Want to see AU:FML full AI Analyst Report?
Top Page
Focus Minerals Ltd
(Sydney:FML)
Select Model
Select Model
Rating:78Outperform
Price Target:
AU$2.50
▼(-16.67% Downside)
Action:Reiterated
Date:08/21/26
The score is driven mainly by the sharply improved 2025 financial performance and a substantially strengthened balance sheet, reinforced by a very low P/E valuation. Offsetting these positives are uneven cash-flow quality versus earnings and historically high volatility, while technicals are only moderately constructive (above short/mid-term averages but still below the 200-day).
Positive Factors
Revenue and Profit Turnaround
The sharp improvement in revenue and earnings indicates stronger operating performance and project economics. If partly sustained, this provides greater internal funding capacity for exploration, evaluation and development across the company’s Western Australian gold portfolio.
Negative Factors
Weak Cash Conversion
The gap between reported profit and free cash flow raises questions about earnings quality and the repeatability of cash generation. If working-capital needs or other non-recurring items persist, headline profitability may overstate funds available for development.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Profit Turnaround
The sharp improvement in revenue and earnings indicates stronger operating performance and project economics. If partly sustained, this provides greater internal funding capacity for exploration, evaluation and development across the company’s Western Australian gold portfolio.
Read all positive factors
Focus Minerals Ltd (FML) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$627.56M
Dividend YieldN/A
Average Volume (3M)628.64K
Price to Earnings (P/E)2.3
Beta (1Y)1.80
Revenue Growth161.65%
EPS Growth2191.43%
CountryAU
Employees5
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.95
Shares Outstanding286,558,650
10 Day Avg. Volume554,380
30 Day Avg. Volume628,641
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)2.39
Price to Sales (P/S)2.92
P/FCF Ratio17.29
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
Focus Minerals Ltd Business Overview & Revenue Model
Company Description
Focus Minerals Limited, an Australian company established in 1978, specializes in the discovery and development of gold deposits across Western Australia. Headquartered in East Perth, Australia, the firm possesses full ownership of two key gold ve...
How the Company Makes Money
null...
Focus Minerals Ltd Financial Statement Overview
Summary
Income Statement
83
Very Positive
Balance Sheet
86
Very Positive
Cash Flow
72
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 301.26M | 115.14M | 33.08M | 16.55M | 97.00K |
| Gross Profit | 309.02M | 114.25M | 5.35M | -296.00K | -778.00K |
| EBITDA | 135.58M | 27.30M | 1.93M | -1.22M | -4.97M |
| Net Income | 272.45M | 3.01M | -2.80M | -4.14M | -6.71M |
Balance Sheet | |||||
| Total Assets | 442.73M | 323.61M | 246.79M | 174.43M | 151.06M |
| Cash, Cash Equivalents and Short-Term Investments | 159.70M | 16.50M | 1.20M | 18.90M | 27.25M |
| Total Debt | 4.47M | 160.14M | 98.44M | 35.57M | 20.21M |
| Total Liabilities | 74.65M | 227.99M | 154.17M | 79.01M | 51.51M |
| Stockholders Equity | 368.07M | 95.63M | 92.62M | 95.42M | 99.56M |
Cash Flow | |||||
| Free Cash Flow | 50.87M | -33.35M | -71.73M | -23.53M | -18.03M |
| Operating Cash Flow | 130.93M | 29.44M | -1.37M | -4.13M | -4.83M |
| Investing Cash Flow | 136.40M | -63.43M | -75.74M | -19.51M | -1.12M |
| Financing Cash Flow | -154.02M | 49.29M | 59.50M | 14.97M | 25.40M |
Focus Minerals Ltd Technical Analysis
Positive
3.00
Price Trends
1.81
Positive
2.04
Positive
2.62
Negative
Market Momentum
0.09
Negative
62.98
Neutral
65.33
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 above the 20-day moving average (MA) of 1.94, above the 50-day MA of 1.81, and above the 200-day MA of 2.62, indicating a neutral trend. The MACD of 0.09 indicates Negative momentum. The RSI at 62.98 is Neutral, neither overbought nor oversold. The STOCH value of 65.33 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | AU$627.56M | 2.31 | 79.54% | ― | 161.65% | 2191.43% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
48 Neutral | AU$833.92M | -48.04 | -17.62% | ― | ― | -168.42% | |
47 Neutral | AU$417.68M | -0.05 | 10.73% | ― | 78.18% | ― | |
46 Neutral | AU$849.20M | 52.01 | 6.29% | ― | ― | ― | |
44 Neutral | AU$78.40M | -11.78 | -9.37% | ― | ― | -119.82% | |
39 Underperform | AU$816.61M | -16.15 | -11.26% | ― | 17.55% | 40.51% |
* Basic Materials Sector Average
AU:FML
Focus Minerals Ltd
2.19
1.76
403.45%
AU:BCN
Beacon Minerals
3.59
1.47
69.50%
AU:SBM
St. Barbara
0.68
0.33
95.65%
AU:WIA
WIA Gold Limited
0.49
0.18
58.06%
AU:BC8
Black Cat Syndicate Ltd.
1.17
0.27
29.44%
AU:PTN
Kin Mining NL
0.05
>-0.01
-11.67%
Focus Minerals Ltd Corporate Events
Focus Minerals posts solid June quarter output as Coolgardie development ramps up
Jul 31, 2026
Focus Minerals reported steady June quarter performance at its Coolgardie Gold Operations, with 350,507 tonnes of ore processed at the Three Mile Hill plant at an average head grade of 1.80 grams per tonne and metallurgical recovery of 95.2%. The ...
Focus Minerals Adopts New Constitution to Clarify Shareholder Rights
May 27, 2026
Focus Minerals Ltd has adopted a new constitution by special resolution of its members, formalising comprehensive rules for share capital, shareholder rights and the administration of its securities. The updated governance framework covers the iss...
Focus Minerals Wins Strong Shareholder Backing at AGM
May 27, 2026
Focus Minerals Ltd reported the voting outcomes of its Annual General Meeting held on 27 May 2026, confirming that all resolutions put to shareholders were passed by poll. The approved items included the adoption of the remuneration report, the re...
Focus Minerals reiterates AGM disclosure limits and JORC compliance
May 26, 2026
Focus Minerals Ltd used its May 2026 annual general meeting presentation to reiterate that its materials are informational only and should not be treated as a prospectus, securities offer or investment recommendation. The company stressed that inv...
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.