Fortescue’s principal activities during the year were exploration, development, production, processing and sale of iron ore.
Fortescue Metals Group Limited
Profit & Loss
| ($) | 30 Jun 2021 | 30 Jun 2020 | 30 Jun 2019 | 30 Jun 2018 | 30 Jun 2017 | 30 Jun 2016 | 30 Jun 2015 | 30 Jun 2014 | 30 Jun 2013 | 30 Jun 2012 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 22,284,000,000 | 12,820,000,000 | 9,965,000,000 | 6,887,000,000 | 8,447,000,000 | 7,083,000,000 | 8,574,000,000 | 11,753,000,000 | 8,120,000,000 | 6,681,000,000 |
| Cost of Goods Sold | -6,794,000,000 | -5,742,000,000 | -5,115,000,000 | -4,930,000,000 | -4,888,000,000 | -5,064,000,000 | -7,427,000,000 | -7,002,000,000 | -5,140,000,000 | -4,015,000,000 |
| Gross Profit | 15,490,000,000 | 7,078,000,000 | 4,850,000,000 | 1,957,000,000 | 3,559,000,000 | 2,019,000,000 | 1,147,000,000 | 4,751,000,000 | 2,980,000,000 | 2,666,000,000 |
| Operating Costs | -544,000,000 | -166,000,000 | -28,000,000 | -84,000,000 | -109,000,000 | -204,000,000 | -98,000,000 | -118,000,000 | 39,000,000 | -54,000,000 |
| Operating Profit | 14,946,000,000 | 6,912,000,000 | 4,822,000,000 | 1,873,000,000 | 3,450,000,000 | 1,815,000,000 | 1,049,000,000 | 4,633,000,000 | 3,019,000,000 | 2,612,000,000 |
| Financing Costs | -224,000,000 | -222,000,000 | -253,000,000 | -628,000,000 | -483,000,000 | -461,000,000 | -629,000,000 | -720,000,000 | -553,000,000 | -349,000,000 |
| Pre Tax Profit | 14,946,000,000 | 6,912,000,000 | 4,822,000,000 | 1,873,000,000 | 3,450,000,000 | 1,815,000,000 | 1,049,000,000 | 4,633,000,000 | 3,019,000,000 | 2,612,000,000 |
| Income Tax | -4,427,000,000 | -1,955,000,000 | -1,382,000,000 | -367,000,000 | -874,000,000 | -369,000,000 | -104,000,000 | -1,173,000,000 | -720,000,000 | -704,000,000 |
| Profit | 10,295,000,000 | 4,735,000,000 | 3,187,000,000 | 878,000,000 | 2,093,000,000 | 985,000,000 | 316,000,000 | 2,740,000,000 | 1,746,000,000 | 1,559,000,000 |
Balance Sheet
| ($) | 30 Jun 2021 | 30 Jun 2020 | 30 Jun 2019 | 30 Jun 2018 | 30 Jun 2017 | 30 Jun 2016 | 30 Jun 2015 | 30 Jun 2014 | 30 Jun 2013 | 30 Jun 2012 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | 8,959,000,000 | 6,297,000,000 | 3,612,000,000 | 1,650,000,000 | 2,605,000,000 | 2,423,000,000 | 3,529,000,000 | 4,477,000,000 | 3,662,000,000 | 3,650,000,000 |
| Non Current Assets | 19,424,000,000 | 17,101,000,000 | 16,082,000,000 | 16,199,000,000 | 16,510,000,000 | 16,914,000,000 | 17,831,000,000 | 18,217,000,000 | 17,205,000,000 | 11,413,000,000 |
| Assets | 28,383,000,000 | 23,398,000,000 | 19,694,000,000 | 17,849,000,000 | 19,115,000,000 | 19,337,000,000 | 21,360,000,000 | 22,694,000,000 | 20,867,000,000 | 15,063,000,000 |
| Current Liabilities | 3,880,000,000 | 2,795,000,000 | 2,646,000,000 | 1,239,000,000 | 2,202,000,000 | 1,634,000,000 | 1,688,000,000 | 3,270,000,000 | 1,414,000,000 | 2,137,000,000 |
| Non Current Liabilities | 6,768,000,000 | 7,359,000,000 | 6,447,000,000 | 6,878,000,000 | 7,179,000,000 | 9,297,000,000 | 12,135,000,000 | 11,841,000,000 | 14,164,000,000 | 9,164,000,000 |
| Liabilities | 10,648,000,000 | 10,154,000,000 | 9,093,000,000 | 8,117,000,000 | 9,381,000,000 | 10,931,000,000 | 13,823,000,000 | 15,111,000,000 | 15,578,000,000 | 11,301,000,000 |
| Equity | 17,735,000,000 | 13,244,000,000 | 10,601,000,000 | 9,732,000,000 | 9,734,000,000 | 8,406,000,000 | 7,537,000,000 | 7,583,000,000 | 5,289,000,000 | 3,762,000,000 |
Cash Flow
| ($) | 30 Jun 2021 | 30 Jun 2020 | 30 Jun 2019 | 30 Jun 2018 | 30 Jun 2017 | 30 Jun 2016 | 30 Jun 2015 | 30 Jun 2014 | 30 Jun 2013 | 30 Jun 2012 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow from Operating Activities | 12,594,000,000 | 6,415,000,000 | 4,373,000,000 | 1,601,000,000 | 4,256,000,000 | 3,023,000,000 | 2,037,000,000 | 6,248,000,000 | 3,004,000,000 | 2,808,000,000 |
| Cash Flow from Financing Activities | -6,893,000,000 | -1,281,000,000 | -2,392,000,000 | -1,626,000,000 | -3,282,000,000 | -3,462,000,000 | -1,235,000,000 | -4,625,000,000 | 2,989,000,000 | 2,793,000,000 |
| Cash Flow from Investing Activities | -3,627,000,000 | -1,968,000,000 | -983,000,000 | -936,000,000 | -715,000,000 | -336,000,000 | -726,000,000 | -1,392,000,000 | -6,166,000,000 | -5,990,000,000 |
| Cash Flow | 2,074,000,000 | 3,166,000,000 | 998,000,000 | -961,000,000 | 259,000,000 | -775,000,000 | 76,000,000 | 231,000,000 | -173,000,000 | -389,000,000 |
| Foreign Exchange Movements | 1,000,000 | -185,000,000 | 13,000,000 | -14,000,000 | -4,000,000 | -23,000,000 | -93,000,000 | 9,000,000 | -12,000,000 | 69,000,000 |
| Cash at the Beginning of the Period | 4,855,000,000 | 1,874,000,000 | 863,000,000 | 1,838,000,000 | 1,583,000,000 | 2,381,000,000 | 2,398,000,000 | 2,158,000,000 | 2,343,000,000 | 2,663,000,000 |
| Cash at the End of the Period | 6,930,000,000 | 4,855,000,000 | 1,874,000,000 | 863,000,000 | 1,838,000,000 | 1,583,000,000 | 2,381,000,000 | 2,398,000,000 | 2,158,000,000 | 2,343,000,000 |
Profitability
| (%) | 30 Jun 2021 | 30 Jun 2020 | 30 Jun 2019 | 30 Jun 2018 | 30 Jun 2017 | 30 Jun 2016 | 30 Jun 2015 | 30 Jun 2014 | 30 Jun 2013 | 30 Jun 2012 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 69.5 | 55.2 | 48.7 | 28.4 | 42.1 | 28.5 | 13.4 | 40.4 | 36.7 | 39.9 |
| Operating Margin | 67.1 | 53.9 | 48.4 | 27.2 | 40.8 | 25.6 | 12.2 | 39.4 | 37.2 | 39.1 |
| Profit Margin | 46.2 | 36.9 | 32.0 | 12.7 | 24.8 | 13.9 | 3.7 | 23.3 | 21.5 | 23.3 |
Compare to
Management Effectiveness
| 30 Jun 2021 | 30 Jun 2020 | 30 Jun 2019 | 30 Jun 2018 | 30 Jun 2017 | 30 Jun 2016 | 30 Jun 2015 | 30 Jun 2014 | 30 Jun 2013 | 30 Jun 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Assets (%) | 36.3 | 20.2 | 16.2 | 4.9 | 10.9 | 5.1 | 1.5 | 12.1 | 8.4 | 10.3 |
| Return on Equity (%) | 58.0 | 35.8 | 30.1 | 9.0 | 21.5 | 11.7 | 4.2 | 36.1 | 33.0 | 41.4 |
| Current Ratio | 2.3 | 2.3 | 1.4 | 1.3 | 1.2 | 1.5 | 2.1 | 1.4 | 2.6 | 1.7 |
| Debt to Equity Ratio | 0.6 | 0.8 | 0.9 | 0.8 | 1.0 | 1.3 | 1.8 | 2.0 | 2.9 | 3.0 |
Compare to
Valuation
| 30 Jun 2021 | 30 Jun 2020 | 30 Jun 2019 | 30 Jun 2018 | 30 Jun 2017 | 30 Jun 2016 | 30 Jun 2015 | 30 Jun 2014 | 30 Jun 2013 | 30 Jun 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Share Price ($) | 23.34 | 13.85 | 9.02 | 4.39 | 5.22 | 3.50 | 1.91 | 4.35 | 3.04 | 4.90 |
| Ordinary Shares | 3,078,964,918 | 3,078,964,918 | 3,078,964,918 | 3,113,798,151 | 3,113,798,151 | 3,113,435,477 | 3,113,798,151 | 3,113,798,151 | 3,113,798,151 | 3,113,798,151 |
| Market Capitalisation ($) | 71,863,041,186 | 42,643,664,114 | 27,772,263,560 | 13,669,573,883 | 16,254,026,348 | 10,897,024,170 | 5,947,354,468 | 13,545,021,957 | 9,465,946,379 | 15,257,610,940 |
| Revenue per Share ($) | 7.24 | 4.16 | 3.24 | 2.21 | 2.71 | 2.27 | 2.75 | 3.77 | 2.61 | 2.15 |
| Earnings per Share ($) | 3.34 | 1.54 | 1.04 | 0.28 | 0.67 | 0.32 | 0.10 | 0.88 | 0.56 | 0.50 |
| Dividends per Share ($) | 1.85 | 0.63 | 0.72 | 0.28 | 0.24 | 0.04 | 0.11 | 0.19 | 0.04 | 0.08 |
| Dividend Yield (%) | 7.9 | 4.5 | 8.0 | 6.4 | 4.6 | 1.0 | 5.8 | 4.3 | 1.4 | 1.6 |
| Price to Sales Ratio | 3.2 | 3.3 | 2.8 | 2.0 | 1.9 | 1.5 | 0.7 | 1.2 | 1.2 | 2.3 |
| Price to Earnings Ratio | 7.0 | 9.0 | 8.7 | 15.6 | 7.8 | 11.1 | 18.8 | 4.9 | 5.4 | 9.8 |
| Price to Book Ratio | 4.1 | 3.2 | 2.6 | 1.4 | 1.7 | 1.3 | 0.8 | 1.8 | 1.8 | 4.1 |