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 ($)	0.665
Market Cap ($m)	391
Enterprise Value ($m)	285
Shares Outstanding	588,624,142
Code	FXPO LN

Recommendations

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

Indicator	2020	2021	2022	2023	2024
Sales ($m)	1,700	2,518	***	***	***
EBITDA ($m)	859	1,439	***	***	***
Net Income ($m)	635	871	***	***	***
Net Debt ($m)	(4)	(117)	***	***	***

Indicator	2020	2021	2022	2023	2024
P/E	0.62	0.45	***	***	***
P/Sales	0.23	0.16	***	***	***
EV/EBITDA	0.5	0.2	***	***	***
P/Book	0.26	0.21	***	***	***

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Latest news about Ferrexpo

Jun 30, 2025

| Metals & Mining

Ferrexpo — Fitch downgrades to CCC-

Fitch Ratings downgraded Ferrexpo’s Long-Term Issuer Default Rating (IDR) to CCC- from CCC+, citing a significant deterioration in operating liquidity and continued negative free cash flow following the suspension of VAT refunds earlier this year.

Jun 23, 2025

Week 174 — Russian offensive slows in Sumy, progresses around Pokrovsk; Russian aerial attacks a growing threat

Key highlights: Russian territorial gains dropped for the third consecutive week despite relentless assaults. Ukraine stopped Russian advances in Sumy region, but Russian gains in Donetsk continued. Russian aerial assaults pose a growing threat away from the front lines, with Kyiv enduring a mass drone and missile attack for the second consecutive weekend.