Employees: 7,570
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).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| 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 debt | n/a | £8.19M | £4.06M | £5.45M | £5.44M |
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.
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.
| Measure | FXPO.L | Peer median | Rank 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 / Sales | 0.8× | 0.9× | 11th cheapest of 21 |
| ROIC minus cost of capital | -12.8 pp | -3.7 pp | 2nd lowest of 21 |
| EV / EBITDA | 10.5× | 9.6× | 6th most expensive of 13 |
| Net debt / EBITDA | -0.5× | 1.6× | 3rd least indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ferrexpo FXPO.L | United Kingdom | $453M | -55% | -39% | -1% | 0.8× | n/a | n/a |
| Kyoei Steel 5440.T | Japan | $455M | -13% | +7% | 4% | 0.3× | -7.0% | +6.8% |
| Shanxi Antai 600408.SS | China | $456M | -8% | -5% | -3% | 0.8× | 28.8% | -10.7% |
| Electrosteel Castings ELECTCAST.NS | India | $450M | -25% | -16% | 2% | 0.7× | 12.6% | +11.3% |
| Chun Yuan Steel Industry 2010.TW | Taiwan | $445M | -8% | +2% | 8% | 0.7× | -11.7% | +4.7% |
| Guangdong Sanhe Pile 003037.SZ | China | $466M | -28% | -9% | 1% | 0.8× | n/a | n/a |
| Topy Industries 7231.T | Japan | $440M | +1% | +2% | 2% | 0.3× | 6.0% | +5.8% |
| Liaoning Fu-An Heavy Industry 603315.SS | China | $439M | -46% | -4% | 3% | 3.2× | 31.1% | +7.5% |
| SK oceanplant 100090.KS | South Korea | $430M | -62% | -5% | 8% | 0.9× | n/a | n/a |
| Hsin Kuang Steel 2031.TW | Taiwan | $418M | +6% | -3% | 8% | 1.4× | 1.3% | +11.3% |
| Shengtak New Material 300881.SZ | China | $416M | -50% | +9% | 4% | 1.3× | n/a | n/a |
| Osaka Steel 5449.T | Japan | $416M | -11% | -17% | -2% | 0.8× | n/a | n/a |
| Zhejiang Huada New Materials 605158.SS | China | $496M | -17% | +22% | 0% | 0.7× | 0.1% | +2.8% |
| China Oriental 0581.HK | Hong Kong | $413M | -31% | 0% | 2% | 0.2× | n/a | n/a |
| Surya Roshni SURYAROSNI.NS | India | $500M | -20% | +12% | 5% | 0.6× | 20.2% | +6.3% |
| Nippon Yakin Kogyo 5480.T | Japan | $504M | +17% | +1% | 9% | 0.9× | -1.0% | +6.0% |
| Sambhv Steel Tubes SAMBHV.NS | India | $510M | +27% | +42% | 10% | 1.8× | n/a | n/a |
| Zhejiang Tiantai Xianghe Industrial 603500.SS | China | $515M | -3% | +22% | 20% | 4.1× | 8.2% | +25.0% |
| Bansal Wire Industries BANSALWIRE.NS | India | $517M | +3% | +20% | 6% | 1.1× | 31.6% | +23.0% |
| Kalyani Steels KSL.NS | India | $392M | -5% | -5% | 17% | 2.0× | 19.1% | +9.4% |
| Xinjiang Ba Yi Iron & Steel 600581.SS | China | $526M | -19% | 0% | -8% | 0.9× | n/a | n/a |