Want to see TSE:FMS full AI Analyst Report?
Top Page
Focus Graphite
(FMS)
Select Model
Select Model
Rating:42Neutral
Price Target:
C$0.38
▼(-17.61% Downside)
Action:Reiterated
Date:09/17/26
The score is primarily held down by very weak financial performance (pre-revenue operations, widening losses, and accelerating cash burn alongside negative equity). Technical indicators are neutral and do not offset the fundamental risk, while valuation is limited by ongoing losses (negative P/E) and no indicated dividend yield.
Positive Factors
No TTM Debt
Eliminating reported TTM debt reduces scheduled repayment and interest obligations, providing some financial flexibility while the project remains in development. However, this benefit is limited because negative equity and ongoing losses still create funding pressure and may require external capital.
Negative Factors
Pre-Revenue Status
No reported revenue confirms that Focus Graphite has not yet reached commercial operating scale, so it cannot presently fund its activities through graphite sales. Future revenue depends on developing Lac Knife into a producing mine, leaving results highly dependent on project execution.
Read all positive and negative factors
Positive Factors
Negative Factors
No TTM Debt
Eliminating reported TTM debt reduces scheduled repayment and interest obligations, providing some financial flexibility while the project remains in development. However, this benefit is limited because negative equity and ongoing losses still create funding pressure and may require external capital.
Read all positive factors
Focus Graphite (FMS) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$47.08M
Dividend YieldN/A
Average Volume (3M)47.22K
Price to Earnings (P/E)―
Beta (1Y)-0.15
Revenue GrowthN/A
EPS Growth-41.04%
CountryCA
Employees20
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.05
Shares Outstanding110,771,730
10 Day Avg. Volume33,247
30 Day Avg. Volume47,219
Financial Highlights & Ratios
PEG Ratio3.37
Price to Book (P/B)-6.70
Price to Sales (P/S)0.00
P/FCF Ratio-17.00
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
Focus Graphite Business Overview & Revenue Model
Company Description
Focus Graphite Inc. operates as an exploration-stage mining company primarily engaged in the acquisition, exploration, and development of mineral properties. Its operations are centered in Quebec, Canada, where it targets a diverse range of minera...
How the Company Makes Money
As a pre-production mining issuer, Focus Graphite’s ability to generate operating revenue from graphite sales depends on successfully developing its Lac Knife project into a producing mine; public sources do not indicate ongoing commercial graphit...
Focus Graphite Financial Statement Overview
Summary
Income Statement
9
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
14
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Sep 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -5.11M | -2.57M | 387.00 | 340.29K | 392.37K | -3.04M |
| Net Income | -5.09M | -2.60M | -1.98M | -4.66M | -4.80M | -3.04M |
Balance Sheet | ||||||
| Total Assets | 1.46M | 670.30K | 100.00K | 38.88M | 39.85M | 35.58M |
| Cash, Cash Equivalents and Short-Term Investments | 1.13M | 575.95K | 1.69K | 137.71K | 1.47M | 4.94M |
| Total Debt | 0.00 | 1.33M | 2.30M | 60.00K | 60.00K | 2.46M |
| Total Liabilities | 3.87M | 4.27M | 5.58M | 5.27M | 6.14M | 5.85M |
| Stockholders Equity | -2.41M | -3.60M | -5.48M | 33.61M | 33.70M | 29.73M |
Cash Flow | ||||||
| Free Cash Flow | -4.11M | -1.42M | -1.11M | -2.65M | -9.33M | -4.19M |
| Operating Cash Flow | -4.11M | -1.42M | -1.11M | -1.53M | -1.04M | -1.45M |
| Investing Cash Flow | 0.00 | 0.00 | 185.85K | -920.46K | -7.65M | -2.30M |
| Financing Cash Flow | 5.12M | 1.99M | 787.84K | 1.12M | 5.23M | 7.80M |
Focus Graphite Technical Analysis
Positive
0.46
Price Trends
0.41
Positive
0.41
Positive
0.40
Positive
Market Momentum
<0.01
Positive
51.57
Neutral
42.59
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FMS, the sentiment is Positive. The current price of 0.46 is above the 20-day moving average (MA) of 0.42, above the 50-day MA of 0.41, and above the 200-day MA of 0.40, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 51.57 is Neutral, neither overbought nor oversold. The STOCH value of 42.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:FMS.
Focus Graphite 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% | |
44 Neutral | C$57.94M | -14.29 | -15.52% | ― | ― | -22.50% | |
44 Neutral | C$60.43M | -1.01 | -123.56% | ― | 7.06% | -39.49% | |
43 Neutral | C$10.36M | -16.67 | -4.15% | ― | ― | 86.05% | |
42 Neutral | C$47.08M | -8.73 | 253.60% | ― | ― | -41.04% | |
42 Neutral | C$13.28M | -0.42 | 66.83% | ― | -64.07% | 7.64% |
* Basic Materials Sector Average
TSE:FMS
Focus Graphite
0.43
-0.20
-31.45%
TSE:AMY
RecycLiCo Battery Materials
0.04
-0.18
-81.82%
TSE:LEM
Leading Edge Materials
0.21
-0.23
-52.27%
TSE:NGC
Northern Graphite
0.08
-0.18
-69.23%
TSE:NEXT
NextSource Materials Inc
0.26
-0.22
-45.83%
Focus Graphite Corporate Events
Business Operations and Strategy
Focus Graphite and C4V Target North American Mine-to-Anode Battery Materials Platform
Positive
Aug 26, 2026
Focus Graphite has entered a non-binding Memorandum of Understanding with U.S. battery technology company C4V to test graphite concentrate from its Lac Knife project using C4V’s proprietary Green Anode Technology. The collaboration aims to b...
Business Operations and Strategy
Focus Graphite Gains Federal Backing as Lac Knife Power Plan Cuts Future Capex
Positive
Aug 21, 2026
Focus Graphite has been recognized by the Canadian federal government as a strategic participant in its clean energy and critical minerals push, with the company’s Lac Knife infrastructure initiative selected among four projects backed by Na...
Business Operations and StrategyPrivate Placements and Financing
Focus Graphite Chairman Converts Loan to Equity as Federal Support Boosts Lac Knife Project
Positive
Aug 18, 2026
Focus Graphite Inc., a Canadian developer of high-grade flake graphite deposits and advanced materials, is building an integrated graphite platform to serve battery, defence, advanced manufacturing and other strategic industries across North Ameri...
Business Operations and StrategyExecutive/Board Changes
Focus Graphite Grants Equity Awards to Align Leadership With Long‑Term Strategy
Positive
Aug 5, 2026
Focus Graphite Inc. has granted 7.9 million incentive stock options to directors and a consultant, exercisable at $0.34 per share for five years and vesting immediately. The company also issued 649,444 restricted share units to a director that wil...
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.