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
| FFR | Industry | Market | |
|---|---|---|---|
| 7 Day | 8.0% | 0.1% | -1.6% |
| 30 Day | -10.0% | -0.1% | -0.9% |
| 90 Day | -27.0% | 18.5% | 3.9% |
| 1 Year | 294.2%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
1 week ago | Simply Wall St
Here's What We Learned About The CEO Pay At Firefly Resources Limited (ASX:FFR)2 months ago | Simply Wall St
Did Firefly Resources Limited (ASX:MZN) Insiders Buy Up More Shares?3 months ago | Simply Wall St
What Can We Make Of Firefly Resources' (ASX:FFR) CEO Compensation?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
- Examine Firefly Resources's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Firefly Resources competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, CEO & Director | 2.75yrs | AU$301.58k | 0.26% A$ 108.3k | |
| Exploration Manager | no data | no data | no data | |
| Joint Company Secretary | 1.83yrs | no data | no data | |
| Joint Company Secretary | 0.42yr | no data | no 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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, CEO & Director | 2.75yrs | AU$301.58k | 0.26% A$ 108.3k | |
| Non-Executive Director | 15yrs | AU$55.45k | 0.26% A$ 109.6k | |
| Non-Executive Director | 0.42yr | no data | 3.73% A$ 1.6m | |
| Non-Executive Chairman | 0.58yr | AU$48.90k | 1.11% A$ 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FFR | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Dec 2006 |
| MNDM.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Dec 2006 |
| FFRXE | ASX (Australian Securities Exchange) | Npv Dfd 12/03/21(ex-Entitlement) | AU | AUD | Feb 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/25 07:11 |
| End of Day Share Price | 2021/02/25 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2020/06/30 |
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.