View ValuationFerro-Alloy Resources 将来の成長Future 基準チェック /06現在、 Ferro-Alloy Resourcesの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率Metals and Mining 収益成長17.0%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a今後の成長に関する最新情報お知らせ • Jan 31Ferro-Alloy Resources Limited Provides Earnings and Production Guidance for the Year 2023Ferro-Alloy Resources Limited provided earnings and production guidance for the year 2023. The company believes that both the production and financial results for 2023 are likely to be significantly better than 2022.すべての更新を表示Recent updatesReported Earnings • May 05Full year 2025 earnings released: US$0.017 loss per share (vs US$0.02 loss in FY 2024)Full year 2025 results: US$0.017 loss per share (improved from US$0.02 loss in FY 2024). Revenue: US$4.53m (down 4.4% from FY 2024). Net loss: US$8.42m (loss narrowed 11% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 20% per year and the company’s share price has also fallen by 20% per year.New Risk • Apr 19New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Negative equity (-US$3.2m). Earnings have declined by 25% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (UK£34.7m market cap, or US$46.9m).New Risk • Apr 07New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Negative equity (-US$3.2m). Earnings have declined by 25% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (UK£35.3m market cap, or US$46.7m).New Risk • Mar 12New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Negative equity (-US$3.2m). Earnings have declined by 25% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (UK£40.0m market cap, or US$53.3m).お知らせ • Dec 06Ferro-Alloy Resources Limited has filed a Follow-on Equity Offering in the amount of £1.549886 million.Ferro-Alloy Resources Limited has filed a Follow-on Equity Offering in the amount of £1.549886 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 24,931,147 Price\Range: £0.055 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 3,248,600 Price\Range: £0.055 Transaction Features: Subsequent Direct Listingお知らせ • Nov 12Ferro-Alloy Resources Limited has completed a Follow-on Equity Offering in the amount of £1.238333 million.Ferro-Alloy Resources Limited has completed a Follow-on Equity Offering in the amount of £1.238333 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 20,638,879 Price\Range: £0.06 Transaction Features: Subsequent Direct Listingお知らせ • Nov 05Ferro-Alloy Resources Limited has filed a Follow-on Equity Offering in the amount of £1.238333 million.Ferro-Alloy Resources Limited has filed a Follow-on Equity Offering in the amount of £1.238333 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 20,638,879 Price\Range: £0.06 Transaction Features: Subsequent Direct Listingお知らせ • Oct 13Ferro-Alloy Resources Limited Announces Positive Feasibility Study Results IRR of 22%Ferro-Alloy Resources Limited announced the results of its feasibility study on Phase 1 of the large Balasausqandiq vanadium deposit (the "Project") in Southern Kazakhstan (the "Feasibility Study"). Compelling economics with net present value ("NPV") of USD 748 million (post tax discount rate of 8%) and Project internal rate of return ("IRR") of 22%. Funding required to enter production of USD 520 million. Bottom decile of industry cash operating costs, with attractive by-product credit value upside: Cash cost of USD 4.35 per pound ("lb") (V2O5 equivalent basis). Cash cost of USD 0.36/lb (net of by-product credits). Vanadium pentoxide ("V2O5") price forecast of USD 8.67/lb in 2029 increasing to USD 10.59/lb in 2037 and thereafter. Annual production of 8,500 tonnes of V2O5, plus 247,000 tonnes of carbon black substitute ("CBS"). Mine life of 20 years. Phase 2 expansion could increase total production to four times the Phase 1 level, based on ore-bodies 2, 3 and 4, ("OB2,3,4") with an equally long mine life. Areas for optimisation show the potential to significantly improve NPV and IRR following the completion of front-end engineering design ("FEED"). Discussions ongoing with potential customers for a new type of CBS (announced on 27 June 2025) to be made from the mine waste, additional to the current CBS. Discussions in progress, with expressions of interest received from potential debt and equity providers.New Risk • Oct 10New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 14% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Negative equity (-US$3.2m). Earnings have declined by 25% per year over the past 5 years.お知らせ • Oct 09Ferro-Alloy Resources Limited, Annual General Meeting, Nov 14, 2025Ferro-Alloy Resources Limited, Annual General Meeting, Nov 14, 2025. Location: the duke of richmond hotel, anns place, st peter port, gy1 1uy, GuernseyReported Earnings • Oct 05First half 2025 earnings released: US$0.007 loss per share (vs US$0.008 loss in 1H 2024)First half 2025 results: US$0.007 loss per share (improved from US$0.008 loss in 1H 2024). Revenue: US$2.53m (up 18% from 1H 2024). Net loss: US$3.50m (loss narrowed 12% from 1H 2024). Revenue is forecast to grow 108% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Metals and Mining industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.New Risk • Aug 15New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Negative equity (-US$271k). Earnings have declined by 21% per year over the past 5 years. Minor Risks Revenue is less than US$5m (US$4.7m revenue). Market cap is less than US$100m (UK£50.0m market cap, or US$67.8m).お知らせ • Jul 08Ferro-Alloy Resources Limited has completed a Follow-on Equity Offering in the amount of £1 million.Ferro-Alloy Resources Limited has completed a Follow-on Equity Offering in the amount of £1 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 16,666,667 Price\Range: £0.06 Transaction Features: Subsequent Direct Listingお知らせ • Jun 27Ferro-Alloy Resources Limited Announces Progress in the Development of the Carbon Black Substitute Product and an Update of the Feasibility Study on Phase 1 of the Balasausqandiq ProjectFerro-Alloy Resources Limited announced progress in the development of the carbon black substitute ("CBS") product and an update of the Feasibility Study ("Feasibility Study") on Phase 1 of the Balasausqandiq Project (the "Project"). A new CBS product developed based on processing high-carbon /low vanadium waste rock located within the existing pit shells scheduled to be stripped during the mining of Ore-Body 1 ("OB1"); Successful laboratory testing of the new CBS product (and the existing c. 40% carbon CBS product) by a major manufacturer and supplier of automotive rubber products to the Chinese car industry opens the prospect of a valuable CBS revenue stream with the potential to be brought online prior to the construction of the Project's main processing plant; A 20 tonne sample of the new CBS product is being sent to the potential Chinese customer for industrial testing; Feasibility Study substantially complete including the 1.65 million tonnes per year ("Mtpa") process plant design, tailing storage facility design and mine plan; Potential changes to the CBS product specification, source ore and treatment process, which could materially improve the CBS aspects of the Feasibility Study, will be made over the course of the summer, deferring the projected issue date of the Feasibility Study to September 2025. The marketing division of the same consultancy advised that the CBS product should be marketed, based on a comparison with other reinforcing fillers currently available, at a price of USD 500 per tonne for the tyre market, and between USD 500 and USD 600 per tonne for the non-tyre market. New CBS product On 2 December 2024, the Company announced that the focus of its operating plant would be switched to research and development ("R&D"), including the development of CBS markets. As a result of that R&D, the Company has developed a further CBS product, with a lower carbon content in comparison to the existing CBS product, whilst still maintaining good reinforcing qualities in the manufacture of rubber. The Company has built a test-plant which is currently producing around 400 kg of the new CBS product per hour. A separate plant to produce the new CBS product, processing the stripped high carbon /low vanadium waste rock, could be built and operated in advance of the construction of the Project processing plant, providing the Company with a valuable early cash flow stream. A 20 tonne sample of The new CBS product is being sent To the potential Chinese customer for industrial scale testing, following which, offtake discussions are likely to result. The Feasibility Study is substantially complete with respect to the mining and processing to recover vanadium pentoxide as flake; Mineral reserve 33 million tonnes (OB1 only); Mining and throughput to the process plant - 1.65 Mtpa; Vanadium pentoxide output - 8,500 tonnes per year ("tpa); Carbon black substitute output - up to 220,000 tpa; Process plant design, tailings storage facility design and mine planning complete; Ecological and social studies have not identified any significant issues The Board of Directors is of the opinion that deferring the publication of the Feasibility Study To September 2025 will allow time to conduct additional work on the new CBS product and reflect any offtake agreements that might ensue. The Project will be developed in two phases, Phase 1 and Phase 2.お知らせ • Jun 03Ferro-Alloy Resources Limited Enters into A Non-Binding, Non-Exclusive Framework Agreement with China National Chemical Engineering Sixth Construction Co., LtdFerro-Alloy Resources Limited announced that it has entered into a non-binding, non-exclusive framework agreement (the "Agreement") with China National Chemical Engineering Sixth Construction Co. Ltd. ("CC6") to design and construct Phase 1 of the Balasausqandiq Project. The Company and CC6 (together, the "Parties") have entered into the Agreement to document the common intent between the Parties to advance CC6's potential engagement as the contractor to undertake the front end engineering and design ("FEED") contract and the engineering, procurement and construction ("EPC") contract (together, the "Contracts") for Phase 1 of the Balasqandiq Project. Under the Agreement, the Parties will consider and negotiate the potential contractual terms between the Parties that could lead to the award of the Contracts to CC6. The Agreement is non-binding and non-exclusive. Any ultimate contractual relationship between the Parties remains subject to the entry into the relevant documentation on terms acceptable to both Parties. CC6 CC6, founded in 1965, is a wholly owned subsidiary of China National Chemical Engineering Group Corp, and specialises in the engineering, design and construction of industrial processing plants. CC6 has completed in excess of 4,000 large or medium sized projects in over 20 countries, including Kazakhstan, and has significant prior experience and expertise with FEED and EPC contracts for the design or construction of more than 50 vanadium related projects. Signing this agreement is the first step towards what could turn out to be a very advantageous partnership, which could significantly advance the project schedule and ensure cost-effective engineering and construction.Reported Earnings • May 01Full year 2024 earnings released: US$0.02 loss per share (vs US$0.012 loss in FY 2023)Full year 2024 results: US$0.02 loss per share (further deteriorated from US$0.012 loss in FY 2023). Revenue: US$4.74m (down 17% from FY 2023). Net loss: US$9.43m (loss widened 80% from FY 2023). Revenue is expected to decline by 150% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in the United Kingdom are expected to grow by 2.3%. Over the last 3 years on average, earnings per share has fallen by 32% per year whereas the company’s share price has fallen by 35% per year.New Risk • Apr 14New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 25% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (7.9% average weekly change). Revenue is less than US$5m (US$4.6m revenue). Market cap is less than US$100m (UK£33.8m market cap, or US$44.2m).Reported Earnings • Sep 29First half 2024 earnings released: US$0.008 loss per share (vs US$0.003 loss in 1H 2023)First half 2024 results: US$0.008 loss per share (further deteriorated from US$0.003 loss in 1H 2023). Revenue: US$2.15m (down 35% from 1H 2023). Net loss: US$3.99m (loss widened 161% from 1H 2023). Revenue is forecast to grow 64% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Metals and Mining industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has fallen by 45% per year, which means it is performing significantly worse than earnings.New Risk • Sep 27New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$9.5m free cash flow). Earnings have declined by 25% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Shareholders have been diluted in the past year (7.5% increase in shares outstanding). Revenue is less than US$5m (US$4.6m revenue). Market cap is less than US$100m (UK£22.5m market cap, or US$30.1m).分析記事 • Sep 27Is Ferro-Alloy Resources (LON:FAR) A Risky Investment?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...New Risk • Sep 27New minor risk - Revenue sizeThe company makes less than US$5m in revenue. Total revenue: US$4.6m This is considered a minor risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$9.5m free cash flow). Earnings have declined by 25% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (7.5% increase in shares outstanding). Revenue is less than US$5m (US$4.6m revenue). Market cap is less than US$100m (UK£26.2m market cap, or US$35.2m).お知らせ • Sep 26Ferro-Alloy Resources Limited Provides Update on Results from the Testing Completed on Its Carbon Concentrate and the Balasausqandiq Feasibility StudyFerro-Alloy Resources Limited provided an update on the results from the testing completed on its carbon concentrate and the Balasausqandiq feasibility study. Carbon Concentrate: Results from the testing of the Company's carbon concentrate to be produced from the tailings of the Balasausqandiq ore have confirmed the suitability of the concentrate for use in tyre rubber manufacture and other carbon black based rubber applications. The testing has shown that the carbon concentrate can be successfully used as a partial substitute for conventional carbon black filler in a passenger car tyre sidewall compound formulation. A marketing report quantifying the value proposition of the concentrate is being finalised. Feasibility Study: Feasibility study for Phase 1 is ongoing: Current focus of the study is on the optimisation of the planned tailings storage facility. Site selection is in progress and preliminary capital estimates have been completed on a staged construction basis to refine initial capital spend. Design capacity of the Phase 1 process plant has been increased to 1.65m tonnes throughput per year and the comminution circuit design work has been completed. Reagent optimisation programme commenced to quantify improvements to the project's expected operational expenditure. In order to accommodate the increased design capacity of the Phase 1 process plant and the reagent optimisation programme, the Company now expects the feasibility study to be published during Second Quarter 2025.お知らせ • Sep 19Ferro-Alloy Resources Limited, Annual General Meeting, Oct 23, 2024Ferro-Alloy Resources Limited, Annual General Meeting, Oct 23, 2024. Location: the old government house hotel, anns place, st peter port, gy1 2nu, Guernsey分析記事 • Jun 07Ferro-Alloy Resources (LON:FAR) Is Carrying A Fair Bit Of DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Reported Earnings • Apr 30Full year 2023 earnings released: US$0.012 loss per share (vs US$0.011 loss in FY 2022)Full year 2023 results: US$0.012 loss per share (further deteriorated from US$0.011 loss in FY 2022). Revenue: US$5.72m (down 8.9% from FY 2022). Net loss: US$5.25m (loss widened 23% from FY 2022). Revenue is forecast to grow 46% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Metals and Mining industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 47% per year, which means it is performing significantly worse than earnings.New Risk • Mar 29New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$8.9m free cash flow). Earnings have declined by 39% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (7.7% average weekly change). Shareholders have been diluted in the past year (8.3% increase in shares outstanding). Market cap is less than US$100m (UK£21.3m market cap, or US$26.8m).New Risk • Nov 19New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 39% per year over the past 5 years. Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$8.9m). Shareholders have been diluted in the past year (8.3% increase in shares outstanding). Market cap is less than US$100m (UK£42.3m market cap, or US$52.7m).お知らせ • Oct 07Ferro-Alloy Resources Limited, Annual General Meeting, Nov 01, 2023Ferro-Alloy Resources Limited, Annual General Meeting, Nov 01, 2023, at 14:00 Coordinated Universal Time. Location: The Duke of Richmond Hotel, Cambridge Park, St Peter Port Guernsey, GY1 1UY. Guernsey United KingdomReported Earnings • Sep 13First half 2023 earnings released: US$0.003 loss per share (vs US$0.002 loss in 1H 2022)First half 2023 results: US$0.003 loss per share (further deteriorated from US$0.002 loss in 1H 2022). Revenue: US$3.31m (down 15% from 1H 2022). Net loss: US$1.53m (loss widened 121% from 1H 2022). Revenue is forecast to grow 57% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.New Risk • Jul 25New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$7.8m free cash flow). Earnings have declined by 39% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (UK£49.5m market cap, or US$63.7m).New Risk • Jul 03New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$7.8m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$7.8m free cash flow). Earnings have declined by 39% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (UK£43.6m market cap, or US$55.4m).Recent Insider Transactions • May 04CEO & Director recently bought UK£650k worth of stockOn the 2nd of May, Nicholas Bridgen bought around 6m shares on-market at roughly UK£0.10 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Nicholas' only on-market trade for the last 12 months.Reported Earnings • Apr 30Full year 2022 earnings released: US$0.011 loss per share (vs US$0.008 loss in FY 2021)Full year 2022 results: US$0.011 loss per share (further deteriorated from US$0.008 loss in FY 2021). Revenue: US$6.27m (up 33% from FY 2021). Net loss: US$4.29m (loss widened 52% from FY 2021). Revenue is forecast to grow 41% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.お知らせ • Jan 31Ferro-Alloy Resources Limited Provides Earnings and Production Guidance for the Year 2023Ferro-Alloy Resources Limited provided earnings and production guidance for the year 2023. The company believes that both the production and financial results for 2023 are likely to be significantly better than 2022.Board Change • Nov 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. CFO & Director Will Callewaert was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Sep 16First half 2022 earnings released: US$0.002 loss per share (vs US$0.003 loss in 1H 2021)First half 2022 results: US$0.002 loss per share (improved from US$0.003 loss in 1H 2021). Revenue: US$3.91m (up 153% from 1H 2021). Net loss: US$694.0k (loss narrowed 36% from 1H 2021). Revenue is forecast to grow 44% p.a. on average during the next 2 years, compared to a 3.4% decline forecast for the Metals and Mining industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 18% per year.Reported Earnings • May 01Full year 2021 earnings released: US$0.008 loss per share (vs US$0.012 loss in FY 2020)Full year 2021 results: US$0.008 loss per share (up from US$0.012 loss in FY 2020). Revenue: US$4.73m (up 99% from FY 2020). Net loss: US$2.83m (loss narrowed 28% from FY 2020). Over the next year, revenue is forecast to grow 231%, compared to a 6.6% growth forecast for the mining industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance.Board Change • Apr 27No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. CFO & Director Will Callewaert was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Feb 21No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Chairman Mick Davis was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Nov 19Ferro-Alloy Resources Ltd's Ordinary Shares to Be Deleted from Other OTCFerro-Alloy Resources Limited (LSE:FAR)'s Ordinary Shares NPV (Guernsey) will be deleted from other OTC effective from November 18, 2020 due to Inactive Security.お知らせ • Sep 04Ferro-Alloy Resources Limited has completed a Follow-on Equity Offering in the amount of £0.5 million.Ferro-Alloy Resources Limited has completed a Follow-on Equity Offering in the amount of £0.5 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 6,250,000 Price\Range: £0.08 Transaction Features: Subsequent Direct Listing このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、Ferro-Alloy Resources は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測LSE:FAR - アナリストの将来予測と過去の財務データ ( )USD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20255-8-5-1N/A9/30/20255-9-5-1N/A6/30/20255-9-6-2N/A3/31/20255-9-6-3N/A12/31/20245-9-7-4N/A9/30/20245-9-8-5N/A6/30/20245-8-9-7N/A3/31/20245-6-9-6N/A12/31/20236-5-9-5N/A9/30/20236-5-9-5N/A6/30/20236-5-9-4N/A3/31/20236-5-8-4N/A12/31/20226-4-8-3N/A9/30/20227-3-7-4N/A6/30/20227-2-7-4N/A3/31/20226-3-7-5N/A12/31/20215-3-8-5N/A9/30/20214-3-6-3N/A6/30/20213-3-4-2N/A3/31/20213-4-3-2N/A12/31/20202-4-2-1N/A9/30/20202-4-4-2N/A6/30/20202-4-5-3N/A3/31/20202-4-6-4N/A12/31/20192-3-7-4N/A9/30/201920N/A-2N/A6/30/201941N/A-1N/A3/31/201942N/A0N/A12/31/201843N/A1N/A9/30/201831N/A0N/A6/30/201820N/A-1N/A3/31/201820N/A-1N/A12/31/20171-1N/A-1N/A9/30/20171-1N/A-1N/A6/30/20171-1N/A0N/A3/31/20171-1N/A-1N/A12/31/20160-1N/A-1N/A12/31/20150-2N/A-1N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: FARの予測収益成長が 貯蓄率 ( 3.4% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: FARの収益がUK市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: FARの収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: FARの収益がUK市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: FARの収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。一株当たり利益成長率予想将来の株主資本利益率将来のROE: FARの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YMaterials 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/21 08:23終値2026/05/21 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Ferro-Alloy Resources Limited 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。4 アナリスト機関Duncan HayPanmure LiberumLi LowShore Capital Group LtdRobert SandersShore Capital Group Ltd1 その他のアナリストを表示
お知らせ • Jan 31Ferro-Alloy Resources Limited Provides Earnings and Production Guidance for the Year 2023Ferro-Alloy Resources Limited provided earnings and production guidance for the year 2023. The company believes that both the production and financial results for 2023 are likely to be significantly better than 2022.
Reported Earnings • May 05Full year 2025 earnings released: US$0.017 loss per share (vs US$0.02 loss in FY 2024)Full year 2025 results: US$0.017 loss per share (improved from US$0.02 loss in FY 2024). Revenue: US$4.53m (down 4.4% from FY 2024). Net loss: US$8.42m (loss narrowed 11% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 20% per year and the company’s share price has also fallen by 20% per year.
New Risk • Apr 19New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Negative equity (-US$3.2m). Earnings have declined by 25% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (UK£34.7m market cap, or US$46.9m).
New Risk • Apr 07New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Negative equity (-US$3.2m). Earnings have declined by 25% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (UK£35.3m market cap, or US$46.7m).
New Risk • Mar 12New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Negative equity (-US$3.2m). Earnings have declined by 25% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (UK£40.0m market cap, or US$53.3m).
お知らせ • Dec 06Ferro-Alloy Resources Limited has filed a Follow-on Equity Offering in the amount of £1.549886 million.Ferro-Alloy Resources Limited has filed a Follow-on Equity Offering in the amount of £1.549886 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 24,931,147 Price\Range: £0.055 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 3,248,600 Price\Range: £0.055 Transaction Features: Subsequent Direct Listing
お知らせ • Nov 12Ferro-Alloy Resources Limited has completed a Follow-on Equity Offering in the amount of £1.238333 million.Ferro-Alloy Resources Limited has completed a Follow-on Equity Offering in the amount of £1.238333 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 20,638,879 Price\Range: £0.06 Transaction Features: Subsequent Direct Listing
お知らせ • Nov 05Ferro-Alloy Resources Limited has filed a Follow-on Equity Offering in the amount of £1.238333 million.Ferro-Alloy Resources Limited has filed a Follow-on Equity Offering in the amount of £1.238333 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 20,638,879 Price\Range: £0.06 Transaction Features: Subsequent Direct Listing
お知らせ • Oct 13Ferro-Alloy Resources Limited Announces Positive Feasibility Study Results IRR of 22%Ferro-Alloy Resources Limited announced the results of its feasibility study on Phase 1 of the large Balasausqandiq vanadium deposit (the "Project") in Southern Kazakhstan (the "Feasibility Study"). Compelling economics with net present value ("NPV") of USD 748 million (post tax discount rate of 8%) and Project internal rate of return ("IRR") of 22%. Funding required to enter production of USD 520 million. Bottom decile of industry cash operating costs, with attractive by-product credit value upside: Cash cost of USD 4.35 per pound ("lb") (V2O5 equivalent basis). Cash cost of USD 0.36/lb (net of by-product credits). Vanadium pentoxide ("V2O5") price forecast of USD 8.67/lb in 2029 increasing to USD 10.59/lb in 2037 and thereafter. Annual production of 8,500 tonnes of V2O5, plus 247,000 tonnes of carbon black substitute ("CBS"). Mine life of 20 years. Phase 2 expansion could increase total production to four times the Phase 1 level, based on ore-bodies 2, 3 and 4, ("OB2,3,4") with an equally long mine life. Areas for optimisation show the potential to significantly improve NPV and IRR following the completion of front-end engineering design ("FEED"). Discussions ongoing with potential customers for a new type of CBS (announced on 27 June 2025) to be made from the mine waste, additional to the current CBS. Discussions in progress, with expressions of interest received from potential debt and equity providers.
New Risk • Oct 10New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 14% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Negative equity (-US$3.2m). Earnings have declined by 25% per year over the past 5 years.
お知らせ • Oct 09Ferro-Alloy Resources Limited, Annual General Meeting, Nov 14, 2025Ferro-Alloy Resources Limited, Annual General Meeting, Nov 14, 2025. Location: the duke of richmond hotel, anns place, st peter port, gy1 1uy, Guernsey
Reported Earnings • Oct 05First half 2025 earnings released: US$0.007 loss per share (vs US$0.008 loss in 1H 2024)First half 2025 results: US$0.007 loss per share (improved from US$0.008 loss in 1H 2024). Revenue: US$2.53m (up 18% from 1H 2024). Net loss: US$3.50m (loss narrowed 12% from 1H 2024). Revenue is forecast to grow 108% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Metals and Mining industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
New Risk • Aug 15New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Negative equity (-US$271k). Earnings have declined by 21% per year over the past 5 years. Minor Risks Revenue is less than US$5m (US$4.7m revenue). Market cap is less than US$100m (UK£50.0m market cap, or US$67.8m).
お知らせ • Jul 08Ferro-Alloy Resources Limited has completed a Follow-on Equity Offering in the amount of £1 million.Ferro-Alloy Resources Limited has completed a Follow-on Equity Offering in the amount of £1 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 16,666,667 Price\Range: £0.06 Transaction Features: Subsequent Direct Listing
お知らせ • Jun 27Ferro-Alloy Resources Limited Announces Progress in the Development of the Carbon Black Substitute Product and an Update of the Feasibility Study on Phase 1 of the Balasausqandiq ProjectFerro-Alloy Resources Limited announced progress in the development of the carbon black substitute ("CBS") product and an update of the Feasibility Study ("Feasibility Study") on Phase 1 of the Balasausqandiq Project (the "Project"). A new CBS product developed based on processing high-carbon /low vanadium waste rock located within the existing pit shells scheduled to be stripped during the mining of Ore-Body 1 ("OB1"); Successful laboratory testing of the new CBS product (and the existing c. 40% carbon CBS product) by a major manufacturer and supplier of automotive rubber products to the Chinese car industry opens the prospect of a valuable CBS revenue stream with the potential to be brought online prior to the construction of the Project's main processing plant; A 20 tonne sample of the new CBS product is being sent to the potential Chinese customer for industrial testing; Feasibility Study substantially complete including the 1.65 million tonnes per year ("Mtpa") process plant design, tailing storage facility design and mine plan; Potential changes to the CBS product specification, source ore and treatment process, which could materially improve the CBS aspects of the Feasibility Study, will be made over the course of the summer, deferring the projected issue date of the Feasibility Study to September 2025. The marketing division of the same consultancy advised that the CBS product should be marketed, based on a comparison with other reinforcing fillers currently available, at a price of USD 500 per tonne for the tyre market, and between USD 500 and USD 600 per tonne for the non-tyre market. New CBS product On 2 December 2024, the Company announced that the focus of its operating plant would be switched to research and development ("R&D"), including the development of CBS markets. As a result of that R&D, the Company has developed a further CBS product, with a lower carbon content in comparison to the existing CBS product, whilst still maintaining good reinforcing qualities in the manufacture of rubber. The Company has built a test-plant which is currently producing around 400 kg of the new CBS product per hour. A separate plant to produce the new CBS product, processing the stripped high carbon /low vanadium waste rock, could be built and operated in advance of the construction of the Project processing plant, providing the Company with a valuable early cash flow stream. A 20 tonne sample of The new CBS product is being sent To the potential Chinese customer for industrial scale testing, following which, offtake discussions are likely to result. The Feasibility Study is substantially complete with respect to the mining and processing to recover vanadium pentoxide as flake; Mineral reserve 33 million tonnes (OB1 only); Mining and throughput to the process plant - 1.65 Mtpa; Vanadium pentoxide output - 8,500 tonnes per year ("tpa); Carbon black substitute output - up to 220,000 tpa; Process plant design, tailings storage facility design and mine planning complete; Ecological and social studies have not identified any significant issues The Board of Directors is of the opinion that deferring the publication of the Feasibility Study To September 2025 will allow time to conduct additional work on the new CBS product and reflect any offtake agreements that might ensue. The Project will be developed in two phases, Phase 1 and Phase 2.
お知らせ • Jun 03Ferro-Alloy Resources Limited Enters into A Non-Binding, Non-Exclusive Framework Agreement with China National Chemical Engineering Sixth Construction Co., LtdFerro-Alloy Resources Limited announced that it has entered into a non-binding, non-exclusive framework agreement (the "Agreement") with China National Chemical Engineering Sixth Construction Co. Ltd. ("CC6") to design and construct Phase 1 of the Balasausqandiq Project. The Company and CC6 (together, the "Parties") have entered into the Agreement to document the common intent between the Parties to advance CC6's potential engagement as the contractor to undertake the front end engineering and design ("FEED") contract and the engineering, procurement and construction ("EPC") contract (together, the "Contracts") for Phase 1 of the Balasqandiq Project. Under the Agreement, the Parties will consider and negotiate the potential contractual terms between the Parties that could lead to the award of the Contracts to CC6. The Agreement is non-binding and non-exclusive. Any ultimate contractual relationship between the Parties remains subject to the entry into the relevant documentation on terms acceptable to both Parties. CC6 CC6, founded in 1965, is a wholly owned subsidiary of China National Chemical Engineering Group Corp, and specialises in the engineering, design and construction of industrial processing plants. CC6 has completed in excess of 4,000 large or medium sized projects in over 20 countries, including Kazakhstan, and has significant prior experience and expertise with FEED and EPC contracts for the design or construction of more than 50 vanadium related projects. Signing this agreement is the first step towards what could turn out to be a very advantageous partnership, which could significantly advance the project schedule and ensure cost-effective engineering and construction.
Reported Earnings • May 01Full year 2024 earnings released: US$0.02 loss per share (vs US$0.012 loss in FY 2023)Full year 2024 results: US$0.02 loss per share (further deteriorated from US$0.012 loss in FY 2023). Revenue: US$4.74m (down 17% from FY 2023). Net loss: US$9.43m (loss widened 80% from FY 2023). Revenue is expected to decline by 150% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in the United Kingdom are expected to grow by 2.3%. Over the last 3 years on average, earnings per share has fallen by 32% per year whereas the company’s share price has fallen by 35% per year.
New Risk • Apr 14New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 25% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (7.9% average weekly change). Revenue is less than US$5m (US$4.6m revenue). Market cap is less than US$100m (UK£33.8m market cap, or US$44.2m).
Reported Earnings • Sep 29First half 2024 earnings released: US$0.008 loss per share (vs US$0.003 loss in 1H 2023)First half 2024 results: US$0.008 loss per share (further deteriorated from US$0.003 loss in 1H 2023). Revenue: US$2.15m (down 35% from 1H 2023). Net loss: US$3.99m (loss widened 161% from 1H 2023). Revenue is forecast to grow 64% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Metals and Mining industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has fallen by 45% per year, which means it is performing significantly worse than earnings.
New Risk • Sep 27New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$9.5m free cash flow). Earnings have declined by 25% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Shareholders have been diluted in the past year (7.5% increase in shares outstanding). Revenue is less than US$5m (US$4.6m revenue). Market cap is less than US$100m (UK£22.5m market cap, or US$30.1m).
分析記事 • Sep 27Is Ferro-Alloy Resources (LON:FAR) A Risky Investment?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
New Risk • Sep 27New minor risk - Revenue sizeThe company makes less than US$5m in revenue. Total revenue: US$4.6m This is considered a minor risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$9.5m free cash flow). Earnings have declined by 25% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (7.5% increase in shares outstanding). Revenue is less than US$5m (US$4.6m revenue). Market cap is less than US$100m (UK£26.2m market cap, or US$35.2m).
お知らせ • Sep 26Ferro-Alloy Resources Limited Provides Update on Results from the Testing Completed on Its Carbon Concentrate and the Balasausqandiq Feasibility StudyFerro-Alloy Resources Limited provided an update on the results from the testing completed on its carbon concentrate and the Balasausqandiq feasibility study. Carbon Concentrate: Results from the testing of the Company's carbon concentrate to be produced from the tailings of the Balasausqandiq ore have confirmed the suitability of the concentrate for use in tyre rubber manufacture and other carbon black based rubber applications. The testing has shown that the carbon concentrate can be successfully used as a partial substitute for conventional carbon black filler in a passenger car tyre sidewall compound formulation. A marketing report quantifying the value proposition of the concentrate is being finalised. Feasibility Study: Feasibility study for Phase 1 is ongoing: Current focus of the study is on the optimisation of the planned tailings storage facility. Site selection is in progress and preliminary capital estimates have been completed on a staged construction basis to refine initial capital spend. Design capacity of the Phase 1 process plant has been increased to 1.65m tonnes throughput per year and the comminution circuit design work has been completed. Reagent optimisation programme commenced to quantify improvements to the project's expected operational expenditure. In order to accommodate the increased design capacity of the Phase 1 process plant and the reagent optimisation programme, the Company now expects the feasibility study to be published during Second Quarter 2025.
お知らせ • Sep 19Ferro-Alloy Resources Limited, Annual General Meeting, Oct 23, 2024Ferro-Alloy Resources Limited, Annual General Meeting, Oct 23, 2024. Location: the old government house hotel, anns place, st peter port, gy1 2nu, Guernsey
分析記事 • Jun 07Ferro-Alloy Resources (LON:FAR) Is Carrying A Fair Bit Of DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Reported Earnings • Apr 30Full year 2023 earnings released: US$0.012 loss per share (vs US$0.011 loss in FY 2022)Full year 2023 results: US$0.012 loss per share (further deteriorated from US$0.011 loss in FY 2022). Revenue: US$5.72m (down 8.9% from FY 2022). Net loss: US$5.25m (loss widened 23% from FY 2022). Revenue is forecast to grow 46% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Metals and Mining industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 47% per year, which means it is performing significantly worse than earnings.
New Risk • Mar 29New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$8.9m free cash flow). Earnings have declined by 39% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (7.7% average weekly change). Shareholders have been diluted in the past year (8.3% increase in shares outstanding). Market cap is less than US$100m (UK£21.3m market cap, or US$26.8m).
New Risk • Nov 19New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 39% per year over the past 5 years. Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$8.9m). Shareholders have been diluted in the past year (8.3% increase in shares outstanding). Market cap is less than US$100m (UK£42.3m market cap, or US$52.7m).
お知らせ • Oct 07Ferro-Alloy Resources Limited, Annual General Meeting, Nov 01, 2023Ferro-Alloy Resources Limited, Annual General Meeting, Nov 01, 2023, at 14:00 Coordinated Universal Time. Location: The Duke of Richmond Hotel, Cambridge Park, St Peter Port Guernsey, GY1 1UY. Guernsey United Kingdom
Reported Earnings • Sep 13First half 2023 earnings released: US$0.003 loss per share (vs US$0.002 loss in 1H 2022)First half 2023 results: US$0.003 loss per share (further deteriorated from US$0.002 loss in 1H 2022). Revenue: US$3.31m (down 15% from 1H 2022). Net loss: US$1.53m (loss widened 121% from 1H 2022). Revenue is forecast to grow 57% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
New Risk • Jul 25New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$7.8m free cash flow). Earnings have declined by 39% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (UK£49.5m market cap, or US$63.7m).
New Risk • Jul 03New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$7.8m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$7.8m free cash flow). Earnings have declined by 39% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (UK£43.6m market cap, or US$55.4m).
Recent Insider Transactions • May 04CEO & Director recently bought UK£650k worth of stockOn the 2nd of May, Nicholas Bridgen bought around 6m shares on-market at roughly UK£0.10 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Nicholas' only on-market trade for the last 12 months.
Reported Earnings • Apr 30Full year 2022 earnings released: US$0.011 loss per share (vs US$0.008 loss in FY 2021)Full year 2022 results: US$0.011 loss per share (further deteriorated from US$0.008 loss in FY 2021). Revenue: US$6.27m (up 33% from FY 2021). Net loss: US$4.29m (loss widened 52% from FY 2021). Revenue is forecast to grow 41% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
お知らせ • Jan 31Ferro-Alloy Resources Limited Provides Earnings and Production Guidance for the Year 2023Ferro-Alloy Resources Limited provided earnings and production guidance for the year 2023. The company believes that both the production and financial results for 2023 are likely to be significantly better than 2022.
Board Change • Nov 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. CFO & Director Will Callewaert was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Sep 16First half 2022 earnings released: US$0.002 loss per share (vs US$0.003 loss in 1H 2021)First half 2022 results: US$0.002 loss per share (improved from US$0.003 loss in 1H 2021). Revenue: US$3.91m (up 153% from 1H 2021). Net loss: US$694.0k (loss narrowed 36% from 1H 2021). Revenue is forecast to grow 44% p.a. on average during the next 2 years, compared to a 3.4% decline forecast for the Metals and Mining industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 18% per year.
Reported Earnings • May 01Full year 2021 earnings released: US$0.008 loss per share (vs US$0.012 loss in FY 2020)Full year 2021 results: US$0.008 loss per share (up from US$0.012 loss in FY 2020). Revenue: US$4.73m (up 99% from FY 2020). Net loss: US$2.83m (loss narrowed 28% from FY 2020). Over the next year, revenue is forecast to grow 231%, compared to a 6.6% growth forecast for the mining industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance.
Board Change • Apr 27No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. CFO & Director Will Callewaert was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Feb 21No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Chairman Mick Davis was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Nov 19Ferro-Alloy Resources Ltd's Ordinary Shares to Be Deleted from Other OTCFerro-Alloy Resources Limited (LSE:FAR)'s Ordinary Shares NPV (Guernsey) will be deleted from other OTC effective from November 18, 2020 due to Inactive Security.
お知らせ • Sep 04Ferro-Alloy Resources Limited has completed a Follow-on Equity Offering in the amount of £0.5 million.Ferro-Alloy Resources Limited has completed a Follow-on Equity Offering in the amount of £0.5 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 6,250,000 Price\Range: £0.08 Transaction Features: Subsequent Direct Listing