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May 25, 2023
This business could unlock a whole new industry, which is why I like its future. Tristan Harrison has been a contributor to The Motley Fool since October 2016. He has an advanced diploma from the Association of Accounting Technicians (UK) and is currently studying to be a Chartered Institute Management Accountant. Tristan's goal is to help Australians learn about the great businesses listed on the ASX that will help grow their portfolio, wealth and confidence about investments over the long term. He's a keen tennis fan and can't wait for the next Australian Open to roll around. Latest posts by Tristan Harrison ( see all ) Image source: Getty Images You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More Key points Fortescue is making good profits from iron ore, and it’s looking to expand into greener commodities It’s paying an attractive level of dividends to shareholders each year The ASX 200 share’s plans for green hydrogen make it an attractive business to me for the decades ahead The S&P/ASX 200 Index (ASX: XJO) share Fortescue Metals Group Ltd ( ASX: FMG ) is one of the larger positions in my portfolio and I’m planning to hold it forever. There are a few other ASX 200 shares that I own in my portfolio, such as Brickworks Limited ( ASX: BKW ) and Washington H. Soul Pattinson and Co. Ltd ( ASX: SOL ), which I also plan to own for the long term. But, Fortescue could be the most interesting ASX 200 share that I’m planning to own for a long time. Attractive mining business I think that Fortescue has proven over the past two decades to be one of the most effective ASX mining shares , perhaps one of the best in the world. It takes a lot of skill to create a large mining company from nothing. Fortescue has made billions of dollars of net profit after tax (NPAT) through mining iron ore. No one can say what the iron ore price will be in three, five, ten or twenty years from now. But, it has been an important commodity for a very long time and remains an integral commodity used in steel. The mining business could continue to generate lots of iron ore profit for many years to come, particularly with its new higher-grade Iron Bridge project, as well as the potential African expansion . I like the potential for the ASX 200 share to expand into mining other commodities such as lithium , and possibly copper through its exploration activities. While I’m not baking this into my thoughts on the business, its decarbonisation efforts could mean that it can produce ‘green’ iron ore, which could command a higher price than normal iron iore. Good dividends? Dividends are paid by the ASX 200 share from net profit generation. Net profit and dividends are not guaranteed at all, so I’m not basing my reason to hold the business forever on dividends. But, with how low the Fortescue price/earnings (P/E) ratio is normally trading at, this helps provide Fortescue with a very pleasing dividend yield . The ASX mining share has demonstrated a commitment to paying good dividends, and I think this will continue for the foreseeable future, even if profit isn’t as good as in the last few years. At the current Fortescue share price, it could pay a grossed-up dividend yield of 9.4% in FY24 and 7.3% in FY25, according to Commsec estimates. But, it could be stronger if the iron ore price goes higher than expected. Fortescue Future Industries (FFI) The ASX 200 share is rapidly expanding its non-mining operations with FFI. It acquired Williams Advanced Engineering (WAE) , a high-performance battery business. Fortescue hopes for this business to become a strong player in the global market in the coming years. The key push is for FFI to produce a large volume of green hydrogen and green ammonia. Hydrogen can be used as a fuel source. It can be produced emission-free by utilising renewable energy power for electrolysis, splitting water into hydrogen and oxygen. If it goes well, this could be the start of a large new global industry and Fortescue may be one of the biggest players. Scale could be key to achieving strong margins in this new sector. Time will tell how profitable FFI can become, but it’s currently very promising that it has signed up customers already such as E.ON, JCB and Ryze Hydrogen to purchase a sizeable amount of the planned green hydrogen production. The government also recently announced a $2 billion fund to help get some of the biggest green hydrogen projects off the ground. Fortescue could be one of the beneficiaries of this fund. The ASX 200 share’s production of green hydrogen and ammonia for heavy machinery, boats and planes could unlock decades of future earnings, which is why I’m confident about owning the company for the long term. Filed under:
Austral Bricks Frequently Asked Questions (FAQ)
Where is Austral Bricks's headquarters?
Austral Bricks's headquarters is located at 738 – 780 Wallgrove Road, Horsley Park.
Who are Austral Bricks's competitors?
Competitors of Austral Bricks include All About Bricks and 4 more.
Compare Austral Bricks to Competitors
Pine Hall Brick is a brick manufacturing company that specializes in face-brick, paver ace brick, and special-shaped brick. It was founded in 1922. It is based in Winston-Salem, North Carolina.
Alspec offers a range of aluminum window and door solutions for both commercial and residential projects. The company specializes in aluminum systems, windows and doors, security screens, aluminum extrusions, and aluminum rolled products. It was founded in 1974 and is based in Sydney, New South Wales.
TRILITY is an industry manufacturer that specializes in the delivery of water, wastewater, reuse, and bio-solids solutions across Australia and New Zealand’s municipal and industrial sectors. Its services include financing, design and construction, operations and maintenance, asset management, utility services, and modular solutions. It was founded in 1991 and is based in Adelaide, Australia.
All About Bricks operates as a brick manufacturer and supplier company. It serves a range of bricks, such as clay-facing bricks, bricks slips, arches, and more. The company was founded in 2000 and is based in Normanton, United Kingdom.
Australian Gas Infrastructure Group (AGIG) operates natural gas infrastructure that delivers gas to Australian homes, businesses, and communities. It specializes in transmission pipelines, hydrogen projects, gas storage and processing It distributes natural gas to customers in Australia and helps with a sustainable future with renewable gas. Australian Gas Infrastructure Group (AGIG) was founded in 2017 and is based in Adelaide, Australia.
Latrobe Magnesium (ASX:LMG) is a mining company. It extracts magnesium metal and by-products from magnesium-rich waste feedstocks. It produces magnesium metal from fly ash, which is a power plant waste product. It works to develop a magnesium production plant. It was founded in 1986 and is based in Sydney, Australia.
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