Insights

How have these ASX 200 iron ore shares performed since reporting results?

We look at how the big miners have been tracking since releasing their financial results
The post How have these ASX 200 iron ore shares performed since reporting results? appeared first on The Motley Fool Australia. –

The S&P/ASX 200 Index (ASX: XJO) iron ore giants all reported their financial results for 2021 (FY21) last month.

How their share prices have moved since reporting is important not just to investors in the big miners. It also impacts anyone investing in an ASX 200-tracking exchange-traded fund (ETF).

That’s because, when taken together, BHP Group Ltd (ASX: BHP), Rio Tinto Limited (ASX: RIO), and Fortescue Metals Group Limited (ASX: FMG) have enough firepower to help or hinder the broader index.

Below we look at a brief recap of the key results these 3 ASX 200 iron ore titans reported, as well as how they’ve been performing since.

One thing to keep in mind when looking at their performance is the sliding price of iron ore. On 17 August iron ore was trading for US$167 per tonne, according to data from Markets Insider. Today that same tonne is trading for US$129. That’s 23% lower in less than 1 month.

Go back just a few weeks further, to 30 July, and iron ore was trading at US$212 per tonne.

With that said…

How has BHP performed since reporting results?

BHP reported its FY21 results after market close on 17 August.

The core results included a 69% increase in underlying earnings before interest, taxes, depreciation, and amortisation (EBITDA) to US$37.4 billion.

The miner’s underlying attributable profit also leapt by 88% to US$17.1 billion, while net operating cash flow increased by 73% to US$27.2 billion.

The strong results enabled BHP to declare a final dividend of US$2.00 per share, fully franked. The full-year dividend of US$3.01 per share represented a 151% increase on FY20.

BHP also reported on its pending merger deal with Woodside Petroleum Limited (ASX: WPL).

ASX 200 investors would have had this data on hand at market open on 18 August. Despite the strong results, the BHP share price fell 7% on the day.

Though shares are edging higher today, they’re currently down 19% since BHP released its FY21 results.

And what about Fortescue?

Fortescue reported its FY21 results on 30 August.

The key metrics included a 74% leap in total revenue for the ASX 200 miner. Revenues hit US$22.3 billion, up from US$12.8 billion in FY20.

EBITDA also surged by 96%, to US$16.4 billion, compared to US$8.4 billion the prior year. This helped drive a 117% increase in net profit after tax (NPAT) to US$10.3 billion, up from US$4.7 billion in FY20.

Fortescue boosted its final dividend to $2.11 per share. The full-year dividend of $3.58 per share was up 103% year-on-year.

ASX 200 investors were clearly buoyed by the results, which saw the Fortescue share price gain 7% on the day.

But things have largely gone the other direction since then. Fortescue shares are down 1.79% in intraday trading today, and down 15% since the miner released its results.

How has ASX 200 miner Rio performed?

Unlike its 2 major ASX 200 rivals above, Rio released half-year results, not full year.

The results for the 6 months ending 30 June were released after market close on 28 July.

On the back of surging iron ore prices (which as mentioned above have since been in retreat), Rio reported a 71% increase in consolidated sales revenue from the prior corresponding half year, up to US$33.1 billion.

The miner’s free cash flow increased by an impressive 262% over the corresponding period, to US$10.2 billion.

All that cash saw Rio declare an interim dividend of $3.76 per share, fully franked, plus a fully franked special dividend of US$1.85 per share.

ASX 200 investors would have had time to pore over these results before market open on 29 July. And they appear to have liked what they read, sending the Rio share price up 1.5% on the day.

As with the other ASX 200 mining titans, Rio’s share price has come under pressure since then. Shares are down 19% since reporting its half-year results.

The post How have these ASX 200 iron ore shares performed since reporting results? appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

More reading

BHP (ASX:BHP) share price lifts following climate action plan release
Fortescue (ASX:FMG) share price struggles amid new production curbs in China
5 things to watch on the ASX 200 on Tuesday

Rio Tinto (ASX:RIO) share price grounded as US$2.4b lithium mine faces local opposition
Fortescue (ASX:FMG) shares bounce off 9-month low as iron ore sell-off continues

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!