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FEEXF - Ferrexpo Is Printing Money At The Current Iron Ore Price
Ferrexpo Plc Ord
Introduction
Ferrexpo (OTCPK:FEEXF) (OTC:FEEXY) is a London-listed producer of iron ore pellets with an iron content of 62% and 65%. As iron ore prices are currently very high, Ferrexpo is converting the high revenue into high operating and free cash flows as well which allows it to rapidly decrease its net debt. There’s one caveat. The company’s mine and production facilities are located in the Ukraine, so the geopolitical tensions in the country will definitely have an impact on determining whether Ferrexpo is a value play or a value trap.