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Alternative stocks to Fortescue (ASX:FMG)


These are the alternatives to Fortescue that fall within the same industry, Steel, or region, Australia.

How to read the ranks

For every stock, we judge its performance against its peers and rank it on a scale of 1 to 100. The higher the rank, the better the stock performs than its peers. And, we do this for six investment strategies:

Value - shows how good of a value the stock is. Green is "inexpensive"; red is "expensive".

Growth - shows a company's growth potential. Green is "high growth" expected; red is "tough times ahead".

Safety - relates to the amount of debt a company has. Green is low debt level; red is high debt level.

Combined Financial - this isn't an average of the first three ranks but rather a consolidated view across several financial indicators. Green = good; red = tread carefully.

(NEW) Sentiment - quantifies professional analyst ratings and holdings as well as market pulse. Green = positive sentiment; red = skepticism (Only available to Premium Subscribers).

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See Fortescue Performance

Fortescue stock research in summary

fmgl.com.au


Fortescue shares have a market-typical stock price level. While they are safely financed, they are poor value, and show below average growth. We recommend evaluating whether the future of the company Fortescue is typical for this industry which the market average price level of the shares suggests. If you believe that the future of the company is above average, that could be an argument for buying the shares and vice versa.


Latest Obermatt Ranks


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Country Australia
Industry Steel
Index
Size class XX-Large

Large companies - similar industry as Fortescue

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. Kobe Steel (XXL, JP)  Steel
1. Kobe Steel (XXL, JP)   Steel 93 51 70 98
2. Nippon Steel (XXL, JP)  Steel
2. Nippon Steel (XXL, JP)   Steel 97 47 67 92
3. JFE (XXL, JP)  Steel
3. JFE (XXL, JP)   Steel 100 43 48 82
4. Bluescope Steel (XL, AU)  Steel
4. Bluescope Steel (XL, AU)   Steel 31 57 94 71
5. SeAH Besteel (XL, KR)  Steel
5. SeAH Besteel (XL, KR)   Steel 87 55 39 69
6. Daido Steel (XL, JP)  Steel
6. Daido Steel (XL, JP)   Steel 87 5 82 63
7. Hyundai Steel (XXL, KR)  Steel
7. Hyundai Steel (XXL, KR)   Steel 73 57 25 42
8. Ta Chen Stainless Pipe (XL, TW)  Steel
8. Ta Chen Stainless Pipe (XL, TW)   Steel 55 63 35 35
9. Posco (XXL, KR)  Steel
9. Posco (XXL, KR)   Steel 71 19 52 31
10. China Steel (XL, TW)  Steel
10. China Steel (XL, TW)   Steel 19 85 1 20

May 22, 2025

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It’s easier said than done. When your stock drops, it’s easy to want to sell it and find a better performer. Think twice, or even three times, before trading. Those fees (especially the hidden ones) can eat up your gains.

Large companies - similar region as Fortescue

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. AGL (XL, AU)  Multi-Utilities
1. AGL (XL, AU)   Multi-Utilities 76 77 72 98
2. Downer EDI (XL, AU)  Diversified Support Services
2. Downer EDI (XL, AU)   Diversified Support Services 86 85 34 91
3. Suncorp (XL, AU)  Property & Casualty Insurance
3. Suncorp (XL, AU)   Property & Casualty Insurance 40 83 36 82
4. GrainCorp (XL, AU)  Food Distributors
4. GrainCorp (XL, AU)   Food Distributors 77 37 76 80
5. Amcor (XXL, AU)  Paper Packaging
5. Amcor (XXL, AU)   Paper Packaging 45 100 32 78
6. IAG (XL, AU)  Property & Casualty Insurance
6. IAG (XL, AU)   Property & Casualty Insurance 23 93 90 76
7. Commonwealth Bank of Australia (XXL, AU)  Diversified Banks
7. Commonwealth Bank of Australia (XXL, AU)   Diversified Banks 3 93 85 76
8. Origin Energy (XL, AU)  Electric Utilities
8. Origin Energy (XL, AU)   Electric Utilities 62 41 72 72
9. Bluescope Steel (XL, AU)  Steel
9. Bluescope Steel (XL, AU)   Steel 31 57 94 71
10. South32 (XL, AU)  Diversified Metals & Mining
10. South32 (XL, AU)   Diversified Metals & Mining 71 61 49 68

May 22, 2025


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Mid sized companies - similar industry as Fortescue

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. Chun Yuan Steel Industry (M, TW)  Steel
1. Chun Yuan Steel Industry (M, TW)   Steel 81 93 50 94
2. Dongkuk Steel Mill (L, KR)  Steel
2. Dongkuk Steel Mill (L, KR)   Steel 89 27 88 88
3. Evergreen Steel (M, TW)  Steel
3. Evergreen Steel (M, TW)   Steel 33 73 86 82
4. Yamato Kogyo (L, JP)  Steel
4. Yamato Kogyo (L, JP)   Steel 43 49 94 75
5. Tung Ho Steel (L, TW)  Steel
5. Tung Ho Steel (L, TW)   Steel 47 77 58 69
6. Mount Gibson Iron (M, AU)  Steel
6. Mount Gibson Iron (M, AU)   Steel 25 37 100 54
7. Coronado Global Resources (L, AU)  Steel
7. Coronado Global Resources (L, AU)   Steel 93 9 55 51
8. Feng Hsin Steel (L, TW)  Steel
8. Feng Hsin Steel (L, TW)   Steel 35 49 79 50
9. Maruichi Steel Tube (L, JP)  Steel
9. Maruichi Steel Tube (L, JP)   Steel 45 15 96 44
10. Froch Enterprise (M, TW)  Steel
10. Froch Enterprise (M, TW)   Steel 73 65 18 42

May 22, 2025


Mid sized companies - similar region as Fortescue

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. Westgold Resources (M, AU)  Gold Production
1. Westgold Resources (M, AU)   Gold Production 69 99 70 98
2. Resolute Mining (M, AU)  Gold Production
2. Resolute Mining (M, AU)   Gold Production 63 81 55 98
3. Australian Finance Group (M, AU)  Thrifts & Mortgage Finance
3. Australian Finance Group (M, AU)   Thrifts & Mortgage Finance 55 87 85 96
4. West African Resources (M, AU)  Gold Production
4. West African Resources (M, AU)   Gold Production 67 73 84 94
5. Perseus (L, AU)  Gold Production
5. Perseus (L, AU)   Gold Production 35 69 96 88
6. Nickel Mines (L, AU)  Diversified Metals & Mining
6. Nickel Mines (L, AU)   Diversified Metals & Mining 87 87 25 86
7. Beach (L, AU)  Oil & Gas Production
7. Beach (L, AU)   Oil & Gas Production 95 39 73 84
8. Emeco (M, AU)  Trading & Distribution
8. Emeco (M, AU)   Trading & Distribution 100 29 64 84
9. OceanaGold (L, AU)  Gold Production
9. OceanaGold (L, AU)   Gold Production 41 85 69 84
10. Baby Bunting Group (M, AU)  Specialty Stores
10. Baby Bunting Group (M, AU)   Specialty Stores 77 97 15 82

May 22, 2025



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