Fortescue Metals Group is an other industrial metals & mining business based in Australia. Fortescue Metals Group shares (FMG) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian dollars. Fortescue Metals Group has a trailing 12-month revenue of around $18.5 billion. If you're looking to buy shares, check out the steps below.
To buy shares listed in Australia such as Fortescue Metals Group, you'll need to sign up to a broker with access to the ASX. Our table can help you compare share trading platforms and choose. Then follow these steps.
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| 52-week range | $17.2729 - $28.7747 |
|---|---|
| 50-day moving average | $26.1086 |
| 200-day moving average | $24.3556 |
| Target price | $21.8 |
| PE ratio | 8.5911 |
| Dividend yield | $1.391 (8.64%) |
| Earnings per share (TTM) | $2.91 |
The technical analysis gauge below displays real-time ratings for the timeframes you select. However, this is not a recommendation. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Historical closes compared with the last close of A$24.76
| 1 week (2024-04-17) | -0.96% |
|---|---|
| 1 month (2024-03-22) | 0.49% |
| 3 months (2024-01-24) | -12.79% |
| 6 months (2023-10-24) | 15.97% |
| 1 year (2023-04-24) | 19.27% |
|---|---|
| 2 years (2022-04-22) | 16.68% |
| 3 years (2021-04-23) | 14.31% |
| 5 years (2019-04-24) | 225.79% |
Valuing Fortescue Metals Group stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Fortescue Metals Group's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Fortescue Metals Group's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 9x. In other words, Fortescue Metals Group shares trade at around 9x recent earnings.
That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Fortescue Metals Group's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $11.2 billion (£5.9 billion).
The EBITDA is a measure of a Fortescue Metals Group's overall financial performance and is widely used to measure stock profitability.
| Revenue TTM | $18.5 billion |
|---|---|
| Operating margin TTM | 52.58% |
| Gross profit TTM | $9.1 billion |
| Return on assets TTM | 20.71% |
| Return on equity TTM | 31.55% |
| Profit margin | 31.09% |
| Book value | 6.298 |
| Market capitalisation | $77 billion |
TTM: trailing 12 months
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Fortescue Metals Group.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Total ESG risk: 27.89
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Fortescue Metals Group's overall score of 27.89 (as at 12/31/2018) is nothing to write home about – landing it in it in the 51st percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like Fortescue Metals Group is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Environmental score: 14.49/100
Fortescue Metals Group's environmental score of 14.49 puts it squarely in the 5th percentile of companies rated in the same sector. This could suggest that Fortescue Metals Group is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Social score: 7.58/100
Fortescue Metals Group's social score of 7.58 puts it squarely in the 5th percentile of companies rated in the same sector. This could suggest that Fortescue Metals Group is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Governance score: 10.82/100
Fortescue Metals Group's governance score puts it squarely in the 5th percentile of companies rated in the same sector. That could suggest that Fortescue Metals Group is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
Controversy score: 2/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. Fortescue Metals Group scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that Fortescue Metals Group has, for the most part, managed to keep its nose clean.
Fortescue Ltd was last rated for ESG on: 2019-01-01.
| Total ESG score | 27.89 |
|---|---|
| Total ESG percentile | 50.54 |
| Environmental score | 14.49 |
| Environmental score percentile | 5 |
| Social score | 7.58 |
| Social score percentile | 5 |
| Governance score | 10.82 |
| Governance score percentile | 5 |
| Level of controversy | 2 |
Dividend payout ratio: 2.08% of net profits
Recently Fortescue Metals Group has paid out, on average, around 2.08% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 8.64% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Fortescue Metals Group shareholders could enjoy a 8.64% return on their shares, in the form of dividend payments. In Fortescue Metals Group's case, that would currently equate to about A$1.391 per share.
While Fortescue Metals Group's payout ratio might seem low, this can signify that Fortescue Metals Group is investing more in its future growth.
The latest dividend was paid out to all shareholders who bought their shares by 27 February 2024 (the "ex-dividend date").
Fortescue Metals Group's shares were split on a 10:1 basis on 18 December 2007. So if you had owned 1 share the day before the split, the next day you would own 10 shares. This wouldn't directly have changed the overall worth of your Fortescue Metals Group shares – just the quantity. However, indirectly, the new 90% lower share price could have impacted the market appetite for Fortescue Metals Group shares which in turn could have impacted Fortescue Metals Group's share price.
Over the last 12 months, Fortescue Metals Group's shares have ranged in value from as little as $17.2729 up to $28.7747. A popular way to gauge a stock's volatility is its "beta".
Beta measures a share's volatility in relation to the market. The market (AU average) beta is 1, while Fortescue Metals Group's is 0.882. This would suggest that Fortescue Metals Group's shares are less volatile than average (for this exchange).
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.
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I wish to buy more Fortescue Metal shares. Can you help me?
Hi Prue, you’ll need to sign up to a trading platform with access to the Australian Securities Exchange (ASX) to buy FMG shares. The steps in the guide above should help.
Thanks,
I would like to buy more Fortescue Metal Shares
Hi Prue, if you click on any of the green ‘go to site’ buttons, you will be able to buy more shares.
I WOULD LIKE TO BUY FORTESCUE METAL SHARES FOR MY CHILDREN
Hi Prue,
Great to hear. Perhaps this guide will help: https://www.finder.com.au/buy-shares-children
Kylie