FMG 0.10% $19.17 fortescue ltd

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    The market will then look to the future and starting speculating about 100mtpa production. Let's do some really basic analysis here of what is a really basic business. Let's assume in fy10 that FMG produces 100mt at an average margin of $50t (conservative). That's EBIT of $5,000,000,000. FMG's pays some corporate tax (30% conservative) and that leaves NPAT around $3,500,000,000. FMG has 2,802,393,400 shares on issue, of which an amazing 70% are owned by just 5 parties and the top 20 shareholders own 92% (great idea to short that register structure). EPS works out $1.24 a share on that scenario and I think the market will pay an absolute minimum of 10x for that earnings stream. That generates a price target of $12.40 per FMG share.

    (great idea to short that register structure).(great idea to short that register structure).(great idea to short that register structure).
 
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Last
$19.17
Change
-0.020(0.10%)
Mkt cap ! $59.02B
Open High Low Value Volume
$19.22 $19.41 $19.13 $134.6M 6.997M

Buyers (Bids)

No. Vol. Price($)
1 52 $19.15
 

Sellers (Offers)

Price($) Vol. No.
$19.20 1239 2
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Last trade - 16.10pm 31/10/2024 (20 minute delay) ?
FMG (ASX) Chart
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