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Ferro-Alloy Resources Ltd.
(LSE:FAR)
Select Model
Select Model
Rating:45Neutral
Price Target:
4.50 p
▲(23.29% Upside)
Action:Reiterated
Date:09/25/26
The score is driven primarily by very weak financial performance (ongoing losses, negative cash flow, and negative equity). Technicals provide some support due to the recent price strength versus key moving averages, but elevated RSI and slightly negative MACD temper the signal. Valuation remains unattractive/unclear because earnings are negative and there is no dividend yield provided.
Positive Factors
Debt reduction
The substantial reduction in debt improves the company’s capital structure and lowers financing pressure relative to the prior year. Although negative equity and losses remain serious constraints, lower borrowings may reduce repayment demands and provide somewhat greater flexibility as operations develop.
Negative Factors
Negative shareholders’ equity
Negative equity materially weakens the balance sheet and limits financial flexibility, because the recorded asset base does not provide a positive shareholder capital cushion. Combined with continuing losses, this increases solvency and refinancing risk and can constrain investment in production growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt reduction
The substantial reduction in debt improves the company’s capital structure and lowers financing pressure relative to the prior year. Although negative equity and losses remain serious constraints, lower borrowings may reduce repayment demands and provide somewhat greater flexibility as operations develop.
Read all positive factors
Ferro-Alloy Resources Ltd. (FAR) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£36.26M
Dividend YieldN/A
Average Volume (3M)6.10M
Price to Earnings (P/E)―
Beta (1Y)1.58
Revenue Growth-7.00%
EPS Growth20.39%
CountryUK
Employees200
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.02
Shares Outstanding755,398,400
10 Day Avg. Volume11,854,159
30 Day Avg. Volume6,103,203
Financial Highlights & Ratios
PEG Ratio0.39
Price to Book (P/B)-15.82
Price to Sales (P/S)9.53
P/FCF Ratio-12.98
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)-0.01
Revenue Forecast (FY)£2.00M
Ferro-Alloy Resources Ltd. Business Overview & Revenue Model
Company Description
Ferro-Alloy Resources Ltd. is a holding company, which engages in the exploration, mining, and processing of vanadium containing materials. It includes sale of vanadium and various byproducts from the Balasausqandiq vanadium deposit in Kazakhstan....
How the Company Makes Money
FAR makes money primarily by producing and selling vanadium products to customers that use vanadium as an alloying element (notably in steelmaking). The company’s revenue model is built around (1) operating mineral processing and beneficiation to ...
Ferro-Alloy Resources Ltd. Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
18
Very Negative
Cash Flow
16
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.53M | 4.74M | 5.72M | 6.27M | 4.73M |
| Gross Profit | -1.72M | -2.81M | -1.05M | -1.25M | -162.00K |
| EBITDA | -5.97M | -6.83M | -4.51M | -3.70M | -2.29M |
| Net Income | -8.59M | -9.43M | -5.25M | -4.29M | -2.83M |
Balance Sheet | |||||
| Total Assets | 19.35M | 19.26M | 20.02M | 18.95M | 12.94M |
| Cash, Cash Equivalents and Short-Term Investments | 1.68M | 3.78M | 1.95M | 4.33M | 2.81M |
| Total Debt | 17.65M | 17.57M | 7.39M | 1.11M | 1.39M |
| Total Liabilities | 22.08M | 19.54M | 9.80M | 3.54M | 2.28M |
| Stockholders Equity | -2.73M | -271.00K | 10.22M | 15.41M | 10.66M |
Cash Flow | |||||
| Free Cash Flow | -3.33M | -6.59M | -8.99M | -7.77M | -7.52M |
| Operating Cash Flow | -3.04M | -4.27M | -5.08M | -3.43M | -4.98M |
| Investing Cash Flow | -3.68M | -2.27M | -3.91M | -4.30M | -2.54M |
| Financing Cash Flow | 4.47M | 8.40M | 6.51M | 9.19M | 10.06M |
Ferro-Alloy Resources Ltd. Technical Analysis
Positive
3.65
Price Trends
3.94
Positive
4.37
Positive
5.54
Negative
Market Momentum
0.30
Negative
60.11
Neutral
69.64
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:FAR, the sentiment is Positive. The current price of 3.65 is below the 20-day moving average (MA) of 4.00, below the 50-day MA of 3.94, and below the 200-day MA of 5.54, indicating a neutral trend. The MACD of 0.30 indicates Negative momentum. The RSI at 60.11 is Neutral, neither overbought nor oversold. The STOCH value of 69.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:FAR.
Ferro-Alloy Resources 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% | |
54 Neutral | £162.72M | -0.84 | -33.21% | 10.95% | -28.42% | -411.33% | |
52 Neutral | £13.20M | -3.27 | -424.89% | 5.94% | ― | 33.33% | |
49 Neutral | £69.36M | -11.59 | -6.97% | ― | ― | ― | |
47 Neutral | £71.01M | -1.84 | -18.64% | ― | ― | ― | |
45 Neutral | £36.26M | -3.74 | 283.86% | ― | -7.00% | 20.39% | |
45 Neutral | £4.14M | -2.20 | -7.16% | ― | ― | ― |
* Basic Materials Sector Average
GB:FAR
Ferro-Alloy Resources Ltd.
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Ferro-Alloy Resources Ltd. Corporate Events
Business Operations and StrategyExecutive/Board ChangesFinancial DisclosuresPrivate Placements and Financing
Ferro-Alloy Resources Advances Balasausqandiq Project Amid R&D Push and Balance Sheet Reset
Positive
Sep 28, 2026
Ferro-Alloy Resources reported unaudited interim results for the six months to 30 June 2026, highlighting steady progress on front-end engineering and design for its Balasausqandiq vanadium project and ongoing efforts to secure project finance, in...
Business Operations and Strategy
Ferro-Alloy Resources Signs Rare Earths MoU to Boost Balasausqandiq Project
Positive
Sep 23, 2026
Ferro-Alloy Resources has signed a non-binding memorandum of understanding with California-based Maglut Heavy Industries for the potential supply of mixed rare earth concentrate derived from the Balasausqandiq deposit. Maglut’s chromatograph...
Business Operations and Strategy
Ferro-Alloy signs MoU to tap rare earths from Balasausqandiq vanadium project
Positive
Sep 23, 2026
Ferro-Alloy Resources has signed a non-binding memorandum of understanding with California-based Maglut Heavy Industries for the potential supply of mixed rare earth concentrate derived from its Balasausqandiq ore in Kazakhstan. The deal would use...
Business Operations and StrategyDelistings and Listing ChangesPrivate Placements and Financing
Ferro-Alloy Resources Expands Share Capital After £5.7m Equity Raise
Positive
Sep 1, 2026
Ferro-Alloy Resources Limited has increased its share capital to 755,398,376 ordinary shares following the issue and admission to trading of 167,647,046 new shares on the London Stock Exchange’s Main Market, raising gross proceeds of £5...
Business Operations and Strategy
Ferro-Alloy Resources posts CEO investor Q&A on IMC
Positive
Aug 18, 2026
Ferro-Alloy Resources Limited has released an investor QA session hosted by CEO Nick Bridgen on the Investor Meet Company platform, providing shareholders and potential investors with updated insights into the business. The recorded presentation c...
Business Operations and Strategy
Ferro-Alloy Resources boosts investor outreach as Kazakh vanadium project economics improve
Positive
Aug 5, 2026
Ferro-Alloy Resources Limited, a vanadium producer listed on the London Stock Exchange, is developing the large Balasausqandiq deposit in Southern Kazakhstan, where it plans phased expansion built on an existing concentrate processing and RD opera...
Business Operations and StrategyExecutive/Board ChangesPrivate Placements and Financing
Ferro-Alloy Resources Raises £5.7m, Repays Bonds and Aligns Management for Balasausqandiq Growth
Positive
Jul 31, 2026
Ferro-Alloy Resources has raised £5.7 million through the issuance of 167,647,046 new ordinary shares at 3.4 pence, a 25.3% discount to its prior closing price, and will admit the shares to trading on the London Stock Exchange’s Main Ma...
Business Operations and StrategyExecutive/Board ChangesPrivate Placements and Financing
Ferro-Alloy Resources raises £5.7m, repays bonds and reshapes leadership incentives
Positive
Jul 31, 2026
Ferro-Alloy Resources Limited has raised £5.7m through the issue of 167.47m new ordinary shares at 3.4p, a 25.3% discount to its prior closing price, while key insiders including CEO Nick Bridgen and major shareholder Vision Blue Resources pa...
Business Operations and StrategyExecutive/Board ChangesPrivate Placements and Financing
Ferro-Alloy Resources reshapes leadership as Balausa vanadium project targets U.S. critical minerals demand
Positive
Jul 31, 2026
Ferro-Alloy Resources has announced a strategic update centred on its Balausa Project, including the appointment of veteran mine builder Peter Secker as chief executive officer from mid-October 2026, with long-serving CEO Nick Bridgen moving to a ...
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.