First Graphene Limited

ASX:FGR Stock Report

Market Cap: AU$48.6m

First Graphene Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Mike Bell

Chief executive officer

AU$547.5k

Total compensation

CEO salary percentage63.93%
CEO tenure5.7yrs
CEO ownership0.8%
Management average tenureno data
Board average tenure5.8yrs

Recent management updates

Recent updates

Analysis Article • Oct 01

Does First Graphene (ASX:FGR) Have A Healthy Balance Sheet?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article • Aug 31

Is First Graphene (ASX:FGR) Using Debt Sensibly?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Sep 04

Is First Graphene (ASX:FGR) Using Too Much Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Mar 21

Health Check: How Prudently Does First Graphene (ASX:FGR) Use Debt?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Sep 05

First Graphene (ASX:FGR) Is Carrying A Fair Bit Of Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • Apr 28

Is First Graphene (ASX:FGR) Weighed On By Its Debt Load?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Dec 02

Is First Graphene (ASX:FGR) Using Debt Sensibly?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Aug 06

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...
Analysis Article • Mar 31

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

We can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made...
Analysis Article • Dec 16

We Think First Graphene (ASX:FGR) Can Afford To Drive Business Growth

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...

CEO Compensation Analysis

How has Mike Bell's remuneration changed compared to First Graphene's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2026n/an/a

-AU$5m

Dec 31 2025n/an/a

-AU$6m

Sep 30 2025n/an/a

-AU$6m

Jun 30 2025AU$548kAU$350k

-AU$5m

Dec 31 2024n/an/a

-AU$5m

Sep 30 2024n/an/a

-AU$6m

Jun 30 2024AU$500kAU$370k

-AU$6m

Mar 31 2024n/an/a

-AU$6m

Dec 31 2023n/an/a

-AU$5m

Sep 30 2023n/an/a

-AU$5m

Jun 30 2023AU$596kAU$381k

-AU$5m

Mar 31 2023n/an/a

-AU$6m

Dec 31 2022n/an/a

-AU$6m

Sep 30 2022n/an/a

-AU$6m

Jun 30 2022AU$665kAU$383k

-AU$5m

Mar 31 2022n/an/a

-AU$6m

Dec 31 2021n/an/a

-AU$7m

Sep 30 2021n/an/a

-AU$7m

Jun 30 2021AU$539kAU$152k

-AU$6m

Compensation vs Market: Mike's total compensation ($USD390.36K) is about average for companies of similar size in the Australian market ($USD342.03K).

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

CEO

Mike Bell

5.7yrs
Tenure
AU$547,515
Compensation

Mr. Michael Bell, also known as Mike, serves as the Managing Director and Director of First Graphene Limited since July 1, 2021. He is Chief Executive Officer of First Graphene Limited since January 11, 20...

Board Members

NamePositionTenureCompensationOwnership
Michael Bell
MD, CEO & Director5.2yrsAU$547.52k0.84%
A$ 408.2k
Andrew Goodwin
Senior Scientific Advisor & Non Executive Director6.2yrsAU$51.29k0.23%
A$ 111.0k
Michael Quinert
Non-Executive Director5.5yrsAU$40.56k0.050%
A$ 24.3k
Warwick Grigor
Non-Executive Chairman10.8yrsAU$124.47k0.42%
A$ 203.9k
5.8yrs
Average Tenure

Experienced Board: FGR's board of directors are considered experienced (5.8 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/21 21:50
End of Day Share Price 2026/09/21 00:00
Earnings2026/06/30
Annual Earnings2026/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

First Graphene Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.