Companies

Ferrexpo

Ferrexpo is an LSE-listed producer and exporter of iron ore pellets. Its principal production facility is the Ukrainian iron ore mining company Poltavskiy GOK. The company owns significant iron ore reserves, making it one of the world’s largest pellet producers.

Shareholders Structure

SUMMARY

Market Price ($)	0.979
Market Cap ($m)	576
Enterprise Value ($m)	468
Shares Outstanding	588,624,142
Code	FXPO LN

Recommendations

FV ($)	****
Upside (%)	****
Recommendation	****

Indicator	2019	2020	2021	2022	2023
Sales ($m)	1,507	1,700	***	***	***
EBITDA ($m)	586	859	***	***	***
Net Income ($m)	403	635	***	***	***
Net Debt ($m)	281	(4)	***	***	***

Indicator	2019	2020	2021	2022	2023
P/E	1.43	0.91	***	***	***
P/Sales	0.38	0.34	***	***	***
EV/EBITDA	1.5	0.7	***	***	***
P/Book	0.43	0.39	***	***	***

Ferrexpo — Kyiv court grants motion to transfer 49.5% stake in Ferrexpo Poltava Mining to government agency

Ukraine’s State Bureau of Investigations (SBI) announced that the Pechersk District Court of Kyiv granted a motion filed by the Prosecutor General’s Office to transfer the corporate rights in 16 companies linked to Kostyantyn Zhevago to the state Asset Recovery and Management Agency (ARMA), including a 49.5% stake in Ferrexpo Poltava Mining. The assets were arrested in relation to a case involving alleged embezzlement of $113m from Finance & Credit Bank.

Feb 21, 2025

| Metals & Mining

Ferrexpo — Ukrainian authorities initiate nationalization of local assets

Ukraine’s State Bureau of Investigations (SBI) announced that it was preparing, jointly with the Ministry of Justice, to file an administrative lawsuit with the High Anticorruption Court requesting the nationalization of assets and a stake in Ferrexpo Poltava Mining.