Fortescue Metals Group
Public consensus - Last updated
11/11/22
Contributors
- 12 FY23 based on
- 12 FY24 based on
|
Reporting currency:
USD
Reporting unit: Millions | FY23 CONSENSUS 11/11/22 | FY24 CONSENSUS 11/11/22 |
|---|---|---|
| Operating metrics | ||
Hematite ore mined (m wmt) | 215.2 | 214.5 |
Hematite ore processed (m wmt) | 190.2 | 188.0 |
Hematite ore shipped (m wmt) | 189.3 | 187.5 |
Iron Bridge ore mined (100% basis) (m wmt) | 3.0 | 26.3 |
Iron Bridge concentrate processed (100% basis) (m wmt) | 2.0 | 18.4 |
Iron Bridge concentrate shipped (100% basis) (m wmt) | 1.1 | 10.5 |
Total shipped (Fortescue share) (m wmt) | 189.9 | 179.8 |
Hematite C1 cost (US$/wmt) | 17.88 | 17.14 |
Iron Bridge C1 cost (US$/wmt) | 75.86 | 49.09 |
Consolidated C1 cost (US$/wmt) | 18.39 | 19.45 |
Hematite realised price (US$/dmt) | 84 | 74 |
Iron Bridge realised price (US$/dmt) | 123 | 111 |
Consolidated realised price (US$/dmt) | 84 | 75 |
62% Fe CFR Platts index (US$/dmt) | 103.47 | 92.27 |
AUD/USD | 0.67 | 0.69 |
| Income statement summary (US$m) | ||
Iron ore revenue | 13,463 | 12,148 |
Shipping revenue | 1,689 | 1,719 |
Other revenue | 58 | 116 |
Operating sales revenue | 15,040 | 13,869 |
Cost of sales ex-depreciation & amortisation | (6,218) | (20,992) |
Administration expenses | (336) | (300) |
Research expenditure (including FFI expenditure) | (493) | (380) |
Other income/(expenses) | (192) | (118) |
Underlying Ebitda | 7,999 | (7,800) |
Depreciation & Amortisation | (1,590) | (1,636) |
Net finance costs | (220) | (215) |
Other income/(expenses). | (179) | (204) |
Net profit before tax. | 6,138 | (9,724) |
Income tax expense | (1,840) | (1,480) |
Net profit after tax | 4,298 | (11,204) |
Underlying net profit after tax | 4,272 | 3,417 |
| Per share metrics | ||
Shares on issue, weighted (m) | 3,078 | 3,080 |
Basic earnings per share (USc/sh) | 139.6 | 111.1 |
Basic earnings per share (AUDc/sh) | 207.4 | 160.9 |
Dividends per share, total (AUDc/sh) | 146.4 | 102.4 |
| Balance sheet and cash flow summary (US$m) | ||
Total debt | 5,763 | 5,298 |
Cash and cash equivalents | 3,845 | 3,280 |
Net debt | 2,206 | 2,018 |
Income tax paid | (2,136) | (1,687) |
Net cash inflow from operating activities | 5,832 | 5,187 |
Dividends paid | (4,029) | (2,781) |
Debt proceeds/(repayments) | (212) | (416) |
Sustaining and hub development capital expenditure | 1,558 | 1,472 |
Major projects capital expenditure | 1,021 | 395 |
FFI capital expenditure | 240 | 310 |
Other capital expenditure | 369 | 253 |
Total capital expenditure (including joint operations) | 3,157 | 2,388 |
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).
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).