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Focus Minerals Ltd
(Sydney:FML)
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Rating:78Outperform
Price Target:
AU$2.50
▼(-16.67% Downside)
Action:Reiterated
Date:09/12/26
The score is driven primarily by the sharp improvement in financial performance (profitability rebound and much lower leverage), supported by an extremely low P/E valuation. Technicals are constructive but not fully bullish given the price remains below the 200-day average and momentum indicators are approaching overbought levels, adding short-term risk.
Positive Factors
Revenue and profit turnaround
The sharp 2025 rebound shows substantial operating improvement, with stronger revenue, margins, and earnings replacing several years of losses. If the improved production and gold-market economics persist, this higher earnings base can support reinvestment and strengthen the company’s financial resilience.
Negative Factors
Highly volatile profitability
The extreme movement from losses to exceptionally high profitability indicates that recent earnings may not represent a stable through-cycle level. Such volatility makes future performance harder to forecast and increases the risk that earnings and margins retreat materially when operating or gold-market conditions normalize.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and profit turnaround
The sharp 2025 rebound shows substantial operating improvement, with stronger revenue, margins, and earnings replacing several years of losses. If the improved production and gold-market economics persist, this higher earnings base can support reinvestment and strengthen the company’s financial resilience.
Read all positive factors
Focus Minerals Ltd (FML) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$624.70M
Dividend Yield0%
Average Volume (3M)246.00K
Price to Earnings (P/E)2.3
Beta (1Y)1.81
Revenue Growth161.65%
EPS Growth2191.43%
CountryAU
Employees5
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.95
Shares Outstanding286,558,650
10 Day Avg. Volume176,980
30 Day Avg. Volume246,002
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)2.39
Price to Sales (P/S)2.92
P/FCF Ratio17.29
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
Focus Minerals Ltd Business Overview & Revenue Model
Company Description
Focus Minerals Limited, an Australian company established in 1978, specializes in the discovery and development of gold deposits across Western Australia. Headquartered in East Perth, Australia, the firm possesses full ownership of two key gold ve...
Focus Minerals Ltd Financial Statement Overview
Summary
Income Statement
83
Very Positive
Balance Sheet
86
Very Positive
Cash Flow
72
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 301.26M | 115.14M | 33.08M | 16.55M | 97.00K |
| Gross Profit | 309.02M | 114.25M | 5.35M | -296.00K | -778.00K |
| EBITDA | 135.58M | 27.30M | 1.93M | -1.22M | -4.97M |
| Net Income | 272.45M | 3.01M | -2.80M | -4.14M | -6.71M |
Balance Sheet | |||||
| Total Assets | 442.73M | 323.61M | 246.79M | 174.43M | 151.06M |
| Cash, Cash Equivalents and Short-Term Investments | 159.70M | 16.50M | 1.20M | 18.90M | 27.25M |
| Total Debt | 4.47M | 160.14M | 98.44M | 35.57M | 20.21M |
| Total Liabilities | 74.65M | 227.99M | 154.17M | 79.01M | 51.51M |
| Stockholders Equity | 368.07M | 95.63M | 92.62M | 95.42M | 99.56M |
Cash Flow | |||||
| Free Cash Flow | 50.87M | -33.35M | -71.73M | -23.53M | -18.03M |
| Operating Cash Flow | 130.93M | 29.44M | -1.37M | -4.13M | -4.83M |
| Investing Cash Flow | 136.40M | -63.43M | -75.74M | -19.51M | -1.12M |
| Financing Cash Flow | -154.02M | 49.29M | 59.50M | 14.97M | 25.40M |
Focus Minerals Ltd Technical Analysis
Positive
3.00
Price Trends
1.91
Positive
1.97
Positive
2.57
Negative
Market Momentum
0.07
Negative
66.07
Neutral
92.58
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:FML, the sentiment is Positive. The current price of 3 is above the 20-day moving average (MA) of 2.10, above the 50-day MA of 1.91, and above the 200-day MA of 2.57, indicating a neutral trend. The MACD of 0.07 indicates Negative momentum. The RSI at 66.07 is Neutral, neither overbought nor oversold. The STOCH value of 92.58 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:FML.
Focus Minerals Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | AU$624.70M | 2.30 | 79.54% | 0.00% | 161.65% | 2191.43% | |
78 Outperform | AU$403.72M | 9.05 | 51.83% | 4.13% | 37.04% | ― | |
69 Neutral | AU$758.09M | 8.22 | 25.37% | ― | 909.33% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | AU$895.02M | -19.38 | -6.68% | 6.25% | 17.55% | 40.51% | |
48 Neutral | AU$799.88M | -44.12 | -17.62% | ― | ― | -168.42% | |
44 Neutral | AU$73.96M | -11.78 | -9.37% | ― | ― | -119.82% |
* Basic Materials Sector Average
AU:FML
Focus Minerals Ltd
2.19
1.52
226.87%
AU:BCN
Beacon Minerals
3.30
1.16
54.49%
AU:SBM
St. Barbara
0.80
0.41
105.13%
AU:WIA
WIA Gold Limited
0.45
0.13
40.63%
AU:BC8
Black Cat Syndicate Ltd.
0.99
-0.24
-19.26%
AU:PTN
Kin Mining NL
0.05
-0.02
-27.14%
Focus Minerals Ltd Corporate Events
Focus Minerals Tables Interim Half‑Year Financial Report
Sep 10, 2026
Focus Minerals Limited has released its interim financial report for the half year ended 30 June 2026, providing updated disclosure on its financial performance and position. The document encompasses a directors’ report, consolidated profit ...
Focus Minerals Declares Ordinary Dividend for 2025 Financial Period
Sep 10, 2026
Focus Minerals Ltd, an Australian mining company whose ordinary fully paid shares trade on the ASX under the code FML, operates within the resources sector and provides investors with exposure to mineral production and related commodity cycles. It...
Focus Minerals Declares Maiden Fully Franked Dividend After Transformational Year
Sep 10, 2026
Focus Minerals Ltd, an ASX-listed gold miner, has recently reshaped its portfolio and capital structure through the sale of the Laverton Gold Project and the commencement of production at the Bonneville Underground Mine. These changes have boosted...
Focus Minerals boosts Coolgardie pipeline with Green Light and CNX waste dump results
Sep 6, 2026
Focus Minerals has reported new drilling results from the Green Light deposit and the nearby historic CNX waste dump at its Coolgardie Gold Project in Western Australia. The campaign included 114 reverse circulation infill holes totalling 8,968 me...
Focus Minerals posts solid June quarter output as Coolgardie development ramps up
Jul 31, 2026
Focus Minerals reported steady June quarter performance at its Coolgardie Gold Operations, with 350,507 tonnes of ore processed at the Three Mile Hill plant at an average head grade of 1.80 grams per tonne and metallurgical recovery of 95.2%. The ...
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.