FMG 5.77% $22.72 fortescue metals group ltd

FMG Full-Year Dividend !!

  1. 1,304 Posts.
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    Morning folks.

    Good to see UBS lift its Target price for FMG this morning by a whopping 29% to $17.50

    Lets see how much the likes of JP Morgan, Citi, Credit Suisse, etc lift their under-valued target prices by over the next fortnight.

    To assist those fools, I have attached my revised Full-Year dividend estimates below:

    FMG2H production: 89 million tonnes

    FMGaverage price received: USD$81 a tonne

    FMG'All in' cost: USD$40 a tonne (incl. C1, interest, depreciation)

    2H Net Profit: USD$3.65 BILLION

    AUD/USDExchange Rate: $0.65c

    AUD 2H Profit: AUD$5.614 Billion

    AUDTax Paid (@30%): AUD$1.684 Billion

    NetProfit available for Dividend distribution: AUD$3.93 Billion

    Full-YearDividend @ 80% payout ratio (i.e 80% of $3.93 Billion) = AUD$3.144 Billion … or$1.02 a share

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Mkt cap ! $74.23B
Open High Low Value Volume
$22.25 $22.93 $22.13 $138.2M 6.407M

Buyers (Bids)

No. Vol. Price($)
8 1746 $22.71

Sellers (Offers)

Price($) Vol. No.
$22.72 9915 25
View Market Depth
Last trade - 12.37pm 01/03/2021 (20 minute delay) ?
-1.390 ( 6.26 %)
Open High Low Volume
$22.29 $22.93 $22.21 958956
Last updated 12.58pm 01/03/2021 (live) ?
FMG (ASX) Chart
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