Fortescue Metals Group Share Price and Company Fundamentals
Last traded: Yesterday at 6:10 AM
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 owns and operates the Chichester Hub that includes the Cloudbreak and Christmas Creek mines located in the Chichester ranges; and the Solomon Hub comprising the Firetail, Kings Valley, and Queens Valley mines located in the Hamersley ranges of Pilbara, Western Australia. It also develops and produces the Eliwana mine situated in the Pilbara region of Western Australia. In addition, the company holds a portfolio of properties situated in Argentina, Peru, Chile, and Brazil, as well as Portugal and Kazakhstan. Further, it 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.
Key Metrics
PE ratio
8.88
PB ratio
2.64
Dividend yield
5.62%
Beta
0.88
Market cap
-
Enterprise value
-
Company profile
| Industry / Sector | Other Industrial Metals & Mining / Basic Materials |
|---|---|
| Full time employees | 13690 |
| Website | https://www.fortescue.com |
| Mailing address | 87 Adelaide Terrace Level 2 East Perth WA 6004 Australia |
| Phone / Fax | 61 8 6218 8888 / 61 8 6218 8880 |
Dividends
More: Fortescue Metals Group Dividend history, yield and payout ratio
Dividend yield
5.62%
Dividend amount
$1.39
Payout ratio
61.60%
5Y Avg. yield
10.03%
Fortescue Metals Group paid $1.39 dividend and the ex-dividend date was 28 Feb 2024.The dividend payout ratio is 61.60%. The dividend payout ratio is defined as the amout of dividend paid divided by the earnings of the company.FMG dividend payout ratio is less than 70. This is ideal as it gives company room to grow the dividends and also the excess earnings can be invested in company for growth.
FMG's forward dividend amount is $2.16 and the forward dividend yield is 8.44%. A forward dividend yield is the percentage of a company's current stock price that it expects to pay out as dividends over a certain time period, generally 12 months. Forward dividend yields are generally used in circumstances where the yield is predictable based on past instances. If not, trailing yields, which indicate the same value over the previous 12 months, are used.
Company Executives
As of Apr 2024, following are the company executives and directors listed on Fortescue Metals Group.
| Name | Title | Age | Total Pay |
|---|---|---|---|
| Dr. John Andrew Henry Forrest A.O., AICD, BA, FAusIMM | Founder & Executive Chairman of the Board | 61 | |
| Mr. Dino Otranto | Chief Executive Officer | 1.34M | |
| Ms. Elizabeth Anne Gaines CA | Global Ambassador & Executive Director | 60 | 5.14M |
| Dr. Richard Mark Hutchinson B.Com. | Chief Executive Officer of Fortescue Energy | 57 | 3.33M |
| Ms. Apple Paget | Acting Chief Financial Officer | ||
| Mr. Andrew Driscoll | General Manager of Investor Relations | ||
| Mr. Philip James McKeiver | Chief General Counsel & Company Secretary | ||
| Ms. Shelley Maree Robertson BSc(Eng), GradDip(IT), MBA, MEngSc | Chief Corporate Officer | ||
| Mr. Eamon Harmon | General Manager of Exploration | 147.14k | |
| Rael McNally | Managing Director of Fortescue Capital |
Profitability and management effectiveness
Profit margin
31.09%
Operating margin
52.58%
Return on assets
20.71%
Return on equity
31.55%
Profitability ratios are a class of financial metrics that are used to assess a business's ability to generate earnings relative to its revenue, operating costs, balance sheet assets, and shareholders' equity over time, using data from a specific point in time.
The return on equity signifies how well the management is running the company in terms of capital management. The ideal return on equity is greater than 10%. The return on equity is calculated as net income divided by total share holders equity.
Valuation and Trading Info
The market capitalization of Fortescue Metals Group is and its enterprise value is .
The FMG's stocks Beta value is 0.88 making it 12% less volatile compared to ASX market index. Technology stocks and small caps tend to have higher betas than the market benchmark. This indicates that adding the stock to a portfolio will increase the portfolio’s risk, but also increase its expected return. On the other hand utility stocks often have low betas because they tend to move more slowly than market averages.
Companies similar to Fortescue Metals Group (FMG)
- Adbri (ABC)
- Boral (BLD)
- Alumina (AWC)
- Bluescope Steel (BSL)
- Brickworks (BKW)
- Amcor Plc (AMC)
- Bhp Group (BHP)
- Gold Road Resources (GOR)
- Evolution Mining (EVN)
- Iluka Resources (ILU)
- CSR (CSR)
- IGO (IGO)
- Fletcher Building (FBU)
- James Hardie Industries Plc (JHX)
- Lynas Rare Earths (LYC)
- Nufarm (NUF)
- Mineral Resources (MIN)
- Incitec Pivot (IPL)
- Newcrest Mining (NCM)
- Northern Star Resources (NST)
- Rio Tinto (RIO)
- Orica (ORI)
- Sims (SGM)
- Perenti Global (PRN)
- Oz Minerals (OZL)
- Sandfire Resources (SFR)
- South32 (S32)
- Orora (ORA)
- Resolute Mining (RSG)
- Pilbara Minerals (PLS)
- Regis Resources (RRL)
- St Barbara (SBM)
- Silver Lake Resources (SLR)
- Western Areas (WSA)
Fortescue Metals Group (ASX:FMG) Frequently Asked Questions
1. What is Fortescue Metals Group's Stock Symbol?
Fortescue Metals Group trades on ASX under the ticker symbol "FMG".
2. What is Fortescue Metals Group's stock price today?
One share of FMG stock can currently be purchased for approximately $25.59.
3. How can I contact Fortescue Metals Group?
Fortescue Metals Group's mailing address is 87 Adelaide Terrace Level 2 East Perth WA 6004 Australia. The company can be reached via phone at 61 8 6218 8888.
4. What is Fortescue Metals Group's official website?
The official website of Fortescue Metals Group is https://www.fortescue.com.