About
About Fortescue Metals Group Limited
Fortescue Ltd engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. The company explores for copper and lithium deposits; and rare earth elements. It owns and operates rail and port facilities; power system integrating solar and wind generation, battery energy storage systems, firming capability, and high voltage transmission infrastructures. The also company focuses on producing green energy and green hydrogen, including derivatives comprising green ammonia, as well as green technology development and manufacturing. The company was formerly known as Fortescue Metals Group Limited and changed its name to Fortescue Ltd in November 2023. Fortescue Ltd was incorporated in 1983 and is headquartered in Perth, Australia.
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5 years, 5 months ago
Fortescue Metals Group Limited is currently in a long term uptrend where the price is trading 10.7% above its 200 day moving average.
From a valuation standpoint, the stock is 99.6% cheaper than other stocks from the Basic Materials sector with a price to sales ratio of 2.9.
Fortescue Metals Group Limited's total revenue rose by 43.9% to $9B since the same quarter in the previous year.
Its net income has increased by 66.5% to $4B since the same quarter in the previous year.
Finally, its free cash flow grew by 90.7% to $1B since the same quarter in the previous year.
Based on the above factors, Fortescue Metals Group Limited gets an overall score of 5/5.