Fortescue Metals Group

Public consensus   -   Last updated 12/08/20

Reporting currency: USD
Reporting unit: Millions
 
NO. OF
FORECASTS
FY20
CONSENSUS
12/08/20
FY20
MIN
FY20
MAX
Operating metrics
Ore mined (m wmt)
14
204.3
204.3
204.3
Ore processed (m wmt)
14
176.3
176.3
176.3
Ore shipped (m wmt)
14
178.2
178.2
178.2
C1 costs (US$/wmt)
14
12.94
12.94
12.94
Realised price (US$/dmt)
14
78.62
78.62
78.62
62% Fe CFR Platts index (US$/dmt)
14
93.25
93.25
93.25
AUD/USD
14
0.67
0.67
0.67
Income statement summary (US$m)
Iron ore revenue
14
11,912
10,705
12,813
Shipping revenue
10
1,140
537
1,432
Other revenue
9
24
(142)
112
Operating sales revenue
14
12,742
11,928
13,300
Cost of sales ex-depreciation & amortisation
14
(4,379)
(4,696)
(4,149)
Administration expenses
11
(105)
(200)
(75)
Other income/(expenses)
11
37
(62)
155
Underlying Ebitda
14
8,300
7,510
8,512
Depreciation & Amortisation
14
(1,352)
(1,380)
(1,312)
Net finance costs
13
(204)
(250)
(147)
Other income/(expenses).
8
(36)
(65)
-
Net profit before tax.
14
6,723
5,856
6,905
Income tax expense
14
(1,956)
(2,017)
(1,757)
Net profit after tax
14
4,767
4,099
4,913
Underlying net profit after tax
14
4,768
4,099
4,913
Per share metrics
Shares on issue, weighted (m)
13
3,079
3,069
3,091
Basic earnings per share (USc/sh)
14
154.7
133.1
159.0
Basic earnings per share (AUDc/sh)
13
229.8
198.7
236.2
Dividends per share, total (AUDc/sh)
14
167.1
118.0
189.0
Balance sheet and cash flow summary (US$m)
Total debt
14
4,454
1,733
5,200
Cash and cash equivalents
14
3,934
1,353
4,900
Net debt
14
520
109
2,147
Income tax paid
14
(1,933)
(2,155)
(1,529)
Net cash inflow from operating activities
14
5,921
4,603
6,511
Dividends paid
14
(2,214)
(3,432)
(2,040)
Debt proceeds/(repayments)
12
30
(2,219)
921
Sustaining capital expenditure
14
790
403
1,923
Other capital expenditure
14
1,182
65
1,702
Total capital expenditure (including joint operations)
14
1,972
1,544
2,211

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).