Some useful content in Goldman's latest research:
I've consistently notice overtime analyst have trouble with FMG based on its Price/ Net Asset Value compared to competitors:
But it perplexes me as to why they focus on this because its free cash flow that matters, not some accounting value:
Iron ore price, page-52848
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Last
$22.68 |
Change
0.755(3.44%) |
Mkt cap ! $67.49B | |||
| Open | High | Low | Value | Volume |
| $22.38 | $22.73 | $22.26 | $59.06M | 2.622M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 12812 | $22.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.68 | 3011 | 12 |
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| Last trade - 11.58am 04/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |