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 ($) 1.848
Market Cap ($m) 1,088
Enterprise Value ($m) 1,315
Shares Outstanding 588,624,142
Code FXPO LN

Recommendations

FV ($) ****
Upside (%) ****
Recommendation ****
Indicator 2016 2017 2018 2019E 2020E
Sales ($m) 986 1,197 *** *** ***
EBITDA ($m) 375 551 *** *** ***
Net Income ($m) 189 394 *** *** ***
Net Debt ($m) 589 394 *** *** ***
Indicator 2016 2017 2018 2019E 2020E
P/E 5.75 2.76 *** *** ***
P/Sales 1.10 0.91 *** *** ***
EV/EBITDA 4.5 2.7 *** *** ***
P/Book 3.36 1.77 *** *** ***

Latest news about Ferrexpo

Jan 31, 2020
| Iron Ore

Ferrexpo — Court restricts shares in Ukrainian subsidiary

Ferrexpo reported that a Ukrainian court placed a restriction on a 50.3% stake in the company Ferrexpo Poltava Mining (FPM), fully owned by Ferrexpo. The restriction does not affect ownership of the shares but prohibits them being transferred, the company said, adding it believed the court order was related to an ongoing investigation against Ferrexpo majority shareholder Kostyantyn Zhevago in connection with his former bank Finance and Credit.
Jan 14, 2020
| Iron Ore

Ferrexpo — Pellet production flat y-o-y in 2019

LSE-listed Ferrexpo reported 4Q19 pellet production of 2.6 Mt, up 3.5% q-o-q and down 5.0% y-o-y, with production of higher-quality 65% pellets up 3.8% q-o-q and down 4.4% y-o-y to 2.5 Mt (97% of total output) and that of 62% pellets down 3.3% q-o-q and down 54% y-o-y to 92 kt. The company produced pellets only from in-house iron ore over the period.
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