ASX:FGR

Stock Analysis Report

Executive Summary

First Graphene Limited manufactures and sells a range of graphene nanoplatelet products under the PureGRAPH brand name in Australia and the Great Britain.


Snowflake Analysis

Adequate balance sheet with weak fundamentals.

Share Price & News

How has First Graphene's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FGR's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-11.4%

FGR

-4.0%

AU Chemicals

-2.2%

AU Market


1 Year Return

10.7%

FGR

10.3%

AU Chemicals

11.6%

AU Market

Return vs Industry: FGR underperformed the Australian Chemicals industry which returned 12.4% over the past year.

Return vs Market: FGR underperformed the Australian Market which returned 14.6% over the past year.


Shareholder returns

FGRIndustryMarket
7 Day-11.4%-4.0%-2.2%
30 Day0%-6.3%-2.2%
90 Day6.9%-4.2%2.2%
1 Year10.7%10.7%12.0%10.3%16.5%11.6%
3 Year55.0%55.0%4.6%-2.3%36.2%18.1%
5 Year203.9%203.9%7.6%-5.9%46.7%14.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

11.66x

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 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 (11.7x) compared to the AU Chemicals industry average (5.3x).


Next Steps

Future Growth

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

27.7%

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.


Next Steps

Past Performance

How has First Graphene performed over the past 5 years?

-17.8%

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 -17.8% 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 (-2.1%).


Return on Equity

High ROE: FGR has a negative Return on Equity (-114.77%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is First Graphene's financial position?


Financial Position Analysis

Short Term Liabilities: FGR's short term assets (A$5.2M) exceed its short term liabilities (A$1.0M).

Long Term Liabilities: FGR has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: FGR is debt free.

Reducing Debt: FGR had no debt 5 years ago.


Balance Sheet

Inventory Level: FGR has a high level of physical assets or inventory.

Debt Coverage by Assets: FGR's debt is not covered by short term assets (assets are -77.4x debt).


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 -23% each year


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.4%markettop25%5.5%industryaverage2.8%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

7.2yrs

Average management tenure


CEO

Craig McGuckin (58yo)

7.2yrs

Tenure

AU$488,597

Compensation

Mr. Craig Robert McGuckin, Dip. Minsurv, Dip Surfmin, has been the Managing Director of Mongolian Resources Limited (also known as First Graphene Limited &Kumai Energy Limited) since December 10, 2012. He  ...


CEO Compensation Analysis

Compensation vs Market: Craig's total compensation ($USD324.20K) is about average for companies of similar size in the Australian market ($USD251.50K).

Compensation vs Earnings: Craig's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Craig McGuckin
MD & Director7.2yrsAU$488.60k1.66% A$1.2m
Peter Youd
CFO, Company Secretary & Executive Director5.7yrsAU$433.92k0.088% A$64.6k
Andy Goodwin
Chief Technology Officer1.4yrsAU$366.61k0.31% A$224.8k
Nerida Schmidt
Company Secretary7.2yrsno datano data

7.2yrs

Average Tenure

Experienced Management: FGR's management team is seasoned and experienced (7.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Craig McGuckin
MD & Director7.2yrsAU$488.60k1.66% A$1.2m
Peter Youd
CFO, Company Secretary & Executive Director5.7yrsAU$433.92k0.088% A$64.6k
Warwick Grigor
Non-Executive Chairman4.2yrsAU$122.95k0.23% A$170.5k

5.7yrs

Average Tenure

59yo

Average Age

Experienced Board: FGR's board of directors are considered experienced (5.7 years average tenure).


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 diluted in the past year, with total shares outstanding growing by 10.1%.


Top Shareholders

Company Information

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


Key Information

  • Name: First Graphene Limited
  • Ticker: FGR
  • Exchange: ASX
  • Founded:
  • Industry: Specialty Chemicals
  • Sector: Materials
  • Market Cap: AU$73.636m
  • Shares outstanding: 475.07m
  • Website: https://www.firstgraphene.net

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FGRASX (Australian Securities Exchange)YesOrdinary SharesAUAUDDec 2012
FGRCHIA (Chi-X Australia)YesOrdinary SharesAUAUDDec 2012
M11DB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 2012
FGPH.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDDec 2012

Biography

First Graphene Limited manufactures and sells a range of graphene nanoplatelet products under the PureGRAPH brand name in Australia and the Great Britain. Its products are used in the composite, elastomer, fire retardancy, concrete, and energy storage applications. The company was formerly known as First Graphite Limited and changed its name to First Graphene Limited in November 2017. First Graphene Limited is headquartered in Henderson, Australia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/25 10:37
End of Day Share Price2020/02/24 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.