Fortescue Ltd
Fortescue Ltd engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. The company explores for copper and lithium deposits; and rare earth elements. It owns and operates rail and port facilities; and focuses on producing green energy and green hydrogen, including derivatives comprising green ammonia, as well as green technolo… Read more
Fortescue Ltd (FMG) - Net Assets
Latest net assets as of June 2025: AU$19.96 Billion AUD
Based on the latest financial reports, Fortescue Ltd (FMG) has net assets worth AU$19.96 Billion AUD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$30.52 Billion) and total liabilities (AU$10.56 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$19.96 Billion |
| % of Total Assets | 65.4% |
| Annual Growth Rate | 36.51% |
| 5-Year Change | 12.52% |
| 10-Year Change | 136.93% |
| Growth Volatility | 237.57 |
Fortescue Ltd - Net Assets Trend (1989–2025)
This chart illustrates how Fortescue Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Fortescue Ltd (1989–2025)
The table below shows the annual net assets of Fortescue Ltd from 1989 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$19.96 Billion | +2.18% |
| 2024-06-30 | AU$19.53 Billion | +8.77% |
| 2023-06-30 | AU$17.96 Billion | +3.54% |
| 2022-06-30 | AU$17.34 Billion | -2.22% |
| 2021-06-30 | AU$17.74 Billion | +33.07% |
| 2020-06-30 | AU$13.33 Billion | +26.22% |
| 2019-06-30 | AU$10.56 Billion | +8.92% |
| 2018-06-30 | AU$9.70 Billion | -0.19% |
| 2017-06-30 | AU$9.71 Billion | +15.33% |
| 2016-06-30 | AU$8.42 Billion | +46.96% |
| 2015-06-30 | AU$5.73 Billion | -19.55% |
| 2014-06-30 | AU$7.12 Billion | +45.72% |
| 2013-06-30 | AU$4.89 Billion | +28.45% |
| 2012-06-30 | AU$3.81 Billion | +46.19% |
| 2011-06-30 | AU$2.60 Billion | +109.20% |
| 2010-06-30 | AU$1.24 Billion | +82.99% |
| 2009-06-30 | AU$680.08 Million | +145.15% |
| 2008-06-30 | AU$-1.51 Billion | -521.99% |
| 2007-06-30 | AU$356.91 Million | +375.30% |
| 2006-06-30 | AU$75.09 Million | +46.79% |
| 2005-06-30 | AU$51.15 Million | +639.24% |
| 2004-06-30 | AU$6.92 Million | +378.62% |
| 2003-06-30 | AU$1.45 Million | +73.29% |
| 2002-06-30 | AU$834.30K | +31.58% |
| 2001-06-30 | AU$634.08K | +4.55% |
| 2000-06-30 | AU$606.47K | +16.53% |
| 1999-06-30 | AU$520.42K | -17.32% |
| 1998-06-30 | AU$629.45K | -37.31% |
| 1997-06-30 | AU$1.00 Million | +505.86% |
| 1996-06-30 | AU$165.72K | -74.86% |
| 1995-06-30 | AU$659.06K | -19.14% |
| 1994-06-30 | AU$815.04K | +218.37% |
| 1993-06-30 | AU$-688.53K | +25.03% |
| 1992-06-30 | AU$-918.37K | -23.16% |
| 1991-06-30 | AU$-745.66K | -754.37% |
| 1990-06-30 | AU$113.95K | -58.09% |
| 1989-06-30 | AU$271.90K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Fortescue Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1886246493600.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$18.84 Billion | 94.25% |
| Common Stock | AU$1.09 Billion | 5.44% |
| Other Comprehensive Income | AU$62.00 Million | 0.31% |
| Total Equity | AU$19.98 Billion | 100.00% |
Fortescue Ltd Competitors by Market Cap
The table below lists competitors of Fortescue Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk
F:PTI
|
$19.22 Billion |
|
Li Auto Inc
NASDAQ:LI
|
$19.22 Billion |
|
Partners Group Holding AG
SW:PGHN
|
$19.27 Billion |
|
Anhui Conch Cement Co Ltd
PINK:AHCHY
|
$19.28 Billion |
|
CyberArk Software Ltd
NASDAQ:CYBR
|
$19.18 Billion |
|
XPO Logistics Inc
NYSE:XPO
|
$19.17 Billion |
|
NTPC Limited
NSE:NTPC
|
$19.17 Billion |
|
JAPAN POST BANK Co.Ltd
PINK:JPSTF
|
$19.10 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fortescue Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 19,552,000,000 to 19,983,999,999, a change of 431,999,999 (2.2%).
- Net income of 3,373,000,000 contributed positively to equity growth.
- Dividend payments of 2,851,000,000 reduced retained earnings.
- Share repurchases of 163,000,000 reduced equity.
- Other comprehensive income decreased equity by 113,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$3.37 Billion | +16.88% |
| Dividends Paid | AU$2.85 Billion | -14.27% |
| Share Repurchases | AU$163.00 Million | -0.82% |
| Other Comprehensive Income | AU$-113.00 Million | -0.57% |
| Other Changes | AU$186.00 Million | +0.93% |
| Total Change | AU$- | 2.21% |
Book Value vs Market Value Analysis
This analysis compares Fortescue Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.03x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 13399.78x to 3.03x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1989-06-30 | AU$0.00 | AU$19.69 | x |
| 1990-06-30 | AU$0.00 | AU$19.69 | x |
| 1991-06-30 | AU$0.00 | AU$19.69 | x |
| 1992-06-30 | AU$0.00 | AU$19.69 | x |
| 1993-06-30 | AU$0.00 | AU$19.69 | x |
| 1994-06-30 | AU$0.00 | AU$19.69 | x |
| 1995-06-30 | AU$0.00 | AU$19.69 | x |
| 1996-06-30 | AU$0.00 | AU$19.69 | x |
| 1997-06-30 | AU$0.00 | AU$19.69 | x |
| 1998-06-30 | AU$0.00 | AU$19.69 | x |
| 1999-06-30 | AU$0.00 | AU$19.69 | x |
| 2000-06-30 | AU$0.00 | AU$19.69 | x |
| 2001-06-30 | AU$0.00 | AU$19.69 | x |
| 2002-06-30 | AU$0.00 | AU$19.69 | x |
| 2003-06-30 | AU$0.00 | AU$19.69 | x |
| 2004-06-30 | AU$0.00 | AU$19.69 | x |
| 2005-06-30 | AU$0.03 | AU$19.69 | x |
| 2006-06-30 | AU$0.03 | AU$19.69 | x |
| 2007-06-30 | AU$0.14 | AU$19.69 | x |
| 2008-06-30 | AU$-0.93 | AU$19.69 | x |
| 2009-06-30 | AU$0.24 | AU$19.69 | x |
| 2010-06-30 | AU$0.40 | AU$19.69 | x |
| 2011-06-30 | AU$0.84 | AU$19.69 | x |
| 2012-06-30 | AU$1.22 | AU$19.69 | x |
| 2013-06-30 | AU$1.57 | AU$19.69 | x |
| 2014-06-30 | AU$2.28 | AU$19.69 | x |
| 2015-06-30 | AU$1.83 | AU$19.69 | x |
| 2016-06-30 | AU$2.70 | AU$19.69 | x |
| 2017-06-30 | AU$3.11 | AU$19.69 | x |
| 2018-06-30 | AU$3.10 | AU$19.69 | x |
| 2019-06-30 | AU$3.40 | AU$19.69 | x |
| 2020-06-30 | AU$4.31 | AU$19.69 | x |
| 2021-06-30 | AU$5.74 | AU$19.69 | x |
| 2022-06-30 | AU$5.62 | AU$19.69 | x |
| 2023-06-30 | AU$5.82 | AU$19.69 | x |
| 2024-06-30 | AU$6.34 | AU$19.69 | x |
| 2025-06-30 | AU$6.50 | AU$19.69 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fortescue Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.88%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.87%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 1.53x
- Recent ROE (16.88%) is above the historical average (-40.53%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1989 | -1363.03% | -138.34% | 2.08x | 4.73x | AU$-3.73 Million |
| 1990 | -208.87% | -886.84% | 0.03x | 9.08x | AU$-249.39K |
| 1991 | 0.00% | 0.00% | 0.00x | 0.00x | AU$-777.43K |
| 1992 | 0.00% | 0.00% | 0.00x | 0.00x | AU$-121.34K |
| 1993 | 0.00% | 0.00% | 0.00x | 0.00x | AU$-111.15K |
| 1994 | 44.32% | 0.00% | 0.00x | 1.09x | AU$279.73K |
| 1995 | -60.39% | 0.00% | 0.00x | 1.03x | AU$-463.91K |
| 1996 | -388.61% | 0.00% | 0.00x | 3.70x | AU$-660.57K |
| 1997 | 12.55% | 0.00% | 0.00x | 2.19x | AU$25.65K |
| 1998 | -23.19% | 0.00% | 0.00x | 1.60x | AU$-208.94K |
| 1999 | -40.16% | 0.00% | 0.00x | 1.49x | AU$-261.04K |
| 2000 | 5.00% | 1.85% | 1.85x | 1.46x | AU$-30.30K |
| 2001 | 58.28% | 53.40% | 0.85x | 1.28x | AU$306.15K |
| 2002 | -20.14% | -40.55% | 0.46x | 1.09x | AU$-251.43K |
| 2003 | -57.68% | -124.54% | 0.44x | 1.06x | AU$-978.58K |
| 2004 | 4.28% | 37.86% | 0.09x | 1.21x | AU$-396.02K |
| 2005 | -1.25% | -63.13% | 0.01x | 1.67x | AU$-5.75 Million |
| 2006 | -2.86% | -469.66% | 0.00x | 1.61x | AU$-9.66 Million |
| 2007 | -13.78% | 0.00% | 0.00x | 7.43x | AU$-84.88 Million |
| 2008 | 0.00% | -1303.55% | 0.04x | 0.00x | AU$-2.26 Billion |
| 2009 | 74.70% | 34.71% | 0.42x | 5.18x | AU$440.03 Million |
| 2010 | 46.68% | 21.41% | 0.61x | 3.59x | AU$456.50 Million |
| 2011 | 39.28% | 17.57% | 0.63x | 3.54x | AU$762.20 Million |
| 2012 | 40.96% | 23.05% | 0.44x | 4.00x | AU$1.18 Billion |
| 2013 | 35.74% | 23.44% | 0.39x | 3.95x | AU$1.26 Billion |
| 2014 | 38.39% | 23.51% | 0.54x | 3.00x | AU$2.02 Billion |
| 2015 | 5.54% | 3.78% | 0.52x | 2.84x | AU$-255.16 Million |
| 2016 | 11.70% | 13.82% | 0.36x | 2.35x | AU$143.13 Million |
| 2017 | 21.58% | 24.74% | 0.43x | 2.01x | AU$1.12 Billion |
| 2018 | 9.08% | 12.97% | 0.37x | 1.88x | AU$-89.26 Million |
| 2019 | 30.22% | 32.73% | 0.48x | 1.91x | AU$2.13 Billion |
| 2020 | 35.56% | 37.06% | 0.53x | 1.82x | AU$3.40 Billion |
| 2021 | 58.07% | 45.90% | 0.77x | 1.64x | AU$8.52 Billion |
| 2022 | 35.75% | 35.80% | 0.60x | 1.68x | AU$4.46 Billion |
| 2023 | 26.73% | 28.81% | 0.58x | 1.61x | AU$3.00 Billion |
| 2024 | 29.07% | 31.38% | 0.60x | 1.54x | AU$3.73 Billion |
| 2025 | 16.88% | 21.87% | 0.51x | 1.53x | AU$1.37 Billion |
Industry Comparison
This section compares Fortescue Ltd's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $4,989,684
- Average return on equity (ROE) among peers: -42.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fortescue Ltd (FMG) | AU$19.96 Billion | -1363.03% | 0.53x | $19.22 Billion |
| EXULTANT FPO [10X] (10X) | $5.63 Million | -1.35% | 0.01x | $1.11K |
| Morella Corporation Ltd (1MC) | $5.31 Million | 13.75% | 0.52x | $2.75 Million |
| 6K Additive Inc (6KA) | $-42.72 Million | 0.00% | 0.00x | $25.42 Million |
| Atlantic Lithium Ltd (A11) | $40.70 Million | -16.20% | 0.09x | $67.68 Million |
| African Gold Ltd (A1G) | $8.52 Million | -85.61% | 0.07x | $167.65 Million |
| Albright Metals Ltd (ABR) | $10.63 Million | -17.73% | 0.06x | $1.11 Million |
| Audalia Resources Ltd (ACP) | $3.17 Million | -142.26% | 12.89x | $893.85K |
| Accent Resources NL (ACS) | $1.87 Million | -166.61% | 2.43x | $211.71K |
| Acdc Metals Ltd (ADC) | $10.13 Million | -6.86% | 0.04x | $1.02 Million |
| Admiralty Resources NL (ADY) | $6.66 Million | 0.00% | 0.34x | $5.70 Million |