About Fortescue Future Industries (FFI)
FFI is establishing a global portfolio of renewable green hydrogen and green ammonia projects with a target to supply 15 million tonnes per year of renewable green hydrogen by 2030, rising to 50 million tonnes per year in the decade thereafter.
Similarly, Is Fortescue Metals a good buy?
Fortescue Metals Group Limited engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. Excellent balance sheet, good value and pays a dividend.
Is Fortescue future industries part of Fortescue Metals? Fortescue Future Industries is a subsidiary of Fortescue Metals Group.
Thereof, Does Fortescue own FFI?
FFI is also leading the world effort to decarbonise hard-to-abate sectors and is responsible for the decarbonisation of one of the biggest resources companies in the world by 2030 – our parent company Fortescue Metals Group.
Who owns Fortescue Metals And what do they sell?
Fortescue Metals Group
| Ore-processing facility, Christmas Creek Mine, Pilbara | |
|---|---|
| Key people | Elizabeth Gaines (CEO) Andrew Forrest (Chairman) (majority shareholder) |
| Products | Iron ore, steel, gold, copper, lithium |
| Revenue | A$17.62 billion (2020) |
| Operating income | A$11.50 billion (2020) |
Is Fortescue overvalued?
The Fortescue Metals Group Limited (ASX: FMG) share price could be vastly overvalued and heading sharply lower. That’s the view of one leading broker which has reiterated its sell rating this morning.
Does Fortescue pay a dividend?
FY21 saw the business pay out a $3.58 dividend per share, up 103% from $1.76, after generating US$10.3 billion of net profit after tax (NPAT), which was up 117% from the previous year. At the current Fortescue share price, the FY21 annual dividend translates to a grossed-up dividend yield of 26.5%.
Who is the CEO of Fortescue Metals Group?
Elizabeth Gaines, CEO (Exec Team)
Ms Gaines has led Fortescue Metals Group Ltd as Chief Executive Officer and Executive Director since February 2018 after joining the Executive Team as Chief Financial Officer in February 2017 and serving on the Fortescue Board as a Non-Executive Director since 2013.
Is Twiggy Forrest a doctor?
Dr Forrest has a PhD in Marine Ecology from the University of Western Australia, and serves as an IUCN Patron of Nature, a World Economic Forum Friend of Ocean Action, and a member of the United Nations Environment Program’s Scientific Advisory Committee on the Assessment on Marine Litter and Microplastics.
Who is the CEO of FMG?
Growing up in Western Australia’s remote Kimberley has left its mark on how Fortescue boss Elizabeth Gaines sees the world and runs the company. She originally joined FMG as a board member in 2013, before taking on the chief financial officer role in 2017 and became chief executive officer in 2018.
Can you invest in FFI?
FFI Holdings shares (FFI) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian dollars. FFI Holdings has a trailing 12-month revenue of around $37.6 million. If you’re looking to buy shares, check out the steps below.
Is Fortescue ethical?
Ethical Conduct
Fortescue operates under a Code of Conduct and Integrity Policy which reflects the values that underpin the behaviour of the entire Fortescue family and our relationship with stakeholders.
What are the Fortescue values?
Fortescue values diversity and inclusivity and is committed to ensuring all its people are treated with dignity, courtesy and respect, irrespective of age, gender, race, sexual orientation, political or religious belief, culture, marital status, family commitments, physical or mental ability.
Is Fortescue a multinational company?
What does Fortescue Metals Group Limited do? Fortescue Metals Group Limited is a locally owned public company, that derives its revenue from the exploration, development, production, processing, and sale of iron ore.
What is a good PE ratio?
A higher P/E ratio shows that investors are willing to pay a higher share price today because of growth expectations in the future. The average P/E for the S&P 500 has historically ranged from 13 to 15. For example, a company with a current P/E of 25, above the S&P average, trades at 25 times earnings.
Why is Fortescue share price dropping?
The good news for shareholders is that the weakness in the Fortescue share price today has nothing to do with the iron ore price or concerns over its Fortescue Future Industries (FFI) business. Rather, this weakness has been caused by the company’s shares trading ex-dividend this morning for its latest dividend.
Why are Fortescue shares rising?
There are a number of reasons that have caused Fortescue shares to rise in recent times. The price of iron ore has accelerated, reaching US$113.50 a tonne at the time of writing. This is in sharp contrast to when the steel-making ingredient traded as low as US$90 a tonne in mid-November.
Does Fortescue have a DRP?
Under the Fortescue Metals Group Ltd (Fortescue) Dividend Reinvestment Plan (DRP), you may elect to have the dividends paid on some or all of your Fortescue shares automatically reinvested in additional Fortescue shares.
Will FMG pay a dividend in 2021?
Dividend Summary
| Status | Type | Pay date |
|---|---|---|
| Paid | Final | 30 Sep 2021 |
| Paid | Interim | 24 Mar 2021 |
| Paid | Final | 02 Oct 2020 |
| Paid | Interim | 06 Apr 2020 |
Is Fortescue dividend fully franked?
Over the last 12 months, Fortescue has paid dividends that amount to $3.58 over FY21. That’s a huge payout and amounts to a fully franked dividend yield of 25% at the latest Fortescue share price.
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