FireFly Metals (AU:FFM)
ASX:FFM
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FireFly Metals
(Sydney:FFM)
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Select Model
Rating:49Neutral
Price Target:
AU$1.50
▼(-25.74% Downside)
Action:ReiteratedDate:02/10/26
The score is primarily constrained by the early-stage financial profile (no revenue, ongoing losses, and sustained negative free cash flow) despite a strong, low-leverage balance sheet. Technical indicators are mixed with slightly weak near-term momentum, and valuation is difficult to support due to negative earnings and no stated dividend yield.
Positive Factors
Low leverage
Very low leverage creates durable financial flexibility: with minimal debt burden the company can endure project development cycles, access capital on better terms, and avoid near-term solvency pressure. This structural strength supports long-term project optionality and lowers bankruptcy risk.
Negative Factors
Pre-revenue business
No revenue across reported periods means commercial viability and demand remain unproven; the business model lacks recurring cash inflows and cannot yet demonstrate margin sustainability. This structural absence of revenues forces persistent reliance on capital markets to fund operations.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Very low leverage creates durable financial flexibility: with minimal debt burden the company can endure project development cycles, access capital on better terms, and avoid near-term solvency pressure. This structural strength supports long-term project optionality and lowers bankruptcy risk.
Read all positive factors
FireFly Metals (FFM) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.61B
Dividend YieldN/A
Average Volume (3M)3.14M
Price to Earnings (P/E)―
Beta (1Y)2.74
Revenue GrowthN/A
EPS Growth73.09%
CountryAU
Employees12
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.02
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$2.36Price Target Upside16.79% 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
FireFly Metals Ltd engages in the exploration of mineral deposits in Australia and Canada. It primarily explores for gold and copper deposits. The company holds interest in the Green Bay copper-gold project in Newfoundland, Canada; and a 70% inter...
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
2.02
Price Trends
1.86
Positive
1.90
Positive
1.60
Positive
Market Momentum
0.04
Negative
58.95
Neutral
92.57
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 2.02 is above the 20-day moving average (MA) of 1.73, above the 50-day MA of 1.86, and above the 200-day MA of 1.60, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 58.95 is Neutral, neither overbought nor oversold. The STOCH value of 92.57 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 (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | AU$1.30B | 9.49 | 33.38% | ― | 45.73% | 716.15% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | AU$1.33B | -16.88 | -3.17% | ― | ― | 82.10% | |
49 Neutral | AU$1.61B | -475.00 | -4.41% | ― | ― | 73.09% | |
46 Neutral | AU$860.35M | -8.93 | -10.17% | ― | -100.00% | 89.10% | |
44 Neutral | AU$1.52B | -8.87 | -35.30% | ― | ― | -20.85% | |
43 Neutral | AU$1.65B | -4.01 | -19.36% | ― | 16.06% | -50.94% |
* Basic Materials Sector Average
AU:FFM
FireFly Metals
2.02
1.20
146.34%
AU:ARU
Arafura Resources
0.29
0.10
52.63%
AU:CXO
Core Lithium Ltd
0.29
0.22
326.47%
AU:MLX
Metals X Limited
1.41
0.89
172.82%
AU:IPX
Iperionx Limited
4.38
1.86
73.81%
AU:VUL
Vulcan Energy Resources Ltd.
3.69
-0.09
-2.41%
FireFly Metals Corporate Events
FireFly Metals to Return Capital via In‑Specie Distribution of Bellavista Shares
Mar 23, 2026
FireFly Metals has announced a return of capital to shareholders via an in‑specie distribution of securities in Bellavista Resources Ltd, an entity currently listed on the ASX under the ticker BVR. The move, structured as a non‑selecti...
FireFly Metals Calls 2026 Meeting to Approve In-Specie Capital Reduction
Mar 23, 2026
FireFly Metals has called a general meeting of shareholders for 22 April 2026 in West Perth, setting 20 April 2026 as the Australian share registration date and 23 March 2026 as the Canadian beneficial holder record date, reflecting its dual Austr...
UBS Group AG Exits Substantial Holder Position in FireFly Metals
Mar 10, 2026
UBS Group AG and its related entities have ceased to be substantial shareholders in FireFly Metals Limited, according to a notice lodged under Australian Corporations Law. The change was effective 6 March 2026, indicating UBS’s holding has f...
FireFly Metals Issues New Shares on Conversion of Employee Performance Rights
Mar 3, 2026
FireFly Metals has issued 251,419 fully paid ordinary shares following the conversion of 340,002 vested performance rights under its Employee Securities Incentive Plan, expanding its share base through equity-based employee rewards. The company co...
Firefly Metals Seeks ASX Quotation for Additional Ordinary Shares
Mar 3, 2026
Firefly Metals has applied to the ASX for quotation of 251,419 new ordinary fully paid shares, issued on 27 February 2026. The modest share issuance, stemming from exercised options or converted securities, slightly expands the company’s lis...
UBS Group AG Ceases to Be Substantial Holder in FireFly Metals
Mar 3, 2026
UBS Group AG and its related bodies corporate have notified FireFly Metals that they have ceased to be a substantial shareholder in the company as of 27 February 2026. The change in UBS’s holding, detailed in accompanying schedules, reduces ...
FireFly Metals Director Sees Lapse of Performance Rights After Vesting Conditions Missed
Feb 10, 2026
FireFly Metals has disclosed a change in the interests of director Michael Dylan Naylor, detailing an adjustment to his indirect holdings via entities associated with him and his spouse. The update is part of routine ASX compliance requirements an...
Firefly Metals Cancels Over 1.1 Million Unvested Performance Rights
Feb 10, 2026
Firefly Metals has notified the market that 1,147,346 performance rights, trading under the ASX code FFMAH, have lapsed. The rights ceased because the conditions attached to them were not met or can no longer be satisfied, resulting in a reduction...
FireFly Metals Seeks ASX Quotation for 33,334 New Shares
Feb 10, 2026
FireFly Metals has applied to the ASX for quotation of 33,334 new ordinary fully paid shares, with an issue date of 10 February 2026. The relatively small share issuance, arising from the exercise or conversion of existing securities, modestly inc...
UBS Group AG Ceases to Be Substantial Holder in FireFly Metals
Feb 5, 2026
UBS Group AG and its related entities have notified FireFly Metals Ltd that they have ceased to be a substantial shareholder in the company as of 3 February 2026, according to a statutory disclosure lodged under Australian corporations law. The ch...
Bellavista to Acquire Majority Stake in Canada’s Pickle Crow Gold Project and Raise A$25m for Exploration
Feb 2, 2026
Bellavista Resources has agreed to acquire FireFly Metals’ 70% stake in the Pickle Crow Gold Project in Ontario, Canada, and will exercise an option to lift its interest to 80%, along with securing extensive nearby exploration tenure in the ...
FireFly Metals Sells Ontario Gold Assets to Bellavista in A$86m Scrip Deal
Feb 2, 2026
FireFly Metals has agreed to sell its Ontario Gold Assets, comprising a 70% interest in the Pickle Crow Project (with rights to increase to 80%) and 100% of the Sioux Lookout Project, to ASX-listed Bellavista Resources for total consideration valu...
FireFly Metals Strengthens Green Bay Copper-Gold Project With Major Resource Upgrade and Funding Boost
Jan 30, 2026
FireFly Metals has reported a major upgrade to the Mineral Resource at its Green Bay Copper-Gold Project, lifting total resources to 50.4Mt at 2.0% copper equivalent in the Measured and Indicated categories and 29.3Mt at 2.5% copper equivalent in ...
UBS Group AG Ceases to Be Substantial Holder in FireFly Metals
Jan 16, 2026
UBS Group AG and its related bodies corporate have notified FireFly Metals Ltd that they have ceased to be a substantial shareholder in the company as of 14 January 2026, according to a Form 605 filing. The change signals a reduction in UBS’...
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.