St. Barbara Ltd. (AU:SBM)
ASX:SBM
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St. Barbara
(Sydney:SBM)
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Rating:46Neutral
Price Target:
AU$0.57
▼(-15.74% Downside)
Action:Reiterated
Date:01/22/26
The score is held down primarily by poor financial performance (ongoing losses, weak margins, and challenged cash generation). Technicals are a meaningful positive (strong trend above key moving averages with positive MACD), but overbought momentum signals and loss-driven valuation (negative P/E, no dividend data) limit the overall rating.
Positive Factors
Conservative leverage
Low reported debt-to-equity gives the company durable financial flexibility through commodity cycles. With conservative leverage management can better absorb gold price volatility, fund sustaining capex or project development without immediate reliance on expensive external financing, supporting operational continuity.
Negative Factors
Persistent losses and weak margins
Sustained negative margins and recurring net losses undermine the firm’s ability to self-fund operations and reinvest. Over the medium term this erodes operational flexibility, limits capacity to absorb higher operating costs, and increases dependence on external financing at unfavorable terms if commodity prices fall.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative leverage
Low reported debt-to-equity gives the company durable financial flexibility through commodity cycles. With conservative leverage management can better absorb gold price volatility, fund sustaining capex or project development without immediate reliance on expensive external financing, supporting operational continuity.
Read all positive factors
St. Barbara (SBM) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$737.98M
Dividend YieldN/A
Average Volume (3M)7.98M
Price to Earnings (P/E)―
Beta (1Y)2.34
Revenue Growth17.55%
EPS Growth40.51%
CountryAU
Employees1,328
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)N/A
Shares Outstanding1,209,795,900
10 Day Avg. Volume11,755,747
30 Day Avg. Volume7,982,526
Financial Highlights & Ratios
PEG Ratio0.35
Price to Book (P/B)1.27
Price to Sales (P/S)2.20
P/FCF Ratio-3.08
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
St. Barbara Business Overview & Revenue Model
Company Description
St Barbara Limited, an Australian company established in 1986 and headquartered in Perth, operates with its subsidiaries primarily across the full lifecycle of gold, from discovery and extraction to development and sales. The organization oversees...
How the Company Makes Money
SBM primarily makes money by producing and selling gold. Revenue is generated when gold-bearing ore is mined and processed into a saleable product (commonly gold doré), which is then sold—generally at or near prevailing market prices—either direct...
St. Barbara Financial Statement Overview
Summary
Income Statement
35
Negative
Balance Sheet
45
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 247.03M | 215.52M | 197.72M | 323.85M | 201.27M | 740.25M |
| Gross Profit | 23.54M | -12.87M | -17.92M | 58.39M | -70.81M | 153.94M |
| EBITDA | 18.94M | -38.69M | -26.08M | -477.91M | -90.01M | -62.80M |
| Net Income | -45.51M | -93.78M | -53.91M | -429.20M | -160.82M | -176.60M |
Balance Sheet | ||||||
| Total Assets | 631.64M | 580.26M | 568.63M | 917.91M | 1.60B | 1.64B |
| Cash, Cash Equivalents and Short-Term Investments | 74.78M | 67.44M | 145.87M | 293.94M | 98.51M | 133.37M |
| Total Debt | 2.88M | 5.32M | 7.53M | 12.88M | 171.64M | 109.25M |
| Total Liabilities | 197.04M | 206.22M | 219.34M | 524.46M | 489.67M | 522.09M |
| Stockholders Equity | 434.60M | 374.05M | 349.29M | 393.45M | 1.11B | 1.11B |
Cash Flow | ||||||
| Free Cash Flow | -58.25M | -153.69M | -90.25M | -33.80M | -51.14M | 93.67M |
| Operating Cash Flow | -18.57M | -81.08M | -57.41M | 51.90M | 87.66M | 227.10M |
| Investing Cash Flow | -74.08M | -48.93M | -36.14M | 285.89M | -170.01M | -199.26M |
| Financing Cash Flow | 51.19M | 46.78M | -3.54M | -197.94M | 38.43M | -293.78M |
St. Barbara Technical Analysis
Negative
0.68
Price Trends
0.62
Negative
0.66
Negative
0.60
Negative
Market Momentum
>-0.01
Negative
49.13
Neutral
71.93
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SBM, the sentiment is Negative. The current price of 0.68 is above the 20-day moving average (MA) of 0.57, above the 50-day MA of 0.62, and above the 200-day MA of 0.60, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 49.13 is Neutral, neither overbought nor oversold. The STOCH value of 71.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:SBM.
St. Barbara Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | AU$5.36B | 10.76 | 27.80% | 0.65% | 31.42% | ― | |
73 Outperform | AU$538.73M | 1.89 | 79.54% | ― | 161.65% | 2191.43% | |
66 Neutral | AU$6.11B | 19.28 | 9.94% | 1.92% | 13.34% | -15.96% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | AU$1.11B | 10.23 | 19.74% | ― | 53.05% | ― | |
47 Neutral | AU$768.96M | 39.66 | 6.29% | ― | ― | ― | |
46 Neutral | AU$737.98M | -15.87 | -11.26% | ― | 17.55% | 40.51% |
* Basic Materials Sector Average
AU:SBM
St. Barbara
0.59
0.26
82.81%
AU:FML
Focus Minerals Ltd
1.81
1.44
382.67%
AU:PNR
Pantoro Gold Limited
2.74
-0.37
-11.90%
AU:RRL
Regis Resources Limited
6.94
2.43
53.85%
AU:RMS
Ramelius Resources Limited
3.14
0.62
24.36%
AU:BC8
Black Cat Syndicate Ltd.
1.02
0.20
24.39%
St. Barbara Corporate Events
St Barbara Advances 15-Mile Gold Hub Permitting in Nova Scotia
Jun 18, 2026
St Barbara has lodged an Initial Project Description for its 15-Mile Processing Hub in Nova Scotia with Canada’s Impact Assessment Agency, marking the formal start of permitting for a project designed to produce more than 100,000 ounces of g...
St Barbara Tightens Securities Dealing Rules to Bolster Market Confidence
Jun 5, 2026
St Barbara has revised its Securities Dealing Policy, effective 1 June 2026, replacing an earlier version issued on 3 June that contained errors in a specific section. The updated policy, now available on the company’s website, strengthens p...
St Barbara Tightens Securities Dealing Rules to Bolster Governance
Jun 3, 2026
St Barbara has revised its Securities Dealing Policy, effective 1 June 2026, in line with ASX Listing Rule 12.10 and made the updated document available in the corporate governance section of its website. The policy strengthens controls on insider...
St Barbara outlines UK/Europe investor presentation with strong risk and reporting disclaimers
May 25, 2026
St Barbara has released an investor presentation for its UK and European audience outlining high-level information about its gold mining operations and financial reporting approach. The document emphasises that the material is general in nature, u...
St Barbara Outlines Investor Information and Risk Caveats in New Presentation
Apr 29, 2026
St Barbara has released an investor presentation outlining key information about its gold mining operations and financial reporting approach. The document emphasises that results are prepared under IFRS but supplemented by non-IFRS metrics, which ...
St Barbara Approves Final Investment Decision to Restart Touquoy Gold Operations in Nova Scotia
Apr 23, 2026
St Barbara has approved the final investment decision to restart operations at its Touquoy gold project in Nova Scotia, following regulatory approval of amended industrial permit conditions. The company has signed major contracts with local firms ...
St Barbara maps fully funded gold growth to 191koz by FY30
Apr 19, 2026
St Barbara has outlined a long-term production and cost outlook that forecasts a sharp rise in attributable gold output from 48,000 ounces in FY27 to 191,000 ounces in FY30, implying a compound annual growth rate of 59%. The ramp-up is underpinned...
St Barbara Wins Key Permit Approval to Restart Touquoy Gold Operations in Nova Scotia
Apr 12, 2026
St Barbara has secured approval from Nova Scotia’s Department of Environment and Climate Change to amend industrial permit conditions, clearing the way for a restart of ore processing at its Touquoy mine by the end of 2026. The move follows ...
St Barbara lifts Simberi output 49% as Lingbao deal strengthens balance sheet
Apr 12, 2026
St Barbara reported a strong operational rebound at Simberi in the March 2026 quarter, with gold production rising 49% quarter on quarter to 13,522 ounces and sales of 11,974 ounces at an average price of A$6,892 per ounce. Higher processed tonnes...
St Barbara Corrects Reason for Cessation of Securities in Updated ASX Filing
Apr 8, 2026
St Barbara Limited has issued an Appendix 3H notification to the ASX confirming a cessation of certain securities and correcting the previously stated reason for that cessation. The updated filing, dated 8 April 2026, replaces details from an anno...
St Barbara Clears 103,855 Lapsed Performance Rights From Capital Structure
Apr 8, 2026
St Barbara Limited has announced the cessation of 103,855 performance rights, identified under the ASX security code SBMAK, following their expiry without being exercised or converted on 8 April 2026. The lapse of these performance rights marginal...
St Barbara Assures Ample, Low-Cost Diesel Supply for Simberi Amid Global Disruptions
Mar 22, 2026
St Barbara has confirmed that its Simberi Operations in Papua New Guinea are well stocked with diesel fuel despite global supply chain disruptions linked to shipping restrictions through the Strait of Hormuz. The site, which consumes around 65,000...
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.