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First Graphene Ltd
(Sydney:FGR)
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Rating:44Neutral
Price Target:
AU$0.06
▼(-6.67% Downside)
Action:Reiterated
Date:04/24/26
The score is primarily held back by weak financial quality—ongoing losses and negative operating/free cash flow outweigh strong revenue growth. Technicals are mixed (neutral momentum with a negative MACD), and valuation is constrained by negative earnings and no dividend data.
Positive Factors
Strong Revenue Growth
Sustained near-30% revenue growth indicates expanding customer adoption of graphene products across industrial applications. Over 2-6 months this supports scaling economics, improves leverage potential vs fixed costs, and underpins longer-term commercial traction independent of short-term market moves.
Negative Factors
Sustained Unprofitability
Consistent negative profitability indicates the company is not yet converting revenue into operating profit. Over months this constrains reinvestment, requires external capital or margin improvement, and raises execution risk around achieving scalable, sustainable margins.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Sustained near-30% revenue growth indicates expanding customer adoption of graphene products across industrial applications. Over 2-6 months this supports scaling economics, improves leverage potential vs fixed costs, and underpins longer-term commercial traction independent of short-term market moves.
Read all positive factors
First Graphene Ltd (FGR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$50.38M
Dividend YieldN/A
Average Volume (3M)976.63K
Price to Earnings (P/E)―
Beta (1Y)0.77
Revenue Growth59.14%
EPS Growth8.54%
CountryAU
Employees195
SectorBasic Materials
Sector Strength58
IndustryChemicals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding883,904,240
10 Day Avg. Volume824,445
30 Day Avg. Volume976,630
Financial Highlights & Ratios
PEG Ratio0.20
Price to Book (P/B)3.80
Price to Sales (P/S)36.47
P/FCF Ratio-6.14
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
First Graphene Ltd Business Overview & Revenue Model
Company Description
First Graphene Limited, an Australian enterprise, is actively engaged in the comprehensive lifecycle of graphene products, from initial research, development, and mining to their manufacture and global distribution. The company organizes its opera...
How the Company Makes Money
First Graphene makes money primarily by selling graphene materials and related product solutions to customers and partners for use in industrial formulations. Its main revenue stream is the sale of its graphene products (including PureGRAPH® graph...
First Graphene Ltd Financial Statement Overview
Summary
Income Statement
35
Negative
Balance Sheet
45
Neutral
Cash Flow
30
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 576.62K | 468.40K | 492.00K | 861.17K | 723.32K | 341.87K |
| Gross Profit | -489.72K | 17.86K | 100.74K | -542.17K | -103.61K | -18.59K |
| EBITDA | -3.20M | -3.72M | -5.07M | -5.01M | -5.71M | -6.19M |
| Net Income | -5.90M | -5.48M | -5.75M | -5.42M | -5.02M | -6.30M |
Balance Sheet | ||||||
| Total Assets | 9.79M | 8.08M | 9.64M | 11.71M | 15.42M | 15.99M |
| Cash, Cash Equivalents and Short-Term Investments | 4.90M | 2.61M | 3.16M | 3.23M | 7.00M | 7.08M |
| Total Debt | 670.22K | 3.07M | 3.55M | 4.59M | 6.31M | 5.29M |
| Total Liabilities | 971.20K | 3.59M | 4.04M | 4.86M | 7.04M | 6.77M |
| Stockholders Equity | 8.82M | 4.49M | 5.50M | 6.66M | 8.19M | 9.05M |
Cash Flow | ||||||
| Free Cash Flow | -1.84M | -2.78M | -2.87M | -3.54M | -4.49M | -8.62M |
| Operating Cash Flow | -1.80M | -2.72M | -2.82M | -3.40M | -4.40M | -7.07M |
| Investing Cash Flow | -141.21K | -163.47K | -52.48K | -139.80K | -90.58K | -1.52M |
| Financing Cash Flow | 5.58M | 2.37M | 2.81M | -236.67K | 4.42M | 7.62M |
First Graphene Ltd Technical Analysis
Negative
0.06
Price Trends
0.06
Negative
0.06
Negative
0.07
Negative
Market Momentum
>-0.01
Positive
42.45
Neutral
20.83
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:FGR, the sentiment is Negative. The current price of 0.06 is above the 20-day moving average (MA) of 0.06, below the 50-day MA of 0.06, and below the 200-day MA of 0.07, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 42.45 is Neutral, neither overbought nor oversold. The STOCH value of 20.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:FGR.
First Graphene Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | AU$2.03B | 32.28 | 11.36% | 3.54% | 8.28% | -11.27% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
50 Neutral | AU$30.33M | -4.39 | -82.31% | ― | 23.44% | 42.80% | |
47 Neutral | AU$5.34M | -0.29 | -35.91% | ― | ― | 59.65% | |
44 Neutral | AU$50.38M | -7.50 | -88.71% | ― | 59.14% | 8.54% | |
43 Neutral | AU$87.05M | -13.78 | -47.73% | ― | ― | 55.67% | |
42 Neutral | AU$25.72M | 12.86 | -159.53% | ― | ― | 65.79% |
* Basic Materials Sector Average
AU:FGR
First Graphene Ltd
0.06
0.02
40.00%
AU:FGH
Leaf Resources Limited
0.01
0.00
0.00%
AU:HZR
Hazer Group Ltd.
0.35
-0.02
-5.48%
AU:CG1
Carbonxt Group Ltd.
0.07
<0.01
4.55%
AU:ATC
Altech Chemicals Limited
0.01
-0.03
-75.00%
AU:RDX
Redox Limited
3.80
1.59
72.18%
First Graphene Ltd Corporate Events
First Graphene boosts global reach with new acquisitions and Chinese distribution deal
Jul 31, 2026
First Graphene reported unaudited quarterly income of about A$135,000, mainly from graphene sales in composites and development programs, alongside a 12% reduction in annual cash burn and an expected 13% rise in full-year revenue. These figures su...
First Graphene strikes China distribution deal for PureGRAPH cement additive
Jul 5, 2026
First Graphene Ltd, a listed Australian advanced materials producer with manufacturing in Western Australia and RD capabilities in the UK, is a leading supplier of high-purity graphene-based materials under its PureGRAPH brand. The company targets...
First Graphene plans investor webinar as U.S. expansion gathers pace
Jun 30, 2026
First Graphene Ltd, an ASX‑listed advanced materials supplier, develops and manufactures graphitic materials and graphene‑based product formulations for global industrial and technology markets. With production anchored in Western Aust...
First Graphene seals MITO acquisition to accelerate U.S. graphene growth
Jun 17, 2026
First Graphene has completed the acquisition of all assets, intellectual property, product lines and manufacturing equipment of U.S.-based MITO Material Solutions, adding four key graphene-enhanced product lines spanning thermosets, thermoplastics...
First Graphene Scales Up Commercial Graphene Production and Global Reach
Jun 4, 2026
First Graphene Ltd has established a commercial-scale graphene production facility with proprietary electrochemical exfoliation technology capable of producing up to 100 tonnes per annum. Its product suite spans graphene, graphene oxide and functi...
First Graphene Plans Placement of 5.7 Million New Shares on ASX
Jun 3, 2026
First Graphene Limited, an ASX-listed graphene materials company, has disclosed a proposed issue of 5,701,754 ordinary fully paid shares under a placement or similar capital-raising structure. The new securities, to be quoted under the FGR ticker,...
First Graphene outlines proposed share placement on ASX
Jun 3, 2026
First Graphene Limited has lodged details with the ASX for a proposed issue of up to 4,385,967 ordinary fully paid shares, to be conducted via a placement or similar mechanism. The company has indicated a proposed issue date of 11 June 2027, signa...
First Graphene buys U.S. graphene specialist MITO to fast‑track defence and aerospace push
Jun 3, 2026
First Graphene has agreed to acquire all assets, intellectual property, product lines and manufacturing equipment of U.S.‑based MITO Material Solutions, giving the Australian group a direct operational and commercial foothold in the world...
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.