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Highfield Resources Limited
(Sydney:HFR)
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Rating:42Neutral
Price Target:
AU$0.02
▼(-60.00% Downside)
Action:Upgraded
Date:07/24/26
The score is held down primarily by weak financial performance: no revenue, widening losses, and ongoing negative operating/free cash flow, alongside rising leverage and declining equity. Technicals also point to a sustained downtrend (price below key moving averages with negative MACD). Valuation provides limited support because the negative P/E reflects losses and there is no dividend yield data.
Positive Factors
Meaningful asset backing
The company holds material asset value and positive equity on the balance sheet, providing tangible collateral for lenders and investors. This strengthens its ability to secure project financing, supports downside protection versus pure explorers, and underpins long-term project optionality.
Negative Factors
No operating revenue
The company remains pre-revenue and recorded a sharply larger net loss (~69.8m in 2025). Without commercial sales, the business depends on external financing to advance the project, exposing shareholders to dilution and execution risk until production and stable revenue generation occur.
Read all positive and negative factors
Positive Factors
Negative Factors
Meaningful asset backing
The company holds material asset value and positive equity on the balance sheet, providing tangible collateral for lenders and investors. This strengthens its ability to secure project financing, supports downside protection versus pure explorers, and underpins long-term project optionality.
Read all positive factors
Highfield Resources Limited (HFR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$9.48M
Dividend YieldN/A
Average Volume (3M)229.33K
Price to Earnings (P/E)―
Beta (1Y)1.98
Revenue GrowthN/A
EPS Growth-210.95%
CountryAU
Employees16
SectorGeneral
Sector StrengthN/A
IndustryAgricultural Inputs
Share Statistics
EPS (TTM)-0.15
Shares Outstanding474,077,060
10 Day Avg. Volume125,009
30 Day Avg. Volume229,329
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.23
Price to Sales (P/S)0.00
P/FCF Ratio-2.49
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
Highfield Resources Limited Business Overview & Revenue Model
Company Description
Highfield Resources Limited, along with its subsidiaries, specializes in the exploration and establishment of potash mining operations within Spain. The company's various potash ventures are strategically located within Northern Spain's productive...
How the Company Makes Money
HFR’s intended primary revenue model is the sale of potash products (typically MOP) produced from its Spanish potash asset to fertilizer distributors, traders, or end-users in agricultural supply chains. In a development-stage phase, the company g...
Highfield Resources Limited Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
38
Negative
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -15.77K | -19.49K | -26.27K | -18.51K | -28.07K |
| EBITDA | -9.29M | -2.88M | -7.12M | -5.77M | -6.67M |
| Net Income | -69.80M | -19.23M | -12.12M | -5.79M | -6.70M |
Balance Sheet | |||||
| Total Assets | 167.71M | 221.07M | 203.92M | 168.09M | 141.50M |
| Cash, Cash Equivalents and Short-Term Investments | 3.47M | 11.96M | 14.08M | 19.45M | 22.24M |
| Total Debt | 51.32M | 47.89M | 32.68M | 11.32M | 0.00 |
| Total Liabilities | 75.84M | 75.79M | 60.62M | 20.37M | 2.96M |
| Stockholders Equity | 91.87M | 145.28M | 143.29M | 147.72M | 138.54M |
Cash Flow | |||||
| Free Cash Flow | -8.62M | -14.06M | -19.47M | -18.02M | -15.04M |
| Operating Cash Flow | -8.62M | -8.81M | -9.91M | -5.87M | -4.34M |
| Investing Cash Flow | -2.85M | -5.25M | -9.56M | -12.15M | -10.70M |
| Financing Cash Flow | 2.69M | 11.50M | 14.35M | 13.47M | 17.29M |
Highfield Resources Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | AU$18.93M | -3.71 | -52.55% | ― | -11.34% | 30.34% | |
46 Neutral | AU$1.23B | -8.37 | -6.30% | 2.02% | -1.53% | -281.84% | |
42 Neutral | AU$9.48M | -0.13 | -67.56% | ― | ― | -210.95% | |
42 Neutral | AU$5.14M | -1.00 | -1090.71% | ― | ― | -118.10% | |
37 Underperform | AU$19.98M | -2.16 | -88.51% | ― | -0.48% | -195.74% |
* General Sector Average
AU:HFR
Highfield Resources Limited
0.02
-0.09
-82.73%
AU:CP8
Canadian Phosphate
0.13
0.07
140.38%
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Nufarm Limited
3.24
0.91
39.06%
AU:TGH
Terragen Holdings Ltd
0.02
<0.01
50.00%
AU:APC
Australian Potash Limited
0.01
0.00
0.00%
AU:RLF
RLF AgTech Ltd
0.03
-0.02
-46.30%
Highfield Resources Limited Corporate Events
Highfield Resources Issues Additional Unquoted Convertible Notes
Jul 28, 2026
Highfield Resources Limited has issued 70 unquoted convertible notes under the ASX code HFRAAA, with the issue dated 27 July 2026. The notes form part of a previously announced transaction and are not intended to be quoted on the ASX, indicating a...
Highfield tightens costs as Spanish courts advance key Muga potash rulings
Jul 28, 2026
Highfield Resources reported progress on legal and permitting fronts for its Muga Potash project, with the Spanish Supreme Court admitting an appeal on the Goyo mining concession and the company filing its brief in line with the court’s time...
Highfield Resources Secures Conditional Funding Tranche for Muga Project
Jul 23, 2026
Highfield Resources has secured a fourth A$700,000 funding tranche under its existing Convertible Note Facility, despite an earlier Appeal Allowed Event that released noteholders from any obligation to participate in further tranches. The notehold...
Highfield Resources Wins Strong Shareholder Backing at 2026 AGM
May 27, 2026
Highfield Resources shareholders approved all resolutions at the company’s 2026 Annual General Meeting, which was held virtually on 27 May 2026. The adoption of the remuneration report, the election of director Carles Alemán and the app...
Highfield Resources Tables AGM Investor Presentation as Muga Build and Canadian Deal Advance
May 27, 2026
Highfield Resources has released a presentation for its Annual General Meeting, to be delivered by senior executives Olivier Vadillo and Carles Aleman. The AGM presentation is expected to update shareholders on the planned transition to full-scale...
Highfield Resources Issues Unquoted Convertible Notes to Refine Capital Structure
May 27, 2026
Highfield Resources Limited has notified the market of the issue of 280 unquoted convertible notes, designated under the ASX security code HFRAAA, with an issue date of 20 May 2026. The securities form part of a previously announced capital transa...
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.