Frontier Energy Limited (AU:FHE)
ASX:FHE
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Frontier Energy Limited
(Sydney:FHE)
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Rating:46Neutral
Price Target:
AU$0.20
â–²(0.50% Upside)
Action:ReiteratedDate:03/24/26
The score is primarily held back by weak financial performance (persistent losses and cash burn with minimal revenue) and bearish-to-weak technicals (below major moving averages with a negative MACD). A low-debt, better-capitalized balance sheet is the main offset, while valuation signals are constrained by negative earnings and no dividend yield data.
Positive Factors
Balance sheet strength
A near-zero debt profile and a materially larger equity base provide durable financial flexibility for multi-year project development. This lowers solvency risk, supports staged project funding, and improves the company’s ability to negotiate non-dilutive project financing versus peers while revenue is immature.
Negative Factors
Persistent cash burn
Consistent negative operating and free cash flow indicate ongoing external funding needs until projects generate positive operating cash. This creates structural dilution risk, constrains discretionary spending, and leaves project timelines exposed to capital market conditions and lender due-diligence outcomes.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
A near-zero debt profile and a materially larger equity base provide durable financial flexibility for multi-year project development. This lowers solvency risk, supports staged project funding, and improves the company’s ability to negotiate non-dilutive project financing versus peers while revenue is immature.
Read all positive factors
Frontier Energy Limited (FHE) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$115.33M
Dividend YieldN/A
Average Volume (3M)432.31K
Price to Earnings (P/E)―
Beta (1Y)0.84
Revenue GrowthN/A
EPS Growth-280.00%
CountryAU
Employees3
SectorUtilities
Sector Strength65
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding562,572,200
10 Day Avg. Volume303,960
30 Day Avg. Volume432,306
Financial Highlights & Ratios
PEG Ratio0.32
Price to Book (P/B)1.45
Price to Sales (P/S)0.00
P/FCF Ratio-10.33
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)-0.39
Revenue Forecast (FY)N/A
Frontier Energy Limited Business Overview & Revenue Model
Company Description
Frontier Energy Limited operates as a clean energy company. It develops the Bristol Springs solar project to produce approximately 114 MW of electricity located in the southeast of Perth, Western Australia. The company was formerly known as Superi...
Frontier Energy Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
74
Positive
Cash Flow
22
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -15.54K | -95.00K | -86.36K | -76.68K | -3.00K |
| EBITDA | -4.45M | -18.50M | 3.04M | -6.04M | -3.15M |
| Net Income | -5.17M | -18.13M | 2.05M | -5.52M | -2.50M |
Balance Sheet | |||||
| Total Assets | 90.43M | 83.41M | 89.08M | 31.94M | 3.16M |
| Cash, Cash Equivalents and Short-Term Investments | 5.59M | 14.33M | 11.57M | 13.46M | 541.35K |
| Total Debt | 0.00 | 57.72K | 95.36K | 175.28K | 0.00 |
| Total Liabilities | 5.64M | 2.14M | 5.64M | 5.35M | 1.02M |
| Stockholders Equity | 85.51M | 81.99M | 84.16M | 23.35M | 1.60M |
Cash Flow | |||||
| Free Cash Flow | -11.98M | -13.02M | -9.66M | -8.87M | -2.28M |
| Operating Cash Flow | -2.21M | -2.77M | -2.56M | -4.87M | -2.14M |
| Investing Cash Flow | -17.49M | -10.07M | -9.33M | -3.69M | -145.41K |
| Financing Cash Flow | 10.95M | 15.59M | 10.17M | 21.49M | 2.11M |
Frontier Energy Limited Technical Analysis
Negative
0.20
Price Trends
0.22
Negative
0.25
Negative
0.24
Negative
Market Momentum
>-0.01
Positive
37.93
Neutral
38.89
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:FHE, the sentiment is Negative. The current price of 0.2 is below the 20-day moving average (MA) of 0.22, below the 50-day MA of 0.22, and below the 200-day MA of 0.24, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 37.93 is Neutral, neither overbought nor oversold. The STOCH value of 38.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:FHE.
Frontier Energy Limited Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
54 Neutral | AU$1.19B | -16.47 | -10.87% | ― | ― | -90.48% | |
49 Neutral | AU$266.85M | -7.07 | -16.25% | ― | ― | 50.26% | |
49 Neutral | AU$441.81M | -1,529.11 | -22.54% | ― | ― | ― | |
46 Neutral | AU$115.33M | -23.96 | -23.79% | ― | ― | -280.00% | |
45 Neutral | AU$56.28M | -2.12 | -18.67% | ― | ― | 53.31% | |
41 Neutral | AU$76.41M | -6.89 | -537.70% | ― | 24.42% | -18.42% |
* Utilities Sector Average
AU:FHE
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Frontier Energy Limited Corporate Events
Frontier Energy Flags Risks as It Advances WA Hybrid Renewable Project
Mar 18, 2026
Frontier Energy used a presentation at the Euroz Hartleys Rottnest Conference to highlight that its Waroona Renewable Energy Project is development-ready and intended to become Western Australia’s largest hybrid renewable energy facility. Th...
Frontier Energy Directors Boost Holdings With On‑Market Share Purchases
Mar 17, 2026
Frontier Energy’s Executive Chairman, Jamie Cullen, and Non-Executive Director and major shareholder, Grant Davey, have increased their stakes in the company through on-market purchases totaling 3 million shares. Cullen, who joined the board...
Frontier Energy Secures Indicative Debt Terms for Waroona Renewable Project
Mar 11, 2026
Frontier Energy has received indicative senior debt terms from tier-one global financial institutions to fund Stage One of its Waroona Renewable Energy Project, with proposed gearing of up to 70 percent, equating to about $220 million in senior de...
Frontier Energy discloses final director interest as Chris Bath exits board
Mar 2, 2026
Frontier Energy Limited has announced that director Chris Bath ceased to be a director on 2 March 2026, triggering a final notification of his relevant interests to the ASX under listing rule 3.19A.3. While Bath held no securities in his own name,...
Frontier Energy appoints new director Jamie Cullen with major option grant
Mar 2, 2026
Frontier Energy Limited has appointed Jamie Cullen as a director effective 2 March 2026, expanding its board with new leadership subject to ASX disclosure requirements. The move signals continued corporate development and governance oversight with...
Frontier Energy Issues 20 Million Unquoted Zero-Strike Options
Mar 2, 2026
Frontier Energy Limited has issued a total of 20 million unquoted options with a zero exercise price, in several new classes expiring between March 2029 and March 2030. The options, which are not intended to be quoted on the ASX, represent a capit...
Frontier Energy Outlines FY2025 Corporate Governance Framework and Board Oversight Measures
Feb 26, 2026
Frontier Energy Limited has released its FY2025 Corporate Governance Statement, outlining a governance framework that the board regularly reviews and updates in line with legal, regulatory and business changes. The statement confirms compliance wi...
Frontier Energy Details Governance and Structure in 2025 Annual Report
Feb 26, 2026
Frontier Energy Limited has released its 2025 annual report, outlining its current corporate governance structure and key leadership appointments. The report highlights the company’s established listing on the ASX, its registered office in P...
Frontier Energy Posts Wider Annual Loss and Holds Off on Dividends
Feb 26, 2026
Frontier Energy Limited has reported a significantly wider full-year loss for the 12 months to 31 December 2025, with the loss attributable to owners rising 71% to $5.17 million compared with the prior year. The company generated no revenue from o...
Frontier Energy Names Former Pacific Energy CEO Jamie Cullen as Executive Chairman
Feb 23, 2026
Frontier Energy has appointed veteran energy executive Jamie Cullen, former chief executive of Pacific Energy, as Executive Chairman as it advances funding for the first stage of its Waroona Project in Western Australia. Cullen, who built Pacific ...
Frontier Energy Plans Issue of 20 Million Unquoted Options
Feb 23, 2026
Frontier Energy Limited has notified the ASX of a proposed issue of unquoted options as part of a placement or other capital-related initiative. The company plans to issue up to 20 million unquoted options across several new classes, with a propos...
Frontier Energy Locks In $160m of Fixed Capacity Revenue for Waroona Stage One
Jan 30, 2026
Frontier Energy has secured 88.06 MW of peak capacity credits for Stage One of its Waroona Project for the 2027–28 Reserve Capacity Cycle at a price of $360,700 per megawatt, locking in roughly $32 million per year in fixed capacity revenue ...
Frontier Energy Lifts Revenue Outlook for Waroona Stage One as Financing Advances
Jan 26, 2026
Frontier Energy has received an updated independent revenue forecast for Stage One of its Waroona Renewable Energy Project showing a significant uplift in projected earnings versus its 2024 Definitive Feasibility Study. The new Aurora Energy Resea...
Frontier Energy Director’s Options Lapse, Reducing Potential Equity Dilution
Jan 23, 2026
Frontier Energy Limited has disclosed a change in the equity interests of director Chris Bath, whose holdings are held indirectly through Chivington Pty Ltd and Bath Investments Pty Ltd. The company reported that 1,593,625 unquoted options previou...
Frontier Energy Director Updates Interests After Lapse of Incentive Options
Jan 23, 2026
Frontier Energy Limited has disclosed a change in director Grant Davey’s interests, confirming that his substantial shareholding in the company remains unchanged while certain incentive options have lapsed. The director disposed of 2,747,425...
Frontier Energy Options Lapse, Trimming Potential Future Equity Dilution
Jan 23, 2026
Frontier Energy Limited has notified the market that a total of 12,142,225 options on issue have lapsed after the conditions attached to these securities were not met or became incapable of being satisfied. The cessation, covering several classes ...
Frontier Energy Director Grant Davey Increases Stake with $4m Share and Option Issue
Jan 19, 2026
Frontier Energy Limited has disclosed a change in director Grant Davey’s indirect interest in the company’s securities, following shareholder approval at a general meeting held on 19 January 2026. Davey, through associated entities Dav...
Frontier Energy Issues 16 Million New Shares Under Standard Disclosure Exemptions
Jan 19, 2026
Frontier Energy Limited has issued 16 million new ordinary shares, as previously notified to the Australian Securities Exchange, under provisions allowing share issues without a full disclosure document. The company confirmed it remains compliant ...
Frontier Energy Shareholders Approve All Resolutions at General Meeting
Jan 19, 2026
Frontier Energy Limited reported that all resolutions presented to shareholders at its 19 January 2026 general meeting were approved by poll. The meeting ratified a prior share placement to non-related party investors, confirmed the agreement to i...
Frontier Energy Issues 8 Million New Unquoted Options
Jan 19, 2026
Frontier Energy Limited has notified the market that it will issue 8 million new unquoted options that will not be listed on the ASX, expanding its pool of unquoted equity securities. The issuance, formalised on 19 January 2026, forms part of prev...
Frontier Energy Seeks ASX Quotation for 16 Million New Shares
Jan 19, 2026
Frontier Energy Limited has applied to the ASX for quotation of 16 million new fully paid ordinary shares, to be traded under its existing ticker FHE. The share issuance, recorded as part of previously announced transactions, will expand the compa...
Frontier Energy Director Increases Shareholding Through Option Exercise
Dec 30, 2025
Frontier Energy Limited has reported a change in director Grant Davey’s indirect interests, following the exercise of 477,825 unquoted options into fully paid ordinary shares valued at $114,678. As a result of this transaction, Davey’s...
Frontier Energy Director Increases Shareholding via Option Exercise
Dec 30, 2025
Frontier Energy Limited has announced a change in the indirect holdings of director Chris Bath, who holds interests through Chivington Pty Ltd and Bath Investments Pty Ltd. The company disclosed that Bath has exercised 318,550 unquoted options int...
Frontier Energy Issues 1.36 Million New Shares Under Standard Disclosure Exemption
Dec 30, 2025
Frontier Energy Limited has issued 1,358,125 new ordinary shares, as previously notified to the Australian Securities Exchange, under provisions that allow the shares to be issued without a formal prospectus disclosure. The company confirmed it re...
Frontier Energy Seeks ASX Quotation for 1.36 Million New Shares
Dec 30, 2025
Frontier Energy Limited has applied to the ASX for quotation of 1,358,125 new fully paid ordinary shares, issued on 30 December 2025 following the exercise or conversion of existing options or other convertible securities. The additional share quo...
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.