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Star Minerals Ltd.
(Sydney:SMS)
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Rating:45Neutral
Price Target:
AU$0.04
▲(2.50% Upside)
Action:Reiterated
Date:09/07/26
The score is primarily held down by weak financial performance—volatile/limited revenue, widening losses, and sustained cash burn—despite a low-debt balance sheet. Technical indicators also suggest soft momentum with the stock trading below key moving averages and a low RSI. Valuation provides limited support because losses drive a negative P/E and there is no dividend yield data.
Positive Factors
Effectively Debt-Free Balance Sheet
An effectively debt-free balance sheet reduces near-term solvency pressure and avoids the interest burden associated with leverage. This gives Star Minerals greater flexibility to fund exploration, absorb operating volatility, or raise capital without first managing substantial debt obligations.
Negative Factors
Pre-Revenue Operating Model
Highly inconsistent revenue and zero-revenue years show that Star Minerals has not yet established dependable commercial traction. The sharp 2026 decline makes near-term planning more difficult and leaves the business exposed to continued funding needs until revenue scales sustainably.
Read all positive and negative factors
Positive Factors
Negative Factors
Effectively Debt-Free Balance Sheet
An effectively debt-free balance sheet reduces near-term solvency pressure and avoids the interest burden associated with leverage. This gives Star Minerals greater flexibility to fund exploration, absorb operating volatility, or raise capital without first managing substantial debt obligations.
Read all positive factors
Star Minerals Ltd. (SMS) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$10.95M
Dividend YieldN/A
Average Volume (3M)335.52K
Price to Earnings (P/E)―
Beta (1Y)1.78
Revenue GrowthN/A
EPS Growth31.01%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)N/A
Shares Outstanding260,764,600
10 Day Avg. Volume378,422
30 Day Avg. Volume335,524
Financial Highlights & Ratios
PEG Ratio0.11
Price to Book (P/B)0.92
Price to Sales (P/S)0.00
P/FCF Ratio-4.40
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
62
Positive
Cash Flow
18
Very Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 5.22K | 0.00 | 202.34K | 0.00 |
| Gross Profit | -7.00K | -722.27K | 0.00 | 202.34K | 0.00 |
| EBITDA | -2.33M | -1.90M | -853.08K | -1.17M | -795.76K |
| Net Income | -2.39M | -1.90M | -857.63K | -1.17M | -795.98K |
Balance Sheet | |||||
| Total Assets | 8.71M | 7.76M | 6.59M | 6.41M | 7.80M |
| Cash, Cash Equivalents and Short-Term Investments | 2.10M | 1.18M | 435.16K | 784.03K | 2.97M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 163.51K | 291.54K | 138.51K | 215.46K | 487.58K |
| Stockholders Equity | 8.54M | 7.47M | 6.46M | 6.19M | 7.32M |
Cash Flow | |||||
| Free Cash Flow | -1.79M | -1.58M | -1.18M | -2.19M | -1.79M |
| Operating Cash Flow | -1.71M | -1.34M | -1.11M | -1.82M | -678.13K |
| Investing Cash Flow | -41.92K | -240.37K | -67.31K | -371.21K | -1.11M |
| Financing Cash Flow | 2.68M | 2.32M | 827.74K | 0.00 | 4.53M |
Star Minerals Ltd. Technical Analysis
Negative
0.04
Price Trends
0.04
Negative
0.04
Negative
0.05
Negative
Market Momentum
<0.01
Positive
33.43
Neutral
-54.29
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 0.05, below the 50-day MA of 0.04, and below the 200-day MA of 0.05, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 33.43 is Neutral, neither overbought nor oversold. The STOCH value of -54.29 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% | |
52 Neutral | AU$7.48M | -6.90 | -9.43% | ― | ― | 53.13% | |
51 Neutral | AU$16.80M | -5.82 | -40.02% | ― | ― | 39.32% | |
45 Neutral | AU$10.95M | -3.82 | -28.47% | ― | ― | 31.01% | |
41 Neutral | AU$8.35M | -10.00 | -34.21% | ― | ― | 92.50% | |
38 Underperform | AU$12.17M | -5.29 | -6.21% | ― | ― | 41.18% | |
34 Underperform | AU$8.49M | -1.51 | -36.55% | ― | ― | 5.26% |
* Basic Materials Sector Average
AU:SMS
Star Minerals Ltd.
0.04
-0.01
-21.82%
AU:NWM
Norwest Minerals Ltd.
0.01
0.00
0.00%
AU:E79
E79 Gold Mines Limited
0.03
0.00
0.00%
AU:NSM
North Stawell Minerals, Ltd.
0.02
>-0.01
-33.33%
AU:PGD
Peregrine Gold Ltd.
0.17
-0.12
-41.38%
AU:NES
Nelson Resources Ltd.
0.01
0.00
0.00%
Star Minerals Ltd. Corporate Events
Star Minerals issues new quoted securities under disclosure exemption
Aug 27, 2026
Star Minerals Ltd. has issued quoted securities without a prospectus, relying on specific provisions of the Corporations Act that allow such issuance when certain disclosure and reporting conditions are met. The company confirmed it is compliant w...
Star Minerals Seeks ASX Quotation for New Share Issue
Aug 27, 2026
Star Minerals Ltd., an ASX-listed mining and exploration company trading under the code SMS, has confirmed an issuance of ordinary fully paid shares as part of its capital structure. The move underscores the company’s ongoing engagement with...
Star Minerals Issues 6.7 Million Unquoted Options in Long-Dated Equity Move
Aug 17, 2026
Star Minerals Ltd. has notified the market of a new issue of unquoted equity securities, specifically 6,680,184 options exercisable at $0.0806 and expiring on 16 August 2031, to be issued on 17 August 2026. The options form part of a previously an...
Star Minerals Director Converts Performance Rights to Ordinary Shares
Jul 27, 2026
Star Minerals has reported a change in director Ashley Stewart Jones’s interests, reflecting the conversion of a portion of his performance rights into fully paid ordinary shares. The transaction involved disposing of certain Class B and oth...
Star Minerals Issues New Quoted Securities Under Disclosure Exemption
Jul 24, 2026
Star Minerals has issued a new tranche of quoted securities without a prospectus, relying on an exemption under Section 708A(5) of the Corporations Act 2001. The company states it is fully compliant with financial reporting and continuous disclosu...
Star Minerals Seeks ASX Quotation for Additional Shares Following Option Conversions
Jul 24, 2026
Star Minerals Ltd. has applied to the ASX for quotation of 3,375,001 new ordinary fully paid shares, with an issue date of 24 July 2026. The additional SMS securities result from the exercise or conversion of existing options or other convertible ...
Star Minerals Advances Tumblegum South Mining and Secures New WA Gold Project
Jul 13, 2026
Star Minerals reported a strong June quarter as mining ramped up at the Tumblegum South Gold Project in Western Australia, with site mobilisation complete, key infrastructure in place and the first blast of mineralised material stockpiled on the r...
Star Minerals Director Increases Shareholding Through Performance Rights Conversion
Jul 9, 2026
Star Minerals has reported a change in the holdings of director Ian George Stuart following the conversion of performance rights into ordinary shares. Stuart’s direct and indirect interests were adjusted as 2,416,667 performance rights were ...
Star Minerals Confirms Compliance in New ASX Securities Issue
Jul 6, 2026
Star Minerals Ltd., an ASX-listed minerals exploration company based in Western Australia, continues to operate under the Australian corporate regulatory framework governing listed entities. The business remains subject to ongoing financial report...
Star Minerals Seeks ASX Quotation for New Share Issue
Jul 6, 2026
Star Minerals Ltd. is an Australian-listed resources company operating in the mining sector. The firm is quoted on the ASX under the ticker SMS and focuses on exploration and development activities within the minerals industry, positioning itself ...
Star Minerals Appoints In.Corp as New Auditor After Board Review
Jun 29, 2026
Star Minerals has appointed In.Corp Audit Assurance Pty Ltd as its new auditor following a board-led review, effective immediately, replacing Nexia Perth Audit Services Pty Ltd with the consent of the corporate regulator. In.Corp will serve as au...
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...
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.