Fortescue Metals Group

Public consensus   -   Last updated 12/08/20

Reporting currency: USD
Reporting unit: Millions
 
NO. OF
FORECASTS
FY22
CONSENSUS
12/08/20
FY22
MIN
FY22
MAX
Operating metrics
Ore mined (m wmt)
11
206.7
193.4
220.2
Ore processed (m wmt)
11
179.4
175.7
190.2
Ore shipped (m wmt)
12
177.8
174.3
180.0
C1 costs (US$/wmt)
12
13.50
12.78
14.79
Realised price (US$/dmt)
12
59.67
52.33
66.42
62% Fe CFR Platts index (US$/dmt)
12
72.08
61.50
79.25
AUD/USD
12
0.70
0.64
0.74
Income statement summary (US$m)
Iron ore revenue
13
9,026
7,251
11,001
Shipping revenue
9
1,291
760
1,515
Other revenue
3
68
-
162
Operating sales revenue
13
9,935
8,380
11,001
Cost of sales ex-depreciation & amortisation
13
(4,530)
(5,113)
(3,743)
Administration expenses
11
(97)
(164)
(56)
Other income/(expenses)
7
(16)
(105)
92
Underlying Ebitda
12
5,451
3,919
6,372
Depreciation & Amortisation
13
(1,410)
(1,790)
(1,247)
Net finance costs
13
(185)
(290)
(64)
Other income/(expenses).
8
(37)
(77)
2
Net profit before tax.
13
3,728
2,307
4,653
Income tax expense
13
(1,110)
(1,353)
(692)
Net profit after tax
13
2,618
1,615
3,304
Underlying net profit after tax
13
2,617
1,615
3,293
Per share metrics
Shares on issue, weighted (m)
13
3,078
3,059
3,091
Basic earnings per share (USc/sh)
13
84.9
52.3
106.4
Basic earnings per share (AUDc/sh)
12
123.4
81.4
149.0
Dividends per share, total (AUDc/sh)
13
78.6
40.9
115.0
Balance sheet and cash flow summary (US$m)
Total debt
13
3,819
1,120
5,633
Cash and cash equivalents
13
2,102
1,100
3,663
Net debt
13
1,718
(272)
3,293
Income tax paid
13
(1,277)
(1,900)
(692)
Net cash inflow from operating activities
13
4,079
3,187
4,945
Dividends paid
13
(2,070)
(3,082)
(1,419)
Debt proceeds/(repayments)
8
(462)
(1,380)
(6)
Sustaining capital expenditure
13
790
361
1,000
Other capital expenditure
13
948
411
1,333
Total capital expenditure (including joint operations)
13
1,738
1,280
2,114

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).