ASX:FML

Stock Analysis Report

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Executive Summary

Focus Minerals Limited engages in the exploration of gold in Western Australia.


Snowflake Analysis

Mediocre balance sheet and overvalued.


Similar Companies

Share Price & News

How has Focus Minerals's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

15.2%

FML

1.5%

AU Metals and Mining

-2.0%

AU Market


1 Year Return

6.0%

FML

-0.3%

AU Metals and Mining

-12.3%

AU Market

Return vs Industry: FML exceeded the Australian Metals and Mining industry which returned 0.4% over the past year.

Return vs Market: FML exceeded the Australian Market which returned -11.8% over the past year.


Shareholder returns

FMLIndustryMarket
7 Day15.2%1.5%-2.0%
30 Day15.2%0.5%-3.6%
90 Day26.2%21.9%11.9%
1 Year6.0%6.0%5.0%-0.3%-8.7%-12.3%
3 Year-36.9%-36.9%66.0%43.0%14.9%-0.4%
5 Year-14.5%-14.5%109.9%68.5%28.3%0.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Focus Minerals undervalued compared to its fair value and its price relative to the market?

0.55x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: FML is good value based on its PB Ratio (0.5x) compared to the AU Metals and Mining industry average (1.8x).


Next Steps

Future Growth

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

3.1%

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 Focus Minerals 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 Focus Minerals performed over the past 5 years?

30.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FML is currently unprofitable.

Growing Profit Margin: FML is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FML is unprofitable, but has reduced losses over the past 5 years at a rate of 30.3% per year.

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

Earnings vs Industry: FML is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-8.4%).


Return on Equity

High ROE: FML has a negative Return on Equity (-2.34%), as it is currently unprofitable.


Next Steps

Financial Health

How is Focus Minerals's financial position?


Financial Position Analysis

Short Term Liabilities: FML's short term assets (A$14.2M) exceed its short term liabilities (A$1.1M).

Long Term Liabilities: FML's short term assets (A$14.2M) do not cover its long term liabilities (A$27.0M).


Debt to Equity History and Analysis

Debt Level: FML is debt free.

Reducing Debt: FML 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: FML has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: FML has less than a year of cash runway if free cash flow continues to grow at historical rates of 18.7% each year.


Next Steps

Dividend

What is Focus Minerals's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

2.0yrs

Average management tenure


CEO

Zhaoya Wang

2yrs

Tenure

AU$513,778

Compensation

Mr. Zhaoyan Wang has been Executive Director at Focus Minerals Limited since November 17, 2017 and Chief Executive Officer at Focus Minerals Limited since July 19, 2018. Mr. Wang is a mining engineer who b ...


CEO Compensation Analysis

Compensation vs Market: Zhaoya's total compensation ($USD357.56K) is above average for companies of similar size in the Australian market ($USD263.40K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Zhaoya Wang
CEO & Executive Director2yrsAU$513.78kno data
Zaiqian Zhang
CFO, Senior Accountant2.67yrsAU$321.93kno data
Alexis Aaltonen
General Manager of Exploration1.42yrsAU$256.70kno data

2.0yrs

Average Tenure

Experienced Management: FML's management team is considered experienced (2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Zhaoya Wang
CEO & Executive Director2yrsAU$513.78kno data
Zaiqian Zhang
CFO, Senior Accountant2.67yrsAU$321.93kno data
Gerard Fahey
Independent Non-Executive Director9.25yrsAU$54.75k0.0070% A$3.2k
Dianfei Pei
Non-Executive Non-Independent Director4.5yrsAU$80.00kno data

3.6yrs

Average Tenure

Experienced Board: FML's board of directors are considered experienced (3.6 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Focus Minerals Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Focus Minerals Limited
  • Ticker: FML
  • Exchange: ASX
  • Founded:
  • Industry: Gold
  • Sector: Materials
  • Market Cap: AU$45.687m
  • Shares outstanding: 182.75m
  • Website: https://www.focusminerals.com.au

Location

  • Focus Minerals Limited
  • 159 Adelaide Terrace
  • Level 2
  • East Perth
  • Western Australia
  • 6004
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FZADB (Deutsche Boerse AG)YesOrdinary SharesDEEURMar 2003
FMLASX (Australian Securities Exchange)YesOrdinary SharesAUAUDMar 2003
FCSU.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDMar 2003
FMLCHIA (Chi-X Australia)YesOrdinary SharesAUAUDMar 2003

Biography

Focus Minerals Limited engages in the exploration of gold in Western Australia. It also explores for nickel deposits. The company holds a 100% interest in the Coolgardie gold project located on the western side of the Archaean Norseman-Wiluna Greenstone belt within the Coolgardie Domain; and the Laverton gold project located in the Yilgarn Craton of Western Australia. It also holds a 100% interest in the Nepean nickel project, which is located to the south of the town of Coolgardie. Focus Minerals Limited is headquartered in East Perth, Australia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/10 10:34
End of Day Share Price2020/07/10 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.