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Ferrexpo plcFXPO.LCompetitor analysis, valuation and peers

United Kingdom · GBP·Materials›Steel
Momentum laggard 5
Mkt cap
$453M
US dollars, full cap
Free float
45%
of shares outstanding
$/day
$611,663
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-12.8 pp
WACC 12.1%
Hurdle
n/a
no reverse DCF
Next earnings
131 days
17 Mar 2027
Close · GBP£32.50
1D+6.3%
1W+4.8%
1M+2.7%
3M-11.7%
6M-55.1%
YTD-56.1%
1Y-32.3%
ATR %7.0%
52w lowhigh62.7% off high

What Ferrexpo does

Employees: 7,570

Ferrexpo at a glance

Size Ferrexpo (FXPO.L) is a United Kingdom Materials company (Steel) with a market value of $453M, the 306th largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £32.50 on 6 Nov 2026.

Performance Over six months the shares fell 55.1%, against -12.0% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — 2nd lowest of 21 in its peer set.

Growth Revenue fell 38.8% over the last twelve months (peer median +0.6%); the operating margin is -1.1% (peer median 4.2%).

Valuation It trades at 0.8× enterprise value to sales against a peer median of 0.9× (11th cheapest of 21).

Capital Return on invested capital runs 12.8 points below its cost of capital (12.1% WACC).

Next results Next results expected around 17 Mar 2027 (exchange calendar; dates can move).

Relative performance

507510011 May 202611 Aug 20266 Nov 2026Peer median 88FXPO.L 44
Six months, rebased to 100: Ferrexpo against the median of its 20 peers (local-currency closes).

Ferrexpo financials

Reported figures in GBP; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue£396M£597M£730M£524M£1.01B
Revenue growth—-18%+39%-48%—
Gross profit£153M£215M£263M£233M£541M
EBITDA£30.7M£36.8M£63.3M£98.3M£376M
Net income-£31.9M-£170M-£39.2M-£68.2M£179M
Free cash flow-£18.2M-£33.2M-£4.46M£3.64M£115M
Capital expenditure£22.0M£37.2M£79.6M£81.5M£131M
Total debtn/a£8.19M£4.06M£5.45M£5.44M

Quarterly statements and history in the cockpit →

Ferrexpo competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-60%-40%-20%0%+20%-10%0%5440600408ELECTCAST20100030377231603315100090203130088154496051580581SURYAROSNI5480SAMBHV603500BANSALWIREKSL600581FXPO.L6-month return →1-month return →
Up and to the right = strong over both horizons. Ferrexpo is the large dot.

Fundamentals: revenue growth against valuation

-20%0%+20%1×2×3×5440600408ELECTCAST20100030377231603315100090203130088154496051580581SURYAROSNI5480SAMBHV603500BANSALWIREKSLFXPO.LRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Ferrexpo is the large dot.

Ferrexpo competitors and peer comparison

How Ferrexpo compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Ferrexpo against its 20 peers (data as of 6 Nov 2026)
MeasureFXPO.LPeer medianRank in peer set
1-month return+2.7%-9.0%4th highest of 21
6-month return-55.1%-12.0%2nd lowest of 21
Distance from 52-week high-62.7%-29.7%2nd lowest of 21
Revenue growth (TTM)-38.8%+0.6%lowest of 21
Operating margin-1.1%4.2%4th lowest of 21
EV / Sales0.8×0.9×11th cheapest of 21
ROIC minus cost of capital-12.8 pp-3.7 pp2nd lowest of 21
EV / EBITDA10.5×9.6×6th most expensive of 13
Net debt / EBITDA-0.5×1.6×3rd least indebted of 16

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Ferrexpo FXPO.LUnited Kingdom$453M-55%-39%-1%0.8×n/an/a
Kyoei Steel 5440.TJapan$455M-13%+7%4%0.3×-7.0%+6.8%
Shanxi Antai 600408.SSChina$456M-8%-5%-3%0.8×28.8%-10.7%
Electrosteel Castings ELECTCAST.NSIndia$450M-25%-16%2%0.7×12.6%+11.3%
Chun Yuan Steel Industry 2010.TWTaiwan$445M-8%+2%8%0.7×-11.7%+4.7%
Guangdong Sanhe Pile 003037.SZChina$466M-28%-9%1%0.8×n/an/a
Topy Industries 7231.TJapan$440M+1%+2%2%0.3×6.0%+5.8%
Liaoning Fu-An Heavy Industry 603315.SSChina$439M-46%-4%3%3.2×31.1%+7.5%
SK oceanplant 100090.KSSouth Korea$430M-62%-5%8%0.9×n/an/a
Hsin Kuang Steel 2031.TWTaiwan$418M+6%-3%8%1.4×1.3%+11.3%
Shengtak New Material 300881.SZChina$416M-50%+9%4%1.3×n/an/a
Osaka Steel 5449.TJapan$416M-11%-17%-2%0.8×n/an/a
Zhejiang Huada New Materials 605158.SSChina$496M-17%+22%0%0.7×0.1%+2.8%
China Oriental 0581.HKHong Kong$413M-31%0%2%0.2×n/an/a
Surya Roshni SURYAROSNI.NSIndia$500M-20%+12%5%0.6×20.2%+6.3%
Nippon Yakin Kogyo 5480.TJapan$504M+17%+1%9%0.9×-1.0%+6.0%
Sambhv Steel Tubes SAMBHV.NSIndia$510M+27%+42%10%1.8×n/an/a
Zhejiang Tiantai Xianghe Industrial 603500.SSChina$515M-3%+22%20%4.1×8.2%+25.0%
Bansal Wire Industries BANSALWIRE.NSIndia$517M+3%+20%6%1.1×31.6%+23.0%
Kalyani Steels KSL.NSIndia$392M-5%-5%17%2.0×19.1%+9.4%
Xinjiang Ba Yi Iron & Steel 600581.SSChina$526M-19%0%-8%0.9×n/an/a

Questions

Which companies are Ferrexpo's closest peers?
The cockpit's peer set: Kyoei Steel (5440.T), Shanxi Antai (600408.SS), Electrosteel Castings (ELECTCAST.NS), Chun Yuan Steel Industry (2010.TW), Guangdong Sanhe Pile (003037.SZ), Topy Industries (7231.T), Liaoning Fu-An Heavy Industry (603315.SS), SK oceanplant (100090.KS).
Is Ferrexpo expensive compared with its peers?
On ev / sales it trades at 0.8× against a peer median of 0.9×, 11th cheapest of 21 in its peer set.
How has Ferrexpo stock performed?
Over six months to 6 Nov 2026 the shares returned -55.1% against -12.0% for the median peer; over one year -32.3%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.