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FireFly Metals
(Sydney:FFM)
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Rating:50Neutral
Price Target:
AU$1.50
▼(-9.09% Downside)
Action:Reiterated
Date:05/01/26
The score is held back primarily by pre-revenue operations, ongoing losses, and sustained negative free cash flow. A strong, low-debt balance sheet provides solvency support, while technicals are broadly neutral with longer-term trend support but mild near-term weakness; valuation is difficult to support given negative earnings and no dividend.
Positive Factors
Low leverage balance sheet
Very low leverage reduces solvency and interest-rate risk and provides durable financial flexibility. For a pre-revenue industrial materials company, minimal debt preserves runway, lowers default risk, and supports strategic options like JV funding or staged development over the next several months.
Negative Factors
Pre-revenue business model
Zero reported revenue means the business has not yet validated commercial economics or generated operating cash inflows. Over the coming months this structural status sustains execution and market-adoption risk, making profitability and margin emergence contingent on future development milestones and financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage balance sheet
Very low leverage reduces solvency and interest-rate risk and provides durable financial flexibility. For a pre-revenue industrial materials company, minimal debt preserves runway, lowers default risk, and supports strategic options like JV funding or staged development over the next several months.
Read all positive factors
FireFly Metals (FFM) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.35B
Dividend YieldN/A
Average Volume (3M)3.14M
Price to Earnings (P/E)―
Beta (1Y)2.59
Revenue GrowthN/A
EPS Growth57.09%
CountryAU
Employees12
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.01
Shares Outstanding768,786,000
10 Day Avg. Volume4,736,304
30 Day Avg. Volume3,135,030
Financial Highlights & Ratios
PEG Ratio0.55
Price to Book (P/B)1.77
Price to Sales (P/S)0.00
P/FCF Ratio-8.02
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$2.46Price Target Upside49.09% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)-0.02
Revenue Forecast (FY)N/A
FireFly Metals Business Overview & Revenue Model
Company Description
Established in 2004 and based in West Perth, Australia, FireFly Metals Ltd focuses on the exploration and discovery of mineral deposits across Canada and Australia. The company primarily targets gold and copper resources in its ventures. Its key a...
How the Company Makes Money
null...
FireFly Metals Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
74
Positive
Cash Flow
26
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -1.78M | -4.16M | -3.02M | -554.20K | -99.31K | -55.81K |
| EBITDA | -22.29M | -16.29M | -20.62M | -2.92M | -3.06M | -3.31M |
| Net Income | -6.36M | -11.36M | -22.45M | -3.48M | -3.16M | -3.37M |
Balance Sheet | ||||||
| Total Assets | 543.34M | 368.12M | 249.01M | 85.90M | 83.69M | 61.90M |
| Cash, Cash Equivalents and Short-Term Investments | 247.88M | 106.75M | 40.68M | 6.02M | 13.59M | 21.79M |
| Total Debt | 2.05M | 1.44M | 2.00M | 1.84M | 71.26K | 264.89K |
| Total Liabilities | 28.86M | 24.50M | 43.28M | 4.37M | 9.55M | 6.75M |
| Stockholders Equity | 492.73M | 321.38M | 184.09M | 59.59M | 56.63M | 39.08M |
Cash Flow | ||||||
| Free Cash Flow | -39.65M | -70.75M | -72.32M | -16.13M | -26.69M | -11.94M |
| Operating Cash Flow | -8.20M | -7.06M | -13.65M | 1.18M | -6.32M | -2.49M |
| Investing Cash Flow | -78.93M | -63.69M | -61.48M | -17.59M | -21.95M | -9.46M |
| Financing Cash Flow | 241.91M | 133.26M | 107.39M | 8.87M | 19.69M | 28.81M |
FireFly Metals Technical Analysis
Positive
1.65
Price Trends
1.84
Positive
1.87
Positive
1.86
Positive
Market Momentum
<0.01
Negative
55.74
Neutral
82.95
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:FFM, the sentiment is Positive. The current price of 1.65 is below the 20-day moving average (MA) of 1.75, below the 50-day MA of 1.84, and below the 200-day MA of 1.86, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 55.74 is Neutral, neither overbought nor oversold. The STOCH value of 82.95 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:FFM.
FireFly Metals Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | AU$1.40B | 13.51 | 16.50% | ― | 30.24% | 4.06% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | AU$1.35B | -159.09 | -1.56% | ― | ― | 57.09% | |
48 Neutral | AU$1.09B | -42.86 | -3.17% | ― | ― | 81.58% | |
44 Neutral | AU$1.10B | -12.49 | -35.30% | ― | ― | -50.75% | |
43 Neutral | AU$1.13B | -5.17 | -8.07% | ― | -3.54% | -49.86% | |
42 Neutral | AU$776.83M | -22.86 | -10.17% | ― | -100.00% | 59.85% |
* General Sector Average
AU:FFM
FireFly Metals
1.90
0.85
80.27%
AU:ARU
Arafura Resources
0.20
>-0.01
-4.88%
AU:CXO
Core Lithium Ltd
0.29
0.17
147.83%
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Metals X Limited
1.85
1.26
213.56%
AU:IPX
Iperionx Limited
3.44
-2.45
-41.60%
AU:VUL
Vulcan Energy Resources Ltd.
2.86
-0.50
-14.75%
FireFly Metals Corporate Events
FireFly Metals Reaffirms Canadian Copper-Gold Resource Estimates
Aug 2, 2026
FireFly Metals has reaffirmed its previously reported mineral resource estimates and exploration results for its Canadian copper and gold projects, notably Green Bay, Ming and Little Deer. The company states there is no new information that materi...
FireFly Metals Targets High-Grade Core to Drive Green Bay Copper-Gold Restart
Aug 2, 2026
FireFly Metals has reported another batch of high-grade drilling results from its Green Bay Copper-Gold Project in Canada, with multiple thick intersections in the upper VMS, footwall and high-grade core zones. The infill program is designed to in...
FireFly boosts Green Bay copper-gold resource confidence with high-grade core assays
Jul 1, 2026
FireFly Metals has reported a new round of high-grade copper-equivalent assays from infill drilling at its Green Bay copper-gold project in Canada, highlighting thick, continuous mineralisation within an 800m-long high-grade core zone that remains...
S&P Dow Jones Indices Unveils June 2026 Rebalance of Key S&P/ASX Benchmarks
Jun 5, 2026
SP Dow Jones Indices has announced its June 2026 quarterly rebalance for the SP/ASX family of indices, effective before the market open on 22 June. The changes adjust index composition across major Australian benchmarks, reflecting shifts in marke...
ATO backs FireFly Metals’ tax treatment of Bellavista share distribution
Jun 3, 2026
FireFly Metals has secured an Australian Taxation Office class ruling confirming that its in-specie distribution of Bellavista Resources shares constitutes a return of capital rather than a dividend for eligible shareholders. For those holding Fir...
FireFly Metals completes in‑specie return of capital via Bellavista share distribution
May 11, 2026
FireFly Metals has updated the market on its previously announced return of capital by way of an in‑specie distribution of shares in Bellavista Resources Ltd, which is also listed on the ASX. The company confirmed that the distribution of Be...
FireFly completes in-specie distribution of Bellavista shares to shareholders
May 11, 2026
FireFly Metals has completed a pro-rata in-specie distribution of 60 million Bellavista Resources shares to eligible shareholders, following the sale of its Pickle Crow and Sioux Lookout projects in Ontario. Eligible investors receive roughly one ...
FireFly Metals Confirms Final Terms of Bellavista In‑Specie Capital Return
May 5, 2026
FireFly Metals has updated its previously announced return of capital, confirming the final ratio for an in specie distribution of shares it holds in Bellavista Resources Ltd to FireFly shareholders. The adjustment follows the 4 May 2026 record da...
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.