Obermatt

Fortescue

ASX:FMG · AU000000FMG4
Metals & MiningLarge

360

75
EV / EBIT78
Price / Owner Earnings41
Owner Earnings Yield86
Dividend Yield93
Price/Sales12
EV / Gross Profit38
Price/Book36
Return on Capital93
Cash Return on Capital94
Return on Equity92
EBIT Margin94
Gross Profitability72
Cash Conversion46
Accruals42
Owner Earnings Margin92
Sales growth55
Profit Growth100
Long-Term EPS Growth6
Owner Earnings Growth83
Reinvestment53
Price momentum86
Debt load64
Refinancing16
Debt Payback74
Liquidity100
Analyst ratings1
Opinion Changes71
Price Target Upside26
Market mood84
Value Creation20/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Fortescue generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryAustralia
IndustryMetals & Mining
SizeLarge
TypePublic Company
ExchangeASX
Founded1983
Employees8,232
ISINAU000000FMG4
Last UpdateApr 2, 2026
Themes
Onshore and Offshore WindCleanTechMining TechnologyHydrogenRenewable AmmoniaClean EnergyClimateTech

Description

Fortescue Ltd is a player in the mining and production of iron ore and is actively involved in energy generation and development initiatives related to green technologies. The company’s operations encompass exploration, development, production, proce…

Analysis

Quality compounder

Fortescue Ltd is a quality compounder: a well-run business trading at a price that reflects what it is worth. One caution: reported profits have recently run ahead of actual cash, which we track closely.

The price is attractive. You pay 13.5× its owner earnings: the cash an owner could take out each year, which is in the historically attractive zone. At today's price, the market is assuming roughly 1% yearly growth; analysts expect -4%. The gap between price and consensus is worth watching: demanding expectations.

The trajectory is moderate and the balance sheet is sturdy. The company scores 20/20 on our value-creation score: strong value creator. Analyst sentiment is cautious.

What to watch: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
93
2023202420252026

All-time high

96

Feb 2026

All-time low

12

Sep 2025

Average rank

46

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
12
26
12
16
Price/Earnings
54
43
49
36
Price/Book
36
24
13
11
Dividend Yield
93
86
93
94
Value (overall)
58
42
42
44

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →