Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

A buy-side analyst with over 15 years of experience investing in Asian markets and specializing in the mid-small cap space, emphasizing value investing in companies with good free cash flows/dividends and long-term holding horizons. 
Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd. It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity, Bottom-up Analyst

Fortescue Metals Group: 11% Dividend Yield for FY22

China Stimulus: Big Loan Growth Numbers, Good for FMG?

Fortescue: Iron Ore at $200/Ton, A Scenario Analysis

Fortescue Short-Term Better Risk Reward Emerging

Investics Research

It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity Bottom-up Research

Equity Bottom-Up

<p><a href="https://www.smartkarma.com/entities/fortescue-metals-group-ltd" target="_blank" data-smartkarma-citation="entities:41:1" rel="noopener">Fortescue Metals (FMG AU)</a> production reports and results are on the way. Given the strength in pricing, we forecast with the 62% Fe averaging 177$/ton for H2 2021; we see a 6.4 bn USD profit for H2 2021 and full-year profit over 10.5 bn USD. We also see them maintain an 85% payout ratio and distribute a dividend over 2.3 AUD/share, the full-year dividend almost representing a 15.5% yield. </p><p>As mentioned in my piece ( <a href="https://www.smartkarma.com/insights/core-correlations-14th-june-vale-shanxi-mine-closures-keep-iron-ore-prices-elevated-long-62" target="_blank" data-smartkarma-citation="insights:52950" rel="noopener">Core Correlations 14th June: Vale/ Shanxi Mine Closures Keep Iron Ore Prices Elevated. Long 62.</a> ), disruptions continue to provide a tailwind to pricing. We see a short-term upside of 15-20% on the stock into its production report and financial results.</p>

Fortescue Metals (FMG AU) production reports and results are on the way. Given the strength in pricing, we forecast with the 62% Fe averaging 177$/ton for H2 2021; we see a 6.4 bn USD profit for H2 2021 and full-year profit over 10.5 bn USD. We also see them maintain an 85% payout ratio and distribute a dividend over 2.3 AUD/share, the full-year dividend almost representing a 15.5% yield. As mentioned in my piece ( Core Correlations 14th June: Vale/ Shanxi Mine Closures Keep Iron Ore Prices Elevated. Long 62. ), disruptions continue to provide a tailwind to pricing. We see a short-term upside of 15-20% on the stock into its production report and financial results.

Fortescue: A Big Dividend Coming Your Way!