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Star Minerals Ltd.
(Sydney:SMS)
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Rating:43Neutral
Price Target:
AU$0.04
▼(-10.00% Downside)
Action:Reiterated
Date:03/24/26
The score is held down primarily by weak financial performance (minimal revenue, widening losses, and ongoing cash burn) and bearish technicals (trading below key moving averages with negative MACD). A debt-free balance sheet with positive equity provides some offset, but valuation is not attractive on earnings given the negative P/E.
Positive Factors
Strong balance sheet / zero debt
Zero reported debt and positive equity provide durable financial flexibility, lowering insolvency risk and enabling management to fund exploration or operations without immediate debt service. This conservatively financed position supports optionality for strategic funding or capital raises over 2–6 months.
Negative Factors
Widening net losses
Material increase in net losses shows the cost base is outpacing revenue growth, eroding equity and constraining reinvestment. Without durable revenue scale or cost restructuring, persistent widening losses will force funding events or asset sales, harming long-term shareholder value.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong balance sheet / zero debt
Zero reported debt and positive equity provide durable financial flexibility, lowering insolvency risk and enabling management to fund exploration or operations without immediate debt service. This conservatively financed position supports optionality for strategic funding or capital raises over 2–6 months.
Read all positive factors
Star Minerals Ltd. (SMS) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$9.38M
Dividend YieldN/A
Average Volume (3M)1.35M
Price to Earnings (P/E)―
Beta (1Y)1.88
Revenue GrowthN/A
EPS Growth18.05%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)N/A
Shares Outstanding253,437,930
10 Day Avg. Volume1,192,044
30 Day Avg. Volume1,345,139
Financial Highlights & Ratios
PEG Ratio-0.05
Price to Book (P/B)0.40
Price to Sales (P/S)577.15
P/FCF Ratio-1.91
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
Star Minerals Ltd. Business Overview & Revenue Model
Company Description
Star Minerals Limited is an Australian enterprise focused on identifying and advancing resources of gold, copper, and other base metals. Its flagship initiative is the Tumblegum South project, an advanced exploration site positioned immediately so...
Star Minerals Ltd. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
55
Neutral
Cash Flow
20
Very Negative
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.22K | 0.00 | 202.34K | 0.00 | 0.00 |
| Gross Profit | -722.27K | 0.00 | 202.34K | 0.00 | 0.00 |
| EBITDA | -1.90M | -853.08K | -1.17M | -795.76K | 0.00 |
| Net Income | -1.90M | -857.63K | -1.17M | -795.98K | -45.33K |
Balance Sheet | |||||
| Total Assets | 7.76M | 6.59M | 6.41M | 7.80M | 241.26K |
| Cash, Cash Equivalents and Short-Term Investments | 1.18M | 435.16K | 784.03K | 2.97M | 240.39K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 11.92K |
| Total Liabilities | 291.54K | 138.51K | 215.46K | 487.58K | 254.77K |
| Stockholders Equity | 7.47M | 6.46M | 6.19M | 7.32M | -13.51K |
Cash Flow | |||||
| Free Cash Flow | -1.58M | -1.18M | -2.19M | -1.79M | -24.38K |
| Operating Cash Flow | -1.34M | -1.11M | -1.82M | -678.13K | -24.38K |
| Investing Cash Flow | -240.37K | -67.31K | -371.21K | -1.11M | -3.00 |
| Financing Cash Flow | 2.32M | 827.74K | 0.00 | 4.53M | 745.56K |
Star Minerals Ltd. Technical Analysis
Negative
0.04
Price Trends
0.05
Negative
0.05
Negative
0.05
Negative
Market Momentum
>-0.01
Positive
41.48
Neutral
6.67
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SMS, the sentiment is Negative. The current price of 0.04 is below the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.05, and below the 200-day MA of 0.05, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 41.48 is Neutral, neither overbought nor oversold. The STOCH value of 6.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:SMS.
Star Minerals 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% | |
46 Neutral | AU$14.63M | -1.79 | -92.34% | ― | ― | -62.14% | |
45 Neutral | AU$5.15M | -1.94 | -154.54% | ― | -96.35% | -202.04% | |
43 Neutral | AU$9.38M | -2.30 | -26.30% | ― | ― | 18.05% | |
43 Neutral | AU$5.66M | -1.00 | -164.84% | ― | ― | -41.67% | |
42 Neutral | AU$4.82M | -2.86 | -120.71% | ― | ― | 29.17% | |
42 Neutral | AU$40.70M | -10.37 | -134.41% | ― | ― | -267.80% |
* Basic Materials Sector Average
AU:SMS
Star Minerals Ltd.
0.04
0.01
48.00%
AU:GNM
Great Northern Minerals Limited
0.03
0.02
114.29%
AU:GSM
Golden State Mining Ltd.
0.01
0.00
0.00%
AU:SFM
Santa Fe Minerals Ltd.
0.25
0.22
733.33%
AU:RAS
Ragusa Minerals Ltd
0.03
0.01
73.33%
AU:WSR
Westar Resources Ltd.
0.01
0.00
0.00%
Star Minerals Ltd. Corporate Events
Star Minerals adds low-cost Merredin gold project to WA growth pipeline
Jun 25, 2026
Star Minerals has secured the 219sq km Merredin Project in Western Australia through low-cost exploration licence applications, expanding its gold exploration footprint near Merredin with minimal upfront expenditure. The ground, interpreted as pro...
Star Minerals Confirms Compliance on New Securities Issue
May 27, 2026
Star Minerals has notified the market that it has issued quoted securities without a prospectus, relying on a specific exemption under the Corporations Act. The company confirmed it is up to date with its financial reporting and continuous disclos...
Star Minerals to List Over 4.3 Million New Shares on ASX
May 27, 2026
Star Minerals Ltd. has applied for quotation on the ASX of 4,333,333 new fully paid ordinary shares, to be issued on 27 May 2026. The additional securities, arising from the exercise or conversion of existing instruments, will expand the company&#...
Star Minerals fires first blast at Tumblegum South as gold project moves into mining phase
May 12, 2026
Star Minerals has kicked off mining activities at its Tumblegum South Gold Project, with contractor MEGA Resources completing the first drill-and-blast and beginning waste rock mining. Managing director Ashley Jones said the start of blasting and ...
Star Minerals moves Tumblegum South toward production after approvals and asset sale
Apr 22, 2026
Star Minerals has secured final approvals and commenced site mobilisation at its Tumblegum South Gold Project, underpinned by a toll treatment agreement with Catalyst Metals for processing ore at the Plutonic mill. Grade control and extensional dr...
Star Minerals hits high-grade gold in western extension at Tumblegum South
Apr 20, 2026
Star Minerals has reported new reverse circulation drilling results from its Tumblegum South project, with standout intercepts including 4 metres at 12.72 grams per tonne gold from 46 metres, incorporating 1 metre at 46.70 grams per tonne. The 15-...
Star Minerals Starts Site Mobilisation at Tumblegum South Gold Project
Apr 6, 2026
Star Minerals has begun on-site mobilisation at its Tumblegum South Gold Project, with mining contractor MEGA Resources now active on the ground. Early works include topsoil clearing, creation of rehabilitation soil stockpiles and installation of ...
Star Minerals Director Converts Performance Rights Into Ordinary Shares
Mar 31, 2026
Star Minerals has disclosed a change in the holdings of director Ashley Stewart Jones, reflecting the conversion of performance rights into ordinary shares. Jones, through the Jones Family Account, exchanged 1,666,667 performance rights for an equ...
Star Minerals issues new quoted securities under disclosure exemption
Mar 29, 2026
Star Minerals has issued new quoted securities without a formal disclosure document, relying on provisions of the Australian Corporations Act that allow such issues when certain continuous disclosure obligations are met. The company has confirmed ...
Star Minerals Seeks ASX Quotation for 4.4 Million New Shares
Mar 29, 2026
Star Minerals has applied to the ASX for quotation of 4,416,667 new ordinary fully paid shares following the exercise or conversion of existing options or other convertible securities. The new shares, dated 27 March 2026, modestly increase the com...
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.