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First Graphene Ltd (FGR) AI Stock Analysis
First Graphene Ltd
(ASX:FGR)
The overall score is heavily dragged down by continuous fundamental losses and poor technical momentum. The primary risks are severe operational unprofitability, negative cash flow generation, and an unfavorable valuation profile. Technically, the stock remains in a confirmed downtrend below key long-term moving averages. The only redeeming factor is a highly deleveraged balance sheet, which provides marginal stability but cannot offset the overarching performance and momentum challenges.
First Graphene Ltd (FGR) vs. iShares MSCI Australia ETF (EWA)
- Market Cap
- AUD 29.29M
- Dividend Yield
- ―
- Average Volume (3M)
- 354.19K
- Price to Earnings (P/E)
- -6.4
- Beta (1Y)
- 0.74
- Revenue Growth
- 14.77%
- EPS Growth
- 16.88%
- Country
- Australia
- Employees
- 195
- Sector
- Basic Materials
- Sector Strength
- 61
- Industry
- Chemicals
First Graphene Ltd Business Overview & Revenue Model
Company Description
First Graphene Limited, an Australian enterprise, is actively engaged in the comprehensive lifecycle of graphene products, from initial research, development, and mining to their manufacture and global distribution. The company organizes its operatio...
How the Company Makes Money
First Graphene makes money primarily by selling graphene materials and related product solutions to customers and partners for use in industrial formulations. Its main revenue stream is the sale of its graphene products (including PureGRAPH® graphene...
First Graphene Ltd Financial Statement Overview
Summary
First Graphene maintains a highly conservative balance sheet with minimal debt and positive equity. However, this is overshadowed by massive operating losses relative to its small revenue base and persistent negative cash flow, highlighting major operational sustainability risks.
Income Statement
25NegativeBalance Sheet
75PositiveCash Flow
30Negative| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 537.59K | 537.59K | 468.40K | 492.00K | 861.17K | 723.32K |
| Gross Profit | -144.03K | 220.56K | 17.86K | 100.74K | -542.17K | -103.61K |
| EBITDA | -4.39M | -4.07M | -3.72M | -5.07M | -5.01M | -5.71M |
| Net Income | -5.40M | -5.40M | -5.48M | -5.75M | -5.42M | -5.02M |
Balance Sheet | ||||||
| Total Assets | 8.08M | 8.08M | 8.08M | 9.64M | 11.71M | 15.42M |
| Cash, Cash Equivalents and Short-Term Investments | 2.87M | 2.87M | 2.61M | 3.16M | 3.23M | 7.00M |
| Total Debt | 339.36K | 339.36K | 3.07M | 3.55M | 4.59M | 6.31M |
| Total Liabilities | 1.01M | 1.01M | 3.59M | 4.04M | 4.86M | 7.04M |
| Stockholders Equity | 7.07M | 7.07M | 4.49M | 5.50M | 6.66M | 8.19M |
Cash Flow | ||||||
| Free Cash Flow | -2.78M | -2.78M | -2.78M | -2.87M | -3.54M | -4.49M |
| Operating Cash Flow | -2.39M | -2.39M | -2.72M | -2.82M | -3.40M | -4.40M |
| Investing Cash Flow | -383.84K | -383.84K | -163.47K | -52.48K | -139.80K | -90.58K |
| Financing Cash Flow | 3.05M | 3.05M | 2.37M | 2.81M | -236.67K | 4.42M |
First Graphene Ltd Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:FGR, 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 0.05, and below the 200-day MA of 0.06, indicating a bearish trend. The MACD of -0.00 indicates Positive momentum. The RSI at 23.55 is Positive, neither overbought nor oversold. The STOCH value of 2.22 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:FGR.
First Graphene Ltd Peers Comparison
Overall Rating
AU:RDX68Neutral
AU:HZR49Neutral
AU:ATC43Neutral
AU:FGR42Neutral
AU:FGH41Neutral
AU:CG139Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| 68Neutral | AUD 1.82B | 19.83 | 16.51% | 3.75% | 6.95% | 19.21% | |
| Sector * | 61Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
| 49Neutral | AUD 73.66M | -7.00 | -87.35% | ― | -96.81% | -19.09% | |
| 43Neutral | AUD 4.00M | -0.10 | -174.71% | ― | ― | -107.04% | |
| 42Neutral | AUD 34.62M | -6.39 | -67.92% | ― | 14.77% | 16.88% | |
| 41Neutral | AUD 37.16M | -3.93 | -1186.33% | ― | ― | -84.62% | |
| 39Underperform | AUD 28.60M | -6.05 | -75.44% | ― | -3.10% | 39.78% |
* Basic Materials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AU:FGR | First Graphene Ltd | 0.04 | -0.05 | -55.17% | |
| AU:FGH | Leaf Resources Limited | 0.01 | -0.02 | -61.76% | |
| AU:HZR | Hazer Group Ltd. | 0.28 | -0.29 | -51.33% | |
| AU:CG1 | Carbonxt Group Ltd. | 0.07 | -0.03 | -34.00% | |
| AU:ATC | Altech Chemicals Limited | 0.01 | -0.03 | -75.00% | |
| AU:RDX | Redox Limited | 3.47 | 0.82 | 30.70% |
First Graphene Ltd Corporate Events
First Graphene Seeks ASX Quotation for Additional Ordinary Shares
First Graphene Limited, trading on the ASX as FGR, is an Australia-registered entity that offers ordinary fully paid shares to investors. The company sits within the advanced materials sector, with its equity securities providing a vehicle for partic...
First Graphene Sets November Date for Digitally Focused AGM
First Graphene Limited has announced details of its upcoming Annual General Meeting, which will be held at the company’s Henderson, Western Australia premises at 1:00pm AWST on Friday, 27 November 2026. Shareholders can access the Notice of Mee...
First Graphene lifts quarterly income and expands global PureGRAPH partnerships
First Graphene reported unaudited combined income of about A$201,000 for the first quarter of FY2027, reflecting a 21% increase on the prior year period and driven by graphene sales and collaborative R&D programs. Revenue was split roughly evenly...
First Graphene Director Increases Shareholding via Performance Rights Conversion
First Graphene Ltd has disclosed a change in the interests of director Michael Quinert, reflecting the conversion of performance rights into fully paid ordinary shares. The transaction, executed through the company’s Incentive Award Plan, resul...
First Graphene Seeks Quotation for Additional ASX Shares
First Graphene Ltd is an ASX-listed company operating in the advanced materials sector, focused on the development and commercialisation of graphene-based products. The company targets industrial applications where high-performance materials can enha...
First Graphene wins first sports footwear production order with Flux Footwear
First Graphene has secured its first production order in the global sports footwear market, with US-based Flux Footwear set to incorporate PureGRAPH into its athletic and leisure shoes. Flux will use the graphene-enhanced material to strengthen its G...
First Graphene seals Aeropreg deal to commercialise graphene carbon fibre prepregs
First Graphene has entered a three-year Development and Commercialisation Agreement with Turkish prepreg producer Aeropreg to create graphene-enhanced carbon fibre prepreg using its PureGRAPH additives and proprietary epoxy concentrates. The collabor...
First Graphene expands UK partnership as PureGRAPH sensors enter heat flux market
First Graphene has signed a three-year Strategic Partner Agreement with UK-based Vector Companies Group to expand commercial opportunities for its PureGRAPH graphene products. The deal allows Vector to introduce end-users to First Graphene and purcha...
First Graphene files 2026 corporate governance statement with ASX
First Graphene has lodged its corporate governance statement for the year ended 30 June 2026 within its annual report, detailing how it complies with ASX Corporate Governance Council principles. The statement, current as at 25 September 2026 and boar...
First Graphene’s 2026 Annual Report Underscores Global Footprint and Governance Framework
First Graphene Ltd’s 2026 annual report highlights its corporate structure and governance, led by a board chaired by non-executive chairman Warwick Grigor and managed by CEO Michael Bell. The report details the company’s registered office...
First Graphene Wins First Production Order for Fire-Safe Mining Polyurethane
First Graphene Ltd has secured its first production purchase order from Australian polyurethane specialist Pacific Urethanes for the use of its PureGRAPH graphene additive in fire-retardant polyurethane systems for mining. The deal introduces a new c...
First Graphene Director Converts Performance Rights Into Shares
First Graphene Limited, an advanced materials company specialising in graphene-based solutions, continues to use equity incentives such as performance rights and listed options to align its leadership team with shareholder returns. The company’...
First Graphene seeks quotation of additional ASX shares after option conversions
First Graphene Ltd, an advanced materials producer specialising in graphene-based products, trades on the Australian Securities Exchange under the ticker FGR and aims to supply high-performance materials for industrial markets. The company has applie...
First Graphene Updates Director Equity Holdings After Performance Rights Conversion
First Graphene Limited has disclosed a change in the securities held by director Dr Andrew James Goodwin, reflecting adjustments in his direct and indirect interests in the company. The notice details movements in fully paid ordinary shares, performa...
First Graphene Expands ASX Quoted Shares with Modest New Issue
First Graphene Ltd has applied to the ASX for quotation of 120,222 new ordinary fully paid shares, to be issued on 7 September 2026. The modest increase in quoted securities slightly expands the company’s equity base and free float, signalling...
First Graphene Narrows Annual Loss as Revenue and Asset Backing Improve
First Graphene Limited reported a 14.8% increase in revenue from ordinary activities to $537,594 for the year ended 30 June 2026, while narrowing its loss after tax attributable to members to $5,396,082 from $5,483,025 a year earlier. Net tangible as...
First Graphene Seeks ASX Quotation for Additional Ordinary Shares
First Graphene Limited has lodged an application with the Australian Securities Exchange for quotation of 855,843 new ordinary fully paid shares, issued following the exercise of options or conversion of other securities. The new FGR shares, dated 20...
First Graphene director equity adjusted as performance rights lapse
First Graphene Ltd has reported a change in the holdings of director Michael Quinert, following the lapse of certain performance rights after vesting conditions were tested as at 30 June 2026. The update, lodged with the ASX, details the cancellation...
First Graphene Issues New Performance Rights Under Employee Incentive Scheme
First Graphene Ltd has notified the market of the issuance of unquoted performance rights under its employee incentive scheme. The company has allocated 436,769 FGRAC performance rights, with an issue date of 30 June 2026, which are not intended to b...
First Graphene Announces Lapse of Performance Rights
First Graphene Ltd is an ASX-listed advanced materials company focused on the development and commercialisation of graphene-based products. The company’s securities trade under the ticker FGR on the Australian Securities Exchange, reflecting it...
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.
Date of analysis: Sep 11, 2026