Fortescue Metals Group

Public consensus   -   Last updated 12/08/20

Contributors

  • 14 FY20 based on
  • 13 FY21 based on
  • 13 FY22 based on
Reporting currency: USD
Reporting unit: Millions
FY20
CONSENSUS
12/08/20
FY21
CONSENSUS
12/08/20
FY22
CONSENSUS
12/08/20
Operating metrics
Ore mined (m wmt)
204.3
204.8
206.7
Ore processed (m wmt)
176.3
178.2
179.4
Ore shipped (m wmt)
178.2
177.8
177.8
C1 costs (US$/wmt)
12.94
13.08
13.50
Realised price (US$/dmt)
78.62
71.26
59.67
62% Fe CFR Platts index (US$/dmt)
93.25
85.47
72.08
AUD/USD
0.67
0.69
0.70
Income statement summary (US$m)
Iron ore revenue
11,912
10,881
9,026
Shipping revenue
1,140
1,229
1,291
Other revenue
24
55
68
Operating sales revenue
12,742
11,748
9,935
Cost of sales ex-depreciation & amortisation
(4,379)
(4,404)
(4,530)
Administration expenses
(105)
(98)
(97)
Other income/(expenses)
37
(16)
(16)
Underlying Ebitda
8,300
7,312
5,451
Depreciation & Amortisation
(1,352)
(1,377)
(1,410)
Net finance costs
(204)
(169)
(185)
Other income/(expenses).
(36)
(41)
(37)
Net profit before tax.
6,723
5,667
3,728
Income tax expense
(1,956)
(1,689)
(1,110)
Net profit after tax
4,767
3,979
2,618
Underlying net profit after tax
4,768
3,979
2,617
Per share metrics
Shares on issue, weighted (m)
3,079
3,078
3,078
Basic earnings per share (USc/sh)
154.7
129.1
84.9
Basic earnings per share (AUDc/sh)
229.8
187.6
123.4
Dividends per share, total (AUDc/sh)
167.1
119.9
78.6
Balance sheet and cash flow summary (US$m)
Total debt
4,454
4,103
3,819
Cash and cash equivalents
3,934
2,331
2,102
Net debt
520
1,772
1,718
Income tax paid
(1,933)
(1,844)
(1,277)
Net cash inflow from operating activities
5,921
5,342
4,079
Dividends paid
(2,214)
(3,214)
(2,070)
Debt proceeds/(repayments)
30
(426)
(462)
Sustaining capital expenditure
790
834
790
Other capital expenditure
1,182
2,152
948
Total capital expenditure (including joint operations)
1,972
2,986
1,738

Disclaimer

Fortescue Metals Group Ltd (Fortescue) invites registered sell-side analysts that provide research coverage of Fortescue's securities to submit their estimates, in respect of each financial reporting period, to an external web-based tool managed by Vuma Financial Limited (Vuma).

The consensus figures are aggregated, publicly available forecasts collated exclusively by Vuma, but only on the basis of information submitted by those analysts who choose to participate. The consensus figure for a particular item represents the arithmetic mean of all figures for that item submitted to Vuma by analysts. No analyst who has updated and entered their estimate into Vuma has been excluded from the aggregate consensus figures, except for data that contains a manifest error. The figures are current as at the date specified on the Vuma website and are not updated after that date.

The consensus figures reflect the opinions of third party analysts who do not have access to Fortescue’s non-public internal financial information. The consensus figures are not based on Fortescue’s opinions, estimates or forecasts and are compiled and published without comment from, or endorsement or verification by, Fortescue. Fortescue does not endorse, confirm or express a view on the consensus estimates, and Fortescue does not accept any responsibility whatsoever in relation to the information.

The consensus figures are provided for informational purposes only and they are not intended to, nor do they, constitute investment advice or any solicitation to buy, hold or sell securities or other financial instruments. In particular, the consensus figures may be forward-looking and as such are speculative and rely on assumptions and events in the future (some or all of which may not be satisfied or may not occur).