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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 | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 16.35B | 18.11B | 16.66B | 17.31B | 22.43B | 12.78B |
| Gross Profit | 7.17B | 11.53B | 8.74B | 9.74B | 15.51B | 8.42B |
| EBITDA | 8.22B | 10.52B | 8.68B | 10.40B | 16.18B | 8.15B |
| Net Income | 3.90B | 5.68B | 4.80B | 6.20B | 10.29B | 4.74B |
Balance Sheet | ||||||
| Total Assets | 29.22B | 30.06B | 28.94B | 29.09B | 29.09B | 24.26B |
| Cash, Cash Equivalents and Short-Term Investments | 3.41B | 4.90B | 4.28B | 5.22B | 6.93B | 4.89B |
| Total Debt | 5.44B | 5.40B | 5.31B | 6.10B | 4.25B | 5.15B |
| Total Liabilities | 10.03B | 10.53B | 10.98B | 11.75B | 11.36B | 10.94B |
| Stockholders Equity | 19.22B | 19.55B | 17.95B | 17.33B | 17.73B | 13.32B |
Cash Flow | ||||||
| Free Cash Flow | 3.33B | 5.08B | 4.44B | 3.62B | 9.17B | 4.59B |
| Operating Cash Flow | 6.18B | 7.92B | 7.31B | 6.27B | 12.58B | 6.60B |
| Investing Cash Flow | -3.06B | -2.81B | -3.08B | -2.91B | -3.69B | -2.03B |
| Financing Cash Flow | -4.40B | -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 |
|---|---|---|---|---|---|---|---|
76 Outperform | $45.79B | 7.92 | 20.21% | 6.57% | -11.33% | -32.11% | |
66 Neutral | AU$1.50B | 6.45 | 10.39% | 2.29% | -9.35% | -32.77% | |
64 Neutral | $2.98B | 1,418.92 | -36.53% | 13.20% | -28.50% | -532.61% | |
58 Neutral | £12.77B | 58.17 | -3.53% | 3.70% | -19.74% | ― | |
58 Neutral | $3.94B | 50.78 | -33.95% | 4.54% | 2.22% | -411.10% | |
46 Neutral | $4.01B | 23.42 | -1.04% | ― | -65.07% | -102.37% | |
44 Neutral | C$958.62M | -6.68 | -13.31% | 2.80% | 17.55% | -32.28% |
Fortescue Metals Group Ltd Corporate Events
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.
Fortescue Metals Group Ltd announced a late lodgement of an Appendix 3X for Mr. Noel Quinn, who was appointed as a Non-Executive Director on March 12, 2025. The delay was due to an administrative oversight, but the company assures that it was an isolated incident and that it has robust processes to meet its disclosure obligations under ASX Listing Rules.
Fortescue Metals Group Ltd announced the issuance, conversion, or payment up of unquoted equity securities, specifically unquoted options that have been exercised or other convertible securities that have been converted. This move is part of the company’s ongoing efforts to manage its equity structure and could impact its financial strategy and stakeholder interests.
Fortescue Metals Group Ltd announced the issuance of unquoted equity securities as part of an 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 ongoing efforts to incentivize and retain its workforce.
Fortescue Metals Group Ltd announced the cessation of certain securities, specifically 132,419 performance rights and 39,147 vested rights, due to unmet conditions as of March 31, 2025. This cessation reflects adjustments in the company’s capital management strategy, potentially impacting stakeholders by altering the distribution of securities and aligning with Fortescue’s operational and financial objectives.
Fortescue Metals Group Ltd has announced a change in the interests of its director, Mark Barnaba, with an increase in indirect holdings through a dividend reinvestment plan. This change reflects the company’s ongoing financial strategies and may have implications for stakeholders regarding the director’s confidence in the company’s future performance.
Fortescue Metals Group Ltd announced a change in the interest of its director, Dr. Larry Marshall, who acquired an additional 751 ordinary shares through the company’s Dividend Reinvestment Plan. This change increases Dr. Marshall’s total holdings to 16,738 shares. The acquisition reflects the director’s continued confidence in the company’s performance and strategic direction, potentially signaling positive sentiment to stakeholders and investors.