock
Cash Flow Return on Invested Capital % Lock Lock Lock Lock 29.0 32.1 33.5 Lock Lock Lock

Ratios Records

Historical data

Forecast data

USD 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Leverage
Interest Cover X Lock Lock Lock Lock 61.1 35.5 27.6 Lock Lock Lock
Debt to EBITDA X Lock Lock Lock Lock 0.1 0.1 0.0 Lock Lock Lock
Net Debt to Equity % Lock Lock Lock Lock 4.8 5.7 2.6 Lock Lock Lock
Liquidity
Current Ratio X Lock Lock Lock Lock 2.9 2.5 2.7 Lock Lock Lock
Quick Ratio X Lock Lock Lock Lock 2.4 2.0 2.1 Lock Lock Lock
Cash & ST Inv/Current Assets % Lock Lock Lock Lock 75.7 70.5 68.4 Lock Lock Lock
CFO/Current Liabilities % Lock Lock Lock Lock 273.8 300.0 293.4 Lock Lock Lock
Balance Sheet Efficiency
Receivables Turnover X Lock Lock Lock Lock 29.4 34.3 31.6 Lock Lock Lock
Inventory Turnover X Lock Lock Lock Lock 6.7 7.1 6.6 Lock Lock Lock
Working Capital Turnover X Lock Lock Lock Lock 3.7 4.6 4.1 Lock Lock Lock
Payables Turnover X Lock Lock Lock Lock 5.8 5.9 5.6 Lock Lock Lock
Asset Turnover X Lock Lock Lock Lock 0.6 0.6 0.6 Lock Lock Lock
Du Pont
Asset Turnover X Lock Lock Lock Lock 0.6 0.6 0.6 Lock Lock Lock
x Pretax Margin % Lock Lock Lock Lock 50.8 40.9 45.7 Lock Lock Lock
= Pretax Return on Assets % Lock Lock Lock Lock 30.4 23.8 26.9 Lock Lock Lock
x Tax Rate Complement (1-Tax Rate) % Lock Lock Lock Lock 30.0 30.3 31.7 Lock Lock Lock
Return on Assets % Lock Lock Lock Lock 21.3 16.5 18.4 Lock Lock Lock
x Equity Multiplier (Assets/Equity) % Lock Lock Lock Lock 1.6 1.6 1.6 Lock Lock Lock
Return on Equity % Lock Lock Lock Lock 33.9 26.4 29.6 Lock Lock Lock
x Earnings Retention (1-Payout) % Lock Lock Lock Lock 25.5 24.5 30.1 Lock Lock Lock
= Reinvestment Rate (%) % Lock Lock Lock Lock 8.6 6.5 8.9 Lock Lock Lock
Operating Cycle
Days of Inventory on Hand Days Lock Lock Lock Lock 54.6 51.5 55.3 Lock Lock Lock
+ Days of Sales Outstanding Days Lock Lock Lock Lock 12.4 10.6 11.6 Lock Lock Lock
Operating Cycle Days Lock Lock Lock Lock 67.0 62.1 66.8 Lock Lock Lock
- Days of Payables Outstanding Days Lock Lock Lock Lock 46.9 43.0 39.7 Lock Lock Lock
Net Operating Cycle Days Lock Lock Lock Lock 20.2 19.0 27.1 Lock Lock Lock

Dividends

Key Stats

Ex Dividend Date (est.)

26-Feb-25

DIV Yield

10.4%

Franking Level

N/A

DPSg

9.70%

Quality Yield

Lock

Falling Divs over next 2

Lock

Expected Dividend Cashflow

Dividend Clarity,
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Strategy

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Values and Recommendations

Key Stats

Consensus Score

Lock

Recommendation

Lock

EPS 1 month Change

Lock

Quality Yield

Lock

Falling Divs over next 2

Lock

Halo Consensus Score

Lock Chart

PEG Ratio

Lock Chart

Consensus EPS Revisions

Lock Chart

Short selling

Key Stats

Percent of Issue

1.33%

Value ($M)

798

Prior Change

N/A

7 Day Change

N/A

1 Month Change

N/A

3 Month Change

0.40%

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FMG Shortsell

Frequently Asked Questions

The current share price of Fortescue Ltd (FMG:ASX) is AU$18.65.
The 52-week high share price for Fortescue Ltd (FMG:ASX) is AU$28.54.
The 52-week low share price for Fortescue Ltd (FMG:ASX)? is AU$15.88.
The current TTM dividend payout for Fortescue Ltd (FMG:ASX) is 10.40.
The last dividend payment of Fortescue Ltd (FMG:ASX) is AU$0.89.
Fortescue Ltd (FMG:ASX) has a franking level of 0.0%.
Fortescue Ltd (FMG:ASX) is classified in the Mining.
The current P/E ratio for Fortescue Ltd (FMG:ASX) is 6.50.
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HALO Technologies Pty Ltd ABN 54 623 830 866 is a Corporate Authorised Representative No 1261916 of Macrovue Pty Ltd ABN 98 600 022 679 AFSL 484264. Macrovue Pty Ltd is a wholly owned subsidiary of HALO Technologies Pty Ltd.