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Firebird Metals Ltd.
(Sydney:FRB)
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Rating:42Neutral
Price Target:
AU$0.13
▼(-21.18% Downside)
Action:Reiterated
Date:10/02/26
The score is held down primarily by weak financial performance (pre-revenue status, ongoing losses, and worsening free cash flow), reinforced by bearish technicals with the stock below major moving averages and negative MACD. Valuation provides limited support because the negative P/E reflects losses and no dividend yield is available.
Positive Factors
Low leverage
Very low leverage reduces balance-sheet pressure and preserves financial flexibility while the company advances its exploration and development activities. Limited debt also reduces exposure to interest costs and refinancing demands, allowing more capital-allocation options over the next several quarters.
Negative Factors
Pre-revenue profile
The absence of reported revenue across six annual periods shows that the company has not yet demonstrated commercial monetisation from its projects. This leaves future funding and investment capacity dependent on progressing development activities toward revenue generation rather than on an established operating base.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Very low leverage reduces balance-sheet pressure and preserves financial flexibility while the company advances its exploration and development activities. Limited debt also reduces exposure to interest costs and refinancing demands, allowing more capital-allocation options over the next several quarters.
Read all positive factors
Firebird Metals Ltd. (FRB) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$25.53M
Dividend YieldN/A
Average Volume (3M)132.81K
Price to Earnings (P/E)―
Beta (1Y)2.02
Revenue GrowthN/A
EPS Growth-33.13%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.02
Shares Outstanding182,361,400
10 Day Avg. Volume94,251
30 Day Avg. Volume132,810
Financial Highlights & Ratios
PEG Ratio-0.27
Price to Book (P/B)1.94
Price to Sales (P/S)0.00
P/FCF Ratio-7.90
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
Firebird Metals Ltd. Business Overview & Revenue Model
Company Description
Firebird Metals Limited is an Australian entity primarily engaged in the exploration and assessment of manganese properties. The Oakover Manganese project stands as its flagship initiative, encompassing 360 square kilometers within Western Austral...
How the Company Makes Money
null...
Firebird Metals Ltd. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | -213.57K | 110.00K | -58.35K | -61.62K |
| EBITDA | -2.83M | -2.08M | -4.73M | -891.67K | -1.10M |
| Net Income | -3.44M | -2.27M | -4.66M | -952.13K | -1.17M |
Balance Sheet | |||||
| Total Assets | 13.70M | 11.22M | 12.88M | 6.72M | 4.13M |
| Cash, Cash Equivalents and Short-Term Investments | 3.61M | 1.50M | 5.07M | 1.30M | 500.65K |
| Total Debt | 250.60K | 335.71K | 0.00 | 56.39K | 56.39K |
| Total Liabilities | 657.68K | 652.28K | 245.59K | 333.42K | 191.22K |
| Stockholders Equity | 13.05M | 10.57M | 12.64M | 6.39M | 3.94M |
Cash Flow | |||||
| Free Cash Flow | -3.20M | -2.05M | -3.00M | -2.31M | -3.24M |
| Operating Cash Flow | -2.83M | -1.92M | -2.13M | -718.80K | -1.00M |
| Investing Cash Flow | -584.64K | -1.69M | -1.75M | -1.69M | -2.24M |
| Financing Cash Flow | 5.47M | 26.16K | 7.68M | 3.21M | -64.00K |
Firebird Metals Ltd. Technical Analysis
Negative
0.17
Price Trends
0.16
Negative
0.17
Negative
0.20
Negative
Market Momentum
>-0.01
Negative
40.80
Neutral
46.83
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:FRB, the sentiment is Negative. The current price of 0.17 is above the 20-day moving average (MA) of 0.15, above the 50-day MA of 0.16, and below the 200-day MA of 0.20, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 40.80 is Neutral, neither overbought nor oversold. The STOCH value of 46.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:FRB.
Firebird Metals 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 | AU$69.27M | 5.29 | 54.34% | ― | 143.89% | ― | |
52 Neutral | AU$40.60M | -19.86 | -6.13% | ― | ― | 4.55% | |
48 Neutral | AU$57.00M | -21.00 | -122.43% | ― | ― | 30.00% | |
48 Neutral | AU$25.69M | -4.59 | -19.95% | ― | ― | -2.96% | |
44 Neutral | AU$37.74M | -17.14 | -29.52% | ― | ― | 18.18% | |
42 Neutral | AU$25.53M | -6.57 | -24.83% | ― | ― | -33.13% |
* Basic Materials Sector Average
AU:FRB
Firebird Metals Ltd.
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-26.32%
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0.01
<0.01
40.00%
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0.04
0.03
250.00%
AU:G11
Odin Metals Ltd
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0.06
27.27%
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Australian Rare Earths Limited
0.10
-0.02
-20.00%
Firebird Metals Ltd. Corporate Events
Firebird Metals Lodges Governance Disclosures and Confirms ASX Compliance
Sep 29, 2026
Firebird Metals Ltd has outlined its corporate governance framework in a board-approved statement for the year ended 30 June 2026, accessible via its website. The ASX-listed miner details how responsibilities are allocated between the board, manag...
Firebird Metals Details FY 2026 Governance Framework and ASX Alignment
Sep 29, 2026
Firebird Metals has outlined its FY 2026 corporate governance framework, confirming Board approval as of 29 September 2026 and detailing its alignment with the ASX Corporate Governance Council’s fourth edition Principles and Recommendations....
Firebird Metals Highlights Corporate Structure and Governance Framework
Sep 29, 2026
Firebird Metals Ltd., listed on the ASX under the ticker FRB, is a Western Australia-based resources company that operates within a formal corporate governance framework managed from its Osborne Park registered office. The firm leverages establish...
Firebird prepares first Oakover manganese feedstock for Australian demo plant
Sep 23, 2026
Firebird Metals has produced the first batch of manganese feedstock from its Oakover Manganese Project for use in its Australian Demonstration Plant in Osborne Park. The ore has been processed to a consistent specification, reinforcing the company...
Firebird Metals Launches New Website and InvestorHub to Showcase Battery Materials Strategy
Sep 8, 2026
Firebird Metals has launched a new website that highlights its world-first integrated processing line for turning manganese concentrates into advanced cathode materials, alongside the development path for its Australian Demonstration Plant. The pl...
Firebird Metals Ships First Equipment for Australian Manganese Battery Materials Plant
Sep 2, 2026
Firebird Metals has dispatched the first container of equipment for its Australian Demonstration Plant from its China-based RD facility, with arrival at Fremantle Port expected in early October and shipping completed around two weeks ahead of sche...
Firebird Advances Australian Manganese Battery Materials Plant at Osborne Park
Aug 5, 2026
Firebird Metals has moved into its Australian Demonstration Plant site in Osborne Park, marking a shift from project planning to on-the-ground delivery of a facility for advanced manganese-based battery materials. The leased site will host Austral...
Firebird Metals Advances Perth Battery Materials Plant With ARENA Grant
Jul 29, 2026
Firebird Metals has moved its Australian Demonstration Plant from planning into delivery, securing a multi-year lease on a 775 sqm purpose-built facility in Osborne Park, Perth. The site will host what the company says is the only fully integrated...
Firebird Metals to Present at Sharewise Investor Webinar
Jul 21, 2026
Firebird Metals Ltd., an Australian-owned participant in the metals industry, continues to build its profile within the investment community by leveraging online channels to communicate with shareholders. The company’s management, led by CEO...
Firebird Metals Gains Third-Party Validation for Ultra-High Purity Battery-Grade Manganese
Jul 2, 2026
Firebird Metals has reported that independent international customer testing has confirmed its ability to produce ultra-high purity manganese sulphate exceeding 99.99%, with impurity levels well below Chinese industry standards across all key para...
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.