Firebird Metals Ltd. (AU:FRB)
ASX:FRB
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Firebird Metals Ltd.
(Sydney:FRB)
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Rating:50Neutral
Price Target:
AU$0.18
▲(12.50% Upside)
Action:Reiterated
Date:04/25/26
The score is held back primarily by weak financial performance (no revenue, continuing losses, and negative free cash flow), partially offset by a low-debt balance sheet and modest improvement in FY2025 cash outflow/losses. Technicals add some support with mildly positive momentum, while valuation remains unattractive/unclear due to negative earnings and no dividend.
Positive Factors
Conservative balance sheet
Low leverage and a meaningful equity base provide structural resilience for a pre-revenue explorer. With minimal debt servicing needs, the company faces lower refinancing risk and greater flexibility to fund exploration or wait for higher-quality financing windows, extending strategic optionality.
Negative Factors
Pre-revenue operating losses
The company remains pre-commercial with no revenue and sustained net losses, meaning it cannot self-finance development. Continued losses erode equity and leave outcomes dependent on successful exploration results and future financing, raising execution and dilution risks for investors.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Low leverage and a meaningful equity base provide structural resilience for a pre-revenue explorer. With minimal debt servicing needs, the company faces lower refinancing risk and greater flexibility to fund exploration or wait for higher-quality financing windows, extending strategic optionality.
Read all positive factors
Firebird Metals Ltd. (FRB) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$32.83M
Dividend YieldN/A
Average Volume (3M)237.95K
Price to Earnings (P/E)―
Beta (1Y)2.25
Revenue GrowthN/A
EPS Growth-46.15%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.03
Shares Outstanding182,361,400
10 Day Avg. Volume276,835
30 Day Avg. Volume237,952
Financial Highlights & Ratios
PEG Ratio0.08
Price to Book (P/B)1.01
Price to Sales (P/S)0.00
P/FCF Ratio-5.20
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
Firebird Metals Ltd. Business Overview & Revenue Model
Company Description
Firebird Metals Limited is an Australian entity primarily engaged in the exploration and assessment of manganese properties. The Oakover Manganese project stands as its flagship initiative, encompassing 360 square kilometers within Western Austral...
How the Company Makes Money
null...
Firebird Metals Ltd. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
62
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -279.55K | -213.57K | 110.00K | -58.35K | -61.62K | -4.91K |
| EBITDA | -2.38M | -2.08M | -4.73M | -891.67K | -1.10M | -3.39M |
| Net Income | -4.79M | -2.27M | -4.66M | -952.13K | -1.17M | -3.39M |
Balance Sheet | ||||||
| Total Assets | 15.46M | 11.22M | 12.88M | 6.72M | 4.13M | 5.20M |
| Cash, Cash Equivalents and Short-Term Investments | 5.16M | 1.50M | 5.07M | 1.30M | 500.65K | 3.81M |
| Total Debt | 281.21K | 335.71K | 0.00 | 56.39K | 56.39K | 113.38K |
| Total Liabilities | 784.06K | 652.28K | 245.59K | 333.42K | 191.22K | 259.42K |
| Stockholders Equity | 14.67M | 10.57M | 12.64M | 6.39M | 3.94M | 4.94M |
Cash Flow | ||||||
| Free Cash Flow | -3.56M | -2.05M | -3.00M | -2.31M | -3.24M | -1.08M |
| Operating Cash Flow | -3.18M | -1.92M | -2.13M | -718.80K | -1.00M | -303.17K |
| Investing Cash Flow | -2.15M | -1.69M | -1.75M | -1.69M | -2.24M | -779.23K |
| Financing Cash Flow | 5.38M | 26.16K | 7.68M | 3.21M | -64.00K | 4.89M |
Firebird Metals Ltd. Technical Analysis
Negative
0.16
Price Trends
0.19
Negative
0.22
Negative
0.19
Negative
Market Momentum
>-0.01
Negative
49.75
Neutral
54.88
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:FRB, the sentiment is Negative. The current price of 0.16 is below the 20-day moving average (MA) of 0.17, below the 50-day MA of 0.19, and below the 200-day MA of 0.19, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 49.75 is Neutral, neither overbought nor oversold. The STOCH value of 54.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:FRB.
Firebird Metals Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
50 Neutral | AU$32.83M | -5.82 | -37.92% | ― | ― | -46.15% | |
45 Neutral | AU$5.85M | -4.87 | -27.10% | ― | ― | 60.00% | |
45 Neutral | AU$4.06M | -1.15 | -330.13% | ― | ― | -31.15% | |
44 Neutral | AU$2.14M | -2.77 | -43.09% | ― | ― | 55.56% | |
43 Neutral | AU$5.97M | -0.83 | -178.26% | ― | ― | -111.36% | |
42 Neutral | AU$34.54M | -16.77 | -99.27% | ― | ― | 54.55% |
* Basic Materials Sector Average
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Firebird Metals Ltd. Corporate Events
Firebird Metals locks in key equipment orders for Australian manganese battery materials plant
Jun 16, 2026
Firebird Metals has ordered all long-lead equipment for its Australian Demonstration Plant in Perth, a key milestone that keeps the project on schedule and on budget and enables the first payment under its ARENA grant. The equipment, procured via ...
Firebird Metals Secures Perth Site for Integrated Manganese Cathode Demonstration Plant
Apr 30, 2026
Firebird Metals has secured a long-term lease on a 775 square metre, purpose-fit light industrial facility in Osborne Park, Perth, to host its Australian Demonstration Plant for manganese concentrate-to-cathode active material processing. The faci...
Firebird Metals Secures Key LMFP Licence and Advances World-First Battery Materials Plant
Apr 27, 2026
Firebird Metals reported a pivotal March quarter, highlighted by formal registration in China of an exclusive global licence (excluding China) over five key LMFP patents running to 2045, strengthening its intellectual property position in advanced...
Firebird Wins A$2m ARENA Grant to Advance Manganese-to-Cathode Plant
Apr 22, 2026
Firebird Metals has secured a A$2 million non-dilutive grant from the Australian Renewable Energy Agency under its Battery Breakthrough Initiative to advance its Australian Demonstration Plant. The funding, which Firebird will match from existing ...
Firebird Metals Requests ASX Trading Halt Ahead of Funding Deal Announcement
Apr 20, 2026
Trading in Firebird Metals Ltd. shares has been halted on the ASX at the company’s request, with the suspension to remain in place until either normal trading resumes on 23 April 2026 or a pending announcement is released. The company said t...
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.