Totally agree with Charlie view point. If we look at USD 100 Iron ore price, FMG would receive around USD $88. Currently FMG all in costs including debt are $73 USD. So margin of $15/MT USD or $20/MT AUD at 80 cents.
If producing 127M MT that is profit of 1.9B or eps of 68 cents per share. On 5x - 7x earnings that is $3.5 - $4.8.
That is $100 62% CFR China, what happens at $80?
At 90 62% FMG sells for $78 USD, margin is $5, eps $0.2 USD, AUD 0.8 $0.25
5x $1.25 7x $1.75 - $2.
However FMG have cash and assets so $2 could be worst case.
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Totally agree with Charlie view point. If we look at USD 100...
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$16.30 |
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Mkt cap ! $50.18B |
Open | High | Low | Value | Volume |
$16.00 | $16.53 | $16.00 | $202.0M | 12.41M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
---|---|---|
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View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 895 | 16.290 |
1 | 500 | 16.280 |
1 | 1 | 16.260 |
5 | 2000 | 16.250 |
1 | 382 | 16.230 |
Price($) | Vol. | No. |
---|---|---|
16.330 | 237 | 1 |
16.340 | 1385 | 4 |
16.350 | 600 | 1 |
16.360 | 2500 | 1 |
16.370 | 23066 | 1 |
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