Stocktoria

Fortescue Ltd FMG.AX

AU · Australian Securities Exchange · XASX · stock · Basic Materials · website

Fortescue Ltd statistics & valuation

Market cap$54.5B
P / E16.1×
P / S3.5×
P / B2.7×
Dividend yield5.24%
Net margin21.9%
Return on equity16.9%
Net debt$1.1B
Enterprise value$40.0B
Earnings yield EBIT/EV9%
Return on capital18%
Graham number -29.2%$12.66

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($12.66); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
35.80% 28.60% 31.40% 21.90% 2022202320242025
Gross margin (%)
64.30% 63.60% 63.70% 56.70% 2022202320242025
Operating margin (%)
52.10% 47.20% 46.20% 32.50% 2022202320242025
Return on equity (%)
35.70% 26.70% 29.10% 16.90% 2022202320242025
Shares outstanding
3.08B 3.08B 3.08B 3.08B 2022202320242025
Net debt ($)
$879.0M $1.03B $497.0M $1.11B 2022202320242025
Share buybacks ($)
$138.0M $151.0M $142.0M $163.0M 2022202320242025
Return on assets (%)
21.80% 17.00% 18.90% 11.10% 2022202320242025
Free cash flow margin (%)
2022202320242025
Debt / equity (×)
0.35× 0.30× 0.28× 0.27× 2022202320242025
EPS ($)
$2.01 $1.56 $1.84 $1.10 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Fortescue Ltd trades at about 16.3× earnings — above its 10-year norm (10-year range 9.1×–16.2×, median 13.9×).

9.1× 16.3×

Shaded band = 10-year range (9.1×–16.2×); dot = today's 16.3×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin56.7%63.7%63.6%64.3%
Operating margin32.5%46.2%47.2%52.1%
Net margin21.9%31.4%28.6%35.8%
Return on assets11.1%18.9%17.0%21.8%
Return on equity16.9%29.1%26.7%35.7%
Debt / equity0.24×0.23×0.25×0.30×
Current ratio2.432.672.472.85

Computed from company filings · AU · as of 2025-06-30. Figures in USD. Facts plus Stocktoria's own computed scores — not investment advice.