5E Advanced Materials, Inc. (FEAM)
NASDAQ:FEAM
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5E Advanced Materials, Inc.
(NASDAQ:FEAM)
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Rating:45Neutral
Price Target:
$1.00
▼(-34.21% Downside)
Action:ReiteratedDate:03/31/26
The score is held down primarily by very weak financial performance (large operating losses and continued cash burn), reinforced by poor technicals (price far below key moving averages with negative MACD). Offsetting factors include a relatively low-debt balance sheet, constructive earnings-call progress toward commercialization and financing pathways, and recent capital-raise events that improve near-term funding capacity.
Positive Factors
Low leverage and sizable asset base
Minimal reported debt (~$0.1M) against sizable equity (~$51.6M) and ~$58.6M of assets materially reduces near-term balance-sheet risk. This provides structural optionality to fund FEED/commercialization, support working capital and access collateralable capacity while pursuing non-dilutive programs.
Negative Factors
Sustained cash burn and heavy losses
Material negative operating cash flow (~-$21.5M TTM), free cash flow (~-$23.5M) and large EBIT losses (~-$41.4M) show the company cannot self-fund operations or project development. Continued cash burn forces reliance on external financing, increasing dilution risk and constraining capital available to advance FEED and commercialization.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage and sizable asset base
Minimal reported debt (~$0.1M) against sizable equity (~$51.6M) and ~$58.6M of assets materially reduces near-term balance-sheet risk. This provides structural optionality to fund FEED/commercialization, support working capital and access collateralable capacity while pursuing non-dilutive programs.
Read all positive factors
5E Advanced Materials, Inc. (FEAM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$63.10M
Dividend YieldN/A
Average Volume (3M)250.73K
Price to Earnings (P/E)―
Beta (1Y)1.63
Revenue GrowthN/A
EPS Growth80.73%
CountryUS
Employees57
SectorBasic Materials
Sector Strength58
IndustryConstruction Materials
Share Statistics
EPS (TTM)-0.48
Shares Outstanding41,511,883
10 Day Avg. Volume556,167
30 Day Avg. Volume250,726
Financial Highlights & Ratios
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 Cap0.56
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit-3.08
Enterprise Value/Ebitda-11.51
Forecast
1Y Price Target
$4.88Price Target Upside221.05% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-1.64
Revenue Forecast (FY)N/A
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 Souther...
How the Company Makes Money
null...
5E Advanced Materials, Inc. Earnings Call Summary
Earnings Call Date:Feb 17, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Sep 30, 2026
Earnings Call Sentiment Positive
The call emphasized tangible progress across technical validation, federal engagement, resource expansion, and IP protection, with notable commercial validation via a full-scale glass trial and expanded customer discussions. Key near-term milestones remain contingent on winning competitive federal funding, finalizing non-dilutive financing, converting trials into offtake agreements, and making a final investment decision. Market concentration in Turkey and the absence of committed financing or offtake agreements represent material risks, but the company presented multiple strong strategic and technical indicators of forward momentum.Positive Updates
Federal Engagement and Financing Pathways
Advanced discussions with multiple U.S. agencies and financing programs: ongoing engagement with the Export-Import Bank (previous letter of interest), progression toward XM engineering multiplier underwriting (designed to fund a significant portion of FEED activities), evaluation of DOE Loan Programs Office, Office of Strategic Capital and U.S. DFC. Submitted a detailed application to DOE's 'Mines of the Future' NOFO aligning with 8 of 9 DOE focus areas.
Negative Updates
No Final Investment Decision (FID) or Committed Financing Yet
Company is still in pre-FID and FEED stages with financing not finalized; project advancement is contingent on securing non-dilutive federal funding and broader financing strategies—no committed offtake agreements or construction financing announced.
Read all updates
Q2-2026 Updates
Positive
Negative
Federal Engagement and Financing Pathways
Advanced discussions with multiple U.S. agencies and financing programs: ongoing engagement with the Export-Import Bank (previous letter of interest), progression toward XM engineering multiplier underwriting (designed to fund a significant portion of FEED activities), evaluation of DOE Loan Programs Office, Office of Strategic Capital and U.S. DFC. Submitted a detailed application to DOE's 'Mines of the Future' NOFO aligning with 8 of 9 DOE focus areas.
Read all positive updates
Company Guidance
Guidance from the Q2 call centered on three near‑term priorities—convert customer validation into structured offtake agreements, execute pre‑FID and FEED workstreams to reach a final investment decision, and advance non‑dilutive federal financing—backed by several measurable items: completed a full‑scale glass trial and an initial large‑scale shipment (moving commercial talks toward offtake structures), targeted delivery of magnet‑grade Ferroboron samples for testing in late spring, advancement of XM engineering multiplier talks (potential to fund a significant portion of FEED after a government shutdown delay), a submitted DOE Mines of the Future NOFO application (Fort Cady aligns with 8 of 9 DOE focus areas; winners expected next month), continued engagement with US EXIM (existing letter of interest), DOE Loan Programs Office, Office of Strategic Capital and DFC, and project economics supported by a pre‑feasibility that shows nearly a 40‑year mine life based on proven & probable reserves and Phase 1 economics—all set against a market where Turkey holds ~70% of global reserves and ~65% of production.5E Advanced Materials, Inc. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
16
Very 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 | -11.46M | -20.15M | 0.00 | 0.00 | 0.00 | -5.97M |
| EBITDA | -3.06M | -4.97M | -50.48M | -23.42M | -66.47M | -17.60M |
| Net Income | -26.02M | -31.55M | -62.01M | -30.62M | -66.71M | -19.25M |
Balance Sheet | ||||||
| Total Assets | 58.61M | 70.73M | 89.50M | 100.90M | 70.89M | 64.61M |
| Cash, Cash Equivalents and Short-Term Investments | 571.00K | 3.84M | 4.90M | 20.32M | 31.06M | 40.81M |
| Total Debt | 111.00K | 215.00K | 65.16M | 37.92M | 561.00K | 309.00K |
| Total Liabilities | 6.99M | 7.54M | 78.80M | 47.33M | 8.22M | 2.28M |
| Stockholders Equity | 51.62M | 63.19M | 10.71M | 53.57M | 62.66M | 62.33M |
Cash Flow | ||||||
| Free Cash Flow | -23.53M | -23.76M | -34.06M | -70.78M | -40.02M | -23.07M |
| Operating Cash Flow | -21.49M | -23.64M | -26.87M | -30.70M | -28.61M | -10.89M |
| Investing Cash Flow | -3.99M | -1.97M | -7.19M | -39.31M | -11.40M | -12.96M |
| Financing Cash Flow | 25.23M | 24.55M | 18.63M | 59.27M | 30.62M | 37.77M |
5E Advanced Materials, Inc. Technical Analysis
Negative
1.52
Price Trends
1.85
Negative
2.78
Negative
3.49
Negative
Market Momentum
-0.13
Negative
43.59
Neutral
79.35
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FEAM, the sentiment is Negative. The current price of 1.52 is below the 20-day moving average (MA) of 1.56, below the 50-day MA of 1.85, and below the 200-day MA of 3.49, indicating a bearish trend. The MACD of -0.13 indicates Negative momentum. The RSI at 43.59 is Neutral, neither overbought nor oversold. The STOCH value of 79.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FEAM.
5E Advanced Materials, Inc. Risk Analysis
5E Advanced Materials, Inc. disclosed 79 risk factors in its most recent earnings report. 5E Advanced Materials, Inc. reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
5E Advanced Materials, Inc. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $3.91B | 28.06 | 23.07% | 0.19% | 20.27% | 31.94% | |
73 Outperform | $17.99B | 1.73 | 10.45% | 0.74% | -6.34% | 210.97% | |
72 Outperform | $37.73B | 33.02 | 11.90% | 0.51% | 1.99% | -41.08% | |
63 Neutral | $154.10M | 17.01 | 25.02% | ― | 16.37% | 81.03% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | $968.32M | 20.64 | 11.98% | 5.46% | 9.24% | 24.01% | |
45 Neutral | $63.10M | -1.59 | -43.14% | ― | ― | 80.73% |
* Basic Materials Sector Average
FEAM
5E Advanced Materials, Inc.
1.52
-2.66
-63.64%
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MLM
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136.44
27.90%
USLM
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136.24
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SMID
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5E Advanced Materials, Inc. Corporate Events
Business Operations and StrategyPrivate Placements and Financing
5E Advanced Materials Raises $36 Million in Equity Offering
Positive
Feb 3, 2026
On February 3, 2026, 5E Advanced Materials closed an upsized, oversubscribed U.S. public offering of 18 million common shares at $2.00 each, raising gross proceeds of $36 million and an estimated $30.3 million in net proceeds after fees and expens...
Private Placements and FinancingShareholder Meetings
5E Advanced Materials Issues Warrants for EXIM-Backed Financing
Positive
Jan 12, 2026
On December 8, 2025, stockholders of 5E Advanced Materials, Inc. approved the company’s entry into a letter agreement to issue warrants to purchase common stock to BEP Special Situations IV LLC and Ascend Global Investment Fund SPC, or their...
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.