Last €1.57 EUR
Change Today -0.031 / -1.94%
Volume 19.7K
As of 3:58 AM 03/6/15 All times are local (Market data is delayed by at least 15 minutes).

fortescue metals group ltd (FVJ) Snapshot

Open
€1.55
Previous Close
€1.60
Day High
€1.57
Day Low
€1.49
52 Week High
04/9/14 - €3.75
52 Week Low
01/27/15 - €1.41
Market Cap
4.9B
Average Volume 10 Days
5.7K
EPS TTM
--
Shares Outstanding
3.1B
EX-Date
03/2/15
P/E TM
--
Dividend
€0.18
Dividend Yield
8.39%
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 Announces Multi-Billion Dollar Refinancing

Fortescue Metals Group Ltd. announced the launch of a new USD 2.5 billion senior secured debt issue and an offer to holders of its 2017, 2018 and 2019 senior unsecured notes to tender their notes for repurchase, subject to a cap on the 2019 notes. The company also intends to extend the maturity on its existing USD 4.9 billion senior secured credit facility resulting in the majority of its debt maturing beyond mid-2021, further strengthening the balance sheet. The terms and conditions of the new senior secured debt issue will be consistent with the company's existing debt facilities.

Fortescue Metals Group Limited Maintains Operating Guidance for the Full Year of Fiscal 2015

Fortescue Metals Group Limited maintained its shipping guidance of 155 million to 160 million tonnes for the full year of fiscal 2015 and cost guidance has been revised down to $25 to $26 per wet metric tonne based on an exchange rate of 80 US cents.

Fortescue Metals Group Limited Reports Unaudited Consolidated Earnings and Production Results for the Half Year Ended December 31, 2014; Provides Production Guidance for the Full Year of Fiscal 2015; Declares Fully Franked Interim Dividend for the Half Year Ended December 31, 2014, Payable on April 7, 2015

Fortescue Metals Group Limited reported unaudited consolidated earnings and production results for the half year ended December 31, 2014. For the period, the company reported operating sales revenue of USD 4,858 million against USD 5,873 million a year ago. Profit before income tax and net finance expenses was USD 746 million against USD 2,814 million a year ago. Profit before income tax was USD 440 million against USD 2,417 million a year ago. Profit is attributable to equity holders of the company was USD 331 million or USD 10.62 per diluted share against USD 1,714 million or USD 55.01 per diluted share a year ago. Net cash inflow from operating activities was USD 905 million against USD 3,646 million a year ago. Payments for property, plant and equipment – Fortescue was USD 436 million against USD 1,354 million a year ago. Payments for property, plant and equipment - joint operations was USD 142 million against USD 2 million a year ago. Net tangible asset backing per ordinary shares was USD 2.43 against USD 2.18 a year ago. Underlying EBITDA was USD 1,440 million against USD 3,220 million a year ago. Revenue was down 17%, reflecting a 53% increase in shipments to 82.7Mt offet by a decrease in iron ore prices. For the period, the company achieved record shipments of 82.7 million tons, a 53% increase from the prior period. The company mined 86.5mt of ore, a 29% improvement from the prior period, with a 7% reduction in overburden mined. Ore processed was 75.6 million tons against 53.7 million tons a year ago. The company maintained its shipping guidance of 155-160m tonnes for the full year of fiscal 2015, reflecting allowance for the second-half wet season. The Directors of company declared a fully franked interim dividend of AUD 0.03 cents per share for the half year ended December 31, 2014, payable on April 7, 2015. Record date of interim dividend is March 4, 2015.

 

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Industry Analysis

FVJ

Industry Average

Valuation FVJ Industry Range
Price/Earnings 4.1x
Price/Sales 0.5x
Price/Book 0.7x
Price/Cash Flow 4.0x
TEV/Sales NM Not Meaningful
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