Firebird Metals Ltd. (AU:FRB)
ASX:FRB
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Firebird Metals Ltd.
(Sydney:FRB)
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Select Model
Rating:45Neutral
Price Target:
AU$0.15
▼(-8.75% Downside)
Action:ReiteratedDate:03/20/26
The score is driven primarily by weak financial performance (no revenue, ongoing losses and negative free cash flow) partially offset by a low-debt balance sheet. Technicals are mildly negative with price below key short-term averages and negative MACD, while valuation support is limited due to a negative P/E and no dividend yield data.
Positive Factors
Conservative balance sheet
A very low debt load and minimal total borrowings materially reduce refinancing and covenant risk for an exploration developer. This conservatism preserves financial flexibility to pursue drilling, studies and permitting over the next 2–6 months without immediate creditor pressure.
Negative Factors
Pre-revenue business model
Operating with no revenue creates structural execution and financing risk: the business must convert resources to commercial production or secure continuous external funding. Over 2–6 months this leaves progress tied to capital access and milestone delivery rather than internal cash flows.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
A very low debt load and minimal total borrowings materially reduce refinancing and covenant risk for an exploration developer. This conservatism preserves financial flexibility to pursue drilling, studies and permitting over the next 2–6 months without immediate creditor pressure.
Read all positive factors
Firebird Metals Ltd. (FRB) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$36.47M
Dividend YieldN/A
Average Volume (3M)237.95K
Price to Earnings (P/E)―
Beta (1Y)2.27
Revenue GrowthN/A
EPS Growth66.39%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.02
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 engages in the exploration and evaluation of manganese properties in Australia. Its flagship project is the Oakover Manganese project that includes one granted exploration license and two exploration license applications co...
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 | 0.00 | -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
Neutral
0.16
Price Trends
0.25
Negative
0.21
Negative
0.18
Positive
Market Momentum
-0.02
Positive
47.47
Neutral
38.95
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:FRB, the sentiment is Neutral. The current price of 0.16 is below the 20-day moving average (MA) of 0.21, below the 50-day MA of 0.25, and below the 200-day MA of 0.18, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 47.47 is Neutral, neither overbought nor oversold. The STOCH value of 38.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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% | |
45 Neutral | AU$36.47M | -2.46 | -37.92% | ― | ― | 66.39% | |
45 Neutral | AU$7.65M | -32.58 | -27.10% | ― | ― | 76.12% | |
45 Neutral | AU$5.63M | -0.39 | -330.13% | ― | ― | 61.60% | |
44 Neutral | AU$2.85M | -3.26 | -43.09% | ― | ― | -200.00% | |
43 Neutral | AU$4.48M | -0.44 | -178.26% | ― | ― | -58.49% | |
42 Neutral | AU$39.83M | -7.10 | -99.27% | ― | ― | -36.36% |
* Basic Materials Sector Average
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Firebird Metals Ltd. Corporate Events
Firebird Metals Sets Out Vertically Integrated Push Into Manganese-Rich Battery Cathodes
Mar 18, 2026
Firebird Metals has outlined its strategy to pioneer next-generation manganese-rich battery cathodes, including LMFP and LMR materials, using a vertically integrated “concentrate to cathode” processing circuit built around its wholly o...
Firebird Metals Outlines Governance Structure in Half-Year Report
Mar 13, 2026
Firebird Metals has released its financial report for the half year ended 31 December 2025, detailing its corporate directory and key governance roles. The disclosure reinforces its ASX-listed status, highlights its registered office and service p...
Firebird Metals Secures Exclusive Global LMFP Patent Rights to 2045
Feb 25, 2026
Firebird Metals has secured an exclusive, global (ex-China) licence over five core LMFP cathode and precursor patents held by its wholly owned subsidiary Hunan Firebird Battery Technology, with the rights running through to 2045 on a no-fee basis....
Firebird Metals Advances Manganese-Rich Battery Strategy With Kiln Patent and LMFP Breakthroughs
Jan 22, 2026
In the December 2025 quarter, Firebird Metals reported that its manganese iron phosphate precursor cathode material exceeded Chinese industry standards across key performance metrics, following more than 150 test batches and initial customer sampl...
Firebird Metals Issues New Shares, Reaffirms Compliance Amid Battery Materials Push
Jan 14, 2026
Firebird Metals has issued 1,033,335 new ordinary shares without a prospectus under the Corporations Act’s disclosure exemptions and has confirmed it remains compliant with its ongoing reporting and disclosure obligations as a listed disclos...
Firebird Metals Seeks ASX Quotation for Over 1 Million New Shares
Jan 14, 2026
Firebird Metals Ltd has applied for quotation on the ASX of 1,033,335 new ordinary fully paid shares, with an issue date of 14 January 2026. The additional securities, issued pursuant to a previously announced transaction, will expand the company&...
Firebird Commissions LMR Cathode Equipment as Manganese-Rich Battery Market Accelerates
Jan 11, 2026
Firebird Metals has completed installation and commissioning of its proprietary cathode active materials equipment at its wholly owned China pilot plant, clearing the way to begin producing advanced lithium-manganese-rich CAM from February 2026 an...
Firebird Metals Issues 3.9 Million Shares, Reaffirms Regulatory Compliance
Jan 2, 2026
Firebird Metals Limited has issued 3,900,000 new ordinary shares and confirmed that the issuance was conducted without a prospectus under the Corporations Act, while affirming its ongoing compliance with Australian continuous disclosure and financ...
Firebird Metals Director Evan Cranston Boosts Indirect Share and Option Holdings
Jan 2, 2026
Firebird Metals director Evan Cranston has increased his indirect stake in the company through related entity Konkera Pty Ltd, participating in a shareholder-approved share placement at $0.15 per share and receiving additional incentive options. F...
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.