Fortescue Metals Group Ltd
ASX:FMG
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Fortescue Metals Group Ltd
ASX:FMG
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AU |
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Intrinsic Value
Is FMG undervalued or overvalued?
See the intrinsic value estimate for Fortescue Metals Group Ltd and find out whether today’s valuation is cheap or expensive by its own historical standards.
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FMG looks undervalued.
But is it cheap by its own standards?
See how today’s valuation compares with FMG’s past valuations and how the stock performed after similar periods.
Fundamental Analysis
What Fortescue Metals Group Does
Fortescue Metals Group is an Australian mining company best known for digging up iron ore in Western Australia and shipping it to steelmakers around the world. It owns and runs mines, rail lines, and port facilities that move ore from the Pilbara region to ships bound for Asia and other major steel markets. Its main business is selling iron ore, which is a basic ingredient used to make steel for buildings, cars, machines, and infrastructure.
- Headquarters
- Australia AU
- Employees
- 10 164
- IPO date
- Mar 19, 1987
Fortescue Metals Group has a narrow economic moat
Large iron ore deposits and a connected mine, rail and port system let Fortescue spread operating costs across large volumes, making it difficult for smaller producers to match its costs. This helps protect its profits against higher-cost suppliers, without requiring it to produce more cheaply than every major competitor.
Read the full moat analysis
Earnings Waterfall
Fortescue Metals Group Ltd
The intrinsic value for Fortescue Metals Group Ltd (FMG) under the Base Case is hidden AUD.
Compared with the current market price of 15.08 AUD, the stock appears hidden.