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FGR

First GrapheneASX:FGR Stock Report

Market Cap

AU$115.5m

7D

-10.6%

1Y

44.8%

Updated

25 Oct, 2021

Data

Company Financials
FGR fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends0/6

FGR Overview

First Graphene Limited engages in the research, development, mining, exploration, manufacture, and sale of graphene and graphene nanoplatelet products under the PureGRAPH brand name in Australia.

First Graphene Competitors

NanoXplore

TSX:GRA

CA$1.2b

Directa Plus

AIM:DCTA

UK£82.2m

Haydale Graphene Industries

AIM:HAYD

UK£32.2m

Applied Graphene Materials

AIM:AGM

UK£19.0m

Price History & Performance

Summary of all time highs, changes and price drops for First Graphene
Historical stock prices
Current Share PriceAU$0.21
52 Week HighAU$0.13
52 Week LowAU$0.33
Beta1.79
1 Month Change13.51%
3 Month Change-10.64%
1 Year Change44.83%
3 Year Change44.83%
5 Year Change112.12%
Change since IPO31.25%

Recent News & Updates

Aug 06
We're Keeping An Eye On First Graphene's (ASX:FGR) Cash Burn Rate

We're Keeping An Eye On First Graphene's (ASX:FGR) Cash Burn Rate

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, biotech and mining...

Shareholder Returns

FGRAU ChemicalsAU Market
7D-10.6%1.4%0.6%
1Y44.8%15.2%21.3%

Return vs Industry: FGR exceeded the Australian Chemicals industry which returned 15.2% over the past year.

Return vs Market: FGR exceeded the Australian Market which returned 21.3% over the past year.

Price Volatility

Is FGR's price volatile compared to industry and market?
FGR volatility
FGR Beta1.79
Industry Beta0.80
Market Beta1

Stable Share Price: FGR is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: FGR's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/an/aMike Bellhttps://www.firstgraphene.net

First Graphene Limited engages in the research, development, mining, exploration, manufacture, and sale of graphene and graphene nanoplatelet products under the PureGRAPH brand name in Australia. The company also develops and sells VFD, TTF, and other 2D devices and materials. Its products are used in the composite, elastomer, fire retardancy, concrete, textile, and energy storage applications.

First Graphene Fundamentals Summary

How do First Graphene's earnings and revenue compare to its market cap?
FGR fundamental statistics
Market CapAU$115.53m
Earnings (TTM)-AU$6.30m
Revenue (TTM)AU$341.87k

338.7x

P/S Ratio

-18.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FGR income statement (TTM)
RevenueAU$341.87k
Cost of RevenueAU$480.60k
Gross Profit-AU$138.73k
ExpensesAU$6.16m
Earnings-AU$6.30m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.011
Gross Margin-40.58%
Net Profit Margin-1,842.06%
Debt/Equity Ratio53.5%

How did FGR perform over the long term?

See historical performance and comparison

Valuation

Is First Graphene undervalued compared to its fair value and its price relative to the market?

12.77x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: FGR is unprofitable, so we can't compare its PE Ratio to the Australian Chemicals industry average.

PE vs Market: FGR 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 FGR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FGR is overvalued based on its PB Ratio (12.8x) compared to the AU Chemicals industry average (3.9x).


Future Growth

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

31.3%

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 First Graphene 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.


Past Performance

How has First Graphene performed over the past 5 years?

-5.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FGR is currently unprofitable.

Growing Profit Margin: FGR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FGR is unprofitable, and losses have increased over the past 5 years at a rate of 5.8% per year.

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

Earnings vs Industry: FGR is unprofitable, making it difficult to compare its past year earnings growth to the Chemicals industry (-61.8%).


Return on Equity

High ROE: FGR has a negative Return on Equity (-68.14%), as it is currently unprofitable.


Financial Health

How is First Graphene's financial position?


Financial Position Analysis

Short Term Liabilities: FGR's short term assets (A$9.1M) exceed its short term liabilities (A$6.8M).

Long Term Liabilities: FGR has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: FGR's debt to equity ratio (53.5%) is considered high.

Reducing Debt: FGR's debt to equity ratio has increased from 1.6% to 53.5% over the 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: FGR has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: FGR has less than a year of cash runway if free cash flow continues to reduce at historical rates of 12.9% each year


Dividend

What is First Graphene current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate FGR'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 FGR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FGR'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 FGR'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?

0.8yrs

Average management tenure


CEO

Mike Bell

0.75

Tenure

AU$539,335

Compensation

Mr. Michael Bell, also known as Mike, serves as the Managing Director of First Graphene Limited since July 2021 and also serves as its Director. He is Chief Executive Officer of First Graphene Limited sinc...


CEO Compensation Analysis

Compensation vs Market: Mike's total compensation ($USD404.30K) is above average for companies of similar size in the Australian market ($USD302.38K).

Compensation vs Earnings: Insufficient data to compare Mike's compensation with company performance.


Leadership Team

Experienced Management: FGR's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: FGR's board of directors are not considered experienced ( 1.3 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: FGR 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 diluted in the past year, with total shares outstanding growing by 4.6%.


Top Shareholders

Company Information

First Graphene Limited's employee growth, exchange listings and data sources


Key Information

  • Name: First Graphene Limited
  • Ticker: FGR
  • Exchange: ASX
  • Founded: NaN
  • Industry: Specialty Chemicals
  • Sector: Materials
  • Market Cap: AU$115.525m
  • Shares outstanding: 550.12m
  • Website: https://www.firstgraphene.net

Number of Employees


Location

  • First Graphene Limited
  • 1 Sepia Close
  • Henderson
  • Western Australia
  • 6166
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 16:55
End of Day Share Price2021/10/25 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.