Yes this is a great report. Running some rough numbers on guidance given, if the IO price were to hold up at this level for the rest of the year we'd be looking at EPS of around $1.80 USD or around $2.70 AUD which is insane - PE of 3.3! And only a little less EPS than what the FMG share price was a year ago today.
Of course future years the D&A from Eliwana and Iron Bridge will kick in so long-term PE is less, and the biggest impact of all is obviously the IO price which could do anything over the northern winter. But with debt under control, excellent cost control and operational performance and a new, more diversified product mix, FMG looks in truly excellent shape.
Ann: Quarterly Production Report, page-8
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Last
$19.96 |
Change
-0.720(3.48%) |
Mkt cap ! $62.16B | |||
| Open | High | Low | Value | Volume |
| $20.18 | $20.38 | $19.96 | $247.8M | 12.31M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 66287 | $19.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.00 | 10809 | 2 |
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| Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |