Shares of FMG posted their first close above $4.50 since March 27th.
This time last year the share price was close to $6.50, which is about a 30% drop over the last 12 months
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We forecast earnings of about 50 cents per share in 2018, a decrease of 34% on the previous 12 months. This puts the current share price at a P/E ratio of 7.6 based on 2018 earnings.
The company currently has a market cap of just over $13 billion and $5.5 billion in debt. The forecast for 2018 EBITDA is around $6 billion, depending on stable Iron Ore prices.
These are just a sample of the key metrics which suggest FMG shares are undervalued and will offer investors good upside price performance over the medium-term.
Fortescue Metals Group
