First Graphene Ltd (FGR) AI Stock Analysis

• Market Cap: $21.72M
• Dividend Yield: N/A
• Average Volume (3M): 438.21K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.62
• Revenue Growth: -64.97%
• EPS Growth: 9.89%
• Country: AU
• Employees: 195
• Sector: Basic Materials
• Sector Strength: 68
• Industry: Chemicals
• EPS (TTM): >-0.01
• Shares Outstanding: 748,813,540
• 10 Day Avg. Volume: 828,468
• 30 Day Avg. Volume: 438,213
• PEG Ratio: -0.26
• Price to Book (P/B): 8.02
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -9.11
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 40 Underperform
• Price Target: AU$0.00 ▼(-100.00%Downside)

First Graphene Ltd's stock is rated low due to significant financial performance challenges, including negative profitability and cash flow issues. Technical analysis highlights bearish trends and weak momentum. The valuation is unattractive with a negative P/E ratio and no dividend yield, further contributing to the low score.

First Graphene Ltd Business Overview & Revenue Model

Company Description

First Graphene Limited engages in the research, development, mining, exploration, manufacture, and sale of graphene products in Australia. It operates through Graphene Production, Research and Development, and Mining Asset Maintenance segments. The company offers MB-LDPE graphene enhanced masterbatch, MB-EVA graphene enhanced masterbatch, MB-EVA bitumen graphene enhanced masterbatch, aqua pre-dispersed graphene additives, and nanoplatelet additives under the PureGRAPH brand. The company also develops and sells VFD, TTF, and other 2D devices and materials. Its products are used in the coating and inks, composite, elastomer, fire retardancy, concrete, textile, and energy storage applications. First Graphene Limited is headquartered in Henderson, Australia.

How the Company Makes Money

First Graphene Ltd generates revenue primarily through the sale of its graphene products to industries seeking to enhance their product offerings with advanced materials. The company's key revenue streams include direct product sales to manufacturers in sectors such as construction, automotive, and electronics, where graphene's unique properties can offer significant competitive advantages. Additionally, FGR collaborates with research institutions and commercial partners to develop customized graphene solutions, which can lead to licensing agreements and royalties. Strategic partnerships with industrial players also contribute to its earnings by expanding its market reach and application development.

First Graphene Ltd Financial Statement Overview

Summary

First Graphene Ltd faces significant challenges with profitability and cash flow, as evidenced by negative margins and cash flows. The balance sheet shows a manageable debt level, but the company needs to address operational inefficiencies and improve revenue generation to enhance financial stability.

Income Statement

First Graphene Ltd has shown a consistent struggle with profitability, evidenced by negative net income over recent years. The net profit margin remains negative, and revenue has declined by 51.0% in the last year. Gross profit margins are also low, indicating challenges in managing production costs relative to sales.

Balance Sheet

The company's balance sheet reflects a moderate debt-to-equity ratio of 0.65, suggesting a balanced approach to leverage. However, the return on equity is negative due to sustained losses, and the equity ratio of 57.1% is relatively stable, showing a strong equity buffer relative to assets.

Cash Flow

First Graphene Ltd's cash flow statement indicates consistent negative free cash flow, highlighting issues in generating cash from operations. The operating cash flow to net income ratio is negative, exacerbating concerns over cash generation. However, the company has managed some cash inflows from financing activities.

Breakdown
TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
362.34K	492.00K	1.00M	723.32K	341.87K	289.77K
	Gross Profit
-190.58K	100.74K	-399.92K	-103.61K	-18.59K	-245.91K
	EBIT
-5.86M	-6.00M	-5.59M	-5.97M	-7.22M	-6.79M
	EBITDA
-4.16M	-4.29M	-4.16M	-4.80M	-6.19M	-5.26M
	Net Income Common Stockholders
-5.45M	-6.33M	-5.42M	-5.02M	-6.30M	-5.24M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.32M	3.16M	3.23M	7.00M	7.08M	8.05M
	Total Assets
7.17M	9.64M	11.71M	15.42M	15.99M	14.11M
	Total Debt
3.36M	3.55M	4.15M	6.31M	5.29M	225.79K
	Net Debt
2.04M	387.70K	926.70K	-690.98K	-1.78M	-7.83M
	Total Liabilities
3.76M	4.04M	4.86M	7.04M	6.77M	1.86M
	Stockholders Equity
3.32M	5.50M	6.66M	8.19M	9.05M	12.13M
Cash Flow		Free Cash Flow
-3.29M	-2.87M	-3.54M	-4.49M	-8.62M	-5.91M
	Operating Cash Flow
-3.19M	-2.82M	-3.40M	-4.40M	-7.07M	-4.74M
	Investing Cash Flow
-93.77K	-52.48K	-139.80K	-90.58K	-1.52M	-1.31M
	Financing Cash Flow
171.76K	2.81M	-236.67K	4.42M	7.62M	10.43M

First Graphene Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.03
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: 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 0.03 is below the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.04, and below the 200-day MA of 0.04, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 36.11 is Neutral, neither overbought nor oversold. The STOCH value of 29.17 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	51 Neutral	$2.04B	-1.15	-21.24%	3.95%	2.91%	-30.44%
HZR	49 Neutral	AU$88.75M	―	-182.18%	―	―	45.43%
CG1	46 Neutral	AU$18.84M	―	-73.56%	―	-6.15%	-12.45%
SPN	41 Neutral	AU$18.13M	―	-113.38%	―	―	44.09%
FGR	40 Underperform	$21.72M	―	-96.97%	―	-64.97%	9.89%
VRC	33 Underperform	AU$23.42M	―	-16.04%	―	―	69.23%
LMG	32 Underperform	AU$26.27M	―	-0.86%	―	―	97.62%

First Graphene Ltd Corporate Events

First Graphene Ltd Appoints New External Auditor

First Graphene Limited has appointed PKF Perth as its new external auditor, effective from June 3, 2025, following the resignation of BDO Audit Pty Ltd. This change comes after a competitive tender process, and a resolution to ratify the appointment will be proposed at the company’s 2025 Annual General Meeting. The transition to PKF Perth is part of First Graphene’s ongoing efforts to enhance its corporate governance and operational efficiency, potentially impacting its industry positioning positively by ensuring rigorous financial oversight.

First Graphene Ltd Reports Concentrated Ownership in Latest Holdings Update

First Graphene Ltd has released a holdings range report for its listed options, indicating a significant concentration of ownership among larger stakeholders. The report shows that a majority of the issued share capital is held by a small number of investors, which could impact the company’s market dynamics and influence strategic decisions.

First Graphene Ltd Reveals Top Holders in Latest Report

First Graphene Ltd has released its top holders report, highlighting the distribution of its listed options. The report indicates that BNP Paribas Nominees Pty Ltd holds the largest share at 23.11%, followed by Time Valuations Pty Ltd and Debt Management Asia Corporation. This distribution of holdings reflects the company’s shareholder landscape and may influence future strategic decisions and investor relations.

First Graphene Concludes Entitlement Shortfall Offer with New Options

First Graphene Limited announced the closure of its Non-Renounceable Entitlement Shortfall Offer, receiving applications for 4,750,000 New Options, raising an additional $23,750. This development is part of the company’s strategy to place the remaining shortfall of New Options, which supports its ongoing operations and market positioning in the advanced materials industry.

First Graphene Limited Announces Quotation of New Securities

First Graphene Limited has announced the quotation of 50,000 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of May 20, 2025. This move is part of the company’s ongoing efforts to enhance its market presence and provide additional value to its stakeholders, potentially impacting its operational capabilities and industry positioning positively.

First Graphene Secures Deal for Graphene-Enhanced Safety Boots in Southeast Asia

First Graphene Limited has entered into a multi-year agreement with Indonesian manufacturer PT Alasmas Berkat Utama to supply PureGRAPH® for the production of graphene-enhanced safety boots under the KRUSHERS® brand. This exclusive deal, aimed at the Southeast Asia mining industry, involves the supply of approximately 2.5 tonnes of PureGRAPH® 10 masterbatch over two years, enhancing the durability and lifespan of safety footwear. The collaboration with PT Alasmas Berkat Utama and strategic partner Duromer highlights First Graphene’s expanding influence in the global apparel market, driven by increased demand for durable safety wear. The agreement is expected to bolster First Graphene’s industry positioning by showcasing the benefits of graphene in improving workwear resilience in harsh conditions.

First Graphene Ltd Announces Quotation of New Securities on ASX

First Graphene Ltd has announced the quotation of 92,300 new ordinary fully paid securities on the Australian Securities Exchange (ASX) as of April 16, 2025. This move is part of the company’s strategy to enhance its capital structure and potentially improve its market positioning, which could have positive implications for stakeholders by increasing liquidity and supporting future growth initiatives.

First Graphene Limited Issues 500,000 Performance Rights

First Graphene Limited announced the issuance of 500,000 unquoted performance rights, as part of its strategic initiatives to strengthen its equity base. This move is expected to enhance the company’s operational capabilities and support its growth objectives, potentially impacting its market positioning positively.

First Graphene Announces Cessation of 500,000 Securities

First Graphene Limited announced the cessation of 500,000 ordinary fully paid securities as of April 4, 2025. This move is part of the company’s ongoing capital management strategy, which may impact its financial structure and market positioning. The cessation could have implications for stakeholders, particularly in terms of share value and investor relations.

First Graphene Director Increases Stake with New Options

First Graphene Limited has announced a change in the director’s interest, with Warwick Robert Grigor acquiring additional listed options through various entities. This change reflects a strategic move to strengthen the director’s position and potentially influence the company’s future operations and market strategies.

First Graphene Director’s Interest Update: Strategic Acquisition of Options

First Graphene Limited has announced a change in the interests of its director, Michael Quinert, involving the acquisition of 399,999 listed options under the company’s Entitlement Offer and Shortfall Offer. This change reflects ongoing strategic adjustments in the company’s leadership holdings, potentially impacting investor perceptions and the company’s market positioning.

First Graphene Ltd Announces Director’s Interest Change

First Graphene Ltd has announced a change in the director’s interest, specifically involving Andrew James Goodwin. The change includes the acquisition of 250,000 listed options under the ASX Code FGRO, as part of an Entitlement Offer. This adjustment in director’s securities holdings reflects ongoing strategic financial maneuvers within the company, potentially impacting its market positioning and shareholder interests.

First Graphene Director Acquires Additional Options

First Graphene Limited announced a change in the director’s interest, with Michael Bell acquiring 200,000 listed options under the Entitlement Offer. This change reflects the company’s ongoing efforts to align its leadership’s interests with its strategic goals, potentially impacting its market positioning and stakeholder confidence.

First Graphene Ltd Reports Concentrated Ownership in Latest Holdings Report

First Graphene Ltd has released a holdings range report detailing the distribution of its listed options, which are set to expire on June 30, 2027. The report reveals that a significant majority of the issued share capital, 89.39%, is held by a small group of holders with over 100,000 units, indicating a concentrated ownership structure. This concentration could impact the company’s strategic decisions and influence its market dynamics.

First Graphene Ltd Reveals Top Holders of Listed Options

First Graphene Ltd has released a report detailing the top holders of its listed options, which are set to expire on June 30, 2027. The report highlights that BNP Paribas Nominees Pty Ltd holds the largest share at 24.56%, followed by Debt Management Asia Corporation at 5.29%. This information provides stakeholders with insights into the company’s ownership structure, potentially influencing investment decisions and market perceptions.

First Graphene Ltd Faces Suspension of FGRO Options on ASX

First Graphene Ltd announced that its options under the security class code FGRO have been suspended from quotation on the ASX due to non-compliance with listing rule 2.5 condition 6. The suspension is specific to FGRO and does not affect other securities of the company. The options will be reinstated once compliance is achieved, highlighting the company’s ongoing regulatory challenges and the potential impact on investor confidence.

First Graphene Announces Proposed Issue of Unlisted Options

First Graphene Limited has announced a proposed issue of 6,000,000 unlisted options with an exercise price of 8.75 cents, set to expire two years from the grant date. This strategic move is aimed at strengthening the company’s financial position and enhancing its market presence, potentially benefiting stakeholders by increasing the company’s operational flexibility and investment appeal.

First Graphene Ltd Issues Performance Rights to Employees

First Graphene Ltd announced the issuance of 3,270,000 performance rights under its employee incentive scheme, which are currently unquoted and subject to transfer restrictions. This move is part of the company’s strategy to incentivize its workforce, potentially enhancing its operational efficiency and market competitiveness.

First Graphene Limited Announces Quotation of New Securities

First Graphene Limited has announced the quotation of 500,000 new fully paid ordinary securities on the Australian Securities Exchange (ASX) as of April 4, 2025. This move is part of the company’s strategy to enhance its market presence and provide additional value to its stakeholders by leveraging its advanced graphene technologies.

First Graphene Updates Securities Issuance Date

First Graphene Limited has updated its previous announcement regarding a proposed issue of securities, correcting the issue date to 14 April 2025. This update is part of the company’s ongoing efforts to ensure accurate communication with stakeholders and maintain compliance with ASX listing rules, potentially impacting its market operations and investor relations.

First Graphene Extends Closing Date for Securities Issue

First Graphene Limited announced an extension of the closing date for its non-renounceable entitlement issue, which is part of a proposed securities issuance. This update could impact the company’s financial strategy and stakeholder engagement by providing additional time for participation, potentially influencing its market positioning and capital structure.

First Graphene Director Increases Shareholding

First Graphene Ltd announced a change in the director’s interest, with Michael Bell converting 941,755 Performance Rights into fully paid ordinary shares. This adjustment increases his total shareholding to 3,822,563 shares, while his Performance Rights decreased to 6,000,000. This move reflects a significant shift in the director’s stake in the company, potentially impacting stakeholder perceptions and the company’s market positioning.

First Graphene Announces Quotation of New Securities on ASX

First Graphene Limited has announced the quotation of 941,755 fully paid ordinary securities on the Australian Securities Exchange (ASX), effective March 18, 2025. This move is part of the company’s strategy to enhance its market presence and liquidity, potentially benefiting stakeholders by increasing the availability of its shares for trading.

First Graphene Advances Commercialization of Graphene-Enhanced Cement

First Graphene Limited is advancing its commercialization efforts for graphene-enhanced cement and concrete, with significant developments in the UK and South Africa. The company has initiated a major project with Breedon Group in the UK, where its PureGRAPH-CEM® product will be used in a road infrastructure project, aiming to validate industrial-scale results that showed a 16% increase in compressive strength. Additionally, trials in South Africa demonstrated a 33% reduction in permeability, showcasing the potential for longer-lasting concrete structures. These advancements highlight the growing interest and potential commercial opportunities for First Graphene’s products in the global cement industry.