Focus Minerals Ltd (FML) AI Stock Analysis

• Market Cap: AU$1.04B
• Dividend Yield: N/A
• Average Volume (3M): 628.64K
• Price to Earnings (P/E): 24.1
• Beta (1Y): 0.93
• Revenue Growth: 117.95%
• EPS Growth: N/A
• Country: AU
• Employees: 5
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.05
• Shares Outstanding: 286,558,650
• 10 Day Avg. Volume: 554,380
• 30 Day Avg. Volume: 628,641
• PEG Ratio: -0.08
• Price to Book (P/B): 0.51
• Price to Sales (P/S): 0.42
• P/FCF Ratio: -1.46
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 68 Neutral
• Price Target: AU$3.50 ▲(16.67% Upside)

Focus Minerals Ltd's overall score is driven by strong technical momentum and significant revenue growth. However, financial health concerns due to high leverage and negative cash flows, along with a moderate valuation, temper the overall outlook.

Positive Factors

Revenue Growth

The substantial revenue growth indicates strong market demand and effective expansion strategies, positioning the company well for future profitability.

Operational Efficiency

High operational efficiency suggests effective cost management and resource utilization, which can support long-term profitability and competitive positioning.

Asset Growth

Asset growth reflects the company's capacity to invest in its operations and infrastructure, supporting future growth and resilience against market fluctuations.

Negative Factors

High Financial Leverage

Increased leverage can strain financial flexibility and elevate risk, potentially impacting the company's ability to invest in growth and weather economic downturns.

Negative Cash Flow

Negative cash flow highlights challenges in generating sufficient operational cash, which could limit reinvestment capabilities and necessitate reliance on external financing.

Low Net Profit Margin

A low net profit margin suggests difficulties in converting revenue into profit, which could hinder long-term financial health and shareholder returns.

Focus Minerals Ltd Business Overview & Revenue Model

Company Description

Focus Minerals Ltd (FML) is an Australian gold mining company primarily engaged in the exploration, development, and production of gold resources. The company operates in the mineral resources sector, focusing on mining projects located in Australia, particularly the Coolgardie Gold Project. FML's core products consist of gold and related minerals, which are extracted and processed for sale in the global market.

How the Company Makes Money

Focus Minerals generates revenue primarily through the extraction and sale of gold. The company operates mining projects where it extracts gold ore, which is then processed to produce gold bars for sale. Key revenue streams include the sale of gold bullion and any by-products derived from the mining process. The company may also engage in strategic partnerships or joint ventures with other mining companies or stakeholders to enhance operational efficiency and broaden its market reach. Additionally, commodity price fluctuations and operational cost management are significant factors that can impact the company's earnings.

Focus Minerals Ltd Financial Statement Overview

Summary

Focus Minerals Ltd shows strong revenue growth and operational efficiency with a high gross profit margin. However, the company faces challenges with profitability due to a low net profit margin and high financial leverage. Negative cash flows and reliance on external financing further indicate financial instability.

Income Statement

Focus Minerals Ltd has shown impressive revenue growth, with a significant increase in total revenue from $33.08M in 2023 to $115.14M in 2024, marking a growth rate of 247.86%. The gross profit margin is high at 99.22% for 2024, indicating strong operational efficiency. However, the net profit margin remains low at 2.61% due to minimal net income, suggesting that profitability is still a challenge despite the revenue growth. The lack of EBIT in 2024 suggests potential volatility in operational income.

Balance Sheet

The company's debt-to-equity ratio increased to 1.67 in 2024, indicating higher financial leverage. While total assets have grown, stockholders' equity, although stable, has not increased proportionally. The equity ratio is 29.57%, showing a balanced but slightly leveraged capital structure. This suggests potential risks associated with high debt levels, despite the company's ability to grow its asset base.

Cash Flow

Free cash flow remains negative at -$33.35M in 2024, although improved from -$71.74M in 2023. The operating cash flow is zero in 2024, indicating that operations are not generating cash, which is a concern for sustainability. The reliance on financing cash flow suggests dependence on external funding to support operations and capital expenditures.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	151.65M	115.14M	33.08M	16.55M	97.00K	433.00K
Gross Profit	79.08M	114.25M	5.35M	-296.00K	-778.00K	-843.00K
EBITDA	52.99M	27.30M	1.93M	-1.22M	-4.97M	-6.74M
Net Income	250.29M	3.01M	-2.80M	-4.14M	-6.71M	-7.86M
Balance Sheet
Total Assets	372.68M	323.61M	246.79M	174.43M	151.06M	130.45M
Cash, Cash Equivalents and Short-Term Investments	74.19M	16.50M	1.20M	18.90M	27.25M	19.89M
Total Debt	6.75M	160.14M	98.44M	35.57M	20.21M	20.13M
Total Liabilities	55.65M	227.99M	154.17M	79.01M	51.51M	50.14M
Stockholders Equity	317.02M	95.63M	92.62M	95.42M	99.56M	80.31M
Cash Flow
Free Cash Flow	8.49M	-33.35M	-71.73M	-23.53M	-18.03M	-14.11M
Operating Cash Flow	30.45M	29.44M	-1.37M	-4.13M	-4.83M	-4.06M
Investing Cash Flow	159.95M	-63.43M	-75.74M	-19.51M	-1.12M	-22.18M
Financing Cash Flow	-122.79M	49.29M	59.50M	14.97M	25.40M	20.10M

Focus Minerals Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:FML, the sentiment is Positive. The current price of 3 is below the 20-day moving average (MA) of 3.33, below the 50-day MA of 3.00, and above the 200-day MA of 1.20, indicating a bullish trend. The MACD of 0.16 indicates Positive momentum. The RSI at 63.14 is Neutral, neither overbought nor oversold. The STOCH value of 63.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:FML.

Focus Minerals Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RND	80 Outperform	AU$144.46M	11.00	13.04%	4.01%	24.48%	97.18%
FML	68 Neutral	AU$1.04B	24.12	22.29%	―	117.95%	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
BCN	48 Neutral	AU$371.56M	-25.07	-20.84%	―	11.43%	-238.93%
HRZ	48 Neutral	€252.71M	-5.54	―	―	―	―
KAU	46 Neutral	AU$181.14M	-5.96	-43.66%	―	46.74%	-47.98%
TGM	45 Neutral	AU$214.54M	-16.80	-454.45%	―	―	15.86%

Focus Minerals Ltd Corporate Events

Focus Minerals Achieves Record Gold Pour and Advances Coolgardie Project

Focus Minerals Ltd reported stable and efficient operations at its Three Mile Hill processing plant, achieving a record gold pour in August. The company mined a total of 332,517 tonnes of ore across various sites, with significant progress in the Bonnie Vale Underground Mine due to accelerated development. Exploration activities are ongoing, with new drilling programs approved for the Greater Undaunted area, aiming to expand resources. The company’s cash position remains strong at $113.6 million as of September 30, 2025.

The most recent analyst rating on (AU:FML) stock is a Buy with a A$2.50 price target. To see the full list of analyst forecasts on Focus Minerals Ltd stock, see the AU:FML Stock Forecast page.