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FAR Ltd
(Sydney:FAR)
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Rating:52Neutral
Price Target:
AU$0.29
▼(-2.33% Downside)
Action:Reiterated
Date:08/06/26
The score is held back primarily by weak financial performance (ongoing operating losses and persistent negative free cash flow) despite a conservative, low-debt balance sheet. Technicals are mildly supportive with the price above key moving averages and neutral momentum, while valuation is mixed due to a loss-making negative P/E and an unusually high dividend yield that may not be supported by cash flows.
Positive Factors
Very low leverage / conservative debt profile
Minimal debt materially lowers financial risk for an exploration & production company. This conservatism preserves optionality to fund exploration or capex, reduces bankruptcy risk in commodity cycles, and gives management time to pursue operational fixes without urgent refinancing pressure.
Negative Factors
Persistent negative operating and free cash flow
Ongoing cash burn undermines self-funding capacity and forces reliance on external capital or asset sales. That structural cash shortfall increases dilution or refinancing risk, constrains reinvestment in exploration/production, and limits the company's ability to convert growth into durable profits.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage / conservative debt profile
Minimal debt materially lowers financial risk for an exploration & production company. This conservatism preserves optionality to fund exploration or capex, reduces bankruptcy risk in commodity cycles, and gives management time to pursue operational fixes without urgent refinancing pressure.
Read all positive factors
FAR Ltd (FAR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$26.80M
Dividend Yield120.69%
Average Volume (3M)10.73K
Price to Earnings (P/E)―
Beta (1Y)-0.14
Revenue Growth52.30%
EPS Growth-102.42%
CountryAU
Employees3
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-0.01
Shares Outstanding92,409,645
10 Day Avg. Volume21,314
30 Day Avg. Volume10,726
Financial Highlights & Ratios
PEG Ratio0.24
Price to Book (P/B)0.62
Price to Sales (P/S)4.55
P/FCF Ratio-44.45
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
FAR Ltd Business Overview & Revenue Model
Company Description
FAR Limited is an oil and gas firm primarily engaged in exploration and development, with its core activities centered in West Africa and Australia. The company's portfolio includes exploration permits in both Gambia and Guinea-Bissau, in addition...
FAR Ltd Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
68
Positive
Cash Flow
24
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.63M | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -795.96K | 0.00 | -211.00K | -306.00K | -368.00K |
| EBITDA | -1.31M | -940.00K | -4.63M | -4.97M | -35.71M |
| Net Income | -1.03M | 44.08M | -6.54M | -5.19M | -44.78M |
Balance Sheet | |||||
| Total Assets | 41.13M | 46.95M | 3.08M | 52.30M | 57.05M |
| Cash, Cash Equivalents and Short-Term Investments | 1.93M | 1.73M | 2.95M | 33.72M | 55.46M |
| Total Debt | 0.00 | 27.93K | 177.56K | 612.00K | 70.74K |
| Total Liabilities | 32.38K | 86.83K | 285.32K | 2.63M | 17.42M |
| Stockholders Equity | 41.09M | 46.87M | 2.79M | 33.69M | 39.63M |
Cash Flow | |||||
| Free Cash Flow | -575.78K | -912.36K | -4.57M | -30.08M | -35.18M |
| Operating Cash Flow | -575.78K | -912.36K | -4.57M | -30.05M | -25.15M |
| Investing Cash Flow | 5.73M | 2.37K | 1.01M | 339.00K | 116.10M |
| Financing Cash Flow | -5.00M | -158.97K | -26.58M | -1.04M | -58.28M |
FAR Ltd Technical Analysis
Positive
0.30
Price Trends
0.29
Positive
0.28
Positive
0.24
Positive
Market Momentum
<0.01
Negative
74.48
Negative
48.72
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:FAR, the sentiment is Positive. The current price of 0.3 is above the 20-day moving average (MA) of 0.29, above the 50-day MA of 0.29, and above the 200-day MA of 0.24, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 74.48 is Negative, neither overbought nor oversold. The STOCH value of 48.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:FAR.
FAR Ltd Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | AU$73.01M | 15.98 | 15.05% | ― | 15.14% | 20.59% | |
70 Outperform | AU$35.90M | 13.33 | 2.91% | ― | 14.68% | -3.39% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
56 Neutral | AU$53.45M | 12.24 | 11.28% | ― | 29.92% | 6000.00% | |
52 Neutral | AU$26.80M | -19.04 | -2.42% | 118.64% | 52.30% | -102.42% | |
48 Neutral | AU$106.70M | -17.14 | -4.12% | ― | ― | -20.69% | |
47 Neutral | AU$61.45M | -13.79 | -5.81% | ― | ― | 34.09% |
* Energy Sector Average
AU:FAR
FAR Ltd
0.31
0.13
76.30%
AU:BRK
Brookside Energy
0.39
-0.02
-4.94%
AU:PVE
Po Valley Energy Limited
0.06
0.01
26.00%
AU:IVZ
Invictus Energy Limited
0.07
0.02
30.00%
AU:CTP
Central Petroleum Limited
0.06
<0.01
5.17%
AU:KKO
Kinetiko Energy Ltd.
0.04
-0.05
-54.65%
FAR Ltd Corporate Events
FAR Limited boosts shareholder returns as Sangomar contingent payments flow
Jul 30, 2026
Woodside Energy reported strong operating performance at the Sangomar field offshore Senegal in the June quarter, with average daily production of 99 Mbbl/d on a 100% basis and reliability of 99.3%, as reservoir performance continues to exceed exp...
ATO clarifies tax treatment of FAR Ltd’s June capital return
Jul 15, 2026
The Australian Taxation Office has issued a class ruling covering FAR Ltd’s 35-cent-per-share capital return paid in June 2026 to qualifying shareholders on the register as of 3 June. The ruling clarifies that this payment is treated as a re...
Harvest Lane trims substantial stake in FAR Ltd
Jul 10, 2026
Harvest Lane Asset Management has reduced its substantial shareholding in FAR Ltd, lodging an updated notice of its interest in the ASX-listed oil and gas explorer. The firm now controls 5,500,000 ordinary shares, cutting its voting power from 7.0...
FAR Limited shareholders back board, pay and capital return at 2026 AGM
May 28, 2026
FAR Limited has released the voting outcomes of its 2026 Annual General Meeting, detailing shareholder decisions on key resolutions including the adoption of the remuneration report, the re-election of director Andrew Lilley, and a proposed capita...
FAR advances Senegal contingent payouts and settles Woodside claim
May 28, 2026
FAR Limited used its 2026 Annual General Meeting to highlight continued progress in monetizing contingent payments from the 2021 sale of its RSSD Project interest in Senegal to Woodside Energy. The company received a provisional 2024 contingent pa...
FAR Limited appoints new Company Secretary to oversee ASX compliance
May 21, 2026
FAR Limited has announced the appointment of Ms Sonya Tissera as Company Secretary, effective 21 May 2026, following team changes at its corporate secretarial services provider, Vistra (Australia) Pty Ltd. She replaces Mr Michael Sapountzis, who w...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.