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 ($)	0.963
Market Cap ($m)	567
Enterprise Value ($m)	461
Shares Outstanding	588,624,142
Code	FXPO LN

Recommendations

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

Indicator	2018	2019	2020	2021	2022
Sales ($m)	1,274	1,507	***	***	***
EBITDA ($m)	503	586	***	***	***
Net Income ($m)	335	403	***	***	***
Net Debt ($m)	339	281	***	***	***

Indicator	2018	2019	2020	2021	2022
P/E	1.69	1.41	***	***	***
P/Sales	0.44	0.38	***	***	***
EV/EBITDA	1.8	1.4	***	***	***
P/Book	0.65	0.42	***	***	***

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Latest news about Ferrexpo

Aug 02, 2023

| Iron Ore

Ferrexpo — Reports 1H23 EBITDA of $64m, operating cash flow up h-o-h

News: Ferrexpo published its 1H23 financial results, reporting net sales of $334m (+7% h-o-h and -64% y-o-y), EBITDA of $64m (-77% h-o-h, -87% y-o-y) and net income of $27m (-80% h-o-h, -67% y-o-y). The EBITDA margin came in at 19.2% (-70.0pp h-o-h, -37.2pp y-o-y) and net margin at 8.1% (-36.0pp h-o-h, -35.3pp y-o-y).

Jul 07, 2023

| Metals & Mining

Ferrexpo — Reports further improvement in quarterly output to 1.1Mt in 2Q23

Ferrexpo reported 2Q23 pellet production of 1.1 Mt (+18% q-o-q and -49% y-o-y), consisting entirely of 65% pellets and bringing 1H23 pellet production to 2.1 Mt (+56% h-o-h and -56% y-o-y). The concentrate production stood at 106 kt in 2Q23 (+96% q-o-q and +458% y-o-y) and 160 kt in 1H23 (+742% y-o-y and 52% h-o-h).

Frontmen Agency