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Fortescue Metals Group Ltd
(Sydney:FMG)
Fortescue Metals Group Ltd (FMG) vs. iShares MSCI Australia ETF (EWA)
Fortescue Metals Group Ltd Business Overview & Revenue Model
Fortescue Metals Group Ltd Financial Statement Overview
| Breakdown | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 18.11B | 16.66B | 17.31B | 22.43B | 12.78B |
| Gross Profit | 11.53B | 8.74B | 9.74B | 15.51B | 8.42B |
| EBITDA | 10.52B | 8.68B | 10.40B | 16.18B | 8.15B |
| Net Income | 5.68B | 4.80B | 6.20B | 10.29B | 4.74B |
Balance Sheet | |||||
| Total Assets | 30.06B | 28.94B | 29.09B | 29.09B | 24.26B |
| Cash, Cash Equivalents and Short-Term Investments | 4.90B | 4.28B | 5.22B | 6.93B | 4.89B |
| Total Debt | 5.40B | 5.31B | 6.10B | 4.25B | 5.15B |
| Total Liabilities | 10.53B | 10.98B | 11.75B | 11.36B | 10.94B |
| Stockholders Equity | 19.55B | 17.95B | 17.33B | 17.73B | 13.32B |
Cash Flow | |||||
| Free Cash Flow | 5.08B | 4.44B | 3.62B | 9.17B | 4.59B |
| Operating Cash Flow | 7.92B | 7.31B | 6.27B | 12.58B | 6.60B |
| Investing Cash Flow | -2.81B | -3.08B | -2.91B | -3.69B | -2.03B |
| Financing Cash Flow | -4.46B | -4.91B | -4.81B | -6.80B | -1.29B |
Fortescue Metals Group Ltd Technical Analysis
Fortescue Metals Group Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $51.64B | 8.73 | 20.21% | 5.96% | -11.33% | -32.11% | |
70 Outperform | $2.09B | 9.25 | 10.39% | 1.64% | -9.35% | -32.77% | |
65 Neutral | $3.63B | 1,418.92 | -36.53% | 10.86% | -28.50% | -532.61% | |
62 Neutral | AU$5.34B | 50.78 | -33.95% | 4.54% | 2.22% | -411.10% | |
56 Neutral | AU$12.94B | 56.77 | -3.53% | 3.75% | -19.74% | ― | |
48 Neutral | $4.97B | 23.42 | -1.04% | ― | -65.07% | -102.37% | |
44 Neutral | AU$1.42B | -6.06 | -40.74% | 3.89% | -3.45% | -41.76% |
Fortescue Metals Group Ltd Corporate Events
Fortescue Metals Group Ltd announced the cessation of certain securities, specifically performance rights and SIP vested rights, due to unmet conditions and other reasons. This cessation reflects adjustments in the company’s capital management strategy, potentially impacting stakeholders and market perceptions of the company’s operational focus.
The most recent analyst rating on (AU:FMG) stock is a Hold with a A$17.45 price target. To see the full list of analyst forecasts on Fortescue Metals Group Ltd stock, see the AU:FMG Stock Forecast page.
Fortescue Metals Group Ltd has announced the issuance, conversion, or payment up of unquoted equity securities. This move indicates a strategic financial maneuver that could impact the company’s capital structure and potentially influence its market positioning. The announcement may have implications for stakeholders, reflecting Fortescue’s ongoing efforts to manage its equity and financial resources effectively.
The most recent analyst rating on (AU:FMG) stock is a Hold with a A$17.45 price target. To see the full list of analyst forecasts on Fortescue Metals Group Ltd stock, see the AU:FMG Stock Forecast page.
Fortescue Metals Group Ltd announced the issuance of unquoted equity securities as part of their employee incentive scheme. This move involves the allocation of performance rights and vested rights, which are not intended to be quoted on the ASX, reflecting the company’s strategy to incentivize and retain talent within its workforce.
The most recent analyst rating on (AU:FMG) stock is a Hold with a A$17.45 price target. To see the full list of analyst forecasts on Fortescue Metals Group Ltd stock, see the AU:FMG Stock Forecast page.
Fortescue Metals Group Ltd has announced the appointment of Yasmin Broughton as a director, effective from July 1, 2025. The notice indicates that Yasmin Broughton does not hold any relevant interests in securities, either as a registered holder or through contracts, at the time of her appointment. This appointment is part of the company’s compliance with ASX listing rules and the Corporations Act, ensuring transparency and adherence to governance standards.
The most recent analyst rating on (AU:FMG) stock is a Hold with a A$17.45 price target. To see the full list of analyst forecasts on Fortescue Metals Group Ltd stock, see the AU:FMG Stock Forecast page.
Fortescue Metals Group Ltd has announced the appointment of Ms. Yasmin Broughton as a Non-Executive Director, effective July 1, 2025. Ms. Broughton brings over 25 years of experience in the mining and energy sectors, with expertise in law, mergers and acquisitions, and corporate governance. Her appointment is expected to enhance Fortescue’s strategic direction towards decarbonization and growth in green technology, energy, and metals, aligning with the company’s mission to become a leader in these areas.
The most recent analyst rating on (AU:FMG) stock is a Hold with a A$17.45 price target. To see the full list of analyst forecasts on Fortescue Metals Group Ltd stock, see the AU:FMG Stock Forecast page.
Fortescue Metals Group Ltd has announced a strategic leadership restructuring to enhance its focus on global electrification, decarbonization, and green energy development. Dino Otranto will expand his role to oversee operations related to electrification and hydrogen product production, while Agustin Pichot will become the CEO of Growth and Energy, leading the company’s green energy projects. The announcement also includes the retirement of key executives, Mark Hutchinson and Shelley Robertson, highlighting a shift towards a greener and more innovative future for Fortescue.
The most recent analyst rating on (AU:FMG) stock is a Hold with a A$17.45 price target. To see the full list of analyst forecasts on Fortescue Metals Group Ltd stock, see the AU:FMG Stock Forecast page.
Fortescue Metals Group Ltd has announced an update on its Iron Bridge magnetite operation, highlighting a staged ramp-up in production. The company anticipates shipments of 10-12 million tonnes in FY26, with a target to reach an annualized production rate of 16-20 million tonnes in the second half of FY27. The nameplate capacity of 22 million tonnes per annum is expected to be achieved by FY28. The operation is on track to meet its FY25 market guidance for shipments and operating costs. Fortescue is focusing on optimizing its operations through innovative solutions and operational learnings, which have already led to improvements in ore processing and production rates. The Iron Bridge project is a joint venture between FMG Magnetite Pty Ltd and Formosa Steel IB Pty Ltd.
The most recent analyst rating on (AU:FMG) stock is a Hold with a A$17.45 price target. To see the full list of analyst forecasts on Fortescue Metals Group Ltd stock, see the AU:FMG Stock Forecast page.
Fortescue Metals Group Ltd has announced a late lodgement of an Appendix 3Y, which is a Change in Director’s Interest Notice for Lord Sebastian Coe. The delay was attributed to an administrative oversight, which the company considers an isolated incident. Fortescue assures stakeholders that it maintains robust corporate governance policies to ensure compliance with ASX Listing Rules.
Fortescue Metals Group Ltd reported record iron ore shipments for the nine months ending March 2025, with a total of 143.2 million tonnes shipped, despite challenges such as significant weather events. The company also completed the acquisition of Red Hawk Mining Limited, enhancing its future mine plans, and continued to advance its green energy projects, including the construction of a solar farm and the development of innovative technologies for the Formula E World Championship.