FXPO results

FXPO (Ferrexpo) published its results today. The share price wobbled about today, but eventually decided to finish up 0.9% to 304.6p.

Free cash-flow is £177m ($250m, $353m operating flows, less $103m captial investment). Market cap is £1.78b, so it satisfies the criterion of P/FCF < 10 (although just). PBT is $450m, against net debt of $403m, so it meets my criterion for debt safety. It has a Stockopedia Stock Rank of 93, which provides an extra sanity check.

I hold, and rate it a “buy” based on what I have just seen. Let’s see in a year’s time, shall we?

Stay safe out there.



About mcturra2000

Computer programmer living in Scotland.
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