First Graphene Ltd (AU:FGR)
ASX:FGR
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First Graphene Ltd
(Sydney:FGR)
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Select Model
Rating:52Neutral
Price Target:
AU$0.06
▼(-8.57% Downside)
Action:ReiteratedDate:02/06/26
The score is held back primarily by weak financial performance (ongoing losses and negative operating/free cash flow), partly offset by strong technical momentum with price trading above major moving averages and positive MACD. Valuation is constrained by negative earnings and no dividend yield data.
Positive Factors
Revenue Growth Trend
Reported revenue growth of ~29% shows tangible commercial traction for graphene products and validates customer interest. Given the business model which converts trials into repeat supply, sustained top-line growth supports scaling manufacturing, customer qualification, and longer-term contract conversion.
Negative Factors
Negative Operating and Free Cash Flow
Persistent negative operating and free cash flows reduce internal funding for production scale, customer qualification programs, and R&D. Over 2-6 months this elevates reliance on external financing, which can dilute shareholders or constrain strategic investments if capital markets tighten.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth Trend
Reported revenue growth of ~29% shows tangible commercial traction for graphene products and validates customer interest. Given the business model which converts trials into repeat supply, sustained top-line growth supports scaling manufacturing, customer qualification, and longer-term contract conversion.
Read all positive factors
First Graphene Ltd (FGR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$55.47M
Dividend YieldN/A
Average Volume (3M)976.63K
Price to Earnings (P/E)―
Beta (1Y)1.18
Revenue Growth-4.80%
EPS Growth23.76%
CountryAU
Employees195
SectorBasic Materials
Sector Strength58
IndustryChemicals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding880,532,100
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 Ltd (FGR) is an Australian-based company specializing in the production and commercialization of high-quality graphene products. Operating primarily in the advanced materials sector, FGR focuses on utilizing graphene's unique proper...
How the Company Makes Money
First Graphene makes money primarily by selling graphene materials and graphene-enhanced products to commercial and industrial customers. Its key revenue streams include: (1) sales of graphene (notably its PureGRAPH graphene products) supplied as ...
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
0.07
Price Trends
0.08
Negative
0.07
Negative
0.07
Negative
Market Momentum
>-0.01
Negative
43.06
Neutral
48.15
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 0.07 is above the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.08, and above the 200-day MA of 0.07, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 43.06 is Neutral, neither overbought nor oversold. The STOCH value of 48.15 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 |
|---|---|---|---|---|---|---|---|
62 Neutral | AU$1.72B | 9.11 | 14.34% | 4.24% | 9.36% | -14.60% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | AU$34.23M | -2.92 | -82.31% | ― | 7.08% | 33.70% | |
52 Neutral | AU$55.47M | -4.25 | -88.71% | ― | -4.80% | 23.76% | |
46 Neutral | AU$91.66M | -6.61 | -47.73% | ― | ― | 64.63% | |
42 Neutral | AU$62.88M | -14.43 | -456.53% | ― | ― | ― | |
40 Underperform | AU$45.37M | -2.65 | -35.91% | ― | ― | 57.49% |
* Basic Materials Sector Average
AU:FGR
First Graphene Ltd
0.06
0.02
50.00%
AU:FGH
Leaf Resources Limited
0.02
0.01
120.00%
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Hazer Group Ltd.
0.35
0.06
23.21%
AU:CG1
Carbonxt Group Ltd.
0.08
0.03
54.90%
AU:ATC
Altech Chemicals Limited
0.02
-0.02
-56.41%
AU:RDX
Redox Limited
3.27
0.65
24.90%
First Graphene Ltd Corporate Events
First Graphene extends PureGRAPH distribution into Canada via SuperGrafeno
Mar 5, 2026
First Graphene has expanded its partnership with SuperGrafeno Inc. by signing a new distribution agreement that extends sales of its PureGRAPH graphene products to Canada. SuperGrafeno will focus on supplying graphene-enhanced cement, concrete, bi...
First Graphene files interim financial report and updates corporate directory
Feb 25, 2026
First Graphene Limited has released its consolidated interim financial report for the half year ended 31 December 2025, which is to be read in conjunction with its 30 June 2025 annual report. The filing confirms the company’s compliance with...
First Graphene Says No Undisclosed News Behind Share Price Spike
Feb 5, 2026
First Graphene Limited has responded to an ASX price and volume query after its share price rose from $0.085 to an intraday high of $0.11 on 5 February 2026 amid unusually high trading volumes. The company stated it is not aware of any undisclosed...
First Graphene Secures India and UAE Distribution Deal for PureGRAPH
Feb 3, 2026
First Graphene has signed a three-year distribution agreement and a memorandum of understanding with India-based Syron GreenThrust Dynamics to supply its PureGRAPH graphene products across India, SAARC nations and the UAE, opening access to some o...
First Graphene Applies for Quotation of Additional Ordinary Shares
Feb 1, 2026
First Graphene Limited has applied to the ASX for quotation of 712 new fully paid ordinary shares, issued following the exercise or conversion of existing options or other convertible securities. The modest share issuance slightly increases the co...
First Graphene Nears Cashflow Neutral as Graphene Products Gain Traction
Jan 29, 2026
First Graphene reported its strongest quarter to date for the three months to 31 December 2025, driven by accelerating commercial adoption of its graphene products. Customer cash receipts rose 156% quarter-on-quarter to $271,000, overall operating...
First Graphene Enters Concrete Roof Tile Market With UK Trial Production Run
Jan 29, 2026
First Graphene has announced the first production run of graphene-enhanced concrete roof tiles in the UK, manufactured by FP McCann using 10 tonnes of graphene-enhanced cement supplied by Breedon Group from a 600-tonne batch produced in December 2...
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.