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 ($) 2.016
Market Cap ($m) 1,187
Enterprise Value ($m) 1,414
Shares Outstanding 588,624,142
Code FXPO LN

Recommendations

FV ($) ****
Upside (%) ****
Recommendation ****
Indicator 2016 2017 2018 2019E 2020F
Sales ($m) 986 1,197 *** *** ***
EBITDA ($m) 375 551 *** *** ***
Net Income ($m) 189 394 *** *** ***
Net Debt ($m) 589 394 *** *** ***
Indicator 2016 2017 2018 2019E 2020F
P/E 6.27 3.01 *** *** ***
P/Sales 1.20 0.99 *** *** ***
EV/EBITDA 4.7 2.9 *** *** ***
P/Book 3.67 1.93 *** *** ***

Latest news about Ferrexpo

Dec 13, 2019
| Metals & Mining

Ferrexpo — Fitch upgrades to BB-

Fitch raised its long-term rating on Ferrexpo to BB- from B+ on the back of its upgrade of the Ukraine country ceiling from B- to B. The agency noted the company’s good operational performance, limited debt and smooth maturity profile. It assessed Ferrexpo’s business and financial profile as warranting a BB grade but took into account constraints posed by Ukraine’s operating environment and the company’s weak corporate governance score (due to a probe into earlier charity donations and a separate criminal investigation into the Ferrexpo majority shareholder’s former bank).
Dec 04, 2019
| Metals & Mining

Ferrexpo’s — Court issues arrest warrant for majority shareholder

A local court gave its permission to the State Bureau of Investigation (SBI) and the Prosecutor General’s Office to detain Ferrexpo’s majority shareholder Kostyantyn Zhevago, who is being investigated for alleged misappropriation of funds from Finance & Credit Bank.
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