You should be looking at actual cashflow rather than accounting profit. Cash after all is king.
But putting that to one side, a company with a $15B market cap needs to generate its WACC to provide an expected return to shareholders. In FMGs case it needs to add value of around $1.5B over the next year in produced and/or future expected cash flows to meet those base expectations.
Iron ore price, page-857
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Last
$22.62 |
Change
0.700(3.19%) |
Mkt cap ! $69.64B | |||
| Open | High | Low | Value | Volume |
| $22.38 | $22.75 | $22.26 | $131.3M | 5.814M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 120 | $22.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.63 | 6416 | 3 |
View Market Depth
| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |