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 ($) 6.021
Market Cap ($m) 3,544
Enterprise Value ($m) 3,405
Shares Outstanding 588,624,142
Code FXPO LN

Recommendations

FV ($) ****
Upside (%) ****
Recommendation ****
Indicator 2017 2018 2019 2020E 2021E
Sales ($m) 1,197 1,274 *** *** ***
EBITDA ($m) 551 503 *** *** ***
Net Income ($m) 394 335 *** *** ***
Net Debt ($m) 394 339 *** *** ***
Indicator 2017 2018 2019 2020E 2021E
P/E 8.98 10.57 *** *** ***
P/Sales 2.96 2.78 *** *** ***
EV/EBITDA 7.2 7.7 *** *** ***
P/Book 5.76 4.09 *** *** ***

Latest news about Ferrexpo

Jul 16, 2021
| Iron Ore

Ferrexpo — Major shareholder put on international wanted list

Ukraine’s State Bureau of Investigation (SBI) announced yesterday it put Ferrexpo’s majority shareholder Kostyantyn Zhevago on an international wanted list over a probe into alleged embezzlement at Zhevago’s Finance and Credit Bank worth $113m. At the same time, Zhevago’s representative said he was not on the Interpol list and a relevant decision was not yet taken.
Jul 07, 2021
| Metals & Mining

Ferrexpo — Reports 1H21 operating results

Ferrexpo reported its 2Q21 operating results, with pellet production from own iron ore rising 5% q-o-q but dipping 0.8% y-o-y, to 2.8 Mt, with 65% pellet output up 3.2% q-o-q and down 2.9% y-o-y to 2.8 Mt and 67% pellets up 143% q-o-q to 85 kt (vs. zero in 2Q20). The company also produced 85 kt of merchant iron ore concentrate (+31% q-o-q and vs. none in 2Q20). Further, Ferrexpo reported completing upgrades to the third of its four pelletizer lines in June, expecting to finish work on the remaining line in 3Q21 to increase its total pelletizer capacity by 0.5-1.0 Mt p.a. In 1H21, total pellet sales stood at 5.6 Mt, in line with the period’s production volume but down 9% y-o-y.
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