# Ferrexpo plc (FXPO.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Basic Materials / Metals & Mining. Price 31p, market value 180 millionp.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Ferrexpo plc reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 0.2×**. Each dollar of revenue is priced at 0.2×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 0.3×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **Free-cash-flow yield: -34.4%** (5-yr avg 0.2%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Gross margin: 40.7%**. Ferrexpo plc keeps 40.7% of revenue after the direct cost of what it sells.
- **Operating margin: -19.6%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -5.4%**. The company reported a net loss over the last twelve months.
- **Return on equity: -5.4%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -25.6%**. Return on all capital, debt included, is -25.6%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -23.3%**. Each dollar of assets produces -23.3% of profit.

## Growth
- **Revenue growth (1 yr): 43.2%** (3-yr -28.2%/yr, 5-yr -9.1%/yr). Revenue grew 43.2% over the last year, against -9.1% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 40.0%**. Earnings per share rose 40.0%, roughly in step with revenue.

## Financial health
- **Debt to equity: 0.01**. Debt is 0.01 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 0.6×**. It would take 0.6 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: -192.4×**. Operating profit covers interest only -192.4×: fragile.
- **Current ratio: 1.75** (quick 0.92). Current assets cover the next year's liabilities 1.75 times.
- **Altman Z-score: 2.49**. A Z-score of 2.49 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Ferrexpo plc does not currently pay a dividend.

## Price and momentum
- **Total return (1 yr): -40.0%** (YTD -56.8%). The shares are down 40.0% over twelve months including dividends.
- **From 52-week high: -64.8%** (10629.2% above the low). Trading 65% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 99**. An RSI of 99 is in overbought territory; short-term pullbacks are common from here.

Live score and charts: https://foliofundamentals.com/analyzer?s=FXPO.L · Page: https://foliofundamentals.com/stocks/fxpo.l

Not investment advice.