St. Barbara Ltd. (AU:SBM)
ASX:SBM
Want to see AU:SBM full AI Analyst Report?
Top Page
St. Barbara
(Sydney:SBM)
Select Model
Select Model
Rating:46Neutral
Price Target:
AU$0.60
▼(-11.32% Downside)
Action:ReiteratedDate:01/22/26
The score is held down primarily by poor financial performance (ongoing losses, weak margins, and challenged cash generation). Technicals are a meaningful positive (strong trend above key moving averages with positive MACD), but overbought momentum signals and loss-driven valuation (negative P/E, no dividend data) limit the overall rating.
Positive Factors
Conservative leverage
A relatively low debt-to-equity ratio provides durable financial flexibility for a cyclical gold miner. Lower leverage reduces refinancing and liquidity risk during commodity downturns, enabling the company to fund sustaining capex, absorb price swings, or pursue opportunistic investments over the next 2–6 months.
Negative Factors
Persistent losses and weak margins
Ongoing net losses and negative gross/EBIT/EBITDA margins are structural problems for a mining operator. They deplete reserves of retained earnings, limit ability to self-fund operations or growth, and require sustained margin recovery or cost transformation to achieve durable profitability over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative leverage
A relatively low debt-to-equity ratio provides durable financial flexibility for a cyclical gold miner. Lower leverage reduces refinancing and liquidity risk during commodity downturns, enabling the company to fund sustaining capex, absorb price swings, or pursue opportunistic investments over the next 2–6 months.
Read all positive factors
St. Barbara (SBM) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$744.02M
Dividend YieldN/A
Average Volume (3M)7.98M
Price to Earnings (P/E)―
Beta (1Y)2.52
Revenue Growth17.55%
EPS Growth40.51%
CountryAU
Employees1,328
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)N/A
Shares Outstanding1,209,795,900
10 Day Avg. Volume11,755,747
30 Day Avg. Volume7,982,526
Financial Highlights & Ratios
PEG Ratio0.35
Price to Book (P/B)1.27
Price to Sales (P/S)2.20
P/FCF Ratio-3.08
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.80Price Target Upside164.71% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
St. Barbara Business Overview & Revenue Model
Company Description
St Barbara Limited, together with its subsidiaries, engages in the exploration, development, mining, and sale of gold. It operates three operational business units, including Leonora Operations, Simberi Operations, and Atlantic Operations. The com...
How the Company Makes Money
SBM primarily makes money by producing and selling gold. Revenue is generated when gold-bearing ore is mined and processed into a saleable product (commonly gold doré), which is then sold—generally at or near prevailing market prices—either direct...
St. Barbara Financial Statement Overview
Summary
Income Statement
35
Negative
Balance Sheet
45
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 247.03M | 215.52M | 197.72M | 323.85M | 201.27M | 740.25M |
| Gross Profit | 23.54M | -12.87M | -17.92M | 58.39M | -70.81M | 153.94M |
| EBITDA | 18.94M | -38.69M | -26.08M | -477.91M | -90.01M | -62.80M |
| Net Income | -45.51M | -93.78M | -53.91M | -429.20M | -160.82M | -176.60M |
Balance Sheet | ||||||
| Total Assets | 631.64M | 580.26M | 568.63M | 917.91M | 1.60B | 1.64B |
| Cash, Cash Equivalents and Short-Term Investments | 74.78M | 67.44M | 145.87M | 293.94M | 98.51M | 133.37M |
| Total Debt | 2.88M | 5.32M | 7.53M | 12.88M | 171.64M | 109.25M |
| Total Liabilities | 197.04M | 206.22M | 219.34M | 524.46M | 489.67M | 522.09M |
| Stockholders Equity | 434.60M | 374.05M | 349.29M | 393.45M | 1.11B | 1.11B |
Cash Flow | ||||||
| Free Cash Flow | -58.25M | -153.69M | -90.25M | -33.80M | -51.14M | 93.67M |
| Operating Cash Flow | -18.57M | -81.08M | -57.41M | 51.90M | 87.66M | 227.10M |
| Investing Cash Flow | -74.08M | -48.93M | -36.14M | 285.89M | -170.01M | -199.26M |
| Financing Cash Flow | 51.19M | 46.78M | -3.54M | -197.94M | 38.43M | -293.78M |
St. Barbara Technical Analysis
Positive
0.68
Price Trends
0.70
Negative
0.65
Positive
0.54
Positive
Market Momentum
<0.01
Negative
51.72
Neutral
58.15
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SBM, the sentiment is Positive. The current price of 0.68 is above the 20-day moving average (MA) of 0.64, below the 50-day MA of 0.70, and above the 200-day MA of 0.54, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 51.72 is Neutral, neither overbought nor oversold. The STOCH value of 58.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:SBM.
St. Barbara Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | AU$5.35B | 4.43 | 27.80% | 0.65% | 31.42% | ― | |
73 Outperform | AU$661.95M | 3.23 | 79.54% | ― | 161.65% | 2191.43% | |
66 Neutral | AU$6.46B | -160.00 | 9.94% | 1.92% | 13.34% | -15.96% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | AU$1.26B | 8.53 | 19.74% | ― | 53.05% | ― | |
50 Neutral | AU$812.67M | 6.46 | 6.29% | ― | ― | ― | |
46 Neutral | AU$744.02M | -704.50 | -11.26% | ― | 17.55% | 40.51% |
* Basic Materials Sector Average
AU:SBM
St. Barbara
0.62
0.31
101.64%
AU:FML
Focus Minerals Ltd
2.31
2.08
882.98%
AU:PNR
Pantoro Gold Limited
3.21
0.42
15.05%
AU:RRL
Regis Resources Limited
7.06
2.75
63.92%
AU:RMS
Ramelius Resources Limited
3.40
0.84
32.61%
AU:BC8
Black Cat Syndicate Ltd.
1.12
0.20
22.53%
St. Barbara Corporate Events
St Barbara Outlines Investor Information and Risk Caveats in New Presentation
Apr 29, 2026
St Barbara has released an investor presentation outlining key information about its gold mining operations and financial reporting approach. The document emphasises that results are prepared under IFRS but supplemented by non-IFRS metrics, which ...
St Barbara Approves Final Investment Decision to Restart Touquoy Gold Operations in Nova Scotia
Apr 23, 2026
St Barbara has approved the final investment decision to restart operations at its Touquoy gold project in Nova Scotia, following regulatory approval of amended industrial permit conditions. The company has signed major contracts with local firms ...
St Barbara maps fully funded gold growth to 191koz by FY30
Apr 19, 2026
St Barbara has outlined a long-term production and cost outlook that forecasts a sharp rise in attributable gold output from 48,000 ounces in FY27 to 191,000 ounces in FY30, implying a compound annual growth rate of 59%. The ramp-up is underpinned...
St Barbara Wins Key Permit Approval to Restart Touquoy Gold Operations in Nova Scotia
Apr 12, 2026
St Barbara has secured approval from Nova Scotia’s Department of Environment and Climate Change to amend industrial permit conditions, clearing the way for a restart of ore processing at its Touquoy mine by the end of 2026. The move follows ...
St Barbara lifts Simberi output 49% as Lingbao deal strengthens balance sheet
Apr 12, 2026
St Barbara reported a strong operational rebound at Simberi in the March 2026 quarter, with gold production rising 49% quarter on quarter to 13,522 ounces and sales of 11,974 ounces at an average price of A$6,892 per ounce. Higher processed tonnes...
St Barbara Corrects Reason for Cessation of Securities in Updated ASX Filing
Apr 8, 2026
St Barbara Limited has issued an Appendix 3H notification to the ASX confirming a cessation of certain securities and correcting the previously stated reason for that cessation. The updated filing, dated 8 April 2026, replaces details from an anno...
St Barbara Clears 103,855 Lapsed Performance Rights From Capital Structure
Apr 8, 2026
St Barbara Limited has announced the cessation of 103,855 performance rights, identified under the ASX security code SBMAK, following their expiry without being exercised or converted on 8 April 2026. The lapse of these performance rights marginal...
St Barbara Assures Ample, Low-Cost Diesel Supply for Simberi Amid Global Disruptions
Mar 22, 2026
St Barbara has confirmed that its Simberi Operations in Papua New Guinea are well stocked with diesel fuel despite global supply chain disruptions linked to shipping restrictions through the Strait of Hormuz. The site, which consumes around 65,000...
S&P Dow Jones Indices Unveils March 2026 Shake-Up to Key S&P/ASX Benchmarks
Mar 6, 2026
SP Dow Jones Indices has announced its March 2026 quarterly rebalance of the SP/ASX index suite, reshaping membership across the 20, 50, 100, 200 and 300 benchmarks ahead of trading on March 23. The changes reflect shifts in market capitalisation ...
St Barbara lifts gold resources, unveils inaugural Simberi silver inventory
Feb 19, 2026
St Barbara Limited reported that as of 31 December 2025, group gold Mineral Resources rose to 7.9 million ounces from 6.9 million ounces a year earlier, while gold Ore Reserves eased to 3.8 million ounces from 4.0 million ounces. The increase in r...
St Barbara Swings Back to Profit and Secures Funding for Simberi Growth Push
Feb 19, 2026
St Barbara has reported a sharp turnaround in its half-year results to 31 December 2025, posting an underlying profit after tax of A$1.3 million versus a loss of A$48.1 million a year earlier and generating A$18 million in operating cash after sus...
St Barbara quietly builds low-cost exploration pipeline around Nova Scotia hub
Feb 10, 2026
St Barbara has significantly expanded and optimised its Nova Scotia tenement portfolio over FY25 and FY26, assembling 174 exploration licences and one mining lease covering nearly 70,000 hectares. Within a 75-kilometre radius of its planned 15-Mil...
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.