Sheffield Resources Limited (AU:SFX)
ASX:SFX
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Sheffield Resources Limited
(Sydney:SFX)
Select Model
Select Model
Rating:44Neutral
Price Target:
AU$0.04
▲(10.00% Upside)
Action:ReiteratedDate:03/06/26
The score is held down primarily by weak operating performance and ongoing cash burn, reinforced by bearish technicals (price below key moving averages and negative MACD). A debt-free balance sheet provides a meaningful offset, but valuation is difficult to support given losses and no dividend.
Positive Factors
Debt-free balance sheet
Zero reported debt provides durable financial flexibility for a capital-intensive developer. It lowers refinancing and insolvency risk, makes the company a more credible partner for offtake or project finance, and gives management time to execute Thunderbird without immediate debt servicing pressures.
Negative Factors
Persistent negative cash flow
Consistent negative operating and free cash flow indicates the business is not yet self-funding. Continued cash burn forces reliance on equity dilution, asset sales or external financing, which can delay development, dilute returns, and constrain ability to execute strategic plans over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero reported debt provides durable financial flexibility for a capital-intensive developer. It lowers refinancing and insolvency risk, makes the company a more credible partner for offtake or project finance, and gives management time to execute Thunderbird without immediate debt servicing pressures.
Read all positive factors
Sheffield Resources Limited (SFX) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$17.80M
Dividend YieldN/A
Average Volume (3M)515.92K
Price to Earnings (P/E)―
Beta (1Y)1.26
Revenue GrowthN/A
EPS Growth31.75%
CountryAU
Employees2
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.04
Shares Outstanding395,527,300
10 Day Avg. Volume310,494
30 Day Avg. Volume515,918
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)0.54
Price to Sales (P/S)174.34
P/FCF Ratio-26.63
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.07Price Target Upside81.48% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)-0.05
Revenue Forecast (FY)N/A
Sheffield Resources Limited Business Overview & Revenue Model
Company Description
Sheffield Resources Limited explores for and develops mineral properties in Australia. The company explores for zircon, rutile, ilmenite, leucoxene, and titanium minerals. Its flagship project is the Thunderbird mineral sands property located in t...
How the Company Makes Money
SFX’s intended revenue model is based on developing and operating a mineral sands mine and processing facilities at the Thunderbird Project, then selling mineral sands products—primarily ilmenite and zircon (and potentially other heavy mineral con...
Sheffield Resources Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
74
Positive
Cash Flow
32
Negative
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 362.00K | 0.00 | 0.00 | 0.00 | 215.00K |
| Gross Profit | 362.00K | 0.00 | 0.00 | 0.00 | -457.00K |
| EBITDA | -22.05M | -313.00K | -3.24M | -2.53M | 32.99M |
| Net Income | -22.05M | -32.19M | -8.61M | 26.08M | 28.01M |
Balance Sheet | |||||
| Total Assets | 116.81M | 138.58M | 169.92M | 155.80M | 129.87M |
| Cash, Cash Equivalents and Short-Term Investments | 7.09M | 9.88M | 24.41M | 40.22M | 6.52M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 243.00K | 447.00K | 302.00K | 174.00K | 1.48M |
| Stockholders Equity | 116.56M | 138.13M | 169.62M | 155.63M | 128.39M |
Cash Flow | |||||
| Free Cash Flow | -2.37M | -4.57M | -2.23M | -2.32M | -12.80M |
| Operating Cash Flow | -2.37M | -2.31M | -2.23M | -2.13M | -7.26M |
| Investing Cash Flow | -420.00K | -12.19M | -35.30M | 35.83M | -5.83M |
| Financing Cash Flow | 0.00 | -31.00K | 21.71M | 0.00 | 12.52M |
Sheffield Resources Limited Technical Analysis
Negative
0.04
Price Trends
0.06
Negative
0.07
Negative
0.11
Negative
Market Momentum
>-0.01
Negative
33.27
Neutral
>-0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SFX, the sentiment is Negative. The current price of 0.04 is below the 20-day moving average (MA) of 0.05, below the 50-day MA of 0.06, and below the 200-day MA of 0.11, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 33.27 is Neutral, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:SFX.
Sheffield 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% | |
46 Neutral | AU$62.83M | -27.51 | -4.25% | ― | ― | 54.26% | |
45 Neutral | AU$103.05M | -21.61 | -10.82% | ― | ― | -166.67% | |
45 Neutral | AU$103.18M | -12.92 | -67.75% | ― | ― | -414.88% | |
44 Neutral | AU$17.80M | -0.46 | -10.16% | ― | ― | 31.75% | |
44 Neutral | AU$65.85M | 0.45 | 142.67% | ― | ― | -278.88% |
* General Sector Average
AU:SFX
Sheffield Resources Limited
0.05
-0.16
-78.05%
AU:MTH
Mithril Resources Ltd
0.34
0.00
0.00%
AU:DRE
Dreadnought Resources Limited
0.02
<0.01
50.00%
AU:HAS
Hastings Technology Metals Limited
0.47
0.17
58.70%
AU:CZR
CZR Resources Ltd
0.28
>-0.01
-3.51%
Sheffield Resources Limited Corporate Events
Sheffield Resources Restarts Operations at Thunderbird Mineral Sands Mine
Mar 18, 2026
Sheffield Resources has resumed mining and processing operations at the Thunderbird Mineral Sands Mine in Western Australia after repairing its Dry Mining Unit. The operation is run through its 50:50 joint venture, Kimberley Mineral Sands, with Ch...
Sheffield pulls Thunderbird outlook as operational setbacks hit output
Mar 10, 2026
Sheffield Resources has withdrawn its March 2026 quarter production and shipment outlook for the Thunderbird Mineral Sands Mine in Western Australia, citing reduced dozer fleet availability, lower mining contractor productivity and ongoing seasona...
Sheffield Resources Releases Interim Half-Year Financial Report
Feb 24, 2026
Sheffield Resources Limited has released its interim financial report for the half year ended 31 December 2025, providing consolidated financial statements, changes in equity, and cash flow information. The report also details updates on ore reser...
Sheffield Resources Clears Lapsed Options and Performance Rights From Capital Structure
Feb 23, 2026
Sheffield Resources Limited has announced the lapse of a series of options and performance rights, resulting in the cessation of a significant number of potential securities. The expired instruments include 19,096 options and 2,289,730 performance...
Sheffield Resources Names Bruce Franzen Company Secretary as Di Silvio Departs
Jan 29, 2026
Sheffield Resources has announced the appointment of experienced resources-sector executive and certified practicing accountant Bruce Franzen as Company Secretary, effective 28 February 2026, following the resignation of Chief Financial Officer an...
Sheffield Flags Softer Thunderbird Output but Strong Shipments Amid Zircon Market Headwinds
Jan 28, 2026
Sheffield Resources reported that its Thunderbird Mineral Sands Mine, held through the 50%-owned Kimberley Mineral Sands joint venture, experienced a softer December quarter with ore mined falling 7% and concentrate production down 15% quarter-on-...
Sheffield Reshapes Thunderbird Debt as Sheng Feng Assumes Orion Loan Facility
Jan 28, 2026
Sheffield Resources has announced that Sheng Feng (Hong Kong) Co., Ltd, a related party of joint-venture partner Yansteel, will assume all rights and obligations under the existing Production Linked Loan Note Facility previously held by Orion, wit...
Sheffield Resources Halts Trading Ahead of Kimberley Mineral Sands Financing Update
Jan 22, 2026
Sheffield Resources has requested and been granted a trading halt in its securities on the ASX while it prepares an announcement regarding financing facilities for the Kimberley Mineral Sands joint venture. The halt, aimed at managing the company&...
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.