Want to see AU:SBM full AI Analyst Report?
Top Page
St. Barbara
(Sydney:SBM)
Select Model
Select Model
Rating:53Neutral
Price Target:
AU$0.84
â–²(5.25% Upside)
Action:Reiterated
Date:09/11/26
The score is held back primarily by weak fundamentals (losses, negative cash flow, and a severe 2026 revenue collapse) despite a low-debt balance sheet. Technicals are a meaningful offset with an uptrend across major moving averages and positive momentum indicators. Valuation remains constrained by negative earnings and no stated dividend yield.
Positive Factors
Very low leverage
Very low leverage reduces refinancing pressure and preserves financial flexibility while the company works through operating weakness. A limited debt burden can also leave more room to fund essential mine development, exploration, or restructuring without adding substantial interest obligations.
Negative Factors
Persistent unprofitability
Recurring net losses and mostly negative gross profit indicate that the core business has not established sustainable positive unit economics. Without a durable improvement in production, costs, or realized sales economics, continued losses can weaken equity and constrain investment in future mine output.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Very low leverage reduces refinancing pressure and preserves financial flexibility while the company works through operating weakness. A limited debt burden can also leave more room to fund essential mine development, exploration, or restructuring without adding substantial interest obligations.
Read all positive factors
St. Barbara (SBM) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$968.59M
Dividend Yield6.33%
Average Volume (3M)13.79M
Price to Earnings (P/E)―
Beta (1Y)2.27
Revenue Growth17.55%
EPS Growth40.51%
CountryAU
Employees203
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)N/A
Shares Outstanding1,226,057,400
10 Day Avg. Volume10,931,714
30 Day Avg. Volume13,791,419
Financial Highlights & Ratios
PEG Ratio0.61
Price to Book (P/B)0.58
Price to Sales (P/S)148.94
P/FCF Ratio-9.86
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.96Price Target Upside20.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
St. Barbara Business Overview & Revenue Model
Company Description
St Barbara Limited, together with its subsidiaries, engages in the exploration, development, mining, and sale of gold. The company also explores for silver deposits. It holds interest in the Simberi project located in the province of New Ireland, ...
How the Company Makes Money
SBM primarily makes money by producing gold (measured in ounces) and selling it into the gold market. Revenue is generated when produced gold is refined to saleable form (e.g., doré/metal) and sold, with sales typically priced using prevailing mar...
St. Barbara Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
72
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 247.03M | 3.63M | 215.52M | 197.72M | 323.85M | 201.27M |
| Gross Profit | 23.54M | -11.59M | -12.87M | -17.92M | 58.39M | -70.81M |
| EBITDA | 18.94M | -32.39M | -54.40M | -26.08M | -584.77M | -238.61M |
| Net Income | -45.51M | -9.59M | -93.78M | -53.91M | -429.20M | -160.82M |
Balance Sheet | ||||||
| Total Assets | 631.64M | 1.00B | 580.26M | 568.63M | 917.91M | 1.60B |
| Cash, Cash Equivalents and Short-Term Investments | 74.78M | 474.84M | 67.44M | 145.87M | 293.94M | 98.51M |
| Total Debt | 2.88M | 1.99M | 5.32M | 7.53M | 12.88M | 171.64M |
| Total Liabilities | 197.04M | 73.08M | 206.22M | 219.34M | 524.46M | 489.67M |
| Stockholders Equity | 434.60M | 927.77M | 374.05M | 349.29M | 393.45M | 1.11B |
Cash Flow | ||||||
| Free Cash Flow | -58.25M | -54.78M | -153.69M | -90.25M | -33.80M | -51.14M |
| Operating Cash Flow | -18.57M | -12.90M | -81.08M | -57.41M | 51.90M | 87.66M |
| Investing Cash Flow | -74.08M | 305.43M | -48.93M | -36.14M | 285.89M | -170.01M |
| Financing Cash Flow | 51.19M | 52.31M | 46.78M | -3.54M | -197.94M | 38.43M |
St. Barbara Technical Analysis
Positive
0.80
Price Trends
0.70
Positive
0.59
Positive
0.61
Positive
Market Momentum
0.02
Positive
55.44
Neutral
22.85
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SBM, the sentiment is Positive. The current price of 0.8 is below the 20-day moving average (MA) of 0.81, above the 50-day MA of 0.70, and above the 200-day MA of 0.61, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 55.44 is Neutral, neither overbought nor oversold. The STOCH value of 22.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | AU$524.40M | 1.53 | 33.30% | 4.37% | 216.46% | 225.85% | |
78 Outperform | AU$5.46B | 7.58 | 35.03% | 2.66% | 42.59% | 180.54% | |
77 Outperform | AU$7.13B | 60.38 | 3.01% | 1.59% | -14.16% | -84.78% | |
74 Outperform | AU$1.18B | 10.79 | 19.17% | ― | 34.55% | 98.48% | |
68 Neutral | AU$524.87M | 6.04 | 25.37% | ― | 909.33% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | AU$968.59M | -18.90 | -6.68% | 6.33% | 17.55% | 40.51% |
* Basic Materials Sector Average
AU:SBM
St. Barbara
0.79
0.21
35.27%
AU:FML
Focus Minerals Ltd
1.83
-0.25
-12.06%
AU:PNR
Pantoro Gold Limited
3.02
-3.17
-51.21%
AU:RRL
Regis Resources Limited
7.20
1.37
23.46%
AU:RMS
Ramelius Resources Limited
3.78
-0.05
-1.31%
AU:BC8
Black Cat Syndicate Ltd.
0.72
-0.67
-48.20%
St. Barbara Corporate Events
St Barbara lifts 15-Mile reserves and accelerates feasibility on low-cost Nova Scotia hub
Sep 27, 2026
St Barbara has delivered an updated pre-feasibility study for its 15-Mile Processing Hub in Nova Scotia, lifting Ore Reserves by 17% to 1.44 million ounces and extending the mine life to 13 years based solely on proved and probable reserves. The r...
St Barbara fast-tracks Nova Scotia drilling to unlock underground gold at Old Austen
Sep 27, 2026
St Barbara is intensifying exploration at its Nova Scotia portfolio, prioritising the Old Austen Mine Down-Plunge Prospect and the along-strike Mill Shaft West Prospect for potential underground extraction. The move follows an updated geological m...
St Barbara outlines risk-heavy investor update for Mining Forum Americas
Sep 27, 2026
St Barbara has released an investor presentation for the Mining Forum Americas in September 2026, outlining summary information on its operations, financial reporting framework and use of non-IFRS measures such as cash operating costs. The company...
St Barbara Outlines Risk Cautions and Use of Non-IFRS Metrics in Investor Update
Sep 10, 2026
St Barbara Limited, listed on the Australian Securities Exchange under the code SBM, is a gold-focused miner involved in exploration, development, mining, processing and sale of gold. The company reports under IFRS but supplements its disclosures ...
St Barbara Director Boosts Shareholding After Vesting of Performance Rights
Aug 28, 2026
St Barbara has reported a change in the shareholding of director Andrew Michael Strelein following the vesting of performance-based employee rights. Strelein received 3,160,454 ordinary fully paid shares at a vesting value of $0.6745 per share, in...
St Barbara Cancels Over 2.1 Million Lapsed Performance Rights
Aug 28, 2026
St Barbara Limited has announced the cessation of 2,169,508 performance rights (ASX code SBMAK), after the conditional rights lapsed because specified conditions were not met or became incapable of being satisfied. The move reduces the companyR...
St Barbara to List 16.3 Million New Shares from Employee Scheme
Aug 28, 2026
St Barbara Limited has applied for quotation of 16,261,570 ordinary fully paid shares on the ASX, to be issued on August 28, 2026.The new securities arise from an employee incentive scheme and will be quoted on the market, modestly increasing the ...
St Barbara Announces A$0.05 Interim Dividend for June 2026 Half
Aug 27, 2026
St Barbara Limited has declared an ordinary interim dividend of A$0.05 per fully paid share for the six months to 30 June 2026, payable on 16 October 2026. The stock will trade ex-dividend on 23 September, with a record date of 24 September, signa...
St Barbara Swings to A$490m Profit and Flags Capital Return After Lingbao Deal
Aug 27, 2026
St Barbara reported a sharp turnaround in FY26, posting a statutory profit after tax of A$490 million and lifting net assets 148% to A$928 million, underpinned by a A$500 million gain from the Lingbao-related deconsolidation of New Simberi Gold an...
St Barbara Retracts Historical Data but Ramps Up Nova Scotia Gold Exploration
Aug 7, 2026
St Barbara has issued a retraction of historical surface sample exploration results previously included in its Nova Scotia update, advising investors not to rely on those figures until they can be republished with full supporting data in line with...
St Barbara Boosts Nova Scotia Gold Exploration to Extend 15-Mile Hub
Aug 4, 2026
St Barbara is sharply increasing its exploration activity in Nova Scotia, lifting spending 64% from A$2.5 million in FY26 to A$4.1 million in FY27 and doubling the size of its exploration team. The expanded program is centred on the 15-Mile Proces...
St Barbara greenlights major gold growth projects in Nova Scotia and Papua New Guinea
Jul 29, 2026
St Barbara has approved the restart of its Touquoy operation in Nova Scotia after securing key permit amendments, with mining contractors mobilising, long-lead items procured and recruitment underway for a targeted reopening by late 2026. The comp...
St Barbara lifts 15-Mile gold resources 20% as Atlantic hub grows
Jul 27, 2026
St Barbara has reported a 20% increase in the Mineral Resources Estimate for its 15-Mile Processing Hub Project, lifting contained gold to 2.5 million ounces based on 62.4 million tonnes at 1.2 grams per tonne. The upgrade reflects updated geologi...
St Barbara Confirms Lapse of 86,094 Performance Rights From Issued Capital
Jul 10, 2026
St Barbara Limited has announced the cessation of 86,094 performance rights, recorded under ASX code SBMAK, following the lapse of conditional rights that could not be satisfied as of 10 July 2026. These performance rights formed part of the compa...
St Barbara Discloses Final Director Interest as Joanne Palmer Departs Board
Jul 1, 2026
St Barbara Limited has announced the cessation of Joanne Claire Palmer as a director effective 30 June 2026, in line with its disclosure obligations to the ASX. The filing details that Palmer directly holds 19,500 fully paid ordinary shares in St ...
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.