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Ferro-Alloy Resources Ltd.
(LSE:FAR)
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Rating:43Neutral
Price Target:
3.50 p
▼(-21.35% Downside)
Action:Reiterated
Date:05/13/26
The score is driven primarily by very weak financial performance (ongoing losses, negative equity, and continued cash burn). Technicals also weigh on the score due to a clear downtrend across key moving averages and negative MACD, despite near-oversold readings. Valuation provides limited support because the negative P/E reflects unprofitable operations and there is no dividend yield data.
Positive Factors
Focused vanadium asset
FAR’s business is centered on the Balasausqandiq vanadium project, giving the company a clear, asset‑backed pathway to commercial revenues in steel and energy markets. A single large project focus concentrates management and capital on converting resource value into saleable products and by-products, supporting long-term revenue potential if development and processing are successfully executed.
Negative Factors
Negative equity
Negative shareholders’ equity is a structural weakness that limits financial flexibility and increases solvency concerns. It typically constrains access to debt and equity markets on favorable terms, forcing reliance on dilutive or costly capital and raising the long‑term risk that the company cannot fund project completion without significant external support.
Read all positive and negative factors
Positive Factors
Negative Factors
Focused vanadium asset
FAR’s business is centered on the Balasausqandiq vanadium project, giving the company a clear, asset‑backed pathway to commercial revenues in steel and energy markets. A single large project focus concentrates management and capital on converting resource value into saleable products and by-products, supporting long-term revenue potential if development and processing are successfully executed.
Read all positive factors
Ferro-Alloy Resources Ltd. (FAR) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£27.19M
Dividend YieldN/A
Average Volume (3M)2.88M
Price to Earnings (P/E)―
Beta (1Y)1.39
Revenue Growth-7.00%
EPS Growth20.39%
CountryUK
Employees200
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding755,398,400
10 Day Avg. Volume2,621,181
30 Day Avg. Volume2,879,251
Financial Highlights & Ratios
PEG Ratio0.39
Price to Book (P/B)-15.82
Price to Sales (P/S)9.53
P/FCF Ratio-12.98
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)-0.01
Revenue Forecast (FY)N/A
Ferro-Alloy Resources Ltd. Business Overview & Revenue Model
Company Description
Ferro-Alloy Resources Ltd. is a holding company, which engages in the exploration, mining, and processing of vanadium containing materials. It includes sale of vanadium and various byproducts from the Balasausqandiq vanadium deposit in Kazakhstan....
How the Company Makes Money
FAR’s intended revenue model is based on producing and selling vanadium products generated from the Balasausqandiq project. The primary revenue stream is expected to come from sales of vanadium-bearing products (e.g., vanadium pentoxide or other v...
Ferro-Alloy Resources Ltd. Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
18
Very Negative
Cash Flow
16
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.53M | 4.74M | 5.72M | 6.27M | 4.73M |
| Gross Profit | -1.72M | -2.81M | -1.05M | -1.25M | -162.00K |
| EBITDA | -5.97M | -6.83M | -4.51M | -3.70M | -2.29M |
| Net Income | -8.59M | -9.43M | -5.25M | -4.29M | -2.83M |
Balance Sheet | |||||
| Total Assets | 19.35M | 19.26M | 20.02M | 18.95M | 12.94M |
| Cash, Cash Equivalents and Short-Term Investments | 1.68M | 3.78M | 1.95M | 4.33M | 2.81M |
| Total Debt | 17.65M | 17.57M | 7.39M | 1.11M | 1.39M |
| Total Liabilities | 22.08M | 19.54M | 9.80M | 3.54M | 2.28M |
| Stockholders Equity | -2.73M | -271.00K | 10.22M | 15.41M | 10.66M |
Cash Flow | |||||
| Free Cash Flow | -3.33M | -6.59M | -8.99M | -7.77M | -7.52M |
| Operating Cash Flow | -3.04M | -4.27M | -5.08M | -3.43M | -4.98M |
| Investing Cash Flow | -3.68M | -2.27M | -3.91M | -4.30M | -2.54M |
| Financing Cash Flow | 4.47M | 8.40M | 6.51M | 9.19M | 10.06M |
Ferro-Alloy Resources Ltd. Technical Analysis
Negative
4.45
Price Trends
4.46
Negative
4.98
Negative
6.05
Negative
Market Momentum
-0.24
Positive
38.95
Neutral
24.72
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:FAR, the sentiment is Negative. The current price of 4.45 is above the 20-day moving average (MA) of 4.05, below the 50-day MA of 4.46, and below the 200-day MA of 6.05, indicating a bearish trend. The MACD of -0.24 indicates Positive momentum. The RSI at 38.95 is Neutral, neither overbought nor oversold. The STOCH value of 24.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:FAR.
Ferro-Alloy Resources Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | £177.31M | -0.74 | -34.92% | 8.74% | -22.99% | -583.84% | |
49 Neutral | £70.44M | -12.23 | -6.97% | ― | ― | ― | |
46 Neutral | £87.23M | -2.47 | -18.64% | ― | ― | ― | |
45 Neutral | £53.45M | -12.33 | -301.91% | ― | ― | 25.00% | |
45 Neutral | £4.35M | -0.55 | -7.17% | ― | ― | ― | |
43 Neutral | £27.19M | -3.10 | 283.86% | ― | -7.00% | 20.39% |
* Basic Materials Sector Average
GB:FAR
Ferro-Alloy Resources Ltd.
3.80
-5.20
-57.78%
GB:ARS
Asiamet Resources
1.55
0.53
51.96%
GB:IRON
Ironveld
0.02
-0.02
-51.11%
GB:JLP
Jubilee Metals Group
2.70
-0.20
-6.90%
GB:KMR
Kenmare Resources
201.00
-123.28
-38.02%
GB:1SN
First Tin Plc
13.20
7.10
116.39%
Ferro-Alloy Resources Ltd. Corporate Events
Business Operations and Strategy
Ferro-Alloy Resources boosts investor outreach as Kazakh vanadium project economics improve
Positive
Aug 5, 2026
Ferro-Alloy Resources Limited, a vanadium producer listed on the London Stock Exchange, is developing the large Balasausqandiq deposit in Southern Kazakhstan, where it plans phased expansion built on an existing concentrate processing and RD opera...
Business Operations and StrategyExecutive/Board ChangesPrivate Placements and Financing
Ferro-Alloy Resources Raises £5.7m, Repays Bonds and Aligns Management for Balasausqandiq Growth
Positive
Jul 31, 2026
Ferro-Alloy Resources has raised £5.7 million through the issuance of 167,647,046 new ordinary shares at 3.4 pence, a 25.3% discount to its prior closing price, and will admit the shares to trading on the London Stock Exchange’s Main Ma...
Business Operations and StrategyExecutive/Board ChangesPrivate Placements and Financing
Ferro-Alloy Resources raises £5.7m, repays bonds and reshapes leadership incentives
Positive
Jul 31, 2026
Ferro-Alloy Resources Limited has raised £5.7m through the issue of 167.47m new ordinary shares at 3.4p, a 25.3% discount to its prior closing price, while key insiders including CEO Nick Bridgen and major shareholder Vision Blue Resources pa...
Business Operations and StrategyExecutive/Board ChangesPrivate Placements and Financing
Ferro-Alloy Resources reshapes leadership as Balausa vanadium project targets U.S. critical minerals demand
Positive
Jul 31, 2026
Ferro-Alloy Resources has announced a strategic update centred on its Balausa Project, including the appointment of veteran mine builder Peter Secker as chief executive officer from mid-October 2026, with long-serving CEO Nick Bridgen moving to a ...
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.