Fortescue Ltd

A$15.18As of Sun 8 Nov 2026, 12:00 UTC

ASX:FMGMaterials

Country Australia

PE (Fwd) •••

TSR 10Y CAGR 22.13%

Div yield 7.12%

ROE 14.23%

Other Industrial Metals & Mining

Beta (5Y) 0.83

PE TTM 11.28

TSR TTM (24.58%)

Mkt cap A$46.68B

ROIC 17.04%

SE Grade™

Value

Quality

Moat

Consensus

Reference

$19

24.66%

(36.76%)

Hold 10|10|4|5|6

TTM

FYE 30 Jun USD

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026

FY2027E

Trend

10Y

Peers

5.259

Revenue$B

10.95

10.96

10.73

10.61

10.81

10.90

10.99

11.13

11.01

5.834

0.37%

(0.02%)

4.96

Revenue growth%

18.35

16.02

18.60

18.95

20.26

18.50

18.74

19.04

20.75

22.96

5.12

19.04

18.85

22.85

Gross margin%

9.97

12.35

10.42

8.56

8.83

7.77

9.24

6.55

9.05

10.75

13.98

9.05

9.14

6.61

Operating margin%

17.71

14.83

12.95

13.33

13.37

15.38

15.86

14.35

14.70

12.16

5.91

14.70

14.53

5.55

Net margin%

20.44

17.91

17.44

19.85

22.23

20.82

21.04

21.80

23.06

20.62

26.56

21.04

20.72

18.84

P/E ratio (avg)x

29.13

32.52

37.66

38.60

37.94

43.38

44.28

50.51

58.35

65.22

16.20

50.51

40.99

26.78

EV/EBITx

45.73

53.15

58.49

65.68

64.97

62.41

71.12

82.45

93.52

103.5

9.163

82.45

65.33

9.89

FCF yield (avg)%

5.55

6.85

5.25

6.60

3.86

1.41

0.40

2.57

5.31

3.33

23.99

2.57

4.56

4.71

FCF margin%

7.21

4.81

6.96

8.02

6.97

5.85

4.82

5.87

8.66

10.36

15.15

5.87

6.97

1.726

FCF / Net incomex

1.605

1.570

1.866

2.192

2.238

2.639

2.678

2.939

3.058

3.433

0.561

2.939

2.439

25.68

ROIC%

21.33

21.52

20.52

20.33

22.89

20.43

23.42

21.03

21.63

23.09

2.16

21.63

21.42

4.13

Return on equity%

10.66

10.02

9.64

8.38

8.54

9.98

12.56

10.76

11.69

10.29

25.70

10.76

10.15

5.69

Return on assets%

22.63

25.05

22.66

25.36

27.09

26.03

26.29

24.46

23.02

23.20

23.21

24.46

24.76

1.62

EPS$

0.42

0.44

0.49

0.51

0.59

0.63

0.71

0.69

0.64

0.71

1.66

3.68%

6.89%

—

9.39

EPS growth%

1.85

0.40

1.68

1.58

4.28

4.70

3.11

0.40

21.19

0.40

1.63

0.96

Bookvalue per sh$

1.60

1.46

1.38

1.36

1.25

1.14

1.19

1.27

1.32

1.34

2.04

1.36%

(2.16%)

—

0.75

FCF per share$

1.57

1.63

1.88

1.85

1.99

2.17

2.31

2.43

2.44

2.77

0.35

6.88%

5.70%

—

0.42

Dividend per sh$

0.62

0.65

0.69

0.64

0.63

0.68

0.64

0.72

0.75

2.11%

2.18%

—

8.27

Div yield (avg)%

5.08

4.95

5.69

4.42

1.87

0.83

0.40

8.66

0.40

1.35

17.56

Payout ratio%

7.70

6.29

5.32

4.80

3.93

3.43

4.01

3.77

3.60

4.14

4.53

3.77

4.07

3.088

Shares (diluted)B

3.296

2.976

2.588

2.479

2.401

2.338

2.476

2.324

2.083

2.147

3.074

(2.21%)

(3.63%)

11.92

Buyback yield%

32.36

32.30

29.82

28.70

31.17

32.43

29.61

26.99

24.12

23.11

17.82

26.99

29.71

1.396

D/E ratiox

0.607

0.698

0.713

0.754

0.863

1.019

1.169

1.194

1.350

1.337

1.324

1.194

0.941

8.804

Enterprise value$B

11.62

11.49

13.22

12.62

14.40

15.70

16.95

16.11

16.36

18.23

5.791

4.83%

4.52%

10.01

LT debt$B

3.983

4.227

3.872

3.942

3.653

3.757

3.963

3.493

3.682

3.540

7.924

(0.63%)

(1.91%)

Peers (US$32.06B)

Cap (US$)

South32 Limited

13.64B

12.76x

Lynas Rare Earths…

8.510B

55.80x

Mineral Resources…

6.294B

8.728x

Hindustan Zinc Limited

25.53B

11.54x

Capital

TTM

10Y

Leveragex

17.66

0.173

0.143

EBIT/Intx

0.516

0.556

0.548

Own earn%

43.58

(31.46)

(34.50)

Sh yield%

20.19

27.39

33.08

Owners

Insiders/Inst%

2.70

21.89

Short interest%

5.42

SBC / revenue%

5.78

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

12–18

$1 testx

—

Incr. ROIC%

Fortescue Ltd engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. The company explores for copper and lithium deposits; and rare earth elements. It owns and operates rail and port facilities; power system integrating solar and wind generation, battery energy storage systems, firming capability, and high voltage transmission infrastructures.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

$11.01B

(0.02%)

1.00×

Cost of revenue

$7.155B

(0.30%)

0.97×

Operating expenses

$2.115B

0.31%

1.03×