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Last €1.87 EUR
Change Today +0.327 / 21.21%
Volume 12.7K
As of 12:22 PM 04/27/15 All times are local (Market data is delayed by at least 15 minutes).

fortescue metals group ltd (FVJ) Snapshot

Open
€1.81
Previous Close
€1.54
Day High
€1.87
Day Low
€1.78
52 Week High
04/28/14 - €3.48
52 Week Low
04/7/15 - €1.24
Market Cap
5.8B
Average Volume 10 Days
6.8K
EPS TTM
--
Shares Outstanding
3.1B
EX-Date
03/2/15
P/E TM
--
Dividend
€0.18
Dividend Yield
7.03%
Current Stock Chart for FORTESCUE METALS GROUP LTD (FVJ)

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fortescue metals group ltd (FVJ) Details

Fortescue Metals Group Limited produces and sells iron ore in Australia. The company holds various tenements covering the Chichester and Solomon hubs located throughout the Pilbara region of Western Australia. It supplies iron ore to customers in China and South East Asia. The company was founded in 2003 and is headquartered in East Perth, Australia.

10,000 Employees
Last Reported Date: 02/16/15
Founded in 2003

fortescue metals group ltd (FVJ) Top Compensated Officers

Chief Executive Officer and Executive Directo...
Total Annual Compensation: A$1.8M
Chief Financial Officer
Total Annual Compensation: A$1.0M
Director of Operations
Total Annual Compensation: A$309.2K
Compensation as of Fiscal Year 2014.

fortescue metals group ltd (FVJ) Key Developments

Fortescue Metals Group Issues $2,300 Million of Senior Secured Notes

Fortescue Metals Group Limited completed an offering of Senior Secured Notes. The offering was initially launched at $1,500 million and due to demand was upsized to $2,300. The offering is expected to settle on or about 27 April 2015, subject to customary closing conditions. It is estimated that the net proceeds from this offering will be approximately $2,203 million, after deducting estimated discounts and issue commissions. Fortescue will use the net proceeds to: redeem the outstanding 2017 and 2018 Senior Unsecured Notes; to swap certain of the 2019 Notes for New Senior Secured Notes and to repay, redeem, repurchase or otherwise retire outstanding indebtedness maturing in 2019.

Fortescue Metals Group Limited Reports Operating Results for the Third Quarter Ended March 31, 2015; Provides Shipping Guidance for the Fiscal Year 2015 and 2016

Fortescue Metals Group Limited reported operating results for the third quarter ended March 31, 2015. For the period, the company shipped a total of 40.4 million tonnes of iron ore in the third quarter ended March 31, down 2% from 41.1 Mt in the second quarter and up 28% from 31.5 Mt for the third quarter fiscal year 2014. Shipments included 39.4 million Fortescue equity tonnes and 1.0 million third party tonnes. The company mined 35.5Mt of ore, 19% less than the previous quarter and 20% more than the prior comparable period. For the fiscal year 2015 shipping guidance has been increased to 160-165Mt, reflecting the strong operational performance for the year to date. Preliminary fiscal year 2016 shipping guidance is estimated at 165Mtpa with C1 cost guidance of USD 18/wmt.

Fortescue Eyes To Sell Stake In Its Mines

Fortescue Metals Group Limited (ASX:FMG) is planning to sell of a minority stake in some or all of its Pilbara iron ore mines as it weighs up ­alternative approaches to tackle its debt. Nev Power, Chief Executive of Fortescue told The Australian on the sidelines of the Mines and Money conference in Hong Kong yesterday that the possible sale was among a series of options available to it.

 

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FVJ:GR €1.87 EUR +0.327

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Industry Analysis

FVJ

Industry Average

Valuation FVJ Industry Range
Price/Earnings 4.7x
Price/Sales 0.6x
Price/Book 0.8x
Price/Cash Flow 4.5x
TEV/Sales NM Not Meaningful
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