ASX Share rice
Mon 17 May 2021 - 11:05:am (Sydney)

FMG Share Price

FORTESCUE METALS GROUP LTDFMGMaterials

FMG Company Information

Name:

Fortescue Metals Group Limited

Sector:

Basic Materials

Industry:

Other Industrial Metals & Mining

GIC Industry:

Metals & Mining

GIC Sub Industry:

Steel

Address:

87 Adelaide Terrace East Perth WA Australia 6004

Phone:

61 8 6218 8888

Full Time Employees:

9210

CEO, MD & Exec. Director:

Ms. Elizabeth Anne Gaines

Chief Financial Officer:

Mr. Ian Wells

Deputy Chief Exec. Officer:

Ms. Julie Shuttleworth

Founder & Chairman:

Dr. John Andrew Henry Forrest A.O., AO, BA, FAusIMM, AICD

Gen. Mang. of Investor Relations:

Mr. Andrew Driscoll

Director Corp. Devel.-Legal & Strategy:

Mr. Peter Ernest Huston L.L.B., L.L.M., B. Juris, LLB (Hons), B.Com., LLM

Director of Sales & Marketing:

Mr. Danny Goeman

Director of Fortescue People:

Ms. Linda O'Farrell

Gen. Mang. of Exploration:

Mr. Eamon Harmon

Director of Sustainability & Corp. Affairs and Company Sec.:

Ms. Alison Terry

Company Overview:

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 and Kings 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 and Argentina. Further, it provides port towage services. Fortescue Metals Group Limited was founded in 2003 and is headquartered in East Perth, Australia.

FMG Share Price Information

Shares Issued:

3.08B

Market Capitalisation:

$70.42B

Dividend per Share:

$1.815

Ex Dividend Date:

2021-03-01

Dividend Yield:

7.94%

Revenue (TTM):

$15.67B

Revenue Per Share (TTM):

$5.09

Earnings per Share:

$2.668

Profit Margin:

0.4063

Operating Margin (TTM):

$0.60

Return On Assets (TTM):

$0.26

Return On Equity (TTM):

$0.46

Quarterly Revenue Growth (YOY):

0.439

Gross Profit(TTM):

$7.08B

Diluted Earnings Per Share (TTM):

$2.668

QuarterlyEarnings Growth(YOY):

0.666

FMG CashFlow Statement

CashFlow Date:

2020-06-30

Investments:

$-9,000,000

Change To Liabilities:

$-459,000,000

Total Cashflow From Investing Activities:

$-1,968,000,000

Net Borrowings:

$720M

Net Income:

$4.74B

Total Cash From Operating Activities:

$6.42B

Depreciation:

$1.40B

Other Cashflow From Investing Activities:

$-21,000,000

Dividends Paid:

$-1,925,000,000

Change To Inventory:

$-56,000,000

Change To Account Receivables:

$380M

Sale Purchase Of Stock:

$-44,000,000

Capital Expenditures:

$1.95B

FMG Income Statement

Income Date:

2020-06-30

Income Before Tax:

$6.69B

Net Income:

$4.74B

Gross Profit:

$7.08B

Operating Income:

$6.90B

Other Operating Expenses:

$224M

Interest Expense:

$-22,000,000

Income Tax Expense:

$1.96B

Total Revenue:

$12.82B

Cost Of Revenue:

$5.74B

FMG Balance Sheet

Balance Sheet Date:

2020-06-30

Intangible Assets:

$7M

Total Liabilities:

$10.17B

Total Stockholder Equity:

$13.23B

Other Current Liabilities:

$2.07B

Total Assets:

$23.40B

Common Stock:

$1.20B

Other Current Assets:

$71M

Retained Earnings:

$12B

Other Liabilities:

$2.43B

Other Assets:

$21M

Cash:

$7.07B

Total Current Liabilities:

$2.80B

Property - Plant & Equipment:

$17.07B

Net Tangible Assets:

$13.22B

Total Current Assets:

$6.30B

Long-Term Debt:

$4.19B

Net Receivables:

$543M

Short-Term Investments:

$24.92B

Inventory:

$828M

Accounts Payable:

$281M

Non Currrent Assets (Other):

$27.68M

Short-Term Investments:

$24.92

Non Current Liabilities Total:

$10.72B

FMG Share Price History

FMG News

02 May, 2021
Fortescue Metals Group (ASX:FMG) has had a great run on the share market with its stock up by a significant 12% over...
29 Apr, 2021
(Bloomberg) -- China’s steel futures hit fresh records as the government added to a sweep of measures aimed at reining in output and emissions in the world’s top producer. Iron ore was steady.Steelmakers are coming under sharper scrutiny after President Xi Jinping’s government said it wanted output to fall from record levels of more than a billion tons. In the latest hawkish move, the country’s environment minister ordered inspections to root out mills with illegal discharges or fraudulent emissions data.The renewed government attention saw futures for two key steel products -- rebar and hot-rolled coil -- close at record highs in Shanghai. Prices have soared with iron ore this year as a wave of demand in China and globally leaves mills struggling to match orders.“Steel mills are enjoying record profitability combined with some constraints on supply,” Elizabeth Gaines, chief executive officer of the world’s No.4 iron ore supplier Fortescue Metals Group Ltd., said in a phone interview. Demand for iron ore used to make steel is “very strong”, she said.Authorities in China had already ordered nationwide inspections of the steel industry to make sure that capacity cuts ordered over the past five years have been enforced. The government has also pushed a raft of output curbs in top hub Tangshan that has at least tempered the supply outlook. China churns out more than half the world’s steel.Read also: China Wants More Steel at Home as Industry Faces OverhaulRebar closed 1.8% higher to 5,452 yuan a ton on the Shanghai Futures Exchange, marking its best-ever close. Hot-rolled coil rose 1.7% to close at the highest level since trading began in 2014.Steel has become an early target in China’s push to lower emissions and reach net-zero carbon by 2060. The industry accounts for about 15% of the country’s greenhouse-gas emissions, making it one of the biggest industrial culprits in adding to China’s carbon footprint.Ins And OutsThe gains suggest investors are shrugging off a separate move announced Wednesday to ease the way to lower production. The government will make exporting steel more expensive by removing tax rebates on tens of millions of tons from May 1. It’s also easing input costs by cutting import tariffs on steelmaking materials like semi-finished products or scrap.The new settings “will likely weigh on China’s iron ore demand as economic incentives to use more imported scrap steel have increased, while the economic incentives to export some steel products have decreased,” Commonwealth Bank of Australia analyst Vivek Dhar wrote in a note.The tax tweaks at least threaten to alter steel trade-flows in the midst of a global boom. The volume of steel enjoying the soon-to-be canceled rebates was more than 44 million tons in 2019, according to researcher Kallanish Commodities. That’s more than two thirds of total steel exports.More CostsBaoshan Iron & Steel Co., the listed unit of world’s top mill China Baowu Group, is facing higher environment-related costs, it said in a statement on Wechat on Tuesday. Those costs may rise to about 200 yuan per ton of steel output, from around 140 yuan, amid the nation’s green push.Iron ore, which traded near record levels earlier this week amid a frenzy of demand and weak-than-expected supply, was steady at $187.75 a ton in Singapore.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
23 Apr, 2021
Cleveland-Cliffs (CLF) reports profits in Q1 and raises its full-year EBITDA guidance.
While Celanese (CE) faced disruptions from the winter storm Uri, it benefited from continued improvement in demand in Q1.
22 Apr, 2021
Freeport's (FCX) Q1 earnings gain from higher realized prices and lower costs.
Valmont's (VMI) Q1 earnings gain from higher volumes in the Utility Support Structures segment resulting from increasing demand for renewable energy generation and higher sales in the Irrigation unit.
Nucor (NUE) witnessed record profitability in Q1 on higher sales prices, but its earnings and sales lagged estimates.
Dow (DOW) saw higher demand in Q1 in packaging, construction, mobility, electronics and consumer durables end-markets on continued economic recovery.
20 Apr, 2021
Vale's (VALE) first-quarter 2021 iron ore production increases 14% year over year as it continues its operational stabilization and resumption plan. Yet, the figure misses estimates.
Steel Dynamics' (STLD) results benefit from near-record steel shipments and higher steel prices in the first quarter.
19 Apr, 2021
B2Gold (BTG) projects 2021 total gold production to lie between 970,000 ounces and 1,030,000 ounces on solid performance across its operating mines.
15 Apr, 2021
Olin's (OLN) redemption of senior notes is expected to lower its annual interest expenses by roughly $19 million.
14 Apr, 2021
Royal Gold (RGLD) sells 52,500 gold equivalent ounces during third-quarter fiscal 2021.
B2Gold's (BTG) solar battery hybrid system will save 13.1 million liters heavy fuel oil annually, while cutting on CO2 emissions at the Fekola mine.
Kirkland Lake Gold's (KL) Q1 production in Detour Lake witnesses strong year-over-year increase in production and record level of Q1 processing.
13 Apr, 2021
ScottsMiracle-Gro (SMG) now expects company-wide sales growth of 8-12% for fiscal 2021, up from the previous guidance of 1-6%.
Wheaton (WPM) is likely to benefit from acquisitions, mine-expansion moves by operators, focus on acquisitions and upbeat production estimate for the current year.
09 Apr, 2021
PPG Industries (PPG) expands capabilities and reduces time-consuming effort for users by adding SEM products to its AdjustRite System.
08 Apr, 2021
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...
01 Apr, 2021
PPG Industries' (PPG) topcoat benefits the appliers as it is easy to mix and apply as well as provides an unlimited recoat window.

FMG Dividend Payments

EX-Date Dividend Amount
2011-03-08$0.0300
2011-09-05$0.0400
2012-03-07$0.0400
2012-08-31$0.0400
2013-09-02$0.1000
2014-02-27$0.1000
2014-09-01$0.1000
2015-03-02$0.0300
2015-09-03$0.0200
2016-03-02$0.0300
2016-09-02$0.1200
2017-03-02$0.2000
2017-09-01$0.2500
2018-03-01$0.1100
2018-08-31$0.1200
2019-02-28$0.1100
2019-05-22$0.6000
2019-09-02$0.2400
2020-03-02$0.7600
2020-08-31$1.0000
2021-03-01$1.4700

FMG Dividends (last 11 Years)