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Fortescue Ltd

Basic Materials AU FMG

17.85AUD
-0.72(3.88%)

Last update at 2024-12-19T05:11:00Z

Day Range

17.6318.25
LowHigh

52 Week Range

15.8827.33
LowHigh

Fundamentals

  • Previous Close 18.57
  • Market Cap54959.44M
  • Volume9296687
  • P/E Ratio6.18
  • Dividend Yield10.61%
  • EBITDA10512.00M
  • Revenue TTM18220.00M
  • Revenue Per Share TTM5.92
  • Gross Profit TTM 9054.00M
  • Diluted EPS TTM2.89

Analyst Recommendations

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Type yearly yearly yearly yearly yearly
Date 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Income before tax 6886.00M 8846.00M 14722.00M 6690.00M 4569.00M
Minority interest 2.00M - 8.00M 13.00M 13.00M
Net income 4798.00M 6197.00M 10295.00M 4735.00M 3187.00M
Selling general administrative 288.00M 204.00M 155.00M 114.00M 95.00M
Selling and marketing expenses - - - - -
Gross profit 10671.00M 11137.00M 16783.00M 8418.00M 6032.00M
Reconciled depreciation 1744.00M 1528.00M 1366.00M 2039.92M 1705.40M
Ebit 7970.00M 8870.00M 14819.00M 6753.00M 4630.00M
Ebitda 9714.00M 10398.00M 16185.00M 8153.00M 5826.00M
Depreciation and amortization 1744.00M 1528.00M 1366.00M 1400.00M 1196.00M
Non operating income net other - - - - -
Operating income 12024.71M 13184.79M 20121.36M 9931.45M 4630.00M
Other operating expenses 14872.87M 12178.15M 9915.32M 8633.14M 5253.00M
Interest expense 47.00M 24.00M 97.00M 63.00M 61.00M
Tax provision 2090.00M 2649.00M 4427.00M 1955.00M 1382.00M
Interest income 87.00M 14.00M 16.00M 159.00M 192.00M
Net interest income -126.00000M -160.00000M -224.00000M -91.79659M -49.90731M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 2090.00M 2649.00M 4427.00M 1955.00M 1382.00M
Total revenue 16780.00M 17312.00M 22231.00M 12777.00M 9963.00M
Total operating expenses 2755.00M 2113.00M 1689.00M 1577.00M 1322.00M
Cost of revenue 6109.00M 6175.00M 5448.00M 4359.00M 3931.00M
Total other income expense net -904.00000M -18.00000M -148.00000M 71.00M -61.00000M
Discontinued operations - - - - -
Net income from continuing ops 4796.00M 6197.00M 10295.00M 6899.32M 4544.42M
Net income applicable to common shares 4798.00M 6197.00M 10295.00M 4735.00M 3187.00M
Preferred stock and other adjustments - - - - -
Breakdown 2024-06-30 2023-06-30 2022-06-30 2021-06-30 2020-06-30
Type yearly yearly yearly yearly yearly
Date 2024-06-30 2023-06-30 2022-06-30 2021-06-30 2020-06-30
Total assets 30060.00M 28218.00M 28375.00M 28383.00M 23398.00M
Intangible assets 193.00M 104.00M 58.00M 10.00M 7.00M
Earning assets - - - - -
Other current assets 81.00M 89.00M 123.00M 104.00M 71.00M
Total liab 10529.00M 10220.00M 11030.00M 10648.00M 10154.00M
Total stockholder equity 19552.00M 17989.00M 17337.00M 17727.00M 13231.00M
Deferred long term liab - - - - -
Other current liab 1388.00M 1247.00M 2158.12M 3830.10M 251.00M
Common stock 1077.00M 1044.00M 1053.00M 1105.00M 1167.00M
Capital stock 1077.00M 1044.00M 1053.00M 1105.00M 1167.00M
Retained earnings 18300.00M 16775.00M 16175.00M 16576.00M 12002.00M
Other liab - 2597.00M 2683.00M 2683.00M 2432.00M
Good will 195.00M 195.00M 199.00M 199.00M -
Other assets - 507.00M 499.00M 27.00M 21.00M
Cash 4903.00M 4287.00M 5224.00M 6930.00M 4855.00M
Cash and equivalents - - - - -
Total current liabilities 2686.00M 2467.00M 2417.00M 3880.00M 2795.00M
Current deferred revenue 65.00M 71.00M -866.11600M -1125.09920M 2077.00M
Net debt 497.00M 1034.00M 879.00M -2678.00000M 258.00M
Short term debt 192.00M 165.00M 173.00M 167.00M 186.00M
Short long term debt 60.00M 59.00M 66.00M 38.00M 59.74M
Short long term debt total 5400.00M 5321.00M 6103.00M 4252.00M 5113.00M
Other stockholder equity - 170.00M -47.79720M -58.67840M 62.00M
Property plant equipment - 20974.00M 20650.00M 19387.00M 17073.00M
Total current assets 7165.00M 6085.00M 6899.00M 8959.00M 6297.00M
Long term investments 364.00M 337.00M 70.00M - -
Net tangible assets - 17690.00M 17080.00M 17717.00M 13224.00M
Short term investments - 168.97M 31.39M 1465.00M 1781.00M
Net receivables 654.00M 520.00M 468.00M 713.00M 543.00M
Long term debt 4525.00M 4528.00M 5282.00M 3404.00M 4193.00M
Inventory 1527.00M 1189.00M 1084.00M 1212.00M 828.00M
Accounts payable 1041.00M 984.00M 952.00M 1008.00M 281.00M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 175.00M 170.00M 109.00M 46.00M 62.00M
Additional paid in capital - - - - -
Common stock total equity - - - - 1700.42M
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - -90.00000M -28.00000M
Accumulated amortization - - - - -
Non currrent assets other 443.00M 507.00M 475.00M 27.00M 21.00M
Deferred long term asset charges - - - - -
Non current assets total 22895.00M 22133.00M 21476.00M 19424.00M 17101.00M
Capital lease obligations 815.00M 734.00M 755.00M 810.00M 1280.78M
Long term debt total - 5156.00M 5930.00M 4085.00M 4927.00M
Breakdown 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Type yearly yearly yearly yearly yearly
Date 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Investments -3115.00000M -61.00000M -1.00000M -9.00000M 57.00M
Change to liabilities -270.00000M -336.00000M 895.00M -459.00000M 81.00M
Total cashflows from investing activities -3115.00000M -3070.00000M -3627.00000M -1968.00000M -983.00000M
Net borrowings -898.00000M 1766.00M -951.00000M 720.00M -29.00000M
Total cash from financing activities -5001.00000M -5099.00000M -6893.00000M -1281.00000M -2392.00000M
Change to operating activities 54.00M 45.00M 49.00M 30.00M 29.00M
Net income 7203.72M 8975.73M 13729.41M 6861.02M 3187.00M
Change in cash -937.00000M -1706.00000M 2075.00M 2981.00M 1011.00M
Begin period cash flow 5224.00M 6930.00M 4855.00M 1874.00M 863.00M
End period cash flow 4287.00M 5224.00M 6930.00M 4855.00M 1874.00M
Total cash from operating activities 11158.40M 9626.07M 16795.36M 9295.33M 4373.00M
Issuance of capital stock - - - - -
Depreciation 2618.44M 2213.16M 1821.70M 2028.60M 1196.00M
Other cashflows from investing activities -214.00000M -267.00000M -251.00000M -21.00000M 3.00M
Dividends paid -3922.00000M -6699.00000M -5684.00000M -1925.00000M 2220.00M
Change to inventory -141.13160M -477.97200M -512.10240M -81.14400M -276.00000M
Change to account receivables -90.08400M 401.21M -256.05120M 550.62M -802.00000M
Sale purchase of stock -151.00000M -138.00000M -121.00000M -44.00000M -129.00000M
Other cashflows from financing activities -138.00000M -134.00000M -210.00000M -113.00000M 42.00M
Change to netincome 1280.00M 341.00M 224.00M 74.00M 35.00M
Capital expenditures 2901.00M 2803.00M 3382.00M 1945.00M 1048.00M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital -231.21560M -76.76520M -768.15360M 469.48M 24.00M
Stock based compensation 222.21M 185.40M 125.36M 59.41M -
Other non cash items 1336.25M -1562.82360M 1244.25M 405.72M -4892.40425M
Free cash flow 8257.40M 6823.07M 13413.36M 7350.34M 3325.00M

Peer Comparison

Sector: Basic Materials Industry: Other Industrial Metals & Mining

Company Change (AUD) Price (AUD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
FMG
Fortescue Ltd		 -0.72 3.88% 17.85 6.18 10.88 3.02 1.86 2.04 3.51
BHP
BHP Group Limited		 -0.59 1.47% 39.68 17.27 11.51 3.78 3.16 2.61 6.17
RIO
Rio Tinto Ltd		 -1.09 0.92% 117.40 12.14 15.38 3.72 2.34 2.47 6.01
S32
South32 Ltd		 -0.02 0.59% 3.36 - 30.67 2.77 1.14 1.99 77.50
PLS
Pilbara Minerals Ltd		 -0.04 1.84% 2.13 29.50 227.27 5.67 2.11 3.21 8.93

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Profile

Fortescue Ltd engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. It explores for copper, gold, and lithium deposits; and rare earth elements. The company provides port towage services; owns and operates rail and port facilities; and focuses on producing green energy and green hydrogen, including derivatives comprising green ammonia. The company was formerly known as Fortescue Metals Group Limited and changed its name to Fortescue Ltd in November 2023. Fortescue Ltd was incorporated in 1983 and is headquartered in East Perth, Australia.

Fortescue Ltd

87 Adelaide Terrace, East Perth, WA, Australia, 6004

Key Executives

Name Title Year Born
Mr. Ian Wells Chief Financial Officer NA
Mr. Dino Otranto Chief Operating Officer of Iron Ore NA
Dr. John Andrew Henry Forrest A.O., AICD, AO, BA, FAusIMM Founder & Exec. Chairman 1962
Mr. Andrew Driscoll Gen. Mang. of Investor Relations NA
Ms. Linda O'Farrell Director of Fortescue People NA
Mr. Eamon Harmon Gen. Mang. of Exploration NA
Mr. Cameron Wilson GAICD, LLB Company Sec. 1967
Ms. Gemma Tually Joint Company Sec. & Group Mang. of Legal NA
Mr. Mark Thomas Group Mang. of Procurement and Information Services NA
Mr. Donald Bruce Hyma B.Sc., BSc, IED, M.Sc., MSc, P.Eng., PEng Director of Projects NA

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