ASX:FFR

Stock Analysis Report

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Executive Summary

Firefly Resources Limited primarily engages in the acquisition, exploration, and development of lithium, gold, and base metal projects in Western Australia. More Details


Snowflake Analysis

Flawless balance sheet with weak fundamentals.


Similar Companies

Share Price & News

How has Firefly Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FFR is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: FFR's weekly volatility has decreased from 27% to 11% over the past year.


Market Performance


7 Day Return

8.0%

FFR

0.1%

AU Metals and Mining

-1.6%

AU Market


1 Year Return

221.4%

FFR

41.1%

AU Metals and Mining

5.8%

AU Market

Return vs Industry: FFR exceeded the Australian Metals and Mining industry which returned 41.1% over the past year.

Return vs Market: FFR exceeded the Australian Market which returned 5.8% over the past year.


Shareholder returns

FFRIndustryMarket
7 Day8.0%0.1%-1.6%
30 Day-10.0%-0.1%-0.9%
90 Day-27.0%18.5%3.9%
1 Year294.2%221.4%48.6%41.1%9.3%5.8%
3 Year-72.4%-77.5%79.2%54.7%28.5%13.0%
5 Year-60.1%-67.9%222.1%163.3%66.2%33.9%

Long-Term Price Volatility Vs. Market

How volatile is Firefly Resources's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Firefly Resources undervalued compared to its fair value and its price relative to the market?

10.53x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate FFR's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate FFR's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: FFR is unprofitable, so we can't compare its PE Ratio to the AU Metals and Mining industry average.

PE vs Market: FFR is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FFR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FFR is overvalued based on its PB Ratio (10.5x) compared to the AU Metals and Mining industry average (2.8x).


Next Steps

Future Growth

How is Firefly Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-5.1%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Firefly Resources has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Firefly Resources performed over the past 5 years?

-24.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FFR is currently unprofitable.

Growing Profit Margin: FFR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FFR is unprofitable, and losses have increased over the past 5 years at a rate of 24.2% per year.

Accelerating Growth: Unable to compare FFR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: FFR is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (24.4%).


Return on Equity

High ROE: FFR has a negative Return on Equity (-693.61%), as it is currently unprofitable.


Next Steps

Financial Health

How is Firefly Resources's financial position?


Financial Position Analysis

Short Term Liabilities: FFR's short term assets (A$991.2K) exceed its short term liabilities (A$273.0K).

Long Term Liabilities: FFR's short term assets (A$991.2K) exceed its long term liabilities (A$4.1K).


Debt to Equity History and Analysis

Debt Level: FFR is debt free.

Reducing Debt: FFR has not had any debt for past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: FFR has sufficient cash runway for 6 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: FFR is forecast to have sufficient cash runway for 5 months based on free cash flow estimates, but has since raised additional capital.


Next Steps

Dividend

What is Firefly Resources's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate FFR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate FFR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if FFR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FFR's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of FFR's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.8yrs

Average management tenure


CEO

Simon Lawson (45 yo)

2.75yrs

Tenure

AU$301,576

Compensation

Mr. Simon Irwin Lawson has been Chief Executive Officer and Managing Director of Firefly Resources Limited (Formerly, Marindi Metals Limited) since May 01, 2018 and has been its Director since 2018. He has...


CEO Compensation Analysis

Compensation vs Market: Simon's total compensation ($USD239.04K) is about average for companies of similar size in the Australian market ($USD298.12K).

Compensation vs Earnings: Simon's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Simon Lawson
MD, CEO & Director2.75yrsAU$301.58k0.26%
A$ 108.3k
Guy Moulang
Exploration Managerno datano datano data
Natalie Teo
Joint Company Secretary1.83yrsno datano data
Steven Wood
Joint Company Secretary0.42yrno datano data

1.8yrs

Average Tenure

Experienced Management: FFR's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Simon Lawson
MD, CEO & Director2.75yrsAU$301.58k0.26%
A$ 108.3k
Geoffrey Jones
Non-Executive Director15yrsAU$55.45k0.26%
A$ 109.6k
Ashley Pattison
Non-Executive Director0.42yrno data3.73%
A$ 1.6m
Michael Edwards
Non-Executive Chairman0.58yrAU$48.90k1.11%
A$ 466.7k

1.7yrs

Average Tenure

48.5yo

Average Age

Experienced Board: FFR's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 275%.


Top Shareholders

Company Information

Firefly Resources Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Firefly Resources Limited
  • Ticker: FFR
  • Exchange: ASX
  • Founded: 2006
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$41.971m
  • Shares outstanding: 299.79m
  • Website: https://www.fireflyresources.com.au

Location

  • Firefly Resources Limited
  • 15 McCabe Street
  • North Fremantle
  • Western Australia
  • 6159
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FFRASX (Australian Securities Exchange)YesOrdinary SharesAUAUDDec 2006
MNDM.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDDec 2006
FFRXEASX (Australian Securities Exchange)Npv Dfd 12/03/21(ex-Entitlement)AUAUDFeb 2021

Biography

Firefly Resources Limited primarily engages in the acquisition, exploration, and development of lithium, gold, and base metal projects in Western Australia. The company also explores for zinc, copper, lead...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/02/25 07:11
End of Day Share Price2021/02/25 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.