FMG 1.24% $21.59 fortescue ltd

FMG - the bull case, page-33

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    Hi jb.
    I am not an accountant but I just went through their annual report for the year ended 30 June 2021.
    For that year total revenue was USD19.9B for 182.2wmt shipped excluding shipping revenue. This equates to USD109 per tonne of ore as the price they actually recieved after the grade discount.
    Net profit was USD10.3B (approx AUD 13.7B @0.75 exchange rate).
    Dividends paid was AUD10.8B franked based on my maths of $3.58 for 3.03B shares so they paid out 79% of profits as dividends.

    So probably my dividend calculation is a bit high but I think yours it too low.
 
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