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Fortescue Metals Group Ltd (FMG) is a leading other industrial metals & mining business based in Australia. It opened the day at AUDA$19.14 after a previous close of AUDA$19. During the day the price has varied from a low of AUDA$19.12 to a high of AUDA$19.27. The latest price was AUDA$19.255 (25 minute delay). Fortescue Metals Group is listed on the Australian Securities Exchange (ASX) and employs 11,910 staff. All prices are listed in Australian Dollars.
Since the stock market crash in March caused by coronavirus, Fortescue Metals Group's stock price has had significant positive movement.
Its last market close was A$19.62, which is 42.92% up on its pre-crash value of A$11.2 and 139.27% up on the lowest point reached during the March crash when the stocks fell as low as A$8.2.
If you had bought A$1,000 worth of Fortescue Metals Group stocks at the start of February 2020, those stocks would have been worth A$868.19 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth A$1,783.65.
| Open | A$19.14 |
|---|---|
| High | A$19.27 |
| Low | A$19.12 |
| Close | A$19.26 |
| Previous close | A$19.00 |
| Change | A$0.26 |
| Change % | 1.3421% |
| Volume | 1,793,988 |
| 52-week range | A$13.62 - A$23.22 |
|---|---|
| 50-day moving average | A$21.03 |
| 200-day moving average | A$19.95 |
| Wall St. target price | A$17.89 |
| PE ratio | 6.97 |
| Dividend yield | A$1.311 (9.53%) |
| Earnings per share (TTM) | A$2.83 |
Historical closes compared with the close of A$19.255 from 2023-05-26
| 1 week (2023-05-19) | -6.16% |
|---|---|
| 1 month (2023-04-27) | -7.69% |
| 3 months (2023-02-27) | -7.47% |
| 6 months (2022-11-25) | 1.66% |
| 1 year (2022-05-27) | -1.71% |
|---|---|
| 2 years (2021-05-27) | -13.54% |
| 3 years (2020-05-27) | 47.21% |
| 5 years (2018-05-25) | 324.12% |
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.
| Revenue TTM | A$17.1 billion |
|---|---|
| Operating margin TTM | 49.64% |
| Gross profit TTM | A$9.7 billion |
| Return on assets TTM | 19.96% |
| Return on equity TTM | 35.18% |
| Profit margin | 33.85% |
| Book value | A$5.57 |
| Market capitalisation | A$60.4 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.
Dividend payout ratio: 1.69% of net profits
Recently Fortescue Metals Group has paid out, on average, around 1.69% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 9.53% 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 9.53% return on their shares, in the form of dividend payments. In Fortescue Metals Group's case, that would currently equate to about A$1.311 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 26 February 2023 (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 before the split, the next day you'd have owned 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 A$13.6233 up to A$23.22. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Fortescue Metals Group's is 0.9172. This would suggest that Fortescue Metals Group's shares are less volatile than average (for this exchange).
Fortescue Metals Group Limited engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. It also explores for copper and gold deposits. 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 is also developing the Eliwana mine situated in the Pilbara region of Western Australia. In addition, the company holds a portfolio of properties situated in Ecuador, Argentina, Colombia, Peru, Chile, and Brazil, as well as Portugal and Kazakhstan. Further, it provides port towage services. Fortescue Metals Group Limited was incorporated in 1983 and is headquartered in East Perth, Australia.
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