More stocks to consider
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).
(NEW) 360° View - the ultimate rating with all financial and non-financial indicators.
See Fortescue Performance
Fortescue stock research in summary
fmgl.com.au
Fortescue shares are less expensive than other comparable stocks. They are good value and are safely financed, but show below average growth. We recommend evaluating whether the future of the company Fortescue is really as difficult as the low price of the stock suggests. If you believe that the future of the company is market-typical or even better, then this could be an argument for a share purchase.
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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
|
95
|
|
75
|
|
52
|
|
96
|
|
|
2. SeAH Besteel (XL, KR) Steel
|
|
2. SeAH Besteel (XL, KR) Steel
|
87
|
|
75
|
|
43
|
|
90
|
|
|
3. Bluescope Steel (XL, AU) Steel
|
|
3. Bluescope Steel (XL, AU) Steel
|
45
|
|
53
|
|
92
|
|
82
|
|
|
4. Nippon Steel (XXL, JP) Steel
|
|
4. Nippon Steel (XXL, JP) Steel
|
95
|
|
19
|
|
63
|
|
59
|
|
|
5. JFE (XXL, JP) Steel
|
|
5. JFE (XXL, JP) Steel
|
99
|
|
25
|
|
49
|
|
57
|
|
|
6. Daido Steel (XL, JP) Steel
|
|
6. Daido Steel (XL, JP) Steel
|
77
|
|
3
|
|
88
|
|
55
|
|
|
7. Hyundai Steel (XXL, KR) Steel
|
|
7. Hyundai Steel (XXL, KR) Steel
|
73
|
|
59
|
|
26
|
|
47
|
|
|
8. Posco (XXL, KR) Steel
|
|
8. Posco (XXL, KR) Steel
|
67
|
|
27
|
|
55
|
|
41
|
|
|
9. Ta Chen Stainless Pipe (XL, TW) Steel
|
|
9. Ta Chen Stainless Pipe (XL, TW) Steel
|
35
|
|
77
|
|
22
|
|
26
|
|
|
10. China Steel (XL, TW) Steel
|
|
10. China Steel (XL, TW) Steel
|
17
|
|
87
|
|
6
|
|
16
|
|
May 1, 2025
Why popular stocks have low ratings
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
|
75
|
|
89
|
|
56
|
|
96
|
|
|
2. Downer EDI (XL, AU) Diversified Support Services
|
|
2. Downer EDI (XL, AU) Diversified Support Services
|
91
|
|
85
|
|
34
|
|
96
|
|
|
3. Suncorp (XL, AU) Property & Casualty Insurance
|
|
3. Suncorp (XL, AU) Property & Casualty Insurance
|
47
|
|
67
|
|
36
|
|
82
|
|
|
4. Bluescope Steel (XL, AU) Steel
|
|
4. Bluescope Steel (XL, AU) Steel
|
45
|
|
53
|
|
92
|
|
82
|
|
|
5. GrainCorp (XL, AU) Food Distributors
|
|
5. GrainCorp (XL, AU) Food Distributors
|
89
|
|
23
|
|
70
|
|
78
|
|
|
6. IAG (XL, AU) Property & Casualty Insurance
|
|
6. IAG (XL, AU) Property & Casualty Insurance
|
21
|
|
95
|
|
90
|
|
76
|
|
|
7. Qantas Airways (XXL, AU) Airlines
|
|
7. Qantas Airways (XXL, AU) Airlines
|
73
|
|
97
|
|
13
|
|
73
|
|
|
8. Amcor (XXL, AU) Paper Packaging
|
|
8. Amcor (XXL, AU) Paper Packaging
|
51
|
|
95
|
|
20
|
|
72
|
|
|
9. South32 (XL, AU) Diversified Metals & Mining
|
|
9. South32 (XL, AU) Diversified Metals & Mining
|
73
|
|
65
|
|
44
|
|
70
|
|
|
10. Medibank Private (XL, AU) Life & Health Insurance
|
|
10. Medibank Private (XL, AU) Life & Health Insurance
|
29
|
|
53
|
|
54
|
|
66
|
|
May 1, 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
|
77
|
|
91
|
|
55
|
|
100
|
|
|
2. Dongkuk Steel Mill (L, KR) Steel
|
|
2. Dongkuk Steel Mill (L, KR) Steel
|
91
|
|
27
|
|
86
|
|
84
|
|
|
3. Evergreen Steel (M, TW) Steel
|
|
3. Evergreen Steel (M, TW) Steel
|
47
|
|
67
|
|
80
|
|
84
|
|
|
4. Tung Ho Steel (L, TW) Steel
|
|
4. Tung Ho Steel (L, TW) Steel
|
51
|
|
75
|
|
63
|
|
80
|
|
|
5. Coronado Global Resources (L, AU) Steel
|
|
5. Coronado Global Resources (L, AU) Steel
|
89
|
|
5
|
|
86
|
|
69
|
|
|
6. Feng Hsin Steel (L, TW) Steel
|
|
6. Feng Hsin Steel (L, TW) Steel
|
35
|
|
63
|
|
82
|
|
63
|
|
|
7. Maruichi Steel Tube (L, JP) Steel
|
|
7. Maruichi Steel Tube (L, JP) Steel
|
59
|
|
21
|
|
96
|
|
61
|
|
|
8. Yamato Kogyo (L, JP) Steel
|
|
8. Yamato Kogyo (L, JP) Steel
|
37
|
|
43
|
|
96
|
|
59
|
|
|
9. Mount Gibson Iron (M, AU) Steel
|
|
9. Mount Gibson Iron (M, AU) Steel
|
23
|
|
35
|
|
100
|
|
49
|
|
|
10. Champion Iron (L, AU) Steel
|
|
10. Champion Iron (L, AU) Steel
|
81
|
|
13
|
|
43
|
|
37
|
|
May 1, 2025
Mid sized companies - similar region as Fortescue
| Similar Stocks |
VALUEVVV
|
GROWTHVV
|
SAFETYVV
|
COMBINED
|
|
1. West African Resources (M, AU) Gold Production
|
|
1. West African Resources (M, AU) Gold Production
|
57
|
|
83
|
|
82
|
|
98
|
|
|
2. Resolute Mining (M, AU) Gold Production
|
|
2. Resolute Mining (M, AU) Gold Production
|
61
|
|
47
|
|
55
|
|
98
|
|
|
3. Westgold Resources (M, AU) Gold Production
|
|
3. Westgold Resources (M, AU) Gold Production
|
45
|
|
100
|
|
65
|
|
94
|
|
|
4. Australian Finance Group (M, AU) Thrifts & Mortgage Finance
|
|
4. Australian Finance Group (M, AU) Thrifts & Mortgage Finance
|
57
|
|
78
|
|
81
|
|
94
|
|
|
5. Beach (L, AU) Oil & Gas Production
|
|
5. Beach (L, AU) Oil & Gas Production
|
100
|
|
41
|
|
73
|
|
92
|
|
|
6. Perseus (L, AU) Gold Production
|
|
6. Perseus (L, AU) Gold Production
|
31
|
|
77
|
|
96
|
|
90
|
|
|
7. Steadfast Group (L, AU) Insurance Brokers
|
|
7. Steadfast Group (L, AU) Insurance Brokers
|
11
|
|
99
|
|
69
|
|
88
|
|
|
8. Baby Bunting Group (M, AU) Specialty Stores
|
|
8. Baby Bunting Group (M, AU) Specialty Stores
|
95
|
|
88
|
|
12
|
|
83
|
|
|
9. CTM (M, AU) Hotels, Resorts & Cruise Lines
|
|
9. CTM (M, AU) Hotels, Resorts & Cruise Lines
|
63
|
|
40
|
|
81
|
|
79
|
|
|
10. Nufarm (L, AU) Fertilizers & Agricultural Chemicals
|
|
10. Nufarm (L, AU) Fertilizers & Agricultural Chemicals
|
65
|
|
81
|
|
53
|
|
77
|
|
May 1, 2025
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