Log in
FREE 15-Day Trial
Intelligent Investor
Intelligent Investor
  1. Home
  2. Research & Advice
  3. Research Tools
  4. Shares
  5. Fortescue Ltd (FMG)
  6. Company Financials

Fortescue Ltd (ASX: FMG) - Financials

Current share price for FMG : $24.600 0.5 (1.99%)

Fortescue Ltd (FMG, formerly Fortescue Metals Group Ltd) is an ASX-listed company which is into exploration, development, production, processing and sale of iron ore, and the transition to a global green renewables and resources Company through the activities of FFI.

Intelligent Investor free trial for buy hold sell stock recommendations

FMG Per Share

Year to Jun Sales Cashflow Earnings Dividends Franking Book Value Average
Annual P/E		 Relative P/E Shareholder Return
2023 $8.21 363.8 ¢ 234.8 ¢ 175 ¢ 100% $8.81 8.42 55.6% 40.4%
2022 $8.15 312.9 ¢ 291.8 ¢ 207 ¢ 100% $8.17 6.64 40.1% -10.2%
2021 $9.57 542.3 ¢ 443.3 ¢ 358 ¢ 100% $7.66 4.55 38.6% 91.3%

FMG Capital Structure

Total Debt Interest Long Term Debt Percent Debt Preferred Stock Share Equity Percent Equity
$8,025,641 $414,781 $7,776,772 22% $0.00 $27,132,730 78%
Note: All dollars in thousands ('000) for the table above

FMG Historical Financials

2023 2022 2021
Revenue ($M) 25,309.2 25,129.9 29,570.4
Operating Margin (%) 52.2 60.9 73.4
Depreciation ($M) -2,630.5 -2,218 -1,817
Amortisation ($M)
Net Profit Before Abs ($M) 7,236.8 8,995.5 13,693.8
Net Profit After Abs ($M) 7,236.8 8,995.5 13,693.8
Income Tax Rate (%) 30.3 29.9 30.1
Net Profit Margin (%) 28.6 35.8 46.3
Employees ($T) 13.7
Long Term Debt ($M) 7,776.8 8,607.9 5,433.6
Shareholders Equity ($M) 27,132.7 25,166.2 23,579.4
Return on Capital (%) 22 27 48
Return on Equity (%) 26.7 35.7 58.1
Payout Ratio (%) 75 71 81

FMG Cashflow

2023 2022 2021
Customer Receipts ($M) 25,413 25,552 29,504
Net Operating Cashflow ($M) 11,210 9,647 16,752
Net Investing Cashflow ($M) -4,698 -4,456 -4,824
Net Financing Cashflow ($M) -7,543 -7,402 -9,169

FMG Market & Earnings

2023 2022 2021
Market Cap ($M) 68,291 53,974 71,824
Net Gearing (%) 5.8 5.1 -15.1
Net Interest Cover (%) 55.7 56.3 66.7
Dividend Yield (%) 7.9 11.8 15.3
NTA Per Share ($) 8.67 8.05 7.66
EBITDA ($M) 13,207 15,291 21,697
EBIT ($M) 10,576 13,073 19,880
EBT Before Abs ($M) 10,386 12,841 19,582

FMG Balance Sheet

2023 2022 2021
Cash ($M) 6,466 7,583 9,218
Debtors ($M) 499.2 525.5 755.5
Other Debtors ($M) 285.1 153.9 192.9
Prepayments ($M)
Inventories ($M) 1,793 1,574 1,612
Current Investments ($M)
Other Current Assets ($M) 134.2 178.5 138.3
Total Current Assets ($M) 9,178 10,015 11,917
Receivables ($M) 24.1 34.8 31.9
Inventories ($M) 690.8 680.8
Property, Plant & Equipment ($M) 52,042 47,174 39,787
Accumulated Depreciation ($M) -21,637 -18,299 -14,868
Intangibles ex. Goodwill ($M) 156.9 84.2 13.3
Goodwill ($M) 294.1 288.9
Future Income Tax Benefit ($M)
Non-Current Investments ($M) 508.3 101.6
Other Non-Current Assets ($M) 1,303.2 1,109 872.6
Total Non-Current Assets ($M) 33,383 31,174 25,837
Total Assets ($M) 42,561 41,189 37,753
Accounts Payable ($M) 2,235 2,270 2,551
Provisions ($M) 1,129.7 987.1 2,387.6
Short Term Debt ($M) 248.9 251.1 222.1
Other Current Liabilities ($M) 107.1
Total Current Liabilities ($M) 3,721 3,508 5,161
Creditors ($M) 42.2 30.5 17.3
Long Term Debt ($M) 7,777 8,608 5,434
Provisions ($M) 3,875 3,864 3,551
Other Non-Current Liabilities ($M)
Total Non-Current Liabilities ($M) 11,694 12,503 9,002
Total Liabilities ($M) 15,415 16,011 14,163
Share Capital ($M) 1,575 1,529 1,470
Reserves ex. Share Premium ($M) 256.4 158.2 61.2
Share Premium Reserve ($M)
Retained Profits ($M) 25,302 23,479 22,048
Other Shareholders Equity ($M)
Convertible Equity ($M)
Outside Equity Interest ($M) 13.57 11.61 10.64
Total Shareholders Equity ($M) 27,146 25,178 23,590

DISCLOSURE: InvestSMART Group Limited employees may have an interest in the securities and managed funds displayed via this service. Please refer to our Financial Services Guide for more information.

Data shown on this website is sourced by Morningstar
© 2017 Morningstar. All rights reserved. Neither any Morningstar company nor any of their content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice has been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Limited, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. You should consider the advice in light of these matters and, if applicable, the relevant Product Disclosure Statement (in respect of Australian products) or Investment Statement (in respect of New Zealand products) before making any decision to invest. No Morningstar-affiliated company or any of their employees is providing you with personalised financial advice. To obtain advice tailored to your particular circumstances, please contact a professional financial adviser. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only.