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Highfield Resources Limited
(Sydney:HFR)
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Rating:40Underperform
Price Target:
AU$0.02
▼(-40.00% Downside)
Action:Downgraded
Date:07/09/26
The score is constrained primarily by weak financial performance (no revenue, sharply widening losses in 2025, and ongoing negative operating/free cash flow) alongside rising leverage and declining equity. Technicals reinforce downside risk, with the stock below all major moving averages and bearish momentum readings. Valuation offers limited support due to negative earnings and no provided dividend yield.
Positive Factors
Asset backing & positive equity
A material asset base and positive equity provide tangible collateral and signal residual value for creditors and investors. For a development-stage miner this supports access to project financing, reduces downside in distress scenarios and underpins medium-term capital-raising options.
Negative Factors
Pre-revenue development stage
Being pre-revenue means the company lacks operating cash inflows and remains fully exposed to execution risk. Project delays, permitting or construction overruns directly threaten viability, and the firm must rely on capital markets or lenders to fund the transition to commercial production.
Read all positive and negative factors
Positive Factors
Negative Factors
Asset backing & positive equity
A material asset base and positive equity provide tangible collateral and signal residual value for creditors and investors. For a development-stage miner this supports access to project financing, reduces downside in distress scenarios and underpins medium-term capital-raising options.
Read all positive factors
Highfield Resources Limited (HFR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$10.43M
Dividend YieldN/A
Average Volume (3M)380.19K
Price to Earnings (P/E)―
Beta (1Y)2.04
Revenue GrowthN/A
EPS Growth-210.95%
CountryAU
Employees25
SectorGeneral
Sector StrengthN/A
IndustryAgricultural Inputs
Share Statistics
EPS (TTM)-0.15
Shares Outstanding474,077,060
10 Day Avg. Volume393,733
30 Day Avg. Volume380,188
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.23
Price to Sales (P/S)0.00
P/FCF Ratio-2.49
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
Highfield Resources Limited Business Overview & Revenue Model
Company Description
Highfield Resources Limited, along with its subsidiaries, specializes in the exploration and establishment of potash mining operations within Spain. The company's various potash ventures are strategically located within Northern Spain's productive...
How the Company Makes Money
HFR’s intended primary source of revenue is the sale of potash fertiliser products produced from its flagship Muga Potash Project once it is constructed and operating; this would involve mining potash-bearing ore and processing it into saleable po...
Highfield Resources Limited Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
38
Negative
Cash Flow
18
Very 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 | -15.77K | -19.49K | -26.27K | -18.51K | -28.07K |
| EBITDA | -9.29M | -2.88M | -7.12M | -5.77M | -6.67M |
| Net Income | -69.80M | -19.23M | -12.12M | -5.79M | -6.70M |
Balance Sheet | |||||
| Total Assets | 167.71M | 221.07M | 203.92M | 168.09M | 141.50M |
| Cash, Cash Equivalents and Short-Term Investments | 3.47M | 11.96M | 14.08M | 19.45M | 22.24M |
| Total Debt | 51.32M | 47.89M | 32.68M | 11.32M | 0.00 |
| Total Liabilities | 75.84M | 75.79M | 60.62M | 20.37M | 2.96M |
| Stockholders Equity | 91.87M | 145.28M | 143.29M | 147.72M | 138.54M |
Cash Flow | |||||
| Free Cash Flow | -8.62M | -14.06M | -19.47M | -18.02M | -15.04M |
| Operating Cash Flow | -8.62M | -8.81M | -9.91M | -5.87M | -4.34M |
| Investing Cash Flow | -2.85M | -5.25M | -9.56M | -12.15M | -10.70M |
| Financing Cash Flow | 2.69M | 11.50M | 14.35M | 13.47M | 17.29M |
Highfield Resources Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | AU$1.05B | -6.87 | -5.96% | ― | -1.53% | -281.84% | |
44 Neutral | AU$14.82M | -2.86 | -56.43% | ― | -25.56% | 38.24% | |
43 Neutral | AU$20.70M | -2.34 | -102.56% | ― | 24.22% | 40.08% | |
42 Neutral | AU$6.61M | -1.29 | -430.00% | ― | ― | -118.10% | |
40 Underperform | AU$10.43M | -0.17 | -67.56% | ― | ― | -210.95% |
* General Sector Average
AU:HFR
Highfield Resources Limited
0.03
-0.12
-82.14%
AU:CP8
Fertoz
0.12
0.04
59.72%
AU:NUF
Nufarm Limited
2.78
0.42
17.80%
AU:TGH
Terragen Holdings Ltd
0.02
>-0.01
-14.29%
AU:APC
Australian Potash Limited
0.01
0.00
0.00%
AU:RLF
RLF AgTech Ltd
0.04
>-0.01
-10.00%
Highfield Resources Limited Corporate Events
Highfield Resources Wins Strong Shareholder Backing at 2026 AGM
May 27, 2026
Highfield Resources shareholders approved all resolutions at the company’s 2026 Annual General Meeting, which was held virtually on 27 May 2026. The adoption of the remuneration report, the election of director Carles Alemán and the app...
Highfield Resources Tables AGM Investor Presentation as Muga Build and Canadian Deal Advance
May 27, 2026
Highfield Resources has released a presentation for its Annual General Meeting, to be delivered by senior executives Olivier Vadillo and Carles Aleman. The AGM presentation is expected to update shareholders on the planned transition to full-scale...
Highfield Resources Issues Unquoted Convertible Notes to Refine Capital Structure
May 27, 2026
Highfield Resources Limited has notified the market of the issue of 280 unquoted convertible notes, designated under the ASX security code HFRAAA, with an issue date of 20 May 2026. The securities form part of a previously announced capital transa...
Highfield Resources Tightens Costs as It Awaits Key Spanish Permit Decision for Muga Potash Project
Apr 28, 2026
Highfield Resources reported progress on the development of its Muga Potash mine in Spain during the March 2026 quarter, while it continues to await a decision from the Spanish Supreme Court on the admission of its Goyo permitting appeal. The comp...
Highfield Resources Sets 2026 Virtual AGM, Seeks Capital-Raising Flexibility
Apr 23, 2026
Highfield Resources has called its 2026 annual general meeting for 27 May, to be held virtually via an online platform, with shareholders encouraged to lodge directed proxy votes ahead of the deadline. The agenda includes receiving the 2025 financ...
Highfield denies undisclosed news behind share price surge after ASX query
Apr 17, 2026
Highfield Resources has told the ASX it is not aware of any undisclosed information that would explain the recent sharp rise in its share price and trading volumes. The company pointed instead to the broader geopolitical environment, which has hei...
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.