FMG 5.04% $17.50 fortescue ltd

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    hey shooska, I calculate AUD$0.81c (as per the calculations below):

    FMG2H production: 88 million tonnes

    FMG2H average price received: Say USD$80 a tonne

    FMG'All in' cost: USD$45 a tonne (incl. C1, interest, depreciation)


    Net Profit: USD$3.08 BILLION

    AUD/USD Exchange Rate: $0.65c


    AUD 2H Profit: AUD$4.738 Billion

    AUDTax Paid (@30%): AUD$1.421 Billion

    NetProfit available for Dividend: AUD$3.317 Billion

    2HDividend @ 75% payout ratio (i.e 75% of $3.317 Billion) = AUD$2.488 Billion … or$0.81c a share

 
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$17.50
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3 5870 $17.48
 

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