Corporate Finance: FMG Company Analysis Report - FIN203

This report provides a comprehensive corporate finance analysis of Fortescue Metals Group (FMG). It begins with a company perspective, outlining its operations, opportunities, and threats. The analysis then delves into FMG's cash conversion cycle, examining its efficiency in managing working capital. Following this, the report evaluates bond valuation, considering factors like face value, coupon rate, and credit rating. The share price of FMG is determined using the dividend discount model. Finally, the report assesses capital budgeting for two hypothetical projects, Project A and Project B, by calculating their net present value (NPV) and internal rate of return (IRR) to determine their financial viability. The report utilizes financial data from various sources, including the 2017 Annual Report and Morningstar, to support its findings.