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Last €0.84 EUR
Change Today -0.025 / -2.89%
Volume 1.5K
As of 9:01 AM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

ferrexpo plc (FEX) Snapshot

Open
€0.83
Previous Close
€0.87
Day High
€0.86
Day Low
€0.82
52 Week High
09/5/14 - €1.55
52 Week Low
12/19/14 - €0.54
Market Cap
494.4M
Average Volume 10 Days
11.6K
EPS TTM
--
Shares Outstanding
588.6M
EX-Date
08/13/15
P/E TM
--
Dividend
€0.07
Dividend Yield
14.97%
Current Stock Chart for FERREXPO PLC (FEX)

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ferrexpo plc (FEX) Details

Ferrexpo plc engages in mining, developing, processing, producing, marketing, exporting, and selling iron ore pellets to the metallurgical industry worldwide. It primarily holds interest in two open-pit mines located in the Poltava region of central Ukraine. The company also offers transportation, finance, management, procurement, marketing, barging, port, and shipping services. It operates a port in Odessa; a fleet of vessels operating on the Rhine and Danube waterways; and an ocean going vessel on international sea routes. The company is based in Baar, Switzerland. Ferrexpo plc is a subsidiary of Fevamotinico S.a.r.l.

9,879 Employees
Last Reported Date: 04/8/15

ferrexpo plc (FEX) Top Compensated Officers

Chief Executive Officer, Director, Member of ...
Total Annual Compensation: $240.0K
Chief Financial Officer and Executive Directo...
Total Annual Compensation: SFr.1.4M
Compensation as of Fiscal Year 2014.

ferrexpo plc (FEX) Key Developments

Ferrexpo Plc Announces Consolidated Earnings and Operating Results for the Six Months Ended June 30, 2015; Provides Financial Guidance for the Year 2015

Ferrexpo Plc announced consolidated earnings and operating results for the six months ended June 30, 2015. For the period, the company reported total pellet production of 5.817 million tones against 5.369 million tones a year ago. Overall production was increased by 8%. For the period, the company reported, revenue was $512 million against $759 million a year ago. EBITDA was $176 million against $321 million a year ago. This was achieved in the light of significantly lower selling prices and included a non-cash operating foreign exchange gain of $15 million. Profit before tax was $143 million against $248 million a year ago. Net cash flow from operating activities was $88 million against $138 million a year ago. Net debt as of June 30, 2015 was $653 million against $694 million a year ago. Revenue reflecting a weak iron ore price index which fell on average by 46% compared to the same period in 2014. Capital expenditure decreased significantly to $25 million compared to $132 million a year ago period. Operating profit from continuing operations before adjusted items was $142.367 million against $273.359 million a year ago. Profit for the period from continuing operations was $116.149 million against $208.021 million a year ago. Profit attributable to equity shareholders of the company was $114.832 million or 19.57 cents per diluted share against $203.256 million or 34.65 cents per diluted share a year ago. EBITDA was decreased due to percentage devaluation of the currency was lower than the same period last year. And secondly, it relates really to trade receivables. The company expected tax rate of 19% for the financial year 2015 compared to 28% for 2014. The company significantly reduced its discretionary capital expenditure reflecting the current iron ore price environment. Capital expenditure is expected to be at a level of between $50 million to $100 million per annum in the current environment. The actual amount of expenditure will be determined by the iron ore price and the Group's cash generation ability as well as Ferrexpo's aim to balance capital expenditure with dividend payments and net debt reduction. The Group now has a well invested asset base which is efficient and low cost.

Ferrexpo Plc Announces Management Changes, Effective November 2015; Recommends Interim Dividend, Payable on September 18, 2015

Ferrexpo Plc announced that Mike Salamon will join the Remuneration Committee in November 2015 and will then succeed Oliver Baring (who will remain on the Committee) as Chairman. Mary Reilly, who joined the Board on 27 May 2015, has been appointed to the Audit Committee and will succeed Wolfram Kuoni (who will remain on the Committee) as Chairman with effect from November 2015. The Directors of the company recommend an interim dividend of 3.3 US cents per ordinary share amounting to USD 19 million (first half of 2014: 3.3 US cents) for payment on September 18, 2015 to shareholders on the register at the close of business on August 14, 2015. The ex-dividend date will be August 13, 2015. The dividend will be paid in UK Pounds Sterling, with an election to receive in US Dollars.

Ferrexpo Plc, H1 2015 Earnings Call, Aug 05, 2015

Ferrexpo Plc, H1 2015 Earnings Call, Aug 05, 2015

 

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FEX Competitors

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Atlas Iron Ltd A$0.03 AUD 0.00
Coeur Mining Inc $3.20 USD -0.16
Hochschild Mining PLC 68.25 GBp +0.50
IAMGOLD Corp C$2.08 CAD -0.13
Petropavlovsk PLC 5.80 GBp -0.13
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Industry Analysis

FEX

Industry Average

Valuation FEX Industry Range
Price/Earnings 6.2x
Price/Sales 0.5x
Price/Book 1.2x
Price/Cash Flow 6.2x
TEV/Sales 0.5x
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