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
$26.61 |
Change
0.580(2.23%) |
Mkt cap ! $81.93B | |||
| Open | High | Low | Value | Volume |
| $26.32 | $26.61 | $26.10 | $130.7M | 4.939M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9149 | $26.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $26.61 | 103276 | 6 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
$26.55 |
Change
0.580 ( 2.17 %) |
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| Open | High | Low | Volume | ||
| $26.30 | $26.61 | $26.10 | 1169483 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
| FMG (ASX) Chart |