Want to see AU:FGR full AI Analyst Report?
Top Page
First Graphene Ltd
(Sydney:FGR)
Select Model
Select Model
Rating:42Neutral
Price Target:
AU$0.06
â–¼(-6.67% Downside)
Action:Reiterated
Date:09/11/26
The score is primarily constrained by weak financial performance—persistent losses and ongoing negative operating/free cash flow—despite improved leverage from sharply reduced debt. Technical signals are also subdued with the stock trading below key longer-term moving averages and negative MACD, while valuation provides little support due to a negative P/E and no indicated dividend yield.
Positive Factors
Lower Leverage
The substantial reduction in leverage lowers solvency risk and improves financial flexibility relative to the prior year. A less debt-intensive balance sheet can reduce financing pressure and give the company more capacity to manage ongoing development while pursuing commercial growth.
Negative Factors
Persistent Unprofitability
Recurring operating and net losses show that the business has not yet converted its revenue base and improved gross margin into sustainable profitability. Continued negative margins can erode equity over time and may constrain the resources available for product development and commercialization.
Read all positive and negative factors
Positive Factors
Negative Factors
Lower Leverage
The substantial reduction in leverage lowers solvency risk and improves financial flexibility relative to the prior year. A less debt-intensive balance sheet can reduce financing pressure and give the company more capacity to manage ongoing development while pursuing commercial growth.
Read all positive factors
First Graphene Ltd (FGR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$48.78M
Dividend YieldN/A
Average Volume (3M)386.60K
Price to Earnings (P/E)―
Beta (1Y)0.80
Revenue Growth14.77%
EPS Growth20.78%
CountryAU
Employees195
SectorBasic Materials
Sector Strength58
IndustryChemicals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding886,912,000
10 Day Avg. Volume419,264
30 Day Avg. Volume386,598
Financial Highlights & Ratios
PEG Ratio0.50
Price to Book (P/B)7.87
Price to Sales (P/S)103.58
P/FCF Ratio-20.04
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)N/A
Revenue Forecast (FY)N/A
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 opera...
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® graph...
First Graphene Ltd Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
46
Neutral
Cash Flow
22
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 537.59K | 468.40K | 492.00K | 861.17K | 723.32K |
| Gross Profit | 220.56K | 17.86K | 100.74K | -542.17K | -103.61K |
| EBITDA | -4.07M | -3.72M | -5.07M | -5.01M | -5.71M |
| Net Income | -5.40M | -5.48M | -5.75M | -5.42M | -5.02M |
Balance Sheet | |||||
| Total Assets | 8.08M | 8.08M | 9.64M | 11.71M | 15.42M |
| Cash, Cash Equivalents and Short-Term Investments | 2.87M | 2.61M | 3.16M | 3.23M | 7.00M |
| Total Debt | 339.36K | 3.07M | 3.55M | 4.59M | 6.31M |
| Total Liabilities | 1.01M | 3.59M | 4.04M | 4.86M | 7.04M |
| Stockholders Equity | 7.07M | 4.49M | 5.50M | 6.66M | 8.19M |
Cash Flow | |||||
| Free Cash Flow | -2.78M | -2.78M | -2.87M | -3.54M | -4.49M |
| Operating Cash Flow | -2.39M | -2.72M | -2.82M | -3.40M | -4.40M |
| Investing Cash Flow | -383.84K | -163.47K | -52.48K | -139.80K | -90.58K |
| Financing Cash Flow | 3.05M | 2.37M | 2.81M | -236.67K | 4.42M |
First Graphene Ltd Technical Analysis
Negative
0.06
Price Trends
0.06
Negative
0.06
Negative
0.07
Negative
Market Momentum
>-0.01
Negative
46.02
Neutral
45.56
Neutral
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 0.06 is above the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.06, and below the 200-day MA of 0.07, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 46.02 is Neutral, neither overbought nor oversold. The STOCH value of 45.56 is Neutral, 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | AU$1.79B | 19.43 | 16.51% | 3.82% | 6.95% | 19.21% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
50 Neutral | AU$32.50M | -6.88 | -75.44% | 20.00% | -3.10% | 39.78% | |
47 Neutral | AU$4.00M | -0.22 | -35.91% | ― | ― | 59.65% | |
46 Neutral | AU$87.05M | -8.27 | -87.35% | ― | -96.81% | -19.09% | |
42 Neutral | AU$48.78M | -9.02 | -67.92% | ― | 14.77% | 20.78% | |
41 Neutral | AU$22.86M | -4.71 | -790.89% | ― | ― | -84.62% |
* Basic Materials Sector Average
AU:FGR
First Graphene Ltd
0.06
-0.02
-24.66%
AU:FGH
Leaf Resources Limited
0.01
>-0.01
-16.67%
AU:HZR
Hazer Group Ltd.
0.33
-0.05
-14.47%
AU:CG1
Carbonxt Group Ltd.
0.08
<0.01
15.38%
AU:ATC
Altech Chemicals Limited
0.01
-0.02
-66.67%
AU:RDX
Redox Limited
3.40
0.83
32.40%
First Graphene Ltd Corporate Events
First Graphene Wins First Production Order for Fire-Safe Mining Polyurethane
Sep 10, 2026
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 ne...
First Graphene Director Converts Performance Rights Into Shares
Sep 9, 2026
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 companyR...
First Graphene seeks quotation of additional ASX shares after option conversions
Sep 9, 2026
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 app...
First Graphene Updates Director Equity Holdings After Performance Rights Conversion
Sep 7, 2026
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, perfo...
First Graphene Expands ASX Quoted Shares with Modest New Issue
Sep 7, 2026
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, signalli...
First Graphene Narrows Annual Loss as Revenue and Asset Backing Improve
Aug 28, 2026
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...
First Graphene Seeks ASX Quotation for Additional Ordinary Shares
Aug 24, 2026
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...
First Graphene director equity adjusted as performance rights lapse
Aug 6, 2026
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 cancellat...
First Graphene Issues New Performance Rights Under Employee Incentive Scheme
Aug 5, 2026
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 t...
First Graphene Announces Lapse of Performance Rights
Aug 5, 2026
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...
First Graphene boosts global reach with new acquisitions and Chinese distribution deal
Jul 31, 2026
First Graphene reported unaudited quarterly income of about A$135,000, mainly from graphene sales in composites and development programs, alongside a 12% reduction in annual cash burn and an expected 13% rise in full-year revenue. These figures su...
First Graphene strikes China distribution deal for PureGRAPH cement additive
Jul 5, 2026
First Graphene Ltd, a listed Australian advanced materials producer with manufacturing in Western Australia and RD capabilities in the UK, is a leading supplier of high-purity graphene-based materials under its PureGRAPH brand. The company targets...
First Graphene plans investor webinar as U.S. expansion gathers pace
Jun 30, 2026
First Graphene Ltd, an ASX‑listed advanced materials supplier, develops and manufactures graphitic materials and graphene‑based product formulations for global industrial and technology markets. With production anchored in Western Aust...
First Graphene seals MITO acquisition to accelerate U.S. graphene growth
Jun 17, 2026
First Graphene has completed the acquisition of all assets, intellectual property, product lines and manufacturing equipment of U.S.-based MITO Material Solutions, adding four key graphene-enhanced product lines spanning thermosets, thermoplastics...
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.