Fortescue Metals Group

Public consensus   -   Last updated 10/08/21

Contributors

  • 11 FY21 based on
  • 11 FY22 based on
  • 11 FY23 based on
Reporting currency: USD
Reporting unit: Millions
FY21
CONSENSUS
10/08/21
FY22
CONSENSUS
10/08/21
FY23
CONSENSUS
10/08/21
Operating metrics
Ore mined (m wmt)
226.9
210.9
214.9
Ore processed (m wmt)
185.0
184.8
186.4
Ore shipped (m wmt)
182.3
182.7
183.3
C1 costs (US$/wmt)
13.90
15.23
15.15
Realised price (US$/dmt)
135.11
125.15
86.57
62% Fe CFR Platts index (US$/dmt)
154.25
150.91
103.64
AUD/USD
0.75
0.76
0.75
Income statement summary (US$m)
Iron ore revenue
21,276
19,504
13,177
Shipping revenue
1,391
1,799
1,717
Other revenue
(52)
30
45
Operating sales revenue
22,492
20,956
14,573
Cost of sales ex-depreciation & amortisation
(5,562)
(6,083)
(5,507)
Administration expenses
(212)
(315)
(291)
Other income/(expenses)
(196)
(199)
(101)
Underlying Ebitda
16,501
14,452
8,753
Depreciation & Amortisation
(1,399)
(1,464)
(1,498)
Net finance costs
(187)
(127)
(148)
Other income/(expenses).
(105)
(117)
(99)
Net profit before tax.
14,858
12,818
7,065
Income tax expense
(4,466)
(3,814)
(2,103)
Net profit after tax
10,392
9,003
4,962
Underlying net profit after tax
10,408
9,003
4,956
Per share metrics
Shares on issue, weighted (m)
3,082
3,082
3,082
Basic earnings per share (USc/sh)
337.1
292.1
160.8
Basic earnings per share (AUDc/sh)
454.2
387.2
219.2
Dividends per share, total (AUDc/sh)
364.1
305.2
164.9
Balance sheet and cash flow summary (US$m)
Total debt
4,195
4,019
3,511
Cash and cash equivalents
6,729
4,095
3,054
Net debt
(2,533)
(77)
457
Income tax paid
(3,993)
(4,985)
(2,502)
Net cash inflow from operating activities
12,074
9,791
6,270
Dividends paid
(5,597)
(9,266)
(5,057)
Debt proceeds/(repayments)
(934)
(266)
(433)
Sustaining capital expenditure
1,087
1,206
1,011
Other capital expenditure
2,490
1,770
712
Total capital expenditure (including joint operations)
3,578
2,993
1,742

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).