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Fortescue Metals Group Ltd
(Sydney:FMG)
Fortescue Metals Group Ltd (FMG) vs. S&P 500 (SPY)
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 | 16.49B | 22.43B | 13.25B | Gross Profit |
| 7.17B | 9.44B | 8.74B | 9.16B | 15.51B | 7.24B | EBIT |
| 5.93B | 8.49B | 7.91B | 8.63B | 15.25B | 7.12B | EBITDA |
| 8.22B | 10.52B | 9.63B | 10.40B | 16.62B | 8.15B | Net Income Common Stockholders |
| 3.90B | 5.68B | 4.80B | 6.20B | 10.29B | 4.74B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 1.97B | 4.90B | 4.28B | 5.22B | 6.93B | 4.89B | Total Assets |
| 18.95B | 30.06B | 28.94B | 29.09B | 29.09B | 24.26B | Total Debt |
| 0.00 | 5.40B | 5.31B | 6.10B | 4.25B | 5.15B | Net Debt |
| -1.97B | 497.00M | 1.03B | 878.89M | -2.68B | 259.65M | Total Liabilities |
| 15.00B | 10.53B | 10.98B | 11.75B | 11.36B | 10.94B | Stockholders Equity |
| 3.95B | 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 |
|---|---|---|---|---|---|---|---|
77 Outperform | $47.76B | 8.07 | 20.21% | 9.36% | -11.33% | -32.11% | |
75 Outperform | $162.90B | 10.65 | 21.04% | 7.98% | -0.10% | 15.50% | |
68 Neutral | $185.27B | 10.72 | 26.20% | 4.98% | -2.47% | 57.01% | |
58 Neutral | $2.59B | 1,418.92 | -36.53% | 10.51% | -28.50% | -532.61% | |
54 Neutral | £11.75B | 51.99 | -3.53% | 4.01% | -19.74% | ― | |
49 Neutral | $1.96B | -1.42 | -21.96% | 3.81% | 0.71% | -27.38% | |
48 Neutral | $3.56B | 50.78 | -33.95% | 4.54% | 2.22% | -411.10% |
Fortescue Metals Group Ltd Corporate Events
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.
Fortescue Metals Group Ltd has announced the allocation price for its Dividend Reinvestment Plan (DRP) at $16.1763 per share for the interim dividend of A$0.50 per share, payable on March 27, 2025. This announcement reflects the company’s ongoing commitment to shareholder value, with shares expected to be issued to participants on the same date, potentially impacting shareholder returns and market perception positively.
Fortescue Metals Group Ltd has announced an update to its Dividend Reinvestment Plan Allocation Price, which pertains to a dividend distribution for the six-month period ending December 31, 2024. This update reflects a revision to a previous announcement made on February 20, 2025, and is significant for stakeholders as it impacts the financial returns and reinvestment options available to shareholders.
Fortescue Metals Group Ltd announced a change in the director’s interest, with Usha Rao-Monari acquiring 269 ordinary shares through an on-market trade. This change reflects a minor adjustment in the director’s holdings, indicating a potential increase in confidence or strategic alignment with the company’s future prospects.
Fortescue Metals Group Ltd has announced a change in the director’s interest notice, specifically regarding Dr. Larry Marshall. Dr. Marshall has acquired an additional 5,550 ordinary shares through an on-market trade, increasing his total holdings to 15,987 shares. This change reflects the director’s growing investment in the company, which could signal confidence in Fortescue’s future performance and strategic direction.
Fortescue Metals Group Ltd has announced a change in the director’s interest notice involving Mark Barnaba. The change reflects an acquisition of 323 ordinary securities through an on-market trade, increasing his direct holdings to 591 shares while his indirect holdings remain unchanged. This update is part of regulatory compliance and transparency in the company’s governance, ensuring stakeholders are informed of changes in director interests.
Fortescue Metals Group Ltd has increased its voting power in Red Hawk Mining Limited to 96.15% from 95.04% through a series of acquisitions. This change in interest was achieved via off-market takeover bids and on-market purchases, highlighting Fortescue’s strategic move to consolidate its influence and control over Red Hawk Mining, which could have significant implications for its operational strategies and stakeholder interests.
Fortescue Metals Group Ltd, along with its subsidiaries and associates, has increased its voting power in Red Hawk Mining Limited from 91.57% to 95.04% through a combination of off-market takeover bids and on-market share purchases. This strategic move strengthens Fortescue’s control over Red Hawk Mining, potentially enhancing its influence in the mining sector and offering significant implications for its stakeholders.
Fortescue Metals Group Ltd announced a change in its substantial holding in Red Hawk Mining Limited, increasing its voting power from 90.09% to 91.57%. This change results from both off-market takeover bids and on-market purchases, indicating Fortescue’s strategic move to consolidate its influence and control over Red Hawk Mining. The acquisition is part of Fortescue’s broader strategy to strengthen its position within the mining sector, potentially enhancing its operational capabilities and market presence.
Fortescue Metals Group Ltd released a presentation emphasizing the caution required when interpreting forward-looking statements due to inherent risks and uncertainties. The company underscores the importance of consulting their Annual Report and continuous disclosures for informed decision-making, reaffirming their commitment to transparency and adherence to regulatory standards.
Fortescue Metals Group Ltd reported a net profit after tax of US$1.6 billion for the first half of FY25, driven by record iron ore shipments of 97.1 million tonnes. Despite a decrease in revenue due to lower hematite prices, the company maintained strong operational performance and declared a fully franked interim dividend. Fortescue continues to make significant strides in decarbonizing its operations through a partnership with Liebherr and remains committed to its green energy initiatives, adjusting project timelines to align with market conditions.
Fortescue Metals Group Ltd has announced a dividend distribution of AUD 0.50 per share, payable to shareholders on March 27, 2025. This dividend relates to the financial period ending December 31, 2024, and reflects the company’s ongoing commitment to delivering shareholder value. The announcement is likely to have positive implications for stakeholders, reinforcing Fortescue’s stable financial position and dedication to rewarding its investors.
Fortescue Metals Group Ltd, via its subsidiary FMG Pilbara Pty Ltd, has announced a compulsory acquisition of the remaining shares of Red Hawk Mining Limited, following an off-market takeover bid. FMG Pilbara has acquired a relevant interest in over 90% of Red Hawk’s shares, allowing it to exercise the right for compulsory acquisition under the Corporations Act. This strategic move is expected to consolidate Fortescue’s position in the mining sector and potentially enhance its operational scale. Shareholders of Red Hawk who have not accepted the offer by the closing date will have their shares acquired at A$1.20 per share, the same terms as the initial offer.
Fortescue Metals Group Ltd, through FMG Pilbara Pty Ltd and associated entities, has increased its voting power in Red Hawk Mining Limited to 90.09% from its previous 89.44%. This change was achieved by acquiring additional shares through off-market takeover offers and on-market purchases at $1.20 per share. This strategic move enhances Fortescue’s control over Red Hawk Mining Limited, potentially impacting its operations and market positioning.
Fortescue Metals Group Ltd (FMG) has increased its stake in Red Hawk Mining Limited (RHK) to 89.44% through acquisitions via off-market takeover bids and on-market purchases, reflecting a strategic move to consolidate its control over RHK. This increase in voting power could enhance FMG’s influence over RHK’s decision-making and operational strategies, potentially impacting stakeholders and market dynamics within the mining sector.
Fortescue Metals Group Ltd has announced the appointment of Noel Quinn as a Non-Executive Director, pending regulatory approval. Quinn, with extensive experience in corporate banking and capital markets, previously served as Group Chief Executive of HSBC Holdings plc. His expertise in financial services and infrastructure projects is expected to aid Fortescue’s growth and diversification into new markets as it positions itself as a leader in green technology and energy. Executive Chairman Dr. Andrew Forrest highlighted Quinn’s international experience as a valuable asset for the company’s long-term objectives.
Fortescue Metals Group Ltd, through its subsidiaries FMG Pilbara Pty Ltd and associated entities, has increased its voting power in Red Hawk Mining Limited from 87.25% to 88.43% by acquiring additional shares. This increase in voting power follows FMG Pilbara’s off-market takeover bid and on-market purchases, which have strengthened Fortescue’s control over Red Hawk Mining, potentially impacting shareholder dynamics and strategic direction.
Fortescue Metals Group Ltd has increased its stake in Red Hawk Mining Limited (RHK) through an off-market takeover bid and on-market share purchases, raising its voting power from 84.70% to 87.25%. This strategic acquisition further consolidates FMG’s control over RHK and strengthens its position in the mining industry, potentially impacting stakeholders by solidifying FMG’s influence in strategic decision-making within RHK.
FMG Pilbara Pty Ltd, a subsidiary of Fortescue Metals Group Ltd, has made an off-market takeover bid for all shares of Red Hawk Mining Limited, which has now become unconditional. This strategic acquisition could strengthen Fortescue’s market position and potentially enhance its mining capabilities, marking a significant move in the industry.
Fortescue Metals Group Ltd, through its subsidiary FMG Pilbara Pty Ltd and associated entities, has increased its voting power in Red Hawk Mining Limited to 84.70% following an off-market takeover bid and additional share purchases. This strategic acquisition enhances Fortescue’s influence within the mining sector and solidifies its position by expanding its control over Red Hawk Mining Limited.
Fortescue Metals Group Ltd has announced an increase in its voting power in Red Hawk Mining Limited to 79.29% following a successful acquisition of additional shares. This strategic move was executed through FMG Pilbara Pty Ltd’s off-market takeover bid, offering $1.20 per share, which has strengthened Fortescue’s control and influence over Red Hawk Mining Limited, potentially impacting its strategic direction and operations.
Fortescue Metals Group Ltd has acquired over 75% of Red Hawk Mining’s ordinary shares, marking a significant expansion of its interests. This acquisition, under an off-market takeover, includes an increased offer price for Red Hawk shares, reflecting Fortescue’s strategic move to strengthen its market position and potentially enhance shareholder value.
Fortescue Metals Group Ltd, through its subsidiary FMG Pilbara Pty Ltd, has made an off-market takeover offer for Red Hawk Mining Limited. Red Hawk’s directors recommend shareholders accept the offer, provided no superior proposal arises and the offer is deemed fair and reasonable by an independent expert. This move is significant for Fortescue as it seeks to expand its mining operations and strengthen its market position.
Fortescue Metals Group Ltd, through its subsidiary FMG Pilbara Pty Ltd, has increased its offer to acquire Red Hawk Mining Limited by offering $1.20 per share, a 14% increase from the base offer. Following the acceptance from major shareholders, FMG now holds approximately 78% interest in Red Hawk and plans to delist the company from the ASX. The offer is set to become unconditional after waiving the bid condition, with the Red Hawk Board recommending shareholders to accept the offer, emphasizing the low likelihood of a superior proposal emerging.
FMG Pilbara Pty Ltd, a subsidiary of Fortescue Metals Group Ltd, has executed the dispatch of its bidder’s statement regarding an off-market takeover bid for all shares of Red Hawk Mining Limited. This strategic move, under the Corporations Act 2001, signifies Fortescue’s intention to expand its influence and holdings within the mining sector, potentially impacting its market positioning and the interests of Red Hawk’s shareholders.
Fortescue Metals Group Ltd is making an off-market takeover bid for Red Hawk Mining Limited. The offer includes a base price of $1.05 per Red Hawk share, with a potential increase to $1.20 if FMG secures a 75% interest. Red Hawk’s directors recommend accepting the offer, deemed fair and reasonable by an independent expert.
Fortescue Metals Group Ltd, through its subsidiary FMG Pilbara Pty Ltd, has initiated an off-market takeover bid for all fully paid ordinary shares of Red Hawk Mining Limited. This move indicates Fortescue’s strategic efforts to expand its mining portfolio and strengthen its market position. The acquisition, facilitated by Macquarie Securities (Australia) Limited, will be conducted at or below the offer price of $1.05 per share, with a potential increase to $1.20 per share under certain conditions, during normal trading hours on the ASX.
Fortescue Metals Group Ltd, along with its associated entities including FMG Pilbara Pty Ltd and Tattarang Pty Ltd, has acquired a substantial holding in Red Hawk Mining Limited. On January 26, 2025, Fortescue became a substantial holder with a relevant interest in 39,942,314 fully paid ordinary shares of Red Hawk Mining, representing a 19.99% voting power. This acquisition was made through Call Option Deeds with OCJ Investment (Australia) Pty Ltd and TIO (NZ) Limited. The exercise price was set at $1.05 per share. This strategic acquisition enhances Fortescue’s influence within Red Hawk Mining, potentially affecting its future operations and stakeholder dynamics.
FMG Pilbara Pty Ltd, a wholly-owned subsidiary of Fortescue Metals Group Ltd, has launched an off-market takeover bid to acquire all ordinary shares of Red Hawk Mining Limited. The offer includes a cash consideration of $1.05 per share, which could increase to $1.20 if FMG Pilbara secures at least a 75% interest by early February 2025. The Red Hawk Board has unanimously recommended acceptance of the offer, subject to no superior proposals emerging and the offer being deemed fair and reasonable by an independent expert.
Fortescue Metals Group Ltd announced its intention to acquire Red Hawk Mining Limited through its subsidiary FMG Pilbara Pty Ltd. The acquisition involves an offer to purchase all of Red Hawk’s shares at A$1.05 per share, increasing to A$1.20 if a 75% interest is acquired within a week. This offer presents a significant premium to Red Hawk’s average share price and has been deemed fair and reasonable by an independent expert. The acquisition of Red Hawk, which owns the Blacksmith Iron Ore Project, is strategically beneficial for Fortescue as it expands its operations in close proximity to its existing sites, providing immediate value and certainty to Red Hawk shareholders.