Fortescue Metals Group Ltd
ASX:FMG

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Fortescue Metals Group Ltd
ASX:FMG
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Price: 18.4 AUD Market Closed
Market Cap: 56.7B AUD
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Fortescue Metals Group Ltd
Pre-Tax Income

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
TTM
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Fortescue Metals Group Ltd
Pre-Tax Income Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Pre-Tax Income CAGR 3Y CAGR 5Y CAGR 10Y
Fortescue Metals Group Ltd
ASX:FMG
Pre-Tax Income
$8.3B
CAGR 3-Years
-17%
CAGR 5-Years
13%
CAGR 10-Years
N/A
BlueScope Steel Ltd
ASX:BSL
Pre-Tax Income
AU$1.3B
CAGR 3-Years
-9%
CAGR 5-Years
-1%
CAGR 10-Years
31%
Deterra Royalties Ltd
ASX:DRR
Pre-Tax Income
AU$221.6m
CAGR 3-Years
16%
CAGR 5-Years
N/A
CAGR 10-Years
N/A
C
Champion Iron Ltd
ASX:CIA
Pre-Tax Income
CA$392.8m
CAGR 3-Years
-20%
CAGR 5-Years
13%
CAGR 10-Years
N/A
Vulcan Steel Ltd
ASX:VSL
Pre-Tax Income
NZ$58.9m
CAGR 3-Years
-13%
CAGR 5-Years
3%
CAGR 10-Years
N/A
Coronado Global Resources Inc
ASX:CRN
Pre-Tax Income
-$175.3m
CAGR 3-Years
-18%
CAGR 5-Years
N/A
CAGR 10-Years
N/A
No Stocks Found

Fortescue Metals Group Ltd
Glance View

Market Cap
56.6B AUD
Industry
Metals & Mining
Economic Moat
Narrow

Fortescue Metals Group Ltd. has carved a prominent niche in the global mining industry, primarily through its robust operations in the Pilbara region of Western Australia. Founded in 2003 by Andrew Forrest, Fortescue's journey reflects an entrepreneurial spirit and a strategic grasp of market dynamics. The company has relentlessly expanded its operations to become one of the world's largest producers of iron ore. Fortescue's business model is deeply rooted in exploration, development, and the operation of large-scale iron ore projects. Through its extensive rail and port infrastructure, Fortescue efficiently transports high-quality ore from its mines to port, forging strong ties with steel producers worldwide, particularly in China, where demand for iron ore is immense due to the country's substantial infrastructure development and urbanization projects. Fortescue’s profitability hinges on its operational efficiency and cost leadership, which have been reinforced by continuous technological advancements and sustainability initiatives. The company has adeptly navigated the volatile commodities market, leveraging economies of scale to maintain competitive pricing. Fortescue's ambitions extend beyond traditional mining; the firm is increasingly focusing on renewable energy and green hydrogen projects, as it aims to transition towards a more sustainable future. This strategic pivot not only seeks to diversify revenue streams but also aligns with global trends towards decarbonization. By balancing its core business with innovation and sustainability, Fortescue intends to secure a resilient position in the future of energy and resources.

FMG Intrinsic Value
20.36 AUD
Undervaluation 10%
Intrinsic Value
Price

See Also

What is Fortescue Metals Group Ltd's Pre-Tax Income?
Pre-Tax Income
8.3B USD

Based on the financial report for Jun 30, 2024, Fortescue Metals Group Ltd's Pre-Tax Income amounts to 8.3B USD.

What is Fortescue Metals Group Ltd's Pre-Tax Income growth rate?
Pre-Tax Income CAGR 5Y
13%

Over the last year, the Pre-Tax Income growth was 21%. The average annual Pre-Tax Income growth rates for Fortescue Metals Group Ltd have been -17% over the past three years , 13% over the past five years .

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