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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. They are safely financed and are good value, but 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. Nippon Steel (XXL, JP)  Steel
1. Nippon Steel (XXL, JP)   Steel 95 47 73 94
2. Kobe Steel (XXL, JP)  Steel
2. Kobe Steel (XXL, JP)   Steel 97 42 72 94
3. SeAH Besteel (XL, KR)  Steel
3. SeAH Besteel (XL, KR)   Steel 77 73 42 83
4. Bluescope Steel (XL, AU)  Steel
4. Bluescope Steel (XL, AU)   Steel 39 52 92 74
5. JFE (XXL, JP)  Steel
5. JFE (XXL, JP)   Steel 100 37 46 70
6. Ta Chen Stainless Pipe (XL, TW)  Steel
6. Ta Chen Stainless Pipe (XL, TW)   Steel 69 69 39 65
7. Daido Steel (XL, JP)  Steel
7. Daido Steel (XL, JP)   Steel 87 1 86 61
8. Hyundai Steel (XXL, KR)  Steel
8. Hyundai Steel (XXL, KR)   Steel 67 75 27 59
9. Posco (XXL, KR)  Steel
9. Posco (XXL, KR)   Steel 69 18 52 30
10. China Steel (XL, TW)  Steel
10. China Steel (XL, TW)   Steel 21 82 1 19

June 12, 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 75 75 72 98
2. Downer EDI (XL, AU)  Diversified Support Services
2. Downer EDI (XL, AU)   Diversified Support Services 83 80 29 91
3. Amcor (XXL, AU)  Paper Packaging
3. Amcor (XXL, AU)   Paper Packaging 61 96 30 85
4. Suncorp (XL, AU)  Property & Casualty Insurance
4. Suncorp (XL, AU)   Property & Casualty Insurance 47 87 36 82
5. GrainCorp (XL, AU)  Food Distributors
5. GrainCorp (XL, AU)   Food Distributors 77 30 74 76
6. IAG (XL, AU)  Property & Casualty Insurance
6. IAG (XL, AU)   Property & Casualty Insurance 19 92 90 76
7. Bluescope Steel (XL, AU)  Steel
7. Bluescope Steel (XL, AU)   Steel 39 52 92 74
8. Commonwealth Bank of Australia (XXL, AU)  Diversified Banks
8. Commonwealth Bank of Australia (XXL, AU)   Diversified Banks 3 95 85 73
9. Metcash (XL, AU)  Food Distributors
9. Metcash (XL, AU)   Food Distributors 95 10 55 67
10. Medibank Private (XL, AU)  Life & Health Insurance
10. Medibank Private (XL, AU)   Life & Health Insurance 25 48 54 66

June 12, 2025


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Mid sized companies - similar industry as Fortescue

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. Dongkuk Steel Mill (L, KR)  Steel
1. Dongkuk Steel Mill (L, KR)   Steel 91 46 88 98
2. Chun Yuan Steel Industry (M, TW)  Steel
2. Chun Yuan Steel Industry (M, TW)   Steel 79 88 52 94
3. Mount Gibson Iron (M, AU)  Steel
3. Mount Gibson Iron (M, AU)   Steel 29 58 100 78
4. Tung Ho Steel (L, TW)  Steel
4. Tung Ho Steel (L, TW)   Steel 51 71 58 70
5. Yamato Kogyo (L, JP)  Steel
5. Yamato Kogyo (L, JP)   Steel 37 42 94 61
6. Maruichi Steel Tube (L, JP)  Steel
6. Maruichi Steel Tube (L, JP)   Steel 47 25 96 56
7. Coronado Global Resources (L, AU)  Steel
7. Coronado Global Resources (L, AU)   Steel 95 6 60 55
8. Froch Enterprise (M, TW)  Steel
8. Froch Enterprise (M, TW)   Steel 83 56 23 48
9. Feng Hsin Steel (L, TW)  Steel
9. Feng Hsin Steel (L, TW)   Steel 35 42 82 41
10. Champion Iron (L, AU)  Steel
10. Champion Iron (L, AU)   Steel 81 18 31 30

June 12, 2025


Mid sized companies - similar region as Fortescue

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. Resolute Mining (M, AU)  Gold Production
1. Resolute Mining (M, AU)   Gold Production 65 65 55 98
2. Westgold Resources (M, AU)  Gold Production
2. Westgold Resources (M, AU)   Gold Production 53 98 70 98
3. Australian Finance Group (M, AU)  Thrifts & Mortgage Finance
3. Australian Finance Group (M, AU)   Thrifts & Mortgage Finance 49 89 83 96
4. West African Resources (M, AU)  Gold Production
4. West African Resources (M, AU)   Gold Production 65 61 84 92
5. Nickel Mines (L, AU)  Diversified Metals & Mining
5. Nickel Mines (L, AU)   Diversified Metals & Mining 87 86 27 87
6. Monadelphous (L, AU)  Construction & Engineering
6. Monadelphous (L, AU)   Construction & Engineering 27 98 71 87
7. Beach (L, AU)  Oil & Gas Production
7. Beach (L, AU)   Oil & Gas Production 93 39 71 87
8. Baby Bunting Group (M, AU)  Specialty Stores
8. Baby Bunting Group (M, AU)   Specialty Stores 83 96 13 84
9. OceanaGold (L, AU)  Gold Production
9. OceanaGold (L, AU)   Gold Production 29 96 67 83
10. Emeco (M, AU)  Trading & Distribution
10. Emeco (M, AU)   Trading & Distribution 99 34 59 81

June 12, 2025



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