Fortescue Ltd (FSUMF) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Fortescue Ltd $15.47, price $12.09, upside +28.0%, quality 63 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? Yes
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Fortescue Ltd
FSUMF · USUndervaluedThe stock appears undervalued with acceptable quality.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 28, 2026.
How to read this chart
60‑month range $3.11 – $16.60 · fair‑value band $11.18 – $22.75 · the $12.09 price screens below the $15.47 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 28, 2026.
Company profile
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.
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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 technology development and manufacturing. The company was formerly known as Fortescue Metals Group Limited and changed its name to Fortescue Ltd in November 2023. Fortescue Ltd was incorporated in 1983 and is headquartered in Perth, Australia.
Stock analysis
Fortescue Ltd (FSUMF) currently trades at $12.09, while our model-based Fair Value estimate is $15.47, implying the stock looks roughly 21.9% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $18.62 per share, and 11 of the 24 models we run sit above the $12.09 price.
Bear case: the Asset-Based group reads lowest at $4.34, and 13 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: $11.18 (bear) to $22.75 (bull), the price of $12.09 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 63/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Fortescue Ltd reported revenue of $15.4B in FY2025 versus $22.2B in FY2021, a compound −8.7%/yr. Reported net income was $3.4B in FY2025, compounding −24.3%/yr from FY2021.
Key figures
Market cap $45.6B · P/E ratio 10.0 · P/S ratio 2.19 · EPS (TTM) $1.21 · Dividend yield 6.8% · Net margin 21.9% · Return on equity 18.7% · Return on assets (EBIT) 31.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 27% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at 28%, FSUMF screens cheaper than that median.
Fair Value models
All 24 models by family
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Set up alert →Quality Score breakdown
Of which business quality 65 · Market factors (momentum, volatility) 47
Revenue & earnings trend
Growth Forecast
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Earlier news
- Inside Fortescue’s billion-dollar bet to decarbonize mining—and help rebuild Ukraine
- Australian indigenous group seeks $1.8B in appeal of Fortescue mining compensation ruling
- Fortescue (ASX:FMG) Shares May Be Fairly Valued After Green Metal Progress
- Fortescue (ASX:FMG) Looks Fully Valued After Earnings Dividend And Green Energy Update
Compare Fortescue Ltd with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Other Industrial Metals & Mining · 433 stocks
Valuation Multiplesvs Other Industrial Metals & Mining median · lower = cheaper
Context: sector, industry, market
- Is the Materials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Saudi Arabian Mining Company 1211 | 61.10 SAR | 67.21 SAR | +10% |
| CMOC Group 603993 | ¥17.08 | ¥19.15 | +12% |
| Hindustan Zinc Limited HINDZINC | ₹588.95 | ₹647.85 | +10% |
| China Tungsten And Hightech Materials Co 000657 | ¥57.18 | ¥29.56 | −48% |
| Korea Zinc Company 010130 | 1,116,000 KRW | 646,063 KRW | −42% |
| Boliden AB BOL | kr 521.00 | kr 464.45 | −11% |
| Western Mining Co 601168 | ¥35.19 | ¥38.71 | +10% |
| Ivanhoe Mines Ltd IVN | C$12.06 | C$4.46 | −63% |
| Xiamen Tungsten Co 600549 | ¥46.90 | ¥23.62 | −50% |
| Vedanta Limited VEDL | ₹266.35 | ₹655.92 | +146% |
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Key figures of Fortescue Ltd
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