5E Advanced Materials, Inc. (FEAM) AI Stock Analysis

• Market Cap: $83.27M
• Dividend Yield: N/A
• Average Volume (3M): 250.73K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.52
• Revenue Growth: N/A
• EPS Growth: 80.73%
• Country: US
• Employees: 57
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Construction Materials
• EPS (TTM): -0.51
• Shares Outstanding: 22,444,588
• 10 Day Avg. Volume: 556,167
• 30 Day Avg. Volume: 250,726
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.45
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.18
• Enterprise Value/Market Cap: 0.80
• Enterprise Value/Revenue: 9.38
• Enterprise Value/Gross Profit: 42.12
• Enterprise Value/Ebitda: -14.88
• 1Y Price Target: $8.13
• Price Target Upside: 119.14% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 44 Neutral
• Price Target: $3.00 ▼(-19.14% Downside)

The score is held down primarily by very weak financial performance (large losses and persistent cash burn despite early commercialization revenue) and bearish technical trend signals. Partially offsetting these are relatively low current balance-sheet leverage and a more positive earnings-call outlook tied to critical-mineral positioning, funding pathways, and project/customer validation progress.

Positive Factors

Strategic Positioning

The critical mineral designation enhances 5E's strategic positioning, increasing access to federal funding and strengthening its market presence in critical sectors.

Resource Expansion

The significant resource upgrade positions 5E as a major U.S. borate producer, securing long-term supply chain stability and potential for future expansion.

Innovative Mining Process

The proprietary mining process reduces costs and environmental impact, creating competitive barriers and enhancing long-term operational efficiency.

Negative Factors

Weak Cash Flow

Persistent negative cash flow indicates ongoing reliance on external funding, posing risks to financial stability and operational sustainability.

Profitability Challenges

Severe profitability issues reflect operational inefficiencies and hinder the ability to generate shareholder value, impacting long-term viability.

Operational Variability

Variability in resource quality affects production forecasts and economic models, increasing uncertainty in project outcomes and financial projections.

5E Advanced Materials, Inc. Business Overview & Revenue Model

Company Description

5E Advanced Materials Inc. engages in the exploration and development of mineral properties in Australia and the United States. The company primarily explores for borates and lithium deposits. It focuses on the Fort Cady project located in Southern California. The company was formerly known as American Pacific Borates Limited. 5E Advanced Materials Inc. was incorporated in 2016 and is headquartered in Houston, Texas.

How the Company Makes Money

5E Advanced Materials, Inc. generates revenue primarily through the extraction, processing, and sale of boron and lithium products. The company capitalizes on the growing demand for these materials in various high-value applications, including electric vehicle batteries, solar power systems, and specialty glass. Revenue streams are bolstered by long-term supply agreements with key industrial players, strategic partnerships, and possibly government contracts aimed at securing critical materials for technological advancement and energy transition. The company's earnings are influenced by the global demand and pricing for boron and lithium, as well as its operational efficiency and production capacity.

5E Advanced Materials, Inc. Financial Statement Overview

Summary

5E Advanced Materials, Inc. faces significant financial hurdles across all financial statement verticals. The income statement shows a lack of profitability and revenue growth, the balance sheet highlights financial instability with negative equity, and cash flow issues indicate reliance on external financing. These factors collectively suggest substantial financial risk and a need for strategic restructuring or operational improvements.

Income Statement

5E Advanced Materials, Inc. is experiencing significant financial challenges, as indicated by negative gross profit margins and net profit margins. The company has not been able to generate consistent revenue, resulting in no revenue growth. The EBIT and EBITDA margins are also substantially negative, reflecting operational inefficiencies.

Balance Sheet

The company has a negative equity position, indicating potential financial distress. The debt-to-equity ratio is difficult to evaluate positively due to negative equity, and the equity ratio is negative, suggesting that liabilities exceed assets. This balance sheet structure increases financial risk and limits future borrowing capacity.

Cash Flow

The cash flow analysis reveals persistent negative free cash flow, which is worsening over time. The operating cash flow to net income ratio is not favorable, indicating cash flow issues. The company is heavily reliant on financing activities to sustain operations, which could pose long-term sustainability concerns.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	7.13M	0.00	0.00	0.00	0.00	0.00
Gross Profit	1.59M	-20.15M	0.00	0.00	0.00	-5.97M
EBITDA	-4.49M	-4.97M	-50.48M	-23.42M	-66.47M	-17.60M
Net Income	-29.39M	-31.55M	-62.01M	-30.62M	-66.71M	-19.25M
Balance Sheet
Total Assets	68.72M	70.73M	89.50M	100.90M	70.89M	64.61M
Cash, Cash Equivalents and Short-Term Investments	5.47M	3.84M	4.90M	20.32M	31.06M	40.81M
Total Debt	130.00K	215.00K	65.16M	37.92M	561.00K	309.00K
Total Liabilities	8.52M	7.54M	78.80M	47.33M	8.22M	2.28M
Stockholders Equity	60.20M	63.19M	10.71M	53.57M	62.66M	62.33M
Cash Flow
Free Cash Flow	-23.21M	-23.76M	-34.06M	-70.78M	-40.02M	-23.07M
Operating Cash Flow	-21.56M	-23.64M	-26.87M	-30.70M	-28.61M	-10.89M
Investing Cash Flow	-3.02M	-1.97M	-7.19M	-39.31M	-11.40M	-12.96M
Financing Cash Flow	23.20M	24.55M	18.63M	59.27M	30.62M	37.77M

5E Advanced Materials, Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3.71
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FEAM, the sentiment is Positive. The current price of 3.71 is above the 20-day moving average (MA) of 3.52, below the 50-day MA of 3.94, and below the 200-day MA of 4.13, indicating a neutral trend. The MACD of -0.13 indicates Negative momentum. The RSI at 51.68 is Neutral, neither overbought nor oversold. The STOCH value of 78.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FEAM.

5E Advanced Materials, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CX	78 Outperform	$18.83B	13.40	7.10%	0.74%	-6.34%	210.97%
CPAC	74 Outperform	$936.09M	14.54	16.04%	5.46%	9.24%	24.01%
MLM	73 Outperform	$38.48B	35.12	11.63%	0.51%	1.99%	-41.08%
SMID	67 Neutral	$183.12M	15.58	25.46%	―	16.37%	81.03%
USLM	63 Neutral	$3.65B	28.67	24.29%	0.19%	20.27%	31.94%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
FEAM	44 Neutral	$83.27M	-0.55	-94.35%	―	―	80.73%

5E Advanced Materials, Inc. Corporate Events

5E Advanced Materials Holds Successful Annual Meeting

On December 8, 2025, 5E Advanced Materials, Inc. held its 2025 Annual Meeting where several key proposals were voted upon. The meeting saw the election of four directors to the Board, the ratification of PricewaterhouseCoopers LLP as the independent auditor for the fiscal year ending June 30, 2026, and the approval of various proposals including director compensation, plan amendments, and stock issuance. All proposals received sufficient votes for approval, indicating strong shareholder support for the company’s strategic decisions.

The most recent analyst rating on (FEAM) stock is a Buy with a $9.25 price target. To see the full list of analyst forecasts on 5E Advanced Materials, Inc. stock, see the FEAM Stock Forecast page.

5E Advanced Materials Amends Warrants for Cashless Exercise

In March 2025, 5E Advanced Materials, Inc. issued warrants to purchase shares of common stock to several investment entities as part of its restructuring and recapitalization. On December 4, 2025, the company amended these warrants to allow cashless exercises, resulting in the full exercise of the warrants and generating approximately $2.0 million in proceeds, with the issuance of 1,067,296 shares of common stock. As of December 8, 2025, the company had 23,511,883 shares of common stock issued and outstanding.

The most recent analyst rating on (FEAM) stock is a Buy with a $9.25 price target. To see the full list of analyst forecasts on 5E Advanced Materials, Inc. stock, see the FEAM Stock Forecast page.

5E Advanced Materials Boosts Fort Cady Resource Estimates

On November 19, 2025, 5E Advanced Materials announced a significant upgrade to its mineral resource estimates at the Fort Cady Project in California, effective November 15, 2025. The updated estimates show a 61% increase in measured and indicated borate resources and a 54% increase in lithium resources. This enhancement positions 5E as a potential leading borate producer in the U.S., with the project offering expansion options for future production. The resource upgrade underscores Fort Cady’s potential to secure a domestic boron supply chain, aligning with its designation as a critical mineral by the U.S. government.

The most recent analyst rating on (FEAM) stock is a Buy with a $7.00 price target. To see the full list of analyst forecasts on 5E Advanced Materials, Inc. stock, see the FEAM Stock Forecast page.

5E Advanced Materials Announces Virtual Annual Meeting

5E Advanced Materials, Inc. has scheduled its 2025 Annual Meeting of Stockholders for December 8, 2025, which will be conducted virtually. Stockholders interested in proposing business or nominating directors must submit notices by October 13, 2025, in accordance with the company’s bylaws.

The most recent analyst rating on (FEAM) stock is a Buy with a $7.00 price target. To see the full list of analyst forecasts on 5E Advanced Materials, Inc. stock, see the FEAM Stock Forecast page.