Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Fortescue's share price for the quarter that ended in Dec. 2023 was $39.24. Fortescue's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 1,539 Mil. Therefore, Fortescue's market cap for the quarter that ended in Dec. 2023 was $60,409 Mil.
Fortescue's quarterly market cap
increased
from Dec. 2022 ($42,879 Mil) to Jun. 2023 ($45,609 Mil) and
increased
from Jun. 2023 ($45,609 Mil) to Dec. 2023 ($60,409 Mil).
Fortescue's annual market cap
declined
from Jun. 2021 ($53,960 Mil) to Jun. 2022 ($36,963 Mil) but then
increased
from Jun. 2022 ($36,963 Mil) to Jun. 2023 ($45,609 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Fortescue's Enterprise Value for Today is $51,963 Mil.
Fortescue Market Cap Historical Data
The historical data trend for Fortescue's Market Cap can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Other Industrial Metals & Mining subindustry, Fortescue's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Fortescue's Market Cap Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Fortescue's Market Cap distribution charts can be found below:
* The bar in red indicates where Fortescue's Market Cap falls into.
Fortescue Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Fortescue's Market Cap for the fiscal year that ended in Jun. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Fortescue (OTCPK:FSUGY) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Fortescue Market Cap Related Terms
Thank you for viewing the detailed overview of Fortescue's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Fortescue is an Australia-based iron ore miner. It has grown from obscurity start of 2008 to become the world's fourth-largest producer. Growth was fueled by debt, now repaid. Expansion from 55 million metric tons in fiscal 2012 to about 190 million metric tons in 2023 means Fortescue supplies nearly 10% of global seaborne iron ore. Further expansion above 200 million metric tons is likely once it completes construction of its 22 million metric tons Iron Bridge magnetite mine. However, with longer-term demand likely to decline as China's economy matures, we expect Fortescue's future margins to be below historical averages. More recently, Fortescue diversified into green energy, with ambitions to become a major supplier of green hydrogen and green ammonia. Its efforts are early stage.
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