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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).
(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 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.
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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
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
|
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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