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Ferrexpo plc (FXPO.L)

Basic Materials Out of favour

Ferrexpo is a major UK-listed pellet producer digging iron ore out of Ukraine while navigating immense regional pressures.

By the Sterling Almanac editorial team · plain-English, education only · how we check the numbers

£0.29
≈ 29p · London-listed shares are usually quoted in pence (GBX) elsewhere; the Almanac shows pounds (£1 = 100p).

Is Ferrexpo plc a good stock for a UK beginner?

The honest version: Ferrexpo is a major UK-listed pellet producer digging iron ore out of Ukraine while navigating immense regional pressures.

No rating · no target price · nothing for sale here
Price-99.5%
52-week range-99% past year
£0.29
Low £0.00High £0.87
Where today's price sits versus its past year - context, not a signal.
If you had put £1,000 into Ferrexpo plc
£5-100%

Over about 2 years to 2026-07-30. This is the share price only; any dividends would add to it. Past performance is not a guide to the future, and it could just as easily have fallen.

Market cap: The company's total value on the stock market - share price times the number of shares. Big = 'large-cap', small = 'small-cap'.
£168.16M
Day range: The lowest and highest price the shares traded at during the latest day.
£0.29 – £0.29
52-week range: The lowest and highest the shares have traded over the past year - a sense of how wide the swings have been.
£0.00 – £0.87
Dividend yield: The yearly dividend as a percentage of the share price - roughly the income you'd earn from dividends alone.
0.0%
Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down.
0.61
How bumpy is it?Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down. 0.61
Calm
Wild
Steadier than most

Based on beta - how much the price swings versus the whole market. Bumpier isn't bad; it just means a rougher ride, which matters more the sooner you might need the money.

Why has it been moving?▲ +0% past week · ▼ -99% past year

Prices move on results, news and the mood of the whole market - no single headline explains a day, and a quiet week is usually just noise, not a signal.

The bull case

Full post-conflict reconstruction boom across Europe

The bear case

Permanent impairment of operating assets or insolvency risk

What does Ferrexpo plc do?

Operating out of central Ukraine, this business mines iron ore and turns it into high-grade pellets used by steelmakers across Europe. Money comes directly from selling these processed iron pellets to industrial clients, though the wartime backdrop heavily disrupts normal trade. Anyone looking at this situation needs to keep a very close eye on geopolitical developments and regional infrastructure stability.

VQGMI
Factor profile

On our factor screen it looks strongest on value and quality, and weakest on growth.

Value: How cheap the stock looks versus profits, sales and assets (higher = cheaper). 78Quality: How profitable and financially healthy the company is (higher = stronger). 32Growth: How fast revenue and earnings are growing (higher = faster). 3Momentum: How the share price has been trending recently (higher = stronger recent run). 24Income: The dividend income on offer and how sustainable it looks (higher = more/steadier). 9
Quick checks
What's strong
  • Value screens high (78/100)
  • Possesses valuable, high-grade iron ore deposits
  • Trades at a very low multiple relative to its physical assets
  • Maintains operational capability despite extreme wartime obstacles
What to watch
  • Growth screens low (3/100)
  • Momentum screens low (24/100)
  • Income screens low (9/100)
  • Constant physical and logistical threats tied to the location of operations
  • Volatile international iron ore prices

What do Ferrexpo plc's numbers mean?

Forward P/E
-3.9
A negative figure here signals that analysts expect the company to make a net loss over the coming year rather than a profit.
Price to Sales
0.2
This tiny ratio means the market values the entire company at just a fraction of its annual revenue, reflecting deep skepticism.
Gross Margin
29.0%
Even with heavy operational hurdles, the core mining work still brings in more than it costs to dig out the ore.

Does Ferrexpo plc pay a dividend?

No - Ferrexpo plc doesn't currently pay a dividend, so the whole return would rest on the share price. Plenty of growing companies reinvest their profits instead of paying them out - neither approach is better or worse, they're just different.

When does Ferrexpo plc report earnings, and how did recent quarters go?

Ferrexpo plc is next scheduled to report on about 2026-08-05 - dates can move, and we don't predict results; this just tells you when to look.

Each quarter a company reports its results against what analysts expected. ‘Beating’ or ‘missing’ is about that expectation, not whether the business is doing well in absolute terms.

See who else reports over the next two weeks →

Reported vs expected earnings per share (EPS) from published results; the expectation is the analyst consensus, not our view. Report dates are estimates that can move.

More in Basic Materials

CF IndustriesNewmontEndeavour MiningFresnilloNucorSteel Dynamics, Inc.Freeport-McMoRan Inc.Corteva, Inc.

What are the scenarios for Ferrexpo plc?

An illustrative range for the year ahead, with the assumption behind each case — not a prediction or a price target.

£85£0£-6today · £0▲ Bull · £0• Base · £0▼ Bear · £0in 1 yearILLUSTRATIVE · NOT A PREDICTION OR PRICE TARGET
Bull
+10% to +25%Sudden easing of transport routes or regional tensions
Base
-5% to +5%Continued bumpy operations amid ongoing regional friction
Bear
-20% to -40%Fresh disruptions to mining sites or logistics networks

What are the pros and cons of Ferrexpo plc?

3bull points
6bear points

How many points the write-up makes each way — a balance check, not a score or verdict.

The bull case3
  • Possesses valuable, high-grade iron ore deposits
  • Trades at a very low multiple relative to its physical assets
  • Maintains operational capability despite extreme wartime obstacles
The catch3
  • Recent net losses and negative return on equity: How much profit the company makes for each £1 shareholders have put in. Higher usually means a more efficient business. show heavy financial strain
  • Revenue has shrunk year-on-year
  • Dividend payments are currently paused entirely
Key risks3
  • Constant physical and logistical threats tied to the location of operations
  • Volatile international iron ore prices
  • Severe legal and governance challenges in the region
What would flip the thesis

The write-up's own warning lights — if these start happening, the case above changes.

Confidence: low · data: GBP · flags: pe, earnings_growth · Charts by TradingView Lightweight Charts™
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Built from public filings & market prices, checked for an education-only tone, and never a price target. How we make these →

This plain-English summary was auto-generated on 2026-08-02 from public data and checked for an education-only, no-advice tone (the figures above carry their own, usually fresher, 'as of' date). It's information, never a recommendation.

Figures as of 2026-08-02. Prices may be delayed and numbers can go stale - always double-check before acting.