Equities
Basic MaterialsIndustrial Metals and Mining
  • Price (AUD)25.03
  • Today's Change-0.71 / -2.76%
  • Shares traded6.27m
  • 1 Year change+11.59%
  • Beta0.9084
Data delayed at least 20 minutes, as of Apr 16 2024 07:10 BST.
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About the company

Fortescue Ltd, formerly Fortescue Metals Group Ltd, is an Australia-based integrated green technology, energy, and metals company. The Company operates through two segments: Metals, and Energy. The Metals segment is engaged in the exploration, development, production, processing, sale and transportation of iron ore, and the exploration for other minerals. The Energy segment is engaged in the development of green electricity, green hydrogen, and green ammonia projects. Through its growth project Iron Bridge and its interest in the Belinga Iron Ore Project in Gabon, it is investing in the growth of its iron ore business. Its integrated operations in the Pilbara include the Chichester, Solomon and Western mining hubs. Its mining infrastructure is connected to the five berth Herb Elliott Port and Judith Street Harbour towage facility in Port Hedland. The Solomon Hub in the Hamersley Ranges is located 60 kilometers (km) north of Tom Price and 120km to the west of the Chichester Hub.

  • Revenue in AUD (TTM)28.70bn
  • Net income in AUD8.92bn
  • Incorporated1983
  • Employees11.69k
  • Location
    Fortescue LtdLevel 2 87 Adelaide Terrace, East PerthPERTH 6004AustraliaAUS
  • Phone+61 86218-8888
  • Fax+61 86218-8880
  • Websitehttps://fortescue.com/
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Mergers & acquisitions

Acquired companyDeal statusDateDate /
Deal status
FMG:ASX since
announced
Transaction
value
Commonwealth Hill Pty Ltd-Rawlinna StationAnnounced27 Apr 202327 Apr 2023Announced21.15%--
Data delayed at least 20 minutes, as of Apr 16 2024 07:10 BST.

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
Sumitomo Metal Mining Co Ltd14.45bn667.25m15.97bn7.33k22.620.832812.601.11240.67240.675,213.016,536.060.50212.497.31195,408,500.002.477.033.178.9110.1416.664.9212.951.15--0.220332.2113.028.88-42.8612.2225.0615.44
China Hongqiao Group Ltd28.56bn2.45bn19.22bn48.91k8.090.975113.690.67321.271.2714.7610.540.69223.1726.462,958,730.006.476.0711.6310.2815.6219.139.3510.190.721810.960.375443.661.468.1831.7016.21--12.08
Hindalco Industries Ltd39.95bn1.74bn25.37bn21.44k14.51--8.180.63542.2242.22970.28--------100,664,600.00--4.20--5.7237.2837.354.354.85--3.92--7.0614.4314.02-28.9010.6726.8220.11
Vedanta Ltd27.05bn2.09bn25.48bn8.55k12.24--5.360.941930.2812.67391.35--------171,034,500.00--5.88--10.4568.9161.3410.2210.36--2.86--167.4710.989.65-43.760.444713.4626.99
Hindustan Zinc Ltd5.53bn1.49bn31.85bn3.47k21.40--14.955.7619.0319.6370.68--------86,094,470.00--19.19--23.3378.3364.9926.9333.41--12.43--168.6615.828.657.012.035.4456.66
Fortescue Ltd28.70bn8.92bn79.25bn11.69k8.892.646.742.762.902.909.329.740.64116.3624.98--19.9223.7721.6426.7457.1858.2531.0736.822.3172.620.215172.72-2.9819.63-22.5840.4226.3546.95
Zijin Mining Group Co., Ltd.62.71bn4.51bn101.32bn48.84k22.604.51--1.620.81690.816911.164.090.90418.7832.48--8.188.0512.4212.3114.1513.429.057.700.5742--0.510526.348.5422.585.4739.0231.2620.11
Rio Tinto Ltd83.62bn15.56bn178.89bn57.17k13.902.557.562.149.549.5451.2552.050.5395--14.561,462,483.009.9413.0611.5715.64--73.2018.4224.141.17282.310.20378.41-2.725.93-18.83-5.915.478.41
BHP Group Ltd85.62bn11.44bn232.12bn40.98k20.313.6210.612.712.252.2516.8712.640.5893--11.212,089,254.009.4813.2511.6716.37--62.9216.0926.461.228.710.329595.22-17.334.53-36.187.633.89--
Data as of Apr 16 2024. Currency figures normalised to Fortescue Ltd's reporting currency: Australian Dollar AUD

Institutional shareholders

13.74%Per cent of shares held by top holders
HolderShares% Held
Capital Research & Management Co. (World Investors)as of 31 Dec 2023129.75m4.21%
Capital International Ltd.as of 04 Apr 2024105.65m3.43%
The Vanguard Group, Inc.as of 05 Apr 202455.06m1.79%
BlackRock Fund Advisorsas of 04 Apr 202440.12m1.30%
Vanguard Investments Australia Ltd.as of 29 Feb 202433.45m1.09%
Norges Bank Investment Managementas of 31 Dec 202321.02m0.68%
Geode Capital Management LLCas of 11 Apr 202411.15m0.36%
BlackRock Advisors (UK) Ltd.as of 04 Apr 20249.96m0.32%
J.O. Hambro Capital Management Ltd.as of 31 Mar 20248.58m0.28%
BlackRock Investment Management (UK) Ltd.as of 29 Feb 20248.15m0.27%
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Data from 31 Dec 2023 - 31 Mar 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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